This year’s holiday season will be definitively better than last year’s. Nearly 220 million Americans have been vaccinated against Covid-19, compared with essentially none in 2020. Total employment is 5 million more than last December and work is slowly getting back to normal. Plus, there’s no presidential election for anybody to try to sabotage this year. Yet the outrage industry wishes you a Terrible Christmas, and pandemic hangover effects might just make it so. Snarled supply lines… Source link

Market volatility has dipped since September, but the nation’s top bankers are warning that choppiness could be coming back soon — thanks to the Federal Reserve. In earnings calls this week, executives at the largest U.S. banks said price swings could be back as the central bank attempts to slow (and then reverse) its easy money policies launched last year to insulate the economy from the effects of the COVID-19 pandemic. “It’s good to be watchful right now,” Morgan Stanley (MS) CEO… Source link

Week 6 of the 2021 Fantasy Football season is here, and our analysts have revealed whom they would choose in their Yahoo Daily Fantasy lineups this week using a budget of $200. The ultimate goal: To build the perfect lineup. It’s hard to ignore what Lamar Jackson is in the midst of doing right now. The Baltimore Ravens‘ quarterback is on pace for over 5,000 passing yards and over 1,000 rushing yards, which is mind-boggling in and of itself. So, it’s no surprise to see Lamar in nearly all of… Source link

Caterpillar (CAT) is poised to drive into the middle of a new financial “megacycle” that could send its stock price higher by at least 25%, argues Cowen analyst Matt Elkott. “We are projecting a megacycle of financial performance for Caterpillar in the next three years starting in 2021. Growth in revenue, gross margin, operating margin and EPS. It’s fairly consistent with the consensus, but I think what is somewhere overlooked here is this will be the first time in 14 years that Caterpillar… Source link

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Technology stocks rally * Big banks rise as profits beat forecasts * UnitedHealth jumps on strong results * Indexes up: Dow 1.6%, S&P 500 1.7%, Nasdaq 1.8% (New throughout, updates prices, market activity and comments adds dateline, changes byline) By Caroline Valetkevitch NEW YORK, Oct 14 (Reuters) – U.S. stocks surged on Thursday as companies including Bank of America and UnitedHealth… Source link

JPMorgan CEO Jamie Dimon said recently bitcoin is worthless. Morgan Stanley CEO James Gorman said Thursday crypto isn’t a fad, but isn’t sure on the outlook for prices.  Jurrien Timmer, Fidelity’s director of global macro, is more clear-minded on the direction for bitcoin: $100,000 by 2023.  “So this move up [in bitcoin] has come without the help of momentum chasers, which I think is a good sign because it means there is something else making bitcoin go up. And, that is fundamental demand… Source link

The U.S. continues to struggle to increase vaccinations, despite recent gains from employer mandates. The struggle of public health and government agencies to cut through anti-vaccine messaging is partially to blame, experts say.  Two experts who have been monitoring and sharing trusted information, as well as calling out misinformation, are Dr. Peter Hotez, dean of the School of Tropical Medicine at Baylor College of Medicine in Texas, and Dr. Eric Topol, director of the Scripps Research… Source link

Thomas Kurian’s arrival at Google Cloud in early 2019 after more than 22 years at Oracle marked a significant shift in Google’s thinking, putting an emphasis on expanding its cloud’s business use by enterprises as the key to making up ground on Amazon Web Services (AWS) and Microsoft Azure in the booming global cloud market. Google Cloud has closely followed that enterprise drumbeat over the past two-plus years, building out its infrastructure, extending its each from the cloud… Source link

Google’s giant data centres are temples of the information age. Built for consumer services that reach billions of people, they also serve as a platform for the search company’s push into cloud computing — a market that could one day be even larger than its advertising business. This week, however, Google tried a different tack. In its latest bid to catch up with Amazon and Microsoft in cloud computing, it took a step beyond its own data centres. In the process, it shone a… Source link

Google announced today it’s changing the way search works on mobile devices, initially in the U.S. Now, when you reach the bottom of a set of search results on your phone, you won’t have to tap to go to the next page. Instead, the next set of results will automatically load so you can continuously scroll down to see more information. The change will roll out on the mobile web and will be supported on the Google mobile app for both iOS and Android in the U.S. for most… Source link