ServiceNow (NOW) stock pops in extended hours trading — after closing in the red — on better-than-expected third-quarter earnings and current quarter outlook. Ari Emanuel's Endeavor Group (EDR) is reportedly exploring strategic options Lastly, Align Technology (ALGN) shares dive in after-hours trading as it cuts its revenue forecast. Yahoo Finance Live’s Julie Hyman runs down several trending stocks in Wednesday’s after-hours trading session. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
ServiceNow (NOW) stock pops in extended hours trading — after closing in the red — on better-than-expected third-quarter earnings and current quarter outlook. Ari Emanuel's Endeavor Group (EDR) is reportedly exploring strategic options Lastly, Align Technology (ALGN) shares dive in after-hours trading as it cuts its revenue forecast.
Yahoo Finance Live’s Julie Hyman runs down several trending stocks in Wednesday’s after-hours trading session.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Bloomberg
(Bloomberg) -- Endeavor Group Holdings Inc. said Wednesday it is reviewing strategic options, saying investors are failing to properly value the talent agency and entertainment company.Most Read from BloombergControversial Chip in Huawei Phone Produced on ASML MachineTrump Signals Support for Johnson’s Bid to Become House SpeakerTech-Heavy ETF Up in Late Hours as Meta Rallies: Markets WrapChina Developer Country Garden Deemed in Default on Dollar Bond for First TimeTrump Ally Mike Johnson Electe
Barrons.com
Three of tech’s biggest names reported earnings Tuesday evening and the sector fell hard on Wednesday. While Microsoft surprised to the upside, Google’s cloud revenue came in below Wall Street estimates, sending that stock more than 9% lower by Wednesday afternoon. Chipmaker Texas Instruments’ latest outlook was bleak.
Reuters
Billionaire hedge fund manager Bill Ackman, who traditionally invests in stocks, earned roughly $200 million from a bet against U.S. 30-year Treasury bonds, a person familiar with the trade said on Wednesday. Ackman said on Monday on X, "we covered our bond short" some 12 weeks after he announced the bet on the messaging platform formerly known as Twitter. "The economy is slowing faster than recent data suggests," Ackman said in the post, adding "There is too much risk in the world to remain short bonds at current long-term rates."
Benzinga
Bill Gates, the seventh-richest person in the world according to the Forbes 2023 list, has been losing money on one of his latest investment bets. Gates, who amassed his wealth by cofounding and leading Microsoft Corp. for decades before retiring in 2008, has since focused on investing in private corporations and publicly traded companies. In the fiscal second quarter of 2023, Gates purchased over 1.7 million shares of Anheuser-Busch InBev (NYSE:BUD), maker of popular beer brands including Bud L
Bloomberg
(Bloomberg) -- An earnings restatement from SunPower Corp. and a short seller’s notice on Sunrun Inc. helped drag solar stocks lower, as investors brace for what could be a round of disappointing quarterly reports across the industry. Most Read from BloombergControversial Chip in Huawei Phone Produced on ASML MachinePost-Earnings Meta Rally Fails to Prop Up QQQ: Markets WrapTrump Signals Support for Johnson’s Bid to Become House SpeakerTrump Ally Mike Johnson Elected House Speaker, Shifting GOP
Benzinga
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
Barrons.com
Alphabet stock fell 9.5% 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.
The Wall Street Journal
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.
Associated Press Finance
Boeing reported a $1.64 billion loss for the third quarter as it delivered fewer of its best-selling but problem-plagued 737 Max airliner and sunk more money into building two new Air Force One presidential jets. The aircraft maker on Wednesday lowered its forecast of 737 production to between 375 and 400 planes this year, down from a previous estimate of 400 to 450. Boeing has lost money every year since 2018 and has been profitable in only one of its last nine quarters as it struggles with problems in aircraft and defense programs.
Barrons.com
IBM third-quarter earnings edged Wall Street estimates, and its CEO says the company’s push into artificial intelligence is starting to pay off. Results were marked by continued solid growth in software, moderating expansion of the consulting business, and better-than-expected performance by the IBM’s mainframe business. The company also confirmed its previous full-year guidance for revenue and cash flow growth.
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