Tag Archives: Remain

Fade the post-earnings rally in shares of struggling electronics retailer Best Buy, Citi says. “Near-term Best Buy’s same-store sales are still some of the worst in retail with holiday volume a significant unknown,” Citi analyst Steven Zaccone wrote in a note to clients following the company’s earnings report on Tuesday morning. Best Buy stock popped 12% as the company’s earnings actually beat most Wall Street estimates. The company also managed to work its inventory down by 14% year over… Source link

Morgan Stanley: Prices for Rolex, Patek Philippe and Audemars Piguet watches will keep plunging due to a flood of supply — but these 3 real assets remain scarce and coveted The second-hand market for luxury timepieces had a huge bull run over the past few years. But according to a recent report by Morgan Stanley using data from WatchCharts — which tracks real-time watch market sales — prices of the most sought-after watches from top luxury brands have dropped significantly. The most… Source link

The dream of flying cars zipping around in the air has suffered a major reality check. Last week, the secretive air-taxi start-up Kittyhawk, run by Google veteran Sebastian Thrun, announced on Twitter that it was going to “wind down.” It was one of a handful of companies working to bring a “Jetsons” like reality to the world, where electric-powered cars, planes and helicopters become commonplace and offer clean-burning modes of transportation to a world of clogged and polluted… Source link

Mortgage rates jumped more than a quarter point this week and remain at the highest level in 14 years, offering no relief to sidelined homebuyers. The average rate on the 30-year fixed mortgage increased to 6.29% from 6.02% last week, according to Freddie Mac, marking the highest point since the last week of October 2008. Rates are more than 3 percentage points higher than at the start of the year. Rapidly rising rates this year have only made what was an unaffordable housing market for many… Source link

Google is likely to be sued buy the U.S. Department of Justice in September on the grounds that its advertising network is a monopoly. What that means for marketers isn’t yet clear, but there are steps they can take to prepare for disruptions. The DoJ news comes as Google again postponed deprecation of the third-party tracking cookie, this time until the second half of 2024. While Apple blocked third-party cookies several years ago, Google has postponed the process for the Chrome browser… Source link

Cameron Young may not be going anywhere. The likely PGA Tour Rookie of the Year was linked to the upstart LIV Golf tour by The Times UK on Wednesday, but a person close to the situation who spoke on condition of anonymity due to the sensitivity of the issue said the 25-year-old isn’t likely to join the Saudi-backed league. Young has seven top-three finishes this season and was runner-up to Cameron Smith at St. Andrew’s last month in the 150th Open Championship. Smith is reportedly set to… Source link

Indonesia has lifted its ban on Steam and Yahoo now that both companies complied with the country’s restrictive laws that regulate online activity (via @ZhugeEX). The Indonesian Ministry of Communication and Information (Kominfo) announced the news in a translated update on Twitter, noting that Counter-Strike: Global Offensive and Dota 2 are back online as well. Last week, Indonesia blocked access to Steam, PayPal, Yahoo, Epic Games, and Origin after the companies failed to meet a… Source link

There might not be regular-season baseball games during the All-Star break, but fantasy managers can never rest. The All-Star break gives us an opportunity to perform a deep evaluation of our teams before the trade deadline. Will that breakout star really keep it up or should they be traded for a struggling ace poised to turn things around? Those decisions could make or break your fantasy season. The 2022 MLB season has provided plenty of surprising developments. Sandy Alcantara has a… Source link

Amid reports of “an impasse” between the Brooklyn Nets and Kyrie Irving, the seven-time NBA All-Star will exercise the $36.9 million option on his contract for the 2022-23 season, according to The Athletic’s Shams Charania. Irving can now sign an extension with the Nets or if the two sides cannot agree on the long-term deal Irving was seeking, he can become an unrestricted free agent next summer. The Nets could still trade him this season. Irving, an otherworldly talent and enigmatic… Source link

Bruising levels of inflation from rent to gas to food continues to hit many American households hard, so hard it may be pushing a new group of the population into food stamps, hints new data. Google search volumes for “food stamps” are still running 100% higher than pre-pandemic levels (see chart below), according to DataTrek. Search volumes have trended higher since the start of 2022 as inflation has accelerated, notably at the gas pump. Volumes peaked in April 2020 as millions of people lost… Source link