Tag Archives: year

The busiest week of the year for investors is here. A jam-packed week of market-moving developments awaits traders in the coming days, headlined by the Fed, tech earnings, and key economic data. The Federal Reserve’s latest policy meeting is set to take place this coming Tuesday and Wednesday, July 26-27, with the central bank expected to raise interest rates another 75 basis points. On the earnings side, some of the S&P 500’s most heavily-weighted components — including Microsoft (MSFT),… Source link

The affair has led to Brin and Musk’s friendship to end.Kelly Sullivan, Dimitrios Kambouris via Getty Images Elon Musk had an affair with Google co-founder Sergey Brin’s wife, according to the Wall Street Journal. Brin and Nicole Shanahan divorced in January of this year, shortly after Brin learned of the affair, the report states. Brin, a longtime friend of Musk, has pulled investments from the Tesla CEO’s various companies in recent months. Elon Musk was reportedly involved in a romantic… Source link

Chrissy Teigen hasn’t had a drink in a year, she revealed Monday. “Not a drop of alcohol in 365 days!” she wrote on social media. “I miss feeling loopy and carefree sometimes, but to be honest toward the end, it didn’t give that fun feeling anymore anyhow. I drank to end crazy anxiety that later mostly went away when I — get this — quit drinking! sigh. anyhow I feel really good.” Teigen has quit alcohol for periods of time in the past. This time, she explained, abstaining had made her more… Source link

(Bloomberg) — Bridgewater Associates posted a 32% return for its flagship hedge fund through the first half of 2022 as it benefited from increased market volatility, according to a person familiar with the performance. Most Read from Bloomberg The firm founded by Ray Dalio told investors that the Pure Alpha II fund climbed 4.8% in June, boosting the annualized return since its 1991 inception to 11.4%, the person said, asking not to be identified because the results aren’t public. Like many… Source link

The wedding business is booming. After the pandemic forced couples to postpone walking down the aisle, weddings are ‘through the roof this year,’ according to Zola CEO Shan-Lyn Ma. “We have one of the busiest wedding years since the 1980s,” Ma told Yahoo Finance (video above). “Guests are excited to go to weddings again, and they are invited to more than ever before.” A report by The Knot estimates the number of weddings will hit 2.6 million this year, up from 2.2 million in… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, June 30, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. The Nasdaq (^IXIC) and Russell 2000 (^RUT) are having their worst year ever. The Dow Jones Industrial Average (^DJI) is off to its worst start since 1962. And you’d have to travel back to 1970 for a… Source link

Google is winding down its messaging app Hangouts before it officially shuts in November, the web giant announced on Monday. Users of the mobile app will see a pop-up asking them to move their conversations onto Google Chat, which is yet another one of its online services. It can be accessed via Gmail as well as its own standalone application. Next month, conversations in the web version of Hangouts will be ported over to Chat in Gmail.  One of Google’s warnings to Hangouts users this… Source link

Wikimedia Commons Bank of America analysts expect US economic growth to slow to nearly zero by the second half of 2023. So while the risk of recession this year is low, BofA sees a 40% probability starting next year. And 2024 isn’t looking much better as analysts see only “a modest rebound” by then. Bank of America has sounded the alarm on the US economy, predicting growth will stall next year and that the likelihood of a recession will surge. In a note published on Friday — two days after the… Source link

Etsy’s (ETSY) stock has struggled this year so far, declining more than 66% this year to date. The entire tech sector’s been getting pummeled amid the broader bear market, but Etsy’s stock has been among the hardest hit. Snap (SNAP), Netflix (NFLX), and Shopify (SHOP) are among the other companies that have seen massive declines amid inflation, the war in Ukraine, rising gas prices, and escalating interest rates. Shares of Etsy, where crafters can sell their wares online, collapsed more than… Source link

Canadian e-commerce service Shopify (SHOP) was a certified pandemic-era darling, with its stock price soaring as high as $1,690.60 per share in November 2021. But high-flying inflation, a pullback in consumer spending online compared to during the pandemic, and increased competition are punishing the company, sending shares of Shopify plummeting 76% year-to-date to $331.42 at the start of trading Monday. Shopify’s woes aren’t unique. The company is just one of a host of big-name firms… Source link