Investors’ focus this week will be on earnings results, with some of the most heavily weighted companies in the S&P 500 poised to deliver their quarterly reports. Over the past couple of weeks, most of the companies that posted earnings results topped Wall Street’s estimates, despite widespread concerns over the impact of supply chain challenges to corporate profits. These better-than-feared results helped power both the S&P 500 and Dow to fresh record highs in the past week.  As of Friday,… Source link

The EV kingpin, Tesla Inc. (NASDAQ:TSLA), has delivered yet another stellar earnings report that has again cemented its credentials as one of the few electric vehicle manufacturers ready to challenge the ICE hegemony. For years, naysayers and short-sellers like Citron Research were willing to bet the house that Elon Musk’s high-wire act wouldn’t end well, with the preordained denouement being a bankruptcy or a sale.  But those speculations have been short-lived: The rapid-fire company has… Source link

Gaps in Google’s cybersecurity strategy make banks, financial institutions, and larger enterprises slow to adopt the Google Cloud Platform (GCP), with deals often going to Microsoft Azure and Amazon Web Services instead. It also doesn’t help that GCP has long had the reputation that it is more aligned with developers and their needs than with enterprise and commercial projects. But Google now has a timely opportunity to open its customer aperture with new security offerings… Source link

Third-quarter earnings season is underway, and one of the most closely watched stocks just presented its scorecard: Tesla Inc.  (NASDAQ:TSLA). Tesla reported record-breaking results, beating expectations on EPS and revenue. Though the company’s stock dropped briefly following the report, Tesla has been on a tear ever since, even crossing the $900 mark in early trading Friday morning.  Those certainly are impressive top-and bottom-line growth numbers if the EV company is able to meet them,… Source link

Alabama is back in the top three. The Crimson Tide moved to No. 3 in the AP Top 25 after a big win over Tennessee on Saturday. Alabama jumped Oklahoma after the Sooners needed a second-half comeback to beat Kansas. The Sooners fell a spot to No. 4.  Georgia and Cincinnati stayed in the top two spots. The Bulldogs were off on Saturday and Cincinnati beat Navy 27-20.  Ohio State stayed at No. 5 after shredding Indiana. The Big Ten has four teams in the top 10 again after Iowa moved up from No…. Source link

In a flipping of the script, a leading cryptocurrency project and its co-founder are suing the Securities and Exchange Commission (SEC). The lawsuit was filed Friday by Terraform Labs, the company behind the Terra decentralized finance protocol, and its co-founder Do Kwon, who confirmed in the filing that he and his company were served with SEC subpoenas at last month’s Messari crypto conference in New York City. Terra’s Luna cryptocurrency is currently the 11th largest by market… Source link

The situation in which employers find it hard to hire and the supply chain crisis forces businesses to hike prices is likely to persist for at least 6 to 12 months, one bank chief said. “The realities of things like… wage pressures… supply chain pressures… all these things are going to continue to contribute to this wage inflation that we’re seeing,” Wells Fargo CEO and President Charles Scharf told Yahoo Finance’s Andy Serwer at the annual Milken Institute Global Conference.  Noting… Source link

China’s property bubble just got pricked — this could mean trouble for the stock market New home prices in China slid 0.8% in September. It was the country’s first real estate decline in six years, triggered largely by the Evergrande fiasco. Residential sales, meanwhile, tumbled 17%. Given China’s massive role in global trade, its problems could easily extend to the U.S. economy and spark something worse than inflation: stagflation. Stagflation refers to an economy that’s experiencing… Source link

The Pixel 6 Pro.  Andrew Hoyle/CNET … Source link

Over the last year, the narrative surrounding central bank digital currencies (CBDCs) has advanced considerably. From an almost entirely conceptual discussion, CBDCs are now in various stages of research and development to ascertain how they could work in practice. China’s digital yuan is currently leading the pack. Following several pilots, the Chinese government is expected to roll out its CBDC to a population of over a billion people in 2022. While no other country has yet reached the… Source link