The same factors that torpedoed Snap Inc.’s earnings results ominously linger as investors await Alphabet Inc. parent Google’s financial results on Tuesday. Google GOOGL, -3.04% GOOG, -2.91% could be hindered by a change in Apple Inc.’s AAPL, -0.53% privacy policy that makes it harder to target and measure digital advertising as well as a choked global supply chain that has driven down ad… Source link
Read More »REFILE-US STOCKS-Wall St drops 2% on growth worries; focus turns to Fed
(Corrects to remove extraneous text in headline) * Energy, bank stocks lead market declines * All eyes on Fed’s policy meeting later this week * Major airlines gain as U.S. relaxes travel rules * Indexes down: Dow 1.92%, S&P 2.04%, Nasdaq 2.53% By Devik Jain Sept 20 (Reuters) – Wall Street’s main indexes tumbled on Monday, as concerns about the pace of a global recovery spurred a selloff across sectors at the start of a week in which the Federal Reserve will decide on potentially tapering its… Source link
Read More »US STOCKS-Wall St tumbles on growth worries; focus turns to Fed
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Energy, bank stocks lead market declines * All eyes on Fed’s policy meeting later this week * Indexes down: Dow 1.34%, S&P 1.35%, Nasdaq 1.63% (Updates to open; changes quote) By Devik Jain Sept 20 (Reuters) – Wall Street’s main indexes tumbled on Monday, as concerns about the pace of a global recovery hit economy-linked stocks at the start of a week in… Source link
Read More »US STOCKS-Wall Street falls on worries over slowing economic recovery
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Drugmakers Amgen, Merck weigh on Dow after rating cuts * Boeing drops after Ryanair ends jet order talks * Tinder parent Match Group jumps on joining S&P 500 * Indexes down: Dow 0.72%, S&P 0.42%, Nasdaq 0.02% (Updates to open) By Shashank Nayar Sept 7 (Reuters) – The Dow Jones and S&P 500 fell on Tuesday, as worries over the slowing pace of economic recovery overshadowed hopes that the… Source link
Read More »Stocks to Commodities Sink on Fed Taper Worries: Markets Wrap
(Bloomberg) — Global markets tumbled across the board, as investors fled to the safety of U.S. Treasuries and the dollar, amid concern the Federal Reserve may start tapering stimulus this year even as the delta virus variant undermines global growth. U.S. stock-index futures fell, with contracts on the S&P 500 Index losing as much as 1.1%, and European stocks slid the most in a month. A selloff in commodities deepened, as iron ore plunged more than 10% and oil headed for the longest slump… Source link
Read More »Wall Street dives as COVID-Delta variant worries swamp earnings; Robinhood seeks $35B valuation
Stocks sank on Monday, pushing Wall Street benchmarks lower even as second-quarter earnings results reflect a strengthening economic rebound, as rising worries over inflation and the resurgence of new COVID-19 infections rattled investors. This week’s batch of earnings will include industry leaders like Netflix (NFLX) and Johnson & Johnson (JNJ), offering a fuller picture of how companies are faring as more parts of the economy reopened in the spring and early summer. All eyes will also be on… Source link
Read More »Suze Orman worries about a market crash — here’s what you should do
Suze Orman worries about a market crash — here’s what you should do As stock markets continue setting records, fallout from COVID-19 continues to create problems for the economy. That clash has worried investing experts, including Suze Orman, who’s gone so far as to say she’s now preparing for an inevitable market crash. And a famous measurement popularized by Warren Buffett — known as the Buffett Indicator — shows Orman might be onto something. Here’s an explanation of where the… Source link
Read More »Yahoo News/YouGov poll: U.S. COVID worries fall to lowest level ever ahead of Memorial Day – Yahoo News
The Independent ‘Shame on the Republican party’: GOP senators block Capitol riot commission Senate Republicans have blocked a bipartisan commission to investigate the Capitol insurrection, hoping to crush a probe into the violent assault before critical 2022 elections while GOP lawmakers manipulate a narrative around a riot inspired by persistent election myths. Despite a last-minute lobbying effort from US Capitol Police officers and the family of an officer who died after the attack,… Source link
Read More »U.S. COVID worries fall to lowest level ever ahead of Memorial Day weekend
Last year, the U.S. reported 1,288 COVID-19 deaths on the Friday before Memorial Day weekend. Over 46,000 Americans were hospitalized because of the virus. And more than 5 percent of tests were still coming back positive, foreshadowing a huge summer surge. At the time, a full 70 percent of Americans said they were either “very worried” or “somewhat worried” about COVID-19. Just 30 percent said they were “not very worried” or “not worried at all.” Exactly one year later, as… Source link
Read More »Goldman’s Crypto Chief Worries About Fraud, but Not Cryptocurrency’s Future
The Global Head of Digital Assets at Goldman Sachs said in a Q&A published in the firm’s May 21 Global Macro Research newsletter that the growing cryptocurrency space, particularly related to “hot storage,” was “only one big fraud away from a very negative impact on the market.” Addressing a question about risks to the industry, Mathew McDermott, who was expressing his own views and not those of the research team, also noted that “inconsistent regulatory actions” worldwide could… Source link
Read More »