Stock futures opened lower on Thursday after a sell-off during the regular trading day, with geopolitical concerns ramping further to trigger a risk-off move in markets. Contracts on the S&P 500 fell. The index dropped more than 2% earlier, while the Dow dropped 1.8% for its worst day since November. Technology and growth stocks renewed declines, and the Nasdaq Composite dropped 2.9%. The CBOE Volatility Index (VIX), or “fear gauge,” spiked more than 15% to top 28. Another apparent reversal in… Source link
Read More »Monthly Archives: February 2022
Google Invests in Skills Training Program for Low-Income Workers
The job programs, Year Up and Merit America, will receive grants to train students in technical skills with content from Google career certificate courses in information technology support, data analytics, project management and user experience design. Both nonprofits already use the Google coursework, which provides general technical training but does not teach students to master Google software tools. But a major part of successful training programs, experts agree, is what they do beyond… Source link
Read More »Surprising number of QBs in Round 1
You’ve heard the narrative: The 2022 NFL draft is not a strong quarterback class. But we’re here to tell you that even if that is true, it might not matter. Teams need quarterbacks. A lot of teams. Tom Brady retired (we think). So did Ben Roethlisberger. The Colts appear ready to move on from Carson Wentz. The Titans might feel the same about Ryan Tannehill. Several other clubs might seek long-term answers at the position. And what about the supply? Aaron Rodgers might stay put. So could Source link
Read More »Crypto should be regulated by CFTC, not SEC, Treasury: Ex-official
The Commodity Futures Trading Commission, rather than the Securities and Exchanges Commission or the U.S. Treasury, should supervise cryptocurrency markets, its former chairman told Yahoo Finance in an interview on Friday. As the debate over digital token oversight takes shape and the White House prepares an overarching strategy, J. Christopher Giancarlo said it’s time for Congress to take the lead and permit his former agency to run point on the asset class’ regulation. An inter-agency… Source link
Read More »Fisker Ocean electric SUV ‘on schedule’ for November deliveries, CEO says
Electric vehicle (EV) company Fisker (FSR) unveiled its Ocean EV SUV in late November at the Los Angeles Auto Show with the goal of making the car “the world’s most sustainable vehicle.” The base model, named the Ocean Sport, will start at $37,499 before any government incentives. CEO and chairman Henrik Fisker said that customers may be able to get their hands on the Ocean later this year. “We have seen [that] the first parts coming in [for the Ocean] are very high quality for this… Source link
Read More »Spotify reportedly paid $200 million for Joe Rogan’s podcast — double the previously known price
Vivian Zink/Syfy/NBCU Photo Bank/NBCUniversal via Getty Images Spotify’s exclusivity deal with “The Joe Rogan Experience” was initially valued at $100 million. But the streamer actually paid Rogan double what was reported, sources told The New York Times. That brings the podcaster’s total payday to $200 million over three and a half years. Spotify paid $200 million for the exclusive streaming rights to “The Joe Rogan Experience,” according to a Thursday report by The New York Times. That’s double… Source link
Read More »Google Invests in Skills Training Program for Low-Income Workers
The job programs, Year Up and Merit America, will receive grants to train students in technical skills with content from Google career certificate courses in information technology support, data analytics, project management and user experience design. Both nonprofits already use the Google coursework, which provides general technical training but does not teach students to master Google software tools. But a major part of successful training programs, experts agree, is what they do beyond… Source link
Read More »Whistleblower Frances Haugen: I believe in crypto
Whistleblower Frances Haugen, a former product manager who left her position at Meta (FB) last year and leaked thousands of internal company documents, told Yahoo Finance that she supports cryptocurrency for the same reason she disclosed the corporate secrets: Transparency. In a new interview, taped on Feb. 9, Haugen voiced enthusiasm for cryptocurrency and praised decentralized financial networks as a new type of system that emphasizes democratic governance and increased disclosure. “I do… Source link
Read More »Russian invasion of Ukraine could trigger ‘stagflationary wind’: Mohamed El-Erian
President Joe Biden and U.S. officials including Secretary of State Antony Blinken are sounding the alarm on a potential impending Russia invasion of Ukraine. That’s adding to pressure on equity markets, as one prominent economist warns of the stagflationary risks if there is indeed military conflict. “If it were to get worse — which is a big if — a very strong stagflationary wind would blow through the global economy,” Mohamed El-Erian, president of Queens College at Cambridge… Source link
Read More »Costco will ‘be an absolute titan on the internet’
Billionaire investor Charlie Munger reiterated his confidence in Costco (COST) even after the stock’s record run-up. “I’ve always believed that nothing was worth an infinite price. So even an admirable place like Costco could get to a price where you would say that’s too high,” Munger said during The Daily Journal’s annual shareholder meeting on Wednesday. “But I would argue that, if I were investing money for some sovereign wealth fund or some pension fund, and I had a 30-, 40-, 50-year time… Source link
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