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What to make of the markets right now? Last week brought more losses in what’s been a volatile year for stocks. The five straight weeks of market declines marked the longest such streak in over a decade. More ominously, they came in along with a number of other disturbing data points. The April jobs numbers, released on Friday, came to 428,000 jobs added for the month, superficially strong and well above the 391,000 expected. But the labor remains depressed, and the total number of workers,… Source link

This week, investors will be faced with fresh data on the state of inflation, as the Federal Reserve hastens to bring down fast-rising prices. Quarterly earnings season will also continue, with a bevy of closely watched stock index components reporting results. The Bureau of Labor Statistics’ April Consumer Price Index (CPI), due out Wednesday, will be one of the most closely watched economic reports this week. The headline index is expected to decelerate on both a month-over-month and… Source link

Through two games, the Dallas Mavericks looked outclassed by the Phoenix Suns. Two games later, the Western Conference semifinals are tied at 2-2 thanks to a 111-101 Mavericks win on Sunday, their second straight since the series shifted to Dallas. The Mavericks caught fire from 3-point distance and flustered Chris Paul, who played less than four minutes in the second half before fouling out early in the fourth quarter. Dallas secured the win despite a poor shooting effort from Luka Doncic… Source link

(Bloomberg) — It’s ending as fast as it began for retail day traders, whose crowd-sourced daring was the pre-eminent story of pandemic equities. Most Read from Bloomberg Nursing losses in 2022 that are worse than the rest of the market’s, amateur investors who jumped in when the lockdown began have now given back all of their once-prodigious gains, according to an estimate by Morgan Stanley. The calculation is based on trades placed by new entrants since the start of 2020 and uses… Source link

SAN FRANCISCO — Memphis Grizzlies star guard Ja Morant likely will miss Game 4 on Monday with a knee injury, head coach Taylor Jenkins said Sunday. Jenkins said Morant is undergoing further evaluation on his right knee. The Grizzlies officially listed Morant as “doubtful” with right knee soreness. Jenkins said Sunday that Grizzlies general manager Zach Kleiman and the league office have been in contact regarding the play. Jenkins reiterated Sunday Morant was injured on a play involving… Source link

Robinson Cano’s stint with the New York Mets is officially over. Eight days after designating him for assignment, the Mets released Cano on Sunday. No team was willing to take on the remainder of his contract via waivers, making the 39-year-old second baseman a free agent. Cano has nearly two years remaining on a 10-year, $240 million deal he signed with the Seattle Mariners in 2014. Per the Seattle Times, the Mariners still owe him $7.5 million on the deal while the Mets are on the hook for… Source link

Bitcoin continues to fall, extending its losses from the past week. The largest cryptocurrency by market value dropped 4% in the last 24 hours, according to CoinGecko, breaching a key support level and hitting a daily low of $34,406. It’s currently trading at around $34,519, down 9% in the last seven days and down 40% year to date. Ether, the second-largest, is also in the red, down 6% in the last day and down 7.4% in the last week. Overall, the cryptocurrency market is taking a hit, down 4.2%… Source link

Airbnb co-founder and CEO Brian Chesky.Kimberly White/Getty Images Airbnb CEO Brian Chesky recently announced the company will let employees work remotely forever without losing pay. In an interview for Time’s The Leadership Brief, he said “the office as we know it, is over.” He also explained why he thinks the three-day in-office hybrid model is flawed. For Airbnb CEO Brian Chesky, working at the office is now a relic of the past. In an interview for Time’s The Leadership Brief published Sunday,… Source link

Milwaukee Bucks superstar Giannis Antetokounmpo shouldn’t have much to complain about after his team’s 103-101 win over the Boston Celtics in Game 3 on Saturday. Antetokounmpo was upset about one aspect of the contest, but saved himself some money by not commenting on it during a post-game presser. Antetokounmpo made it clear he wasn’t a fan of how the refs officiated the game, but wisely did not get into specifics so he could save some money. Is that enough to warrant a fine anyway? Sure,… Source link

WASHINGTON (Reuters) -Weapons maker Lockheed Martin Corp plans to nearly double production of Javelin missiles, the antitank weapon that has helped Ukraine fight Russia’s invasion, Chief Executive Officer James Taiclet said in an interview on Sunday. The aim is to boost output to 4,000 per year from 2,100 per year currently, Taiclet said in an interview with CBS News. The increase will take as long as a couple of years, he said. U.S. President Joe Biden last week visited a Lockheed facility in… Source link