Bloomberg Inflation Angst Is About to Rewrite the Stock Market Playbook (Bloomberg) — For bond investors, inflation is pretty much all bad news, eating into the value of future returns. For equity traders, the tidings can be less categorically awful, given the ability of certain companies to wring profits from higher prices.While there will be plenty of stock-market casualties should price pressures perk up, history suggests the landscape isn’t devoid of opportunity. Energy shares have been… Source link

(Bloomberg) — Bitcoin’s losses accelerated, with prices tumbling below $50,000, as investors started to bail on the market’s frothiest assets. The cryptocurrency tanked as much 18% on Tuesday and traded around $48,750 as of 10:41 a.m. in New York. While the selloff only puts Bitcoin prices at the lowest in about two weeks, investors are starting to wonder whether it marks the start of a bigger retreat from crypto or simply represents volatility in an unpredictable market. “Today’s… Source link

Apple (AAPL) has spent the past 30 years hitting a lot of home runs. It launched everything from the iMac to the iPod to the iPhone, to the iPad, Apple Watch, and AirPods. What’s more, it’s pushed deeper into recurring revenue businesses with its AppleCare, Apple Music, and Apple TV+. But according to Wedbush analyst Dan Ives, the tech titan has made one major misstep: not buying Netflix (NFLX). Ives, who has an outperform rating on Apple’s stock, said that doing so would have put the… Source link

Today it might seem that Google’s power and success were inevitable — thanks to Larry Page and Sergey Brin cracking the search code — but the reality is quite different. Google was born in a state of war in the early 2000s, subject to the whims of Microsoft, a tech goliath whose Internet Explorer browser was on 90 percent of all computers at the time and essentially controlled most people’s access to Google’s search engine. And even though Google won that battle, it’s faced… Source link

JPMorgan Chase and Google launched a program Tuesday to help banks owned and led by people of color increase their lending capabilities. The new initiative is dubbed “Empowering Change.” It’s designed to help banks that are majority-owned or directed by people of color provide JPMorgan-backed money market funds to large companies. Most minority depository institutions wouldn’t have the resources to service those companies otherwise. The program offers the same services… Source link

More than a year after facing widespread criticism over its patient data-sharing arrangement with hospital chain Ascension, Google on Tuesday unveiled new details and a name for a core product of the partnership. The tool — a kind of Google search for electronic medical records — is called Care Studio and will now be available to roughly 250 clinicians in pilot mode. The software that lets clinicians search through reams of patient health record data without needing to know precisely… Source link

Home price growth in the U.S. accelerated in the final month of 2020 — the fastest pace in eight years. The results top off what was a record year for the housing market despite the COVID-19 pandemic. Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 10.4% annual gain in December, up from 9.5% in November — the fastest growth rate since 2013. The 20-City Composite posted a 10.1% annual gain, up from 9.2% the previous month — beating… Source link

(Bloomberg) — U.S. equity futures slid with European stocks on Tuesday as the jump in bond yields and commodity prices continued to hammer technology shares. Nasdaq futures slumped 1.7% a day after the tech-heavy gauge posted its longest losing streak in four months. Tesla Inc. dropped 5% in pre-market trading as investors continued to punish stocks that have led the rally from the depths of the pandemic a year ago. In Europe, tech shares dragged the Stoxx 600 Index lower. Budding inflation… Source link

Google tells The Verge it has now patched Journey to the Savage Planet, one of the first and last games from one of Google’s own studios, after players discovered it had game-breaking bugs and that technical support was no help. It was originally unclear who might fix the game, since its developers had seemingly moved on; Journey to the Savage Planet debuted on Stadia on February 1st, the same day Google shut down its Stadia studios and its employees were either absorbed into other… Source link

TipRanks 3 “Strong Buy” Stocks From the Best Analysts on Wall Street Almost two months into 2021, the market appears undecided about where it is heading next. In fact, many investors fear the market is due for a serious correction, especially for the wide selection of richly valued stocks. It is an environment that requires fussier stock picking. Or maybe it’s prudent to turn in such times to the best at spotting where the next opportunity lies. And for best, we mean the cream of the… Source link