Stock futures opened slightly higher Tuesday evening as traders looked ahead to more economic data out Wednesday morning. Contracts on the S&P 500 and Nasdaq were each slightly higher after the indexes set record levels yet again during the regular trading day. Dow futures also ticked up. The major U.S. stock indexes have moved only modestly so far this week, hovering at or near record levels while traders await more catalysts to push equities higher. Many have pointed to the prospects of… Source link
Read More »Yearly Archives: 2021
Citing spike in crime, affluent Atlanta district looks to secede from city: ‘It’s a war zone’
Photo illustration: Yahoo News; photos: Getty Images Thanks to a sharp rise in crime in an affluent district in Atlanta, residents have mounted a campaign to secede from the majority Black city. The Buckhead district is known for its luxury high-rise apartments, lavish restaurants and trendy boutique shops, but a spike in robberies, aggravated assault and larceny over the past year has left many in the community dismayed. Saying that Atlanta has abandoned them, they’ve formed the Buckhead… Source link
Read More »Intel Falls on Latest Server Chip Delay; Rival AMD Gains
(Bloomberg) — Intel Corp. fell after saying a new version of its Xeon server chip line will go into production in 2022, rather than by the end of this year as promised, the latest in a series of delays that have cost the company technology leadership of the chip industry.Rival Advanced Micro Devices Inc. rose after Intel said Tuesday that a chip design, code-named Sapphire Rapids, will begin production in the first quarter of 2022 with the “ramp” beginning the following quarter. The… Source link
Read More »‘Fat’ 401(k)s causing people to retire early: Oxford Economics
The stock market’s all-time highs are doing wonders for workers’ 401(k)s, with the largest number of 401(k) and IRA millionaires in history, according to Fidelity data. As a result, many people are dropping out of the workforce to retire earlier than planned, turning their backs on a job seeker’s market. The Federal Reserve is letting the economy run especially hot in an attempt to bring back people into the workforce, Oxford Economics’ senior economist Bob Schwartz wrote in a note to… Source link
Read More »Serena Williams withdraws after on-court injury
Serena Williams won’t be making history at Wimbledon this year. In the middle of the first set of her Round 1 match against Aliaksandra Sasnovich, Williams slipped on the grass while planting one of her legs, injuring her knee. Williams exited briefly to be treated by a trainer. She returned and attempted to continue the match, in tears as she tried to serve without putting any extra weight on her injured leg. She was able to manage for a short while, but suddenly crumpled to the ground in… Source link
Read More »Stock market faces two big headwinds: Goldman Sachs
Goldman Sachs’ closely watched chief U.S. equity strategist David Kostin isn’t ruling out more upside for the stock market into year end, but he does acknowledge gains will be tougher to generate. “You’ve got two big headwinds facing the market in the next six months that I think is likely to restrain the appreciation. The first issue is higher rates [interest]. The idea of higher rates is typically associated with some lower valuations,” Kostin said on Yahoo Finance Live. Kostin says the… Source link
Read More »Coinbase complaints jump as bitcoin and crypto interest soars, study finds
As Bitcoin and other digital coins rise in popularity, so have the number of gripes with the largest cryptocurrency exchange in the U.S., according to a new study. Coinbase was the most complained-about crypto digital wallet in the Consumer Finance Protection Bureau’s complaint database, according to a study done by the U.S. Public Interest Research Group, with the volume of filings — albeit starting at a low level — accelerating this year. “Coinbase should be investigating consumer… Source link
Read More »‘Exhausted’ restaurants turn to technology to address worker shortages
As COVID-19 restrictions loosen across the United States, the hospitality industry — which was walloped by the pandemic — is experiencing a new challenge: too few workers available to address soaring demand for dining out. A furious debate is underway over what’s behind the labor shortage, which is prompting restaurants to adapt by modernizing with kiosks and digital ordering. Many are biting the bullet and ponying up more in compensation just to attract employees. “A lot of us are… Source link
Read More »Tesla is being attacked by rivals and now its stock price is at risk: UBS
A day after Tesla (TSLA) CEO Elon Musk turned the big 50, UBS is sending him a belated digital birthday gift. UBS analysts led by Patrick Hummel slashed the firm’s price target on Tesla’s stock to $660 from $730. The group maintained its Neutral rating on Tesla shares. But, the analysts cut their EPS estimates for 2021 by 11% and by 10% for 2022. In an extensive dive into the EV industry’s outlook, UBS voiced several noteworthy concerns for the diehard Tesla bulls. “While results from our… Source link
Read More »Google taps AI to identify COVID-19 vaccine name variations
Where does your enterprise stand on the AI adoption curve? Take our AI survey to find out. In May during its Google I/O 2021 developer conference, Google demoed multitask unified model (MUM), a system trained on 75 languages at once that can simultaneously understand different forms of information including text, images, and videos. Today, Google revealed that it’s using MUM to identify variations in the names of COVID-19 vaccines across multiple languages, which the company… Source link
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