US stocks (^DJI, ^IXIC, ^GSPC) inch higher at Thursday's market open, recovering from Wednesday's sell-off sparked by the Federal Reserve's forecast for fewer interest rate cuts than previously projected for 2025. Morning Brief host Seana Smith and Yahoo Finance markets and data editor Jared Blikre highlight the upward moves seen in Treasury yields (^TYX, ^TNX, ^FVX) and the volatility index (^VIX) as stocks regain their footing this morning. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.
Micron stock tumbles after the maker of memory chips issues a weak second-quarter outlook, Tesla shares claw back some losses from Wednesday, and Lamb Weston sinks after a surprise loss and the resignation of its CEO. FedEx and Nike are scheduled to report earnings later Thursday.
(Bloomberg) -- Soho House & Co Inc. shares are soaring after the global membership platform said it received an offer to buy the company at a premium to its current market value. Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalA new third-party consortium has offered to buy the company for $9 per share, a premium of 83% from where the stock closed Wednesday, Soho House announced Thursday. Share
Lamb Weston trimmed its annual forecasts and replaced its CEO with insider Michael Smith on Thursday, following pressure from activist investor Jana Partners to revamp its top management or sell itself. Jana Partners called the decision to swap the CEO for an insider "complicit in its widespread operational and strategic debacles is just the latest stick in the eye." The company did not immediately respond to a request for comment on Jana Partners' statement.
Paychex (PAYX) delivered earnings and revenue surprises of 1.79% and 0.29%, respectively, for the quarter ended November 2024. Do the numbers hold clues to what lies ahead for the stock?
Cintas (CTAS) delivered earnings and revenue surprises of 7.92% and 0.05%, respectively, for the quarter ended November 2024. Do the numbers hold clues to what lies ahead for the stock?
The market for dynamic random-access memory (DRAM) chips used in personal computers and smartphones has remained under pressure since the end of the pandemic amid a lingering supply glut and sluggish consumer demand. Micron's flash memory chip revenue in fiscal 2025 is expected to be significantly weaker, as sales of such chips are more exposed to PC and mobile phone shipments, Morningstar analyst William Kerwin said.