Interactive Brokers founder and billionaire Thomas Peterffy has spotted one likely unintended consequence of the Federal Reserve embarking on raising interest rates. “There is a lot of leverage in the system as the Fed begins to raise rates. We will be looking at bankruptcies maybe among many of the private equity firms that are invested in on the high leverage, and in several businesses that basically will not be able to pay the interest,” Petterffy told Yahoo Finance. Despite that very real… Source link
Read More »Yandex Head Quits After Surprise EU Sanctions
The head of Russia’s top technology firm Yandex quit late Tuesday after being slapped with EU sanctions in response to Moscow’s invasion of Ukraine. Brussels hit Yandex executive director and deputy CEO Tigran Khudaverdyan with an asset freeze and travel ban earlier in the day, citing the firm’s role in “hiding information” from the Russian public through the manipulation of search results on its platform. Yandex — often dubbed “Russia’s Google” — is the… Source link
Read More »Google marks 2/22/22 with ‘Twosday’ surprise
This week will be filled with palindrome dates, but Tuesday is a particularly special one: 2/22/22. Fittingly, Google is celebrating the occasion with a surprise for those who look for the date in its numerical form. Type in 2/22/22 into Google’s search bar and your computer screen will be showered with a graphic of confetti and a bunch of twos, followed by a message that reads “Happy Twosday 2You!” A palindrome is a word, phrase or numerical sequence that can be… Source link
Read More »Google ‘Betty White’: Get a surprise when you type the beloved actress’ name
by: Darcie Loreno, Nexstar Media Wire Posted: Jan 17, 2022 / 03:24 PM MST / Updated: Jan 17, 2022 / 03:24 PM MST (WJW) – Google is honoring Betty White on what would have been her 100th birthday Monday with a surprise for those who search her name. The search results in a shower of rose petals and a message stating: “Thank you for being a friend,” along with her birth year and the year in which she died. Source link
Read More »Google Is Intentionally Making Its Products Worse for Users. The Reason Might Surprise You
Last week, the International Trade Commission (ITC) ruled that Google infringed on five patents held by Sonos, related to creating and controlling speaker groups. The ITC entered an order that would have restricted the importation and sale of a variety of the company’s Nest smart speakers. Sonos, as one might expect, declared it a total victory because its patents were affirmed as valid, and the ITC agreed that Google had stolen its technology for use in its own products. The company was… Source link
Read More »Here’s why the stock market may surprise everyone and ‘melt-up’
Amidst the expanding number of Wall Street bears right now, there is Chris Harvey, Wells Fargo Securities head of equity strategy. The nearly 30-year markets veteran is staying bullish on his outlook for stocks despite the naysayers looking for market plunges into year-end. Harvey is calling for the S&P 500 to end the year at 4,825, or up 8% from current levels. For Harvey, there continues to be several key drivers of higher stock prices still in play. “Our 4,825 call is what we call an… Source link
Read More »There’s a high bar for an August jobs report surprise: Morning Brief
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 Friday, September 3, 2021 The August jobs report matters like every other jobs report. In just a few hours, the Labor Department will release the August jobs report, and expectations are that hiring slowed down last month. Consensus estimates call for non-farm payroll growth of 725,000 during the month, with the unemployment rate expected to… Source link
Read More »The IRS is paying out 4M surprise tax refunds this week — will you get one?
The IRS is paying out 4M surprise tax refunds this week — will you get one? Millions of Americans still reeling financially from the COVID crisis will be sent surprise tax refunds this week, the IRS says. Unexpected direct deposits and paper checks are scheduled to go out to people whose tax bills were reduced after they’d already paid them, thanks to a provision in President Joe Biden’s massive pandemic rescue bill from March. A windfall from the IRS might be just the cash infusion you need… Source link
Read More »Big names, surprise leaders define Round 3
Most of Moving Day at the U.S. Open was more like Shuffling Day, with players edging up or down a couple strokes over their Friday scores. But then, after sundown on the East Coast, the top of the leaderboard suddenly bunched up tight, setting up a Sunday that will feature both star power and chances of a lifetime. Louis Oosthuizen, who’s spent much of his career being in contention in majors but never closing since winning the 2010 Open Championship, hammered his way into a tie for the… Source link
Read More »Americans in these states aren’t protected from surprise medical billing
Medical bills are an ongoing issue in the U.S., and surprise charges will be an issue at least until 2022. One of the many ways that Americans are financially vulnerable to the U.S. health care system is through “surprise billing,” a type of balance billing where a patient receives in-network care that is provided by an out-of-network health care provider without the patient knowing. (Balance billing occurs any time a patient’s insurance doesn’t cover the full cost of care.) “You go to an… Source link
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