Tag Archives: Major

Why the recent market decline was likely just a shakeout before a major rally

The recent market decline has many people wondering if this is the start of a bigger correction, or just a shakeout before a fourth quarter rally. I’m leaning towards the latter for the following reasons: seasonality, the Fed, technicals, and sentiment. Seasonality is a short-term negative, but a positive into year-end. From approximately mid-September until mid-October, factors such as index rebalancing and end-of-the-quarter portfolio adjustments can lead to seasonal weakness. These… Source link

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A major stock market decline still lurks: strategist

The market is fighting hard to shrug off a carousel of concerns ranging from an expiring debt ceiling to potential contagion from a bust of overly-indebted China real estate development Evergrande.  But any rally off the recent lows may prove short-lived, contends Binky Chadha, Deutsche Bank chief markets strategist. The veteran strategist reiterated his call for a deep stock market correction on Thursday.  “I would say this [week’s] sell-off was very much a garden variety pullback rather… Source link

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Update Chrome Now As Hackers Attack 2 Major Vulnerabilities In Google Browser

Google Chrome is under attack, the tech giant warns, as it patches 11 security issues in its … [+] browser. (Photo by Jaap Arriens/NurPhoto via Getty Images) NurPhoto via Getty Images Google has revealed that two weaknesses in Chrome are under active attack, as users have been urged to update their browser to avoid becoming a victim. They were reported to Google via an anonymous party and were given a severity rating of “high.” Little more information was… Source link

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Google, Apple and Amazon back major leap in smart home technology

Starting next year, consumers will be able to buy smart home devices — like thermostats, lighting systems and kitchen appliances — that can talk to one another through a new connectivity standard called Matter. Why it matters: Interoperability of home devices has long been a distant dream, but big boys like Amazon, Google and Apple have coalesced around Matter, hoping it will become a common brand name governing the Internet of Things (IoT). How it works: Sometime in 2022, companies… Source link

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3 major companies just fired a warning shot at stock market bulls

Despite investment banks such as Morgan Stanley and Credit Suisse recently cutting their U.S. equity outlooks, one would be hard-pressed to not find bulls continuing to outnumber bears on Wall Street.  Chat up any strategist on the Street and most are apt to play down the impact of the Delta variant on the U.S. economy, while playing up the potential for companies to expand profit margins further. The bulls — and again they continue to rule the roost —are also quick to point out strong… Source link

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Google Pay team reportedly in major upheaval after botched app revamp

Google Pay is apparently just as much a disaster internally as the app transition has been externally. That’s the big takeaway from a recent Business Insider article detailing an exodus of executives from Google’s payment division, lower-than-expected app adoption, and employees frustrated with the slow movement of the division. Business Insider spoke with ex-employees and learned that “dozens of employees and executives have left” the… Source link

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Axsome Therapeutics Provides Update on the New Drug Application for AXS-05 for the Treatment of Major Depressive Disorder

NEW YORK, Aug. 23, 2021 (GLOBE NEWSWIRE) — Axsome Therapeutics, Inc. (NASDAQ: AXSM), a biopharmaceutical company developing novel therapies for the management of central nervous system (CNS) disorders, today announced that the U.S. Food and Drug Administration (FDA) informed the Company in a teleconference on August 20, 2021, that its review of the new drug application (NDA) for AXS-05 for the treatment of major depressive disorder would not be completed by the Prescription Drug User Fee… Source link

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