Tag Archives: Shows

Wall Street is growing more cautious on the outlook for corporate profits amid persistent inflation and rising interest rates, and Mr. Market may be starting to take notice. Down goes profits. Fourth quarter earnings estimates for the S&P 500 have tanked 4.9% since Sept. 30, according to new research from Credit Suisse strategist Jonathan Golub. Energy profits remain strong. The downward revisions have been most acute in the tech space as the sector deals with slowing growth, which has led to… Source link

San Francisco Fed President Mary Daly told Yahoo Finance that she expects the Fed to stay the course when it comes to expectations for interest rate hikes after the latest core inflation reading — i.e., consumer prices excluding volatile food and energy prices— came in at a 40-year high. “It does show the data not cooperating,” Daly said on Yahoo Finance Live when asked about the consumer price index report for September. “It was a very disappointing report, but I would offer it… Source link

LeGarrette Blount apologized after video showed the former NFL running back throwing punches during a skirmish among adults at a youth football game. TMZ published video of the incident on Monday showing tensions surface during a postgame handshake line at a 12-and-under football game in Gilbert, Arizona. Two groups of adults were seen arguing after the game before the incident escalated into pushing and shoving. Blount, who was reportedly a coach at the game, lunged at and threw punches at a… Source link

Google is increasingly looking like a giant that has a hard time innovating. Driving the news: Google’s decision to shut down Stadia, its three-year-old cloud-based gaming service, marks the company’s latest failure to turn a technical breakthrough into a growing business. Why it matters: Google faces a long-term fight with the rest of Big Tech’s giants — Amazon, Apple, Microsoft and Meta — for talent and revenue. The big picture: From its earliest days Google built a culture that embraced… Source link

Georgia picked up where it left off at the end of the 2021 college football season on Saturday. Yeah, the Bulldogs had 15 players taken in the NFL draft and five in the first round after beating Alabama for the national title in January. But it was clear in Georgia’s 49-3 win over Oregon that there are plenty of capable replacements on the roster and that the offense could be even better in 2022. Jalen Carter commanded double teams on the defensive line and looks poised to make headlines… Source link

Bitcoin prices have been trading close to $20,000 at a time when search interest is relatively low. … [+] (Photo by Nicolas Economou/NurPhoto via Getty Images) NurPhoto via Getty Images Bitcoin prices dropped under $20,000 yesterday, reaching a roughly six-week low, and they have failed to recover since then. The digital currency briefly dipped below this key, psychological level early on August 27, according to TradingView data. Later that day, the cryptocurrency… Source link

The entire semiconductor industry seemed to be holding its breath as Nancy Pelosi’s plane made its final approach to Taipei this week. Some in the sector now appear to be exhaling. The dramatic slate of responses from China to the House Speaker’s visit has notably sidestepped the chip issue — signaling that both the U.S. and China hope to keep Taiwan’s valuable semiconductor factories humming no matter what else happens in the coming weeks and months. “I think both the U.S. and China are… Source link

Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. There’s a lot of fintech news out there… Source link

(Bloomberg) — The S&P 500 Index may have another 24% to fall by year-end, if the past 150 years of financial-market history are any guide. Most Read from Bloomberg That’s according to Societe Generale, which calculates the benchmark gauge may need to tumble as much as 40% from its January peak in the next six months to hit bottom. That comes out to 2,900. The upper end of the range the firm gave is for the index to slump by roughly 34% from its top, to 3,150. Societe Generale arrived at this… Source link

A new dataset from Google shows the features on the surface of the Earth in near real time, the company announced Thursday. The tool, called Dynamic World, uses deep learning and satellite imagery to develop a high-resolution land cover map that shows which bits of land have features like trees, crops, or water. Land cover maps usually take a long time to produce, and there are big gaps between the time images are taken and when the data is published. They also often don’t have a… Source link