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Markets should be wary of high inflation and the potential spread of new COVID variants in 2022, a new Bank of America (BAC) report warns. “Future COVID waves are the biggest downside risk,” the report noted. “On the upside, the supply-side wakes up to meet the gains in demand.” Authored by several Bank of America Global Research economists, the report mainly focuses on the various threats to the global economy in 2022 and beyond. Among these economic risks are high inflation rates, the… Source link

Warren Buffett says these are the best stocks to own when inflation spikes — with high prices no longer ‘transitory,’ it might be time to follow his lead After months of rising prices, the Fed’s claim that high inflation rates would be “transitory” is looking a bit transitory itself. “It’s probably a good time to retire that word and try to explain more clearly what we mean,” Fed Chairman Jerome Powell said Tuesday. “I think the risk of higher inflation has increased.” A… Source link

Crypto lender Celsius Network lost funds in a recent cyber hack, the latest decentralized finance (DeFi) attack that comes amid a broad retrenchment in cryptocurrencies. On Wednesday night, BadgerDAO, a decentralized autonomous organization (DAO) which builds DeFi products using Bitcoin as collateral, announced over its Discord it would halt the functioning of its products after reports of “unauthorized withdrawals of user funds.” During an “ask me anything” (AMA) session on Friday,… Source link

We’ll show you how Google Maps can help you navigate through the holidays. Angela Lang/CNET … Source link

Actress Miranda Cosgrove is a familiar face in Hollywood — first hitting the big screen at age 10 in “School of Rock.”  Now, at age 28, Cosgrove is an executive producer, climate change advocate and just made the Forbes 30 under 30 list for the class of 2022, following a successful launch of the highly-anticipated “iCarly” reboot on Paramount+ (VIAC). “It’s been an awesome experience,” Cosgrove told Yahoo Finance — noting her growth from a nervous 13-year-old actress to a confident… Source link

Google infamous Chrome tracking nightmare has just gotten worse. The company has confirmed critical changes to its promise to stop its browser’s 2.6 billion users being secretly tracked across the web, risking further, significant delay. Chrome’s dominance of the browser market is well understood, with an almost 65% market share. Only Safari offers any competitive scale at around 20%, which means that when you look to non-Apple users, Chrome’s dominance is incredible. The more… Source link

Licensed practical nurse Yokasta Castro, of Warwick, R.I., draws a Moderna COVID-19 vaccine into a syringe at a mass vaccination clinic, May 19, 2021, at Gillette Stadium, in Foxborough, Mass. (AP Photo/Steven Senne, File) Omicron happened this week. (You think?) And with the arrival of this new variant all the depressingly familiar potential pain points come tumbling back — along with some brand-spanking new ones. On Thanksgiving (just nine days ago) we could really believe that COVID was… Source link

(Bloomberg) — Bitcoin plunged along with other cryptocurrencies on Saturday, in another indication of the risk aversion sweeping across financial markets. Most Read from Bloomberg The largest digital token fell as low as $42,296 before paring some of the tumble. It was trading at about $47,600 as of 1:50 p.m. in Singapore on Saturday, a drop of about 11%. Ether, the second-largest token, fell as much as 17.4% before trimming the retreat to about 10%. The overall crypto sector has shed around a… Source link

Sergio Pettis retained his title on Friday night with a wild konckout over Kyoji Horiguchi. (Photo courtesy of Bellator) Sergio Pettis was struggling on Friday night in Connecticut. Then, after just one wild hit, Pettis not only walked out of Bellator 272 with a win but also launched himself into the conversation for knockout of the year. Pettis pulled out an all-time knockout after he landed a perfect spinning backfist to send Kyoji Horiguchi to the ground in the fourth round on Friday night… Source link

The Oregon and Utah sequel went much like the first game two weeks prior. No. 17 Utah (10-3) jumped out to a 23-0 lead in the first half Friday night on the way to a 38-10 victory over the Ducks to win the Pac-12 and go to the Rose Bowl for the first time. Utah led 28-0 at halftime of a 38-7 win over Oregon on Nov. 20. And the halftime leads in each game were inflated by late Oregon mistakes. In November, Utah’s Britain Covey returned a punt 78 yards for a touchdown as time expired. Friday… Source link