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Inflation may be rising, but for now, at least, investors don’t seem to mind. Both the NASDAQ and the S&P 500 are holding just below their all-time high levels, reflecting a wide-spread feeling that, with interest rates low, stocks will provide the strongest returns for the near future. And stocks have been delivering. The S&P is up 13% year-to-date, and the NASDAQ, despite greater volatility and some weakness in the big tech companies, is up 7%. These gains come even as inflation is… Source link

(Bloomberg) — More transparency is needed into what kind of cash payments are made after ransomware attacks, a top Democrat said, following a recent spate of cyber-attacks aimed at U.S. companies. Mark Warner, chairman of the Senate Intelligence Committee, spoke days after a top U.S. meat producer needed to shut down facilities that account for almost a quarter of American beef supplies after a cyber incident. “Not only are the companies often not reporting that they are attacked, but… Source link

Roger Federer doesn’t want to push his body too far. Federer pulled out of the 2021 French Open on Sunday, citing the need to rest and rehab following two knee surgeries. Federer, 39, made the announcement on Twitter, saying, “It’s important that I listen to my body and make sure I don’t push myself too quickly.” Federer, ranked No. 8, was set to take on No. 9 Matteo Berrettini in the fourth round of the tournament. Berrettini will now advance to the quarterfinals on a walkover. He’ll take on… Source link

This week is set to be a relatively quiet one for investors in terms of economic data releases and earnings reports. Officials from the Federal Reserve will also enter their “blackout period” ahead of their June policy-setting meeting. Still, new data on consumer price inflation will be of interest, since market participants have been looking for signs that the post-pandemic recovery is generating a surge in prices amid supply chain and labor shortages and booming demand.  The Labor… Source link

Q: For people that use Yahoo! or AOL email, what happens to their accounts now that Verizon has sold these assets? Will they need to seek out new providers? How does this work for consumers?   — Connie G., Hobe Sound  A: In May 2021, Verizon sold its equity share in both AOL and Yahoo! to Apollo Global Management for approximately $5 billion. In addition to the main brands involved, the sale also included entities like TechCrunch and Engadget, as well as a number of AOL and… Source link

(Bloomberg) — The Russell Reconstitution is a big deal every year, but this time, potential changes for GameStop Corp. and AMC Entertainment Holdings Inc. make it interesting for a broader swath of investors than normal. The annual reconstitution of Russell’s U.S. family of indexes accounts for market changes in the previous year, and it affects more than $10.6 trillion in investor assets benchmarked to, or invested in, products based on the Russell U.S. Indexes, according to its website…. Source link

(Bloomberg) — Bitcoin and most other top cryptocurrencies fell on Sunday on concerns that there may be a further crackdown on the industry in China and as a report from Goldman Sachs Group Inc. served as a reminder that institutional adoption may be a long process. Bitcoin and many others in the top 30 cryptocurrencies excluding stablecoins declined in the past 24 hours as of 12:20 p.m. in London on Sunday, according to pricing data from CoinGecko, though No. 2 Ether was slightly higher…. Source link

A radical new function appears to be coming to Google Pixel smartphones in the next few days. Google’s Pixel 5 flagship smartphone © 2020 Bloomberg Finance LP MORE FROM FORBESSamsung Confirms Serious Galaxy S21 ProblemBy Paul Monckton Google is likely to deliver an impressive new Astrophotography timelapse camera mode in its next Pixel update, according to a new report. Pixel 3 phones and newer already provide an impressive Astrophotography mode that lets your… Source link

The App is Back! Don’t forget to download the NBC Sports EDGE app to receive real-time player news, mobile alerts and track your favorite players. Plus, now you can check out articles and player cards. Get it here! Here’s an oversimplification: things haven’t exactly been trending in the right direction for the rebuilding Orioles this season. That disturbing trend continued on Saturday afternoon when ace left-hander John Means, who tossed a no-hitter against the Mets last month, was… Source link

The Nets had hustle and star power in Game 1. (Photo by Tim Nwachukwu/Getty Images) Even with only a big 2 (or big 14, according to Kevin Durant), the Brooklyn Nets are still formidable. The Milwaukee Bucks confirmed that for themselves on Saturday. The Nets defeated the Bucks 115-107 in Game 1 of the Eastern Conference semifinals, riding big nights from Durant and Kyrie Irving at home in Barclays Center. The game opened with a brutal turn of events for the Nets, as James Harden exited after… Source link