Earlier this month, Microsoft (MSFT) completed its $69 billion acquisition of video game company Activision Blizzard (ATVI). The tech giant reported mixed results for its gaming segments in its fiscal first-quarter earnings on Wednesday— gaming hardware revenue declined, but content/services and overall gaming revenues increased. Yahoo Finance’s Dan Howley explains the extensive gaming portfolio Microsoft will gain in marketing its Xbox platform, including popular franchises like Call of Duty. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Earlier this month, Microsoft (MSFT) completed its $69 billion acquisition of video game company Activision Blizzard (ATVI). The tech giant reported mixed results for its gaming segments in its fiscal first-quarter earnings on Wednesday— gaming hardware revenue declined, but content/services and overall gaming revenues increased.
Yahoo Finance’s Dan Howley explains the extensive gaming portfolio Microsoft will gain in marketing its Xbox platform, including popular franchises like Call of Duty.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Safe-haven gold gained on Wednesday, buoyed by continued conflict in the Middle East, while investors looked forward to key U.S. economic data for further cues on the Federal Reserve's policy path. Spot gold was up 0.7% at $1,983.89 per ounce by 9:51 a.m. ET (1351 GMT), having declined in the previous two sessions and trading below a five-month high hit last week. The geopolitical concerns are not going away in the short term, which will continue supporting gold, said Bob Haberkorn, senior market strategist at RJO Futures.
Yifan Hu, regional chief investment officer and head of Asia Pacific macroeconomics at UBS Global Wealth Management, discusses China's efforts to boost the economy and the implications for financial markets. President Xi Jinping stepped up support for the world's second-biggest economy, issuing additional sovereign debt, raising the budget deficit ratio and even making an unprecedented visit to the central bank. Hu speaks on "Bloomberg Markets: China Open."
Shares of WM which previously was known as Waste Management, were on track for their biggest jump in three years after the company beat third-quarter earnings estimates and raised guidance on free cash flow. The company said it expects free cash flow for 2023 of between $1.825 billion and $1.925 billion from a prior range of $1.675 billion and $1.775 billion. Shares of Waste Management were rising 6.3% to $164.37 on Wednesday, putting them on pace for their largest increase since March 26, 2020, when they gained 7.4%, according to Dow Jones Market Data.
Legendary investor Warren Buffett has achieved astounding returns throughout his career. From 1964 to 2022, his company Berkshire Hathaway Inc. (NYSE:BRK) delivered an overall gain of 3,787,464%, dwarfing the S&P 500's 24,708% return during the same period. Other than picking stocks that skyrocketed in value, Buffett also collects dividends — a lot of dividends. Buffett famously said, "If you don't find a way to make money while you sleep, you will work until you die." Don't Miss: Elon Musk may
Alphabet stock fell 8.5% Wednesday despite stronger-than-expected quarterly earnings from the Google parent. Earnings per share were $1.55, nine cents ahead of the consensus at $1.46 a share. Ad revenue was $59.6 billion, above the Wall Street consensus forecast of $59.6 billion.
Now, longer-term Treasury yields have hit their highest levels in 16 years, causing their value to plummet, and stocks are expensive. This forced the Federal Reserve to play catch-up through a series of rate increases.
(Bloomberg) -- There’s a good reason why investors are amazed that something hasn’t broken in the economy yet: The last time US government bond yields climbed so far, so fast, the nation plunged into back-to-back recessions.Most Read from BloombergIsrael Latest: US Determines Israel Wasn’t Behind Hospital BlastChina Developer Country Garden Deemed in Default on Dollar Bond for First TimeTrump Ally Mike Johnson Becomes Latest GOP House Speaker NomineeNobody Wants Mutual Funds NowBig Tech Earnings
