The real Omicron fear factor that’s moving the market: Morning Brief

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 Tuesday, November 30, 2021 Investors are less spooked by the virus than officials’ reaction to it Out of nowhere last week, the Omicron variant of COVID-19 appeared out of nowhere to sow fear, confusion — and lots of red ink on Wall Street.  As the World Health Organization’s director general so eloquently phrased it, the mutation’s big… Source link

Read More »

FTC orders Walmart, Amazon, Kroger and more to turn over information on empty shelves, high prices

The Federal Trade Commission said Monday that it is investigating the causes behind ongoing supply chain disruptions and how they are “causing serious and ongoing hardships for consumers and harming competition in the U.S. economy.” The FTC said it is ordering Walmart, Amazon, Kroger, other large wholesalers and suppliers including Procter & Gamble Co., Tyson Foods and Kraft Heinz Co. “to turn over information to help study causes of empty shelves and sky-high prices.” Orders also are… Source link

Read More »

Stock futures extend gains as virus fears ease

Stock futures opened higher on Monday to hold onto gains after a recovery rally, with investors at least temporarily shaking off concerns over a new coronavirus variant and looking ahead to new market catalysts.  Contracts on the S&P 500, Dow and Nasdaq rose. Each of the three major indexes had ended the regular trading day solidly in the green, with technology stocks leading the way higher and helping pull the Nasdaq up by nearly 2%.  Investors were heartened by remarks from the White… Source link

Read More »

Satya Nadella sells half his Microsoft stock, weeks before state implements capital gains tax

Microsoft CEO Satya Nadella at the company’s shareholders meeting in 2015. (GeekWire File Photo.) Microsoft CEO Satya Nadella sold half of his stake in the company in a series of transactions last week, divesting about 840,000 shares for a sum of more than $285 million, according to a regulatory filing. Nadella sold the shares “for personal financial planning and diversification reasons,” the Redmond-based company said in a statement Monday afternoon. “He is committed to the continued… Source link

Read More »

Wharton’s Jeremy Siegel warns that stocks could drop 10% as soon as December — hold fast with these 3 ‘conservative’ tech picks

Wharton’s Jeremy Siegel warns that stocks could drop 10% as soon as December — hold fast with these 3 ‘conservative’ tech picks The stock market could suffer a 10% correction as early as December if the Federal Reserve starts cracking down on inflation, a respected author and professor of finance says. With inflation hitting a 30-year high of 6.2% in October, Jeremy Siegel expects the Fed will finally roll up its sleeves at its next meeting. That could mean the end of low interest… Source link

Read More »

Google Play apps downloaded 300,000 times stole bank credentials

Researchers said they’ve discovered a batch of apps downloaded from Google Play more than 300,000 times before the apps were revealed to be banking trojans that surreptitiously siphoned user passwords and two-factor authentication codes, logged keystrokes, and took screenshots. The apps—posing as QR scanners, PDF scanners, and cryptocurrency wallets—belonged to four separate Android malware families that were… Source link

Read More »