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Stock futures opened lower Tuesday evening after another volatile session on Wall Street, as investors looked to the Federal Reserve’s latest monetary policy meeting and press conference to remove some uncertainty on the outlook for monetary policy.  Contracts on the S&P 500 sank. The index closed lower for a fifth time in six sessions on Tuesday, in a session which saw stocks rebound off their lows but fail to break into positive territory, as had been the case during Monday’s rollercoaster… Source link

The new year has been upon us for less than a month, but the Great Crypto Crash of 2022 has already caused a lot of investors pain. The risk aversion dogging Wall Street has infected cryptocurrencies, resulting in a dramatic sell-off in digital coins that yanked Bitcoin (BTC-USD) below $34,000. While the token recouped some of those losses, most analysts think there’s more downside left to probe, especially with crypto’s growing correlation with other risk-on assets. Like stocks, Bitcoin’s… Source link

Microsoft (MSFT) reported its fiscal Q2 earnings after the closing bell on Tuesday, beating analysts’ expectations with its cloud services revenue jumping 46%.  The announcement comes just a week after the Redmond, Washington-based tech giant made headlines with news that it will acquire troubled gaming behemoth Activision Blizzard (ATVI) for $68.7 billion. Here are the most important numbers from the report, compared with what analysts were expecting. Revenue: $51.7 billion versus $50.9… Source link

Since the Green Bay Packers were eliminated by the San Francisco 49ers on Saturday, Aaron Rodgers has suddenly been shoved into discussions about his future. Will he retire? Will he keep playing? If he does keep playing, where will it be? Will he stay with the Packers or take his talents to another team? There are so many questions, and Rodgers isn’t ready to answer any of them yet. He has a lot of time to figure out his next steps, but he already knows the one thing he won’t do: pull a Brett… Source link

Democrats are promising to keep tabs during the 2022 campaign on Republican lawmakers praising projects funded by the Bipartisan Infrastructure Law even though they voted against it. House Speaker Nancy Pelosi’s office blasted out a compilation of the growing list — and journalists have also been taking note. Lawmakers like Rep. Steve Scalise (R-LA), Clay Higgins (R-LA), Rep. Kay Granger (R-TX), Rep. Ashley Hinson (R-IA), Rep. Michelle Steel (R-CA) and Rep. Andy Harris (R-MD) have all touted… Source link

After 16 seasons as head coach of the New Orleans Saints, Sean Payton is stepping down. The Super Bowl-winning coach cited a need for a change and said his heart wasn’t in it for next season, although he didn’t rule out a return to coaching in the future. “I still have a vision for doing things in football, and I’ll be honest with you, that might be coaching again at some point,” Payton said. “I don’t think it’s this year. I think maybe in the future, but that’s not where my… Source link

Starbucks’ (SBUX) reversal of a plan to require its U.S. workers to be vaccinated against COVID-19 or submit to weekly testing has sparked controversy among its loyal clients, as well as baristas on the front lines of the pandemic. The Seattle coffee giant initially recommended that its workers get vaccinated by February 9th, in accordance with guidance from the Occupational Safety and Health Administration (OSHA), while the unvaccinated would have to submit to weekly testing. However, the… Source link

Monday’s rip-your-face-off rally following the morning’s gut-wrenching plunge — when the Nasdaq Composite cratered 5% — was one for the history books.  Quant desks and equities analysts are still scrambling to make sense of the mother of all hammer candles in the major indexes. But the balance of evidence that’s emerging is favoring the bears — not the least of which is Tuesday’s nearly 3% sell-off in the Nasdaq Composite (^IXIC). Huge reversal days are rare enough that investors pay… Source link

Last November, when cryptocurrency was skyrocketing to new heights and Bitcoin was one of the red-hot financial vehicles of 2021, the mobile payment service Cash App grabbed some trending headlines through partnerships with two headlining NFL names: Green Bay Packers quarterback Aaron Rodgers and Los Angeles Rams wideout Odell Beckham Jr. The significance: Both players endorsed Bitcoin and announced plans to take portions of their 2021 salaries in the cryptocurrency during a month when… Source link

It’s been a turbulent past couple of days, to say the least, for Netflix (NFLX), a stock which saw two consecutive trading days of declines after an underwhelming earnings report. Netflix’s Q4 earnings report estimated it would add an additional 2.5 million subscribers in Q1 2022, significantly lower than the 6.93 million expected. A new Bank of America (BAC) report found that, in light of the Q4 earnings report, Netflix would likely require more time than previously expected in order to… Source link