Tag Archives: risk

(Bloomberg) — The conventional wisdom with stock bulls is that prices will take off when the Federal Reserve wins its fight against inflation. But the end of surging consumer costs could unleash another round of bad news. Most Read from Bloomberg A small chorus of researchers has for months warned of a potential hazard to earnings should the campaign to tamp down inflation succeed. Specifically, the squeeze on margins that could occur should an indicator known as corporate operating leverage… Source link

Florida’s insurance market was depleted long before Hurricane Ian made landfall, with six insurers deemed insolvent this year alone. The aftermath of the most powerful storm to hit Southern Florida is expected to exacerbate the slow-moving crisis further, leaving millions of residents in the state without insurance coverage. “Terms like 100-year events and 1,000-year events really aren’t capturing what’s happening,” Craig Fugate, former FEMA director under President Obama, told Yahoo… Source link

Google has advised its users to immediately install a security update in its Chrome browser to safeguard themselves against a serious bug being actively exploited by hackers. The tech giant said it is aware of reports that an exploit for ‘CVE-2022-3075’ exists in the wild, mentioning the vulnerability as “Insufficient data validation in Mojo” reported by an… Source link

Twitter (TWTR) whistleblower Peiter Zatko, the company’s former security chief, recently charged that the company misled regulators and is operating with security vulnerabilities. If true, the safety of Twitter users’ accounts could be in jeopardy, according to cyber threat expert Tony Anscombe (video above). “If the allegations are true, yes, there’s probably an increased risk,” said Anscombe, who’s Chief Cyber Threat Officer at Slovakia-based cybersecurity software provider ESET. This month,… Source link

The risk of a recession “is getting higher and higher,” says veteran economist Mohamed El-Erian. “My definition of a recession is a holistic definition. It goes well beyond two quarters of negative GDP,” said the chief economic advisor of Allianz and former CEO of PIMCO. “The labor market is too strong. Consumer spending is too strong. Business balance sheets are too strong. We simply are not in a recession. Is the risk of recession high? Yes, it is high and getting higher,”… Source link

The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, U.S., November 17, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register JAKARTA, July 21 (Reuters) – Indonesia said on Thursday Alphabet Inc’s (GOOGL.O) Google has signed up to its new licensing rules for technology platforms, but warned that companies that had yet to register would be blocked in five working days. Semuel Abrijani Pangerapan of the communications ministry… Source link

TopGolf is to driving ranges what Pizza Planet was to pizza shops, except non-fictional. The sport of golf saw tremendous growth during the height of the pandemic drove sportspeople towards socially-distanced outdoor activities. Now, during an inflationary reality for consumers, TopGolf looks to weather a cost-conscious visitor — while replicating its driving range formula at new geographic locations. “We’re really looking everywhere globally,” TopGolf CEO Artie Starrs told Yahoo Finance… Source link

(Bloomberg) — Citigroup Inc. strategists cut their recommendation on US stocks to neutral on the risk of a recession, joining an increasing number of banks in warning of a growth slowdown. Most Read from Bloomberg The market is showing “elements of a deflating bubble” with high uncertainty and the lack of reassurance from the Federal Reserve, strategists including Dirk Willer wrote in a May 27 note. “Given that it will likely take time for the Fed to react to equity and growth weakness,… Source link

As the market’s downward slide continues following a hawkish Federal Reserve statement Tuesday afternoon, economists have downgraded their forecasts for the economy in 2023. “While we don’t necessarily have a recession in our forecasts, we do see the risk of a recession increasing,” said Beth Ann Bovino, Chief U.S. Economist for S&P Global Ratings. “We now have it at about 30%; we see the risk go much larger in 2023 when those cumulative rate hikes from the Fed to attack inflation… Source link

(Bloomberg) — Equity investors’ anxiety about a potential recession isn’t showing up in other parts of the market, which is giving JPMorgan Chase & Co. strategist Marko Kolanovic confidence in his pro-risk stance. Most Read from Bloomberg US and European stock markets are pricing in a 70% chance that the economy will slide into recession in the near-term, according to estimates by JPMorgan’s top-ranked strategist. That compares with a 50% chance priced into the investment-grade debt… Source link