The company Tesla (TSLA) booted from the S&P 500 index has vastly outperformed the electric automaker by a “stupendous margin,” analysts at Research Affiliates pointed out this week. Tesla entered the S&P 500 to great fanfare on Dec. 21, 2020, in a rebalance of the index. It surged well over 20% in its first month, but since then has fallen, standing now with gains of about 5%, lagging the S&P 500’s (^GSPC) near-16% gain in that same timeframe. Tesla’s entry meant one company had to… Source link

Let’s step back and take a look at the big picture, while keeping stocks in focus. Both the S&P 500 and the Nasdaq hit a series of record highs — mainly due to increasing investor confidence that the current inflationary environment will be a transitory event rather than a sustained trend. Clearly, investors are not shy about stocks, even though the Commerce Department’s inflation indicator for May hit 3.4%, it’s fastest rate of increase since the 90s.  Given this alarming… Source link

MOSCOW and AMSTERDAM, NETHERLANDS / ACCESSWIRE / June 28, 2021 / Yandex N.V. (NASDAQ:YNDX)(MOEX:YNDX), one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, today announced that all resolutions proposed at Yandex’s 2021 Annual General Meeting of Shareholders (the “AGM”) and the meeting of the holders of Class A Ordinary Shares, both held on Monday, June 28, 2021, have been approved. Yandex also announced three re-appointments to its Board of… Source link

An antitrust suit against Facebook by the FTC and several states had the wind taken out of its sails today by a federal judge, who ruled that the plaintiffs don’t provide enough evidence that the company exerts monopoly control over social media. The court was more receptive, however, to revisiting the acquisitions of Instagram and WhatsApp, and the case was left open for regulators to take another shot at it. The court decision was in response to a Facebook motion to dismiss the suit. Judge… Source link

A judge on Monday dismissed the Federal Trade Commission’s (FTC) antitrust lawsuit against Facebook and a separate antitrust lawsuit brought by dozens of attorneys general. Both suits alleged the social media giant is violating antitrust law by buying up competitors and depriving consumers of alternatives that would better protect their privacy. Facebook’s (FB) stock price was higher in late-afternoon trading, pushing the company’s market valuation past $1 trillion for the first time. The FTC… Source link

MOSCOW and AMSTERDAM, NETHERLANDS / ACCESSWIRE / June 28, 2021 / Yandex N.V. (NASDAQ:YNDX)(MOEX:YNDX), one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, today announced that all resolutions proposed at Yandex’s 2021 Annual General Meeting of Shareholders (the “AGM”) and the meeting of the holders of Class A Ordinary Shares, both held on Monday, June 28, 2021, have been approved. Yandex also announced three re-appointments to its Board of… Source link

MOSCOW and AMSTERDAM, NETHERLANDS / ACCESSWIRE / June 28, 2021 / Yandex N.V. (NASDAQ:YNDX)(MOEX:YNDX), one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, today announced that all resolutions proposed at Yandex’s 2021 Annual General Meeting of Shareholders (the “AGM”) and the meeting of the holders of Class A Ordinary Shares, both held on Monday, June 28, 2021, have been approved. Yandex also announced three re-appointments to its… Source link

NBA Hall of Famer and Chicago Bulls legend Scottie Pippen isn’t holding back anymore when it comes to his feelings about the past. He’s continuing to discuss his infamous decision to take himself out of a 1994 playoff game, and opening up more than ever before. In that game, head coach Phil Jackson drew up the game-winning shot for Toni Kukoc. In an interview with GQ last week — the same interview in which he criticized Kevin Durant and Ben Simmons — Pippen said that he felt insulted… Source link

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here. MOSCOW and AMSTERDAM, NETHERLANDS / ACCESSWIRE / June 28, 2021 / Yandex N.V. (NASDAQ: YNDX)(MOEX: YNDX), one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, today announced that all resolutions proposed at Yandex’s 2021 Annual General Meeting of Shareholders (the “AGM”) and the meeting of the holders of Class A Ordinary Shares,… Source link

El Salvador is becoming a proving ground for Bitcoin’s biggest ideas. “I really see El Salvador as being the Switzerland of Latin America, if this experiment goes successfully,” Ray Youssef, CEO of peer-to-peer crypto exchange Paxful, said over Zoom.  On Sept. 7, El Salvador will become the first country in the world to adopt bitcoin as legal tender. That could open a new age for the struggling Latin American economy, President Nayib Bukele, the prime mover behind the so-called… Source link