Goldman Sachs thinks it’s time to back up the dump truck on still fundamentally beat up industrial giant General Electric (GE).  The call: GE may not be so fundamentally beat up for much longer.  “We view GE as the ultimate self-help, re-opening levered story in Industrials,” said Goldman Sachs analyst Joe Ritchie in a new research note on Tuesday. The analyst slapped a $16 price target on GE’s stock, representing about a 22% upside from current levels.  Shares rose 1.3% to $13.06 in early… Source link

Independence Day celebrations may not be as spectacular this year as some may have hoped due to logistical and supply constraints causing a fireworks shortage worldwide. People looking to purchase fireworks for the Fourth or for future pyrotechnic celebrations should stock up, Stephen Pelkey, CEO of Atlas PyroVision Entertainment Group, told Yahoo Finance Live. “The only way to get around [the shortages] is if you’re going to need fireworks for the Fourth of July, buy it early, if you’re… Source link

The Hourly View for YNDX At the moment, YNDX (Get Ratings)’s price is up $0.25 (0.36%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration… Source link

The European Union has opened an antitrust investigation into whether Google is stifling competition in the highly profitable online advertising market. The probe follows cases in France and elsewhere in Europe questioning how the company runs its ad business.  It is the first time the EU has investigated Google’s online display advertising business, where it serves as an intermediary between advertisers and publishers to fill ad space on web pages and apps. Google’s Legal Woes “Google… Source link

In what has to be a disappointment to the often wild and erroneous speculation that Google was on its way to becoming an online travel agency, Google informed tours and activities providers and booking partners that it will phase out Reserve with Google for tour bookings starting August 1, Skift has learned. Reserve with Google enabled tours and activities operators to capture bookings in their Google business listings with travelers not having to navigate to other websites. Online travel… Source link

The World Health Organization’s decision to encourage those who are fully vaccinated to wear masks as a result of the highly transmissible Delta variant is “a good idea,” according to University of Arizona College of Medicine-Phoenix’s Dr. Shad Marvasti. “We don’t want to wait until after the fact and get caught with this thing already ahead of us when we know that masks work,” Marvasti told Yahoo Finance Live. “To put this in context, the Alpha variant, which originated out of… Source link

Home price growth in the U.S. surged in April at a pace not seen in more than 30 years. Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 14.6% annual gain in April, up from 13.3% in March — marking the 11th straight month of accelerating prices. The 20-City Composite posted a 14.9% annual gain, up from 13.4% a month earlier. The results far outpaced analysts’ expectations of a 14.7% annual gain, according to Bloomberg consensus… Source link

Google Cloud and Ericsson (NASDAQ: ERIC) today announced a partnership to jointly develop 5G and edge cloud solutions to help communications service providers (CSPs) digitally transform and to unlock new enterprise and consumer use cases. Globally, industries with edge presences – including communication service providers, retailers, manufacturers, transport businesses, healthcare and media/entertainment providers – face pressures to build more digitized businesses and new… Source link

Walmart (WMT) is launching the first-ever and only private brand analog insulin, offering a steep discount on the prescription used to control high blood sugar in millions of diabetes patients. The new brand, ReliOn NovoLog, includes analog insulin vials retailing for $72.88 and a FlexPen selling for $85.88, translating to savings of 58% and 75%, respectively, on the current cash price of branded insulin products when not using insurance. According to Walmart, that works out to be savings of… Source link

Amid lack of government assistance, 85 percent of microbusiness owners relied on community support for survival, but despite challenges, 95 percent are optimistic about 2021 SUNNYVALE, Calif., June 29, 2021 /PRNewswire/ — Yahoo Small Business, a division of Verizon Business, today released the findings of the Yahoo Small Business 2021 Microbusiness Outlook Report, a new survey exploring the state of microbusinesses (businesses with five or fewer employees) in the U.S. and their outlook as… Source link