Tag Archives: Finance

Mary Daly, president of the Federal Reserve Bank of San Francisco, spoke with Yahoo Finance to discuss the weaker-than-expected April 2021 jobs report and where Fed policy is headed next. Below is a transcript of her appearance on May 10, 2021. – BRIAN CHEUNG: President Daly, I wanted to kick off this conversation with just that jobs report covering the month of April that everyone was watching. It feels like it really missed expectations across the board. From your perspective, what were your… Source link

TipRanks 3 Monster Growth Stocks That Are Still Undervalued A lackluster jobs report didn’t derail the markets last week. New jobs in April totaled only 266,000, far below the 978K expected, and the official unemployment rate, which had been predicted to come in at 5.8% actually ticked up slightly to 6.1%. Even so, the tech-weighted NASDAQ gained 0.88% in Friday’s session, the broader S&P 500 was up 0.75% at the end of the day. These gains brought the S&P to a new record level, with a… Source link

Bloomberg China Tech Giants Bet $19 Billion on Global Electric Car Frenzy (Bloomberg) — China is shaping up to be the first real test of Big Tech’s ambitions in the world of carmaking, with giants from Huawei Technologies Co. to Baidu Inc. plowing almost $19 billion into electric and self-driving vehicle ventures widely seen as the future of transport.While Apple Inc. has long had plans for its own car and Alphabet Inc. has Waymo, its autonomous driving unit, the size — and speed — of the… Source link

TipRanks 3 Monster Growth Stocks That Are Still Undervalued A lackluster jobs report didn’t derail the markets last week. New jobs in April totaled only 266,000, far below the 978K expected, and the official unemployment rate, which had been predicted to come in at 5.8% actually ticked up slightly to 6.1%. Even so, the tech-weighted NASDAQ gained 0.88% in Friday’s session, the broader S&P 500 was up 0.75% at the end of the day. These gains brought the S&P to a new record level, with a… Source link

The Daily Beast The Fight to Clear a Montana Woman Who Killed Her Abusive Ex Courtesy Rachel BellesenJust before 8 p.m. on Oct. 8, 2020, a 911 dispatcher in Sanders County, Montana, received a strange phone call. The woman on the other end said she was calling from a gas station in Hot Springs—a tiny, rural town located on the Flathead Indian Reservation. Her voice was shaky, her delivery broken. She could not give her exact address. But one thing came through loud and clear: “I need the… Source link

With corporate cash balances looking flush again as businesses recover from the depths of the COVID-19 pandemic, Goldman Sachs (GS) strategist David Kostin thinks a stock buyback “bonanza” is on the horizon.  Kostin estimates a 35% increase in share buybacks this year and a 5% pop in 2022. Share buybacks from U.S. companies through April have tallied $484 billion, more than double the pace at this same point last year. It marks the quickest pace of U.S. buyback announcements to kick off a… Source link

The New York Times A Psychedelic Drug Passes a Big Test for PTSD Treatment In an important step toward medical approval, MDMA, the illegal drug popularly known as ecstasy or molly, was shown to bring relief to those suffering from severe post-traumatic stress disorder when paired with talk therapy. Of the 90 people who took part in the new study, which is expected to be published later this month in Nature Medicine, those who received MDMA during therapy experienced a significantly greater… Source link

Billionaire investor Warren Buffett said Saturday that near-zero interest rates have completely changed the financial landscape, warning that the consequences of easy money policies remain an unanswered question. As the COVID-19 pandemic gripped the United States last year, the U.S. central bank slashed interest rates to near zero and began aggressively absorbing assets to prevent another financial crisis. Among the Federal Reserve’s purchases: government debt. Those actions allowed the Source link

Axios Scoop: GOP leaders threaten Cheney ouster Top Republicans are turning on Rep. Liz Cheney, the party’s highest-ranking woman in Congress, with one conservative leader suggesting she could be ousted from her GOP post within a month.Why it matters: The comments by Reps. Steve Scalise, the minority whip, and Jim Banks, chairman of the Republican Study Committee, carry weight because of their close relationship with House Minority Leader Kevin McCarthy (R-Calif.) — who is openly feuding… Source link

Bloomberg China Reins In Tech Giants’ Finance Arms After Hobbling Ant (Bloomberg) — Chinese regulators imposed wide-ranging restrictions on the fast-growing financial divisions of 13 companies including Tencent Holdings Ltd. and ByteDance Ltd., leveling many of the same curbs employed against Jack Ma’s Ant Group Co. in a crackdown on the tech sector.Units of JD.com Inc., Meituan and Didi Chuxing were also among firms summoned to a meeting with several watchdogs including the central bank,… Source link