Tag Archives: ahead

The U.S. Federal Reserve risks weak economic growth throughout this year due to its backward-looking, “draconian” rate hikes, warned Wall Street’s best-known tech sector bull. ARK Invest founder Cathie Wood, who became famous for her prescient bets on disruptive technologies led by companies such as Tesla, argued the Fed must temper its policy given leading economic indicators were flashing red. These included speculative bets indicating an expectation for rising bankruptcies via… Source link

The NBA draft is Thursday night at 7:30 p.m. ET, and the first round is starting to take shape. Jabari Smith is projected to go No. 1 to the Orlando Magic (over Chet Holmgren and Paolo Banchero), and there are rumblings multiple teams are interested in trading up to No. 4 in pursuit of Purdue guard Jaden Ivey. Wake Forest wing Jake LaRavia and Arizona guard Dalen Terry are late first-round risers. It will be interesting to see what Oklahoma City does with the No. 2 pick and if the Thunder keep… Source link

Cryptocurrency sell-offs continued through Tuesday morning, with drawdowns waning after the sector’s “Black Monday” saw over $1 billion in crypto derivatives liquidated over a 24 hour period according to data from Coinglass. Overall, the total crypto market cap has lost more than two-thirds of its value since peaking in November, according to Coinmarketcap, falling from $3 trillion at its apex to $952 billion as of Tuesday 11 am New York time. After briefly dipping to $20,950 per unit… Source link

The White House announced a plan to distribute COVID-19 vaccines for younger children — once authorized — ahead of next week’s FDA advisory meeting. The plan follows a similar strategy as those for adult and older kids’ vaccinations, including making doses available at pharmacies, hospitals, doctors offices and health clinics. “The Administration’s vaccination program for America’s youngest children will focus on addressing the specific needs of this age group and their… Source link

The owner of an ice cream shop in Mashpee told The Wall Street Journal that he’s struggling to hire employees.Jens Kalaene/picture alliance via Getty Images Customers in a 45-minute line for a Massachusetts ice cream parlor, the owner told the WSJ. He told WSJ he expected the shop to be busy, but didn’t think there’d be no job applicants. The owner added that it was a “scary” position to be in ahead of peak summer season in June. The owner of an ice cream shop in Massachusetts said that… Source link

Andy Cohen and Bravo continue to face backlash for Real Housewives of Dubai. Ahead of the show’s June 1 premiere and days after the first trailer was released, a group of 12 human rights groups called for the network to publicly oppose the violence against women as well as the homophobic laws perpetrated by the rulers of Dubai and the United Arab Emirates. Andy Cohen and Bravo are being slammed by human rights groups ahead of the Real Housewives of Dubai premiere on June 1. (Photo: Slaven… Source link

Google has reached an interim agreement with Match Group, the dating app provider behind Tinder, Hinge, and OkCupid, that will allow its apps to remain on the Google Play Store while offering alternate payment systems, as first reported by The Wall Street Journal. Earlier this month, Match Group filed a complaint against Google, alleging the company “illegally monopolized the market for distributing apps” by requiring app developers to use Google’s billing system and then taking up… Source link

U.S. stock futures opened flat Tuesday evening, as investors looked ahead to a key report on the state of inflation in the U.S. to help clarify the path forward for monetary policy. A key datapoint due for release Wednesday morning will be the Labor Department’s April Consumer Price Index (CPI), offering an update on price increases across the U.S. economy. Economists expect the report will show some deceleration in inflation rates and confirm that March was the peak for price gains this… Source link

U.S. stocks have had a rough start to the year after a standout 2021—and if history is any guide for what’s to come, things could get even worse from here. The S&P 500, which returned nearly 27% to investors last year, has been dragged down more than 15% year to date by rising interest rates, geopolitical tensions, persistent inflation, and a number of other bearish factors. The big question on most investors’ minds: How much further will stocks drop? Bank of America’s chief investment… Source link

(Bloomberg) — The Federal Reserve delivered the biggest interest-rate increase since 2000 and signaled it would keep hiking at that pace over the next couple of meetings, unleashing the most aggressive policy action in decades to combat soaring inflation. Most Read from Bloomberg The U.S. central bank’s policy-setting Federal Open Market Committee on Wednesday voted unanimously to increase the benchmark rate by a half percentage point. It will begin allowing its holdings of Treasuries and… Source link