U.S. stocks were little changed Tuesday as investors processed a deluge of earnings reports and a revised forecast from the International Monetary Fund (IMF) indicating the global economy is set to “slow significantly” amid Russia’s invasion of Ukraine. The S&P 500 and Nasdaq each opened near the flatline after both indexes settled at one-month lows at the end of Monday’s session. The Dow Jones Industrial Average also hovered around breakeven. Meanwhile, Treasury yields continued their climb,… Source link

War in Ukraine, raging inflation and a clouded economic outlook were top of mind for executives at financial firms last week as they recapped an underwhelming quarter on Wall Street in their post-earnings calls with investors. But another widely-cited topic in those conferences went largely under the radar: heavy talk of imminent blockchain plans from some of the industry’s biggest firms. BlackRock (BLK), JPMorgan Chase (JPM) and Goldman Sachs (GS) were among the major financial institutions… 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, April 19, 2022 Today’s newsletter is by Emily McCormick, a reporter for Yahoo Finance. Follow her on Twitter Everybody’s talking about a recession that may not come — anytime soon. Calls for a downturn have escalated in recent months amid soaring inflation, inverted Treasury yield curves, and the specter of tighter monetary policy from… Source link

Investors should lean toward owning stable stocks amid the increasingly volatile economic backdrop and hope for the best, fancies Goldman Sachs. Goldman strategist Ben Snider said in a new note Tuesday that stable stocks — or ones that sport low share price and earnings growth volatility — are a must-own in this current moment. The strategist said the investment bank’s basket of stable growth stocks has outperformed the S&P 500 by five percentage points during the past six months as… Source link

Two of Russia’s largest search engines have removed results for Facebook, Instagram and several independent news websites after authorities blocked or declared them “extremist.” Meduza, Mediazona, Deutsche Welle, Current Time, Kholod, The Insider and other news outlets that have been providing independent coverage of Russia’s invasion of Ukraine were also removed from search results. Yandex and VK-owned Mail.ru said Monday they have stopped giving out the search results… Source link

Two of Russia’s largest search engines have removed results for Facebook, Instagram and several independent news websites after authorities blocked them or declared them “extremist” amid Moscow’s invasion of Ukraine. Meduza, Mediazona, Deutsche Welle, Current Time, Kholod, The Insider and other news outlets that have been providing independent coverage of the invasion have been removed from search results. Yandex and Mail.ru-owned VKontakte said Monday they stopped… Source link

Apollo Global Management is thinking about taking part in a bid for Twitter, a Wall Street Journal report said Monday (April 18). This comes after the $43 billion bid from Elon Musk, the current richest man in the world and the CEO of Tesla. Twitter, despite being a popular platform, has had issues trying to grow, the report said. Apollo is one of the biggest buyout firms in the world. It has held discussions already about backing a potential deal for Twitter. That could give Musk or someone… Source link

Google executives announced this week that they’ll invest $25 million in their company’s Montgomery County data center this year. Specific details on how the funding will be distributed were not available, but the announcement was part of a corporate-wide, $9.5 billion investment confirmed for 2022. Google has a $600 million data center in Corporate Business Park North off Guthrie Highway. “All I do know is that the $25 million relates to the current data center, but Google had no other… Source link

Mel Kiper Jr. won’t be on site in Las Vegas next week for the NFL draft. The longtime ESPN draft analyst will participate in draft coverage from his home studio in Maryland because he is unvaccinated against COVID-19, he announced on Twitter on Monday. Kiper said he will still be part of ESPN’s coverage for all three days of the draft — which will mark the 39th of his career. “I completely support everyone determining what’s best for their individual circumstance and recognize the… Source link

It is less than five days before he walks to the ring at Wembley Stadium in London to defend his titles against Dillian Whyte and heavyweight champion Tyson Fury still has not disassociated himself from alleged mobster Daniel Kinahan. Promoter Frank Warren told the BBC Monday that Kinahan, whom the U.S. government contends runs one of the largest drug cartels in the world, has had no involvement in Saturday’s bout for the WBC and lineal heavyweight titles. But Fury, who was pictured with… Source link