Skip to Content

Yahoo Board and U.S. Durable Goods—5 Things to Know for the Day Ahead

Newest Innovations In Consumer Technology On Display At 2014 International CESNewest Innovations In Consumer Technology On Display At 2014 International CES
Yahoo President and CEO Marissa Mayer.Photograph by Ethan Miller — Getty Images

Hello friends and Fortune readers.

Wall Street stock futures are lower again Thursday as the dollar continues to rise against a background of talk of interest rate hikes in the not-too-distant future. Crude oil futures have slumped back below $40 a barrel after data showing a sharp rise in U.S. stockpiles (and the realization that the much-touted “restraint” of other big producers is taking place at record high output levels).

Today’s must-read story is from Fortune‘s Shawn Tully, who dug into GOP frontrunner Donald Trump’s financial records and found that the former reality television star’s total debt is nearly $1 billion—or, roughly double what Trump has claimed.

Here’s what else you need to know to start the day.

1. Starboard wants to remove Yahoo’s board

Hedge fund Starboard Value LP has launched a campaign to remove the entire board of underperforming web giant Yahoo Inc., according to The Wall Street Journal. The activist investor plans to announce Thursday morning that it will nominate nine directors to Yahoo’s board, making good on a threat made this year that it would seek to shake up the board if it felt the directors weren’t making changes fast enough.

2. Accenture Q2 earnings

The Dublin-based consulting services company is expected to post second-quarter earnings above Wall Street’s expectations. Accenture (ACN) has seen solid demand in North America as the company looks to expand its digital business offerings, including analytics and cloud services.

3. Durable goods

The Commerce Department is expected to report that orders for durable goods fell by 2.8% last month. Following a strong January rebound for durable goods orders, a February decline would represent a bump in the road to recovery for the manufacturing sector.

4. Weekly jobless claims

The Labor Department will likely report that the number of Americans who filed new applications for unemployment benefits last week increased from the previous week. Weekly jobless claims jumped by 3,000 claims, but the total number of weekly claims (268,000) still remained well below the threshold for a strengthening job market.

5. More earnings

Fourth-quarter sales for the world’s largest video game retailer, GameStop (GME), will likely fall short of expectations after the company cut its earnings and same-store sales forecast for the month. Other companies reporting quarterly earnings today include fast-casual restaurant chain Cosi (COSI) and motor home manufacturer Winnebago Industries (WGO).

 

—Reuters contributed to this article.