U.S. stock futures were muted on Tuesday after the S&P 500 took a breather in earlier trading, closing out a choppy session day in the red after the index ceased a four-day climb toward its 70th all-time high. Contracts on the Dow, S&P and Nasdaq ticked up slightly but were mostly flat. Markets closed on a mixed note following seesaw action from all three major indexes as investors weighed rising coronavirus cases across the globe. After reaching an intraday high, the S&P 500 reversed course… Source link

(Bloomberg) — James Cayne, the cigar-puffing college dropout who parlayed a stint as a professional bridge player into a job as a bond broker on Wall Street, where he led Bear Stearns Cos. to record profits, then to the brink of collapse, has died. He was 87. Most Read from Bloomberg He died on Tuesday at Monmouth Medical Center in Long Branch, New Jersey, days after suffering a stroke, said his wife, Pat. Until 2007, Cayne, known as Jimmy, was one of Wall Street’s brightest stars. Bear… Source link

Google doesn’t always know best. Despite warnings to avoid travel after a massive snowstorm that started Christmas weekend closed major highways, thousands of people insisted on trying to drive into or out of the socked-in Sierra Nevada.   Some needed to get home. Some wanted to visit family. Some just wanted to play in the snow. Some were led astray by poor judgement. And many were led astray by Google Maps, which offered alternate driving routes that sent drivers to snowy dead ends.

With only three trading days left in 2021, the results are in: Yahoo Finance users visited the AMC Entertainment Holdings (AMC) ticker page 194,914,925 times this year — making it the site’s top trending ticker of 2021.  Here are the top 10 tickers rounding out the list. 1. AMC Entertainment Holdings (AMC) Edging out Tesla by a cool 30 million views, it’s fitting that AMC would land on top of the heap — and not entirely surprising — in a year where retail traders arose to become an… Source link

It appears that Google Maps may have guided weary Lake Tahoe travelers to closed-off and even dangerous roads amid record-setting snowfall. Social media posts, including from Crystal Kolden, a professor of forest sciences at UC Merced, have condemned the service for redirecting travelers away from closed highways to potentially precarious shortcuts. “This is an abject failure,” tweeted Kolden Monday evening. “You are sending people up a poorly maintained forest road to their death in a… Source link

The Holiday Bowl is the latest bowl to not play as scheduled due to COVID-19 cases. After Fox Sports reported Tuesday afternoon that UCLA would be unable to play N.C. State because of a lack of defensive linemen, UCLA confirmed that it wouldn’t be able to participate in the game set to kick off at 8 p.m. ET.  The Holiday Bowl was set to be played at Petco Park because there is no major football stadium in San Diego. San Diego State has been playing home games in Carson, California. And Petco… Source link

Christmas may be over, but for investors, the gifts may have only just begun. The “Santa Claus Rally” looks to send 2021 off on a high note for the stock market. The S&P 500 (^GSPC) set a record high for the second consecutive day on Tuesday, subsequently falling a bit in light of a small midday tech stock sell-off. ‘Ho, ho ho’, stocks on the rise? The last five trading days of the year and the first two trading days of the next year together are often the biggest week of the year for the… Source link

Text size Peloton Bike+ Courtesy of Peloton Peloton… Source link

Peloton (PTON) may be losing some popularity after a series of headline setbacks, according to analysis of Google Search trends out of Raymond James on Tuesday.  “Historically, Google Search Trends data has correlated well with Peloton hardware sales. Based on our updated analysis, the search trends data indicates continued softening of demand for Peloton sales in the December quarter. Google Trends data indicate U.S. Search Trends have declined 30% year-over-year in the December quarter… Source link

Buffalo Bills head coach Sean McDermott respects New England Patriots coach Bill Belichick. McDermott attempted to walk back a quote from earlier in the season where he appeared to take a shot at Belichick after the Patriots beat the Bills.  Following Buffalo’s loss in Week 13, McDermott said, “Let’s not give more credit than we need to give credit to Bill Belichick in this one.” It came off as petulant considering Belichick’s Patriots just won the game.  McDermott said he never meant it… Source link