Tag Archives: set

Facebook Owner Meta Set for $195 Billion Wipeout, Biggest in Market History

(Bloomberg) — Meta Platforms Inc.’s one-day crash may rank as the worst in stock-market history. Most Read from Bloomberg The Facebook parent plunged 24% in U.S. trading Thursday on the back of poor earnings results, putting it on track to erase more than $200 billion. At current levels, that’s the biggest collapse in market value for any U.S. company. But there’s no certainty the losses will hold, especially given the recent volatility that’s whipped across technology shares. Markets… Source link

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Jim Harbaugh did what he set out to do at Michigan

On the National Signing Days of 2016 and 2017, Michigan football coach Jim Harbaugh presided over an event he’d created — “Signing with the Stars.” It was part unveiling of the high school recruits who would play for the Wolverines — prospects such as Rashan Gary, Devin Bush and Donovan Peoples-Jones. Mostly, though, it was a celebration of Michigan football and the carnival barking of Harbaugh hopefully gaining the attention of future recruits. He was newly arrived in Ann Arbor and… Source link

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Google Set to Cap Blockbuster Year With Sales Gains

Google parent Alphabet Inc. GOOG 1.81% is expected to report another quarter of strong sales growth, capping a year when profits nearly doubled despite mounting regulatory pressure that threatens the search giant’s future. The company’s dominance in online search, video and internet ad sales made it one of last year’s leading beneficiaries of an upswing in digital advertising. Last year, small and large businesses alike flooded into… Source link

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US STOCKS-Nasdaq plunges over 4%, S&P 500 set to confirm correction

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * S&P 500 falls over 10% from its record closing high on Jan 3 * Kohl’s surges as Sycamore, Acacia show takeover interest * Information Technology top S&P 500 sectoral loser * Indexes drop: Dow 3.15%, S&P 3.9%, Nasdaq 4.8% (Adds comment, details; updates prices) By Devik Jain and Bansari Mayur Kamdar Jan 24 (Reuters) – U.S. stock indexes plunged on Monday, with the S&P 500 on course to… Source link

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ESPN is set to hire Pete Thamel from Yahoo in a college football insider role

It’s been noticeable for years (particularly since Brett McMurphy was laid off in the massive April 2017 cuts) that ESPN-affiliated reporters have not been breaking most of the news in college football. As AA’s Ben Koo explored in early December 2021, that’s a sharp contrast to sports like the NFL and NBA where ESPN employs an insider they can credit on the Bottom Line ticker for most signings or moves (Adam Schefter and Adrian Wojnarowski, respectively). But that’s about to at… Source link

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Why Wall Street set new records on the same day COVID cases did: Morning Brief

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, December 30, 2021 What COVID-19 ‘on our terms’ means for the market, and everyone else Another day, another shattered record of COVID-19 infections in the United States — and yet another set of new milestones in the Dow (^DJI) and S&P 500 (^GSPC), as Santa Claus continues to bestow gifts on Wall Street. One of the aforementioned records… Source link

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These COVID relief provisions are set to expire before Jan. 1

It’s not just the expanded Child Tax Credit. The end of the extra $1,600 for parents (or $1,000 depending on the child’s age) is just one of a series of COVID relief provisions set to expire this week. The expanded Child Tax Credit was implemented for one year as part of President Joe Biden’s American Rescue Plan, though many Democrats want to make it permanent. They plan to revisit the issue in the new year as part of the Build Back Better act, stalled after key moderate Sen. Joe Manchin… Source link

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Elizabeth Holmes jury fails to reach verdict, set to reconvene Tuesday

After four full days of deliberations in the fraud case against Elizabeth Holmes, no verdict was reached by the time jurors were excused on Thursday afternoon. Deliberations in the case, which includes more than 900 exhibits and testimony from 32 witnesses, including Holmes herself, resumed Monday following a three-day weekend due to a court holiday Friday. Deliberations are scheduled to resume at the federal courthouse in San Jose on Tuesday, starting at 8:30 a.m. Pacific Time. Holmes, 37,… Source link

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White House says it will set up a website to distribute 500 million free COVID tests

President Biden said today that Americans will soon be able to order free COVID tests from a government-run website, which is not yet available. “We’ll have websites where you can get them delivered to your home,” he said of the 500 million at-home tests the government is purchasing to combat the Omicron surge. Details on this website are murky, however. White House press secretary Jen Psaki said today that “We will have more information as it is available including what the… Source link

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Google Voice now lets you set custom rules for phone calls

Google Voice now lets you create rules that dictate how the service responds to incoming calls from specific contacts. And yes, this includes having Google Voice automatically ignore certain contacts for you. Even though Google Voice already has a call forwarding feature, the new rules let you customize it even further — you can set up a rule that forwards calls from a contact (or a group of contacts) to any of your linked numbers. … Source link

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