Tag Archives: months

Oil prices have come down way too fast on Omicron variant concerns, says Goldman Sachs oil strategist Damien Courvalin. In fact, the price correction is borderline comical, per Courvalin’s calculations.  “The lack of discretionary buying activity in the face of an uncertain new COVID variant has therefore left prices in free-fall and pricing in a dire demand outlook. We estimate based on our pricing model, that the market has now priced in a mammoth c.7 mb/d [millions of barrels per day]… Source link

Federal Reserve Chairman Jerome Powell said Tuesday that the central bank could end its asset purchase program a few months sooner than currently planned, signaling confidence in the economic recovery despite jitters over the Omicron variant of the coronavirus. “We now look at an economy that is very strong and inflationary pressures that are very high and that means it’s appropriate for us to discuss at our next meeting — which is in a couple weeks — whether it would be appropriate to… Source link

If the coronavirus pandemic has shown public health professionals anything, it’s that no one can predict what’s to come next. “You learn really quickly that none of us are soothsayers,” Dr. James Simmons, a Los Angeles-based hospitalist nurse practitioner, said on Yahoo Finance Live (video above). “You don’t want to be a future teller. Who knows what the future is going to happen? I really point to the Delta variant as a big example of how a lot of places thought we were done with… Source link

A smartphone with a Google app icon is seen in front of the displayed Australian flag in this illustration, January 22, 2021. REUTERS/Dado Ruvic/Illustration SYDNEY, Nov 16 (Reuters) – Google will spend A$1 billion ($736 million) in Australia over five years, the tech giant said on Tuesday, just months after it threatened to pull its services from the country in response to tougher government regulation. The main operating unit of Alphabet Inc (GOOGL.O) said it planned to expand cloud… Source link

The situation in which employers find it hard to hire and the supply chain crisis forces businesses to hike prices is likely to persist for at least 6 to 12 months, one bank chief said. “The realities of things like… wage pressures… supply chain pressures… all these things are going to continue to contribute to this wage inflation that we’re seeing,” Wells Fargo CEO and President Charles Scharf told Yahoo Finance’s Andy Serwer at the annual Milken Institute Global Conference.  Noting… Source link

Tilray CEO Irwin Simon expects marijuana legalization in the U.S. to happen within the next two years. Citing the recent legislative push to end the federal prohibition of marijuana, “I see over the next 18-to-24 months that cannabis in some format will have legalization,” Simon told Yahoo Finance Live (video above), later adding: “Trust me: When legalization does happen, we will be ready… to be a part of it.” The Canadian cannabis company — listed on both the Nasdaq (TLRY) and the… Source link

* Apple, Microsoft and Google set to report results * GE rises on strong cash flow position * Chinese stocks extend declines * Indexes down: Dow 0.63%, S&P 1.00%, Nasdaq 2.07% (Updates comment, prices) By Ambar Warrick July 27 (Reuters) – U.S. stock indexes retreated from record highs on Tuesday, with the Nasdaq tumbling as much as 2.1% as caution kicked in ahead of earnings reports from some of the most valuable technology companies on Wall Street. Apple, Microsoft, Amazon and Google-parent… Source link

Google app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic//File Photo BRUSSELS, July 26 (Reuters) – Alphabet unit Google (GOOGL.O) has two months to improve the way it presents internet search results for flights and hotels and explain how it ranks these or face possible sanctions, the European Commission and EU consumer authorities said on Monday. The world’s most popular internet search engine has long faced scrutiny from antitrust enforcers and… Source link

Google has started selling a new bundle that gives you some premium entertainment to go along with the company’s Chromecast streaming gadget. For $64.99, you’ll get both the Chromecast with Google TV and three months of HBO Max. The device usually retails for $49.99, and HBO Max’s ad-free tier costs $14.99 per month, so you’re basically getting two months of the service for free. As usual with this sort of thing, the deal is only available for new subscribers of HBO Max; existing… Source link

Federal Reserve Chairman Jerome Powell on Wednesday downplayed the recent string of high readings of inflation, telling Congress that price pressures will still likely abate. On Tuesday, figures from the Bureau of Labor Statistics showed the Consumer Price Index increasing by 5.4% on a year-over-year basis in June, the fastest pace since August 2008. A read on producers also showed prices accelerating to the largest annual increase in over a decade, testing the Fed on its commitment to only… Source link