DAVOS, Switzerland — Economist Nouriel Roubini is ratcheting up his fiery commentary on the stricken cryptocurrency industry, particularly toward FTX and its now-disgraced founder, Sam Bankman-Fried, commonly known as SBF. “FTX and SBF are not an exception — they’re a rule,” the NYU professor, who is known as “Dr. Doom” for his dire perspectives on global trends, said on Yahoo Finance Live at the World Economic Forum in Davos, Switzerland, on Wednesday (video above). “Literally 99% of… Source link

DAVOS, Switzerland — Economist Nouriel Roubini is ratcheting up his fiery commentary on the stricken cryptocurrency industry, particularly toward FTX and its now-disgraced founder, Sam Bankman-Fried, commonly known as SBF. “FTX and SBF are not an exception — they’re a rule,” the NYU professor, who is known as “Dr. Doom” for his dire perspectives on global trends, said on Yahoo Finance Live at the World Economic Forum in Davos, Switzerland, on Wednesday (video above). “Literally 90% of… Source link

Microsoft (MSFT) announced on Wednesday that it is laying off 10,000 workers as part of an effort to cut costs at the tech behemoth. The layoffs impact roughly 4.5% of Microsoft’s 221,000 total employees. The cuts are expected to be completed by Microsoft’s fiscal Q3, which ends March 31. Microsoft says the layoffs will result in a $1.2 billion charge, representing -$0.12 per share. The Redmond-based company previously announced layoffs in October, shedding as many as 1,000 jobs, according… Source link

welcomeinside/iStock via Getty Images Investment thesis After qualifying Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) as a long-term investment opportunity based on my in-depth fundamental analysis, I want to discuss the stock from a technical perspective. The stock has lost 45% since the beginning of its decline and is priced under its most important moving averages, facing significant overhead resistance, while the stock is still not building relative strength, despite the relevant industry group… Source link

U.S. stocks rose modestly at Wednesday’s open as investors continued to parse through more corporate financial updates for signs of the “earnings recession” many analysts have warned about. Investors also assessed the release of more economic data, as retail sales slumped more than expected and producer prices came in cooler than expected. The S&P 500 (^GSPC) edged 0.3% higher, while the Dow Jones Industrial Average (^DJI) added 55 points, or 0.2%. The technology-heavy Nasdaq Composite ( Source link

Google’s Pixel Watch has plenty of good things goin’ for it. But one part of the Wear OS software that remains decidedly meh is its system calendar integration. It’s a frustrating limitation not just for the Pixel Watch but for Wear OS on the whole and virtually any associated gadget. Somewhat shockingly, for a company that claims Google Calendar as one of its most popular and important productivity products, Google has yet to grace its wearable operating system… Source link

DAVOS, Switzerland — Citi employees working remotely better be cranking on those spreadsheets, because CEO Jane Fraser is assessing the productivity data she is being provided. “You can see how productive someone is or isn’t, and if they’re not being productive, we bring them back to the office, or back to the site, and we give them the coaching they need until they bring the productivity back up again,” Fraser reportedly said at a Bloomberg event this week at the World Economic Forum…. Source link

We’re set for a nine-game slate Wednesday night that features plenty of what should be highly competitive games. There are three contests between teams with .500 or better records and several others featuring clubs hovering right around the .500 mark. As customary, we’ll highlight multiple advantageous positional matchups to exploit at each position for your Yahoo Fantasy lineups, as well as a good trio of candidates that may be best to steer clear of due to a combination of… 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 Wednesday, January 18, 2023 Today’s newsletter is by Myles Udland, Head of News at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market news on the go with Yahoo Finance App. Goldman Sachs’ (GS) quarterly results posted Tuesday served as the final marker of a year investment bankers won’t soon want to… Source link

The American Express La Quinta, CaliforniaPGA West (Stadium Course) – Par 72 – 7,187 yardsPGA West (Nicklaus Tournament Course) – Par 72 – 7,147 yardsLa Quinta Country Club – Par 72 – 7,060 yardsField – 156 entrantsPurse – $8M The Preview The Hawaiian Swing culminated this past weekend with Si Woo Kim chipping in for birdie on Waialae’s par-3 17th before adding another tweeter on his 72nd hole of the tournament to ultimately outlast Hayden Buckley by one at the Sony Open. Traveling back to the… Source link