Category: Financial News

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 am ET. Subscribe

Tuesday, Oct. 19, 2022

Today’s newsletter is by Brian Sozzian editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Read this and more market news on the go with Yahoo Finance App.

If you aren’t listening, you aren’t learning — this is a motto I have long modeled my life around.

So I put that into practical application at Yahoo Finance’s 9th annual All Markets Summit this week. Did I get every question I posited in these pages on Monday answered? Nope.

Were some questions dodged a little? Sure, my team and I spoke with a host of well-known public company CEOs weeks before they are set to report earnings. It’s not like someone is going

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This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 am ET. Subscribe

Thursday, July 28, 2022

Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn.

Stocks moved in one direction on Wednesday — higher.

When the closing bell rang, the Nasdaq was up over 4%, the S&P 500 had risen 2.6%, and the Dow was up 1.4%. This marked the Nasdaq’s biggest rally since November 2020.

Including Wednesday’s surge, the S&P 500 has gained more than 1% after each of the Fed’s last four meetings, all of which have included interest rate hikes from the central bank.

And since hitting its most recent low on June 16, the S&P 500 is now up 10%.

What ultimately moved markets on Wednesday was, as always,

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JGI/Jamie Grill | Tetra images | Getty Images

As the US economy shrinks for a second straight quarter — one definition of a recession — many Americans aren’t prepared for an economic downturn.

However, financial advisors say there’s plenty that is in your control.

Fewer than half of Americans feel “financially secure enough” for another recession, according to a survey from digital wealth manager Personal Capital.

Among those surveyed, the top fears include the inability to plan for the future, trouble paying bills or losing a job, the report found, polling roughly 1,000 cross-generation Americans in May 2022.

More from Personal Finance:
How investor portfolios are shifting as the Fed hikes rates
Gaps in access to paid leave lead to financial hardships
What the Fed’s interest rate hikes mean for you

However, the average emergency savings is roughly $7,600, according to the survey, which may be lower than needed. While

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Apple (AAPL) released its Q3 earnings on Thursday, beating analysts’ expectations with record revenue of $83 billion despite fears of rising inflation.

Here are the most important numbers from the report, and how they compare to Wall Street’s expectations, as compiled by Bloomberg.

  • Revenue: $83 billion versus $82.7 billion expected

  • Earnings per share: $1.20 versus $1.16 expected

  • iPhone revenue: $40.7 billion versus $38.9 billion expected

  • iPad revenue: $7.22 billion versus $6.9 billion expected

  • Mac revenue: $7.4 billion versus $8.4 billion expected

  • Wearables revenue: $8.1 billion versus $8.8 billion expected

  • Services revenue: $19.6 billion billion versus $19.7 billion expected

Apple’s stock was up more than 3% after the report.

“Our June quarter results continued to demonstrate our ability to manage our business effectively despite the challenging operating environment. We set a June quarter revenue record and our installed base of active devices reached an all-time high in every geographic segment and

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