This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Old habits die hard, in investing and in life. Take for example an employee who has been doing the same thing for a decade, then gets a promotion in large part because of what they were doing the last decade. It’s evolve or die in this new role — risk clinging to the past and its myriad of practices, or embrace the future and crush it. The same could be applied to… Source link
Read More »‘Avatar’ sequel misses estimates but theater executives not concerned: ‘Moviegoers are waiting’
Disney’s (DIS) “Avatar: The Way of Water” delivered director James Cameron his first $100-million opening weekend — but missed industry expectations of $170 million-plus. The much-anticipated sequel, which runs 3 hours and 12 minutes, secured roughly $134 million in domestic markets — tying with Warner Bros.’ (WBD) “The Batman” as the fifth-highest opener of 2022, according to Comscore data. Disney, which saw shares slump 3% in early trading on Monday, had anticipated a range between $135… Source link
Read More »‘Avatar’ sequel misses estimates but theater executives not concerned: ‘Moviegoers are waiting’
Disney’s (DIS) “Avatar: The Way of Water” delivered director James Cameron his first $100-million opening weekend — but missed industry expectations of $170 million-plus. The much-anticipated sequel, which runs 3 hours and 12 minutes, secured roughly $134 million in domestic markets — tying with Warner Bros.’ (WBD) “The Batman” as the fifth-highest opener of 2022, according to Comscore data. Disney closed Monday’s trading session down 4.8% — the lowest level since March 2020. The studio… Source link
Read More »Google employees are concerned about data privacy, court documents reveal
The news: Documents revealed as part of a class-action lawsuit suggest that even Google employees don’t know the scope of data the company collects from users, but allege that the search giant does not prioritize user privacy, per MarketWatch. Tell it to the judge: The 2020 lawsuit alleges that Google’s Chrome violated its privacy policy regarding how much information users must provide to the browser. Interviews with current and former Google employees were conducted by an internal team… Source link
Read More »Mohamed El-Erian is concerned about ‘collateral damage’
Renowned economist Mohamed El-Erian believes inflation will come down by the end of the year but “will be sticky.” “I’m looking for a core CPI in the 4.5% to 5.5% range, so well above the 2% target of the Fed,” the chief economic adviser of Allianz said on Influencers with Andy Serwer (video above). The latest monthly Consumer Price Index (CPI) reading came in at 9.1%, the highest level since November 1981. The reading for July CPI will be released on Wednesday. “What I’m most… Source link
Read More »U.S. savings rate hits lowest level since 2008 — why economists aren’t concerned
With inflation surging and pandemic-related stimulus rolling off the books, U.S. savers are under pressure. In April, the U.S. personal savings rate fell to 4.4%, the lowest since September 2008, according to data from the Commerce Department published Friday. “In a typical cycle, a sharp drop in the saving rate would be a warning sign about the sustainability of spending,” Wells Fargo economists led by Tim Quinlan wrote in a note published earlier this week. “Because balance sheets are in such… Source link
Read More »‘I’m concerned about the path of this’
It’s “uncertain” whether the Federal Reserve “can land the plane very smoothly” as it tightens monetary policy to combat inflation, says Goldman Sachs (GS) CEO David Solomon. “I’m concerned about the path of this,” Solomon told Yahoo Finance’s Editor-in-chief Andy Serwer at the Milken Institute Global Conference this week. “I think we’ll find a path through. It’s hard to estimate whether we’ll have a soft landing or whether we’ll ultimately have a recession to slow down this… Source link
Read More »Global directors increasingly concerned by cyber extortion and ransomware, according to WTW and Clyde & Co
Willis Towers Watson Public Limited Company Cyber-attacks and data loss the top risks in latest Directors Liability Survey LONDON, April 21, 2022 (GLOBE NEWSWIRE) — Cyber-attacks and data loss are the top risks facing Directors & Officers, with cyber extortion and the growth of ransomware attacks a leading concern, says a global Directors Liability 2022 survey from WTW (NASDAQ: WTW) and Clyde & Co, a leading global law firm. The survey identifies the key risks for Directors across the globe… Source link
Read More »Heat concerned Markieff Morris may miss rest of season
If you asked Miami Heat forward Markieff Morris, he’d be out there playing. The team, however, has yet to clear him from the “whiplash” he suffered after being shoved by Denver Nuggets star Nikola Jokic in November. That injury, according to the Miami Herald, may end up keeping him out for the rest of season. Jokic was ejected from their Nov. 8 game in Denver after running up and shoving Morris hard from behind near mid-court. The shove came after Morris had body checked Jokic and… Source link
Read More »I’m ‘significantly concerned about inflation’
Inflation in the U.K. has hit a 10-year high in the 12 months leading up to November, while last week the Labor Department reported U.S. prices rose at their fastest rate in 39 years for that month. In a wide-ranging new interview taped before the U.K. numbers were released on Wednesday, billionaire hedge fund manager Ray Dalio raised concerns about the effects of inflation on the bond market. That market has been a volatile one in recent months, as bond prices typically fall during… Source link
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