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Microsoft CEO Satya Nadella at the company’s shareholders meeting in 2015. (GeekWire File Photo.) Microsoft CEO Satya Nadella sold half of his stake in the company in a series of transactions last week, divesting about 840,000 shares for a sum of more than $285 million, according to a regulatory filing. Nadella sold the shares “for personal financial planning and diversification reasons,” the Redmond-based company said in a statement Monday afternoon. “He is committed to the continued… Source link

Wharton’s Jeremy Siegel warns that stocks could drop 10% as soon as December — hold fast with these 3 ‘conservative’ tech picks The stock market could suffer a 10% correction as early as December if the Federal Reserve starts cracking down on inflation, a respected author and professor of finance says. With inflation hitting a 30-year high of 6.2% in October, Jeremy Siegel expects the Fed will finally roll up its sleeves at its next meeting. That could mean the end of low interest… Source link

DUBLIN, Nov. 29, 2021 /PRNewswire/ — The “Managed and Professional Security Services Market in the Americas, Forecast 2025” report has been added to ResearchAndMarkets.com’s offering. Research and Markets Logo The market demand will shift from legacy managed security services, such as managed firewalls, to the new generation of solutions like MDR/XDR and SOC-as-a-service. The analyst predicts that the transition will happen faster in North America than elsewhere in the world. The demand for… Source link

Blue states will get bluer, and red redder, in coming years, as more Americans factor political issues into their relocation decisions and head for places with like-minded tribes. That’s the forecast from real-estate brokerage Redfin, which included “more migration for political reasons” in its outlook for the housing market in 2022. The deepening political polarization of the country includes new city- and statewide laws likely to attract adherents and repel detractors, driving… Source link

Don’t back up the truck just yet on stocks even in the wake of Friday’s brutal Omicron variant fueled sell-off, warns one long-time strategist. “I just don’t think we hit the level on the S&P 500 where I am willing to say this is a screaming buying opportunity right now,” said iCapital Network chief investment strategist Anastasia Amoroso on Yahoo Finance Live. “We don’t see that from the oversold technical levels and also we have another potentially negative catalyst here which is the… Source link

The bull market of 2021 may be on temporary hold as investors assess the economic risk from the new Omicron variant of COVID-19, warns Goldman Sachs. “We think a broad risk recovery may be impeded in the near term by the need to digest the prospect of a more hawkish Fed and a less consistent cyclical tailwind. Ironically, the Omicron scare itself may now create the best possibilities for relief in the coming weeks, either because incoming news is better than feared or because it prompts… Source link

As backlogs in the U.S. supply chain continue to threaten shipping and deliveries this holiday season, consumers’ purchasing habits and plans appear to be relatively unwavered. According to ChargeItSpot founder and CEO Doug Baldasare, the majority of shoppers the company surveyed are not changing their gift buying approach this year. “We’ve seen a gradual and steady return to brick-and-mortar shopping. As we’ve looked at the last 12 months, it’s really been a pretty steady upward trend,”… Source link

Jack Dorsey logging out as Twitter CEO is a good thing for investors, contends veteran internet analyst Brent Thill at Jefferies. “I think everyone is excited for the change,” Thill said on Yahoo Finance Live. “The company has not achieved its full vision.” Thill rates Twitter’s stock a Hold. Dorsey said Monday he is stepping down as CEO. He will be replaced by CTO Parag Agrawal, who has been with Twitter for more than a decade. “I’ve decided to leave Twitter because I believe the company is… Source link

Elizabeth Holmes’ high-stakes decision to testify in her own defense could reach its most risk intense phase Monday as prosecutors’ inevitable cross-examination draws nearer. The failed blood-testing entrepreneur is scheduled to return to the stand for her fourth day of testimony. Holmes, founder and CEO of the now defunct Silicon Valley biotech startup, Theranos, faces 11 counts of fraud for allegedly lying to investors and patients about her company’s capabilities. Each count carries… Source link

Wall Street has known its share of legends, but few of them have made as big a splash as “the Man Who Broke the Bank of England.” That nickname belongs to George Soros who earned the tag after famously betting against the British Pound in 1992; following the Black Wednesday crash, the hedge fund manager pocketed a $1 billion in a single day. This is the stuff that Wall Street legends are made of. By then Soros was already incredibly successful and in the midst of steering his Quantum Fund to… Source link