Tag Archives: cut

(Reuters) – Credit Suisse and Citigroup became the latest brokerages to bring down their 2022 year-end targets for the S&P 500 index, as U.S. equity markets bear the heat of aggressive central bank actions to tamp down inflation. Credit Suisse cut its target for the benchmark index by about 10% to 3,850 points on Monday, citing the impact of rising interest rates and slowing economic growth on third-quarter earnings. Citigroup trimmed its year-end target by a more modest 4% to 4,000. The S&P… Source link

What’s happening Facebook parent company Meta and Google… Source link

European Commission Vice President Margrethe?Vestager speaks during an interview with Reuters in Brussels, Belgium, March 28, 2022. REUTERS/Johanna?Geron/File Photo Register now for FREE unlimited access to Reuters.com Register LUXEMBOURG, Sept 14 (Reuters) – Alphabet (GOOGL.O) unit Google on Wednesday suffered its second setback in less than a year as Europe’s top court agreed with EU antitrust regulators that it had abused its dominance but trimmed the fine by 5% because of a disagreement on… Source link

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg China’s economic slowdown deepened in July due to a worsening property slump and continued coronavirus lockdowns, with an unexpected cut in interest rates unlikely to turn things around while those twin drags remain. Retail sales, industrial output and investment all slowed and missed economists estimates in July. The surveyed jobless rate for those aged… Source link

If the Baltimore Ravens want to lock up Lamar Jackson before he becomes a free agent, the team will have to act quickly. Jackson implied Saturday he will cut off negotiations with the Ravens once the regular season begins. [Set, hut, hike! Create or join a fantasy football league now!] Jackson was asked whether he had a deadline for getting an extension done. He replied, “Yeah, we coming up to it. It’s coming up. Season’s coming up. We’re going to be good for the season.” Jackson said he… Source link

Clint Eastwood, Shane Meier and Aline Lavasseur in Unforgiven. The young actors were part of a discarded ending to the film that was shot, but has never been seen. (Photo: Warner Bros./ Courtesy: Everett Collection) Clint Eastwood knows when a story’s been told. Over the course of his filmmaking career, the Hollywood icon has cultivated a famously no-frills style behind the camera, often shooting scenes in one take and excising material he deems extraneous — even if the sequence plays… Source link

Target stock could stay in the penalty box as the retailer aggressively sells slow-moving inventory and industry discounting picks up amid the economic slowdown, Jefferies analyst Stephanie Wissink warns. Wissink, citing “profit warnings from peers & suppliers and pressure on discretionary wallets,” slashed her EPS estimates on Target for the balance of 2022 and 2023 in a new note on Monday. “The cut to our model appears drastic at face value, fully discounting Target’s ability to bounce back… Source link

Undrafted free agent kicker Andrew Mevis hasn’t had a great start to his NFL career. Four days into his first training camp, Mevis was cut by the Jacksonville Jaguars after missing three field goals during the team’s Thursday warm-ups, according to ESPN’s Michael DiRocco. One of those field goals reportedly missed its mark so badly that it hit former Dallas Cowboys head coach Dave Campo in the shoulder, and the other two weren’t even close to the goalposts. Campo, 75, was an assistant coach… Source link

The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, U.S., November 17, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register BRUSSELS, July 19 (Reuters) – Alphabet (GOOGL.O) unit Google said it will from Tuesday cut fees to 12%, from 15%, for non-gaming app developers on its Google Play App Store which switch to rival payment systems, as it moves to comply with new EU tech rules. The world’s most popular internet search… Source link

BlackRock (BLK) has downgraded its outlook for stocks amid increasing economic uncertainty and persistent inflation. Strategists at BlackRock’s Investment Institute said Monday the firm cut its exposure to developed market equities, citing aggressive intervention by central banks to tame rising prices across the global economy. “Right now, we think the Fed has boxed itself in by responding to political pressures to rein in inflation,” strategists led by Jean Boivin said in a note… Source link