Tag Archives: hot

Markets have stabilized following Russia’s Feb. 24 invasion of Ukraine, as if the bombs and missiles won’t derail the global economy. But the economic war running parallel to the shooting war is getting hotter, warranting more attention than investors may be devoting. Much of the analysis of Russia’s war in Ukraine focuses on brutal land battles for terrain as invading and defending forces fight village-by-village in eastern and southern Ukraine. But just as important are multinational… Source link

Bruising levels of inflation from rent to gas to food continues to hit many American households hard, so hard it may be pushing a new group of the population into food stamps, hints new data. Google search volumes for “food stamps” are still running 100% higher than pre-pandemic levels (see chart below), according to DataTrek. Search volumes have trended higher since the start of 2022 as inflation has accelerated, notably at the gas pump. Volumes peaked in April 2020 as millions of people lost… Source link

The priciest tickets to college basketball’s most obscenely expensive game sold seven months ago during a charity auction benefiting cancer research. A close friend of Mike Krzyzewski forked over an eye-popping sum of money to secure four courtside tickets to the retiring Duke coach’s final home game on Saturday against North Carolina. Before anyone else at the V Foundation’s dinner gala could raise a numbered paddle to bid on the tickets, Michael Marks walked on stage unannounced with a… Source link

Stock futures dipped Thursday evening to add to earlier losses across the three major indexes, with jitters over a swift tightening of financial conditions increasing on the heels of a multi-decade high print on inflation. Contracts on the S&P 500 fell. The index slid by 1.8% earlier on Thursday and the Nasdaq dropped 2.1%, as technology shares came under pressure while Treasury yields spiked. The benchmark 10-year yield broke above 2% for the first time since August 2019. Stocks sold off and… Source link

BEIJING — For the first time since 2014, an Olympics Opening Ceremony won’t feature the glistening pecs of multi-sport Olympian Pita Taufatofua. The Tongan Olympian in both taekwondo and cross-country skiing, Taufatofua is remaining at home in Tonga as the nation works to recover from the effects of a devastating volcano blast last month. That means viewers hoping to catch a glimpse of Taufatofua in his trademark shirtless, skirted garb — which he sported at both Summer and Winter… Source link

Odell Beckham Jr.‘s dad was right, after all.  Beckham’s time with the Cleveland Browns lacked many big plays and ended in a messy way, after a rift with quarterback Baker Mayfield that included Beckham’s dad posting a video of how often his son was open but didn’t get the ball. The Browns cut Beckham, and the Los Angeles Rams were aggressive to get him.  It has worked out better for the Rams than they could have reasonably expected.  Beckham is back to looking like one of the game’s better… Source link

A strong year of performance for chip stocks in 2021 amid major pandemic-driven shortages isn’t causing Goldman Sachs to back off key trades in the red-hot sector.  Analyst Toshiya Hari revealed Monday in a new research note eight names in the chip space that are top picks for the investment bank: Advanced Micro Devices, Marvell, Analog Devices, Teradyne, Impinj, Micron, ON Semiconductor and Qorvo. Hari warns, however, that stock selection in chips will take on greater importance this year… Source link

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 Friday, December 31, 2021 Working from home has hidden costs As we turn the calendar from 2021, certain pandemic-era macro trends are almost guaranteed to carry over into 2022.  One of them is the housing market, which — much like the labor market, where new unemployment claims remain close to their lowest in decades — is expected to remain… Source link

The hot housing market may finally be cooling off a bit. Pending home sales, a leading indicator of the housing market’s health, missed expectations and fell in November. The National Association of Realtors’ (NAR) Pending Home Sales Index, which tracks the number of homes that are under contract to be sold, dropped 2.2% in November from October. Analysts expected a 0.8% increase in sales, according to Bloomberg consensus estimates. Pending sales slid 2.7% from the same month a year… Source link

FedEx (FDX) is getting inundated with job applications in what continues to be a hot U.S. labor market characterized by increased job switchers. “Just the last week, we had 111,000 applications for FedEx. That’s the highest in our history,” said FedEx COO Raj Subramanian on an earnings call Thursday evening. “To put that in context versus what we say in May, that was 52,000.” The flood of applications isn’t a surprise as FedEx earlier in the year lifted hourly wages for package handlers to $20… Source link