Warner Bros. Discovery lost a key media rights deal with the NBA.
The US economy grew faster than expected in the second quarter, as GDP rose at an annualized pace of 2.8% compared to the estimated 2%. Yahoo Finance Markets Reporter Josh Schafer breaks down the print and what it signals about the overall state inflation as the Federal Reserve eyes a September interest rate cut. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
Ford Motor (F) reported second quarter adjusted earnings per share of $0.47, well below the expected $0.67. Both the Ford Pro and Ford Blue units reported better-than-expected revenue for the quarter, but Ford Model e, its EV unit, revenue fell short, $1.1 billion versus the estimated $1.31 billion. Ford Blue's EBIT was $1.17 billion versus the estimated $2.43 billion. The company did raise its adjusted full-year free cash flow estimate to $7.5 billion to $8.5 billion from $6.5 billion to $7.5 billion. Market Domination Overtime anchors Julie Hyman and Josh Lipton recap the automaker's results in the video above. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.
