Stephen Lovekin / Getty Images Suze Orman was working as a waitress and making $400 a month at 29 years old. She then decided to take a chance on a major career change and landed a job as a broker for Merrill Lynch. Having been on both ends of the financial spectrum, Orman knows what it takes to make the leap from broke to wealthy, and is now one of the most respected voices in personal finance — as well as a New York Times bestselling author with more than 25 million books in circulation…. Source link
Read More »Monthly Archives: July 2021
Bitcoin Analysts Expect a Short-Squeeze
Bitcoin pulled back on Friday after rising nearly 10% earlier this week. The cryptocurrency was trading around $32,000 at press time and is up about 2% over the past seven days. Ether, the world’s second largest cryptocurrency, is holding above $2,000 and is up about 6% over the past week. Upside momentum is improving, which could keep crypto buyers active into the weekend. Some analysts expect a short-squeeze to push bitcoin above the 50-day moving average around $34,000 given oversold… Source link
Read More »EV startup Rivian announces $2.5 billion funding round led by Amazon, Ford
By Ben Klayman DETROIT (Reuters) -Electric car startup Rivian said on Friday it has closed a $2.5 billion fundraising round led by investors Amazon.com Inc , Ford Motor Co and T. Rowe Price. The announcement came the day after the California-based company said it was exploring building a second U.S. assembly plant. Reuters, citing unnamed sources, reported on Thursday that Rivian’s planned plant, dubbed “Project Tera,” will include battery cell production. “As we near the start of vehicle… Source link
Read More »Google is finally doing something about Google Drive spam
Enlarge / Blocking individual users in Google Drive! Finally! Google A notification pops up on your phone: “Click here for hot XXX action!” It’s Google Drive again. Someone shared a document containing that title, and now your phone is begging you to look at it. Even if you ban Google Drive from generating phone notifications, you’ll still get emails. If you block the emails, you’ll have to see the spam when you click on the “shared” section of… Source link
Read More »Retail investors bought the dip yet again
The S&P 500 swooned briefly this week, falling around 2.5% on July 19, before recovering through Friday. During that brief time, scores of retail investors trained by the mantra “buy the dip” did just that. So what happened? DataTrek’s Nicholas Colas hypothesized that the retail investor behavior we’ve seen play out over the past 18 months likely recurred. Searches for “Dow Jones” spiked during Monday’s market dip, Colas pointed out, and a note from Goldman Sachs indicated… Source link
Read More »How to watch and what to expect
The online brokerage Robinhood, which aims to “democratize finance for all” through commission-free trading, is having a highly non-traditional IPO roadshow this Saturday, July 24. Rather than pitching itself to investors in closed-door meetings, Robinhood will livestream its IPO roadshow on this website from 3-4 p.m. ET/12-1 p.m. PT. — anyone can watch, and the public was allowed to submit questions until midday on Friday, July 23. The company, which faces litigation and regulatory… Source link
Read More »Meeting Google’s climate change goals ‘stresses out’ CEO Sundar Pichai
CEO Sundar Pichai is stressed about Google’s plan to become carbon free over the next decade. That means the company aims to use no carbon-based energy whatsoever by 2030. “It’s a long shot, it stresses me out in terms of how to get there,” Pichai said at a virtual climate change event hosted by earth-imaging platform Planet in July. But “you bet on technology and innovation,” he said. Google has been carbon neutral since 2007, Pichai said. That means that though Google’s operations still… Source link
Read More »Facing antitrust bull’s-eye, Google stock still at record highs because ad sales are sizzling
Alphabet Inc. is the most vulnerable Big Tech company on the regulatory front, but don’t expect that to matter when the search giant reports second-quarter financial results Tuesday. The leading digital advertising company and Google GOOGL, +3.58% GOOG, +3.37% parent company faces at least five government antitrust lawsuits, primarily for its dominance in the search market. And that dominance, to no one’s surprise,… Source link
Read More »US STOCKS-S&P 500, Nasdaq hit record highs on megacaps, earnings strength
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Social media stocks rally after upbeat results * AmEx jumps on blowout Q2 profit * Intel sales forecast implies rocky second half * Indexes up: Dow 0.51%, S&P 0.77%, Nasdaq 0.80% (Adds comments, updates prices to early afternoon) By Devik Jain and Shreyashi Sanyal July 23 (Reuters) – The S&P 500 and Nasdaq indexes hit record highs on Friday and were on… Source link
Read More »Why Crocs are still insanely popular
Crocs CEO Andrew Rees continues to lead one of the hottest footwear brands on the planet, a brand founded in 2002 that has seen its fair share of peaks and valleys in consumer adoption. Rees tells Yahoo Finance Live the company is still firing on all cylinders for several reasons, besides just inking buzzy partnerships with an influencer such as Justin Bieber and high-end fashion brand Balenciaga. “It’s comfortable [the shoes], it’s easy on and off. It’s lightweight, so it’s very easy to… Source link
Read More »