Tag Archives: Outlook

BlackRock (BLK) has downgraded its outlook for stocks amid increasing economic uncertainty and persistent inflation. Strategists at BlackRock’s Investment Institute said Monday the firm cut its exposure to developed market equities, citing aggressive intervention by central banks to tame rising prices across the global economy. “Right now, we think the Fed has boxed itself in by responding to political pressures to rein in inflation,” strategists led by Jean Boivin said in a note… Source link

A perilous time for the British economy Prime Minister Boris Johnson’s political position continued to be on the rocks this morning as several lower-ranking ministers’ resignations followed two shattering defections last night. The moves raise questions about how long he can cling to power and what a change in leadership would look like for the British economy. The resignations were connected to a series of scandals that cast doubt on Johnson’s honesty. The two top ministers who stepped… Source link

(Bloomberg) — Snap Inc. plunged 43%, posting its biggest-ever one-day drop and dragging down social media peers, after the company cut its revenue and profit forecasts, blaming the weaker economic outlook for a sudden slowdown of its advertising business. Most Read from Bloomberg “We continue to face rising inflation and interest rates, supply chain shortages and labor disruptions, platform policy changes, the impact of the war in Ukraine, and more,” Chief Executive Officer Evan Spiegel… Source link

In the Yahoo Fantasy Football Forecast, analysts Andy Behrens and Matt Harmon examine the refreshed Raiders offense including what to expect from Davante Adams and Josh Jacobs. Video Transcript ANDY BEHRENS: The next one for me is the Las Vegas Raiders. And we have to start by reminding people that last year was just an absolute [BLEEP] storm for the Raiders, right? MATT HARMON: Seriously, yeah. ANDY BEHRENS: Like, all the things went wrong. It’s wild they made the postseason. And then they gave… Source link

Rivian (RIVN) shares are popping today, a small respite for the electric adventure vehicle maker’s investors, following the release of its first quarter financial results. Although the company reported a revenue miss for the quarter ($95 million vs $131.2 million expected), it did post a narrower EPS loss than the Street was expecting on an adjusted basis ($1.43 loss vs 1.45 loss expected). While Rivian reaffirmed its production forecast of 25,000 vehicles for the year, reported over 90,000… Source link

OnMail, the new email service launched by Edison in 2021, is releasing several updates to help users improve their email experience on iOS, Android, and the web. One key feature is a new account import for all users of OnMail. Previously only available for premium accounts, Account Import is now available for all users. Yahoo!, Gmail, Outlook, iCloud, IMAP, and AOL accounts can be added to OnMail so you can experience the unique features of the app all in one place across all your… Source link

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg The fastest inflation in decades and the resulting rush by central banks to raise interest rates are stoking recession fears in financial markets — worries that are being compounded by the impact of aggressive coronavirus lockdowns in China and the war in Ukraine. In the last week alone, the the U.S. and U.K. logged inflation accelerating the most since the… Source link

Billionaire investor and financial markets historian Ray Dalio is sending a dire warning on the outlook for inflation. “Oh, I’m like an eight, an eight to 10 or something like that,” the Bridgewater Associates Founder and Co-chief investment officer said in an interview for Yahoo Finance Presents when asked how concerned he was about inflation on a scale of 1 to 10. Dalio is dead right to have that high level of angst on all things inflation. The Consumer Price Index (CPI) rose by 7.9% in… Source link

(Bloomberg) — Block Inc., the digital-payments firm run by Jack Dorsey, surged as much as 30% in late trading after it reported fourth-quarter revenue that topped projections and gave an unexpectedly positive outlook for 2022. Most Read from Bloomberg Fourth-quarter revenue was $4.08 billion, slightly topping the $4.01 billion average estimated by analysts. Block, formerly known as Square, also said its Cash App’s gross profit will be stronger in the second half of the year because of… Source link

(Bloomberg) — Block Inc., the digital-payments firm run by Jack Dorsey, surged as much as 30% in late trading after it reported fourth-quarter revenue that topped projections and gave an unexpectedly positive outlook for 2022. Most Read from Bloomberg Fourth-quarter revenue was $4.08 billion, slightly topping the $4.01 billion average estimated by analysts. Block, formerly known as Square, also said its Cash App’s gross profit will be stronger in the second half of the year because of… Source link