Big investors are beginning to worry about several key fundamentals that underpin the stock market.  Global growth expectations have continued to “fall markedly” in September, according to the latest survey of fund managers out of Bank of America. The survey found that economic growth expectations are at their lowest level since April 2020.  Expectations for economic growth plunged 14 percentage points from BofA’s August survey. BofA said in the report that macroeconomic optimism is… Source link

U.S. House Ways and Means Committee Chairman Richard Neal (D-Mass.) promises the $3.5 trillion budget reconciliation bill will, “both address our perilously changing climate and create new, good jobs, all while strengthening the economy and reinvigorating local communities.” But Maya MacGuineas, the president of the nonprofit Committee for a Responsible Federal Budget, said politicians are punting on taxes and the promise to bring the bill in on budget. “What we’re seeing coming out of the… 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 Tuesday, September 14, 2021 A geopolitical struggle barely in the early stages, with big implications At the height of former President Donald Trump’s trade war with China in 2019, I wrote about the hydra-headed controversies that were turning Sino-American flashpoints into an epochal fight for geopolitical dominance. In short, there was a… Source link

Google has been fined 207.4 billion won (around $177 million) in South Korea for abusing its dominant market position to stop device manufacturers from using modified versions of Android, Bloomberg reports. Specifically, the Korea Fair Trade Commission (KFTC) is taking issue with the anti-fragmentation agreements (AFA) Google has manufacturers like Samsung sign, which prevents it from making changes to the operating system. The ruling prohibits Google from forcing manufacturers to sign… Source link

Google Chrome is under attack, the tech giant warns, as it patches 11 security issues in its … [+] browser. (Photo by Jaap Arriens/NurPhoto via Getty Images) NurPhoto via Getty Images Google has revealed that two weaknesses in Chrome are under active attack, as users have been urged to update their browser to avoid becoming a victim. They were reported to Google via an anonymous party and were given a severity rating of “high.” Little more information was… Source link

Russian software giant Yandex confirmed at the end of last week that it succeeded in repelling a distributed denial-of-service (DDoS) attack that took place last month and at the beginning of this month, claiming that it was the biggest attack of its kind in history. One of the products marketed by the company is a service for protection against such attacks.  According to an official statement by the company, the attack – in which the malicious actors tried to flood the computer system… Source link

David Gray | Bloomberg | Getty Images South Korea’s competition regulator on Tuesday announced it will fine Google 207.4 billion Korean won ($176.9 million) for allegedly using its dominant market position in the mobile operating system space to stifle competition. Google’s Android operating system currently holds the lion’s share of the smartphone market, ahead of Apple’s iOS platform. The U.S. tech giant allegedly used its market position to block smartphone makers like Samsung from using… Source link

Google app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo SEOUL, Sept 14 (Reuters) – South Korea’s antitrust regulator on Tuesday fined Alphabet Inc’s (GOOGL.O) Google 207 billion won ($176.64 million), saying the U.S. technology giant abused its dominant market position to restrict competition in the mobile operating system market. The Korea Fair Trade Commission (KFTC) investigated Google for allegedly blocking local smartphone… Source link

Stock futures opened higher Monday evening after a mixed session earlier, as traders awaited a highly anticipated new inflation report. Contracts on the S&P 500, Dow and Nasdaq were each slightly higher as the overnight session kicked off. During the regular trading day, the S&P 500 and Dow rose to each end five-session losing streaks, while the Nasdaq extended last week’s losses.  On Tuesday, traders are set to receive the Labor Department’s August consumer price index (CPI), which is likely… Source link

The logo of Google Play is seen on a screen. Alexander Pohl | NurPhoto | Getty Images Wall Street analysts on Monday began to provide early reactions into how a recent ruling in Epic’s lawsuit against Apple might impact Google. On Sept. 10, a judge ruled Apple can’t prohibit developers from giving consumers links to pay for in-app purchases outside of the App Store, bypassing Apple’s 30% fee. While the judge didn’t find Apple monopolistic, the company’s shares declined 3% on the news and Google… Source link