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The risk of a recession “is getting higher and higher,” says veteran economist Mohamed El-Erian. “My definition of a recession is a holistic definition. It goes well beyond two quarters of negative GDP,” said the chief economic advisor of Allianz and former CEO of PIMCO. “The labor market is too strong. Consumer spending is too strong. Business balance sheets are too strong. We simply are not in a recession. Is the risk of recession high? Yes, it is high and getting higher,”… Source link

Enlarge / Someday, Google’s messaging lineup will look like this (assuming Google can stop launching competing products). Ron Amadeo Google is officially kicking off the merger of its two video chat apps, Google Meet and Google Duo. Google announced the merger in June, with the plan to keep the Google Meet brand name while merging the best of both code bases into the Google Duo app. According to Google’s PR email (no… Source link

Here are 3 top dividend stocks for stable cash return and inflation protection — one of them even offers an incredible 13.3% yield When high-flying growth stocks made all of the headlines last year, dividend stocks often got ignored. But the Nasdaq remains down 20% in 2022, and many of those former hot stocks haven’t bounced back. In volatile times like these, a steady and increasing stream of dividends can help risk-averse investors sleep better at night. Healthy dividend stocks have the… Source link

Elon Musk’s lawyers are accusing Twitter (TWTR) of “burying” his side of the story in their dispute over the Tesla (TSLA) CEO’s decision to renege on a $44 billion deal to buy the social media site. In dueling letters filed in Delaware Chancery Court on Wednesday, Twitter argued that court rules require Musk’s countersuit, now filed under seal, to be blocked from public view for five business days. Meanwhile, Musk accused Twitter of misapplying the rule to conceal his version of… Source link

The Pixel 6A from Google is just a week old, but there’ve been notable promotions running on it since before it came out. Now, you can get the Pixel 6A for an outright discount of $50 off at Amazon, knocking the price of the sage and charcoal colors down to $399 — no included gift card or earbud stipulations to worry about. This is a moderately priced phone, now priced even better for a limited time. Be sure to click the on-page coupon to get the full discount at Amazon, so each color… Source link

Brittney Griner, center, is escorted in a court room prior to a hearing, in Khimki just outside Moscow, Russia, Thursday, Aug. 4, 2022. (AP Photo/Alexander Zemlianichenko) Inside her metal courtroom cage, a solemn, stone-faced Brittney Griner learned how long she’ll be locked away in Russian prison if the Biden administration can’t broker a deal to secure her release. A Russian judge handed down a harsh 9-year sentence on Thursday, rejecting the WNBA star’s emotional apology and plea for… Source link

The entire semiconductor industry seemed to be holding its breath as Nancy Pelosi’s plane made its final approach to Taipei this week. Some in the sector now appear to be exhaling. The dramatic slate of responses from China to the House Speaker’s visit has notably sidestepped the chip issue — signaling that both the U.S. and China hope to keep Taiwan’s valuable semiconductor factories humming no matter what else happens in the coming weeks and months. “I think both the U.S. and China are… Source link

Apple launches the iPhone 13 in the UK Ming Yeung | Getty Images Apple, Google, Amazon, Samsung and other firms are teeing up for a busy fall filled with lots of new gadget launches. It’s like clockwork. Big tech companies launch the latest products, like phones, watches, or even robots and flying security drones, beginning in August and up through November, to gear up for the holiday shopping rush. Samsung kicks it off next week, on August 10, when it will announce new folding phones, giving it… Source link

Russian prosecutors asked a judge during closing arguments on Thursday to sentence Brittney Griner to 9 ½ years in prison, just shy of the maximum 10 years that she is eligible to receive. Both a verdict and potential sentence in the WNBA star’s drug-smuggling trial are expected Thursday, her attorney told reporters. Closing arguments ended with Griner herself having the final word. Standing in the defendant’s cage at the back of the tiny courtroom, Griner took responsibility for her… Source link

There are 12 teams that have never won a Super Bowl. Some of them have virtually no chance of taking themselves off that list this season. Houston Texans and Atlanta Falcons, we’re talking about you. However, it seems like this could be a season in which we get a first-time winner. Buffalo hopes so. The Buffalo Bills are the Super Bowl favorite and in a month when you see preseason picks rolling in, you’ll see the Bills as the most popular pick to win the championship this season. But the… Source link