Wall Street’s stock market upgrades are now downgrades

January 9, 2024 Yahoo News 0

Wall Street’s stock market upgrades are now downgrades

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: RBC Capital’s Lori Calvasina became the latest strategist to raise her 2024 price target for the S&P 500 on Monday, lifting her forecast to 5,150 from 5,000. But by raising expectations for the benchmark index this year, Calvasina actually offered a more tempered outlook for stocks than what her team set forth in November 2023. “When we introduced our 5,000 target back in… Source link

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Donald Trump Fuels Instant Fact Check With Latest Ridiculous Lie

January 9, 2024 Yahoo News 0

Donald Trump Fuels Instant Fact Check With Latest Ridiculous Lie

Donald Trump’s latest untruth received a swift fact check on X (née Twitter). The Republican 2024 front-runner claimed gas is now selling for “5, 6, 7 and even $8 a gallon” during an interview with former Fox News host Lou Dobbs that aired Monday on LindellTV, the platform founded by MyPillow CEO and longtime Trump ally Mike Lindell. Attorney Ron Filipkowski shared the clip of Trump’s false claim on X and a reader-added community note was soon added to the post. It read, “GasBuddy… Source link

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Samsung Profit Tumbles 35% as Chip Weakness Persists

January 9, 2024 Yahoo News 0

Samsung Profit Tumbles 35% as Chip Weakness Persists

(Bloomberg) — Samsung Electronics Co. posted its sixth straight quarter of declining operating profit, reflecting weak consumer demand and stoking uncertainty over the timing of a broader tech recovery. Most Read from Bloomberg Korea’s largest company reported a 35% fall in operating income to 2.8 trillion won ($2.1 billion), about 24% shy of estimates. Revenue slid more than anticipated to 67 trillion won. For all of 2023, Samsung reported its slimmest operating profit in 15 years. The… Source link

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FTC nominee Melissa Holyoak traded chummy emails with Google-backed firm that ‘advocates abolishing antitrust rules’

January 8, 2024 Google News 0

FTC nominee Melissa Holyoak traded chummy emails with Google-backed firm that ‘advocates abolishing antitrust rules’

Business exclusive By Thomas Barrabi Published Jan. 8, 2024, 4:55 p.m. ET Emails obtained by The Post reveal Federal Trade Commission nominee Melissa Holyoak’s chummy rapport with ex-colleagues at a Google-funded think tank – including one who wrote of the FTC that “burning it to the ground is too good for it.” Holyoak, the Republican solicitor general of Utah, previously spent five years as an attorney for the Competitive… Source link

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More Google Wallet state IDs coming in next few months

January 8, 2024 Google News 0

More Google Wallet state IDs coming in next few months

Back in October, the total number of state IDs available in Google Wallet increased to four. “Digital ID will be a cornerstone for [Google] in the next year” and support for more states in the Wallet app on Android is coming. This is according to Dong Min Kim, director of product management for Google Wallet, in an interview with American Banker published last week, who also teased a “pipeline” of upcoming additions. There’s a pipeline of additional… Source link

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