Here are 10 things you should know for Thursday, Jan. 16:
1.-- U.S. stock futures were falling Thursday after consumer prices rose 0.3% in December and after jobless claims declined for a second straight week.
2.-- Weekly initial jobless claims fell 2,000 to a seasonally adjusted 326,000; economists polled by Reuters had expected first-time applications to fall to 328,000 in the week ended Jan. 11.
The Consumer Price Index for December rose 0.3%, the largest increase in six months driven up by higher gas prices. But excluding energy, inflation was tame.
3.-- U.S. stocks on Wednesday rose following a number of encouraging economic reports and an upbeat earnings announcement from financial heavyweight Bank of America
The S&P 500 rose 0.52% to close at 1,848.38, a record high. The Dow Jones Industrial Average gained 0.66% to 16,481.94, and the Nasdaq finished up 0.76% to 4,214.88.
De Castro was one of CEO Marissa Mayer's first major hires since coming on board from Google (GOOG), but there have been reports in recent months that the relationship between the two had soured, with de Castro being unable to turn around Yahoo!'s core advertising business. Yahoo! declined to comment on the reasons for de Castro's exit. Mayer didn't name his replacement. It's doubtful de Castro would be leaving if he were bringing in the revenue that Mayer envisioned, BGC Financial analyst Colin Gillis told The Associated Press. "This was one of her key hires and he is already gone," Gillis said. "It doesn't look good."
The stock fell 2.1% to $40.20 in premarket trading on Thursday. 5.-- Citigroup (C - Get Report) reported fourth-quarter earnings on Thursday of 85 cents a share. Excluding one-time and non-core items, earnings came in at 82 cents. Revenue was $17.8 billion or $17.9 billion, excluding items.
Analysts expected EPS of 95 cents on revenue of $18.18 billion.
Citigroup shares fell 3.3% early Thursday to $53.18. 6.-- Goldman Sachs (GS) reported profit of $4.60 a share on revenue of $8.78 billion in the fourth quarter, significantly beating Wall Street estimates.
Goldman shares fell marginally in premarket trading to $178.60.
The stock fell 2.4% to $6.84 in premarket trading. 8.-- The world's biggest chipmaker Intel (INTC) is forecast to post fourth-quarter earnings of 52 cents a share on revenue of $13.72 billion.
Intel supplies chips for about four out of every five PC processors, so a consumer shift toward tablets and smartphones has hurt sales.
In the year-earlier quarter, Intel posted a profit of 48 cents a share on revenue of $13.5 billion.
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