Stock market news live updates: May 19, 2022

Stock market news live updates: May 19, 2022

U.S. stock futures plunged ahead of market open Thursday, extending losses from a weeks-long sell-off on Wall Street that intensified in the previous trading session as disappointing retail earnings reignited concerns about the impact of inflation. Futures tied to the S&P 500 fell 1% following the index’s worst decline since June 2020. Contracts on the Dow erased 300 points after the benchmark logged a nearly 1,200-point drop on Wednesday to close at its lowest level since March 2021, and… Source link

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Big retailers might soon be forced to offer big discounts

Big retailers might soon be forced to offer big discounts

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, May 19, 2022 Today’s newsletter is by Brian Cheung, an anchor and reporter covering the Fed, economics, and banking for Yahoo Finance. You can follow him on Twitter @bcheungz. Yesterday, Target’s (TGT) earnings were a huge whiff. The stock market did not care for this news, and equities across the board tanked with the S&P 500 turning in… Source link

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Everything You Need To Know

Everything You Need To Know

Imagine you’re researching for a blog post. You find a fantastic image that adds a lot of depth to your content. The problem is, that the site where you found it isn’t the original source, nor does it link to the original source. Who created the image? You need this information if you want to cite your sources properly in your blog and give correct credit where it’s due. The answer: Do a reverse image search to find the original source. This feature is easy, quick, and available on… Source link

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Billionaire founder of crypto exchange Binance says he’s ‘poor again’ after its luna holdings — once worth $1.6 billion — crashed and are now worth just $2,200

Billionaire founder of crypto exchange Binance says he’s ‘poor again’ after its luna holdings — once worth $1.6 billion — crashed and are now worth just $2,200

Changpeng Zhao, founder of Binance, joked he was “poor again” after the crypto luna took a dive.REUTERS/Darrin Zammit Lupi Crypto exchange Binance’s founder Changpeng Zhao tweeted “poor again” after crypto-token luna crashed. Binance’s holdings of the coin were once worth $1.6 billion but are now worth about $2,200. According to Bloomberg estimates, Zhao is still a billionaire and Binance is the world’s largest crypto exchange. Chanpeng Zhao, the wealthy founder of crypto exchange Binance, joked… Source link

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Cisco Shortfall Jolts Wall Street as Lockdowns Roil Supply

Cisco Shortfall Jolts Wall Street as Lockdowns Roil Supply

(Bloomberg) — Cisco Systems Inc. spooked investors with a warning that Chinese lockdowns and other supply disruptions would wipe out sales growth in the current quarter, renewing broader concerns about tech spending in a shaky economy. Most Read from Bloomberg The outlook sent Cisco shares down as much as 19% in late trading and weighed on stocks of other networking companies, dealing a fresh blow to an already-battered sector. Even before Cisco’s latest plunge, its stock was down 24% this… Source link

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Google’s Russian subsidiary to file for bankruptcy after bank account seized

Google’s Russian subsidiary to file for bankruptcy after bank account seized

The Google logo displayed on a smartphone screen. Kirill Kudryavtsev | AFP | Getty Images Google’s Russian subsidiary plans to file for bankruptcy after authorities seized its bank account, making it impossible to pay staff and vendors, but free services including search and YouTube will keep operating, a Google spokesperson said on Wednesday. The Alphabet unit has been under pressure in Russia for months for failing to delete content Moscow deems illegal and for restricting access to some… Source link

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Stock market news live updates: May 19, 2022

Stock market news live updates: May 19, 2022

U.S. stock futures edged lower ahead of the overnight session Wednesday after a weeks-long sell-off on Wall Street deepened in earlier trading as disappointing retail earnings reignited concerns about the impact of inflation. Futures tied to the S&P 500 fell 0.5% following the index’s worst decline since June 2020, as all but eight stocks in the benchmark closing in negative territory during Wednesday’s session. Contracts on Dow futures erased 0.4% after the index logged a nearly 1,200-point… Source link

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Report: Trump Thinks Truth Social Is a Failure Because Google Is Trying to “F–k” Him

Report: Trump Thinks Truth Social Is a Failure Because Google Is Trying to “F–k” Him

Like a crazy old man who spends his days shouting at an empty blender and thinks the government is performing mind control on people through their microwaves, Donald Trump apparently believes that the reason his newly formed social media company, Truth Social, is not a runaway success is because Google has internally decided to sabotage him. “Is Google trying to fuck me?” the former president has reportedly been asking friends and advisers over the past several weeks. According to… Source link

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Yandex N.V.: Sanctions & A Disaster For Potential Investors (NASDAQ:YNDX)

Yandex N.V.: Sanctions & A Disaster For Potential Investors (NASDAQ:YNDX)

Pavel Byrkin/iStock Editorial via Getty Images Yandex N.V. (NASDAQ:YNDX) is a dangerous situation for investors. The company is caught in a complex geopolitical situation, with 92% of its customers, advertisers, and users in Russia. This also includes large Russian corporations that may be liable for additional sanctions. The company’s stock is currently not being traded on the NASDAQ, and its trading has been halted on the exchange since February 28. In a press release, NASDAQ said it is… Source link

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