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    In this article MRVL ULTA MRNA PTON DIDI DOCU VIDEO1:3301:33News Update – Pre-MarketsNews BriefingCheck out the companies making headlines before the bell Friday: DocuSign (DOCU) - The software stock sank 32% after its fourth-quarter sales guidance came in at a range of $557 million to $563 million. Analysts surveyed by Refinitiv were expecting $573.8 million. Didi Global (DIDI) - Shares of the Chinese ride-hailing firm dropped 10% in premarket trading after Didi announced that it would delist from the New York Stock Exchange and pursue a listing in Hong Kong. Peloton (PTON) - The exercise equipment stock gained 2.5% before the bell following an initiation at buy from Deutsche Bank. The investment firm said that Peloton's upside now outweighed its risks after a rough stretch for the stock. Moderna (MRNA) - The volatile shares of the vaccine maker jumped 5% as the Wall Street Journal reported that the Food and Drug Administration is working toward a quick review process for updated Covid shots. Ulta Beauty (ULTA) - The cosmetics retailer's stock rose more than 5% after a stronger-than-expected third-quarter...
    PHOENIX — Draymond Green pulled up, exhausted, and watched as the nail dig into the coffin of the Warriors’ seven-game winning streak and their claim to sole possession of the NBA’s best record. Jae Crowder’s 3-pointer with 3:47 to go sealed the Warriors’ fate in a 104-96 loss to the Phoenix Suns in a matchup of the NBA’s top two teams that lived up to its billing. Green had just run the length of the court and back two times but failed to complete either of his attempts at the rim that could have stemmed the Suns’ game-clinching run. Instead, all he could was watch. Crowder’s 3 was the clincher in a 24-18 fourth quarter that gave the Suns their 18th consecutive win and pulled them even with Golden State atop the Western Conference standings at 18-3. Tuesday’s game was more than just an early season matchup for supremacy in the West. It was a battle of one team vying to regain its position and another looking to replicate the former’s dynastic reign. Suns coach Monty...
    Aaron Rodgers withstood pain from a toe injury, threw two touchdown passes and also ran for a score in the Green Bay Packers’ 36-28 victory over the Los Angeles Rams on Sunday at Lambeau Field. The Rams outscored the Packers 11-0 in the fourth quarter, but their comeback attempt ended when Adrian Amos recovered an onside kick with 17 seconds left. Rodgers went 28 of 45 for 307 yards as the Packers bounced back from a 34-31 loss at Minnesota. The reigning MVP threw touchdown passes of 7 yards to Randall Cobb and 5 yards to A.J. Dillon. The Packers (9-3) never have lost consecutive games within the same season during Matt LaFleur’s three-year coaching tenure. Rodgers, who didn’t practice all week, said he has a fractured pinky toe. The injury caused him to practice just once in the week leading up to his 385-yard, four-touchdown performance at Minnesota. The Rams (7-4) dropped their third straight game and continually made mistakes to create scoring opportunities for the Packers, who scored 16 points off three Rams...
    The Warriors have been here so many times that it’s a huge part of their script. The inevitability of it all doesn’t negate how remarkable their comebacks are. Falling into a 19-point deficit to the Philadelphia 76ers in the second quarter, the Warriors knew the adjustments they needed to make: tighten the grip on defense, get easy buckets in transition, and put the game out of reach. Led by the infectious energy and defense of Andrew Wiggins and Juan Toscano-Anderson, the Warriors took the lead in the third quarter and rolled to a 116-96 win at Chase. Here are a few observations from the fifth straight win and 12th in the last 13 games for the Warriors (16-2): Caught Slipping The Sixers jumped the Warriors in the first quarter with a 20-4 run. This run was attributable more to what Golden State failed to do than what Philadelphia did. Defensively, the Warriors were out of sync. Rotations were missed. The Sixers were getting any and everything they wanted out of an ineffective zone. And not...
    New York (CNN Business)US price surges eased in the third quarter of the year. A key measure of inflation grew at annualized rate of 5.3% in the third quarter of the year, data from the Bureau of Economic Analysis showed Wednesday. That compares with an increase of 6.5% in the second quarter.The same report updated the pace of US economic growth between July and September to 2.1% on an annualized basis. An initial report last month said the economy had grown at a rate of 2% last quarter.This is a developing story. It will be updated
    Getty The Lakers had a terrible third-quarter performance in a loss to Minnesota last Friday Of all the problems that have dogged the Lakers here in the early part of the NBA season, whether it is the injuries or the shooting or the lack of chemistry the team has shown, the one that should be the most worrisome is the one that keeps costing them, game after game: the third quarter. The Lakers are a terrible third-quarter team. They are a minus-89 in the third, worst in the NBA. When it comes to advanced stats, their offensive rating in the third is 97.9 and their defensive rating is 120.6, putting their net rating in the third quarter at minus-22.6. That is 29th, with the only team worse being the lowly Rockets. In fact, the other three teams at the bottom of the third-quarter stats—Houston, New Orleans and Detroit—have a combined record of 6-36. It’s almost a miracle that the Lakers can be as bad as they are in the third quarter and still be over .500. Up next...
    Getty Anthony Davis believes the Lakers have a lot to work on. Anthony Davis did not hold back after the Los Angeles Lakers’ “embarrassing” 24-point loss to the Minnesota Timberwolves. Davis was as candid as the big man has been so far this season admitting the Lakers “sucked” against the Timberwolves. “We sucked, no defense, can’t score,” Davis stated bluntly in his postgame press conference. “That’s not [just] this third quarter, [it’s] every third quarter that we play this season. We come out slow, lackadaisical offensively and defensively. We got to get it together, why? I can’t tell you, but we have to do a better job. I mean, we scored 12 points in the third quarter, they scored 40. That’s the game right there. We got to do a better job [of] coming out in the third [quarter].” ALL the latest Los Angeles Lakers news straight to your inbox! Join the Heavy on Lakers newsletter here! Join Heavy on Lakers! A.D. on Lakers: ‘We’re Not Winning a Championship the Way We’re Playing’Davis led the Lakers in...
    CHARLOTTE — At 11-1, the Warriors are the hottest team in basketball and off to their best start since that time they set an NBA record with 73 regular season wins. However, with the easiest schedule in the league, coming off eight straight at home, it’s easy to write off the Warriors’ early success as a product of favorable opponents and some general good fortune. Golden State’s players understand the context. But these Warriors are no fluke, at least according to these numbers. Third-quarter theatrics A staple of the great Warriors teams has been their ability to separate after halftime, and this year is no different. Golden State is outscoring its opponents 362-257 in the third quarter, or an average margin of almost nine points. The Warriors have taken leads into halftime in only seven of their contests, but we know they’ve only lost one of them (and they led at halftime in that one). Thank the third quarter — and the Warriors’ style of play that sets up their success. “I just think our...
    In this article WRBYCo-CEOs, Neil Blumenthal & Dave Gilboa of Warby Parker at the NYSE, September 29, 2021.Source: NYSEWarby Parker reported Friday that its third-quarter revenue rose 32% from year-ago levels, but its losses widened as costs associated with its recent direct listing and stock-based compensation ate into sales. The eyeglasses maker's shares were unchanged in premarket trading following Warby's first financial report as a public company. It went public on the New York Stock Exchange via a direct listing on Sept. 29. Warby's net loss for the three-month period ended Sept. 30 grew to $91.1 million, or $1.45 per share, compared with a loss of $41.6 million, or 78 cents a share, a year earlier. Revenue grew 32% to $137.4 million from $104.1 million. Sales were up 45% on a two-year basis. The company said active customers totaled 2.15 million, up 23% from 2020 levels. For the full year, Warby expects revenue to be between $539.5 million and $542 million, representing as much as a 38% jump from a year earlier, or 46% growth on a two-year basis. The...
    In this article MAPS RIDE BLNK LAZR Workers install door hinges to the body shell of a prototype Endurance electric pickup truck on June 21, 2021 at Lordstown Motors' assembly plant in Ohio.Michael Wayland / CNBCCheck out the stocks making headlines in extended trading on Thursday. Blink Charging - The electric vehicle charging stock rose 5% after Blink announced that its revenue grew faster than expected in the third quarter. The company reported $6.4 million in revenue, well ahead of the $4.7 million expected by analysts, according to Refinitiv. Losses were wider than expected, however. Lordstown Motors - Shares of the auto startup were down 7% in extended trading after the company reported another quarter with no revenue. Lordstown said it plans to produce and deliver its Endurance truck in the third quarter of 2022. The company's loss-per-share was smaller-than-expected in its most recent quarter, according to Refinitiv. WM Technology - The software stock tied to the cannabis industry fell 12% after third-quarter results missed expectations on the top and bottom lines for the third quarter, according to StreetAccount....
    By Anna Bahney | CNN Business The median price of single-family existing homes rose in nearly all — 99% — of the 183 markets tracked by the National Association of Realtors in the third quarter, with double-digit price increases seen in 78% of the markets. But the stratospheric surges in prices have slowed a bit from earlier this year, according to NAR’s quarterly home price report, released Wednesday. The median home price was up 16% to $363,700 in the third quarter from a year ago, a slower clip than the 22.9% jump in the second quarter. “Home prices are continuing to move upward, but the rate at which they ascended slowed in the third quarter,” said Lawrence Yun, NAR’s chief economist. Continued strong demand from homebuyers and historically low inventory at a time when mortgage interest rates are expected to rise helped to push prices higher in nearly all of the markets that NAR measured. “I expect more homes to hit the market as early as next year, and that additional inventory, combined with higher mortgage rates, should markedly reduce...
    In this article BABA BMBL RIVN BYND The New York Stock Exchange welcomes The Walt Disney Company (NYSE: DIS), today, Tuesday, May 4, 2021, in honor of Star Wars Day.Source: NYSECheck out the companies making headlines in midday trading. Rivian Automotive — Shares of the newly public electric vehicle start-up soared 22% in its second day of trading. This follows the company's market debut where it rallied 29%. The company already has a market valuation larger than Ford and General Motors. Disney — Disney shares fell more than 6% after the media giant missed on the top and bottom lines of its quarterly results. Disney+ subscribers also came in short of estimates. Beyond Meat — The alternative meat company whiffed on estimates for the third quarter, sending its stock down 13%. Investment firm Bernstein downgraded Beyond Meat to market perform after the quarterly report, saying there was too much uncertainty around demand for investors to buy the dip. The Honest Company — The consumer goods stock rose 12% after The Honest Company's third-quarter sales came in at $82.7 million,...
    In this article PYPLThe PayPal application can be seen on a mobile phone.Felix Kästle | picture alliance | Getty ImagesPayPal said on Monday that revenue in the third-quarter climbed 13%, but the company reduced its forecast for the year on economic concerns. Here's how the company did versus expectations: Earnings per share: $1.11, adjusted, vs. $1.07 expected in a Refinitiv survey of analysts Revenue: $6.18 billion vs. $6.23 billion expected Revenue increased 13% from a year earlier in the quarter that ended Sep. 30, PayPal said in a statement. Total payment volume rose 26% to $310 billion, and the company added 13.3 million net new active accounts, bringing the total to 416. PayPal's Venmo app, which began supporting cryptocurrency services in April, saw payment volume jump 36% to $60 billion. The mobile payments company made a big push into crypto in the last year, allowing users in the U.S. to buy, sell, and check out with cryptocurrencies. With its network of 32 million retailers, PayPal's crypto ambitions have positioned the company as a rival to...
    Peloton shares plunged 24% on Thursday after the company reported a net loss of $376 million in its third quarter, as the company struggles to recover from a voluntary treadmill recall sparked by an infant's death and 29 other injuries. Meanwhile, Airbnb profits have skyrocketed in the third quarter by $2.24 billion, or a whopping 280%, as more guests are comfortable traveling again. Other digital companies seeing significant changes in third quarter results include Uber, which lost $2.4 billion due to a drop in the value of its investment holdings in other ride-sharing apps. Lyft also saw a drop in third-quarter revenue, as losses came in at $71.5 million. Peloton is searching for ways to keep revenue growing and find new customers, which has been particularly difficult after recalling their treadmill earlier this year due to the death of a child pulled under its belt, and the injuries of 29 others. Peloton shares took a steep drop by 24% on Thursday after the company reported a net loss of $376 million in its third quarter Peloton shares fell between July...
    Apartment rents in the D.C. metro plunged in 2020 and vacancy rates soared as many renters financially impacted by the pandemic moved home, doubled or tripled up with roommates or downsized. Now the opposite is happening. Commercial real estate research firm Delta Associates reports average rents for all apartment classes in the third quarter in the D.C. metro were up 7.6% from a year earlier. For Class A apartment properties, or higher-end, amenity-rich buildings, average rents are up 9.1%. Many of those Class A properties are all the new buildings that have come on the market in recent years. More Business News More Real Estate News Well-paid renters want and can afford those amenities, but Delta Associates says demand may have to do with the pandemic. “The idea of moving into a brand new apartment that no one has lived in before, has its appeal for people looking to relocate during the pandemic,” said Will Rich, president at Delta Associates. The D.C. region’s hottest apartment markets based on demand, and how quickly apartment buildings lease up, tend to...
    In this article AMZNAndy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021.David Ryder | Bloomberg | Getty ImagesAmazon will report third-quarter earnings after the market close on Thursday. Here's what analysts are expecting: Earnings: $8.92 per share, according to analysts surveyed by Refinitiv Revenue: $111.6 billion, according to analysts surveyed by Refinitiv Amazon faces numerous challenges, including global supply chain constraints along with rising labor and logistics costs. It also has to contend with tough comparisons to its financials from a year ago, when the pandemic spurred a surge in e-commerce. In its last earnings report, Amazon issued conservative sales guidance for the current quarter, reflecting the company's expectations that more shoppers are heading back to stores and are spending on other things like travel. Amazon's third-quarter report is expected to show revenue growth of 16% from a year earlier. That's a deceleration from the first and second quarters, when growth was 44% and 27%, respectively. To cope with supply chain challenges, Amazon said...
    In this article F TDOC AAPL AMZN PJC Ford Motor Co. CEO Jim Farley walks to speak at a news conference at the Rouge Complex in Dearborn, Michigan, September 17, 2020.Rebecca Cook | ReutersCheck out the companies making headlines in midday trading. Ford Motor — Shares of the automaker soared more than 9% after a stellar earnings report. Ford Motor, which reported earnings Wednesday, nearly doubled Wall Street's earnings expectations and slightly beat revenue projections for the third quarter. The automaker also increased its annual guidance for the second time this year. eBay — The e-commerce company's stock fell roughly 6.3% after a weak fourth-quarter revenue guidance. eBay topped earnings expectations by 1 cent per share and beat revenue estimates, according to Refinitiv, however. Tesla — Shares of Tesla continued climbing as Piper Sandler hiked its price target on the electric vehicle stock to a new Street high. The stock traded up 3.2%. Piper Sandler raised its share price forecast to $1,300 from $1,200, implying 25% potential upside from Wednesday's close. Apple, Amazon — Big Tech names Apple and Amazon traded higher...
    BREAKING THIS AM… THE ECONOMY IS SLOWING DRAMATICALLY… WAPO: U.S. economy grew at annual rate of 2% in the third quarter, as delta variant pulled back progress The U.S. economy grew at an annual rate of 2 percent in the third quarter, in the latest sign of how the recent delta variant of the coronavirus held back the economic recovery.
    In this article CMCSABrian Roberts, Chairman and CEO of ComcastDavid A. Grogan | CNBCComcast will report third-quarter earnings before the bell Thursday. Here's what analysts are expecting: Earnings: $0.75 per share adjusted, according to Refinitiv Revenue: $29.87 billion, according to Refinitiv High-speed internet customers: 296,000 net additions, according to StreetAccount Comcast added 354,000 new high-speed internet customers last quarter, a record gain for the second quarter. During the year-ago quarter, the company added 633,000 new customers. Comcast CFO Michael Cavanagh warned in September that the company expects lower broadband additions, a move that briefly sent the company's stock down. Analysts have adjusted their forecasts. Sign-ups for NBCUniversal's Peacock is another metric analysts are watching. During the year-ago quarter the platform had roughly 22 million sign-ups and 54 million as of July. The streaming service offers both paid and free options to customers. Analysts expect 17% year-over-year revenue growth, according to Refinitiv. Executives will discuss the results and issue guidance on a conference call starting at 8:30 a.m. ET. Disclosure: Comcast is the owner of NBCUniversal, the...
    In this article FThe badge of a Ford Motor Co. E-Transit electric vehicle during a presentation in Washington, D.C., U.S., on Wednesday, July 28, 2021.Al Drago | Bloomberg | Getty ImagesDETROIT – Ford Motor is announcing third-quarter earnings after the markets close Wednesday. Here's what Wall Street expects, based on average analysts' estimates compiled by Refinitiv. Adjusted EPS: 27 cents a share Automotive revenue: $32.54 billion In July, Ford raised its guidance for the year, but warned investors the second half of the year would be weaker than the first regarding its operating profit, which was at $5.9 billion through June. At that time, the company said full-year adjusted earnings before taxes would be between $9 billion and $10 billion and adjusted free cash flow of between $4 billion and $5 billion. The company increased annual guidance despite losing roughly half of its production in the second quarter due to an ongoing global shortage of semiconductor chips. Ford's supply of the parts was expected to improve during the third-quarter. CFO John Lawler cited $3 billion to $4...
    Containers are stacked on the deck of cargo ship Seamax New Haven as it is under way in New York Harbor in New York City, U.S. October 13, 2021.Brendan McDermid | Reuters The U.S. economic recovery slowed sharply in the previous three months, as products remained stranded at normally bustling ports, employers struggled to find workers and consumers battled with rising prices. When the Commerce Department releases its first estimate Thursday for third-quarter annualized gross domestic product growth, it likely will show an increase of just 2.8%, according to Dow Jones estimates. While that kind of number would have seemed perfectly fine in pre-Covid times, it actually would be the slowest pace since the recovery began in April 2020 off the shortest but steepest recession in U.S. history. Moreover, there's a chance that the economy didn't grow at all in the quarter – the Atlanta Fed's GDPNow tracker lowered its estimate to 0.2%, with the most recent downgrade the result of a lowered outlook for government spending and real net exports.VIDEO3:4803:48CNBC Rapid Update shows better Q4 GDP growth forecastsSquawk BoxEconomists,...
    New York (CNN Business)From supply chain chaos to worker shortages, America's economic recovery ran into some serious challenges in the third quarter of the year.Economists polled by Refinitiv expect that between July and September America's economy grew at the slowest pace since the recovery began — an annualized rate of 2.7% — and a massive step down from the 6.7% rate in the spring. At 2.7%, the pace of US gross domestic product growth, the broadest measure of economic activity, would pretty much be where it was before the pandemic. The growth rate in the third quarter of 2019, for example, was 2.8%. So it's not ... terrible. It's just bad news by recovery standards.But the Federal Reserve Bank of Atlanta's GDPNow model looks even more dire, projecting an annualized growth rate of only 0.5% in the third quarter.Read More"Supply chain bottlenecks sharply curtailed activity last quarter despite the massive stimulus spending," said economists at Action Economics.For the Biden administration, it means the White House and lawmakers have their work cut out for them to get the recovery back on...
    Toy giant Hasbro says supply chain disruptions prevented it from fulfilling $100million worth of toy orders during the third quarter. The toys, which were initially set to be delivered within the third quarter, ending September 26, were pushed into the fourth quarter, hurting the company’s latest bottom line. But Hasbro - one of the world's largest toymakers - still prospered, bringing in $1.97billion in revenue during the third quarter, an 11 per cent spike over 2020's third quarter revenue of $1.78billion. Executives said they plan to grow the company's revenue by an additional 13- 16 per cent by yearend. Deborah Thomas, Hasbro’s chief financial officer, said 40 per cent of the company’s retail inventory – which includes My Little Pony, Transformers, Play-Doh, Baby Alive and more -was stuck in transit at the end of the third-quarter. Her comments come as California’s Los Angeles and Long Beach ports – which move about 40 per cent of shipped cargo entering the US – continue to grapple with an historic container ship backlog. Habsbro shared the results of its third-quarter earnings during an...
    In this article GOOGLGoogle CEO Sundar Pichai speaks during the Google I/O keynote session at Shoreline Amphitheatre in Mountain View, California on May 7, 2019.Josh Edelson | AFP | Getty ImagesAlphabet will report third-quarter earnings after the bell. Here's what Wall Street is expecting: Earnings per share (EPS): $23.48 per share, according to Refinitiv estimates. Revenue: $63.34 billion, according to Refinitiv estimates. YouTube advertising revenue: $7.4 billion, according to StreetAccount estimates. Google Cloud revenue: $5.07 billion, according to StreetAccount estimates. Traffic acquisition costs (TAC): $11.16 billion, according to Street Account estimates. Google's core advertising business has enjoyed record revenue growth in recent quarters as economies reopened from the pandemic, but analysts are focused on how supply shortages and privacy changes implemented by Apple are affecting spending. Earlier this year, Apple added prompts in iOS 14 that allow users to keep from being targeted with ads on apps. Snap and Facebook both cited those changes as the biggest reason for business disruptions in the latest quarter. While Google is better shielded than those companies because...
    (CNN) — Hasbro brushed off global supply chain concerns and reported solid sales and earnings for the third quarter, thanks in large part to strong demand for its Dungeons & Dragons and Magic: The Gathering role playing games. The Pawtucket, Rhode Island-based toy giant said Tuesday that third quarter revenue was up 11% from a year ago, in line with forecasts. Earnings easily topped Wall Street’s estimates. Shares of Hasbro rose nearly 3% Tuesday. READ MORE: Safest States In America: All Of New England Ranked In Top 10Sales surged 32% at its Wizards of the Coast and Digital Gaming unit, which includes the popular D&D and Magic games. Hasbro’s rapidly growing entertainment business, which produces a My Little Pony show for Netflix and owns the popular Peppa Pig and PJ Masks brands, soared 76%. The good news from Hasbro comes just a week after toy rival Mattel reported healthy sales and gave an upbeat outlook for the fourth quarter holiday shopping season. But Hasbro is also dealing with the loss of its long-time chairman and CEO Brian Goldner, who died...
    New York (CNN Business)Hasbro brushed off global supply chain concerns and reported solid sales and earnings for the third quarter, thanks in large part to strong demand for its Dungeons & Dragons and Magic: The Gathering role playing games.The toy giant said Tuesday that third quarter revenue was up 11% from a year ago, in line with forecasts. Earnings easily topped Wall Street's estimates. Shares of Hasbro (HAS) rose nearly 3% Tuesday.Sales surged 32% at its Wizards of the Coast and Digital Gaming unit, which includes the popular D&D and Magic games. Hasbro's rapidly growing entertainment business, which produces a My Little Pony show for Netflix (NFLX) and owns the popular Peppa Pig and PJ Masks brands, soared 76%.The good news from Hasbro comes just a week after toy rival Mattel (MAT) reported healthy sales and gave an upbeat outlook for the fourth quarter holiday shopping season. But Hasbro is also dealing with the loss of its long-time chairman and CEO Brian Goldner, who died last week at the age of 58...just days after the company announced he would be...
    Younger adults made up a higher share of COVID-19-related hospitalizations during the Delta variant-fueled summer surge, a new Centers for Disease Control and Prevention (CDC) report finds.  The report, published on Friday, found that Americans aged 18 to 49 made up 35.8 percent of Covid hospitalizations during what is considered the 'Delta period.' This is a sharp increase from the 24.7 percent of hospitalizations this age group made up in the pre-Delta period. The rise was almost entirely felt by the unvaccinated, though, with 18-to-49-year-olds accounting for 26.9 percent of hospitalizations among people who had not received the jab in the pre-Delta period and 43.6 percent during the Delta period. Researchers say this data highlights the need for young adults - who are less likely to have received the Covid jab - to get the shots. People aged 18 to 49 made up 35% of all hospitalizations during the Delta variant period, with their share of the burden increasing from 24.7% to 35.8%. This shift was entirely among unvaccinated young people Researchers also found that the Delta variant does not...
    In this article CROX DWAC TSLA Pedestrians walk in front of the IBM building in New York.Scott Mlyn | CNBCHere are the stocks making notable moves in midday trading: IBM – Shares of IBM lost more than 8% following after it issued third-quarter results late Wednesday that included a revenue miss as well as a slight beat on earnings. Its top two business segments — global services and the Cloud & Cognitive Software business — fell short of estimates. Tesla – The electric vehicle maker gained nearly 3% after it posted record earnings and revenue for the third quarter that beat expectations. The results were driven by improved gross margins on its automotive business and overall. Tenet Healthcare - Shares of the health care company rose about 6.5% after beating on the top and bottom lines of its quarterly results. Tenet reported earnings of $1.99 per share on revenue of $4.89 billion. Wall Street expected earnings of $1.02 per share on revenue of $4.81 billion, according to Refinitiv. The company said many of its hospitals' volume were at more...
    In this article TSLATesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014.Lucy Nicholson | ReutersTesla reports third-quarter results on Wednesday after the bell. Here's what analysts are expecting: Earnings per share (adjusted): $1.59 expected per Refinitiv Revenue: $13.63 billion expected per Refinitiv The company previously reported deliveries of 241,300 electric vehicles and production of 237,823 vehicles during the period ending September 30, 2021. Unlike other automakers, Tesla's sales rose during the quarter, setting a new company record, despite chip shortages and supply chain challenges weighing on the industry. (Deliveries are the closest approximation of sales that Tesla reports.) Last quarter, CEO Elon Musk said he would no longer lead earnings calls by default. He may choose not to address shareholders and analysts on Wednesday, which would surely disappoint his fans. Investors submitted questions to Say Technologies, a site Tesla uses to poll shareholders ahead of earnings calls, seeking updates on the now-delayed Cybertruck, Tesla's 4680 battery cells, and whether a $25,000 electric car, which Musk teased last year, is still...
    Defund the Police sympathizers from the so-called “squad” reportedly spent nearly $100,000 on private security during the last filing quarter with the Federal Election Commission (FEC). The FEC reports analyzed by Fox News revealed Rep. Alexandria Ocasio-Cortez (D-NY) spent over $10,000 on private during the third quarter alone. Ocasio-Cortez used a wide array of firms: Cest Bond Collective, Three Bridges NY LLC, and Tullis World Wide Protection. Rep. Ayanna Pressley (D-MA), who also used personal security funded by her campaign, spent almost $4,000 with Ware Security Consultants Inc., according to the report. Rep. Ilhan Omar (D-MN) and Rep. Ayanna Pressley (D-MA) stand near the headwaters of the Mississippi River, September 4, 2021, in Park Rapids, Minnesota. (Stephen Maturen/Getty Images) However, both Ocasio-Cortez and Pressley’s spending on private security were outweighed by both Reps. Ilhan Omar (D-MN) and Cori Bush (D-MO). The FEC reports filed by the Minnesota Democrat show the congresswoman, who called the Minneapolis Police Department “rotten to the root” last year and said, “defund the police” is “not a slogan but a policy demand,” reportedly spent more than $22,000 on private security form two firms: Aegis Logistics LLC and Lloyd...
    In this article OMC IBKR NFLX UAL Mario Tama | Getty Images News | Getty ImagesCheck out the companies making headlines after the bell:  United Airlines — Shares of United added about 2% in after-hours trading following the airline's better-than-expected financial results as travel rebounded in the third quarter. United posted a loss of $1.02 per share, narrower than the $1.67 loss per share expected, according to Refinitiv. The company's revenue also came in higher than estimated. Netflix — Netflix shares whipsawed in extended trading after the streaming giant beat Wall Street estimates on earnings and subscriber growth. The company reported profit of $3.19 per share versus the Refinitiv consensus of $2.56 per share. Netflix also saw 4.4 million global paid net subscriber additions in the third quarter, solidly beating the StreetAccount estimate of 3.84 million. Interactive Brokers — Shares of Interactive Brokers fell about 1% after hours despite an earnings beat. The financial services company reported profit of 78 cents per share versus 76 cents expected, according to Refinitiv. Omnicom Group — Omnicom Group shares slipped more than...
    In this article NFLXCo-founder and director of Netflix Reed Hastings delivers a speech as he inaugurates the new offices of Netflix France, in Paris on January 17, 2020.Christophe Archambault | AFP | Getty ImagesNetflix is set to report third-quarter earnings after-the-bell on Tuesday. Here's what analysts are expecting: Earnings per share (EPS): $2.56 according to Refinitiv survey of analysts Revenue: $7.48 billion, according to Refinitiv Global paid net subscriber additions: 3.84 million, according to StreetAccount Netflix is expected to report 3.84 million global paid net subscriber adds, according to StreetAccount estimates. The company is positioned to report $2.56 earnings per share on $7.48 billion in revenue, according to Refinitiv estimates. Netflix added 1.54 million users in its second quarter, beating out expectations. But most analysts already had their eyes set on its third-quarter report, since the company would be kicking off a slate of widely anticipated content. Because of the Covid-19 pandemic, a large amount of films and shows had been pushed back into the second half of this year and next year. Many analysts already appear...
    Hong Kong (CNN Business)China's economy grew just 4.9% in the third quarter of 2021, the weakest rate of expansion in a year as the country contended with a major energy crunch, supply chain disruptions, and deepening debt woes in its outsized property sector. The rate of growth from a year ago in the July-to-September period was much slower than the 7.9% year-on-year increase China registered in the second quarter. It's also the weakest rate since the third quarter of 2020, when GDP also grew 4.9% year-on-year. This is a developing story and will be updated.
    In this article GS GSBD David Solomon, chief executive officer of Goldman Sachs & Co., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019.Kyle Grillot | Bloomberg | Getty ImagesGoldman Sachs is scheduled to report third-quarter earnings before the opening bell Friday. Here's what Wall Street expects: Earnings: $10.11 per share, 13% higher than a year earlier, according to Refinitiv. Revenue: $11.67 billion, 8.3% higher than a year earlier. Investment Banking Revenue: $2.93 billion, according to StreetAccount estimates. Trading Revenue: Fixed Income: $1.97 billion, Equities: $2.08 billion, How will Goldman Sachs weather the decline in third-quarter bond trading revenue? That's a key question for Goldman, where trading makes up a bigger slice of revenues than at its big bank peers. However, CEO David Solomon has several levers to pull to offset a drop in fixed income revenue. Goldman has the world's premier investment banking franchise, where analysts expect strong revenue from mergers and IPO activity. Its wealth and asset management businesses should benefit from high equity values. And the...
    In this article WBA CAT UNH A ceremony to start manufacturing new CAT 777A haul trucks at the Caterpillar Tosno factory.Sergei Konkov | TASS | Getty ImagesHere are the stocks making notable moves on Thursday. UnitedHealth – Shares of the health insurer popped more than 4% following a blowout earnings report. UnitedHealth posted an EPS of $4.52 in the third quarter, 11 cents above analysts' estimate, according to Refinitiv. Its revenue also came in above expectations, while the company raised its full-year earnings forecast. Bank of America – Shares of the second-biggest U.S. bank by assets jumped nearly 3.3% after its third-quarter earnings and revenue exceeded analysts' expectations. Bank of America benefited from record advisory and asset management fees. Caterpillar – Shares of the manufacturing giant popped 2.7% in midday trading after Cowen initiated coverage of Caterpillar with an outperform rating. The Wall Street firm said it sees a "megacycle underway" for the equipment-maker. UPS – Shares of the shipping company rallied 3.8% in midday trading following an upgrade to buy from hold at Stifel. The Wall Street firm said...
    Wells Fargo signage on May 5th, 2021 in New York City.Bill Tompkins | Michael Ochs Archives | Getty Images Wells Fargo on Thursday posted a jump in profit in the third quarter, boosted by a release of its credit loss reserves as the recovery from the pandemic accelerated in 2021. Shares of the bank rose about 1% in premarket trading following the earnings release. Here's how the third-quarter compared with Wall Street estimates: Net income: $5.1 billion, a 59% increase from $3.2 billion during the same quarter a year ago. Earnings per share: $1.17 a share, a jump from EPS of 42 cents during the third quarter of 2020. It's unclear yet if the EPS was comparable to estimates. Revenue: $18.83 billion, compared to consensus estimate of $18.35 billion. Results were helped by a $1.65 billion reserve release that led to a $1.4 billion benefit after chargeoffs, the bank said in a release. Wells Fargo continued to release funds it had set aside during the pandemic to safeguard against widespread loan losses. The bank paid a $250 million...
    In this article CA Citibank sign in front of one of the company's offices in California.Justin Sullivan | Getty ImagesCitigroup is set to report its third-quarter earnings before the bell on Thursday. Wall Street is anticipating earnings per share of $1.65 on revenue of $16.97 billion, based on Refinitiv consensus estimates. Within that, analysts expect $3.07 billion in revenue from fixed income trading and $909.7 million in revenue from equities trading, according to StreetAccount estimates. In addition to the results, investors will be looking for Citi's expectations for the economic recovery, interest rates and loan creation. They will also be looking for new insight into CEO Jane Fraser's plan for the bank, which she took over earlier this year. For the second quarter quarter, Citi beat expectations on the top and bottom lines thanks in part to a $1.1 billion benefit for loan loss reserves. The bank also announced in April that it was exiting retail operations in 13 non-U.S. countries. On Wednesday, JPMorgan kicked off bank earnings season by beating profit expectations on a $1.5 billion boost from loan...
    In this article MSJames Gorman, chief executive officer of Morgan Stanley, speaks during a Bloomberg Television interview on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 24, 2019.Simon Dawson | Bloomberg | Getty ImagesMorgan Stanley is set to report third-quarter earnings before the opening bell on Thursday. Here's what Wall Street expects: Earnings: $1.68 a share, 1.5% higher than a year earlier, according to Refinitiv Revenue: $14 billion, 20% higher than a year earlier Wealth management: $6.18 billion, according to StreetAccount Trading: Equities $2.32 billion, Fixed Income $1.53 billion Investment Banking: $2.17 billion Morgan Stanley is well positioned for the moment. While rival banks have reported a slowdown in third-quarter fixed income trading revenue, Morgan Stanley's strength has traditionally been in its equities franchise, the biggest in the world. Another area that has flourished is investment banking, propelled by robust mergers and IPO activity, and Morgan Stanley is a top player there as well. Rival advisor JPMorgan Chase posted record investment banking fees in the third quarter. Finally, CEO James Gorman has fashioned his...
    In this article BACBank Of America CEO Brian Moynihan is interviewed by Jack Otter during "Barron's Roundtable" at Fox Business Network Studios on January 09, 2020 in New York City.John Lamparski | Getty ImagesBank of America is scheduled to report third-quarter earnings before the opening bell Thursday.Here's what Wall Street expects: Earnings: 71 cents a share, 39% higher than a year earlier, according to Refinitiv. Revenue: $21.8 billion, 6.5% higher than a year earlier. Net Interest Income: $10.6 billion on a reported basis, according to StreetAccount Trading Revenue: Fixed Income $1.93 billion, Equities $1.45 billion Investment Banking Revenue: $2 billion Has loan demand at Bank of America turned the corner? That's what analysts are wondering about the second-biggest U.S. lender by assets. Investors want to see loan growth improve from a weak first half of the year because that will help the bank produce more interest income. Like other lenders, Bank of America set aside billions of dollars for credit losses last year, when the industry anticipated a wave of defaults tied to the coronavirus...
    A cyclist rides on Esplanade bridge as buildings stand in the Central Business District in Singapore on Monday, July 6, 2020.Wei Leng Tay | Bloomberg | Getty Images SINGAPORE — Singapore's economy grew 6.5% in the third quarter of 2021 compared to a year ago, official advance estimates showed on Thursday. Analysts polled by Reuters had expected the Singapore economy to grow 6.6% year-on-year in the third quarter. On a quarter-on-quarter seasonally adjusted basis, the economy expanded by 0.8%, Singapore's Ministry for Trade and Industry said in a statement. In a separate release, the Monetary Authority of Singapore — the country's central bank — said it raised slightly the slope of its currency band, the Singapore dollar nominal effective exchange rate band. The width of the policy band and the level at which it is centered is unchanged, the central bank said. The MAS manages monetary policy through setting the exchange rate, rather than interest rates, by allowing the Singapore dollar to rise or fall within an undisclosed band against a basket of currencies. It adjusts the band through three...
    Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the Bloomberg Global Business Forum in New York, U.S., on Wednesday, Sept. 25, 2019.Tiffany Hagler-Geard | Bloomberg | Getty Images JPMorgan Chase is scheduled to report third-quarter earnings before the opening bell Wednesday Here's what Wall Street expects: Earnings: $3 per share, 2.6% higher than a year earlier, according to Refinitiv Revenue: $29.8 billion, 0.6% lower than a year earlier Net Interest Income: $12.98 billion on a reported basis, according to StreetAccount. Trading Revenue: Fixed income $3.73 billion, Equities $2.16 billion Investment Banking fees: $2.75 billion JPMorgan Chase, the first big bank to report third-quarter earnings, will be closely watched for signs of an inflection point in the industry's weak loan growth. Consumers and businesses have been flush with cash this year thanks to government stimulus efforts, paying down credit card balances and taking out fewer commercial loans. That prompted CEO Jamie Dimon to call loan demand "challenged" in April. Another area of interest will be the firm's Wall Street trading and advisory division....
    FIRST ON FOX: The Republican fundraising online platform WinRed helped GOP candidates raise $146 million in the third quarter of 2021 as the midterm elections and a chance for Republicans to take back the House and the Senate near.The total is $15 million more than WinRed's second-quarter tally and brings the total raised on the platform so far in 2021 to $401 million, according to numbers first shared with Fox News. "Up and down the ballot, WinRed continues to exceed expectations and deliver real results for campaigns and committees across the country. Ahead of the 2022 election, WinRed is putting the GOP on the right path to raise more money than ever before," WinRed President Gerrit Lansing said in a statement. WALKER OFF TO FAST START, HAULING IN $3.7M SINCE LAUNCHING SENATE BID The $146 million performance is likely to be significantly less than what WinRed's Democratic counterpart ActBlue brought in between July and September, as ActBlue has been around for much longer than WinRed and still routinely outraises its GOP competitor. But according to WinRed, it's raised a total...
    New York (CNN Business)US business leaders are still upbeat about the economic recovery. But they're not as confident as they were just a few months ago, and they blame the Delta variant and a super tight labor market for the drop in sentiment. The Conference Board, a leading business research think tank, reported Thursday a steep slide in its CEO confidence index for the third quarter. After hitting an all-time high of 82 in the second quarter on hopes that the United States had turned the corner on the pandemic, the index slid to 67 — a nearly 20% dip — in the third quarter. The good news is that a reading above 50 remains a sign of overall optimism. But the downward trend bears watching, especially since US consumer confidence also slumped earlier this summer. Low-wage workers are getting eye-popping pay raises, Goldman Sachs saysCovid-19 worries remain top of mind for America's titans of industry. Read More"CEO confidence is down from the all-time peak reached in Q2, when Covid-19 appeared on the verge of defeat," Dana Peterson, chief...
    In this article FThousands of Ford F-150s without chips are stored at Kentucky Speedway in Sparta, Kentucky, U.S., September 8, 2021.Jeff Dean | ReutersDETROIT – Ford Motor's U.S. vehicle sales showed signs of improvement during the third quarter, but still fell by 27.4% from last year as an ongoing shortage of semiconductor chips interrupted vehicle production. The drastic decline was narrower than auto forecasters expected, but wider than the overall industry that was estimated to be down between 13% and 14% from the same time last year. Cox Automotive expected Ford's sales to be down by 37.3% during the third quarter, while Edmunds forecast a 29.3% decline. A silver lining is Ford's sales improved during the quarter from losses of more than 30% in July and August to 17.7% in September, signaling better supply of semiconductor chips. Its vehicle inventory also improved to 236,000 cars and trucks, up 21,000 units compared with the start of September. Shares of Ford were up by more than 4% in trading Monday morning.VIDEO2:1302:13Ford's September U.S. sales down 17.7% vs. year agoSquawk on the StreetFord...
    Cardi B goes green in bizarre catsuit and ruffled bonnet look, plus more stars at Paris Fashion Week How To Turn Your $50K Salary Into a $1M Retirement Fund With a loaded defense and a rejuvenated Matthew Stafford leading a talented offense, the Los Angeles Rams emerged early as favorites to win a brutal NFC West.  The Arizona Cardinals have other ideas.  In a battle of 3-0 teams with first place on the line, it was the Cardinals who emerged on top on Sunday in overwhelming fashion. Led by quarterback Kyler Murray and a defense that frustrated and flustered Stafford, the Cardinals improved to 4-0 with a 37-20 win.  The Cardinals opened things up with a 17-point second quarter to take a 24-13 lead into halftime. After the break, they dominated. James Conner's second touchdown of the day late in the third quarter gave the Cardinals a 34-13 lead. When the Rams failed to score on their next possession after facing third-and-goal at the one-yard line, the game was effectively over.  © Provided by Yahoo! Sports INGLEWOOD, CALIFORNIA -...
    In this article TSLAThe logo of Tesla seen at one of its showroom. Tesla announced its Q1 2021 earnings today.Toby Scott | LightRocket | Getty ImagesTesla delivered 241,300 electric vehicles during the third quarter of 2021, the company reported Saturday. The quarter's deliveries topped expectations. Analysts predicted that Tesla would deliver around 220,900 electric cars during this period, according to estimates compiled by StreetAccount as of September 30. The company produced 237,823 cars in the period ending September 30, 2021, Tesla said in its report. Of that, 228,882 were its Model 3 and Y vehicles, its more affordable mid-range offerings. The remainder produced amounted to 8,941 of its Model S and X vehicles. Last quarter, Tesla delivered 201,250 vehicles and produced 206,421 cars, even as production of its Model S and X vehicles fell below 2,500. Tesla does not break out delivery numbers by model, nor does it report sales or production numbers from China versus the U.S. (Deliveries are the company's closest approximation of vehicle sales.) Elon Musk's electric vehicle maker now produces cars at its Shanghai plant, and U.S....
    A trader works inside a post on the floor of the New York Stock Exchange (NYSE), August 27, 2021.Brendan McDermid | Reuters After recent turbulence, markets are likely to close out the final week of the third quarter with another bout of volatility. Stocks posted big moves in the past week. First, fears of financial contagion coming from Chinese developer Evergrande sent stocks skidding Monday. Those losses were reversed by Thursday, when the market ripped higher. The S&P 500 and the Dow Jones Industrial Average were positive for the week, while the Nasdaq was flat. "I think this market turmoil has yet to conclude," CFRA chief investment strategist Sam Stovall said. "Certainly September is doing what it normally does. It frustrates investors." The three major stock indexes are also higher for the third quarter. Strategists say how the market trades in the coming week may be the most important development, after the wild swings in stocks and also the rapid rise in Treasury yields late in the week. The 10-year rate had shot up to 1.46% by Friday after trading...
    Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco, California on September 26, 2019.Philip Pacheco | AFP via Getty Images Uber on Tuesday revised its financial outlook for the third quarter, with bookings and adjusted profit now expected to be better than first reported. The San Francisco-headquartered firm said in an SEC filing that now expects to report between $22.8 billion and $23.2 billion in gross bookings for the current quarter, adjusted from the $22 billion to $24 billion it predicted on its second-quarter earnings call. Gross bookings for the second quarter came in at $21.5 billion, with mobility accounting for $8.6 billion and food delivery accounting for $12.9 billion. "They say that crisis breeds opportunity and that's certainly been true of Uber during the last 18 months," Uber CEO Dara Khosrowshahi said in the filing. It also said it now expects adjusted EBITDA (which refers to earnings before interest, taxes, depreciation and amortization) to come in between a loss of $25 million or a profit of $25 million. Uber previously said it expected its adjusted...
    Yolanda Hadid and Boyfriend Joseph Jingoli Wear the Same Sunflower-Embroidered Pants in N.Y.C. Stock futures dip after Dow notches three straight losing weeks for first time in 2021 © Provided by NBC Sports Replay Video SETTINGS OFF HD HQ SD LO Skip Ad The Falcons are not dead yet. Though Atlanta was down 28-10 early on in the third quarter, the team has scored a pair of touchdowns and a two-point conversion to cut Tampa Bay’s lead to 28-25. A facemask penalty put the Falcons at Tampa Bay’s 7-yard line. On the next play, quarterback Matt Ryan avoided a sack to get a pass off to running back Cordarrelle Patterson, who did the rest to take the ball in for a 7-yard touchdown. It was Patterson’s second score of the game, having run one in from 10-yards out in the first half. Ryan then kept a zone-read for a successful two-point conversion, leaping into the end zone to cut Tampa Bay’s lead to three points. On the injury front, Falcons cornerback A.J. Terrell is being evaluated for a concussion....
    COLLEGE PARK, Md. (AP) — Taulia Tagovailoa threw for 332 yards and three touchdowns, and Maryland topped turnover-prone West Virginia 30-24 on Saturday. With his brother Tua on the sideline watching, Tagovailoa threw touchdown passes of 66 yards to Dontay Demus, 18 yards to Chigoziem Okonkwo — and then a 60-yarder to Rakim Jarrett in the fourth quarter that gave the Terrapins (1-0) a 30-21 lead. READ MORE: A Weekend Of Service: With No Labor Day Parade, The ACLC Labor Day Weekend Of Service Helps The Community West Virginia (0-1) turned the ball over four times and lost despite holding Maryland without a first down in the third quarter. Leddie Brown scored three touchdowns for the Mountaineers, but his fumble late in the third was a turning point. West Virginia led 21-20 at the time, but after Brown’s fumble in Maryland territory, the Terrapins drove for a field goal. The Mountaineers then drove into the red zone, but Jarret Doege was intercepted in the end zone. West Virginia, which had the top-ranked pass defense in the nation last year, then...