Tag Archives: months

The only thing Carvana may be delivering in the months ahead is more pain to investors. The online used car seller — a former pandemic darling that has now become one of the most hated stocks on Wall Street as it fights for its survival — is on the cusp of running out of cash, Jefferies analyst John Colantuoni warned in a note. “For perspective, our model has Carvana running out of cash in 1Q23 without an additional infusion,” Colantuoni stated. “The deterioration in liquidity was… Source link

By Rachael Levy (Reuters) – Elon Musk said on Wednesday he expects a wireless brain chip developed by his company Neuralink to begin human clinical trials in six months, after the company missed earlier timelines set by him. The company is developing brain chip interfaces that it says could enable disabled patients to move and communicate again, with Musk adding on Wednesday that it will also target restoring vision. Based in the San Francisco Bay Area and Austin, Texas, Neuralink has in recent… Source link

Google UK’s staff earned an average of more than £385,000 each in the 18 months to the end of December, as the tech company gave almost £1bn in share-based payments. Google, which like other tech firms is looking at budget and potential job cuts as global economic conditions become tougher, reported £3.4bn in turnover and £1.1bn in pre-tax profits in the 18 months to the end of December 2021. The company, which reported a year and a half of financial results after moving its accounting… Source link

Morgan Stanley expects the S&P 500 to plunge another 17%-27% within the next four months — use these 3 top recession-resistant stocks for protection If you think the stock market selloff has come to an end, Morgan Stanley has some bad news. The S&P 500 is already down 14% year to date, but the Wall Street juggernaut believes the market has yet to hit a bottom. “Our ’22/’23/’24 base case estimates are now 3%/13%/14% below consensus, respectively,” a team of Morgan Stanley analysts led by… Source link

New Orleans Saints wide receiver Michael Thomas is expected to play on Sunday against the Atlanta Falcons, according to NFL Network’s Ian Rapoport. Thomas had been listed as questionable earlier in the week due to a hamstring injury he’s been dealing with for the past several weeks. He got that hamstring injury while rehabbing his ankle, which is why he’s missed so much time. He sustained a high ankle sprain in Week 1 of the 2020 season, and while he was able to play on it after missing six… Source link

Morgan Stanley expects the S&P 500 to plunge another 15%-25% within the next four months — use these 3 top recession-resistant stocks for protection If you think the stock market selloff has come to an end, Morgan Stanley has some bad news. The S&P 500 is already down 17% year to date, but the Wall Street juggernaut believes the market has yet to hit a bottom. “Our ’22/’23/’24 base case estimates are now 3%/13%/14% below consensus, respectively,” a team of Morgan Stanley analysts led by… Source link

As President Biden’s approval rating continues to bounce back from its summertime lows, a new Yahoo News/YouGov poll now shows him leading former President Donald Trump in a 2024 rematch by the widest margin since March. The survey of 1,634 U.S. adults was conducted from Sept. 2 to Sept. 6 — immediately after a combative primetime speech last Thursday, in which Biden blasted “Trump and the MAGA Republicans” as “extremists” who “threat[en] the very foundations of our… Source link

Kim Kardashian and Pete Davidson, making their red carpet debut here in April, have split. (Photo: Reuters) Kim Kardashian and Pete Davidson have broken up, Yahoo Entertainment can confirm. A source close to the pair emphasizes the split was amicable and happened earlier this week. “They are both really busy, which played a factor in the breakup,” a second insider shares. “There is no drama.” E! News was first to report the break up. Insiders tell the outlet the former couple has “a lot of love… Source link

Housing correction is ‘dead ahead,’ warns Moody’s chief economist Mark Zandi — here’s how he sees things playing out over the next several months Existing home sales showed a 5.4% decline in June from May, but prices remain elevated, according to the National Association of Realtors. The median sale price of existing homes in the U.S. set a new record high of $416,000 in June, marking a 13.4% increase from a year ago. Yet for those continuing to watch these rising home prices, chief… Source link

ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox. The day after Russia’s February invasion of Ukraine, Senate Intelligence Committee Chairman Mark Warner sent a letter to Google warning it to be on alert for “exploitation of your platform by Russia and Russian-linked entities,” and calling on the company to audit… Source link