Fed Chair Jerome Powell. Eric Baradat/Getty Images US stocks experienced a bear-market rally in July but the recent upswing is likely to fade, Bank of America said Friday. The stock market rally found ‘oxygen’ from the fall in the 10-year Treasury yield prompted by ‘recession shock.’ BofA said a Fed pivot from its rate-hike campaign…
Monthly Archives: July 2022
Marco Bello/Getty; Savanna Durr/Insider Ark Invest’s flagship fund has failed to keep up with the broader stock market’s rally this week.Earnings implosions from some of Ark’s top holdings like Roku and Teladoc added to the pain.Despite the sharp underperformance, Ark’s flagship fund has attracted nearly $2 billion in fund inflows year-to-date. Ark Invest’s flagship fund…
Paul Allen, the late cofounder of Microsoft. Elaine Thompson/AP Paul Allen’s estate recently sold 10 properties in New York and Seattle for a total of $168 million. Allen, the Microsoft cofounder who died in 2018, had a massive trust that included pro sports teams. Reports have indicated that Allen’s sister must liquidate the trust and…
Children receive treats by candy chutes while trick-or-treating for Halloween in Woodlawn Heights on October 31, 2020 in New York City. David Dee Delgado/Getty Images Hershey CEO Michelle Buck said there will likely be a shortage of Halloween candy this year. The company was not able to ramp up seasonal production due to supply and…
John McBride, a former intensive-care-unit nurse, is now a software engineer at VMWare. John McBride The tech industry is a popular choice for workers seeking stable, high-paying jobs. But making the switch to a new career may not be as easy as some workers make it seem. Six tech workers in jobs like engineering and…
Google Chromebook AP The Chrome OS has a Developer Mode that gives you root access to the operating system of your Chromebook. To enable Developer Mode, restart your laptop pressing the Esc, Refresh, and Power keys, then Ctrl+D. Developer Mode may void your warranty and make you susceptible to malware. If you feel constrained by…
Daniel Zahler realized New York didn’t work for him anymore — so he left. Daniel Zahler Daniel Zahler is a Harvard-trained healthcare consultant who previously worked at Goldman Sachs and McKinsey. He moved to LA for a better quality of life after spending 12 years in New York City. Zahler struggled to find a community…
Twitter has published its 20th transparency report, and the details still aren’t reassuring to those concerned about abuses of personal info. The social network saw “record highs” in the number of account data requests during the July-December 2021 reporting period, with 47,572 legal demands on 198,931 accounts. The media in particular faced much more pressure….
Blue Origin has revealed when New Shepard’s sixth crewed flight will take place. The NS-22 mission (New Shepard’s 22nd launch overall) is set for August 4th, which is two months to the day after its previous spaceflight. The launch window opens at 9:30AM ET. The company recently announced the passengers who will travel to the…
If you’ve been patiently waiting for Valve to ship that Steam Deck you reserved months ago, you may not have to wait too much longer to get your hands on the device. The company claims it will be able to fulfill all current Steam Deck reservations by the end of the year. Valve says that…