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(Bloomberg) — Optimism about digital assets stoked by Bitcoin’s run to a record high has helped push the overall value of cryptocurrencies to an all-time peak of more than $2.7 trillion. Most Read from Bloomberg That’s a climb of about $200 billion from the last high in May for a sector that now spans almost 10,000 coins, according to data from tracker CoinGecko. The ascent shows how bets on cryptos are spreading beyond Bitcoin amid enthusiasm about more mainstream adoption of digital… Source link

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Yahoo Finance appears to be the latest victim of China’s suppressive internet regulations, as the iOS app used by many to access foreign news coverage is no longer available in that country’s App Store. The app was purged on Oct. 14, according… Source link

The Centers for Disease Control and Prevention has linked fresh whole onions to a growing and mysterious salmonella outbreak. In a food safety alert Wednesday, the CDC said 652 people have been infected with the outbreak strain of Salmonella Oranienburg from 37 states as of Oct. 18. The number of cases is expected to grow as more illnesses are reported. The outbreak was first reported in mid-September but the CDC, Food and Drug Administration and local health officials had not identified a… Source link

Stock futures edged lower Wednesday evening, with the major indexes hovering slightly below all-time highs as a parade of strong earnings results helped buoy equity prices. Contracts on the Dow dipped. The 30-stock index set a fresh record intraday high during the regular trading day, markings its first all-time high since mid-August. The S&P 500 also logged a sixth straight day of gains in its longest winning streak since the start of July. The Nasdaq ended lower as traders took profits on… Source link

The fast-food restaurant of the future may be able to detect your order in advance, cook it just the way you like it, and have it ready when you arrive (or bring it to your house). That’s if partnerships like the one between The Wendy’s Company (WEN) and Alphabet Inc.’s (GOOGL, GOOG) Google Cloud deliver on a data-based future aided by artificial intelligence (AI) and machine learning (ML). As reported in The Wall Street Journal, on Oct. 12, 2021, Wendy’s and Google announced a deal that… Source link

(Updates closing prices, adds sector and volume details)    * Healthcare sector gains with earnings boost from Anthem, Abbott    * Verizon up on customer growth,    * IBM falls sharply in late trade after revenue miss    * Dow up 0.43%, S&P up 0.37%, Nasdaq down 0.05%    By Devik Jain, Shreyashi Sanyal and Sinéad Carew    Oct 20 (Reuters) – The S&P 500 and the Dow climbed on Wednesday with the Dow hitting an intraday record high as investors eyed better than expected… Source link

Tesla (TSLA) posted third-quarter profits that topped expectations, with record deliveries helping fuel the electric-vehicle maker’s results even as supply chain challenges weighed broadly on the auto industry. However, quarterly revenue came in short of consensus expectations, and shares fell slightly in after-hours trading.  Here were the main metrics from Tesla’s report, compared to consensus estimates compiled by Bloomberg: Revenue: $13.76 billion vs. $13.91 billion expected, $8.77… Source link

The valuation on Facebook’s stock (FB) looks way out of whack with the social media giant’s continued digital dominance, argues long-time bull Brent Thill at Jefferies.  “Interestingly, Facebook is now the second cheapest stock in our large cap coverage (eBay is cheapest) and trades at a 30% discount to the Nasdaq (vs. two-year average 18% discount). In our view, Facebook’s valuation is among the most attractive in Internet, particularly on a growth adjusted basis,” Thill said in a new… Source link

Cathie Wood: This one simple tailwind will push the bull market to 2038 — here are 3 stocks to ride it With inflation running hot, interest rates on the rise, and valuations stretched, even mainstream Wall Street strategists are predicting major corrections. But one super investor remains bullish — Ark Invest founder Cathie Wood. In an interview with Yahoo Finance Live last month, Wood referenced research by Fundstrat’s Thomas Lee that suggests millennials could power the stock market… Source link