Yahoo News

Large investors are very downbeat on the economic outlook for the United States. Growth expectations fell to an all-time low in May, according to the latest Bank of America fund manager survey out on Tuesday. For a dose of perspective, the current reading is below that seen during the Great Recession and the dot.com bubble. Such dour sentiment comes despite economists expecting the U.S. economy will have grown around 2.5% in the second quarter and unemployment levels remaining near record… Source link

To say the 2021 quarterback class underwhelmed would be an understatement. The hyped 2021 group posted the lowest combined completion percentage since the 2018 class and the fewest yards per attempt since 2016. Five rookies attempted at least 100 passes this past season — Trevor Lawrence, Zach Wilson, Justin Fields, Mac Jones and Davis Mills — and only Jones and Mills completed more than 60% of their passes. Jones was also the only passer to finished with more than 7 yards per attempt…. Source link

A variety of Trump watchers have tracked Donald Trump’s business failures, lawsuits and assorted controversies. Now, Trump’s social media venture has released a rap sheet cataloguing the many stains on his long business career. This remarkable disclosure occurs on page 107 of the registration statement Digital World Acquisition Corp. (DWAC) filed with the Securities and Exchange Commission on May 16, providing key details of its planned merger with Trump’s new company, Trump Media &… Source link

Jimmy Butler and the Miami Heat host the Boston Celtics for Game 1 of the Eastern Conference Finals. What if I told you at the beginning of the year that the Nets, Lakers, Suns, Bucks, and Clippers would all miss the conference finals? That’s what’s happened, and it should be fun to watch these final four battle for an unlikely championship. With that said, let’s kick things off with these Eastern Conference finals between Miami and Boston. Injury Report Core Plays Jimmy Butler (SF… Source link

Twitter investors should brace for an all-out crash in the stock price if Tesla CEO Elon Musk abandons his bid for the social media platform, warns one veteran tech analyst. “In the absence of a bid, we would not be surprised to see the stock find a floor at $22.50,” said Jefferies analyst Brent Thill said Tuesday in a new note to clients. Such a price would be about 40% lower than Twitter’s current trading level. Musk’s outstanding deal for Twitter is for $54.20 a share. The path is being cut… Source link

About 60% of lower-priced homeowners may pay higher property taxes than their counterparts who own more expensive homes, according to a new study released Tuesday. Why? Owners of those higher-valued properties, ranging from $500,000 to $1.2 million, are at least two times more likely to appeal their property taxes and possibly pay far less, said Ownwell, a property-based startup in Austin, Texas. The amount of appeals depends on the county and the state. For example, homeowners of higher-value… Source link

Keeping up the returns would be a neat trick in today’s market, as the main indexes are all steeply down for the year so far – with losses of 15% on the S&P 500 and 24% on the NASDAQ. For investors, then, the best strategy may just be to follow a winner. Billionaire investing legend George Soros is most definitely a winner. He’s built a portfolio worth billions, and had possibly the greatest bull run in hedge fund history, averaging 30% annualized returns for 30 years. Starting in 1992,… Source link

‘It’s so horrible that I want to buy it’ — Jim Cramer likes these 2 beaten-down tech names that are still posting white-hot revenue growth The market doesn’t seem able to find a bottom. The S&P 500 has fallen about 16% year to date, while the tech-centric Nasdaq is down 26% over the same time frame. But CNBC’s Jim Cramer sees plenty of opportunity amid the market downturn. In fact, the Mad Money host recently revealed two stocks that he wants to buy right now. Here’s a quick look… Source link

For more than a year now, the original COVID-19 vaccines have held up remarkably well — even miraculously so — against a Greek alphabet of new variants: Alpha, Beta, Gamma, Delta. But now experts say something is changing. Since the start of 2022, the initial version of Omicron, known as BA.1, has been spinning off new sublineages — BA.2, BA.2.12.1, BA.4, BA.5 — at an alarming pace. Earlier variants did this, too. But it never really mattered, because their offshoots “had no… Source link

U.S. stock futures surged in pre-market trading Tuesday, extending a streak of gyrations in equity markets as the indexes attempt a comeback from intense selling last week amid worries around persistent levels of inflation and the prospect of an economic slowdown. Futures tied to the S&P 500 jumped 1.6%, and Dow futures climbed 400 points. Contracts on the Nasdaq gained 2%. The moves follow six straight weeks of declines for the S&P 500, its longest span of losses in more than a decade, and… Source link