DAILY UPDATE: Apple Market Cap Up as Major Stock Indexes Ease

Posted on December 7, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

MEDICARE ANNUAL ENROLLMENT ENDS

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Apple regains a $3 trillion market cap and is on track to end the year as the world’s most valuable company for the 5th time in a row.

Today marks the 82nd anniversary of the attack on Pearl Harbor that drew the US into WWII.

Here’s where the major benchmarks ended:

The S&P 500^® index (SPX) was down 17.84 points (0.4%) at 4,549.34; the Dow Jones Industrial Average^® (DJI) was down 70.13 points (0.2%) at 36,054.43; the NASDAQ Composite^® (COMP) was down 83.20 points (0.6%) at 14,146.71.
The 10-year Treasury note yield (TNX) was down about 5 basis points at 4.117%.
The CBOE^® Volatility Index (VIX) was up 0.10 at 12.95.

Energy shares were again among the market’s weakest performers as crude oil futures extended a slump, closing below $70 per barrel for the first time since late June on concerns over slowing global demand. And, Liz Ann Sonders of Schwab said a “somewhat stealthy” rotation continued under the market’s surface, with the S&P 500® Equal Weight (SPXEW) and Russell 2000^®(RUT) indexes outperforming both the S&P 500 and NASDAQ over the past month or so. She also noted a defensive tone to Wednesday’ trading, illustrated by strength in utilities and weakness in technology.

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Filed under: "Ask-an-Advisor", Alternative Investments, Experts Invited, Financial Planning, Funding Basics, Glossary Terms, Investing, Touring with Marcinko | Tagged: Apple, DJIAm, energy, gold, inflation, Marcinko, markets, medicare, metals, NASDAQ, oil, open enrollment, Pearl Harbor, real-estate, Russell Index 2000, RUT, S&P 500, Schwab, Sonders, SPXEW, stock markets, Technology, TNX, utilities, VIX | Leave a comment »

President Bidens Executive Order on Artificial Intelligence

Posted on October 30, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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Biden will issue sweeping executive order on A.I. Today

The Biden administration just released an executive order today to regulate AI technology. The directive aims to leverage the government’s role as a leading technology customer by requiring advanced AI models to undergo assessments before they can be used by federal employees. It would also ease barriers to immigration for highly skilled workers in an attempt to boost the US’ technological edge.

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MORE Fierce Healthcare NEWS

The Biden administration has proposed a new rule refining several aspects of the healthcare services billing process in response to criticisms levied from all sides of the industry.

The federal government is rolling back a pandemic-era waiver that lowered the bar for 340B hospitals to dispense discounted drugs across some outpatient clinics. Hospitals argue the decision will “stifle” future efforts to expand access to under served communities.

And … Amazon Pharmacy is focused on making it faster and more convenient for patients to get prescription medications. The company’s moves come as brick-and-mortar drugstores are limiting pharmacy hours and even closing locations.

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Filed under: "Doctors Only", Breaking News, Drugs and Pharma, Ethics, Events-Planner, Health Economics, Health Insurance, Health Law & Policy, Healthcare Finance, Information Technology | Tagged: AI, Amazon, artificial intelligence, Biden, Biden Order, Executive Order, Fierce Healthcare, IT, pharmacy, Technology | Leave a comment »

MICROSOFT & GOOGLE: Earnings Up!

Posted on October 25, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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Google and Microsoft, the two tech giants, reported big jumps in earnings revenue, another sign that Big Tech’s growth has rebounded following last year’s downturn?

Google parent Alphabet reported 11% revenue growth to about $77 billion for the third quarter, thanks mainly to increased advertising sales.

Meanwhile, Microsoft’s revenue jumped 13% to $56.5 billion as AI created more demand for its products. Still, it wasn’t all rosy: Alphabet shares fell in extended trading after it missed on revenue estimates for its cloud division.

Meta reports its third-quarter earnings today, and Amazon posts tomorrow.

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Filed under: "Ask-an-Advisor", Financial Planning, Funding Basics, Glossary Terms, Investing | Tagged: Alphabet, Amazon, google, Meta, microsoft, MSFT, tech earnings, Technology | Leave a comment »

DAILY UPDATE: Microsoft Technology Lay-Offs & Banking Results

Posted on January 18, 2023 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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Microsoft shrank its workforce in July and October 2022 and eliminated open positions and paused hiring in various groups. While technology peers Amazon.com Inc., Meta Platforms Inc. and Salesforce Inc. have announced cuts by the thousands in the past few months, Redmond, Washington-based Microsoft has so far been taking smaller steps to deal with a worsening global economic outlook and the potential for a protracted slowdown in demand for software and services. However, Microsoft could announce wide-sweeping layoffs within the next few days. The possibility of the tech giant laying off a significant part of its workforce was first reported by Sky News and later corroborated by Bloomberg. Sky put the number of the cuts at approximately five percent of the company’s 220,000-person workforce or about 11,000 employees total. Bloomberg said it couldn’t find out the scale of the layoffs but reported they would affect “a number of engineering divisions” and that they’re set to be “significantly larger” than other rounds of job cuts undertaken by Microsoft over the last year.

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Meanwhile, U.S. stocks ended mostly lower with the Dow Jones Industrial Average snapping a four-day win streak after Goldman Sachs reported poor earnings results. The S&P 500 also ended lower, but the NASDAQ Composite eked out a gain as investors focused on whether the early 2023 rally has legs.

The S&P 500 shed 8.12 points, or 0.2%, to end at 3,990.97
The Dow Jones Industrial Average fell 391.76 points, or 1.1%, to finish at 33,910.85
The NASDAQ Composite gained 15.96 points, or 0.1%, ending at 11,095.11

Q4 earnings season continued to heat up, with investors sifting through differing results from Dow member Goldman Sachs and Morgan Stanley, while Travelers Companies warned that its upcoming results will be lower than forecasts. The economic calendar started off a bit slow before beginning to heat up tomorrow, but today a read on New York manufacturing showed an unexpected tumble for January.

Treasury yields were mixed, and the U.S. dollar gained ground, while crude oil prices advanced, and gold traded to the downside.

Asia finished mixed, and markets in Europe also diverged, following a flood of economic data, notably out of China.

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Filed under: "Ask-an-Advisor", Alerts Sign-Up, Alternative Investments, Experts Invited, Investing | Tagged: asia, Bloomberg, DJIA, Goldman Sachs, microsoft, Morgan Stanley, NASDAQ, S&P 500, Sky News, tech layoffs, Technology, treasuries | 3 Comments »

DAILY UPDATE: Closed Markets and Tech Company Layoffs

Posted on December 27, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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Since Christmas Day [Sunday], the U.S. stock markets were closed on Monday, December, 26th, 2022.

OPEN TODAY!

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Nevertheless, nearly 125,000 employees lost their jobs this year as more than 120 large U.S. tech companies, banks and manufacturers implemented massive rounds of layoffs, according to the Forbes layoff tracker, which documented major cuts (over 100) beginning in June when recession fears began to surge.

That’s a troubling figure for what had been one of the economy’s strongest growth sectors, but economists don’t expect it to spell doom for other industries. Even as tech companies downsized, the broader labor market remained strong throughout the year, with the unemployment rate ticking up slightly, to just 3.7% as of November.

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Filed under: Alerts Sign-Up, Investing, LifeStyle | Tagged: closed markets, markets, tech, tech company layoffs, Technology | Leave a comment »

UPDATE: A Technology Round-Up

Posted on August 7, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

Gossip -OR- True

By Staff Reporters

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1. Oracle insiders describe “complete chaos” from layoffs and restructuring. Oracle began a sizable layoff, potentially impacting thousands of employees — and those who haven’t yet been laid off are scrambling to figure out whether they’ll be next.

2. The FOMC is deepening its investigation into Amazon’s Prime sign-up and cancellation process. The FTC sent out subpoenas and other demands for information after Insider reporting. Here’s our scoop on what’s going on.

3. Axed “Robinhoodies” say they were tipped off to layoffs weeks ago. Former employees said they saw signs of belt-tightening — including plans to shrink office space — long before the company laid off 23% of its staff. Five former employees took us behind the scenes.

4. Elon Musk’s counter-suit against Twitter says the company is operating a “scheme” to mislead investors. Musk argued that he is entitled to drop the deal entirely — and Twitter pushed back, saying the billionaire’s story is “implausible.” Get the big takeaways.

5. Nike is offering $5,000 employee bonuses for some tech job referrals. Grappling with internal turmoil and a wave of exits, the company announced the new referral program, met with mixed reviews from employees. Here’s what we know.

6. Fifteen current and former Apple female employees say the company dismissed claims of misconduct. After the Financial Times reported the HR unit retaliated against some of them after speaking up about the incidents, Apple vowed to “make changes.” What we know so far.

7. Startup founders’ mental health is crumbling. Dried-up funding and the stress of a turbulent economic year has piled stress on founders who are already trying to do the impossible: build iconic tech companies. Why some founders “are especially not OK.”

8. Elon Musk denied that he’s planning to build his own private airport in Texas. Local news site Austonia reported last week that an airport could help grow his companies in the region, but Musk said that’s “not true” Get the full rundown here.

9. Mark Zuckerberg is minting an NFT of his Little League baseball card. In a post announcing Instagram’s expanded support for NFTs, Zuckerberg shared his own “soon-to-be NFT.” See the potential digital collectible of a young Zuck.

10. Unsend text messages using iOS 16. iPhone users with iOS 16 will have 15 minutes to un-send a text — and delete it from the recipient’s phone. How it works and how to do it.

READ HERE: https://medium.com/quantum-leap/future-technology-roundup-748cd03e04f6

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IT: https://www.amazon.com/Dictionary-Health-Information-Technology-Security/dp/0826149952/ref=sr_1_5?ie=UTF8&s=books&qid=1254413315&sr=1-5

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The DOT.com Bubble HAS Burst!

Posted on June 11, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

What is NEXT?

U.S. equities closed lower as losses in the Technology, Consumer Services and Financials sectors propelled shares lower. At the close, the Dow Jones Industrial Average fell 2.73%, while the S&P 500 index lost 2.91%, and the NASDAQ Composite index fell 3.52%.

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By Vitaliy N. Katsenelson CFA

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What a Day – TODAY!

READ: https://tinyurl.com/2r8zaftk

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UPDATE: Market Weekend Snapshot

Posted on April 10, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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U.S. stocks ended mixed the past week with the technology-laden NASDAQ Composite and S&P 500 closing lower as investors continued to digest the Federal Reserve’s plans to aggressively raise interest rates and shrink its balance sheet. Key inflation data and corporate earnings reports loom next week.

CITE: https://www.r2library.com/Resource/Title/082610254

How did stock indexes perform?

The Dow Jones Industrial Average rose 137.55 points, or 0.4%, to close at 34,721.12.
The S&P 500 slipped 11.93 points, or 0.3%, to finish at 4,488.28.
The NASDAQ Composite shed 186.30 points, or 1.3%, to end at 13,711.

For the week, the Dow declined 0.3%, the S&P 500 fell 1.3% and the NASDAQ dropped 3.9%. The S&P 500 and NASDAQ each snapped a three-week winning streak while the Dow fell for a second week in a row, according to Dow Jones Market Data.

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Filed under: Alerts Sign-Up, Investing | Tagged: DJIA, Dow Jones Industrial Average, Dow Jones Market Data, NASDAQ, S&P 500, Technology | Leave a comment »

UPDATE: Stocks, Treasury Yield and Commodity Futures

Posted on April 9, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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The Dow Jones Industrial Average gained 0.40%, or 137 points, The S&P 500 fell 0.20%, the NASDAQ slipped 1.3%. All three major averages ended the week in the red.

Technology stocks snapped a three-week winning streak, keeping the broader market in the red as investors remain wary of growth sectors of the market in the wake of surging Treasury yields.

The 10-year Treasury yield jumped above 2.7% for the first time in more than three years on expectations for aggressive Federal Reserve tightening to stem inflation.

DEFINITION: In economics, a commodity is an economic good, usually a resource, that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.

CITE: https://www.r2library.com/Resource/Title/082610254

Gold Futures for June delivery were down 0.34% or 6.60 to $1,931.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 0.31% or 0.30 to hit $96.33 a barrel, while the June Brent oil contract rose 0.14% or 0.14 to trade at $100.72 a barrel.

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Filed under: Alerts Sign-Up, Interviews | Tagged: 10 year treasury yield, bond yields, bonds, commodities, commodity, DJIA, Dow Jones Industrial Average, NASDAQ, S&P 500, Technology, Treasury yields | Leave a comment »

The 10 Worst Technologies of the 21st Century?

Posted on March 15, 2019 by Dr. David Edward Marcinko MBA MEd CMP™

MIT Technology Review

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MIT Technology Review

The latest issue, MIT Technology Review revealed 10 breakthrough technologies, chosen by Bill Gates, that he thinks will change the world for the better. We thought it only fair (and fun) to come up with a corresponding list of 10 “bad” technologies.

A hard choice: What makes them bad? Well, it could be because they fail to achieve good aims, or succeed in wicked ones. They could be harmful, flawed, or ahead of their time.

Sad: The Segway turned out to be an expensive scooter that makes you look silly. Google Glass, on the other hand, makes the list as a decent technology that just lacked decent enough uses when it launched.

Bad: Electronic voting made the cut for making elections more vulnerable. The CRISPR babies born in November 2018 are on there too, because indiscriminate uses of the technology should worry us. Data trafficking, where our data is shared and used without our control, is undermining freedom and democracy—it had to be one there.

Mad: Of course, some inventions have no redeeming features whatsoever. May we present: selfie sticks.

Assessment: Read the full list here.

BEWARE THE IDES OF MARCH

Dictionary of Health Information Technology and Security

[Foreword Dr.Mata MD CIS]

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Filed under: Information Technology | Tagged: HIT, MIT, Technology | 2 Comments »

Choose the STEM Sciences

Posted on October 27, 2016 by Dr. David Edward Marcinko MBA MEd CMP™

Choose Science, Technology, Engineering and Mathematics

By Bert Mesko MD

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Kids, Please, Choose Science, Technology, Engineering and Mathematics (STEM) for Your Future!

It is as simple as the ABC: if you are thinking about your future now, please choose Science, Technology, Engineering and Mathematics (STEM). If you are way in your career, please send this to those who are still considering their options. Read more.

Conclusion

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Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Medical Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com

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