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The rise in leisure and travel stocks highlights a shift in consumer spending from goods to services as the pandemic winds down. “We see signs of goods demand cooling, particularly in big ticket items, while services benefit from strong pent-up demand,” Savita Subramanian wrote in a recent BofA Global Research note. Case in point, airlines such as United (UAL) and American (AAL) predict reaching profitability amid strong demand. Luxury hotel operator Marriott International (MAR) has been… Source link

As the earnings season gets underway, all eyes are on companies’ performance as markets will be gauging how big names across various sectors have been navigating inflation, rising interest rates, and the Russia-Ukraine war. According to Morgan Stanley (MS) Chief U.S. Equity Strategist and CIO Mike Wilson, there are two things that investors should focus on during this critical earnings season. “It’s really about, I think, two things. Number one, what did the companies guide to for 2Q and… Source link

With all the apps that we tend to have running on our phones, it’s a constant worry as to whether the battery will be able to make it through the day — and that’s not helped when apps misfire and run power-draining features in the background. According to 9to5Google, a recent bug in Google’s Messages app on Android phones left the camera running in the background — a great way to both heat up your phone and run down your battery. The Google Messages app allows you to easily… Source link

Google is changing its Play Store policy to clamp down on a workaround that call recording apps were using, potentially closing the final loophole that allowed these apps to exist (via NLL-Apps on Reddit). On May 11th, a rule clarifying that “the Accessibility API is not designed and cannot be requested for remote call audio recording” will go into effect, making it so that apps won’t be able to record audio from a call. As XDA points out, Google has been playing whack-a-mole with… Source link

Mary Daly, president of the Federal Reserve Bank of San Francisco, joined Yahoo Finance to discuss her outlook on inflation and the central bank’s response. Below is a transcript of her appearance, aired live on April 21. – BRIAN CHEUNG: Welcome to Yahoo Finance live. I am Brian Cheung live here at the Federal Reserve Bank of San Francisco alongside the president of the San Francisco Fed Mary Daly. Good morning. How are you? MARY DALY: Good morning. I’m terrific. Thanks for having me. BRIAN… Source link

At the New York Auto Show this week, car fans, journalists, and industry watchers were treated to a feast for the eyes, with all the new car designs and plush interiors on display. Under the skin of these cars, however, is a different beast — and it’s not the engine. It’s all the data these cars generate. McKinsey estimates a car produces around 25 gigabytes of data per hour, which is an astounding amount. And this data is worth big money. “The car has really turned into a modern… Source link

San Francisco Fed President Mary Daly told Yahoo Finance Live in an exclusive interview on Thursday that she sees the case for interest rates to move ‘expeditiously’ higher in order to pump the brakes further on surging inflation. And with the Fed growing increasingly hawkish in its endeavor to lower prices, uncertainty remains as to when month-over-month inflation will turn around. Deutsche Bank (DB) Wealth Management CIO for the Americas Deepak Puri believes that prices are currently at… Source link

Google officially opened its new mixed-use campus on New York’s Hudson River that includes a two-acre rooftop and public gathering spaces. Photo courtesy of Google As Google employees return to campus life following over two years of remote work, the company has a splashy new office for workers in New York. Google has officially opened a new campus on a Hudson River pier, and it sits on New York’s largest rooftop. The 630,000-square-foot campus, which sits on Pier 57, includes three buildings… Source link

With 4/20 in the rearview mirror for the cannabis industry, some companies are still looking for reasons to celebrate as the fight to legalize marijuana continues. The Biden administration has been mostly silent on the topic of federal marijuana legalization, offering neither support nor opposition to the bill which passed the House of Representatives earlier this month. The Marijuana Opportunity, Reinvestment and Expungement (MORE) Act, if signed into law, would remove marijuana from the list… Source link

Digital creation platform Picsart has launched an integration with Google Drive via the Google Workspace Marketplace. The new integration enables users to edit Google Drive images in Picsart’s web editor and easily save them back to Drive. Picsart notes that creators can now use its editing tools to personalize their content without having to leave the Google Drive workspace. Picsart offers a range of digital creation and editing tools aimed at both consumers and… Source link