Stock futures opened slightly higher Monday evening after a mixed session, as investors further mulled the market implications of Federal Reserve Jerome Powell’s renomination to lead the central bank. Contracts on the S&P 500 rose. Earlier, the blue-chip index set an all-time intraday high before pulling back to end in the red, with a drop in technology stocks dragging on the index. The Nasdaq underperformed with a drop of more than 1%, while the Dow ended narrowly in the green. Shares of… Source link

What happened Russian tech stock star Yandex (NASDAQ:YNDX) fell 10.2% through 3:15 p.m. ET on Monday — and you can probably blame Russian President Vladimir Putin for that. As the English-language The Moscow Times said this morning, currently both the Russian ruble and Russian stocks are “in the red as talk of military confrontation spooks investors.”  Image source: Getty Images. So what For weeks, diplomats have been warning that the Russian… Source link

Not every sector of the market is a longer-term buy even with stocks continuing to be on autopilot, warn strategists at Goldman Sachs.  Some of the worst stocks to own in a U.S. economy trying to claw back from the COVID-19 pandemic are those with high exposure to tight labor markets, which runs the risk of pressuring profit margins as wages are hiked. “Labor market tightness will remain a challenge during the next few years. Investors should avoid stocks with high labor costs relative to… Source link

This story is part of Holiday Gift Guide 2021, our list of ideas, by topic, by recipient and by price, to help you discover the perfect gift.

Drilling for oil and gas and mining for bitcoin might seem like an odd couple. One is more than 150 years old. The other has existed for a little over a decade. One is a staple of industrial development, squarely grounded in the world of atoms. The other is an innovation of a digital era, financial plumbing for the world of bits. One involves sweaty outdoor work. The other involves a lot of math and abstraction inside cavernous air-conditioned data centers. If the founders of bitcoin miner JAI… Source link

Stocks gained on Monday at the start of a holiday-shortened week, as traders considered the highly anticipated renomination of Federal Reserve Chair Jerome Powell to the top role at the central bank.  The Dow added more than 250 points, or 0.8%, during morning trading. The S&P 500 and Nasdaq each also advanced. Investors kicked off the week on a strong note, with equity and bond-market trading set to close fully on Thursday and early on Friday for the Thanksgiving holiday.  President Joe… Source link

(Bloomberg) — Over a span of four decades, Jaime Gilinski has quietly amassed a fortune exceeding $4 billion by expanding his family’s group of companies and pushing into new areas like banking, finance and real estate. Most Read from Bloomberg At 63, the Colombian native is embarking on his biggest gamble yet: a $2.2 billion bid to buy a majority stake in foodmaker Grupo Nutresa SA with the royal family of Abu Dhabi. For the deal to succeed, he’ll need to convince a group of investors in… Source link

People who use Messages may stop feeling like texting pariahs. Screenshot by CNET … Source link

If you’ve ever texted with an Android user, you know how conversations can quickly get overrun with “Jason laughed at” this or “Roman liked” that messages. As soon as an Android user joins a group conversation, Apple’s iMessage reaction expressions turn to text prompts so no one misses out on what’s happening. That’s changing thanks to the latest Google Messages update that’s rolling out. According to 9to5Google, who previously dug through the APK for a beta version… Source link

Apple’s (AAPL) project to build an electric car with full autonomous capabilities has a “75%, 80% plus chance” of becoming a reality, Wedbush Securities managing director and senior equity analyst Dan Ives told Yahoo Finance Live in an interview Friday. Apple has reportedly long been working on building an electric car model, but has yet to release any public information on the project. Apple’s EV project first came to public light in early 2015 when it became known that Apple was… Source link