Billionaire bond investor Jeffrey Gundlach, founder and CEO of $137 billion DoubleLine Capital, says as long as the Federal Reserve’s stimulus continues, “The stock market can stay in very overvalued territory.” Speaking to Yahoo Finance Live on Monday, Gundlach, known as the “Bond King,” said that while U.S. stocks are overvalued they look cheap compared to bonds. “[As] overvalued as stocks are relative to historical measures — like the price-to-earnings ratio, or Dr. Shiller’s CAPE ratio,… Source link

President Joe Biden is set to have his first high-profile meeting with the heads of some of the world’s biggest tech companies on Wednesday in Washington to discuss improving the nations’ cybersecurity preparedness and supply chain security. Newly minted Amazon (AMZN) CEO Andy Jassy will be among the attendees, people familiar with the matter told Yahoo Finance. Apple (AAPL) CEO Tim Cook and Microsoft (MSFT) CEO Satya Nadella are also on the guest list, Bloomberg reports. The meeting,… Source link

By this point in the COVID-19 pandemic, Best Buy was supposed to be headed back to the days of Best Buy of old — reasonable levels of sales and earnings growth as people bought tech gear only when really needed or around a cool product launch.  But that hasn’t happened, actually quite the contrary.  With work life likely changed forever because of the pandemic — at the very least well into 2022 judging by pushed out return-to-office dates from the likes of Apple and others — Best Buy… Source link

AKRON, Ohio — The piece of metal that struck a Cedar Point amusement park guest waiting in line for the Top Thrill Dragster roller coaster was about the size of “a man’s hand,” according to state investigations. The accident has left 44-year-old Rachel Hawes of Michigan in intensive care with a brain injury, according to a family statement released to a Cleveland TV station. “We are devastated by last weekend’s accident at Cedar Point,” the statement said. “We want to thank everyone for… Source link

Billionaire bond investor Jeffrey Gundlach, the founder and CEO of $137 billion DoubleLine Capital, says his number one conviction over several years is that the U.S. dollar will decline as a consequence of current economic policies, resulting in the U.S. losing its sole reserve currency status. “My number one conviction looking forward a number of years — I’m not talking about the next few months at all, I’m talking about several years — is that the dollar is going to go down,” Gundlach… Source link

Hospitals in the U.S. South have quickly become overwhelmed with COVID-19 patients as cases continue climbing amid the surge of the Delta variant of coronavirus. And while there are indications that Delta transmission tends to subside after around 50 days, some health professionals see things getting worse before getting better. “We’ve seen it pick up with children, young adults, young women, pregnant women, unfortunately,” Dr. Ellen Eaton, assistant professor at the University of… Source link

Russian technology giant Yandex has launched its ultra-fast grocery delivery service in Paris, the company said Tuesday. The service — named Yandex Lavka in Russia — will operate under the brand name of “Yango Deli,” offering 15-minute grocery delivery to addresses across the French capital. Paris marks the first European market the company is hoping to break into, following a launch in Israel at the end of 2020. The company plans to launch in London later this… Source link

CNN —   Google’s Nest division has finally refreshed its home security camera lineup, releasing a new doorbell, an indoor/outdoor camera, a floodlight camera and an indoor camera. And we installed the Nest Doorbell on our home nearly a week ago now and have learned a lot about Google’s latest home security product along the way. It brings a new design, is now managed through the Google Home (instead of the Nest… Source link

Paris became the first European city where Yandex started offering grocery service after Yango, the international arm of Yandex Go, the firm’s taxi aggregator and food tech business, tapped the delivery market in Israel last year. Yandex said in a statement it will deliver orders in Paris within 10-15 minutes, using so-called dark stores, dedicated warehouses that cater only to online clients, allowing for swift delivery and cheaper rental costs. “Yandex’s own… Source link

MOSCOW, Aug 24 (Reuters) – Russian internet giant Yandex has launched an online grocery delivery service in Paris under the Yango Deli brand, it said on Tuesday, pursuing global expansion as the COVID-19 pandemic continues to drive demand for online delivery services. Paris became the first European city where Yandex started offering grocery service after Yango, the international arm of Yandex Go, the firm’s taxi aggregator and food tech business, tapped the delivery market in Israel last… Source link