U.S. stock futures gained Friday morning, though the major indexes are still headed for losses for the week after concerns over persistent inflation and the resilience of the U.S. economy stirred up further volatility in recent sessions. Contracts on the S&P 500 and Nasdaq rose more than 1%, and Dow futures added more than 200 points during the pre-market sessions. The sharp move higher came after Federal Reserve Chair Jerome Powell reaffirmed in an interview with Marketplace public radio on… Source link

(Bloomberg) — Money is leaving every asset class and the exodus is deepening as investors rush out of names like Apple Inc., according to Bank of America Corp. strategists. Most Read from Bloomberg Equities, bonds, cash and gold all saw outflows in the week ended May 11, strategists led by Michael Hartnett wrote in a note, citing EPFR Global data. At $1.1 billion, technology stocks suffered their biggest withdrawals so far this year, second only to financials, which lost $2.6 billion. “The… Source link

Crypto billionaire Sam Bankman-Fried took a 7.6% stake in Robinhood Markets.FTX Crypto billionaire Sam Bankman-Fried disclosed that he owns about 56.3. million shares in Robinhood Markets. News of his 7.6% stake in Robinhood sent shares of the trading platform up over 30% in late trade. Bankman-Fried is the founder and CEO of cryptocurrency exchange FTX. Shares in Robinhood Markets surged more than 30% in late trade after crypto billionaire Sam Bankman-Fried disclosed a 7.6% stake in the online… Source link

Share Tweet Share Email The Yahoo Academy has revealed the forty top emerging leaders who have scored coveted spots in Yahoo’s talent building program. Now in its ninth year, the program is the longest-running industry talent building initiative in the country. Nominations flooded in from senior leaders in brands, advertising and media agencies across Australia and New Zealand. The 2022 cohort features talent from major and indie agencies as well as brand marketers directly, who will receive… Source link

NBC announced on Thursday that they’ve tapped Maria Taylor to replace Mike Tirico as host of “Football Night in America,” the pre-show that airs before “Sunday Night Football.” “Maria is the perfect choice to carry the legacy forward of anchoring the most-watched studio show in sports,” NBC Sports Executive Producer Sam Flood said in a statement. “Football Night in America” needed a new lead after Mike Tirico, NBC’s ubiquitous sports host, was moved over to SNF play-by-play. He’s taking… Source link

One of the coolest things about the Pixel A-series was that it was an inexpensive way to get the very same class-leading camera as the main Pixel models. It’s one of the reasons I bought a Pixel 3A years ago — that, and it was in stock at Best Buy with in-store pickup. It was also one of the top reasons why the Pixel A-series was our go-to recommendation for the best budget Android phone for years. Everything else about the phone — screen, processor, battery — was fine, but the… Source link

Wells Fargo thinks this one asset may be ‘the next big play’ — for nervous investors, it could also serve as a much-needed safe haven According to Wells Fargo, the rest of 2022 looks good for the price of gold. Thanks to hot inflation, geopolitical uncertainty and a crashing stock market, the banking giant sees gold as the next big opportunity for investors — particularly in relation to bitcoin. “On the store-of-value front, bitcoin has been getting much of the attention lately, but we… Source link

You’re reading the web edition of STAT Health Tech, our guide to how tech is transforming the life sciences. Sign up to get this newsletter delivered in your inbox every Tuesday and Thursday.  Mental health tech companies are bracing for the FDA to tighten the reins In April 2020, the Food and Drug Administration announced an emergency policy giving companies wide berth to release apps to address a mental health crisis that experts feared would only get worse under lockdown. It… Source link

Disney (DIS) reported second quarter financial results after the bell on Wednesday that missed on both the top and bottom lines, although net additions for its fledging streaming platform Disney+ came in at 7.9 million, well above estimates of 4.5 million. The surprise upswing caused shares to climb as much as 5% in after-hours trading; however, Disney quickly erased those gains during the company’s earnings call in which CFO Christine McCarthy warned on both a tough economic environment as… Source link

Faisal Masud knows what it takes to make a multibillion-dollar company thrive. The 49-year-old spent more than two decades working his way up the executive ranks at Amazon, Google, eBay and Staples. Now, he’s trying to implement lessons from those successful firms as the CEO of Fabric, a Seattle-based e-commerce start-up that launched in 2016 and is valued at $1.5 billion. (The company stylizes its name as “fabric,” to avoid confusion with online insurance company Fabric Technologies.) Masud… Source link