Yahoo finance news today11/8/2023 ![]() ![]() ( TSM) shares were up 6.3% after the company warned on Thursday of a revenue drop for the current quarter and could cut this year's capital expenditures compared to last year due to a slowing global economy. Yahoo Finance Live delivers up-to-the-minute market news and analysis to help investors make informed decisions. airports.Ĭontract chipmaker Taiwan Semiconductor Manufacturing Co. This follows the Federal Aviation Administration system outage on Wednesday that cascaded into a nationwide logjam at U.S. The company expects adjusted earnings per share of $1.12 to $1.17, up from a previous estimate of $0.50 to $0.70. Shares of KB Home ( KBH) fell nearly 2.8% after the homebuilder reported a miss on revenue and profits as net orders plunged and it dealt with a significant backlog of homes.Īmerican Airlines ( AAL) shares were up 9.7% after the carrier increased its guidance on earnings for the fourth quarter. In market-specific moves, shares of Disney ( DIS) rose 3.6% as the media giant faces an upcoming proxy battle as shareholders voted against activist investor Nelson Peltz in his effort to win a spot on the company’s board. counterpart, finished the day higher at $77.41. Stocks were mixed during Thursday's session, as the Nasdaq plummeted after Tesla ( TSLA) and Netflix ( NFLX) updates took the shine off the earnings season. Meanwhile, initial jobless claims in the first week of 2023 came in lower at 205,000 compared to expectations of 215,000, while continuing jobless claims also came down to 1.63 million compared to the prior week of 1.694 million.īrent crude, the global oil benchmark, ended the day at $84.03 a barrel, while WTI, its U.S. The Fed slowed down with a half-point rate move in December, but some market strategists say the fresh inflation data gives no indication whether or not the central bank will make changes to their interest rate decisions. ![]() Echoing those remarks, Philadelphia Fed President Patrick Harker said on Thursday that he thinks rate increases should be 25 basis points "going forward."įed policymakers have taken an aggressive path that included four consecutive three-quarter point adjustments. On Wednesday, Boston Federal Reserve leader Susan Collins supported a 0.25 point interest rate increase at the central bank’s next meeting. Fed Chair Jerome Powell stressed on Tuesday the importance of stable inflation, which could lead the central bank to take actions that are necessary, even if not popular. Central bankers have made clear they aren’t done with interest rates increases. The report will factor heavily into the Federal Reserve’s next monetary policy meeting, which starts Jan. The core CPI reading came in line as expected from Bloomberg economist forecasts. That was in line with expectations, as year-over-year inflation cooled from 7.1% a month earlier.Ĭore CPI, excluding volatile food and energy components, prices climbed 5.7% year-over-year and 0.3% over the prior month. The moves came after data from the Bureau of Labor Statistics showed prices in December decreased 0.1% over the prior month but increased 6.5% over the prior year. ![]()
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