Tag Archives: higher

The risk of a recession “is getting higher and higher,” says veteran economist Mohamed El-Erian. “My definition of a recession is a holistic definition. It goes well beyond two quarters of negative GDP,” said the chief economic advisor of Allianz and former CEO of PIMCO. “The labor market is too strong. Consumer spending is too strong. Business balance sheets are too strong. We simply are not in a recession. Is the risk of recession high? Yes, it is high and getting higher,”… Source link

As the nation swelters through a summer filled with record-high temperatures, the Biden administration is unveiling a new set of actions intended to help Americans cope with the heat and the soaring electricity costs that accompany it. On Tuesday, the federal government launched Heat.gov, a website that promotes planning and preparedness for the extreme heat waves made more frequent because of climate change. The website is the public portal for the National Integrated Heat Health Information… Source link

Technology stocks led markets higher for a third straight session Thursday as investors mulled a slew of mixed earnings and a surprise rate hike from the European Central Bank. The tech-heavy Nasdaq Composite gained 1.3%, while the benchmark S&P 500 index rose 1%. The Dow Jones Industrial Average added 160 points, or 0.5%. Shares of Amazon (AMZN) pushed higher for a seventh straight day, placing the e-commerce giant on pace for its longest winning streak since June 2020. The stock climbed 13%… Source link

U.S. stocks rallied Friday to cap a four-day losing streak on Wall Street. Sentiment was buoyed by better-than-expected retail sales data and a surprise earnings beat from Citigroup (C). The S&P 500 surged 1.9%, while the Dow Jones Industrial Average added 657 points, or roughly 2.2%. The tech-heavy Nasdaq climbed 1.8%. Blowout second-quarter results from Citi lifted shares of banking industry peers to post the best intraday rally for the sector since May, according to Bloomberg data. The mega… Source link

U.S. stocks pushed higher Wednesday afternoon to close out a choppy day in the green, though the risk of a recession remained top of mind for many investors. The S&P 500 rose for a third straight session, closing higher by 0.4% to end at 3,845.08. The Dow Jones Industrial Average gained 70 points, or 0.2%, to end at 31,037.68, and the Nasdaq Composite gained 0.4% to reach 11,361.85. The moves came after minutes from the Federal Reserve reaffirmed the central bank remained focused on tightening… Source link

You’re searching for a lunch spot in an unfamiliar neighborhood, or you need a mechanic to assist with an unexpected flat tire. Where do you look? If you answered Google Maps, you’re not alone. These days, many of us are turning to Google Maps to discover local businesses and make more informed buying decisions. So how can local businesses rank higher in the place consumers are increasingly looking to purchase local products and services? Here are ten steps to take in order to rank well,… Source link

Why Offering Access to Google and Microsoft Services Matters Colleges and universities, whether they’re serving tens of thousands of students or just a few hundred, can no longer afford to operate as one-platform institutions. It needs to be a split existence. Early in my career, I worked at the University of Texas Health Services, where we had a huge contract with Microsoft. However, we discovered we needed a collaborative solution for our team. That’s where Google came in, and its… Source link

(Bloomberg) — Oracle Corp. reported results and gave a forecast suggesting the effort to move its customers to the cloud is gaining momentum, and the acquisition of health care records provider Cerner Corp. will help accelerate the growth of the business. Most Read from Bloomberg Investors reacted positively, sending shares up more than 13% in pre-market trading Tuesday after a day in which the overall market plunged and Oracle’s stock hit a 16-month low. “Couple a high growth rate in our… Source link

U.S. stocks extended losses early Thursday as bond yields charged forward. The moves followed data on the labor market that disappointed before the open and confirmation from the European Central Bank of its intention to raise interest rates next month. The S&P 500, Dow Jones Industrial Average, and Nasdaq each fell roughly 0.5% at the start of trading. Weekly filings for unemployment insurance totaled 229,000 last week, the most since January, and a sign of potential stress building in the… Source link

U.S. stocks charged forward in the final hour of a turbulent session Tuesday as investors shook off a profit warning from Target that renewed concerns about the economic outlook and weighed on broader markets in earlier trading. The S&P 500 rose 0.8%, and the Dow Jones Industrial Average gained 200 points, or 0.6%. The tech-heavy Nasdaq advanced roughly 0.9%. The indexes climbed after struggling for direction for much of the trading day. Meanwhile, the 10-year U.S. Treasury benchmark… Source link