U.S. stocks fell in volatile trading Wednesday after the Federal Reserve delivered its seventh and final interest rate increase of 2022 and Chair Jerome Powell asserted in hawkish remarks that further tightening is underway. The central bank lifted its key policy rate by half a percentage point, slowing the pace from hikes of 75 basis points across the prior four meetings. The move brings the federal funds rate to a new range of 4.25% to 4.5%, the highest level since December 2007. The S&P 500… Source link

Stock Market Coverage – Thursday Morning December 15 Yahoo Finance – Yahoo Finance Source link

The Federal Reserve raised short-term interest rates Wednesday by a half percentage point, slowing down its pace of rate hikes from this summer’s torrid clip. The rate hike brings the Fed’s benchmark policy rate, the federal funds rate, to a new range of 4.25%-4.5%, the highest level since December 2007. Wednesday’s 50 basis point rate hike comes after the Fed raised rates by 75 basis points at each of the past four policy meetings — its most aggressive stretch since the 1980s. “Recent… Source link

Individual investors piled into Tesla (TSLA) on Tuesday, seeing the recent drawdown in shares of the electric vehicle giant as a dip-buying opportunity for their favorite stock. Tesla was the most popular buy among retail traders in Tuesday’s session, according to data from VandaTrack — even as the company missed out on a rally across the broader indexes following a lighter-than-expected inflation report. Shares of Tesla slid 4.1% on Tuesday to close around $161, while the S&P 500, Dow, and… Source link

Google confirms an update to its spam detection system, called the December 2022 link spam update, is rolling out now and will take up to two weeks to complete. Today, with our December 2022 link spam update, we’re leveraging the power of SpamBrain to neutralize the impact of unnatural links on search results. The update launches today & will take about two weeks to rollout. Learn more: https://t.co/ACO2Ut8wmi — Google Search Central (@googlesearchc) December 14, 2022 What’s In… Source link

Fifteen Republican state attorneys general sent letters to the CEOs of Apple and Google on Wednesday demanding they increase their age ratings for the TikTok app. State governments have increasingly taken aim at the video-hosting platform for its ties to Beijing and the mature content on it. The letters argue that the app’s “Teen” rating in the Google Play Store and “12+” rating in the Apple App Store are deceptively low. “We’ve known for a long time how TikTok… Source link

Just when you thought the Google Search updates were done for the year, Google has rolled out a December 2022 link spam update. This update will take about two weeks to roll out and is a global update. What Google said. Google wrote, “Our launch today, which we refer to as the December 2022 link spam update, will take about two weeks to fully roll out. Ranking may change as spammy links are neutralized and any credit passed by these unnatural links… Source link

There’s now an official page to answer the question: “Is Google down right now?” Google is rolling out a search status dashboard that will inform you, in real-time, whether there’s an issue with crawling, indexing, or serving search results. Previously, Google’s Site Reliability Engineers (SRE) informed searchers about outages via the Google Search Central Twitter account. Now, Google will use the Search Status Dashboard to communicate the status of its search engine. Is Google… Source link

The U.S. Department of Justice and the Securities and Exchange Commission filed parallel lawsuits against eight social media influencers, alleging they engaged in a pump-and-dump stock manipulation scheme that fleeced their followers out of $100 million. The SEC announced fraud charges on Wednesday against seven self-proclaimed “FinTwit” financial gurus on Twitter: Perry Matlock a/k/a “PJ Matlock;” Edward Constantin a/k/a “Edward Constantinescu” and “MrZackMorris;” Thomas… Source link

Google executives reportedly told employees they don’t think chatbots are ready to replace search. Employees asked execs if failing to launch a chatbot like OpenAI’s ChatGPT is a “missed opportunity,” CNBC reported.  Alphabet’s CEO and Google’s head of AI said the company has a greater “reputational risk” than startups like OpenAI. … Source link