Tag Archives: reopening

Investors curious about the next move in the broader market would be wise to pay extra attention to shares of multinational tech giant Apple (AAPL). “One of the reasons that has been helping sentiment, particularly in industrial stocks and things like that, is the idea that China is going to be reopening,” Interactive Brokers chief strategist Steve Sosnick said on Yahoo Finance Live (video above). “If there is another wave of lockdowns in China, that really upends that story. It upends global… Source link

Investors should be closely watching for buying opportunities in reopening stocks in the travel and ride-sharing sectors that have been hit hard this past week amid Omicron variant fears, according to EvercoreISI tech analyst Mark Mahaney. “We have processes in place as societies, cultures manage this [the pandemic. If you have a sell-off on the ride-sharing stocks, the travel stocks that is probably a buying opportunity. I find it hard to believe we will have a repeat of the stocks we had… Source link

Google has backtracked on plans to welcome most workers back to its sprawling campus in September, becoming the latest Silicon Valley company to delay reopening amid a surge in Covid cases. The company announced Wednesday it is postponing a return to the office until mid-October and rolling out a policy that will eventually require everyone who returns in person to be vaccinated. The decision sees Google join Apple and Netflix in postponing calling employees back to the office due to concerns… Source link

According to the CDC, “the United States is once again seeing a rise in COVID-19 cases, hospitalizations, and deaths.” CDC data shows that as of July 22, 35% of counties across the country are experiencing “high levels” of transmission. “COVID-19 cases are on the rise in nearly 90% of U.S. jurisdictions, and we are seeing outbreaks in parts of the country that have low vaccination coverage,” the CDC noted. National Institutes of Health head Dr. Anthony Fauci expressed frustration… Source link

Stock futures opened higher Thursday evening as investors awaited new economic data on consumer spending, income and inflation out Friday morning and considered stronger-than-expected data reports out earlier this week. Contracts on the S&P 500 advanced after the blue-chip index closed out a back-to-back session of gains on Thursday. Contracts on the Dow added more than 100 points, while contracts on the Nasdaq also increased in late trading.  Shares of Dow-component Salesforce (CRM) gained… Source link

Google’s results, showing a surge in ad sales related to travel and retail, offered a glimpse of online spending in a post-pandemic world: Businesses are boosting digital marketing to capture a public eager to resume something resembling normal life again. Google parent Alphabet Inc. said first-quarter revenue, excluding payments to distribution partners, came in at $45.6 billion, pummeling Wall Street estimates. The company also unveiled a big new share buyback, sending the stock up as… Source link

TipRanks 3 Monster Growth Stocks With More Room to Run For investors looking for a hint as to policy-makers’ view of the economy, the Federal Reserve has come through. The central bank released the minutes of its most recent policy meeting – at which it decided not to raise interest rates or scale back on its easy-money polices – and the inside look at the Fed committee’s deliberations shows that the decision was broad-based. The Fed is in no hurry to move to a tighter money policy,… Source link

Google workers who want to return their offices in Kirkland and Seattle can do so starting April 20, the company has announced. But the choice to go is voluntary until September, when a modified return to the office is planned. Until then, employees are free to continue working remotely. Rendering shows what Google’s Kirkland Urban campus will look like upon completion. Rendering courtesy of Google. Some buildings at Google’s Kirkland Urban and South Lake Union campuses will be among the… Source link

Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. Stephen Lam | Reuters Google, one of the first major U.S. companies to send employees home last year because of the coronavirus, is setting new remote work guidelines as it speeds up plans to get staffers back to the office. As millions more Americans get vaccinated by the day, Google is accelerating reopening plans in some parts of the U.S. on a volunteer basis… Source link

The Daily Beast Republican Retirements Are the Price Mitch McConnell Is Paying for Selling Out His Party to Donald Trump Drew Angerer/GettyIt was already a hard year for Mitch McConnell, having a public late-life crisis after being returned to minority status, and seeing his wife, the former transportation secretary, scrutinized for using their official positions to help a shipping company her family owns. Then Roy Blunt went and became the fifth GOP senator to retire.Blunt cited his 23 years… Source link