Month: April 2022
Wall Street analysts say investors should buy the Apple dip despite supply chain worries
“We would use any stock weakness as a buying opportunity,” said one analyst. Source
Read More
Cloud computing is a bright spot for tech as the economy grapples with war and inflation
Microsoft’s CEO indicated that companies aren’t looking to cut into their IT budgets when economies worsen. That means cloud could be a safe haven for Big Tech. Source
Read More
Victoria’s Secret is taking its beauty business to Amazon in its first-ever wholesale test
Beginning Friday, shoppers will find an assortment of roughly 120 Victoria’s Secret beauty items, including lotions and fragrances, on Amazon. Source: Victoria’s Secret Victoria’s Secret is taking its beauty business to Amazon, marking the lingerie company’s first major tie-up with another retailer to sell its goods. With Friday’s launch, about 120 different products including branded […]
Read More
FDA panel to discuss Novavax Covid vaccine for adults, Pfizer and Moderna shots for kids in June
Medical syringes and Novavax logo displayed in the background are seen in this illustration photo taken in Krakow, Poland on December 2, 2021. Jakub Porzycki | NurPhoto | Getty Images The Food and Drug Administration’s independent advisors will meet in June to discuss Novavax’s Covid vaccine for adults as well as Pfizer and Moderna’s shots […]
Read More
Cryptocurrency group lobbies Congress against bills that target Russian oligarchs
The cryptocurrency industry has been quietly lobbying U.S. lawmakers against legislation designed to prevent Russian oligarchs from using digital currencies to evade sanctions imposed on Russian President Vladimir Putin’s allies and their companies following Russia’s attack on Ukraine. The Blockchain Association, a lobbying group that represents more than 70 crypto platforms including Ripple, Crypto.com and […]
Read More
Even in a tight job market, recruiters say these 4 red flags will cost you the offer
It’s a job-seeker’s market, and companies are focused on working quickly and efficiently to fill scores of openings. But with the rapid rate of quitting and hiring in the last year, some recruiters are rethinking the signs that someone could be a good employee, and what could nix them from getting to the next round […]
Read More
Russia attempts last-ditch dollar bond payments to try to avert historic default
Russia faces renewed threat of debt default on May 4, according to major ratings agencies, as the grace period comes to a close after it attempted to service its dollar bond payments in Russian rubles. Mikhail Tereshchenko | Sputnik | via Reuters Russia’s Finance Ministry said Friday that it had attempted overdue dollar payments on […]
Read More
Analysts are mostly confident Amazon can work through inflationary pressures, JPMorgan says ‘buy the pullback’
Many on Wall Street maintained buy ratings on the tech giant even after it dropped 10% after poor revenue forecast. Source
Read More
Amazon shares sink 12%, on pace for worst day since January 2014
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 Shares of Amazon dipped as much as 12% on Friday after the company gave revenue outlook for the current quarter that fell short of Wall Street’s estimates. […]
Read More
The Fed’s favorite inflation gauge rose 5.2% in March as worker pay fell further behind
Canned goods are displayed at a Safeway store on April 11, 2022 in San Anselmo, California. Justin Sullivan | Getty Images A measure that the Federal Reserve focuses on to gauge inflation rose in March, likely cementing the central bank’s intention to hike interest rates by half a percentage in May. The core personal consumption […]
Read More