Mohamed El-Erian details ‘fundamental change to the marketplace’ as the Fed moves

Along with being expected to start a rate hike cycle in March, the U.S. Federal Reserve is expected to stop purchasing assets to add to its $9 trillion balance sheet. And while multiple rate hikes seems to be largely factored into the stock market, winding down the balance sheet — i.e., start selling assets into the market as opposed to buying — is a less understood variable. “When… the most reliable buyer with its own printing press and an incredible willingness to buy – when they… Source link

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Why stocks are plummeting this earnings season

Friday, another round of jaw-dropping stock sell-offs after earnings announcements hit the tape, when Roku (ROKU) stock plunged 23% and DraftKings (DKNG) cratered 22% — the second-worst one-day performance for both stocks. Nightmare earnings reactions have been a theme this quarter, as investors seize on concerns over slowing growth prospects for companies over a wide range of industries. Combined with an increasingly hawkish Federal Reserve and a potential land war in Europe, investors are… Source link

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This economic weapon could cut Russia off from ‘the 21st century economy’

In addition to the severe sanctions that Joe Biden has promised, the White House says it’s ready to deploy another economic weapon if Vladimir Putin goes ahead with his planned invasion of Ukraine. That weapon, the Export Administration Regulations (EAR), allows the Biden administration to ban foreign and domestic companies from exporting products like high-tech semiconductors to Russia. Many questions remain about how effective the rule would be at penalizing Russia. However, the U.S. has… Source link

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How to Use Google Chrome’s Enhanced Safety Mode

As soon as you dip a virtual toe in the online waters, you’re exposing yourself to danger, whether from suspicious links, dodgy downloads, data harvesters, or something else. The good news is that our web browsers have evolved to become more secure and savvy. If Google Chrome is your browser of choice, you have access to an Enhanced Safe Browsing mode, which you might not be aware of: It’s essentially what it sounds like, an extra layer of protection that you’re able to switch on if you want… Source link

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Google Reaches Undisclosed Settlement in Discrimination Suit

Alphabet Inc.’s Google has reached a settlement for an undisclosed amount with Chelsey Glasson, who said she faced discrimination by the search giant after she became pregnant. Glasson sued Google in 2020 after repeated efforts to report pregnancy discrimination were ignored, she said in October. She estimated her legal fight would cost more than $100,000 and take a heavy toll on her mental health. Glasson said her experience at Google left her with insomnia, panic attacks and heart… Source link

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Jessie Diggins wins USA’s final medal

BEIJING — Jessie Diggins brought home the United States’ 25th and final medal of the 2022 Olympic Games, winning silver in the grueling 30km mass start cross-country race while fighting off both exhaustion and the after-effects of food poisoning. “That might have been the best race of my entire life, I’m not going to lie,” she said after collapsing at the finish. “It was also maybe the hardest race of my whole life.” The final event in the Games’ Zhangjiakou mountain cluster, the… Source link

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Jamahal Hill puts Johnny Walker to sleep with brutal KO

Jamahal Hill made quick work of Johnny Walker on Saturday at UFC Vegas 48. (Photo by Jeff Bottari/Zuffa LLC) LAS VEGAS — Jamahal Hill’s nickname is “Sweet Dreams,” but it was Johnny Walker who took a very violent nap on Saturday at UFC Vegas 48 inside the Apex. Hill caught Walker with a crushing right hand to the temple that beat Walker’s jab to the mark. Walker did a dead fall backward, but Hill was so quick, he got to Walker before the referee. Hill landed another right to the chin… Source link

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Washington legend Charley Taylor dies at 80

Charley Taylor was an offensive threat wherever he got the ball. (Getty Images) Charley Taylor, the Washington Commanders Hall of Famer who retired as the NFL’s all-time leading receiver, died Saturday, the team announced. He was 80 years old. Taylor played his entire career in Washington, accruing eight Pro Bowl nods, two NFL receptions titles and the 1964 Rookie of the Year Award. He retired with not only 9,110 career receiving yards, most in NFL history at that point, but also 1,488 rushing… Source link

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Zach LaVine talks max contract in free agency

CLEVELAND — Perhaps no player can make a bigger jump in profile over the next three months than Chicago Bulls guard Zach LaVine. He’s a two-time All-Star and for the first time in his career, on a bona fide playoff team with aspirations on making noise beyond the first round. He and DeMar DeRozan rank as one of the league’s best duos, a deadly perimeter 1-2 punch that will create matchup problems across the board. And he’ll be a free agent in July — an unrestricted free agent. A big… Source link

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NFL fines Bengals CB Vernon Hargreaves for Super Bowl flag

Cincinnati Bengals cornerback Vernon Hargreaves III didn’t play a single down in Super Bowl LVI, but he has still managed to pick up a penalty and now a fine from the game. The NFL is docking Hargreaves $5,555 for his now-infamous penalty in which he joined a Bengals interception in street clothes, according to NFL Network’s Ian Rapoport. Hargreaves, announced as inactive before the game, was called for unsportsmanlike conduct. The penalty was called near the end of of the first half, when Los… Source link

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