LIVE Chair Jerome Powell speaks after the Fed cuts rates again. Watch here. Tokyo - Delayed Quote ? JPY CellSource Co., Ltd. (4880.T) Follow Compare 1,169.00 -22.00 (-1.85%) At close: 3:45 PM GMT+9 Related News Lyft stock soars as rides reach all-time high, earnings top expectations Lyft stock soared more than 25% as the company’s turnaround plan pushed ridership to an all-time high during the third quarter. Yahoo Finance ? 54 minutes ago LYFT DASH UBER Lyft lifts guidance, reports better-than-expected Q3 revenue Lyft (LYFT) shares leaped higher after the company reported better-than-expected sales for the third quarter, coupled with a strong outlook for the current quarter. Active riders are up 9% from a year ago, with a growing number of commuters using the platform. Needham & Company Managing Director Bernie McTernan joins Yahoo Finance Live to discuss Lyft’s progress and its competitive position to Uber (UBER). While Lyft is gaining ground, he tells Seana Smith that the company is still trailing Uber in overall growth. “The problem for Lyft is that everyone knows what Lyft is,” McTeran said. The company needs to “get further down the funnel and actually engage with them.” To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Cindy Mizaku. Yahoo Finance Video ? 2 hours ago LYFT UBER Warner Bros. stock pops on strong Q3 subscriber growth Warner Bros. Discovery (WBD) reported mixed third quarter results before Thursday's opening bell. The company reported revenue of $9.62 billion, falling short of the $9.98 billion estimate. However, Warner Bros. Discovery reported a loss of $0.05 per share, which was better than the expected loss of $0.09 per share. Despite the mixed headline numbers, the company's stock is rallying, driven by strong quarterly streaming results — adding 7.2 million subscribers globally. This was the largest quarterly subscriber growth since the company's Max streaming service launched. Yahoo Finance Senior Reporter Alexandra Canal breaks down the key details from the media giant's earnings report. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith Yahoo Finance Video ? 3 hours ago WBD 2025 will be 'fairly challenging year' for Moderna: Analyst Moderna (MRNA) shares are getting a boost in Thursday's pre-market trading as the pharmaceutical giant reported an unexpected profit in its third quarter. The company posted $1.86 billion in revenue and adjusted earnings of $0.03 per share, while it was originally expecting a loss of about $1.90 per share, fueled by higher-than-expected sales of its COVID-19 vaccines. "While there was a headline beat, in part due to hundreds of millions of dollars of higher sales reported for the COVID vaccine, they maintain the guidance," Jefferies biotech analyst Michael Yee tells Yahoo Finance. "So it was mostly, in our opinion, due to timing of the shipments and the orders." Yee comments that Jefferies' findings suggest Moderna's vaccination uptake is trending lower than last year, and is forecasting "a fairly challenging year" for the company in 2025 based on broader biotech themes. The analyst weighs in on Moderna's long-term investments in RSV (respiratory syncytial virus) vaccines and messenger RNA (mRNA) technology. 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. Yahoo Finance Video ? 4 hours ago MRNA Fed decision, DraftKings, mortgage rates: What to Watch The Federal Reserve will conclude its November FOMC meeting tomorrow — Wednesday, November 7 — announcing its latest interest rate decision, followed by a press conference with Fed Chair Jerome Powell. The companies scheduled to release their latest earnings results include Airbnb (ABNB), DraftKings (DKNG), Moderna (MRNA), and Warner Bros. Discovery (WBD). Lastly, the weekly mortgage rate reading is also due out tomorrow. The 30-year fixed rate mortgage average sits at 6.72%. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? 21 hours ago WBD DKNG ABNB Stock Market Today: Indexes Steady After Fed Cuts Rates; AppLovin Soars 40%, But MakeMyTrip Dives (Live Coverage) The stock market had a muted reaction after the Federal Reserve cut interest rates by a quarter point Thursday afternoon. AppLovin led the upside among IBD 50-style growth stocks, but IBD Sector Leaders list member MakeMyTrip of India fell sharply after a long and strong upward run. The Fed did what everyone expected: It lowered the fed funds rate by 25 basis points to a range of 4.50% to 4.75%. Investor's Business Daily ? 24 minutes ago MSFT APP FTNT S&P 500 Leader 'In Discussions With Two Particular Large Companies'; Adds $1 Billion To Buyback S&P 500 leader Vistra topped third-quarter revenue expectations early Thursday, gave initial 2025 guidance and announced an additional $1 billion for its share repurchasing program. Vistra's Q3 results come along with several other nuclear-related companies on Thursday as the sector has brushed off the rejected nuclear deal between Amazon.com and Talen Energy. Analyst consensus put Vistra Q3 EPS at $1.16 on revenue of $5.01 billion. Investor's Business Daily ? 30 minutes ago CEG VST AMZN Why MercadoLibre Stock Sank Today Investors wanted to see much higher profits but they might be thinking too short-term. Motley Fool ? 37 minutes ago MELI Dutch Bros Stock Skyrockets 33% Today After Blockbuster Quarter and Bold Expansion Moves Record-breaking revenue and explosive growth plans make Dutch Bros the stock to watch in the coffee industry. GuruFocus.com ? 42 minutes ago BROS MercadoLibre (MELI) Stock Trades Down, Here Is Why Shares of latin American e-commerce and fintech company MercadoLibre (NASDAQ:MELI) fell 16.3% in the afternoon session after the company reported weaker third-quarter earnings. StockStory ? 45 minutes ago MELI Lyft (LYFT) Stock Trades Up, Here Is Why Shares of ride sharing service Lyft (NASDAQ: LYFT) jumped 30.2% in the morning session after the company reported robust third-quarter earnings, significantly surpassing analysts' expectations for both revenue and EBITDA. StockStory ? 45 minutes ago LYFT Why Is Dutch Bros (BROS) Stock Rocketing Higher Today Shares of coffee chain Dutch Bros (NYSE:BROS) jumped 40.3% in the morning session after the company reported a "beat and raise" quarter, which suggests that its recent sales optimization efforts are resonating with customers. Dutch Bros delivered strong third-quarter earnings, which blew past analysts' revenue and EBITDA expectations as same-shop transaction growth improved. This shows profitable growth. The company is engaging customers by introducing new menus, such as seasonal beverages like StockStory ? 45 minutes ago BROS AppLovin (APP) Stock Trades Up, Here Is Why Shares of mobile app advertising platform AppLovin (NASDAQ: APP) jumped 51.7% in the morning session after the company reported a classic "beat and raise" quarter as efforts to optimize its AI-powered advertising platform seem to be yielding results. AppLovin beat analysts' revenue, EBITDA, and EPS expectations during the quarter. StockStory ? 50 minutes ago APP Why Under Armour (UAA) Stock Is Up Today Shares of athletic apparel company Under Armour (NYSE:UAA) jumped 32.7% in the morning session after the company reported impressive third-quarter earnings, which blew past analysts' operating margin and EBITDA expectations. Notably, under its new leadership, the company is shifting its ecommerce and retail strategy towards a more premium offering, which has led to improvements in average order value and higher margins in the DTC (Direct to Consumer) channel. StockStory ? 55 minutes ago UAA HIV Drugmaker Gilead Reports Strongest Quarterly Performance Of 2024, Analysts Boost Price Target On Raised Outlook Gilead Sciences Inc (NASDAQ:GILD) stock is trading higher on Thursday after the company reported better-than-expected third-quarter financial results and raised its fiscal year 2024 guidance. On Wednesday after market, Gilead reported third-quarter adjusted EPS of $2.02, down from $2.29 a year ago, beating the consensus of $1.55. The HIV drug maker reported sales of $7.55 billion, up 7% year over year, beating the consensus of $7 billion, primarily due to higher sales in HIV and Veklury (remdesi Benzinga ? 57 minutes ago GILD Under Armour's Turnaround Plan Has the Stock Up 30% Today Under Armour posts better-than-anticipated profit and sales and boosted guidance as its turnaround plan "is gaining traction." Investopedia ? 59 minutes ago UAA Warner Bros. Discovery Up 10%, Surprising Wall Street with Profits and Bold Streaming Gains Max's subscriber boom and $2.4 billion EBITDA fuel Warner Bros. Discovery's momentum, but dividend dreams remain on hold. GuruFocus.com ? 1 hour ago WBD XPeng Soars 19%: AI-Powered P7+ Takes on Tesla as China's EV Market Explodes XPeng's aggressive tech and pricing strategy set to disrupt Tesla's hold on the smart EV market. GuruFocus.com ? 1 hour ago XPEV Why Wolfspeed Stock Is Plummeting Today Wolfspeed's recent quarterly report arrived with some worrying news for investors. Motley Fool ? 1 hour ago WOLF Top Stock Movers Now: Lyft, Under Armour, Match Group, and More Major U.S. indexes gained at midday Thursday, extending their post-election rally ahead of the Federal Reserve's decision on interest rates. Investopedia ? 1 hour ago UAA LYFT WOLF Performance Overview Trailing total returns as of 11/7/2024, which may include dividends or other distributions. Benchmark is Nikkei 225 Return 4880.T Nikkei 225 YTD -8.21% +17.68% 1-Year -34.78% +22.03% 3-Year -83.68% +32.99%
