Tag Archives: Tank

The Grinch might be a short-seller this Christmas season. Retail stocks were tanking across the board on Thursday, as a much worse-than-expected November retail sales report early Thursday, combined with Wednesday’s latest announcement from the Federal Reserve, had markets under heavy selling pressure. In early afternoon trading, shares of Macy’s (M) were off 3.9%, while shares of Target (TGT) and Abercrombie & Fitch (ANF) were down more than 4%, among other notable names underperforming in… Source link

I promised I wouldn’t say through gritted teeth, “Carson Wentz is the best quarterback Terry McLaurin has ever played with” and end up green-lighting him in fantasy this year. I’ve lived that life with Allen Robinson and dusty veterans in Chicago many times before. But based on my WR14 ranking of McLaurin, it looks like I’ve done it. We often forget that Taylor Heinicke, God bless him, was a backup quarterback in the XFL before finding himself on Washington’s roster. Whatever you… Source link

The July jobs report was so out-of-the-blue hot on Friday — coming in at more than double expectations — that it may spur the Federal Reserve to be way more aggressive on interest rate hikes than market goers thought just one day earlier. If so, would that set the table for a potential swift downdraft in stocks? “I think it does at the S&P level for the index,” Wall Street’s biggest bear strategist Mike Wilson of Morgan Stanley told Yahoo Finance (video above) when asked if on if the jobs… Source link

LAS VEGAS — The first weekend of Summer League was jam-packed with exciting games and glimpses of top players from the 2022 NBA draft. The No. 1 pick, Paolo Banchero, went head-to-head with No. 4 pick Keegan Murray in a sudden-death double-overtime thriller. No. 2 pick Chet Holmgren is settling in with the Oklahoma City Thunder, while No. 5 pick Jaden Ivey showcased some flashy passes and dunks in the open court. “This is a great class and people were kind of underestimating our class,”… Source link

The Portland Trail Blazers have lost 20 of their last 22 games. They’ve dropped 10 in a row, covering just once. If tanking was an art form, they’d be Pablo Picasso. Their latest one-sided piece was a 50-point thrashing at the hands of the Mavs as 19.5-point underdogs. Today, they’ll be 19.5-point dogs on BetMGM again as they end the season at home versus the Utah Jazz. R.I.P. City Portland’s opening night starting lineup of Damian Lillard, CJ McCollum, and Jusuf Nurkic is a distant memory…. Source link

Subscribe to The College Football Enquirer We love coach fights here at College Football Enquirer. Dan Wetzel and SI’s Pat Forde react to Michigan suspending Juwan Howard after the fracas with Wisconsin coaches and players. Is a five-game suspension long enough? The College Football Playoff announced expansion will not happen until at least 2026. How did we arrive at this disappointing decision and will the SEC begin to flex back at The Alliance? Pat and Dan also break down a rather large… Source link

The Presidents Day holiday in the U.S. likely provided little mental relief for traders as the situation between Russia and Ukraine intensified, sending stock futures plunging Monday evening. Futures on the Dow Jones Industrial Average tanked 431 points as of 7:45 p.m. ET, or 1.3%. The S&P 500 and Nasdaq Composite saw worse slides of 2.3% and 3.4%, respectively. The U.S. holiday — along which came closed markets for trading Monday — brought several negative developments on the… Source link

(Bloomberg) — China’s largest cross-border brokers plummeted in U.S. premarket trading after a central bank official questioned the legitimacy of their operations amid Beijing’s continuing crackdown on private enterprise. Most Read from Bloomberg These online brokers are engaged in “illegal financial activities” because they have no “driving licenses” to operate in China, Sun Tianqi, a senior People’s Bank of China official wrote in an article published on the website of Finance… Source link

(Adds Lordstown’s comment, details about cash) June 8 (Reuters) – Electric truck maker Lordstown Motors Corp expressed doubts about its ability to continue as a going concern, the company said in a regulatory filing on Tuesday, sending its shares down more than 20%. (https://bit.ly/3w4iOlG) “We believe that our current level of cash and cash equivalents are not sufficient to fund commercial scale production and the launch of sale of such vehicles,” Lordstown said. Lordstown reported a net loss… Source link

SAN JOSE — Some unassuming properties that Google bought in downtown San Jose near the Shark Tank are poised to provide land to “jump-start” an affordable housing site made possible by the search giant’s transit village. During 2018, in multiple transactions over a span of seven months, Google bought three properties on North Montgomery Street and North Autumn Street. At the time, the transactions raised eyebrows because the properties were outside of the emerging footprint of the… Source link