Tag Archives: warns

Netflix (NFLX) is set to report its fiscal second quarter earnings on Tuesday after market close as the company battles ongoing inflationary pressures, increased competition, and an uptick in subscriber churn. Here’s what Wall Street expects, according to Bloomberg consensus estimates: Revenue: $8.05 billion expected Adj. earnings per share (EPS): $2.99 expected Subscribers: Loss of 2 million users expected The streaming giant’s anticipated loss of 2 million paying users for the second quarter… Source link

The U.S. job market is poised for a rapid slowdown as economic growth cools, Goldman Sachs warned in a new report. “We continue to expect that the slowing economy will lead job growth to fall sharply to 150k/month in 2022H2 and to 60k/month in 2023, causing the unemployment rate to gradually rise to 3.8% at end-2023 and 4.0% at end-2024,” Goldman Chief Economist Jan Hatzius said. “We see risks around this forecast as two-sided, reflecting elevated risk of a recession that would cause greater… Source link

The U.S. government believes that Iran may try to assassinate current or former senior American officials to avenge the death more than two years ago of its top military and intelligence commander, according to an intelligence report obtained by Yahoo News. In January 2020, the Trump administration conducted a drone strike that killed Maj. Gen. Qassem Soleimani while he was on a trip to Iraq. Since then, the regime in Tehran has threatened revenge against those it deems responsible and has… Source link

‘The biggest Ponzi scheme in history’: This CEO warns that the Fed’s strategy has created a giant bubble in housing. Here’s what he likes for protection The Fed is tasked with a dual mandate: to ensure price stability and aim for maximum employment. But according to Dan Morehead, CEO of crypto hedge fund giant Pantera Capital, there’s a third thing that the Fed has been doing — running a Ponzi scheme. In his latest Blockchain Letter, Morehead says that the Fed’s “manipulation of… Source link

‘We are in a recession’: Long-time bull Cathie Wood warns investors about the ‘big problem’ in the economy. Here’s what she likes today The official GDP estimate for Q2 won’t be available until later next month, but many experts – including Ark Invest’s Cathie Wood – are calling for a recession. “We think we are in a recession,” Wood says in a recent CNBC interview. “We think a big problem out there is inventories — the increase of which I’ve never seen this large in… Source link

Google is warning of a sophisticated new spyware campaign that has seen malicious actors steal sensitive data from Android and iOS users in Italy and Kazakhstan. On Thursday, the company’s Threat Analysis Group (TAG) shared its findings on RCS Labs, a commercial spyware vendor based out of Italy. On June 16th, security researchers at linked the firm to Hermit, a spyware program believed to have been first deployed in 2019 by Italian authorities as part of an anti-corruption operation…. Source link

As part of Google’s efforts to track the activities of commercial spyware vendors, the company’s Threat Analysis Group (TAG) released a report Thursday on spyware campaigns targeting Android and iOS users. Google TAG researchers Benoit Sevens and Clement Lecigne go into detail about the use of entrepreneurial grade spyware dubbed “Hermit.” This sophisticated spyware tool allows attackers to steal data, private messages and make phone calls. In their report, TAG researchers attributed Hermit… Source link

Germany is one step closer to having to ration its gas usage as supply from Russia starts to dry up, and the country’s top economic affairs official is warning that it could lead to an even larger economic spillover effect. As of Thursday, Germany has entered the second alert level of its emergency gas plan, according to Robert Habeck, Germany’s minister for economic affairs and climate action. At this level, “security of supply is currently ensured, but the situation is tense,”… Source link

The U.S. Federal Reserve risks weak economic growth throughout this year due to its backward-looking, “draconian” rate hikes, warned Wall Street’s best-known tech sector bull. ARK Invest founder Cathie Wood, who became famous for her prescient bets on disruptive technologies led by companies such as Tesla, argued the Fed must temper its policy given leading economic indicators were flashing red. These included speculative bets indicating an expectation for rising bankruptcies via… Source link

As big name investors such as Bill Ackman and Jeff Gundlach clamor for the Federal Reserve to hike interest rates by 100 basis points or more, one top strategist thinks observers should really think through what they are calling for. “Be careful what you wish for,” 22V Research Founder Dennis DeBusschere on Yahoo Finance Live (video above). “You want to take it to an extreme. Let’s go 100 basis points, 200 basis points, or 400 basis points. Let’s crush the economy. I don’t think that would be… Source link