Tag Archives: RIP

Microsoft (MSFT) announced on Wednesday that it is cutting 10,000 jobs as the tech giant contends with slowing PC and cloud sales. But according to at least one analyst, the layoffs are a proactive move as Microsoft and its Big Tech counterparts are forced to reckon with the unsustainable growth they saw during the pandemic. “It was a rip-the-Band-Aid-off moment from Nadella and Microsoft, and we’re seeing it across tech,” Wedbush analyst Dan Ives told Yahoo Finance Live. “These… Source link

Microsoft (MSFT) announced on Wednesday that it is cutting 10,000 jobs as the tech giant contends with slowing PC and cloud sales. But according to at least one analyst, the layoffs are a proactive move as Microsoft and its Big Tech counterparts are forced to reckon with the unsustainable growth they saw during the pandemic. “It was a rip-the-Band-Aid-off moment from Nadella and Microsoft, and we’re seeing it across tech,” Wedbush analyst Dan Ives told Yahoo Finance Live. “These… Source link

The general read from Wall Street in the wake of Target’s surprise warning on Tuesday is that things can’t get much worse from here. “While this news is painful to digest, we are hopeful that this is a rip the bandaid off type event that will allow the company to operate more efficiently in the second half and beyond,” RBC Capital Markets analyst Steven Shemesh wrote in a new note to clients. “We expect investors to tread with caution near-term, but believe this decision ultimately makes the… Source link

When the Brooklyn Nets announced that Ben Simmons wouldn’t play in Game 4 as he’d planned, there was a lot to say. His return had been hyped for weeks, and after he woke up with back soreness Sunday, it all amounted to nothing. He wouldn’t be in the game to help the Nets try to come back from a 3-0 series deficit. He wouldn’t be making his Nets debut until likely October, eight months after he was traded. Social media was brimming with people ready to torch Simmons. One of the most notable… Source link

Alibaba (BABA)’s ADRs could rip higher after a massive relief rally spurred by an ease of regulatory risks, which one equity manager called “a sea change.” “I think you’re going to see China stocks rip for the next 8 or 12 months into the China National Congress [elections],” Thomas Hayes, chairman of Great Hill Capital, told Yahoo Finance. “When you look at some of them in particular, we’re focused on Alibaba, I think the returns are going to be spectacular.’ On Wednesday, e-commerce giant… Source link

There’s one word to describe what happened with the mostly surprising results of Week 9 in the NFL: Brutal. After rolling of late with our game picks and predictions against the spread, Vegas put up a few traps and it was hard to avoid falling into all of them. At first glance, the numbers for Week 10 seem a little more normal and manageable, but there are several more essential “pick ’em” matchups on the slate with slight favorites on one side. There are 14 more chances to get things… Source link

It’s time to go all in on shares of MGM Resorts (MGM), contends Credit Suisse analyst Benjamin Chaikin.  The analyst hiked his rating on the casino operator to out-perform from neutral on Tuesday, citing the market overlooking several key upside catalysts.  “MGM has gone through a transformation, recently announcing four transactions, and we believe the market is not giving full credit. Pro forma, we see three drivers of upside: (1) a cleaner more simplified organization with a more… Source link

Google is killing its older Android TV remote. The move follows the company’s launch of its long-awaited Google TV remote app last week. The company confirmed to The Verge that the Android TV remote app will take a bow after the Google TV remote app — which can be used for other Android TV OS devices as well — is widely available. Android Police earlier reported the remote news. “We’re making the experience of using your phone as a virtual remote control faster to access and… Source link

Longer-dated U.S. government bond yields jumped after the Federal Reserve signaled that it would likely start pulling back on its monetary stimulus in November. Since the Fed’s announcement on Wednesday afternoon, the yield on the U.S. 10-year (^TNX) climbed 10 basis points to as high as 1.41%, a figure not seen since July. The yield on the U.S. 30-year (^TYX) similarly rose as much as 10 basis points, to 1.92%. Polaris Wealth Advisory Group Managing Partner Jeff Powell said that he expects… Source link

Year-to-date, the market trends are highly positive. The S&P 500 is up ~18%, while the tech-heavy NASDAQ, has put up a 14.5% year-to-date gain. There are potential headwinds – inflation is a worry, as is the possibility of further COVID-related restriction policies. But for now, the economy is mostly open, consumers are starting to spend, and investors seem optimistic. As J.P. Morgan’s chief US strategist Dubravko Lakos-Bujas recently put it, the economic gains are “not an event but… Source link