U.S. equity futures zigzagged Monday morning after the S&P 500 and Nasdaq Composite closed out their first three-quarter losing streak since the 2008 Global Financial Crisis and the Dow its first such time since 2015. Futures tied to the benchmark S&P 500 index nudged up 0.2%, while Dow Jones Industrial futures jumped 100 points, or around 0.4%. Meanwhile, contracts on the technology-heavy Nasdaq Composite slipped by about 0.2%. Sizeable moves in energy markets kicked off the week, with oil… Source link

(Reuters) – Credit Suisse and Citigroup became the latest brokerages to bring down their 2022 year-end targets for the S&P 500 index, as U.S. equity markets bear the heat of aggressive central bank actions to tamp down inflation. Credit Suisse cut its target for the benchmark index by about 10% to 3,850 points on Monday, citing the impact of rising interest rates and slowing economic growth on third-quarter earnings. Citigroup trimmed its year-end target by a more modest 4% to 4,000. The S&P… Source link

Google is increasingly looking like a giant that has a hard time innovating. Driving the news: Google’s decision to shut down Stadia, its three-year-old cloud-based gaming service, marks the company’s latest failure to turn a technical breakthrough into a growing business. Why it matters: Google faces a long-term fight with the rest of Big Tech’s giants — Amazon, Apple, Microsoft and Meta — for talent and revenue. The big picture: From its earliest days Google built a culture that embraced… 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 Monday, October 3, 2022. Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. The fourth quarter for the stock market could be as cold as the third quarter — after all, what is there to be excited about at the moment? Interest rates are rising. Housing… Source link

Google pulled its search engine from China in 2010 because of heavy government internet censorship. Since then, Google has had a difficult relationship with the Chinese market. The end of Google Translate in China marks a further retreat by the U.S. technology giant from the world’s second-largest economy. Budrul Chukrut| SOPA Images | LightRocket | Getty Images Alphabet’s Google on Monday said it shut down the Google Translate service in mainland China, citing low usage. The move marks the end… Source link

Subscribe to the Yahoo Fantasy Football Forecast Matt Harmon is joined by Scott Pianowski on Sunday evening to recap Sunday’s NFL games from a fantasy perspective. Find out why the guys are reconsidering their position on the Atlanta Falcons, why they’re done listening to CeeDee Lamb criticism, who would be the #1 overall pick if fantasy drafts happened today and a whole lot more. 01:00 WAKE UP 02:30 Vikings 28, Saints 25 08:45 Seahawks 48, Lions 45 16:35 Eagles 29, Jaguars 21 23:10 Bills 23,… Source link

NEW YORK–(BUSINESS WIRE)–Today, Yahoo launched a new and improved Mail app that offers an inbox experience designed to save time, money and improve productivity. The redesigned app easily manages digital receipts, gift cards, subscriptions and package tracking, allowing users to find what they need even faster. With new organizational features that filter consumers’ inboxes, attachments, and even travel itineraries, the updated Yahoo Mail app offers users quick and easy access… Source link

Over the weekend, Google suspended its translation service in mainland China, ending another attempt by the U.S.-based tech company to return to the Chinese market amid Beijing’s drive to more tightly control the country’s internet. Mainland Chinese users trying to access Google Translate in China were instead shown a static image of a generic Google search bar, and a link to the company’s Hong Kong-based domain. (Google in Hong Kong is uncensored and blocked to mainland Chinese… Source link

5 Things I care about Patrick Mahomes is an alien Football is an incredible sport. I love fantasy football, stats and all of that but they so often don’t encapsulate the greatness of what these players do on the field. There isn’t a number out there that will do justice to some of the wild feats Patrick Mahomes put on the field Sunday night. From escaping pass rushers to insane arm angles to touchdown passes no human being has any business attempting — much less completing — Mahomes did… Source link

Patrick Mahomes has a gift. It’s hard to make fellow NFL players look foolish. The Kansas City Chiefs quarterback does it routinely. In an anticipated matchup with the Tampa Bay Buccaneers and Tom Brady on Sunday night, Mahomes had two ridiculous plays in the first half. The first came when Buccaneers cornerback Carlton Davis should have had an easy sack, but Mahomes ducked underneath him, stayed alive just long enough while continuing to keep his eyes up, and delivered a pass to JuJu… Source link