Regarding looming inflation risks and their resulting Treasury yield rates, Wall Street veteran and co-founder of DataTrek Research Nicholas Colas stated that he has “never seen a stronger consensus” surrounding any macroeconomic issue in his career. “Fed money printing plus fiscal stimulus/debt issuance plus economic reopening is supposed to equal high and likely lasting inflation,” Colas said. “The 10-year Treasury will go to at least 2 percent and maybe 3 percent or… Source link

With a roster of new executives on deck, video game retailer GameStop (GME) is gearing up for a turnaround. But for investors, that new direction is as yet unclear. Shares of GameStop sank by 27% on Thursday, logging their worst day since March even after the company reported first-quarter results that topped estimates. Sales grew by a better-than-expected 25% to $1.28 billion, while adjusted losses narrowed to 45 cents per share, compared to losses of $1.61 per share during the same period… Source link

If there was any modicum of hope left in Buffalo for Sabres captain Jack Eichel to be still on their team next season, it should be gone by now. Amidst uncertain reports on what their intention this offseason is, Sportsnet’s Elliotte Friedman appeared on Buffalo’s WGR 550 to further solidify the likelihood of a trade this summer. Eichel, 24, has five years remaining on his contract at a cap hit of $10 million. The one true kicker is that he will be earning a no-move clause after next… Source link

The waiver wire is full of exciting options at the moment. Whether you’re in need of a slugger or a speedster, there are hitters who can help you out. And the pitchers are just as exciting, with those who produce strikeouts or saves waiting to join your squad. Haase has been one of baseball’s most powerful players of late, having produced six home runs and a 1.833 OPS since the beginning of June. And his hot bat has earned him additional playing time considerations, as 4 of his 17 starts… Source link

Jun 12th 2021 San Francisco ANOTHER DAY, another antitrust case against big tech. In May alone the attorney-general of the District of Columbia filed a complaint against Amazon, Germany’s competition authority went after Amazon and Google to determine whether they have “paramount significance for competition across markets”, and its Italian counterpart hit Google with a €100m ($122m) fine for restricting access to Android Auto, a version of the firm’s mobile operating system for… Source link

(Bloomberg) — U.S. equities rose and government bonds held around the lowest level since March as investors assessed data that showed consumer prices rose more than forecast last month. The S&P 500 was trading around its all-time high as all the main American equity indexes advanced. The tech-heavy Nasdaq 100 was headed toward its highest level since late April as megacap technology stocks rallied. The 10-year Treasury yield eased back below 1.5% following an initial surge in the wake of the… Source link

Google claims that it has developed artificial intelligence software that can design computer chips faster than humans can. The tech giant said in a paper in the journal Nature on Wednesday that a chip that would take humans months to design can be dreamed up by its new AI in less than six hours. The AI has already been used to develop the latest iteration of Google’s tensor processing unit chips, which are used to run AI-related tasks, Google said.    “Our method has been used in production… Source link

Salesforce (CRM) CEO Marc Benioff says the software giant’s upcoming $27.7 billion acquisition of messaging app Slack Technologies (WORK) will help the cloud company become “a key leader in the future of work.” “We’re going to rebuild all of our technology, once again, to become Slack-first to help our customers have a harness to work in this new world — where you’re working at home; you’re working in the office; you’re working at events; you’re working anywhere. Well, if you’re going to be… Source link

Google is using machine learning to help design its next generation of machine learning chips. The algorithm’s designs are “comparable or superior” to those created by humans, say Google’s engineers, but can be generated much, much faster. According to the tech giant, work that takes months for humans can be accomplished by AI in under six hours. Google has been working on how to use machine learning to create chips for years, but this recent effort — described this week in a… Source link

U.S. states saw the fewest new unemployment claims since March 2020 last week, with initial filings down for a sixth straight week as economic activity picked up further.  The Department of Labor released its weekly report on new jobless claims on Thursday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus data compiled by Bloomberg: Initial jobless claims, week ended June 5: 376,000 vs. 370,000 expected and an unrevised 385,000 last week  Continuing claims,… Source link