Day: November 10, 2023
Moody’s cuts U.S. outlook to negative, citing deficits and political polarization
The White House is seen at dusk on September 30, 2023 in Washington, DC. Samuel Corum | Getty Images Moody’s Investors Service on Friday lowered its ratings outlook on the United States’ government to negative from stable, pointing to rising risks to the nation’s fiscal strength. The ratings agency has affirmed the long-term issuer and […]
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Yellen and China’s He to ‘intensify communication’ after pre-APEC meetings
Janet Yellen, US Treasury secretary, and He Lifeng, China’s vice premier, during a meeting in San Francisco, California, US, on Friday, Nov. 10, 2023. The engagement between the top US and China economic officials this week marks the next step in a series of talks that have sought to improve testy ties between the world’s […]
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These luxury stocks won’t lose their luster even as sales growth slows to pre-pandemic levels
The binge on designer brands is over. After three years of record growth, luxury companies are feeling the pain as sales slow to a more normal pace. On Friday, an earnings report from Cartier owner Richemont offered up the latest evidence, and sent luxury stocks reeling. “I’d say a soft landing is our hope, but […]
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‘T-bill and chill’: Why Jack Bogle’s strategy of ‘lazy’ investing is making a comeback
Jack Bogle Mark Lennihan | AP Boring investing is making a comeback. With the meme-stock rally in the rearview mirror and interest rates surging, individual investors are rediscovering the philosophy made famous by Vanguard’s founder, Jack Bogle. The father of market indexes preached low-cost, passive investments that compound over years. Fans call themselves “Bogleheads,” and […]
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Most travelers say they’ll prioritize travel no matter what happens, says Tripadvisor’s Matt Goldberg
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Matt Goldberg, president and CEO of Tripadvisor, joins ‘The Exchange’ to discuss the company’s earnings results, consumer travel trends, and more. Source
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Elon Musk biopic rights clinched by A24, Darren Aronofsky to direct: Reuters source
Elon Musk, chief executive officer of Tesla, at the Viva Tech fair in Paris, France, on Friday, June 16, 2023. Nathan Laine | Bloomberg | Getty Images A biopic on Elon Musk is in the works at New York-based studio A24 with “Black Swan”-filmmaker Darren Aronofsky as the director, according to a source familiar with […]
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Oil is struggling this week but could be primed for a near-term bounce, analysts say
Brent and U.S. crude futures were trading slightly higher Friday as the markets try to settle on a price that balances demand and war fears. Source
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Shares of ed-tech corporation 2U plummet just about 60%, falling under $1 on Nasdaq
Shares of online education and learning company 2U plummeted about 60% on Friday, slipping under $1, just after a problematic forecast and indications that some universities are terminating their contracts. 2U, which allows companies present digital applications to pupils, posted a net decline of $47.4 million for the third quarter. Its altered decline of 15 […]
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Ron Baron expects SpaceX’s Starlink to go public around 2027
Billionaire investor Ron Baron told CNBC on Friday that he expects SpaceX to IPO its Starlink satellite internet service “in 2027 or so.” “We think that by the time they go public with SpaceX, with Starlink … in 2027 or so, four years, the company will be worth $250 billion to $300 billion,” Baron said, […]
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Trade Desk shares fall 19% on lower guidance
Jeff Green, CEO of The Trade Desk. Scott Mlyn | CNBC Shares of digital ad company The Trade Desk fell 19% Friday morning, a day after the company reported third-quarter results and issued weak revenue guidance. The company estimates revenue of at least $580 million during the fourth quarter, but analysts were looking for $610 […]
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