Monthly Archives: March 2021

Dow eyes fresh record but tech struggles; AMC roars

Wall Street opened on a mixed note Monday, with the broader market adding to recent gains but technology shares under renewed pressure, as investors balanced extending a rally against a backdrop of steadily rising Treasury yields. On Friday, major benchmarks ended a mixed session with the Dow Jones Industrial Average jumping by nearly 300 points and the S&P 500 Index also inching to a new high, bolstered by the signing of a new $1.9 trillion stimulus bill that’s poised to spur consumer… Source link

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Why Costco may clean up long after the pandemic ends

Costco’s stock may be down 12% this year as investors fret about growth slowing down after months of consumers stocking up during the COVID-19 pandemic, but it’s unlikely the usually strong market performer will stay stuck in neutral for too long. That inevitability for Costco (COST) reflects several byproducts of the pandemic that play right into the hands of the warehouse giant’s very business model (and by extension, its bottom line), argues Wells Fargo analyst Edward Kelly. One is… Source link

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Bitcoin Plunges Below $55K Amid Weak Institutional Inflows, Profit Taking

TipRanks These 2 EV Stocks Have Over 40% Upside Potential, Say Analysts Everyone wants to be part of the next big thing, and right now, in the automotive industry, that’s looking more and more like electric vehicles (EVs). A combination of social and political pressures are promoting EVs, and manufacturers – both legacy automakers like Ford and GM as well as newer companies like Elon Musk’s Tesla – are busy designing and building new lines of vehicles. That growth hit a snag last week,… Source link

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Most pros can’t beat the market: Morning Brief

Bloomberg Biden Eyes First Major Tax Hike Since 1993 in Next Economic Plan (Bloomberg) — President Joe Biden is planning the first major federal tax hike since 1993 to help pay for the long-term economic program designed as a follow-up to his pandemic-relief bill, according to people familiar with the matter.Unlike the $1.9 trillion Covid-19 stimulus act, the next initiative, which is expected to be even bigger, won’t rely just on government debt as a funding source. While it’s been… Source link

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Coursera Launches World’s First Online Data Labelling Course For Free

Yandex, a NASDAQ-listed internet giant, has launched the world’s first free online data labelling course on the Coursera platform to address the increasing use of artificial intelligence in businesses. The course titled — Practical Crowdsourcing for Efficient Machine Learning by Yandex is available free of charge on the Coursera platform from March 15. Taking a hands-on approach, the course will be taught by professionals from Toloka, a successful crowdsourcing data labelling… Source link

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Crude Oil Tops $66 as China’s Recovery Aids Outlook for Bulls

(Bloomberg) — Oil opened the week in robust form after a raft of economic data from China added to signs of recovery from the coronavirus pandemic just as the OPEC+ alliance presses on with output curbs to drain global inventories. West Texas Intermediate in New York gained 0.9%, while Brent also climbed. Figures from China for the first two months of the year showed a surge in industrial output, underscoring the strength of its V-shaped recovery and reinforcing expectations for increased… Source link

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Google Explains Featured Snippets Volatility

Featured Snippets Search Volatility Was Featured Snippet Volatility Deliberate? Reasons for Changes in Search Finding a Better Balance in the SERPs Citations Google removed a great deal of featured snippets at the start of March 2021 then they returned. Google’s John Mueller comments on why visibility of featured snippets changes. Featured Snippets Search Volatility At the beginning of March featured snippets seemed to disappear from the search engine results pages (SERPs). Some were calling it… Source link

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NFL: Kyle Juszczyk reportedly signs

As a position, the NFL fullback is dead. That is unless your name is Kyle Juszczyk. In that case, it’s a lucrative career path. The San Francisco 49ers fullback agreed to an extension on Sunday. According to ESPN’s Adam Schefter, it’s worth $27 million over five years. Of that, $10 million is guaranteed.  That’s not bad for a guy whose position has largely been phased out of the NFL for the better part of a decade — especially considering that he’s already banked more than $23 million in… Source link

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