The ranks of the unemployed are expected to swell anew, with Wall Street economists forecasting a marginal improvement in weekly jobless claims amid a relentless wave of COVID-19 infections dragging on the economy. The Department of Labor will release its weekly report on new jobless claims Thursday morning at 8:30 a.m. ET. Here is what Wall Street is expecting, according to consensus estimates compiled by Bloomberg: Initial jobless claims, week ended Jan. 23: 875,000 expected vs. 900,000… Source link

Scotty Miller is feeling it. The Tampa Bay Buccaneers wide receiver has made some big downfield plays in the playoffs, including Sunday’s game-changing, 39-yard touchdown catch at the end of the first half of the NFC championship. Now he’s out here calling out Tyreek Hill. The second-year speedster joined “The Dan Patrick Show” on Wednesday for some pre-Super Bowl fodder. He’s clearly not worried about providing bulletin-board material. When Patrick asked him if he could beat Hill in… Source link

Bloomberg Hedge-Fund Titans Lose Billions to Reddit Traders Running Amok (Bloomberg) — For once, Main Street is beating Wall Street.In a matter of weeks, two hedge-fund legends — Steve Cohen and Dan Sundheim — have suffered bruising losses as amateur traders banded together to take on some of the world’s most sophisticated investors. In Cohen’s case, he and Ken Griffin ended up rushing to the aid of a third, Gabe Plotkin, whose firm was getting beaten down.Driven by the frenzied trading… Source link

It’s never been easier to discover your location or plot out a destination. We’re a long way from the days of pulling a map from a car’s glove box, unfolding it, and trying to puzzle out a position. Now, your smartphone is your map and GPS device. Google’s been at the forefront of that revolution for some time now courtesy of Google Maps, one of the earliest navigation apps. Over the years, Google Maps has expanded with useful features that let you plot a commute, take a virtual… Source link

BOISE, Idaho — A group of conservative Idaho lawmakers is asking managers of the state’s employee retirement system to divest in tech companies they say don’t value free speech.  The 22 Republican lawmakers and Republican Lt. Gov. Janice McGeachin in a letter sent Monday say that $650,000 should be removed from Twitter, Amazon, Google, Apple and Facebook. Those companies have either banned former… Source link

Wednesday, January 27, 2021 This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe GameStop’s stock is on fire, but that has nothing to do with reality GameStop (GME). Who would have thought the most talked about stock on Wall Street in early 2021 would be a past-its-prime mall retailer? And yet here we are. The company’s stock has gained an… Source link

Alphabet Inc.’s broad product portfolio should serve it well through mid-2021 despite a raging pandemic. For that reason, Wall Street analysts agree, the financial stars are aligning for Google’s parent GOOGL, -4.67% GOOG, -4.51%, scheduled to report fiscal fourth-quarter results on Tuesday. A projected bump in advertising factored into J.P. Morgan analyst Doug Anmuth’s projection of sizable jumps in 2021… Source link

Bloomberg Hedge-Fund Titans Lose Billions to Reddit Traders Running Amok (Bloomberg) — For once, Main Street is beating Wall Street.In a matter of weeks, two hedge-fund legends — Steve Cohen and Dan Sundheim — have suffered bruising losses as amateur traders banded together to take on some of the world’s most sophisticated investors. In Cohen’s case, he and Ken Griffin ended up rushing to the aid of a third, Gabe Plotkin, whose firm was getting beaten down.Driven by the frenzied trading… Source link

A convergence of factors joined forces on Wednesday to scare the bull thesis in stocks and really club the market into the ground. Losses on the Dow Jones Industrial Average (2.2%), Nasdaq Composite (2.7%) and S&P 500 (2.6%) all accelerated into the close. The selloffs marked the biggest plunges for the major indexes since October, notes Yahoo Finance markets reporter Jared Blikre. The session was wobbly out of the gate Wednesday, but experts point to two things in particular for the hearty… Source link

Tesla (TSLA) reported fourth-quarter results Wednesday after market close, offering the last look at the electric car-maker’s performance at the end of a record-breaking year and early guidance for 2021. The company posted its first-ever quarter doing $10 billion or more in revenue. However, Tesla’s earnings fell short of estimates, though the company did eke out a sixth straight quarterly profit. Shares fell more than 4% in late trading after the results. Here were the main results in… Source link