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Stock futures opened slightly higher Monday evening after a technology-led drawdown during the regular trading day, with a rotation away from growth names picking up steam as concerns over inflation lingered.  Contracts on the Nasdaq edged up after the index dropped more than 2% Monday afternoon. Shares of technology heavyweight Facebook (FB) steadied in late trading after shedding nearly 5% earlier, with an hours-long platform outage adding to a string of negative coverage raising further… Source link

T-Mobile and Google have announced they’re offering an “exclusive” plan with 500GB of Google One cloud storage for T-Mobile customers starting October 12th. The plan will cost $5 per month, the latest addition in an ongoing partnership between the search giant and the mobile carrier. Google offers Google One plans in a variety of sizes but, up until this point, didn’t have a 500GB tier, jumping from 200GB for $2.99 per month straight to 2TB for $9.99 per month. Anyone with a… Source link

The tech giant may open a data center in Eagle Mountain. (Mark Lennihan | The Associated Press) Google logo is shown in 2017. The company has acquired 300 acres in Eagle Mountain.   | Oct. 4, 2021, 8:00 p.m. Google has purchased 300 acres in Eagle Mountain, the rapidly growing city announced Monday, which could be the starting point for a new data center in Utah County. Eagle Mountain is already home to one of Facebook’s data centers, though the 1.5 million-square-foot facility is not yet… Source link

A once tiny hamlet in the rolling hills west of Utah Lake, Eagle Mountain is developing a knack for attracting some of the biggest names in business. The city on Monday announced search giant Google purchased property that may host a future data center. The announcement follows a pair of other development coups in that last few years that include a massive Facebook data center and a Tyson Foods meatpacking plant. The new investments are coinciding with a booming Eagle Mountain… Source link

(Bloomberg) — Mark Zuckerberg’s personal wealth has fallen by nearly $7 billion in a few hours, knocking him down a notch on the list of the world’s richest people, after a whistleblower came forward and outages took Facebook Inc.’s flagship products offline. Most Read from Bloomberg A selloff sent the social-media giant’s stock plummeting around 5% on Monday, adding to a drop of about 15% since mid-September. The stock slide on Monday sent Zuckerberg’s worth down to $120.9 billion,… Source link

Is President Biden a socialist? Do socialists control him? Republicans will try to convince voters the answer to both questions is yes, according to Biden’s political archenemy. In a recent interview with Yahoo Finance, former President Donald Trump hinted at the script Republicans will use against Biden and his fellow Democrats in the 2022 midterm elections. When voters elected Biden president last year, it “was not a mandate to change the norms of our society,” Trump said. “This was not… Source link

Senator Elizabeth Warren on Monday called on the Securities and Exchange Commission to look into trades made by senior Federal Reserve officials over the course of 2020. The Massachusetts Democrat asked the SEC to investigate the extent of trading carried out by at least three high-ranking officials at the central bank, including the timing of the trades and whether or not those trades “may have been influenced by non-public information.” The request comes after reporting last Friday… Source link

The COVID-19 pandemic continues to wreak havoc on the airline space, but the time to buy is now, argues Morgan Stanley analyst Ravi Shanker.  Shanker cites three reasons for his bullish call.  First, the sector could see positive news flow into year-end as vaccinations continue for COVID-19 and international travel restrictions are lifted. To that end, the Biden administration said recently it would lift restrictions for fully vaccinated travelers to enter the U.S. starting in… Source link

Investors will have a lot to contend with come the start of third quarter earnings season this month, most of which could prove far from flattering to one’s portfolio.  That’s the latest temperature check on markets from the team over at Goldman Sachs.  The investment bank’s chief U.S. equity strategist David Kostin warned on Monday of four risks to investors from upcoming corporate earnings reports: (1) supply chain bottlenecks; (2) climbing oil prices; (3) inflationary labor costs; and (4)… Source link