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 Wednesday, August 18, 2021 Homebuilder confidence hits a 13-month low in July The housing market has been in a frenzied state for over a year now, but the cracks in this market have been evident for some time. And on Wednesday, we got another sign that the COVID-related boom in this market is starting to wane. Homebuilder confidence as measured… Source link
Read More »Delta variant will likely create a ‘sloppy’ stock market this summer: strategist
A likely summer of concerning COVID-19 Delta variant headlines sets the stage for an ugly stock market in the near-term, said Keith Lerner, Truist Advisory Services’ chief markets strategist. “Our view is we’re seeing another corrective period within a bull market trend,” Lerner said in a note to clients after Monday’s brutal start to trading. “While the Delta variant complicates the near-term picture, and is likely to lead to a continuation of sloppy trading through the seasonally-weak… Source link
Read More »Bitcoin and other cryptos lose steam as summer lull sets in
The bitcoin price was once again yo-yoing on Wednesday morning. Photo: Edward Smith/Getty Images The bitcoin (BTC-USD) price shot back above $40,000 (£28,346) following sessions of losses, but is treading water as fund managers say the cryptocurrency is in a bubble despite the price crash. According to a Bank of America survey, 81% of fund managers say bitcoin is still a bubble. The flagship crypto fell around 37% last month and its price is down 38% from its $64,829 mid-April peak. The… Source link
Read More »Google Spotlights Forthcoming ‘6 New Features On Android This Summer’ For Safety And Accessibility
Google highlighted several new Android features coming soon that have relevance to accessibility. Google Images Google on Tuesday published a blog post in which the company detailed six features coming to Android this summer that focus on safety. They include an earthquake alert system and richer Android Auto customization. The goal with these updates is to ensure users are “protected at every turn,” writes Android product manager Fiona Lee. Of the six features, two are… Source link
Read More »The economy will probably overheat this summer: top strategist
With the U.S. labor market likely to bounce back strongly this summer from a surprisingly tepid April showing, the risks of an overheating economy remain on the rise. “I do think there is a very good chance it [economy] will overheat,” said Jefferies Chief Financial Economist Aneta Markowska on Yahoo Finance Live. “I expect us to reach a roughly 3% unemployment rate by the end of next year.” As Yahoo Finance’s Brian Cheung explains in the latest edition of Yahoo U, there is no official… Source link
Read More »Google to Open Its First Permanent Retail Store This Summer in New York City
Google will open its first-ever permanent retail store in New York City in coming weeks, a bet that a physical retail presence can help showcase and sell its products as the pandemic eases. The store, to be located in Manhattan’s Chelsea neighborhood, will open this summer and sell items such as Google’s Pixel phones, Nest smart thermostats and Fitbit wearable devices, the company said Thursday in a blog post. The store will also host workshops on using Google products… Source link
Read More »World’s First Google Store To Open In New York This Summer
Google in the Big Apple: The first Google store will open in Chelsea this summer, says the company. Google Technology giant Google GOOG has announced its first ever physical retail store will open this summer in the Chelsea area of New York City. The new Google Store GOOG in Chelsea will, said Google, be a “space where customers can experience our hardware and services in a helpful way.” At the Google Store, customers will be able to browse and buy a wide… Source link
Read More »Google to open first physical store in New York this summer
The logo of Google is seen at the high profile startups and high tech leaders gathering, Viva Tech,in Paris, France May 16, 2019. REUTERS/Charles Platiau/File Photo/File Photo Alphabet Inc’s (GOOGL.O) Google said on Thursday it would open its first physical store in New York City this summer, mirroring a retail approach that has helped Apple Inc (AAPL.O) rake in billions of dollars in the last two decades. The Google store will be located in the city’s Chelsea neighborhood near the its New… Source link
Read More »Google’s first retail store to open this summer in New York
Google Store in Chelsea Google Google announced Thursday its first-ever retail store, where it will sell Pixel phones, Fitbit wearables, Pixelbooks, Nest thermostats and speakers, and more. The first-ever Google store is in New York’s Chelsea neighborhood, located in the building that houses Google’s NYC offices and is close to an Apple Store. The store is expected to open this summer. Google has toyed with retail in the past, sometimes with little pop-up shops where people can browse new… Source link
Read More »Stock market will likely be boring this summer: veteran trader
Wall Street economists on Tuesday were surprised by disappointing housing data, as U.S. housing starts fell 9.5% in April, compared to an expected 2% decline — the latest in a string of economic reports that have missed expectations both to the upside and the downside by wide margins. Meanwhile, the Federal Reserve is unlikely to signal any change in monetary policy over the summer, which could make trading stocks a bit boring, says one veteran trader. Summer tends to be less liquid and a Source link
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