Day: April 18, 2022
Market will break out of slump due to peaking inflation, Evercore ISI predicts
The market slump may be in its final innings. According to Evercore ISI’s Julian Emanuel, stocks should start grinding higher due to peaking inflation. He cites a positive trend going back to the last time stocks and bonds fell together: 1994. “The market just sort of digested it, and there was a lot of sideways […]
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Goldman says buy these tech stocks to beat the turbulence — and gives one 80% upside
Tech stocks have seen a massive selloff this year, but it’s not all gloom and doom. Goldman Sachs names four favorites it says are set to outperform. Source
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Stocks making the biggest moves after hours: Twitter, Netgear and more
Musk would have been appointed to Twitter’s board on Saturday, but the world’s richest man informed the company on the day that he would not, in fact, be taking the board seat. Andrew Burton | Getty Images News | Getty Images Here are the stocks making headlines after the bell. Twitter — Shares of the […]
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Stock futures rise ahead of busy earnings day
Stock futures rose on Monday evening as traders navigate one of the busiest weeks of corporate earnings season. Futures tied to the Dow Jones Industrial Average added 87 points, or 0.3%, while those for the S&P 500 climbed 0.3%. Nasdaq 100 futures gained 0.4%. The move in futures comes after a slightly down day for […]
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Don’t blame stimulus checks for inflation, says Andrew Yang, who still supports sending free cash to most Americans
MIAMI — Former presidential candidate Andrew Yang says that Covid stimulus checks are not to blame for the recent inflation spike — and he’s still in favor of sending people free cash as a way to insulate workers from economic shocks and technological disruption. The universal basic income (UBI) evangelist told CNBC on the sidelines […]
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Price of corn hits 9-year high as surge in commodities continues
Dale Nething, 86, transfers a load of corn from his truck to a grain silo on his family farm in Ravenna, Ohio, October 11, 2021. Dane Rhys | Reuters The surging price of corn hit another milestone on Monday morning as the cost of global commodities continues to push higher. The contracts for July corn […]
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Apollo Global Management is willing to finance a Twitter buyout, sources say
Private equity firm Apollo Global Management has held discussions about financing a potential takeover for Twitter, according to sources familiar with the matter. But Apollo isn’t interested in being part of a private equity consortium that would acquire the social media company, said the people, who asked not to be named because the discussions are […]
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Amazon to conduct racial equity audit led by former AG Loretta Lynch
Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon will conduct a racial equity audit of its hourly workforce after shareholders urged the company to provide more transparency into how its policies impact diversity, equity […]
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How robots and indoor farming can help save water and grow crops year round
Agriculture may feed the world, but it is also contributing to global warming. Agriculture production uses about 70% of the Earth’s fresh water and makes up about a third of greenhouse gas emissions. But it doesn’t have to. Farming is moving inside, and farmers aren’t exactly what they used to be. New forms of farming, […]
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Apple retail union organizers want workers to be paid at least $30 per hour
Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York. Lucas Jackson | Reuters Workers who hope to organize a union at Apple’s Grand Central Terminal store want workers to be paid a minimum of $30 per hour, according to a website for the group, Fruit Stand Workers […]
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