Stock futures opened near the flat line Monday evening after a meandering session during the regular trading day. Contracts on the S&P 500 ticked up. Earlier, the index ended just a tick below the flatline and was less than half a percent below its all-time high. The Dow also ended lower, while the Nasdaq pushed into positive territory. Investors this week have been digesting signals from officials over the path forward for monetary and fiscal policies, and what these might suggest for… Source link
Read More »Bitcoin weekly outflows hit record high -CoinShares data
By Gertrude Chavez-Dreyfuss NEW YORK, June 7 (Reuters) – Bitcoin funds and products posted record outflows last week as investors continued to cast a cautious eye on the world’s largest cryptocurrency, which has seen its upward momentum stall in the last few months, according to digital currency manager CoinShares data released on Monday. Bitcoin outflows hit $141 million in the week ending June 4, representing 8.3% of the net inflows seen this year. For the year so far, bitcoin… Source link
Read More »Stocks mixed amid lingering inflation concerns, S&P 500 hovers near record high
Stocks struggled for direction Monday morning as investors weighed the prospects of higher inflation and rates in the U.S. against Friday’s solid print on the U.S. labor market recovery. The Dow turned slightly lower, while the Nasdaq pushed into positive territory. The S&P 500 was little changed, and the index hovered just below its record high. On Sunday, U.S. Treasury Secretary Janet Yellen suggested higher interest rates “would actually be a plus for society’s point of view and the… Source link
Read More »Global Food Prices Surge to Near Decade High, UN Says
(Bloomberg) — Global food prices extended their rally to the highest in almost a decade, heightening concerns over bulging grocery bills as economies struggle to exit the Covid-19 crisis. A United Nations gauge of world food costs climbed for a 12th straight month in May, its longest stretch in a decade. The continued advance risks accelerating broader inflation, complicating central banks efforts to provide more stimulus. Drought in key Brazilian growing regions is crippling crops from corn… Source link
Read More »Stocks rise as S&P 500 nears record high
TipRanks 3 ‘Strong Buy’ Stocks with 100% Upside Potential Every stock investor wants a strong return; that’s axiomatic, it’s why people get into the stock market to begin with. But the markets are inherently risky, and finding the sweet spot – the right combination of risk and reward – seems as much an art as a science. You can use science, however, to minimize the risk. We’re talking about statistical science, the study of numbers, their patterns, and the relationships between… Source link
Read More »Google Photos finally stops pretending its compressed photos are ‘high quality’
Are you planning to stick with Google Photos when its free unlimited storage disappears on June 1st? If you’re anything like me, you’re probably still struggling to figure out whether you can afford to procrastinate that decision a little bit longer — and today, Google has made that reckoning a little bit easier. First off, the company’s finally telling it like it is: Google will no longer pretend its compressed, lower-quality photos and videos are “High quality,” something… Source link
Read More »How to convert your ‘original quality’ images in Google Photos to ‘high quality’ and save space
The countdown has started for Google Photos new storage policy. Come June 1, users will no longer get unlimited free storage in Google Photos. Google currently allows users to upload and backup images in two versions — ‘high quality’ and ‘original quality’. While the former are compressed images to save space, the latter are stored in the same resolution as users clicked them in. Presently, Google offers users unlimited storage for these ‘high-quality’ photos, while the… Source link
Read More »Colorado high school senior wins ‘Doodle for Google’ contest
The Rock Canyon High senior’s art now goes on to a nationwide competition where the winner will see their drawing grace the Google homepage for a whole day. COLORADO, USA — Google announced its 54 state and territory winners for their Doodle for Google competition on Friday, including a Colorado senior who attends Rock Canyon High School in Highlands Ranch. After being picked from over 1,000… Source link
Read More »Stocks trade mixed with tech stocks under pressure, Dow sets record high
Stocks traded mixed on Monday, with technology stocks under more pressure as investors weighed the risks that higher inflation during the pandemic recovery might weigh on high-growth names. The Dow added more than 150 points, or 0.5%, to reach a new all-time high shortly after the opening bell. The Nasdaq dipped, reversing some of Friday’s gains. The S&P 500 was little changed. Treasury yields were roughly unchanged across the long end of the curve, with the benchmark 10-year yield hovering… Source link
Read More »Amazon shares hit record high after blowout earnings results
Amazon (AMZN) shares reached a record intraday high after reporting first-quarter results and guidance that blew past expectations. Shares of the e-commerce giant jumped as much as 2.4% to reach as high as 3,553.39 Friday morning in New York. The stock lost steam in afternoon trading, however, and ultimately ended lower by 0.1% to 3,467.42, or short of a record closing high. The surge came after the company posted yet another quarter of ballooning sales and earnings, easily exceeding… Source link
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