Shares of Etsy (ETSY) fell sharply after the company announced it was cutting 225 jobs, about 11% of its workforce. In a statement, CEO Josh Silverman says the company is "reorganizing our internal structure to more closely align our resources with our most important business priorities." Yahoo Finance Live has the breaking news announcement. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Shares of Etsy (ETSY) fell sharply after the company announced it was cutting 225 jobs, about 11% of its workforce. In a statement, CEO Josh Silverman says the company is "reorganizing our internal structure to more closely align our resources with our most important business priorities." Yahoo Finance Live has the breaking news announcement.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Reuters
U.S. Treasury yields will decline over the coming year, but by less than half as much as they have in the last seven weeks, a Reuters poll of bond strategists showed, suggesting the market is already nearly fully priced for rate cuts next year. Since peaking at 5.02% in October, the benchmark U.S. 10-year Treasury note yield, which moves inversely to the price, first dropped sharply on increased safe-haven demand owing the initial outbreak of the Israel-Hamas war. Then, growing optimism inflation will fall further and perceived dovish statements from Federal Reserve officials boosted expectations of rate cuts coming sooner, leading to a further fall in yields to a three-month low of 4.10% last week.
Barrons.com
Microsoft stock has even more upside potential as the tech company benefits from artificial intelligence innovations, says one Truist analyst. Joel Fishbein initiated coverage of Microsoft on Wednesday with a Buy rating and a three-year $600 price target. “Their early investments in artificial intelligence have positioned them to take a leadership position in what we view as the fastest growing multi-billion-dollar market in technology,” he said in a note.
The Wall Street Journal
Bill Ackman, who has been calling for Harvard [to oust its president](https://www.wsj.com/us-news/bill-ackman-college-presidents-a20ff0d3) over antisemitism, took to X Tuesday night to share another complaint about his alma mater. The billionaire investor is frustrated with Harvard’s handling of a donation he made in 2017. A few years later, the Korean e-commerce company was nearing an IPO at a valuation of around $50 billion and the value of Ackman’s gift to Harvard had ballooned in value to $85 million.