Energy prices saw the biggest one year jump since 2005 last month amid a hotter than expected inflation print. The energy index rose 3.9% last month according to the Bureau of Labor Statistics’ Consumer Price Index (CPI) published Friday after a 2.7% decline in April. Gasoline, fuel oil and natural gas prices all increased in May. Gasoline prices rose 4.1% month-over-month, fuel oil spiked 16.9% from the prior month, and natural gas also rose 8% during the same span. The energy index rose 34.6%… Source link
Read More »US Inflation Quickens to 40-Year High, Pressuring Fed and Biden
(Bloomberg) — US inflation accelerated to a fresh 40-year high in May, a sign that price pressures are becoming entrenched in the economy. That will likely push the Federal Reserve to extend an aggressive series of interest-rate hikes and adds to political problems for the White House and Democrats. Most Read from Bloomberg The consumer price index increased 8.6% from a year earlier in a broad-based advance, Labor Department data showed Friday. The widely followed inflation gauge rose 1% from… Source link
Read More »Yandex Agrees Indicative Terms for Purchase of Convertible Notes Following Amendment of Convertible Notes Terms
Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here. MOSCOW, RUSSIA and AMSTERDAM, NETHERLANDS / ACCESSWIRE / June 10, 2022 / Yandex N.V. (“Yandex”), a Dutch public limited company and the parent company of one of Europe’s largest internet businesses, has announced that the terms of its $1.25 billion 0.75% Convertible Notes due 2025 (the “Notes”) have been amended and that it has agreed terms with the steering committee of an ad… Source link
Read More »Yandex Agrees Indicative Terms for Purchase of Convertible Notes Following Amendment of Convertible Notes Terms
MOSCOW, RUSSIA and AMSTERDAM, NETHERLANDS / ACCESSWIRE / June 10, 2022 / Yandex N.V. (“Yandex”), a Dutch public limited company and the parent company of one of Europe’s largest internet businesses, has announced that the terms of its $1.25 billion 0.75% Convertible Notes due 2025 (the “Notes”) have been amended and that it has agreed terms with the steering committee of an ad hoc group of noteholders (the “Ad Hoc Group”) for the purchase by Yandex and its subsidiary of Notes from… Source link
Read More »WWDC proves that Apple has replaced Google as the fun tech giant
As Android enthusiasts, many of us have become accustomed to watching Apple announcements that bring in new products and features that look awfully similar to things Google did first—not to say Android hasn’t borrowed a few things too. But in recent years, there seems to be another thing Apple has borrowed from Google—is willingness to have fun. Think back about five years, when we all made a game of trying to guess the next dessert name for Android, and the unveiling of each new… Source link
Read More »Inflation hits 40-year high as CPI rises 8.6% in May
U.S. consumer prices accelerated in May to the highest since 1981, as Americans grapple with a surge in the cost of gas, food, and shelter, data showed Friday. The Bureau of Labor Statistics’ May Consumer Price Index (CPI) showed a year-over-year increase of 8.6% last month, up from 8.3% in April. Economists were expecting an 8.3% increase in May, according to estimates compiled by Bloomberg. On a monthly basis, the broadest measure of inflation climbed 1.0%, compared to 0.3% in April. “Core”… Source link
Read More »Goldman cuts Netflix to ‘Sell’ citing competition and a ‘consumer recession’
Goldman Sachs is kicking a streaming dog when it’s down. Goldman analyst Eric Sheridan slashed his rating on Netflix (NFLX) shares to Sell from Neutral on Friday, sending the stock off as much as 5% in pre-market trading. Sheridan cut his price target on Netflix to $186 from $265. “We have concerns around the impact of a consumer recession as well as heightened levels of competition on demand trends (both in the form of gross adds and churn), margin expansion, and levels of content spend and… Source link
Read More »NBA Finals Game 4 Picks
This article is part of our Yahoo DFS Basketball series. The Celtics took care of business at home in Game 3 earning a 16-point win over the Warriors. It wasn’t as easy as the final score would seem to indicate as the Warriors actually stormed back and took the lead in the third quarter. If Golden State’s going to even things up on the road, they’re going to need a better performance from Draymond Green after he only produced two points, four rebounds and three assists before fouling… Source link
Read More »Apple and Google ‘Hold All the Cards.’ Tech Giants Face New Regulatory Threat.
Text size Apple and Google face new regulatory scrutiny in the U.K. Lionel Bonaventure/AFP via Getty Images … Source link
Read More »Google Issues New Security Warning For Chrome Browser Users
Google has warned Chrome users that multiple new vulnerabilities have been found in its browser. Fixes will roll out “over the coming days/weeks” though it is possible to protect yourself right now. Google published the news on its official Chrome blog, confirming seven vulnerabilities, including four discovered by external researchers which it classifies as carrying a ‘High’ threat level. The vulnerabilities affect Chrome on Windows, macOS and Linux. Multiple new high-level… Source link
Read More »