Tag Archives: pressure

Stocks traded mixed on Monday, with technology stocks under more pressure as investors weighed the risks that higher inflation during the pandemic recovery might weigh on high-growth names.  The Dow added more than 150 points, or 0.5%, to reach a new all-time high shortly after the opening bell. The Nasdaq dipped, reversing some of Friday’s gains. The S&P 500 was little changed. Treasury yields were roughly unchanged across the long end of the curve, with the benchmark 10-year yield hovering… Source link

Progressive activists are calling on Ford, Target, Google, Bank of America and other major companies that have pledged to support voting rights to cut ties with the US Chamber of Commerce, CNN Business has learned. At issue is the Chamber of Commerce’s fierce opposition to the Democrats’ sweeping voting bill known as the For the People Act, which advocates say would counter efforts by Georgia and other states to impose new voting restrictions. The Chamber of Commerce has Source link

TipRanks Goldman Sachs Says These 3 Stocks Are Ready to Rip Higher Current market conditions are pushing investors into stocks – and the result is record-high valuations. The S&P 500 has hit a new all-time high, and the NASDAQ, which peaked in February, remains within 3% of its record level and is headed back up. While this is obviously good for investors’ portfolios, there is some concern that we may be looking at a stock bubble. Weighing in from Goldman Sachs, however, strategist Petter… Source link

TipRanks 3 Big Dividend Stocks Yielding at Least 8%; Analysts Say ‘Buy’ We’ll talk about dividend stocks, but we’ll get there through tax policy. The connection is simple: Government spending is going up, as exemplified by the $1.9 trillion COVID stimulus bill passed this month. Stimulative cash infusions into the economy are likely to boost consumer spending, and there are worries that the Biden Administration has no plans to pay for its increased spending. Several tax proposals made… Source link

AccuWeather Governor ‘utterly impressed’ by family’s spirit in wake of tornado Nearly a week after a round of severe weather collapsed homes, tore apart neighborhoods and claimed the lives of at least six people, a dozen tornado paths were confirmed Monday across Alabama, Georgia and Mississippi — and survey crews upgraded the intensity of some of the most destructive twisters that touched down. The National Weather Service has totaled one EF4, four EF3, three EF2, three EF1 and one EF0… Source link

MMA Weekly Francis Ngannou wants to fight Jon Jones, despite Dana White’s doubts After knocking out Stipe Miocic in the second round to win the UFC heavyweight championship at UFC 260, Francis Ngannou spoke to the media at the post-fight press conference about what could be next for his career. Earlier in the evening at the press conference, UFC president Dana White said he was 100-percent willing to make a title fight between Ngannou and Jon Jones. But White also expressed doubt that Jones… Source link

Alphabet Inc.’s GOOG, +1.26% Google is reducing the commission it charges developers that sell digital goods and services through its Play store, a move that comes amid increased regulatory scrutiny of the power tech giants wield through their app marketplaces. The company behind the world’s largest operating system, Android, said Tuesday that it would reduce service fee it collects from 30% to 15% on the first $1 million developers earn from its app… Source link

After pressure from progressive groups, the head of student loans at the Education Department (ED) resigned from his position on Friday. Mark Brown, who was the chief operating officer at ED’s office of Federal Student Aid, oversaw a trillion-dollar student loan portfolio — making it equivalent to the nation’s fifth-largest bank. He was appointed by former Education Secretary Betsy DeVos, after the resignation of his predecessor, A. Wayne Johnson. Robin Minor, currently the deputy COO for… Source link

MyPillow CEO Mike Lindell told Yahoo Finance on Tuesday that several retailers, including Bed Bath & Beyond (BBBY), told him they were dropping his products because of his ties to President Donald Trump. But Bed Bath & Beyond says it has a non-political reason for ditching MyPillow products — they just aren’t selling enough. “As previously announced, we have been rationalizing our assortment to discontinue a number of underperforming items and brands. This includes the MyPillow product… Source link

(Bloomberg) — When OPEC and its allies met last month, Saudi Arabia’s energy minister dared oil speculators to test his determination to stabilize global markets. Now that a resurgent pandemic is threatening demand once again, the moment of reckoning is getting closer. The coalition of crude producers gathers on Monday to assess the state of the market. No supply decisions are expected until Dec. 1 but leading members Saudi Arabia and Russia are already stepping up diplomacy. President… Source link