Tag Archives: spree

Amazon (AMZN) has telegraphed to investors and the world that deals are key to its future, but those transactions create antitrust risks — and investors are taking notice, Jefferies analyst Brent Thill told Yahoo Finance Live (video above). Amazon has made headlines for its big-ticket dealmaking in recent months. The company acquired both subscription health care provider OneMedical (ONEM) and Roomba-maker iRobot in quick succession, for $3.9 billion and $1.7 billion respectively. However,… Source link

Chinese President Xi Jinping.Kevin Frayer/Getty Images Reuters reported that China told state-owned banks to get ready to sell dollars and buy yuan in an effort to prop up the local currency. The move could stem the yuan’s fall, as it remains on track for its largest annual loss against the dollar since 1994. A hawkish Fed has pushed the dollar to 20-year highs this year, pressuring currencies around the world. The People’s Bank of China has told major state-run banks to prepare to shed dollar… Source link

SAN FRANCISCO — A backdoor pass is intercepted. A crosscourt pass is picked off. A simple dribble handoff is fumbled, and a lob is robbed. These are the giveaways that have become routine for the Boston Celtics, and one of the central stumbling blocks causing them to be on the brink of giving away this NBA Finals after being up 2-1. Game 5 on Monday was no different — as they lost to the Golden State Warriors 104-94 to fall down 3-2 — and it involved the usual suspects. Boston coughed up… Source link

Over the past year or so, Google has been buying up several audio hardware startups, according to a recent report from Protocol. The fact that Google’s estimated to have spent tens of millions on startups and patent portfolios of companies working on audio hardware, 3D audio, noise cancellation, and Bluetooth tech could hint that it’s planning on expanding its lineup of audio products. In many cases, it’s reportedly brought on employees from the companies as well. Google is no… Source link

Inflation reached a three-decade high in October as some workers saw their wages rise, particularly younger workers. According to the Atlanta Fed’s Wage Growth Tracker, a measure of the nominal wage growth of individuals, workers in the 16-to-24 age range are seeing median wage growth accelerate much quicker than the rest of American workers, as seen below in the green line. As of September 2021, the overall 12-month moving average of median wage growth increased by 3.6%. Those in the 25-to-54… Source link

(Bloomberg) — As Wall Street speculated on the identity of the mysterious seller behind the massive $10.5 billion in block trades executed on Friday by Goldman Sachs Group Inc., investors also pondered just how unprecedented the selloff was — and whether there’s more to come. The sales lit up trader chat rooms from New York to Hong Kong and were part of an extraordinary spree that erased $35 billion from the values of bellwether stocks ranging from Chinese technology giants to U.S. media… Source link

TipRanks J.P. Morgan Says These 2 Stocks Could Surge at Least 30% From Current Levels In a volatile market environment, with stocks getting buffeted about by a variety of conflicting forces, investors are looking to the expert commentators for some guidance. Covering the macro situation from banking giant JPMorgan, quant strategist Marko Kolanovic believes that we’re in for continued gains in stocks. Kolanovic doesn’t dismiss the recent dips in the S&P 500 and the NASDAQ; rather, he sees… Source link

The New England Patriots just experienced their first losing season since 2000, and have no interest in doing that again. Just hours into free agency, the Patriots have spent $194.5 million to get back to their winning ways. The hits kept coming nonstop Monday, as the team quickly reached deals with tight end Jonnu Smith and nose tackle Davon Godchaux a few minutes after free agency opened. Hours later, the team made two more big additions, signing Matthew Judon and Jalen Mills. Patriots board… Source link