The market is fighting hard to shrug off a carousel of concerns ranging from an expiring debt ceiling to potential contagion from a bust of overly-indebted China real estate development Evergrande.  But any rally off the recent lows may prove short-lived, contends Binky Chadha, Deutsche Bank chief markets strategist. The veteran strategist reiterated his call for a deep stock market correction on Thursday.  “I would say this [week’s] sell-off was very much a garden variety pullback rather… Source link

A new Google TV feature will allow users to use their Android mobile devices as remotes for those moments when your streaming box’s wand disappears without a trace. Android mobile remote support for Google TV arrives today after the company initially announced the feature during Google I/O back in May. (A spokesperson told The Verge the tool will only be available for Android at this time and did not have anything further to share about future iOS support.) … Source link

Federal agents policing a makeshift encampment for a surge of migrant Haitians in Del Rio, Texas, have stopped using horse patrols after images surfaced of law enforcement on horseback chasing down migrants. The images brought a swift rebuke, with lawmakers criticizing the practice as inhumane and a vow for a swift investigation from the Biden administration. Homeland Security Secretary Alejandro Mayorkas testified this week before Congress about the images. Department of Homeland Security… Source link

Funding a Roth IRA through the “backdoor” has been a favorite move of aggressive savers in recent years. But the benefit may be much less prevalent if Democrats pass their ambitious multitrillion-dollar budget reconciliation bill. The backdoor Roth maneuver lets a high-income earners contribute money to a traditional IRA and then convert it into a Roth to skirt income limitations in the Roth program, but still take advantage of the tax benefits. Once the move is made – and the relevant… Source link

BRUSSELS, Sept 23 (Reuters) – Alphabet (GOOGL.O) unit Google is seeking to settle an EU antitrust investigation into its digital advertising business, a person familiar with the matter said, a move that could help it stave off a disruptive, lengthy probe and a possible hefty fine. EU antitrust cases have cost Google more than 8 billion euros ($9.4 billion) in fines in three different cases in the last decade and it has also been ordered to change its business practices to allow rivals to… Source link

Former Defense Secretary Jim Mattis testified on Wednesday in the fraud trial of entrepreneur Elizabeth Holmes, saying that he had been given a false impression about the capability of the blood testing product put forward by her now-defunct company Theranos. The testimony from Mattis, who sat on the board of the company for three years, is a central part of the prosecution’s case characterizing the fallen Silicon Valley star as a savvy operator who misled investors. Regardless of the trial’s… Source link

On Thursday after the bell, Nike (NKE) will report first-quarter results, and while most analysts believe that the sportswear giant will post strong earnings, supply chain issues as a result of factory closings in Vietnam loom large. Analysts polled by Bloomberg predict Nike will report adjusted earnings per share of $1.15 on revenue of $12.472 billion. Over the past few months, COVID-19 cases in Vietnam have continued to rise. However, its vaccination rates have continued to lag behind its… Source link

Target (TGT) has devised a novel way to partially get around the looming (and likely severe) retail worker shortage for this year’s all-important holiday shopping season.  Invest even more in the retailer’s current workforce. Target said Thursday it will hire fewer workers this holiday season. But, it will provide 5 million more hours to its existing workforce at a total cost of $75 million. The company said it would have store leaders “check in” with existing workers to understand their… Source link

While that one setting covers a lot of bases when it comes to how your personal information is used, there’s more you can adjust. You can limit other data the company collects about you, like videos you watch on YouTube, your location, product reviews you’ve left, even your Google profile. Then you can ask the company not to target ads to you at all, if you find them more invasive than helpful. Source link

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 Thursday, September 23, 2021 The famed ‘Fed put’ is alive and well. The Federal Reserve isn’t entirely asleep at the switch on soaring prices, and doesn’t appear to be committing a policy error — at least not yet. Those were the main takeaways from Wall Street’s reaction to the Fed’s policy decision, which sent a market addled by… Source link