(Bloomberg) — A plunge of more than 20% in U.S. stocks is looking more like a real possibility, according to Morgan Stanley strategists led by Michael Wilson. Most Read from Bloomberg While it’s still a worst-case scenario, the bank said that evidence is starting to point to weaker growth and falling consumer confidence. In a note on Monday, the strategists laid out two directions for U.S. markets, which they dubbed as “fire and ice.” In the fire outcome, the more optimistic view, the… Source link

For example, when Amazon began building its cloud-computing business, it went on an acquisition spree, buying at least 13 cloud tech companies from 2012 to 2020, according to the Post’s analysis. That included firms like Thinkbox Software, a maker of cloud-based design tools, and security company Sqrrl Data; in neither case did Amazon disclose the purchase price. Source link

(Bloomberg) — European stocks slid to the lowest level in two months as China’s real estate crackdown and worries ahead of this week’s Federal Reserve fueled risk-off sentiment. The Stoxx Europe 600 index fell 2%, the most in a month and to the lowest level since July 21. Germany’s DAX slumped 2.3% on the day the index’s expansion takes effect, with banks and automotive shares underperforming. While all sectors retreated on the European gauge, miners declined the most, sliding to the… Source link

The major U.S. stock index futures are trading sharply lower early Monday following last week’s dismal performance. The sell-off looks like investor liquidation with a slew of reasons likely fueling the move. Investors are definitely climbing the wall of worry ahead of the two-day Fed meeting on Tuesday and Wednesday. However, there are other factors weighing on the trade including China, supply chain issues, debt ceiling negotiations and the infrastructure/tax bill to name a few. Investors… Source link

Google appears to be internally testing a second foldable Pixel smartphone, according to 9to5Google’s sources. The device is said to be under development with the codename “Jumbojack,” that’s referenced in a future version of Android 12 which 9to5Google identifies as “Android 12.1.” This is the latest foldable codename we’ve heard about at Google, following reports of another device called “Passport.” Not much is known about what form Jumbojack could take, but 9to5Google… 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 Monday, September 20, 2021 But there are green pastures Against a noisy backdrop of mounting corporate earnings warnings and a steady drumbeat of market correction calls by Wall Street pros, I have been on a covert mission to find a few good things for investors to chew on midway through a volatile September.  I inhaled a whiff of hopium on the… Source link

Chinese property developer Evergrande sent shockwaves through stock markets on Monday morning. Photo: STR/AFP via Getty European stocks fell at the open on Monday morning in London following news of an energy market crunch in Europe and sharp losses in Asia as investors fled from property stocks.  The FTSE 100 (^FTSE) was 1.6% lower by mid-morning in London. Germany’s DAX (^GDAXI) and France’s CAC (^FCHI) both fell around 2.3%.  Investors in the UK were watching for movement in the UK energy… Source link

The Jacksonville Jaguars are 0-2, and it hasn’t exactly been an encouraging 0-2. The team has been outscored 60-34 and outgained 847-584. Trevor Lawrence, the generational quarterback prospect whom the Jaguars have bet their entire future on, has thrown 42-of-84 for 450 yards, four touchdowns and five interceptions. Head coach Urban Meyer is somehow under investigation by the NFLPA for telling the truth. The Jaguars have looked like a bad football team, as many expected. So far, the fans Source link

(Bloomberg) — U.S. equity futures and Asian stocks fell Monday amid a slump in Hong Kong property developers and jitters before a Federal Reserve meeting that’s expected to hint at moving toward paring stimulus. The dollar rose. U.S. and European contracts dropped after the S&P 500 slid the most in a month, a test for the buy-the-dip mentality as the gauge jabs at its 50-day moving average. Hong Kong shares tumbled on growing concern about China’s crackdown on the real-estate sector and… Source link

If the Emmys were designed to transport viewers from the pandemic for a few carefree hours, Seth Rogen wasn’t playing along. The comedic writer and actor, making the night’s first awards presentation, questioned whether an event that touted its COVID-19 protocols was living up to its promises. Before presenting the award for best supporting actress in a comedy series to winner “Ted Lasso” star Hannah Waddingham, Rogen offered up some jokes, but they sounded more like a complaint. “They said… Source link