Tag Archives: shock

A tipped pass was only the start of the pandemonium between the Dallas Mavericks and Cleveland Cavaliers on Tuesday. The fun began with the Mavericks down 118-117 and 8.3 seconds left. Mavericks forward Maxi Kleber nearly lost the game with a mistimed pass to Luka Doncic, who still came down with the ball and drove to the basket for an attempt at a game-winner. Understandably, most Cavaliers defenders collapsed on Doncic. That left Mavericks forward P.J. Washington wide open under the basket… Source link

Max Strus caught fire against the Mavericks. (AP Photo/Sue Ogrocki) A tipped pass was only the start of the pandemonium between the Dallas Mavericks and Cleveland Cavaliers on Tuesday. The fun began with the Mavericks down 118-117 and 8.3 seconds left. Mavericks forward Maxi Kleber nearly lost the game with a mistimed pass to Luka Doncic, who still came down with the ball and drove to the basket for an attempted at a game-winner. Understandably, most of the Cavaliers defense collapsed on… Source link

Mike Vrabel’s firing met with shock, followed by opportunity for every NFL team looking for a coach Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Source link

Google CEO Sundar Pichai announced mass layoffs on Friday.Justin Sullivan/Getty Images A Google engineer said he was shocked to find out he was laid off at 3 a.m. on Friday. Chris McDonald told Insider he was locked out of work accounts 20 minutes after reading the notice. He hoped Google’s layoffs were a “wake-up call” to other tech workers who were still in their jobs. A Google engineer who was recently laid off said he was locked out of the company’s online system 20 minutes after finding out… Source link

There could be a major blow to the U.S. economy coming down the line: Freight railroads are preparing for possible strikes as a years-long labor dispute sits at an impasse ahead of a key Friday night deadline. A strike would not only add to the nation’s supply chain woes, but throw a monkey wrench into President Biden’s plan to tout the nation’s economic progress as midterm elections approach. On one side are freight companies like Union Pacific (UNP), CSX (CSX), and BNSF Railway, owned by… Source link

Households can expect to pay more to heat their homes this winter. “Natural gas futures (NG=F) prices are more than double what they were one year ago,” according to Andy Lipow of Lipow Oil Associates. The energy analyst notes home heating oil is also higher and the cost of delivering it to the home is going up as well. “The consumer is going to pay more for their heating bills this winter, whether they use natural gas or home heating oil. Most will have sticker shock,” Lipow recently… Source link

(Bloomberg) — A “recession shock” begins for markets following the worst first-half for the S&P 500 in more than 50 years, Bank of America Corp.’s Chief Investment Strategist Michael Hartnett says. Most Read from Bloomberg While expectations of aggressive rate hikes by the Federal Reserve are peaking, inflation expectations are not, and Bofa’s bull and bear indicator remains at “maximum bearish” for a third week in a row, Hartnett wrote in a note. Both stocks and bonds were rocked… Source link

(Bloomberg) — The world’s richest nation is waking up to an unpleasant and unfamiliar sensation: It’s getting poorer. Most Read from Bloomberg Americans’ collective net worth had been climbing at a dizzying rate for the past two years, even as families and businesses contended with the ravages of Covid-19. Households piled up an extra $38.5 trillion from early 2020 to the end of last year, bringing their collective net worth to a record $142 trillion, the Federal Reserve estimates. Just… Source link

(Bloomberg) — The global shift away from easy money is poised to accelerate as a pandemic bond-buying blitz by central banks swings into reverse, threatening another shock to the world’s economies and financial markets. Most Read from Bloomberg Bloomberg Economics estimates that policy makers in the Group of Seven countries will shrink their balance sheets by about $410 billion in the remainder of 2022. It’s a stark turnaround from last year, when they added $2.8 trillion — taking the… Source link

LONDON (Reuters) – The macro-economic picture is deteriorating fast and could push the U.S. economy into recession as the Federal Reserve tightens its monetary policy to tame surging inflation, BofA strategists warned in a weekly research note. “‘Inflation shock’ worsening, ‘rates shock’ just beginning, ‘recession shock’ coming”, BofA chief investment strategist Michael Hartnett wrote in a note to clients, adding that in this context, cash, volatility, commodities and crypto currencies could… Source link