US stocks rose Friday morning, with the S&P 500 on track to end a three-week losing streak as investors digested the Federal Reserve officials’ latest affirmations that they remained committed to bringing down inflation. Contracts on the S&P 500 rose by about 0.8% in early trading, setting the index up for a back-to-back day of gains and its first weekly advance since late May. Dow futures rose by more than 200 points, or 0.7%, while Nasdaq futures increased by nearly 1% ahead of the opening… Source link
Read More »Tech sentiment ‘feels pretty awful, which is a great sign’: Analyst
The brutal 2022 for stocks amid rising interest rates and soaring inflation has been particularly rough for technology-based growth stocks, and that could be an opportunity for longer term investors. “Every rally we’ve seen in tech has been met with harder selling in a lower low,” Jefferies Equity Research Analyst Brent Thill told Yahoo Finance (video above). “Right now, it feels pretty, pretty awful, which is a great sign.” For investors with a three- to five-year window, he added, now is a… Source link
Read More »Russia’s Yandex gives public access to GPT-like large language model
Yandex said it wants to promote new research into large language models by sharing best practices with the AI developer community. Russian tech company Yandex said it has made a large language model trained on 100bn parameters available for free to the public, in order to boost the growth of this AI technology. Large language models are natural language processing (NLP) systems that are trained on a massive volume of text. Yandex said they have become the… Source link
Read More »Why the Magic took Paolo Banchero; Jaden Ivey gets wish as Kings pass him
NEW YORK — Paolo Banchero, Chet Holmgren and Jabari Smith were the big winners Thursday night, going Nos. 1-3 in the 2022 NBA draft. The Orlando Magic had the No. 1 pick for the first time since 2004 and selected Duke’s Banchero, making him the second No. 1 pick from Duke in the past four years (Zion Williamson went No. 1 in 2019). Oklahoma City remained patient with its rebuild, adding the most polarizing player in the draft, 7-foot-1, 195-pound center Chet Holmgren, and Jabari Smith is… Source link
Read More »Instant analysis on every pick
1. Orlando Magic: Paolo Banchero, PF, Duke Banchero isn’t as agile and lacks the lateral quickness Jabari Smith and Chet Holmgren have but he has the most NBA-ready body at 6-foot-10 and 250 pounds. The Duke forward can be plugged in right away alongside Wendell Carter Jr. for some added size and is comfortable starting the offense as a primary ball-handler of missed shots. Grade: A- Holmgren in the frontcourt with 7-foot Aleksej Pokusewski will be a sight. General manager Sam Presti knows… Source link
Read More »Chancery Deal Could Free $360M For Yahoo Sale Stockholders
By Jeff Montgomery (June 23, 2022, 9:10 PM EDT) — A Delaware Chancery Court litigation reserve compromise has potentially freed up another $360.4 million for former Yahoo Inc. stockholders still waiting for the balance of their cashout following Yahoo’s acquisition by Verizon Inc. in 2016. Attorneys for Altaba — the post-sale successor to Yahoo — told Vice Chancellor J. Travis Laster during a status conference Thursday afternoon that software venture Droplets Inc. had agreed to a… Source link
Read More »Paolo Banchero selected with No. 1 overall pick by Orlando Magic
NEW YORK — The Orlando Magic selected Duke forward Paolo Banchero with the first pick in the 2022 NBA draft on Thursday night. After weeks of Auburn’s Jabari Smith being projected as the consensus top pick, the Magic shocked everyone by selecting Banchero. Banchero is the second No. 1 pick in the last four years for the Blue Devils (Zion Williamson went No. 1 to the New Orleans Pelicans in 2019), and the fifth top overall pick in program history. Banchero, a 6-foot-10, 250-pound forward,… Source link
Read More »Insiders Are Flashing a Strong Buy Signal for These 2 Stocks
Downturns can bring a lot of pain, but they can also bring on plenty of opportunities, as lower stock prices start making costs of entry more attractive. Before taking advantage of these opportunities, however, investors need to find a recognizable signal that will set them apart. One popular signal to follow is the insider buying, the trades made by high-ranking company officers whose positions give them the ‘inside’ track on their company’s likely prospects – and therefore, of the… Source link
Read More »Germany warns of a ‘Lehman moment’ if Russia cuts off natural gas to Europe
Germany is one step closer to having to ration its gas usage as supply from Russia starts to dry up, and the country’s top economic affairs official is warning that it could lead to an even larger economic spillover effect. As of Thursday, Germany has entered the second alert level of its emergency gas plan, according to Robert Habeck, Germany’s minister for economic affairs and climate action. At this level, “security of supply is currently ensured, but the situation is tense,”… Source link
Read More »Morgan Stanley Pounds the Table on AMD Stock
With the seemingly endless selection of headwinds plaguing 2022, this year is panning out like no other in recent times. Just ask investors in Advanced Micro Devices (AMD). After making a habit of consistently outperforming the market, AMD shares have been on the backfoot in 2022 (down 43%) – a highly irregular occurrence. Yet, according to Morgan Stanley’s Joseph Moore, despite the macro uncertainty, it is now time investors cotton on to the opportunity following the stock’s… Source link
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