Stock futures opened lower on Tuesday, adding to losses after the three major indexes posted a second straight day of declines during the regular trading day.  Declines in the energy, industrials and financials sectors led the S&P 500 lower. Though the Nasdaq outperformed relative to the other two stock indexes, it still erased intraday gains to end in the red by market close on Tuesday.  Leadership in equity markets has see-sawed between cyclical and value stocks and technology shares, as… Source link

Bloomberg Central Banks Snuff Out Classic Rate Bets as Commodities Surge (Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.The surge in commodities prices is failing to trigger some of the traditional responses in bonds and currencies.Unlike recent commodities rallies in 2008 and 2011, yields on Treasuries and currencies of major exporters like Australia have barely budged. Likewise, the Federal Reserve’s favored measure of… Source link

Bloomberg AT&T’s WarnerMedia, Discovery to Merge in Blockbuster Deal (Bloomberg) — AT&T Inc. agreed to spin off its media operations in a deal with Discovery Inc. that will create a new entertainment company, merging assets ranging from CNN and HBO to HGTV and the Food Network.The transaction values the combined entity at about $130 billion including debt, based on WarnerMedia’s estimated enterprise value of more than $90 billion.AT&T will receive $43 billion in cash, debt securities and… Source link

This year’s I/O event from Google was heavy on the “we’re building something cool” and light on the “here’s something you can use or buy tomorrow.” But there were also some interesting surprises from the semi-live event held in and around the company’s Mountain View campus. Read on for all the interesting bits. Android 12 gets a fresh new look and some quality of life features We’ve known Android 12 was on its way for months, but today was our first real look at the… Source link

Google Google I/O 2021 kicked off with a keynote event that included a look at some great… Source link

Google Google I/O 2021 kicked off with a keynote event that included a look at some great… Source link

Wall Street economists on Tuesday were surprised by disappointing housing data, as U.S. housing starts fell 9.5% in April, compared to an expected 2% decline — the latest in a string of economic reports that have missed expectations both to the upside and the downside by wide margins. Meanwhile, the Federal Reserve is unlikely to signal any change in monetary policy over the summer, which could make trading stocks a bit boring, says one veteran trader. Summer tends to be less liquid and a Source link

At its I/O developer conference, Google today announced a slew of updates to its Firebase developer platform, which, as the company also announced, now powers over 3 million apps. There’s a number of major updates here, most of which center around improving existing tools like Firebase Remote Config and Firebase’s monitoring capabilities, but there are also a number of completely new features here as well, including the ability to create Android App Bundles and a new security tool… Source link

The Conversation Ultra-Orthodox Jewish women are bucking the patriarchal, authoritarian stereotype of their community Ultra-Orthodox women have become the primary breadwinners in their families. Menahem Kahana/AFP via Getty ImagesUltra-Orthodox Jews have been in the news a lot lately, partly due to their reactions to the COVID-19 pandemic. With a few exceptions, the stories present ultra-Orthodox Jews as a patriarchal community that is authoritarian and resistant to public health measures,… Source link

Google just finished its live Google I/O 2021 keynote, where the company unveiled a huge number of announcements, including a new look coming to Android, a bunch of features coming to its Google Workspace productivity suite, and even a new AI that talked as if it were Pluto. Nilay Patel and Dieter Bohn followed the whole thing in real time right here on our live blog. But if you just want to get caught up on the biggest news from the show, read on for our recap. … Source link