Stock futures opened higher Tuesday evening to recover some losses after a selloff earlier, when more hawkish remarks from Federal Reserve Chair Jerome Powell compounded with lingering uncertainty around the Omicron variant and its impacts on the economy.  Contracts on the S&P 500 rose after the index closed lower by nearly 2% Tuesday afternoon. The S&P 500 closed out November with a monthly drop of 0.8%, with volatility over the past week wiping out prior gains following the discovery of… Source link

Apple (AAPL) shares closed at all-time highs on Tuesday, at $165.30. The stock was up more than 3%, as investors flocked to the iPhone maker amid a broader market selloff.  “It seems to be like a flight to safety trade,” Matt Maley managing director equity strategist Miller Tabak told Yahoo Finance on Tuesday.  Some analysts have also noted the company’s impressive cash flows would help it weather any future downturn. The stock’s upward movement came on the same day Fed Chair Jerome Powell Source link

John Wall‘s absence only benefits the Houston Rockets‘ ability to lose games. Unless you consider being paid $44.3 million to not play at some cost to his own legacy a benefit for the 31-year-old five-time All-Star. The Rockets and Wall met on Sunday to discuss his future, and they left with little more clarity beyond the veteran’s desire to resume playing to his capability. Public discourse on the issue — largely framed as a refusal from Wall to accept less than a starting job — has… Source link

Juan Garzon/CNET A batch of… Source link

Twelve weeks are down and six remain in the regular season. The injury bug struck again in a big way last week, providing us with some value daily fantasy football plays to complement some higher-priced investments. We’re pairing Joe Burrow with Joe Mixon as a sneaky stack to headline our Week 13 Yahoo DFS lineup. Mixon has scored a pair of receiving touchdowns, so it’s not irresponsible to gamble on a third connection this week. Of course, we’ll mix in some… Source link

The volatile but never boring market for Bitcoin (BTC) has been whipsawed in recent days, as investors ponder whether there are better returns to be had in other cryptocurrencies, even as a new COVID-19 variant and the Federal Reserve’s policy outlook shake up the landscape. With news of the Omicron strain of COVID-19 unsettling investors, Bitcoin shed over 2% on Tuesday as Fed Chairman Jerome Powell dropped several hints that the central bank is growing more attentive to inflationary risks,… Source link

Not all airline stocks are created equal in the currently topsy-turvy market environment. Renewed volatility in the airline sector should be considered the short-term new normal as traders assess the risk from the new Omicron variant. But there are a few names in the troubled space to consider as longer term buys if one is able to stomach the near-term wild up-and-down swings. Long-time airline sector analyst Helane Becker of Cowen said in a note to clients on Tuesday she continues to have Buy… Source link

Investors should be closely watching for buying opportunities in reopening stocks in the travel and ride-sharing sectors that have been hit hard this past week amid Omicron variant fears, according to EvercoreISI tech analyst Mark Mahaney. “We have processes in place as societies, cultures manage this [the pandemic. If you have a sell-off on the ride-sharing stocks, the travel stocks that is probably a buying opportunity. I find it hard to believe we will have a repeat of the stocks we had… Source link

Twitter (TWTR) founder Jack Dorsey announced on Monday, Nov. 29, that he would be stepping down from his role as CEO after nearly 16 years at the company, with CTO Parag Agrawal filling his shoes. Dorsey will remain CEO of payments platform Square (SQ), a company which he also founded. “Parag is CEO starting today [Nov. 29],” he said in an email with Twitter staff, which he also tweeted. “I’m going to serve on the board through my term (May-ish) to help Parag and Bret [Taylor] with… Source link

Federal Reserve Chairman Jerome Powell said Tuesday that the central bank could end its asset purchase program a few months sooner than currently planned, signaling confidence in the economic recovery despite jitters over the Omicron variant of the coronavirus. “We now look at an economy that is very strong and inflationary pressures that are very high and that means it’s appropriate for us to discuss at our next meeting — which is in a couple weeks — whether it would be appropriate to… Source link