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Yahoo BusinessFeb 08, 2023
Stock market news live updates: Stocks fall after Powell remarks, as earnings rush in

Michael Kors parent Capri stock slides 19% premarket after earnings miss and soft guidance (Yahoo Business)
A Bull Market Is Coming: 2 Top Growth Stocks to Buy Now and Hold Forever (The Motley Fool)

MarketWatchFeb 08, 2023
Metals Stocks: Gold prices struggle for direction as markets digest Powell's latest remarks
Gold prices struggle for direction on Wednesday, after back-to-back session gains, as investors continue to weigh remarks a day earlier from Federal Chairman Jerome Powell and the reaction in the U.S. dollar and Treasury yields.

MarketWatchFeb 08, 2023
Market Snapshot: Dow falls 200 points as investors digest earnings, Fed comments
U.S. stocks fall Wednesday, as investors waited for Disney earnings after the close and listened to several Fed speakers throughout the trading day.

Transcript: Q&A With New York Fed's John Williams at WSJ CFO Network Summit (Wall Street Journal US Business)

MarketWatchFeb 08, 2023
MarketWatch First Take: Zoom and eBay join Dell, Okta, Spotify, Google, Intel, Microsoft, Amazon and other tech companies making layoffs
Zoom and eBay are the latest tech companies in the layoffs spotlight. Here's a list of other companies making job cuts.

CNBC BusinessFeb 08, 2023
Stocks making the biggest moves premarket: Uber, Chipotle, Microsoft, Lumen and more
These are some of the stocks posting the largest moves before the stock market's opening bell.

MarketWatch MarketPulseFeb 08, 2023
: Uber stock rises after earnings as company gives upbeat outlook
An earlier version of this report misstated Uber's adjusted Ebitda guidance. It has been corrected.Shares of Uber Technologies Inc. UBER were heading 7% higher in premarket trading Wednesday after the ride-hailing company delivered an upbeat outlook for the current quarter. The company generated fourth-quarter net income of $595 million, or 29 cents a share, whereas it posted net income of $892 million, or 44 cents a share, in the year-earlier quarter. The FactSet consensus was for a 15-cent loss per share on a GAAP basis. Uber's net income figure included a $756 million net pre-tax benefit largely due to unrealized gains from the revaluation of equity investments. Uber also reported adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) of $665 million, whereas analysts were expecting $624 million. Revenue increased to $8.6 billion from $5.8 billion, while analysts had been modeling $8.5 billion. Gross bookings rose $19% to $30.7 billion, matching the FactSet consensus. "We ended 2022 with our strongest quarter ever, with robust demand and record margins," Chief Executive Dara Khosrowshahi said in a release. For the first quarter, Uber executives anticipate gross bookings of $31.0 billion to $32.0 billion, along with $660 million to $700 million in adjusted Ebitda. Analysts were looking for $31.3 billion in gross bookings and $612 million of adjusted Ebitda.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

MarketWatchFeb 08, 2023
: Manchester United shares surge after report Qatari investors set to bid
Shares of U.K. soccer club Manchester United surged in premarket trade after a report of an imminent Qatari bid for the high-profile team.

Entrepreneur.comFeb 08, 2023
60 Second Business Tips: Set and Achieve Your Marketing Goals
Business consultant Terry Rice outlines the Objective First Framework.

MarketWatchFeb 08, 2023
Need to Know: No wonder Powell didn't commit to extra hikes. Here are five reasons the January jobs report may be too good to be true.
Economists say the January jobs report do not point to a new acceleration in the jobs market.

Wall Street Journal US BusinessFeb 07, 2023
Fed's Powell Braces for Longer Inflation Fight Amid Hiring Surge
The labor market's surprising strength underscores why bringing inflation down will require higher interest rates than many investors have been anticipating, Fed Chair Jerome Powell said.
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