Tag Archives: warns

NEW YORK — United Nations Secretary-General António Guterres warned that war, famine and climate change are setting the stage for “a winter of global discontent” in his remarks opening the U.N. General Assembly on Tuesday morning. Speaking to a crowd that included heads of state, many of whom will address the General Assembly this week, Guterres warned that these and other ills, including global inflation and growing economic inequality, pose acute challenges demanding swift action. But he… Source link

Yahoo’s vice-president of ad data products has issued a stark warning that 75% of digital ad inventory will be non-addressable by 2024 in the US. But what does this mean for CTV? According to Gio Gardelli: “It will now become a lot harder to track web conversions for campaigns.” Speaking at the IAB’s Audience Connect summit, Gio Gardelli called non-addressable supply “the big elephant in the room” and said, “we can’t ignore this any longer.” Current privacy regulations mean… Source link

After a hotter-than-expected inflation reading spooked investors on Tuesday, the Dow Jones industrial average sank over 1,200 points in the stock market’s worst showing since June 2020. That same day, Stanley Druckenmiller, one of Wall Street’s most respected minds, argued that the pain won’t be temporary—and that stocks face an entire decade of sideways trading as the global economy goes through a tectonic shift. “There’s a high probability in my mind that the market, at best, is… Source link

Google has advised its users to immediately install a security update in its Chrome browser to safeguard themselves against a serious bug being actively exploited by hackers. The tech giant said it is aware of reports that an exploit for ‘CVE-2022-3075’ exists in the wild, mentioning the vulnerability as “Insufficient data validation in Mojo” reported by an… Source link

(Bloomberg) — Oil pared losses after Saudi Oil Minister Prince Abdulaziz bin Salman said the disconnect between the futures market and supply fundamentals may force OPEC and its allies to act. Most Read from Bloomberg West Texas Intermediate futures bounced to about $90 a barrel after earlier trading below $87 on Monday. The Saudi oil chief warned that “extreme” volatility and lack of liquidity in the futures market are moving prices in ways that don’t conform to fundamental… Source link

Lowe’s stock is getting nailed with a downgrade by analysts at Citi on fears that a rapid cooling in the housing market will hammer demand at the home improvement retailer. Citi analyst Steven Zaccone slashed his rating on Lowe’s to neutral from buy on Thursday. “We see risk of a 2Q miss on same-store sales and EPS vs. Street with the potential to cut FY22 guidance given the weak first half results,” Zaccone wrote in a new note to clients. “We believe the buy-side is bracing for a miss and… Source link

U.S. stocks extended losses Tuesday as investors assessed earnings and prepared for a series of key inflation reports due out later this week. The S&P 500 ticked fell 0.5%, while the Dow Jones Industrial Average ticked down about 0.1%. The tech-heavy Nasdaq tumbled 1.5% as a warnings from Micron Technology (MU) weighed on chip and technology stocks. Shares of Micron fell 5% after the memory chipmaker said its fourth-quarter revenue may come in on par with or below the bottom end of a forecast… Source link

Between slowing revenue growth and an increasingly murky outlook for tech companies in general, Google is tasking its employees to put in harder shifts at work. Amid a larger market downturn over the past few months, the tech sector has arguably fared the worst. Thousands of tech company employees have been laid off, and with chatter growing that an inevitable economic contraction is on the way, more speculative stocks such as tech are bracing for the worst. At Google—one of the… Source link

Housing correction is ‘dead ahead,’ warns Moody’s chief economist Mark Zandi — here’s how he sees things playing out over the next several months Existing home sales showed a 5.4% decline in June from May, but prices remain elevated, according to the National Association of Realtors. The median sale price of existing homes in the U.S. set a new record high of $416,000 in June, marking a 13.4% increase from a year ago. Yet for those continuing to watch these rising home prices, chief… Source link

The housing market boomed in 2020 and 2021 but is now cooling rapidly.AFP/Getty Images US home prices are already falling and are set to tumble in the coming months, an economist said Tuesday. Ian Shepherdson, chief economist at Pantheon Macro, told clients “the next few months will be very tough” for the housing market. Property markets boomed in 2020 and 2021 but are rapidly cooling as central banks hike interest rates, pushing up mortgage costs. US home prices are already falling and are… Source link