Investors will be closely watching third quarter earnings from the big tech companies. Data from Bloomberg Intelligence shows that the big five - Apple (APPL), Microsoft (MSFT), Amazon (AMZN), Nvidia (NVDA), and Alphabet (GOOG,GOOGL) - are expected to show an average 34% year-over-year jump in earnings. Yahoo Finance Senior Business Reporter Ines Ferre joins to break down the potential performance of these companies and what investors should pay attention to. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Investors will be closely watching third quarter earnings from the big tech companies. Data from Bloomberg Intelligence shows that the big five - Apple (APPL), Microsoft (MSFT), Amazon (AMZN), Nvidia (NVDA), and Alphabet (GOOG,GOOGL) - are expected to show an average 34% year-over-year jump in earnings. Yahoo Finance Senior Business Reporter Ines Ferre joins to break down the potential performance of these companies and what investors should pay attention to.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
TipRanks
The automotive industry is shifting, under a combination of impulses, from internal combustion engines to electrically powered vehicles. There has been much commentary on this shift, on its efficacy and practicality, but we’ll focus here on a factor that most people probably don’t think about: lithium. Lithium-ion batteries are the beating heart of electric vehicles (EVs); Elon Musk has said that ‘lithium batteries are the new oil.’ Musk has been right too often for us to ignore him – and on top
SmartAsset
Managing your taxes can be one of the most complex aspects of estate planning and a new IRS rule change continues that trend. The rule, published at the end of March, changes how the step-up in basis applies to assets held in an irrevocable trust. If you need help interpreting the IRS rule change or setting […] The post Want to Leave Assets to Heirs? IRS Rule Change Should Have You Rethinking Your Irrevocable Trust appeared first on SmartReads CMS - SmartAsset.
Bloomberg
(Bloomberg) -- Lithium giant Albemarle Corp. has walked away from its A$6.6 billion ($4.2 billion) takeover of Liontown Resources Ltd., after Australia’s richest woman built up a blocking minority and effectively scuppered one of the largest battery-metals deals to date.Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationUS to Tighten Curbs on China’s Access to Advanced Chip TechSt
Bloomberg
(Bloomberg) -- Charles Schwab Corp. executives said its cash-sorting problems, with clients moving money from the bank into higher-yielding products, are beginning to abate despite persistently elevated interest rates.Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationUS to Tighten Curbs on China’s Access to Advanced Chip TechStocks Rise Amid Efforts to Stifle Israel Conflict: Mar
Investor's Business Daily
TSLA edged up Monday. Wall Street expects Tesla EPS to drop 30% to 73 cents, the lowest in two years for Chief Executive Elon Musk, but with revenue increasing 13% to $24.32 billion. Analysts are also expecting Tesla profit margins to remain below its self-described "floor" amid fears there will be more surprise price cuts in the final months of 2023.
The Wall Street Journal
Moderna is sticking by its forecast range for 2023 Covid-19 vaccine sales, after rival [Pfizer cut the sales outlook for its own shot](https://www.wsj.com/livecoverage/stock-market-today-dow-jones-10-16-2023/card/pfizer-stock-falls-on-guidance-cut-other-covid-19-vaccine-makers-also-drop-SA1rMYsazC5f6xCoBLbo), citing lower-than-expected vaccination rates. Here’s why: + The company said “it is still too early in the U.S. vaccination season to accurately project where vaccination rates will land for the full year.” + Updated Covid-19 shots were introduced by both Moderna and Pfizer in September, for a booster campaign aimed at protecting Americans from the latest strains of the virus in fall and winter.
SmartAsset
Some financial products like life insurance or tax-advantaged retirement accounts require you to name one or more beneficiaries. However, that's not the case with many assets. For instance, you can buy a house or set up a savings account without … Continue reading → The post Differences of Beneficiary Designations vs. Wills appeared first on SmartAsset Blog.
AP Finance
Shares of Pfizer are in retreat on the first day of trading after the drug company said sales of its COVID-19 vaccine and its coronavirus treatment are weaker than it had expected and cut revenue projections by $9 billion for the year. Falling sales of both clipped sales in the second quarter, but Pfizer said in August that it expected a rebound in the second half of 2023. Shares of Pfizer slipped more than 1% before the opening bell Monday and Moderna, which is heavily reliant on the competing vaccine it makes, slid nearly 5%.
Reuters
South Korea's stock market watchdog said on Sunday it found two Hong Kong-based investment banks had engaged in naked short-selling, which would likely result in record fines. The two unnamed investment banks made naked short-selling transactions of a total 40 billion won ($29.58 million) and 16 billion won, respectively, the Financial Supervisory Service (FSS) said in a statement. Naked short selling of stocks - in which an investor short sells shares without first borrowing them or determining they can be borrowed - is banned by the Capital Markets Act in South Korea.
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