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All it took for Elon Musk to set the hearts of Tesla investors aflutter was one simple word. A full week after Singapore-based billionaire Leo KoGuan warned only a stock buyback or 100% earnings growth would pull Tesla out of its current slump, Musk finally replied to his third largest shareholder. “Noted,” he wrote on Thursday. Minutes later the stock reversed its losses as investors took this as a clear sign that Musk might greenlight Tesla spending anywhere between $5 billion to even… Source link

U.S. stocks erased gains Friday as Wall Street’s biggest banks reported earnings and investors digested more inflation expectations. The S&P 500 (^GSPC) fell 1.7%, while the Dow Jones Industrial Average (^DJI) was down nearly 1%. The technology-heavy Nasdaq Composite (^IXIC) fell by 2%. Stocks turned sharply lower as a consumer survey from the University of Michigan showed inflation expectations increasing, marking the highest level in six months. “The uptick in inflation expectations probably… Source link

Google has now rolled out all of the promised Lock Screen widgets for its iPhone apps, including the Google app, Gmail, Google Maps, Chrome, Google News, and Google Drive. The rollout was completed today with two Lock Screen widgets for Maps, following five widgets for the Google app that were released on Wednesday. In version 233.0 of the Google app, the widgets include the following descriptions, with two widget sizes for Search: Search: Access Google Search from your Lock Screen Voice… Source link

AMP is an HTML framework that helps desktop-optimized sites deliver ultra-fast mobile versions of webpages. AMP is a creation of Google, which has led to claims it gives pages a ranking advantage in mobile search over non-AMP pages. When you think about it, AMP ticks several boxes that suggest it could be a ranking factor: Developed by Google ✅ Makes websites more mobile-friendly ✅ Improves page speed ✅ Despite actively encouraging people to use it, Google has debunked claims that AMP… Source link

Beyond Meat is letting go of an executive who allegedly bit someone’s nose outside of a football game last month as part of a 19% reduction in the plant-based meat company’s global workforce that also includes the embattled company’s COO. Beyond Meat stock were down more than 7% in pre-market trading as of 7:12 AM ET. The company stated that the last day of Chief Operating Officer (COO) Doug Ramsey would be Friday. Ramsey had been on suspension since September 20 after the alleged incident,… Source link

By Aishwarya Venugopal, Diane Bartz and Abigail Summerville (Reuters) – Kroger Co snapped up Albertsons Cos Inc in a $25 billion deal on Friday, creating a U.S. grocery behemoth to better compete with leader Walmart Inc on prices while bracing for potential antitrust roadblocks. The mega merger between the No. 1 and 2 standalone grocers in the United States will bring under one roof nearly 5,000 stores that include banners such as Albertsons’ Safeway and Kroger-owned Ralphs and Fred Meyer. The… Source link

The Federal Reserve is being too aggressive with its stance on interest rates and could send the job market into a tailspin, warns MKM Partners chief economist Michael Darda. “I think households here are also caught in the Fed’s crosshairs because the tightening is likely to keep going until it kills the labor market,” Darda said on Yahoo Finance Live (video above). “They [the Fed] will kill inflation, but they are going to end up killing the labor market.” Cracks in the labor market are… Source link

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 Friday, October 14, 2022 Today’s newsletter is by Julie Hyman, anchor and correspondent at Yahoo Finance. Follow Julie on Twitter @juleshyman. Read this and more market news on the go with Yahoo Finance App. Inflation came in red-hot again on Thursday, meaning the Federal Reserve will almost certainly raise interest rates by at least 75 basis… Source link

The Business Secretary Jacob Rees-Mogg and the recently appointed Trade Minister, Dominic Johnson, are to offload their holdings in a firm that has strong financial links to a Kremlin propaganda machine, i can reveal. Mr Rees-Mogg and Mr Johnson are co-founders and shareholders in Somerset Capital Management LLP, which holds around 2.5 million shares in Russian internet giant Yandex. Known as Russia’s Google, Yandex pumps out pro-Kremlin search results on issues ranging from the war in… Source link

The Business Secretary Jacob Rees-Mogg and the recently appointed Trade Minister, Dominic Johnson, are to offload their holdings in a firm that has strong financial links to a Kremlin propaganda machine, i can reveal. Mr Rees-Mogg and Mr Johnson are co-founders and shareholders in Somerset Capital Management LLP, which holds around 2.5 million shares in Russian internet giant Yandex. Known as Russia’s Google, Yandex pumps out pro-Kremlim search results on issues ranging from the war in… Source link