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The 2023 Formula 1 season heads to Doha for the Qatar Grand Prix - listen to BBC radio commentary and follow live text updates.Always Keep A Bread Clip With You When Traveling Formula 1: Max Verstappen moves closer to inevitable 3rd consecutive title with Qatar Grand Prix poleSeven-time champion Lewis Hamilton says Max Verstappen is doing an "exceptional job" as the Red Bull driver nears a third consecutive title.Max Verstappen underlined why he's on the verge of a third consecutive Formula One title as he qualified on pole for the Qatar Grand Prix on Friday.
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Mortgage rates rise, Rivian stock slumps on plans to raise $1.5 billion: Yahoo Finance LiveThe average 30-year mortgage rate has risen to 7.49%, according to Freddie Mac. We’ll be discussing the rise in rates with Redfin CEO Glenn Kelman (RDFN) at 3:35 p.m. ET. Meanwhile, Rivian (RIVN) shares are being pummeled after the EV maker announced plans to raise $1.5 billion through a convertible note offering. Other trending tickers on Yahoo Finance include Coca-Cola (KO), BlackBerry (BB), and Lucid Group (LCID).Top guests on Yahoo Finance Live today include:3:05 p.m. ET - John Stoltzfus, Oppenheimer Asset Management Managing Director and Chief Investment Strategist3:25 p.m. ET - Scott Devitt, Wedbush Securities Analyst3:35 p.m. ET - Glenn Kelman, Redfin CEO4:05 p.m. ET - Joseph Wang, Monetary Macro CIO4:20 p.m. ET - Karin Kimbroug, LinkedIn Chief Economist
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US added 336,000 jobs in September, UAW strike latest: Yahoo Finance LiveThe September jobs report came in hotter than expected, with the U.S. adding 336,000 jobs, nearly double the 170,000 estimate. Also on the labor front, the UAW is expected to give another update on its ongoing strikes against the Big Three automakers, Ford (F), General Motors (GM), and Stellantis (STLA). Some of the trending tickers on Yahoo Finance include Costco Wholesale (COST), Verizon Communications (VZ), and Palantir Technologies (PLTR).Top guests on Yahoo Finance Live today include:3:05 p.m. ET - Arun Kumar, Alix Partners Managing Director in Automotive & Industrial Practice3:10 p.m. ET - Julia Pollak, ZipRecruiter Chief Economist3:40 p.m. ET - Todd McKinnon, Okta CEO3:50 p.m. ET - Barrett Daniels, Deloitte & Touche National IPO Services Leader4:20 p.m. ET - Nick Akerman, Former Assistant U.S. Attorney, Southern District of New York
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September jobs report, UAW strike, CFPB interview: What to watchThe September jobs report will be released on Friday, October 6, with economists expecting 170,000 jobs to be added to the U.S. economy. As the United Auto Workers strike against the Big Three — Ford (F), General Motors (GM), and Stellantis (STLA) — continues, Union President Shawn Fain is expected to release a statement on Friday afternoon. Yahoo Finance will be interviewing Consumer Financial Protection Bureau Director Rohit Chopra on Friday. Yahoo Finance's Josh Lipton takes a look at what to watch for on Friday, October 6. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Amazon Prime day sales event to kick off holiday deals: ExpertAmazon's Prime Big Deal Days (AMZN) event will run on October 10 and 11. Adobe's Head of Digital Insights Vivek Pandya tells Yahoo Finance Live that the event will be one of the first big discounting events of the holiday shopping season. Pandya says that they are anticipating discounts will weaken after the event only to escalate, with discounts as much as 20 percent, starting November 1. The best deals will 'kick in' the weekend going into Thanksgiving week, Pandya says, with discounts as deep as 35 percent, only to weaken to about 16 percent for the rest of the season. Overall, Adobe Analytics predicts up to $221 billion in e-commerce sales driven by promotions like cyber week sales and 'Buy Now, Pay Later.' 'The holiday season is that time period where they're really looking to get their gift giving done,' Pandya tells Yahoo Finance, adding, 'and they're wanting to do it in a way where they can get maximum value and kind of manage costs.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live
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Levi's remains 'cautiously optimistic,' though consumers are feeling pressure, CFO saysLevi Strauss & Co. (LEVI) lowered its full-year sales guidance. The apparel company reported mixed third quarter results, with revenue coming in just shy of estimates. The company cited challenges in its wholesale channels like department stores and big box retailers for the weakness. However, Levi Strauss CFO Harmit Singh noted they saw growth in other areas like direct-to-consumer and e-commerce operations. Singh says the consumer has been 'resilient,' but U.S. consumers earnings between $50,000 and $100,000 are feeling some pressure. 'Consumers still shop and love brands they can trust,' Singh tells Yahoo Finance, adding: 'they love brands that offer consumer experience, they love brands that bring newness and relevance, and brands that offer price value.' While acknowledging missed expectations, the CFO said Levi's remains 'cautiously optimistic' that through new ideas and resilient consumer demand, the denim brand can get back to growth. Click here to watch the full interview with Levi Staruss CFO Harmit Singh on the Yahoo Finance YouTube page or you can watch this full episode of Yahoo Finance Live here.
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