U.S. stock futures were flat ahead of overnight trading Wednesday following a hawkish readout of minutes from the Federal Reserve’s last policy-setting meeting that hinted officials were poised to intervene more aggressively to curb inflation, sending the major indexes tumbling in the earlier session. Futures tied to the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite hugged the flatline in extended trading after a two-day losing streak for the benchmarks. The tech-heavy Nasdaq,… Source link

Google is preparing to clear its Play Store of outdated apps. The company warned Android app developers that starting on November 1, 2022, it will hide apps and block their installation to users’ devices if developers haven’t kept up with the latest Android OS releases. Specifically, Google said apps that don’t target an Android API within two years of the latest major Android release version will no longer be able to be discovered or installed by new users whose devices run… Source link

A version of this post was originally published on TKer.co Deutsche Bank made waves on Tuesday when its economists became the first of the major Wall Street analysts to say the U.S. economy would soon go into recession. “Two shocks in recent months, the war in Ukraine and the build-up of momentum in elevated U.S. and European inflation, have caused us to revise down our forecast for global growth significantly,” Deutsche Bank economists, led by David Folkerts-Landau and Peter Hooper,… Source link

Topline Dozens of apps—including Muslim prayer apps, a speed-trap alert app and a QR-code reader—were removed from the Google Play Store around March 25 after researchers found they included software for secretly collecting user data that was developed by a company with ties to U.S. security agencies, the Wall Street Journal reported Wednesday. The Google Play Store reportedly included dozens of apps that secretly harvested user data on behalf … [+] of a Panama-based… Source link

This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Wednesday, April 6, 2022 The Amazon union win in Staten Island could spread to the rest of Big Tech Amazon (AMZN) is officially the first Big Tech company to face the threat of a union telling it what to do. And that could energize workers across other tech companies to seek the same kind of… Source link

If you are willing to be flexible, a decent deal on an airline ticket could be had for this spring and summer. “I know everyone is on the deal hunt. So I would suggest looking at your Tuesdays and Saturdays. If you can be flexible, there are opportunities to travel for cheap,” said MKM Partners airline analyst Conor Cunningham on Yahoo Finance Live. Higher prices for airfare are currently the norm, however. Domestic airlines are seen increasing fares by 7% on average each month until June,… Source link

A man in a keffiyeh smirks at something off-camera. Electronic Gaming Development Company (EGDC), a subsidiary of a foundation run by Saudi crown prince Mohammed bin Salman, now owns 96.18% of Japanese developer SNK following a massive investment. According to an announcement sent to SNK investors in February, EGDC recently acquired a majority of SNK’s shares on the South Korea stock exchange, where the King of Fighters and Samurai Shodown studio has been publicly traded since 2019. Read… Source link

While some experts are beginning to sound the alarm over the threat of stagflation for the remainder of 2022, a combination of surging inflation and slowing growth poses an ever-growing risk to markets. 22V Research founder Dennis DeBusschere believes that investors should indeed expect stock market returns to be muted in the medium term. “So we’ll start with the upside. It seems pretty clear to us that the Fed needs to ratchet down demand growth,” DeBusschere told Yahoo Finance Live…. Source link

Wall Street isn’t feeling JetBlue’s (JBLU) surprise bid for low-cost fare rival Spirit Airlines (SAVE). “In the near- to medium-term, we view this as a negative for JetBlue. It is a much tougher merger to execute than the proposed Frontier-Spirit merger with greater dis-synergies primarily related to labor costs but also due to greater investments related to changing cabin layouts,” said Raymond James analyst Savanthi Syth in a research note on Wednesday. “While leverage levels appear… Source link

Google is adding a new “step-by-step guided tour” of privacy and security settings in Chrome to sift through the many available controls, the company announced Wednesday. The new guide will include separate pages about some settings, each containing descriptions of what happens when a feature is turned on. There will also be notes on “things to consider,” such as the fact that turning history sync on means that the URLs you visit will be saved to your Google account. You can… Source link