Tag Archives: Fourth

Google’s ‘Dominance’ Succeeded Where Apartheid Couldn’t – Forcing South Africa’s Fourth Estate Onto ‘Its Knees’

Google’s ‘Dominance’ Succeeded Where Apartheid Couldn’t – Forcing South Africa’s Fourth Estate Onto ‘Its Knees’

Google logos. Photo credit: LOIC VENANCE/AFP AFP via Getty Images South Africa’s Fourth Estate “is on its knees” as Google and Meta’s dominance has captured 97% of all digital advertising in the country, creating an “extinction crisis” for the media. This is the view of Ishmet Davidson, the chief executive officer of News24, South Africa’s largest digital news publisher, which is owned by internet firm Naspers. He was testifying at the country’s Competition Commission inquiry… Source link

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Stocks bounce as Fed delivers fourth 0.75% hike

Stocks bounce as Fed delivers fourth 0.75% hike

U.S. stocks were firmly higher Wednesday afternoon following a move by the Federal Reserve to raise its benchmark policy rate by 75 basis points for a fourth straight time — on par with market expectations — while hinting at a potential slower pace of monetary tightening ahead. The S&P 500 (^GSPC) gained 0.6%, while the Dow Jones Industrial Average (^DJI) jumped 280 points, or 0.9%. The technology-heavy Nasdaq Composite (^IXIC) was up 0.3%. “In determining the pace of future increases in… Source link

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Market noise might be throwing investors off in the fourth quarter: Morning Brief

Market noise might be throwing investors off in the fourth quarter: Morning Brief

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, October 6, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. Stocks clawed back early losses Wednesday, with the Dow posting its best returns to start a quarter since 1938. Impressive, right? Traders might be tempted to think we’ve hit the low, and it’s all… Source link

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Stocks extend Fed sell-off into fourth day

Stocks extend Fed sell-off into fourth day

U.S. stocks tumbled in a turbulent session Wednesday as fears of combative Federal Reserve policy to rein in inflation continued to weigh on sentiment. [Click here to read what’s moving markets on Thursday, September 1] The S&P 500 sank 0.8%, while the Dow Jones Industrial Average tumbled 280 points, or about 0.9%. The tech-heavy Nasdaq Composite fell 0.6%. A volatile run for stocks in recent weeks has erased much of the summer’s relief rally, with the S&P 500 officially wiping out half of… Source link

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Nationals fall victim to bizarre ‘fourth out’ rule

Nationals fall victim to bizarre ‘fourth out’ rule

There are some weird quirks baked into MLB’s lengthy rulebook, and the Washington Nationals ran into a particularly unsavory morsel on Wednesday. In the fifth inning, the Nationals were in trouble. The Pittsburgh Pirates had runners on second and third with one out and the score tied 3-3. Ke’Bryan Hayes, one of three Pirates in the lineup with a batting average above .250, was facing Steve Cishek. Then the Nationals got lucky. Hayes hit a low line drive that was caught by Nationals first… Source link

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Pending home sales fall for fourth straight month

The housing market in the U.S. may finally be cooling off. Pending home sales, a leading indicator of the health of the housing market, declined for the fourth straight month. The National Association of Realtors’ (NAR) Pending Home Sales Index, which tracks the number of homes that are under contract to be sold, fell 4.1% in February from January and dropped 5.4% from the same month a year ago. The results were disappointing as analysts predicted a 1.0% increase in sales from a month… Source link

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