Tag Archives: falls

The U.S. labor market remained red-hot in July despite expectations job growth would cool as tighter monetary conditions and company layoffs stoked fears of a recession. The Labor Department released its latest monthly jobs report at 8:30 a.m. ET on Friday. Here were the key numbers from the report, compared to economist estimates compiled by Bloomberg: Non-farm payrolls: +528,000 vs. +250,000 Unemployment rate: 3.5% vs. 3.6% Average hourly earnings, month-over-month: +0.5% vs. +0.4% Average… Source link

(Bloomberg) — AT&T Inc. fell the most in 20 years after saying some customers are starting to put off paying their phone bills, which contributed to the wireless carrier cutting its forecast for free cash flow this year by $2 billion. Most Read from Bloomberg The emerging economic strain on consumers is adding to pressure the company had already been facing from deep discounts on new phones and higher spending on network equipment. AT&T shares fell as much as 11%, their biggest slide since… Source link

Google is having a sale on Nest products at Amazon right now, with strong discounts on the Nest Doorbell (battery), Nest Security Cam (wired) and Nest Cam Outdoor or Indoor (battery). However, the standout deal is on the Nest WiFi Router (2nd generation), available in a 3-pack for just $199 (57 percent off) — the lowest price we’ve seen yet. Buy Google Nest products at Amazon The 3-pack setup will let you cover up to 6,600 square feet, enough for even large homes. We gave the Google Nest… Source link

Mito Pereira underwent perhaps the worst collapse in recent golf memory on Sunday afternoon. Yet minutes later, somehow, he was still smiling. “I guess you have so much pressure on your body, you maybe don’t even know what you’re doing,” he said with a laugh on CBS. Pereira, after entering Sunday with a three-shot lead at the PGA Championship in Tulsa, Oklahoma, fell apart in his final round at Southern Hills Country Club. Though he held onto a one-shot lead at the tee box of the par-4… Source link

The Biden economy is still doing okay, but there was a notable deterioration from April to May in the Yahoo Finance Bidenomics Report Card. President Biden’s grade on the economy dropped from A- in April to B in May, because of the tumbling stock market and a dip in wages. Yahoo Finance uses data provided by Moody’s Analytics to measure the president’s performance on the economy in six areas, compared with seven prior presidents at the same point in their term, going back to Jimmy… Source link

A broad sell-off in technology stocks has dragged Cathie Wood’s main Ark Invest fund into the gutter – and it looks like it will take a long time for the popular ETF to dig itself out. The average holding in Ark Innovation (ARKK), Ark Investment Management’s namesake flagship exchange-traded fund, is currently down over 70% from its five-year high, according to fresh data from market research firm Bespoke Investment Group. The rout in ARKK’s portfolio brings the investment vehicle 60%… Source link

The U.S. economy added back the most jobs since July 2021 in February, with job growth accelerating even in the already-tight labor market as new Omicron cases from earlier this year came down. The Labor Department released its February jobs report Friday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg: Non-farm payrolls: +678,000 vs. +423,000 expected and an upwardly revised +481,000 in January Unemployment rate: 3.8% vs. 3.9%… Source link

The first time wasn’t quite the charm for Danielle Collins.  Against all odds (Collins was 50-1 entering the tournament), the 27th-seeded American battled world No. 1 Ashleigh Barty on Saturday at the Australian Open in her first Grand Slam finals appearance, losing 6-3, 7-6 (7-2).  After dropping the first set, Collins had her chance to force a third set, building a 5-1 lead, but Barty rallied and eventually won the set — and the match — in a tiebreaker. Barty became the first Australian… Source link

Lucid shares fell as much as 14% on Thursday amid a selloff in electric vehicle stocks. The high-end EV maker is falling in sympathy with Tesla (TSLA) after the industry giant warned about supply-chain challenges.  Despite Tesla’s top and bottom line beat for its fourth quarter, investors are focused on product delays and parts constraints.  “Our own factories have been running below capacity for several quarters as supply chain became the main limiting factor, which is likely to continue… Source link

The logo for Google LLC is seen at their office in Manhattan, New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Jan 25 (Reuters) – Alphabet Inc’s (GOOGL.O) Google on Tuesday announced its second try at enabling advertisers to buy ads based on users’ browsing interests without having to rely on what it has described as privacy-invasive tracking cookies. Google wants to block tracking cookies in its Chrome web… Source link