Monthly Archives: November 2021

Omicron variant hits travel and reopening stocks — is it time to buy?

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

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Jack Dorsey called founder-CEOs ‘a single point of failure’ — here are some other founder-CEOs

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

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Judge orders Google to hand over anti-union strategy documents

Google will have to turn over documents outlining its anti-union strategy in response to a National Labor Relations Board complaint against the online search giant, according to an order issued Friday. The board first filed its complaint against Google in December 2020, accusing the company of spying on employees, blocking employees from speaking with each other about work conditions and firing several employees in retaliation for attempting to unionize, all of which are illegal under… Source link

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Fed Chairman Jerome Powell retires the word ‘transitory’ in describing inflation

The nation’s economic steward said it will back off of using the word “transitory” to describe the fast pace of price increases, as Federal Reserve policymakers acknowledge the increasing risk of more persistent inflation. “We tend to use [the word transitory] to mean that it won’t leave a permanent mark in the form of higher inflation,” Fed Chairman Jerome Powell told Congress on Tuesday. “I think it’s probably a good time to retire that word and try to explain more clearly… Source link

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Should You Buy Yandex NV (YNDX) in Internet Content & Information Industry?

Yandex NV (YNDX) is near the top in its industry group according to InvestorsObserver. YNDX gets an overall rating of 40. That means it scores higher than 40 percent of stocks. Yandex NV gets a 70 rank in the Internet Content & Information industry. Internet Content & Information is number 120 out of 148 industries. YNDX has an Overall Score of 40. Find out what this means to you and get the rest of the rankings on YNDX! What do These… Source link

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Home price growth in the US slows down in September

Home price growth in the U.S. is starting to decelerate. Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 19.5% annual gain in September, down from 19.8% from August. The 20-City Composite posted a 19.1% annual gain, down from 19.6% a month earlier. The 20-City results came in lower than analysts’ expectations of a 19.3% annual gain, according to Bloomberg consensus estimates. “If I had to choose only one word to describe September… Source link

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MTS Belarus starts selling new Presigio tablet and Yandex.Station Mini smart speaker – Telecompaper

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Google signs deal to buy power from Orsted’s German offshore wind farm

COPENHAGEN, Nov 30 (Reuters) – Danish offshore wind developer Orsted (ORSTED.CO) on Tuesday said it has secured a 12-year power purchase agreement with Google (GOOGL.O), which aims to power all its data centres and offices using solely carbon-free electricity by 2030. The U.S. tech giant will take 50 megawatt (MW) of output from Orsted’s planned 900 MW Borkum Riffgrund 3 wind farm in the German North Sea. While making it possible for big firms to source green power, such deals also provide a… Source link

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The real Omicron fear factor that’s moving the market: Morning Brief

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, November 30, 2021 Investors are less spooked by the virus than officials’ reaction to it Out of nowhere last week, the Omicron variant of COVID-19 appeared out of nowhere to sow fear, confusion — and lots of red ink on Wall Street.  As the World Health Organization’s director general so eloquently phrased it, the mutation’s big… Source link

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