Microsoft Xbox, Sony PlayStation, Nintendo: Video game earnings round-up

Microsoft Xbox, Sony PlayStation, Nintendo: Video game earnings round-up

A gamer plays on Sony’s Playstation 5 console at his home in Seoul. Yelim Lee | AFP via Getty Images The giants of the video game world saw their sales slide in the second quarter, as initial tailwinds from the Covid pandemic faded. In the three months ended June, Microsoft, Sony and Nintendo each posted … Read more

If this stock market is shaping up like 2008, here’s where we could be headed next, says strategist

If this stock market is shaping up like 2008, here's where we could be headed next, says strategist

Those looking for a bit of good news to start the week may have to cast the net further out. Stock futures are tilting lower as COVID-19 cases flare up in China, threatening more lockdowns. And the plate was already full for investors this week, with inflation one of several data points to watch, and … Read more

Another hot inflation report Q2 earnings make for difficult week ahead

Another hot inflation report Q2 earnings make for difficult week ahead

Traders on the floor of the NYSE, June 29, 2022. Source: NYSE Consumer inflation data and the start of the second quarter earnings season could be two catalysts that make for a bumpy ride in markets in the week ahead. PepsiCo’s earnings are the first major report of the week Tuesday, and Delta Air Lines … Read more

June jobs report is not expected to show an economic slowdown or a recession looming

June jobs report is not expected to show an economic slowdown or a recession looming

Part Owner and Executive Chef Steve Kemper, prepares food in the kitchen at the Go Fish! Seafood Restaurant and Sushi Bar in Sinking Spring, Pennsylvania, April 8, 2021. Ben Hasty | Media News Group | Reading Eagle via Getty Images June’s employment report is expected to show strong hiring continues across a broad range of … Read more

Bonds flash recession warning light as key part of the yield curve inverts again

Bonds flash recession warning light as key part of the yield curve inverts again

The bond market is flashing a warning that the economy may be falling or already has fallen into recession, according to one closely watched measure. Market pros watch the spread on the Treasury yield curve, or the difference between the longer duration Treasury yields and shorter duration yields. Normally, longer duration yields, like the yield … Read more

Recession fears flare and jobs report looms as markets head to Q3

Recession fears flare and jobs report looms as markets head to Q3

Investors are greeting the third quarter with greater trepidation about a recession, and that makes next Friday’s June jobs report a potentially bigger catalyst for markets than it might otherwise have been. The jobs report and Wednesday’s release of minutes from the Federal Reserve’s last interest rate meeting are expected to highlight the four-day, post-holiday … Read more

Chip shortage keeps driving up auto prices, cutting sales

used car sales

DETROIT– US new vehicle sales tumbled more than 21% in the second quarter compared with a year ago as the global semiconductor shortage continued to cause production problems for the industry. Yet demand still outstripped supply from April through June, even with $5 per gallon gasoline, high inflation and rising interest rates. The low supply … Read more

There may be another shoe to drop after Micron’s big outlook miss

There may be another shoe to drop after Micron's big outlook miss

Micron Technology Inc. delivered an outlook that fell far short of the consensus view, prompting questions about how the memory market will fare in a downturn. The company expects August-quarter revenue of $6.8 billion to $7.6 billion, whereas analysts tracked by FactSet had been modeling $9.15 billion. Micron’s chief executive acknowledged that “the industry demand … Read more

Bitcoin (BTC) posts worst quarter in more than a decade: 5 reasons why

Bitcoin (BTC) posts worst quarter in more than a decade: 5 reasons why

1.Macroeconomic pressure During the quarter, the US Federal Reserve carried out two aggressive interest rate hikes to battle rampant inflation. That has sparked fears of a recession in the US and other countries. It has also hit stocks, in particular high-growth technology names. The tech-heavy Nasdaq Composite is down 22.4% for the second quarter, its … Read more

Walgreens (WBA) Q3 2022 earnings

Walgreens (WBA) Q3 2022 earnings

The Walgreens store at State and Randolph Streets in Chicago. Nancy Stone | Chicago Tribune | Tribune News Service via Getty Images Walgreens Boots Alliance on Thursday reported quarterly sales and earnings that came in above expectations as its retail sales bounced back and online purchases grew. But shares were down by about 2% in … Read more