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favicon morningstar.com —  2+ hour, 22+ min ago

Amazon's entertainment leader Jeff Blackburn is leaving the company: WSJ

morningstar.com > news

...executive Jeff Blackburn, who played a key role in the e-commerce giant's push into entertainment, is leaving the company, the Wall Street Journal... ...Amazon stock was down about 1% Friday, and has lost 43% in the year to date, while the S&P 500 has fallen 15%...

favicon morningstar.com —  7+ hour, 36+ min ago

Zscaler stock drops 10% on conservative guidance, as it's taking longer to close deals

morningstar.com > news

...By Wallace Witkowski Deals are taking about 4 months longer than usual to close, company admits Zscaler Inc. stock fell in the extended session Thursday... ...Remo Canessa, Zscaler's chief financial officer, told analysts on a conference call Thursday that the company's billings duration was above average...

favicon morningstar.com —  22+ min ago

U.S. stocks end mixed, but book weekly gains as strong jobs data challenges Fed to push interest rates higher

morningstar.com > news

...By Christine Idzelis and Joseph Adinolfi Dow, S&P 500, Nasdaq book back-to-back weekly gains U.S. stocks ended mostly lower Friday on signs that... ...strategist at Wells Fargo Investment Institute, in a phone interview Friday....

favicon morningstar.com —  15+ min ago

Dow ekes out gain Friday, stocks book second week in a row of gains

morningstar.com > news

...stock indexes ended a choppy session mixed Friday, while still posting weekly gains, after monthly jobs data showed the Federal Reserve's rapid pace... ...A hope that Federal Reserve officials might be able to raise rates at a slower pace in December has been feeding a more bullish tone in markets over...

favicon morningstar.com —  1+ hour, 47+ min ago

Why October's yield curve inversion might not spell doom for U.S. stocks in 2023

morningstar.com > news

...strategist at the Leuthold Group.... ...when investors weren't skittish enough about stocks heading into a recession, particularly in 2000 when stock-market investors were caught off guard...

favicon morningstar.com —  6+ hour, 53+ min ago

Big Lots to address weak results with even lower prices: "We will own bargains and treasures"

morningstar.com > news

...By Tomi Kilgore Discount retailer stock tumbles after wider-than-expected loss, sales misses and downbeat outlook Big Lots Inc. said rather than... ...Chief Executive Bruce Thorn said on the post-earnings conference call with analysts that its customers are being "pinched" by historically high inflation...

favicon morningstar.com —  8+ min ago

Greenest holiday ever? Here's how to rent a sustainable Christmas tree

morningstar.com > news

...By Rachel Koning Beals Can't rent?... ...Here's why It's a trend that has raised caution from the Natural Resources Defense Council....

favicon morningstar.com —  3+ hour, 26+ min ago

Florida is divesting $2 billion in assets managed by BlackRock because of emphasis on environmental and social investing

morningstar.com > news

...Florida is moving $2 billion in taxpayer assets from accounts with BlackRock Inc. as the state's Republican chief financial officer said big asset... ...Also read:Opinion: Ron DeSantis ramps up attack on "woke capital" with ESG crackdown "Whether stakeholder capitalism, or ESG standards, are being...

favicon morningstar.com —  10+ min ago

Robust U.S. jobs market adds to worry over how much higher interest rates need to go

morningstar.com > news

...JPMorgan Chase & Co.'s Michael Feroli saw an increased chance that the Fed's median rate forecast for 2023 will go slightly above 5%.... ...Piegza, chief economist for Stifel, Nicolaus in Chicago....

favicon morningstar.com —  2+ hour, 22+ min ago

Here's why the smart money is betting on value stocks to outperform growth

morningstar.com > news

...On Wednesday, after Federal Reserve Chairman Jerome Powell hinted that the Fed would slow the pace of future rate hikes, investors jumped on the... ...Chan (chair of the Department of Finance at the University of Illinois Urbana-Champaign), and Jason Karceski and Josef Lakonishok (of LSV Asset Management...

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