Just like a $1 slider, Jefferies restaurant analyst Andy Barish says restaurant stocks are too cheap to ignore…and it’s time to chow down. “Really it’s the damage done [during the pandemic] unfortunately to a lot of independent restaurants in the sector during the past 18 months of the pandemic that has caused a huge amount of capacity to be reset. So coming out of the pandemic, the large restaurant chains are very well positioned to take incremental market share in the form of better… Source link

Alibaba Group Holding Ltd (NYSE: BABA) is trading lower Friday amid continued Evergrande default concerns. Evergrande had an $83 million interest payment due Thursday for a bond that’s set to mature in March 2022. The company has not said whether or not it intends to make the payment. As of Friday morning, Evergrande had not made any announcement or filing to the Hong Kong exchange. The company will not default unless it fails to make the payment within 30 days. Alibaba is the world’s largest… Source link

Apple’s (AAPL) iPhone 13 line hits the market Friday, and it’s bringing impressive changes to the smartphones’ cameras, batteries, and performance. The lineup includes the pint-size iPhone 13 mini, the iPhone 13, the iPhone 13 Pro, and the hand-stretching iPhone 13 Pro Max. As with the iPhone 12 lineup, pricing for the iPhone 13 family runs from $699 for the entry-level mini to $1,099 for the entry-level iPhone 13 Pro Max. But this time around you’ll get more storage out of the mini… Source link

Congress is running out of time to resolve the government debt showdown and risks defaulting on its debt.  U.S. House of Representatives Democrats passed a measure earlier this week to fund the government through early December and suspend the nation’s debt limit through December 2022, but the proposal faces an uphill battle in the Senate, where GOP lawmakers have vowed to block it. Republicans feel it is the Democrats responsibility to raise the debt ceiling alone using budget… Source link

In this article we will take a look at the 10 stocks to buy and hold according to Bill Gates. You can skip our detailed analysis of Gates’ history, investment philosophy, and hedge fund performance, and go directly to 5 Stocks to Buy and Hold According to Bill Gates. Co-founder of the leading tech giant Microsoft Corporation (NASDAQ:MSFT), Bill Gates has put forth billions of dollars into stocks to fund the Seattle-based Bill & Melinda Gates Foundation Trust which is well-known as the largest… Source link

Wearables company Jawbone is long-dead — it went out of business in 2017 — but its patents live on, and someone is using them to sue Apple and Google. As first reported by Bloomberg News, an entity named Jawbone Innovations LLC filed lawsuits against the two tech giants this week in federal court in Waco, Texas. The suits allege that Apple and Google infringed eight patents previously belonging to Jawbone and focused around noise-isolation algorithms originally developed for DARPA.

Angela Lang/CNET Hiding private pictures on your Android phone got easier when

Also in today’s EMEA regional roundup: Truphone expands its IoT reach with Sony; mobile money booms in sub-Saharan Africa; Orange extends 4G in French Guiana. Yandex, Russia’s answer to Amazon, is planning to launch its cloud business in Germany in 2022, with an initial investment of $30 million, Reuters reports (paywall may apply). Yandex currently claims 12,400 cloud clients, and its cloud revenue is expected to reach around 3 billion roubles ($41 million) in 2021. According to the report,… Source link

Gary Cohn, a key architect of former President Trump’s 2017 Tax Cuts and Jobs Act, has a new mission.  “We now need to get people back into the workforce and we need to force people in many respects to re-enter the workforce,” Cohn told Yahoo Finance Live. Cohn said he is worried the current shortage of labor threatens to undermine the ability of American businesses to compete at home and globally. The U.S. Department of Labor’s latest JOLTS report showed there are almost 11 million job… Source link

Cryptocurrency electronic cash bitcoin banner advertisement seen in Hong Kong. (SOPA Images/Sipa USA) Bitcoin tumbled on Friday afternoon as the People’s Bank of China said all cryptocurrency-related transactions are illegal. The central bank vowed to crack down on illegal activities of cryptocurrency trading and banned overseas exchanges from providing services to mainland investors. It also said it will stop all companies from facilitating cryptocurrency trading and will strengthen monitoring… Source link