Facebook might be down, but it’s not out yet Photo by Alexander Shatov on Unsplash Facebook stock is down almost 45% from last year’s highs and most people are blaming Apple’s 2021 privacy moves on iPhone. This week Google announced massive and similar changes on Android, prompting another 6% drop this week and ousting Facebook (ok, Meta) from the world’s top 10 biggest companies by market cap. But are Google’s privacy moves as dangerous to Facebook… Source link
Read More »The Russell 2000 is performing terribly — why that could be bad news for the stock 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 Monday, February 7, 2022 Bigger isn’t always better. Case in point: Lots of trading desks are locked in on the dramatic underperformance of the small-cap Russell 2000 Index amid the bounce-back in broader stocks from the late January lows. The Russell 2000 — which is often viewed a proxy for the strength (or lack thereof) of the domestic economy… Source link
Read More »Why the stock market is as vulnerable as someone after a bad breakup: 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 Monday, January 31, 2022 Remember your first bad breakup? I bet it was painfully brutal. The weeks full of tears. The instant anger at the sight of life itself. The endless worrying if your ex was already seeing someone else. The parking outside of their house from 9 p.m. to 4 a.m. with the lights off to watch if they went anywhere (or was that… Source link
Read More »Big banks ready themselves for Fed rate hikes — which could be good and bad
The Federal Reserve hasn’t done anything with interest rates yet, but bank earnings released Friday show that the mere anticipation of a pullback in easy money policies is weighing on the industry. On Friday, three of the nation’s four largest banks reported earnings covering the final quarter of 2021: JPMorgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC). At Wells Fargo, bread-and-butter loans and strong expense management made the San Francisco-based bank the only stock winner among… Source link
Read More »In bad news for US cloud services, Austrian website’s use of Google Analytics found to breach GDPR – TechCrunch
A decision by Austria’s data protection watchdog upholding a complaint against a website related to its use of Google Analytics does not bode well for use of US cloud services in Europe. The decision raises a big red flag over routine use of tools that require transferring Europeans’ personal data to the US for processing — with the watchdog finding that IP address and identifiers in cookie data are the personal data of site visitors, meaning these transfers fall under the purview… Source link
Read More »Joe Judge rants after Giants’ historically bad loss
The New York Giants lost their fifth straight game by double digits on Sunday, and this was the ugliest of them all. Facing the 5-10 Chicago Bears, a team widely expected to fire their head coach after this season, the Giants weren’t just bad on offense, they were historically putrid. With starting quarterback Daniel Jones shut down for the season, back-up Mike Glennon finished the day 4-of-11 for 24 passing yards, two interceptions and four fumbles (two lost). Of Glennon’s four completed… Source link
Read More »COVID-era relief ends with small biz trapped on ‘bad ride’ as Omicron surges
A deadline for COVID-era recovery loans lapsed on Friday, with questions lingering about how much funding is available to help backstop small businesses hunkering down as the Omicron variant surges across the economy. Small business owners had until Friday to apply for the regular Economic Injury Disaster Loan (EIDL) and the Targeted EIDL Advance program. However, the Small Business Association (SBA) didn’t clarify how much remains in those funds. A representative told Yahoo Finance the… Source link
Read More »WFT teammates fight each other on sideline after bad start
The Washington Football Team couldn’t stop the Dallas Cowboys in the first half. They couldn’t move the ball either. WFT was being blown out, and that was embarrassing enough. Then two teammates started fighting on the sideline. Defensive linemen Daron Payne and Jonathan Allen were sitting on the bench after another Cowboys touchdown. Payne was arguing with Allen, Allen was trying to not react when Payne poked him in the head. That led to Allen getting up swinging. Fight between teammates… Source link
Read More »Zach Wilson’s spectacular TD aided by bad Jaguars defense
It’s Week 16, and Zach Wilson finally has his breakout NFL play. The New York Jets rookie quarterback selected second overall in April’s draft hasn’t exactly taken the NFL by storm. But he flashed the athleticism that made him a dynamic prospect with a spectacular touchdown against the Jacksonville Jaguars on Sunday. He did so with his feet instead of his arm. Wilson escapes pressure, embarrasses Jags defenders With New York facing third-and-5 near midfield in the first quarter, Wilson… Source link
Read More »Jaguars’ hiring puts Shad Khan in bad light
The best lie the NFL ever told is that the league is a meritocracy. For the players? Sure, most of them at least. But anyone else? Heck no. Not for head coaches, unless you think it’s just a happy coincidence nearly a third of this year’s group is of blood relation to another current or former coach. Not for assistant coaches, who usually get their jobs because of who they’re related to or whose father they married or who they worked with two or three stops previous. And it absolutely,… Source link
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