• Yahoo Finance Video

    For investors, forward guidance now outweighs earnings: Strategist

    As inflation data shows continued stickiness, the likelihood of an imminent Federal Reserve rate cut has diminished, prompting market readjustments. Zacks Investment Management Client Portfolio Manager Brian Mulberry joins Wealth! to discuss how stubborn inflation not only impacts rate cut decisions but also earnings expectations. Mulberry states that markets are undergoing "a repricing event" due to a higher-for-longer interest rate environment. He highlights that with the Fed's target of 2% inflation, there is not "enough information or data to truly determine what interest rates should be today" — forcing a shift in how "future earnings are going to be valued." "In this moment, the earnings in the current quarter aren't as important as the guidance over the next couple of quarters for investors right now," Mulberry told Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith

  • NBC Sports Boston

    With Drake Maye pick, the Patriots are betting on themselves

    The Patriots' decision to draft Drake Maye is all about upside -- and a reminder that they have plenty of work to do, writes Tom E. Curran.

  • The Telegraph

    ECB gives counties two-week ultimatum to accept £500m ‘lifeline’

    Counties have been given two weeks to accept proposals from the England and Wales Cricket Board that could raise around £500 million and hand cash-strapped clubs a lifeline.