Roughly a year from today, the S&P 500 will likely have gone nowhere, strategists at Bank of America Global Research said in their year-ahead outlook published Monday. Equity strategists at BofA set a 2023 year-end price target of 4,000 on the benchmark index — an increase of less than 1% from Monday’s close of 3,963.94 — as annual earnings per share for the S&P 500 are seen declining 9% next year to $200. This drop in earnings reflects a figure roughly 15% below current estimates. In… Source link

Roughly a year from today, the S&P 500 will likely have gone nowhere, strategists at Bank of America Global Research said in their year-ahead outlook published Monday. Equity strategists at BofA set a 2023 year-end price target of 4,000 on the benchmark index — an increase of less than 1% from Monday’s close of 3,963.94 — as annual earnings per share for the S&P 500 are seen declining 9% next year to $200. This drop in earnings reflects a figure roughly 15% below current estimates. In… Source link

The Board of Russian tech giant Yandex announced last Friday that it had “commenced a strategic process to review options to restructure the group’s ownership and governance”, citing “the current geopolitical environment.”  In particular, the Board confirmed that it would explore options “to enable the development of certain services (including the… Source link

The Board of Russian tech giant Yandex announced last Friday that it had “commenced a strategic process to review options to restructure the group’s ownership and governance”, citing “the current geopolitical environment.”  In particular, the Board confirmed that it would explore options “to enable the development of certain services (including the… Source link

TikTok has become enormously popular with teens and young adults globally, and one U.S. senator is sounding the alarm on the security risks that the Chinese-operated app poses to the general public. “My kids are now in their early 30s and late 20s, so I can’t completely regulate what they’re doing,” Sen. Mark Warner (D-VA) recently said on Yahoo Finance Live (video above). “But if I had young kids, I wouldn’t want them on TikTok.” Warner, a former technology and telecommunications executive… Source link

Photo illustration by Jakub Porzycki/NurPhoto via Getty Images Yahoo’s latest deal underscores its move to boost revenues and use its cash to grow its core businesses, including Yahoo Sports, Yahoo Finance and Yahoo Mail. Why it matters: Acquired last year by Apollo Global Management, Yahoo plans to add on new commerce and transaction businesses, such as sports betting and, according to a company source, retail stock trading. Of note: Yahoo generates around $8 billion in GAAP revenues… Source link

Researchers from Google’s Robotics team have open-sourced Code-as-Policies (CaP), a robot control method that uses a large language model (LLM) to generate robot-control code that achieves a user-specified goal. CaP uses a hierarchical prompting technique for code generation that outperforms previous methods on the HumanEval code-generation benchmark. The technique and experiments were described in a paper published on arXiv. CaP differs from previous attempts to use LLMs to… Source link

Ronaldo watches as a protester carrying a rainbow flag runs onto the field Monday during Portugal’s game versus Uruguay at the Qatar World Cup. (Photo by Francois Nel/Getty Images) LUSAIL, Qatar — In what initially appeared to be the first in-game demonstration in support of LGBTQ rights at the 2022 World Cup, a protester disrupted Monday night’s game between Portugal and Uruguay by running onto the field with a rainbow flag. The protester also wore a shirt that read “RESPECT FOR IRANIAN… Source link

Former Finance Minister Aleksei Kudrin, once a leading liberal in President Vladimir Putin’s inner circle, is leaving public service to go into business. He is set to take charge of Yandex, Russia’s leading IT company. The transformation of a senior official into a businessman appears to be one of those common attempts to convert political capital into money. However, for Kudrin, it is also a chance to distance himself from the Kremlin and the war. At a closed-doors meeting last week,… Source link

In the face of an uncertain economic recovery for communities of color, gendered and racialized pay gaps, and tech talent shortages, RISE, powered by The Mom Project in partnership with Google unlock ways to build opportunity for underserved women in the workforce NEW YORK, Nov. 29, 2022 /PRNewswire/ — RISE, the not for profit, equity-focused upskilling arm of The Mom Project, has announced that upon reaching its two-year anniversary of its partnership with Google, more than 5200… Source link