Tag Archives: year

A view shows a fragment of a Hyundai Sonata automobile during an event, organized by Yandex company to present the new generation of its self-driving car developed in cooperation with Hyundai, in Moscow, Russia May 27, 2020. Picture taken May 27, 2020. REUTERS/Shamil Zhumatov MOSCOW, Sept 8 (Reuters) – Adventurous Muscovites may soon be able to travel around parts of Moscow in driverless taxis as Russian tech giant Yandex (YNDX.O) plans to start testing the autonomous vehicles in the city… Source link

“Here comes the worst month of year,” warns one market strategist. “Although this bull market has laughed at nearly all the worry signs in 2021, let’s not forget that September is historically the worst month of the year for stocks,” says LPL Financial chief market strategist Ryan Detrick. “Even last year, in the face of a huge rally off the March 2020 lows, we saw a nearly 10% correction in the middle of September,” he added. The S&P 500 (^GSPC) hasn’t had so much as a 5% correction… Source link

(Bloomberg) — Peloton Interactive Inc. tumbled Friday after delivering a disappointing sales outlook, the latest setback in a year marked by product recalls and waning consumer interest. The at-home fitness company disclosed other unwelcome news in its earnings report late Thursday, including that it’s cutting the price of its most popular bike, a move aimed at broadening its customer base but one that will also hurt its bottom line this year. Peloton also said it found a problem with the… Source link

The majority of U.S. households paid no federal income taxes in 2020, a spike driven by the pandemic-induced economic downturn and multiple rounds of tax-based assistance. The trend is likely to continue in 2021. Nearly 107 million households — or 61% of U.S. households — owed no federal income taxes in 2020, according to estimates by The Tax Policy Center, marking a 40% increase from 2019 when 43.6% of households didn’t pay taxes. “Even though those numbers are very dramatic, they are… 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 Wednesday, August 11, 2021 The COVID golf boom continues in 2021 In August 2020, we wrote in The Morning Brief that the golf business was booming during the pandemic.  In August 2021, the industry only looks stronger.  Within the last week, we’ve seen golf’s two biggest publicly-traded companies — Titleist parent company Acushnet (GOLF) and Source link

A better-than-expected jobs report for July shows the economy may soon be ready to run with reduced support from the Federal Reserve. Data from the U.S. Bureau of Labor Statistics released Friday morning showed 943,000 non-farm payroll gains last month, with the unemployment rate falling to 5.4%. The economy continues to inch closer to pre-pandemic shape. In the depths of the economic shutdown, employment levels dropped by as much as 22.4 million. As of July 2021, the economy appeared to… Source link

The Federal Reserve’s number two official said Wednesday that if the U.S. economic recovery progresses as he expects, the central bank could launch its first post-COVID 19 rate hike at the beginning of 2023. Richard Clarida, the Fed’s vice chairman, said that “upside” risks to higher inflation and his expectation for a steady labor market recovery would signal an economy that could be ready for higher short-term interest rates in over a year. Clarida said that he could support lifting… Source link

Square (SQ) hasn’t escaped the volatility in bitcoin this year by any means.  The payments platform — which allows the buying and selling of bitcoin via its Cash App — said Monday its second quarter bitcoin revenue clocked in at $2.72 billion. That’s a 23% drop from the first quarter. Gross profit from Square’s bitcoin business tallied $55 million, down $20 million from the first quarter. Year-to-date Square has been forced to take $65 million in impairments related to its bitcoin… Source link

Baltimore County Police Department For about a year, a Baltimore woman allegedly drove a car with a gruesome secret: the dead body of her 7-year-old niece stashed in a suitcase in the trunk. Then in May she allegedly cracked the trunk’s lid to dump the body of her 5-year-old nephew beside it. It wasn’t until months later that police discovered the decomposing bodies of siblings Joshlyn Marie James Johnson and Larry Darnell O’Neal. Baltimore County Police said in a statement Thursday night… Source link

Yahoo: QB Quinn Ewers ‘leaning toward’ skipping high school senior year to attend Ohio State | NBC4 WCMH-TV Skip to content ✕ × Close Ad … Source link