Don’t back up the truck just yet on stocks even in the wake of Friday’s brutal Omicron variant fueled sell-off, warns one long-time strategist. “I just don’t think we hit the level on the S&P 500 where I am willing to say this is a screaming buying opportunity right now,” said iCapital Network chief investment strategist Anastasia Amoroso on Yahoo Finance Live. “We don’t see that from the oversold technical levels and also we have another potentially negative catalyst here which is the… Source link

The bull market of 2021 may be on temporary hold as investors assess the economic risk from the new Omicron variant of COVID-19, warns Goldman Sachs. “We think a broad risk recovery may be impeded in the near term by the need to digest the prospect of a more hawkish Fed and a less consistent cyclical tailwind. Ironically, the Omicron scare itself may now create the best possibilities for relief in the coming weeks, either because incoming news is better than feared or because it prompts… Source link

As backlogs in the U.S. supply chain continue to threaten shipping and deliveries this holiday season, consumers’ purchasing habits and plans appear to be relatively unwavered. According to ChargeItSpot founder and CEO Doug Baldasare, the majority of shoppers the company surveyed are not changing their gift buying approach this year. “We’ve seen a gradual and steady return to brick-and-mortar shopping. As we’ve looked at the last 12 months, it’s really been a pretty steady upward trend,”… Source link

Jack Dorsey logging out as Twitter CEO is a good thing for investors, contends veteran internet analyst Brent Thill at Jefferies. “I think everyone is excited for the change,” Thill said on Yahoo Finance Live. “The company has not achieved its full vision.” Thill rates Twitter’s stock a Hold. Dorsey said Monday he is stepping down as CEO. He will be replaced by CTO Parag Agrawal, who has been with Twitter for more than a decade. “I’ve decided to leave Twitter because I believe the company is… Source link

Google The year is officially ending, and Google is rounding out 2021 with its annual best of apps list. Balance and Pokémon Unite top the list, but all sorts of other apps and games have received awards. Balance is an app designed to help with meditation and sleep, which is especially helpful with the current state of things. The app’s description says, “Improve your stress, sleep, and more with the world’s first personalized meditation program, now free for your first year.”… Source link

The anti-monopoly regulation unit of the Eurasian Economic Commission has completed an investigation into Russian internet search engine Yandex, reports Vedomosti. The investigation looked at potential abuse of the company’s dominant position in the internet search advertising market. Source link

Google pulls the plug on e-commerce giant Wish in France for listing unsafe goods | Fortune … Source link

Google today announced the winners of its “Best of 2021” app awards, which highlight both the company’s and users’ picks for the best apps and games from the past year. This year, Google is expanding its awards lineup to include apps and games on tablets, Wear OS and Google TV, it says. Its U.S. winners included meditation app Balance as its app of the year and top game Pokémon UNITE. Meanwhile, Paramount+ and Garena Free Fire MAX won the user’s choice awards. In 2020, the… Source link

Elizabeth Holmes’ high-stakes decision to testify in her own defense could reach its most risk intense phase Monday as prosecutors’ inevitable cross-examination draws nearer. The failed blood-testing entrepreneur is scheduled to return to the stand for her fourth day of testimony. Holmes, founder and CEO of the now defunct Silicon Valley biotech startup, Theranos, faces 11 counts of fraud for allegedly lying to investors and patients about her company’s capabilities. Each count carries… Source link