(Bloomberg) — The S&P 500 Index may have another 24% to fall by year-end, if the past 150 years of financial-market history are any guide. Most Read from Bloomberg That’s according to Societe Generale, which calculates the benchmark gauge may need to tumble as much as 40% from its January peak in the next six months to hit bottom. That comes out to 2,900. The upper end of the range the firm gave is for the index to slump by roughly 34% from its top, to 3,150. Societe Generale arrived at this… Source link
Read More »Here’s why Warren Buffett bought all the Occidental Petroleum shares he could, even with oil prices well above $100
Here’s why Warren Buffett bought all the Occidental Petroleum shares he could, even with oil prices well above $100 Warren Buffett kept a lot of cash on hand in recent years. At the end of 2021, the cash pile at his holding company Berkshire Hathaway had grown to a near-record $146.7 billion. That shouldn’t come as a surprise. Buffett is a value investor, after all, and valuations were bloated in the U.S. stock market after significant rallies in 2020 and 2021. “We find little that… Source link
Read More »Virginia Gov. Glenn Youngkin is flush with funds to fight the ‘silent thief’ of inflation: How he’s using it
The inflation challenge facing America’s governors has coincided with a somewhat opposite trend: state budgets that are flush following a period of better than expected tax revenues and ample coronavirus assistance from Washington, DC. Governor Glenn Youngkin (R-VA), one of many governors in that situation, says his budget forecast shows $15 billion more than expected — and that windfall can fight inflation, he said. The governor signed a budget this week with a mix of tax cuts and… Source link
Read More »Google Chrome’s latest update on iOS brings improved security, the Discover feed and more – TechCrunch
As part of a broader update to its Chrome web browser, Google announced today a handful new features coming to the latest build of Chrome on iOS. Among the key additions, the Chrome app is gaining access to Google’s Enhanced Safe Browsing feature which proactively warns you about dangerous web pages. Other updates include user interface changes, the ability to set Google’s password manager as the autofill provider, an updated language identification model, and… Source link
Read More »Apple and Android phones hacked by Italian spyware, Google says
Milan-based RCS Lab, whose website claims European law enforcement agencies as clients, developed tools to spy on private messages and contacts of the targeted devices, the report said. Google (GOOG)‘s findings on RCS Lab come as European and American regulators weigh potential new rules over the sale and import of spyware. “These vendors are enabling the proliferation of dangerous hacking tools and arming governments that would not be able to develop these capabilities in-house,” Google said.
Read More »Jim Cramer’s famous words suggest you can make money no matter what. Here are 2 powerful tailwinds to take advantage of today
‘There’s always a bull market somewhere’: Jim Cramer’s famous words suggest you can make money no matter what. Here are 2 powerful tailwinds to take advantage of today Today, we’re inundated with news of inflation and fears of recession. While these are real issues that will take many companies down, there’s more to the story. As Mad Money host Jim Cramer famously says, “There’s always a bull market somewhere.” Even if you decide to stay away from certain stocks, you can find… Source link
Read More »Peloton and 2 other major ‘zombie’ companies could soon go to $0, leading stock research firm CEO says
In the midst of 2021’s soaring tech IPO and SPAC market, there was one former Wall Street analyst telling anyone who would listen that something was wrong. David Trainer, the founder and CEO of research firm New Constructs, was focused on the fundamentals of the businesses behind the record valuations, and what he saw wasn’t promising. Trainer warned investors in 2021 that many high-flying tech stocks and IPOs at the time were trading at “tech bubble” levels. And even worse, some were… Source link
Read More »Yahoo DFS Baseball: Thursday Picks
This article is part of our Yahoo DFS Baseball series. Thursday’s slate is heavy on day games. Of the 10 matchups, seven of them have early start times. Among the day games is an intriguing matchup between Clayton Kershaw and Hunter Greene, two pitchers at very different stages of their career. The reigning AL Cy Young award winner will also take the mound when Robbie Ray faces off against the Athletics. Despite there only being three night games, two of them are great matchup… Source link
Read More »Brave challenges Google’s search engine dominance with privacy-centered product
Brave challenges Google’s search engine dominance with privacy-centered product | Fortune … Source link
Read More »Colts, Titans vie for AFC South title
From the start of the NFL draft to the end of it, only one division saw the favorite change in the odds at BetMGM. The A.J. Brown trade was a pretty big deal. The Tennessee Titans decided they didn’t want to pay Brown, one of the NFL’s most talented receivers, so they traded him to the Philadelphia Eagles. They used the first-round pick they acquired in the trade to take receiver Treylon Burks, but we don’t know if Burks can be anywhere near as good as Brown, especially as a rookie. That’s why… Source link
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