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Federal Reserve will jackup interest rates 10 times before 2025: Goldman Sachs

Brace for a heavy dose of interest rate hikes out of the Federal Reserve, warns strategists at Goldman Sachs.  “Our economists expect the Fed will begin its hiking cycle at the March meeting and hike a total of four times in 2022. They expect an additional three hikes in 2023 and three hikes in 2024. The market is currently pricing a similar pace of tightening in 2022 but expects fewer total hikes this cycle,” said Goldman Sachs strategist Ben Snider in a research note on… Source link

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Google, NBA and JPMorgan workers have access to rapid covid tests amid broader shortage

“Our entire pandemic response has been inequitable, and it’s our capitalist economy. It’s so inequitable that Google gets to give tests to the rich people, and the poor people don’t [get tests],” said Monica Gandhi, a professor of medicine at the University of California at San Francisco, who studies infectious diseases. “The private schools get them, and the public schools don’t. Our entire response has been one of inequity.” Source link

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Inflation threatens to turn 2022 into ‘annus horribilis’ for Powell, Biden: Morning Brief

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 Thursday, January 13, 2021 Surging prices are now both an economic and political risk “Annus horribilis,” a Latin term that means “horrible year” is a term once famously deployed by the Queen of England to describe 1992, a tumultuous year upon which she declared she would not regard fondly. Given current trends, the same label may yet apply… Source link

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Real Time Bidding Market to grow by USD 16.52 bn | ABB Ltd. and Adobe Inc. Among Key Vendors

NEW YORK, Jan. 13, 2022 /PRNewswire/ — The real time bidding market size is expected to increase by USD 16.52 bn from 2021 to 2026. However, the growth momentum of the market is expected to decelerate at a CAGR of 22.21%. Attractive Opportunities in Real Time Bidding Market by Auction Type and Geography – Forecast and Analysis 2022-2026 For additional highlights regarding the real time bidding market, View Our Free Sample Report Now Market Dynamics Factors such as digital transformation,… Source link

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Enel sees IPO of grid services business in 2023

MILAN (Reuters) – Europe’s biggest utility Enel plans to list its grid services business in 2023, Chief Executive Francesco Starace said in an interview with Italian daily La Repubblica published on Thursday. Enel will find an industrial partner for the new company, dubbed Gridspertise, this year, Starace added. “Gridspertise, as the new company is called, will start in 2022 as a separate company to enhance and provide to all customers services around the world. It will have an industrial… Source link

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Yandex Sees Unusually Large Options Volume (NASDAQ:YNDX)

Yandex (NASDAQ:YNDX) was the recipient of some unusual options trading on Wednesday. Investors acquired 1,814 put options on the stock. This represents an increase of approximately 1,437% compared to the average daily volume of 118 put options. Several research analysts have recently weighed in on the company. Zacks Investment Research upgraded Yandex from a “strong sell” rating to a “hold” rating and set a $84.00 target price on the stock in a report on Friday, October 1st. HSBC upgraded… Source link

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In bad news for US cloud services, Austrian website’s use of Google Analytics found to breach GDPR – TechCrunch

A decision by Austria’s data protection watchdog upholding a complaint against a website related to its use of Google Analytics does not bode well for use of US cloud services in Europe. The decision raises a big red flag over routine use of tools that require transferring Europeans’ personal data to the US for processing — with the watchdog finding that IP address and identifiers in cookie data are the personal data of site visitors, meaning these transfers fall under the purview… Source link

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ESPN is set to hire Pete Thamel from Yahoo in a college football insider role

It’s been noticeable for years (particularly since Brett McMurphy was laid off in the massive April 2017 cuts) that ESPN-affiliated reporters have not been breaking most of the news in college football. As AA’s Ben Koo explored in early December 2021, that’s a sharp contrast to sports like the NFL and NBA where ESPN employs an insider they can credit on the Bottom Line ticker for most signings or moves (Adam Schefter and Adrian Wojnarowski, respectively). But that’s about to at… Source link

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Stock market news live updates: January 13, 2022

Contracts on all three major indexes were flat heading into the overnight session on Wednesday after a choppy day on Wall Street that saw stocks advance modestly to close in positive territory. Investors got a new red-hot print on inflation during earlier trading that showed another decades-high rate of price increases, one day after Federal Reserve Chair Jerome Powell indicated in his renomination testimony that the central bank would intervene as needed to ease rising prices. A fresh read on… Source link

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