The S&P 500 (^GSPC) is forming a bottom, says one technical analysis expert. “It’s always precarious at the end of a bear market, a market that’s trying to transition from bearish to bullish, as it were. And our call and our charts continue to suggest that that’s exactly what’s going on here, that the S&P is forming a bottom,” Rich Ross, Evercore ISI senior managing director of technical analysis, told Yahoo Finance Live. S&P 500 had a massive 4% down day earlier in the week. The S&P… Source link
Read More »S&P 500 Believers See Light Forming in the Market
(Bloomberg) — Have stocks stopped being expensive? Among bulls, hope is coalescing around valuation metrics that could support that view, though with so many caveats they require a big dose of courage to heed. Most Read from Bloomberg After falling 15% this year, the S&P 500 is trading around 4,000. According to analysts tracked by Bloomberg, its members will earn a combined $248 a share next year. Divide price by earnings, and the result is a forward multiple of 16 — roughly in line with… Source link
Read More »Opinion | We’re Google Workers, and We Are Forming a Union
Most recently, Timnit Gebru, a leading artificial intelligence researcher and one of the few Black women in her field, said she was fired over her work to fight bias. Her offense? Conducting research that was critical of large-scale AI models and being critical of existing diversity and inclusion efforts. In response, thousands of our colleagues organized, demanding an explanation. Both of us have heard from colleagues — some new, some with over a decade at the company — who have decided… Source link
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