Brent Schutte, Northwestern Mutual Wealth Management's Chief Investment Strategist, joins Yahoo Finance's Kristin Myers to break down the latest market action as the coronavirus pandemic continues to surge.
Chipotle posted another strong quarter against a difficult macro backdrop.
Ford Motor Co.'s first-quarter net income fell 24% from a year ago as the company's combustion engine vehicle unit saw revenue and sales decline. The Dearborn, Michigan, automaker said Wednesday it made $1.33 billion from January through March, compared with $1.76 billion a year earlier. Excluding one-time items, Ford made 49 cents per share, enough to beat analyst estimates of 43 cents, according to FactSet.
Authorities in Togo have repressed the media and prevented civilians from gathering to protest peacefully, Amnesty International said in a report published Wednesday, ahead of parliamentary elections scheduled to take place at the end of this month. Amnesty International said in its annual report on human rights around the world that two newspapers in Togo were forced to close for several months last year, while a number of journalists were arrested or hit with hefty fines after reporting on corruption. Two journalists in Togo were sentenced to three years in prison after reporting about a minister's involvement in corruption, but both fled the country to avoid detention.
Troubled aviation giant Boeing reported a first-quarter loss of $343 million on Wednesday, reflecting recent safety troubles that have slowed production and deliveries."Our first quarter results reflect the immediate actions we've taken to slow down 737 production to drive improvements in quality," said Chief Executive Dave Calhoun, who will step down at the end of 2024.
The U.S. Supreme Court heard its first test on Wednesday of state abortion bans that have been enacted since the court upended the Roe v. Wade constitutional right to abortion. While the current case involves an Idaho abortion ban, the court’s ruling could have implications beyond that state. Idaho lawmakers have banned abortion except when a mother’s life is at risk.
President Joe Biden met Wednesday with Abigail Edan, the 4-year-old American girl who was held hostage in Gaza for several weeks at the start of the war. White House national security adviser Jake Sullivan said the White House meeting with Abigail and her family was “a reminder of the work still to do” to win the release of dozens of people who were taken captive by Hamas in an Oct. 7 attack on Israel and are still believed to be in captivity in Gaza. Abigail, who has dual Israeli-U.S. citizenship, was taken hostage after her parents were killed in the attack and was released nearly seven weeks later.
The manufacturer of a popular weedkiller won support Wednesday from the Missouri House for a proposal that could shield it from costly lawsuits alleging it failed to warn customers its product could cause cancer. The House vote marked an important but incremental victory for chemical giant Bayer, which acquired an avalanche of legal claims involving the weedkiller Roundup when it bought the product's original St. Louis-area-based producer, Monsanto. The legislation now heads to the Missouri Senate with several weeks remaining in the annual legislative session.
Hamas released a hostage video on Wednesday showing a well-known Israeli-American man who was among scores of people abducted by the militants in the attack that ignited the war in Gaza. The video was the first sign of life of Hersh Goldberg-Polin since Hamas’ Oct. 7 attack on southern Israel, and its release ignited new protests in Jerusalem calling on the government to do more to secure the captives' release. In the video, Goldberg-Polin accused Israel’s government of abandoning the people who are being held hostage by Hamas. He also claimed that some 70 captives have been killed in Israel’s bombing campaign.
Tesla's surge is putting Big Tech earnings center stage as investors look to megacaps to lift stocks.
Spanish Prime Minister Pedro Sanchez is no stranger to high octane political battles and has successfully fought for his career in public life several times. On Wednesday evening, Sanchez said he would suspend public duties until next week to decide whether he wants to continue leading the government. The shock announcement came after a Spanish court said earlier on Wednesday it was launching a preliminary investigation into whether Sanchez's wife Begona Gomez committed a crime of influence peddling and corruption in business in her private dealings.
Flight attendants at Southwest Airlines have ratified a contract that includes pay raises totaling more than 33% over four years, as airline workers continue to benefit from the industry's recovery since the pandemic. The Transport Workers Union said Wednesday that members of Local 556 approved the contract by a margin of 81% to 19%. The union's board rejected a lower offer last summer, and flight attendants voted against a second proposal in December.
The panel at at the Time100 Summit focused on ensuring poorer communities like "Louisiana’s cancer alley or Houston’s chemical quarter" benefit from the clean energy shift
Kansas' Democratic governor on Wednesday vetoed a broad package of tax cuts for the second time in three months, describing it as “too expensive” despite the bipartisan support it enjoyed in the Republican-controlled Legislature. Gov. Laura Kelly and her staff had signalled that she had misgivings about a package of income, sales and property tax cuts worth $1.5 billion over the next three years. The governor also told fellow Democrats that she believes Kansas' current three personal income tax rates ensure that the wealthy pay their fair share.
Facebook and Instagram parent company Meta said Wednesday its first-quarter profit more than doubled, boosted by higher advertising revenue and a 6% increase on the average price of ads on its platforms.
Egg prices are jumping as an outbreak of highly pathogenic avian influenza forces producers to slaughter millions of infected birds.
Pro-Palestinian demonstrations continue to grow at a number of major U.S. universities. They have all made it clear that they are all against Israel's war with Hamas in Gaza, but what can they really do about the conflict in the Middle East from a college campus?Here's a look at what protesters are really demanding from their demonstrations.
These fun Father's Day activities are the best way to celebrate dad and the other father figures in your life. Find ideas that both kids and adults will enjoy.
A person in Texas tested positive for avian influenza (H5N1), aka bird flu, amid an outbreak among dairy cows. What to know about transmission and symptoms.
A form Pennsylvania voters must complete on the outside of mail-in ballot return envelopes has been redesigned, but that did not prevent some voters from failing to complete it accurately for this week's primary, and some votes will not count as a result, election officials said. The primary was the first use of the revamped form on the back of return envelopes that was unveiled late last year amid litigation over whether ballots are valid when they arrive to be counted inside envelopes that do not contain accurate, handwritten dates. Pennsylvania Secretary of State Al Schmidt said at an election night news conference that his agency will be following the county-by-county vote tabulation to see how many ballots get thrown out as a result.
Ford reported first quarter results after the bell that beat expectations on Wednesday, with its changing product game plan front and center along with its focus on gas and hybrid offerings.
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