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(Bloomberg) — Calling the bottom in the tech-sector meltdown isn’t easy, even after a $5.5 trillion wipe-out, yet there are some signals giving investors hope. Most Read from Bloomberg Tech stocks have been hammered this year as rising interest rates, slowing economic growth and soaring inflation form a perfect storm of negative catalysts. That’s hurt everyone from retail investors who loaded up on Cathie Wood’s Ark Investment exchange-traded funds last year to deep-pocketed asset… Source link

What initially looked like a Heat romp on Saturday turned into a sweat for Miami with its best player sidelined. But when the game was done, the Heat emerged with a hard-fought 109-103 win over the Boston Celtics to secure a 2-1 series lead in the Eastern Conference finals. They did so late without Jimmy Butler, who missed the entire second half with knee inflammation. After totaling 16 points in Games 1 and 2, Bam Adebayo powered the Heat to victory with his best game of the series. Bam… Source link

Tiger Woods withdrew from the 2022 PGA Championship on Saturday night. This is not a surprise. The surprise is that he was in the field. The surprise is that he has fought his way back from another would-be career-ending catastrophe. The surprise is that anyone, at this point, is still surprised by Tiger Woods. The 2022 PGA Championship will forever have a “WD” next to Woods’ name. That doesn’t begin to cover the significance of the week. Yes, he stumbled to a +12 finish Saturday after a… Source link

Sage Steele confirmed on Saturday that she was struck by a golf ball at the PGA Championship on Thursday that resulted in injuries requiring visits with doctors and a dentist. The ESPN anchor didn’t reveal the extent of her injuries, but announced in a statement released by the network that she received medical care at a hospital at the Tulsa, Oklahoma, site of the PGA Championship before returning to her Connecticut home to consult with her doctor and dentist. “I just want to thank everyone… Source link

    After three days in which his score and his pain grew progressively worse, Tiger Woods has withdrawn from the PGA Championship. Woods began the tournament Thursday with an early charge that put him within a stroke of the lead. That hot streak soon faded. Friday was a battle just to make the cut, and Saturday was a debacle — a nine-over round that left Woods +12 for the week and in obvious pain. “I didn’t do anything right,” Woods said after the round. “I didn’t hit many good shots…. Source link

Minnesota Timberwolves team owner Glen Taylor is meeting with Tim Connelly, the Denver Nuggets president of basketball operations, this weekend in the team’s continued quest to bring him into the front office, ESPN’s Adrian Wojnarowski reported on Saturday. The Timberwolves want to make Connelly one of the league’s highest-paid executives, per the report. Connelly has reportedly already met with Marc Lore and Alex Rodriguez, who became minority owners of the Timberwolves and Minnesota Lynx… Source link

The bloodbath in the markets this past week wrecked retail stocks, as Walmart (WMT) posted its worst week ever, falling 20%. Amid the carnage, investors piled into beaten-down names like the Ark Innovation ETF (ARKK) while shunning the best performing sector of the year. The energy sector’s stunning 47% return this year stems from soaring oil and gas prices, as WTI crude oil futures (CL=F) surged 56% this year. Still, investors have yanked $705 billion from the iShares U.S. Energy ETF (XLE)… Source link

The housing market has been hot for a couple of years now, and that’s unlikely to change any time soon as millennial demand remains red hot, according to new data from Bank of America (BAC). The 2022 Millennial Home Improvement Survey found that 67% of Generation Y responded that they were likely to buy in the next two years. “The #1 reason cited was an improving financial position, following the trend from the last few years of our survey,” BofA Global Research’s Senior Retail… Source link

(Bloomberg) — The world’s richest nation is waking up to an unpleasant and unfamiliar sensation: It’s getting poorer. Most Read from Bloomberg Americans’ collective net worth had been climbing at a dizzying rate for the past two years, even as families and businesses contended with the ravages of Covid-19. Households piled up an extra $38.5 trillion from early 2020 to the end of last year, bringing their collective net worth to a record $142 trillion, the Federal Reserve estimates. Just… Source link

Goldman Sachs: 4 ‘buy’ rated stocks for the rest of 2022 with up to 101% upside Year to date, the Dow, the S&P 500 and Nasdaq are all deep in correction territory. But Goldman Sachs still sees plenty of opportunities. In fact, the Wall Street firm has issued ‘buy’ ratings on multiple companies this year, projecting meaningful upside ahead. So here’s a look at four stocks Goldman Sachs is bullish on. These are volatile names, though, so always do your own research before making investment… Source link