J.D. Vance has become the latest candidate to gain Donald Trump’s coveted endorsement in a Republican primary this year. Vance, who has been trailing in the crowded Ohio Senate race, joins well over 130 candidates Trump is betting on as a test of his continued influence in GOP politics. The author had previously been critical of the former president, but Trump concluded Vance “gets it now” in his endorsement announcement. The former venture capitalist is now possibly the candidate with… Source link
Read More »Treasuries Slump Ignites Global Selloff as Rate Hikes Gain Focus
(Bloomberg) — U.S. Treasury yields’ advance to a three-year high kicked off a global jump in borrowing costs as traders refocused on intensifying bets on rate hikes from major central banks. Most Read from Bloomberg Ten-year U.S. yields climbed through 2.75% for the first time since March 2019 as investors priced in the impact of the Federal Reserve’s tightening plan and accelerating inflation. Traders are betting on nine quarter-point Fed rate hikes by year-end, which — including last… Source link
Read More »Stocks Gain With U.S. Futures as Bond Rout Deepens: Markets Wrap
(Bloomberg) — Stocks in Europe climbed along with U.S. equity futures on Monday as negotiators from Russia and Ukraine prepare for a new round of talks. A global bond rout deepened, with the five-year Treasury yield cresting 2% for the first time since 2019. Most Read from Bloomberg The Stoxx Europe 600 index jumped more than 1%, with carmakers leading the advance following a “confident” outlook from Volkswagen AG. Basic-resources and energy stocks fell as crude oil declined along with… Source link
Read More »January CPI posts 7.5% annual gain
U.S. inflation accelerated in January, with prices across a wide range of goods and services soaring further amid lingering shortages and supply chain disruptions. The Consumer Price Index (CPI) released by the Bureau of Labor Statistics Thursday morning registered a 7.5% annual gain in January. Consensus economists were looking for a 7.3% rise, according to Bloomberg data. This represented the fastest rise since 1982, as well as an acceleration from the 7.0% year-over-year increase seen in… Source link
Read More »Google ads gain fuels profit for parent company Alphabet
Check out what’s clicking on FoxBusiness.com. A continued rebound in digital ad spending at Google drove its parent company’s profit up 68% in the third quarter. Mountain View, California-based Alphabet Inc. said Tuesday that it earned $18.94 billion, or $27.99 per share, in the July-September period. Revenue rose 41% to $65.12 billion. GET FOX BUSINESS ON THE GO BY CLICKING HERE Analysts polled by FactSet expected earnings of $23.73 per share on revenue of $63.53 billion. Shares… Source link
Read More »Stocks Climb as Japan, China Gain; Treasuries Dip: Markets Wrap
(Bloomberg) — Most Asian stocks rose Tuesday as Japan extended a rally and traders took heart from indications that the global recovery is weathering challenges from the delta virus variant. Japan’s Nikkei 225 hit 30,000 for the first time since April as an index reshuffle added to optimism that a new prime minister will usher in favorable policies. China climbed, aided by a continuing rebound in technology stocks and better than expected trade data. S&P 500 and Nasdaq 100 futures edged up… Source link
Read More »Alphabet Surges With 65% Gain in Longest Rally Since 2009
(Bloomberg) — Alphabet Inc. shares are poised for the longest string of monthly advances in over a decade as advertising revenue surges, driving them to the best returns among the nation’s megacap technology companies. The shares rose 0.4% Monday to $2,891.81, an all-time high, pushing them to a gain of more than 7% in August. It will be the eighth straight monthly advance for the stock, the longest such rally since a 10-month streak in 2009. The gains have left Google shares with a return… Source link
Read More »Google or Gmail storage full? How to delete the junk and gain space
I lost count of how many emails I got when Google announced a change to its storage policies, doing away with unlimited storage for photos and videos. Still, trying to figure out a better long-term photo management solution? I can help. Tap or click to see all the free storage you can get. If you have an Amazon Prime account, you’re in luck. Or maybe you only rely on Google’s services for search and email. Tap or click for 10 buried settings and features in your inbox. My favorite is Undo… Source link
Read More »Stock futures gain as traders eye virus risks
Contracts on the S&P 500 ticked up. Earlier, both the blue-chip index and the Dow sank, dragged down by energy stocks amid concerns over reinstated travel restrictions in China due to rising coronavirus infections. U.S. West Texas intermediate crude oil futures fell on Monday to add to last week’s losses, bringing prices to the lowest level in three weeks. Shares of AMC Entertainment (AMC) gained in late trading after the movie theater operator topped second-quarter revenue estimates, with… Source link
Read More »Stock futures gain ahead of inflation data
Stock futures opened slightly higher Wednesday evening as traders looked ahead to a key print on consumer price changes, which will help elucidate the path forward for monetary policymakers during the recovery coming out of the pandemic. Contracts on the S&P 500 rose slightly. During the regular session, the index came within 1 point of its recent all-time high, but ultimately failed to set a new record. Dow and Nasdaq futures were also higher in the after-hours session. Shares of GameStop… Source link
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