Tag Archives: Street

While many economists agree a recession is likely coming in 2023, Wall Street veteran and Bitcoin bull Mike Novogratz has just given one of the most dire outlooks yet. “The economy is going to collapse,” Novogratz told MarketWatch on Wednesday, adding, “We are going to go into a really fast recession, and you can see that in lots of ways.” Novogratz, chief executive of crypto merchant bank Galaxy Digital, gave the interview just before the Federal Reserve raised rates by 0.75… Source link

(Reuters) – Wall Street’s main indexes opened mixed on Friday after a brutal selloff triggered by the Federal Reserve and other major central banks raising interest rates heightened recession fears. The Dow Jones Industrial Average fell 14.37 points, or 0.05%, at the open to 29,912.70. The S&P 500 opened lower by 0.87 points, or 0.02%, at 3,665.90, while the Nasdaq Composite gained 51.45 points, or 0.48%, to 10,697.55 at the opening bell. (Reporting by Devik Jain in Bengaluru) Source link

(Bloomberg) — Analysts increasingly see a recession looming in the US following the Federal Reserve’s biggest increase in interest rates since 1994 and signs of weaker consumer spending. Most Read from Bloomberg The Fed hiked its policy rate by 75 basis points Wednesday to a range of 1.5% to 1.75%, as officials intensified their battle against inflation that’s remained stubbornly high. Wells Fargo & Co. now forecasts a “mild recession” starting in mid-2023, as inflation becomes more… Source link

* FedEx jumps after lifting quarterly dividend by more than 50% * Oracle rises as sales, profit top estimates on cloud boom * Continental Resources jumps on buyout proposal from founder (Updates to mid-afternoon, changes byline) By Chuck Mikolajczak NEW YORK, June 14 (Reuters) – The S&P 500 ended lower on Tuesday as the index was unable to bounce from a sharp sell-off in the prior session with a key policy statement from the Federal Reserve on deck that will reveal how aggressive the central… Source link

Inflation continued to surge in May, increasing at the quickest pace in 40 years as consumers face rising challenges at the gas station and grocery store. The Consumer Price Index (CPI) published Friday by the Bureau of Labor Statistics rose 8.6% from a year ago, up from April’s reading of 8.3% and higher than economists had projected. Federal Reserve policymakers tasked with bringing prices back down to earth are likely to take cues from May’s CPI report on how aggressively they need to… Source link

The stock market is suddenly looking up. Or is it? Equities whipsawed throughout the month of May as investors contemplated falling economic growth projections and less-than-stellar earnings forecasts from retailers. Despite the bearish news, ongoing volatility, and consistent predictions of an impending recession, the S&P 500 ended the month roughly unchanged after mounting a recovery over the last few weeks. The rebound has some on Wall Street arguing that it’s time to be opportunistic and… Source link

Google Maps’ Street View feature was created 15 years ago, and since then, has added more than 220 billion Street View images from over 100 countries and territories. Many of us have taken advantage of its capabilities, especially scoping out unknown locations before heading there in person. To celebrate the anniversary, the company announced upgrades today, including a feature on its iOS and Android apps that will display historical Street View imagery right on… Source link

Yet while these cameras have made it possible for Google to capture many far-flung places, they tend to be bulky, heavy, and require a bunch of computing power that has to be added on inside Street View cars. On Tuesday, Google unveiled a new Street View camera it thinks will make it a lot easier to take pictures of the world, particularly in remote spots such as small islands and mountain tops. The camera weighs 15 pounds (about a tenth the weight of the current camera plus all the… Source link

Google Maps’ Street View feature is getting a couple of upgrades to celebrate the service’s 15th anniversary, the search giant announced today. The first is a new feature coming to its iOS and Android apps that’ll display historical Street View imagery on your phone. The second is a new, more portable camera that Google hopes will make it easier for it to capture Street View imagery in the future. Since 2014, it’s been possible to use Street View to see how a place has changed… Source link

(Bloomberg) — Cisco Systems Inc. spooked investors with a warning that Chinese lockdowns and other supply disruptions would wipe out sales growth in the current quarter, renewing broader concerns about tech spending in a shaky economy. Most Read from Bloomberg The outlook sent Cisco shares down as much as 19% in late trading and weighed on stocks of other networking companies, dealing a fresh blow to an already-battered sector. Even before Cisco’s latest plunge, its stock was down 24% this… Source link