Former Theranos CEO Elizabeth Holmes awaits sentencing on Friday, 10 months after a the jury found her guilty of defrauding the investors of the bankrupt blood testing company. The sentencing hearing in San Jose, Calif., began shortly after 10 a.m. PT and continued as the clock neared noon — an unusually long duration for what …
Former Theranos CEO Elizabeth Holmes to be sentenced Read More »
U.S. home sales fell for the ninth straight month in October as soaring mortgage rates and high prices pushed buyers out of the market. Sales of existing homes — which include single-family homes, townhouses, condominiums and co-ops — were down 28.4% in October from a year ago and 5.9% from September , according to a …
U.S. home sales fell for the ninth straight month in October as soaring mortgage rates and high prices pushed buyers out of the market. Sales of existing homes — which include single-family homes, townhouses, condominiums and co-ops — were down 28.4% in October from a year ago and 5.9% from September , according to a …
U.S. stocks swung back and forth on Friday as investors neared the end of a turbulent trading week marked by mixed retail earnings and a chorus of hawkish Fedspeak. The S&P 500 (^GSPC) fell 0.1%, while the Dow Jones Industrial Average (^DJI) rose 60 points, or 0.2%. The tech-heavy Nasdaq Composite (^IXIC) slipped 0.6%. Treasury …
Live stock market news updates: Stocks falter as indices head for a losing week Read More »
A federal judge will decide on Friday whether disgraced Theranos CEO Elizabeth Holmes should serve a lengthy prison sentence for deceiving investors and endangering patients while peddling fake blood-testing technology. Holmes sentencing in same San Jose, Calif., courtroom where she was found guilty of four counts of investor fraud and conspiracy January marks a culminating …
Elizabeth Holmes faces conviction for her crimes at Theranos Read More »
James Bullard in Jackson Hole, Wyoming. David A Grogan | CNBC Here are the most important information investors need to start their trading day: 1. Bullard and the Bears While the Federal Reserve has signaled it will raise interest rates in small increments, central bank officials have firmly insisted that there is still a long …
5 things to know before the stock market opens on Friday Read More »
This article first appeared in the Morning Brief. Get the Morning Brief delivered straight to your inbox Monday through Friday by 6:30 a.m. ET. Subscribe Friday, November 18, 2022 Today’s newsletter is from Julie Hymananchor, and correspondent at Yahoo Finance. Follow Julie on Twitter @juleshyman. Read this and other market news wherever you are with …
Nov 17 (Reuters) – Hundreds of Twitter workers are believed to be leaving the beleaguered social media company following an ultimatum from new owner Elon Musk that employees sign up for “long, high-intensity hours ” or leave. In a survey of the work app Blind, which verifies employees through their work email addresses and allows …
After Elon Musk’s ultimatum, Twitter employees start dating Read More »
European stocks up 0.45%, US S&P futures flat Most inverted U.S. yield curve since 1981 Brent at 4-week low LONDON/SYDNEY, Nov 18 (Reuters) – Global stocks were heading for a 1% loss for the week on Friday, drifting off recent two-month highs after U.S. Federal Reserve officials fired fresh warning shots at interest rates, while …
Global stocks eye 1% weekly loss, US yield curve points to recession Read More »
Japan CPI +3.6% y/y vs. forecast +3.5%, highest since 1982 Most price increases due to cost inflation, unsustainable BOJ sees consumer inflation fall below 2% next fiscal year TOKYO, Nov 18 (Reuters) – Core consumer inflation in Japan accelerated to a 40-year high in October on the back of currency weakness and pressures on global …
Japan inflation hits 40-year high as BOJ sticks to accommodative policy Read More »
