Why Amazon, Alphabet, and Shopify Stocks All Tumbled Tuesday

Reuters
Fed's Bostic: open to a rate hike if inflation progress stalls
"If inflation stalls out or even starts moving in the opposite direction, away from our target, I don't think we'll have any other option but to respond to that," Bostic said at the University of Miami. Progress toward the Fed's 2% inflation goal has slowed in recent months, and U.S. central bankers have generally said that means they will likely hold rates at current levels for longer, with no urgency to cut them. Bostic himself has embraced that view, and currently projects one rate cut late in 2024 rather than the two rate cuts he had previously expected when inflation was coming down more rapidly.
a minute ago
Reuters
Jabil places CEO Wilson on paid leave amid investigation
The company appointed its current CFO Michael Dastoor as the interim CEO, effective April 19, according to its regulatory filing. Jabil pointed to the filing in response to a request seeking more details on why Wilson was placed on leave.
3 minutes ago
Associated Press
Tennessee State hires coach in big step to being the first HBCU to add ice hockey
Tennessee State has taken its biggest step yet toward becoming the first historically Black college and university to introduce ice hockey by hiring Duanté Abercrombie as the Tigers' head coach. President Glenda Glover and athletic director Mikki Allen announced the hiring Thursday. “I firmly believe that one day, TSU will be recognized not only as a powerhouse on the ice but also as a program whose student-athletes leave a profound legacy on the world, enriched by the lessons learned at TSU,” Abercrombie said in a statement.
6 minutes ago
Yahoo Sport Australia
Nathan Buckley speaks out after AFL champion forced into brutal move due to divorce
Nathan and Tania Buckley split in 2020 after 18 years of marriage. Read more here.
8 minutes ago
Investor's Business Daily
Dow Jones Futures: Stock Market About To Break Power Trend; Netflix Chills On Outlook
Stocks again failed to hold early gains, with the market power trend about to end. Netflix subscribers jumped in Q1.
8 minutes ago
BBC
Kennedys endorse Biden over their relative RFK Jr
Robert F Kennedy Jr is running for president as an independent - but many family members oppose him.
9 minutes ago
GlobeNewswire
Bonterra Announces $4M Brokered Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES VAL-D'OR, Quebec, April 18, 2024 (GLOBE NEWSWIRE) -- Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) is pleased to announce that it has entered into an agreement with Eight Capital as lead agent (the “Agent”) in connection with a “best efforts” private placement of up to 16,
10 minutes ago
Yahoo News Australia
Aussie mum banned from using Uber because of her name
The name has a special meaning in her culture, but Uber deemed it so offensive it blocked her from the platform.
11 minutes ago
Reuters
UPDATE 1-Mexican inflation coming from abroad, not public spending, says finance official
Inflationary pressures in Mexico are mostly being imported from abroad, and are not coming from public spending, Deputy Finance Minister Gabriel Yorio said in an interview at Mexico's annual banking convention on Thursday. "We don't agree with the assumption that public spending is generating inflationary dynamics," Yorio said. Earlier this week, Bank of Mexico deputy governor Jonathan Heath said that expansive fiscal policy in the run-up to general elections was complicating the bank's work in taming inflation this year.
11 minutes ago
BBC
Francis Ogolla: Kenya helicopter crash kills country's military chief
A military helicopter carrying senior military officers crashes and caught fire, killing ten people.
13 minutes ago
HuffPost Life
Gen Z Is Particularly Weird About Relationship Age Gaps. Here's Why.
Is an 18-year-old dating a 25-year-old problematic? Some Gen Zers think so.
14 minutes ago
Simply Wall St.
Individual investors own 26% of United Plantations Berhad (KLSE:UTDPLT) shares but private companies control 54% of the company
Key Insights Significant control over United Plantations Berhad by private companies implies that the general public...
15 minutes ago
Associated Press
How bad did Dylan Strome want to make the NHL playoffs? Ask his brothers
Dylan Strome was never good at losing, whether it was playing baseball in his front yard or stick hockey in the basement with his brothers. “He hated losing more than he loved winning,” younger brother Matt Strome said. Strome won the Ontario Hockey League championship and the Memorial Cup at the junior level, was the third pick in the 2015 draft behind Connor McDavid and Jack Eichel, bounced around as a pro, and up until now had only experienced the NHL playoffs in the 2020 pandemic bubble.
15 minutes ago
Variety
Netflix’s New Movie Chief Is Tasked With Making ‘Better Films,’ Not Necessarily ‘Fewer Films’
As Netflix’s new film chief, Dan Lin’s mandate is to focus on quality — and quantity. Netflix’s co-CEO Ted Sarandos shed light on Lin’s strategy as the producer takes over film duties from Scott Stuber, who announced in January he was leaving the streamer. “There is no appetite to make fewer films, but there is …
15 minutes ago
The Independent
New York police arrest pro-Palestinian protesters at Columbia University
Officers in riot gear clear out tent encampment and detain dozens occupying the campus lawn
15 minutes ago
BBC
Trump criminal case: Full 12-person jury seated in Manhattan
The trial, the first ever in which an ex-US president is the defendant, may see opening arguments in Monday.
15 minutes ago
People
Rick Moranis Is 71! Inside His Quiet Life Since Leaving Hollywood 28 Years Ago
The beloved star of '80s favorites like 'Honey, I Shrunk the Kids' and 'Ghostbusters' has chosen to lead a quieter life throughout the 2000s
16 minutes ago
Business Wire
Mativ Announces Conference Call to Discuss First Quarter 2024 Results
ALPHARETTA, Ga., April 18, 2024--Mativ Holdings, Inc. (NYSE: MATV) today announced it will release first quarter 2024 financial results on May 8, 2024, after the market closes.
17 minutes ago
Bloomberg
Fed’s Bostic Reiterates Rate Cut Is Not Likely Until End of Year
(Bloomberg) -- Federal Reserve Bank of Atlanta President Raphael Bostic said he’s comfortable keeping interest rates steady, reiterating he doesn’t think it will be appropriate to lower borrowing costs until toward the end of the year.Most Read from BloombergDubai Grinds to Standstill as Flooding Hits CityElon Wants His Money BackRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingSingapore Loses ‘World’s Best Airport’ Crown to QatarRed Lobster Considers Bankruptcy to Deal With Leas
17 minutes ago
NFL Highlights
Wolf: Patriots 'open for business in the first round and in every round' of 2024 NFL Draft
New England Patriots general manager Eliot Wolf tells reporters that the team is "open for business in the first round and in every round" of the upcoming 2024 NFL Draft.
18 minutes ago

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Why Amazon, Alphabet, and Shopify Stocks All Tumbled Tuesday

Latest stories

Fed's Bostic: open to a rate hike if inflation progress stalls

Jabil places CEO Wilson on paid leave amid investigation

Tennessee State hires coach in big step to being the first HBCU to add ice hockey

Nathan Buckley speaks out after AFL champion forced into brutal move due to divorce

Dow Jones Futures: Stock Market About To Break Power Trend; Netflix Chills On Outlook

Kennedys endorse Biden over their relative RFK Jr

Bonterra Announces $4M Brokered Private Placement

Aussie mum banned from using Uber because of her name

UPDATE 1-Mexican inflation coming from abroad, not public spending, says finance official

Francis Ogolla: Kenya helicopter crash kills country's military chief

Gen Z Is Particularly Weird About Relationship Age Gaps. Here's Why.

Individual investors own 26% of United Plantations Berhad (KLSE:UTDPLT) shares but private companies control 54% of the company

How bad did Dylan Strome want to make the NHL playoffs? Ask his brothers

Netflix’s New Movie Chief Is Tasked With Making ‘Better Films,’ Not Necessarily ‘Fewer Films’

New York police arrest pro-Palestinian protesters at Columbia University

Trump criminal case: Full 12-person jury seated in Manhattan

Rick Moranis Is 71! Inside His Quiet Life Since Leaving Hollywood 28 Years Ago

Mativ Announces Conference Call to Discuss First Quarter 2024 Results

Fed’s Bostic Reiterates Rate Cut Is Not Likely Until End of Year

Wolf: Patriots 'open for business in the first round and in every round' of 2024 NFL Draft