Tag Archives: time

(Bloomberg) — Don’t be fooled by the stock market’s rapid-fire reaction to the news. It’s just the beginning of the first real slog in years, one that will hand a comeuppance to passive investors who once thought the only way for prices to go was up. Most Read from Bloomberg That’s the view of James Abate, whose Centre American Select Equity Fund (DHAMX) has beaten 97% of its peers during the past three years according to data compiled by Bloomberg. He says shares are getting less… Source link

Google announced today that it’s rolling out a new “multisearch” feature that allows users to search using text and images at the same time via Google Lens, the company’s image recognition technology. Google first teased the functionality last September at its Search On event and said it would be launching the feature in the coming months after testing and evaluation. Starting today, the new multisearch functionality is available as a beta feature in… Source link

The market’s most closely watched part of the yield curve inverted very briefly on Tuesday. At 1:33 p.m. ET on Tuesday afternoon, Bloomberg data showed the yield on the 10-year U.S. Treasury note (^TNX) briefly dipping below the yield on the 2-year U.S. Treasury. The inversion lasted only a few seconds, and by 3:00 p.m. ET (the settlement time for U.S. government bond futures) the curve remained un-inverted with about 0.05% separating the two securities’ yields. Over the last half-century… Source link

New reports have emerged about Urban Meyer’s short time as head coach of the Jacksonville Jaguars, and they paint a fuller picture — and it’s all bad. When Meyer was fired in December, no one was surprised. Between the team’s awful record, the controversy swirling around Meyer since he was caught at a bar dancing with a woman who was not his wife, unflattering reports of his coaching style, most people wondered why it didn’t happen earlier. But these new reports from The Athletic make it… Source link

Daylight Saving Time (DST) could become permanent in the U.S. after the Senate passed the Sunshine Protection Act, which now awaits a House vote and a signature from President Biden before it would become law and go into effect in late 2023. The goal of DST is to enable people to make more use of daylight. Currently, DST begins when clocks move forward one hour on the second Sunday in March at 2:00 A.M. and ends when clocks move backward one hour on the first Sunday in November at 2:00 A.M…. Source link

The Federal Reserve on Wednesday raised short-term interest rates for the first time since 2018, as high inflation pushes the central bank to pull back on its extraordinary pandemic-era support. The U.S. central bank lifted its benchmark Federal Funds Rate by 0.25%, to a target range of between 0.25% and 0.50%. The Fed also noted that the economic outlook remains “highly uncertain” in the face of the war in Ukraine. By notching up rates, the Fed kicks off a process of raising borrowing… Source link

European stocks rose as all eyes are firmly focused on the Federal Reserve meeting later today – the first in four years, where an interest rate hike is expected. Photo: Tom Williams/CQ-Roll Call, Inc via Getty European stocks pushed higher on Wednesday as investors awaited a widely anticipated decision by the US Federal Reserve on interest rate policy. In London, the FTSE 100 (^FTSE) rose 1.3% after opening, while the CAC (^FCHI) gained 2.1% in Paris, and the Frankfurt DAX (^GDAXI) was 2%… Source link

Half measures are for the half-hearted. If President Biden and other democratic leaders around the world are really going to punish Russian President Vladimir Putin for his brutal invasion of Ukraine, then it’s time to apply the muscle needed to clip his power permanently and smash his ability to wreak destruction wherever he chooses. The way to corral Putin is with robust energy sanctions that will raise prices even more and cause genuine hardship for millions outside of Russia—but pay… Source link

In his State of the Union speech, President Biden called for Congress to pass a $15 minimum wage. Eyes rolled everywhere. Democrats, who have narrow majorities in both houses of Congress, tried to pass a $15 minimum wage last year. They didn’t have the votes. They could have gotten the votes for raising the wage floor to $10 or $11, from the current $7.25. But that wasn’t good enough for Sen. Bernie Sanders and other party liberals. So Democrats haven’t raised the minimum wage at all,… Source link

Bank of Canada Governor Tiff Macklem speaks during a news conference (REUTERS/Blair Gable) The Bank of Canada raised its target for the overnight rate to 0.50 per cent. The 25 bps hike to contain inflation is the first since 2018, after cutting to help cushion the pandemic’s economic blow in 2020. Canada’s central bank says more rate hikes are coming but says it is following the situation in Ukraine closely. “The unprovoked invasion of Ukraine by Russia is a major new source of… Source link