Restaurant operators and workers across the U.S. are struggling to rebound from the pandemic, and are battered by a lack of staff, skyrocketing prices and supply shortages. Paula Tejeda is one of them.  Even after mass vaccinations, customer traffic is “still very shaky,” Tejeda, the owner and founder of Chile Lindo, a deli and coffee shop in San Francisco, said in an interview with Yahoo Finance. “The hospitality business, which is restaurants, small coffee shops and bars, are not back…. Source link

According to a new report from 9to5Google, Google Messages may be receiving an update that will slightly enhance the messaging experience on the Android end. As per the outlet’s “APK Insight”, code has been found in the most recent version of Google Messages that would show iMessage ‘reactions’ as emoji’s within Google Messages. If an iPhone user sends a message to a phone number that’s on Android, the conversation will be carried on the SMS protocol since iOS doesn’t… Source link

Warren Buffett keeps selling billions worth of stock in this frothy market — but here are 3 new places where he’s managed to find value Bloated valuations in today’s stock market aren’t exactly appealing to value investors. So it’s no surprise that the most famous value investor of all continues to reduce his stock market exposure. In Q3, Warren Buffett’s holding company Berkshire Hathaway sold a net $2 billion stock, including a complete exit of pharmaceutical giant Merck as well as… Source link

SHANGHAI, China, Nov. 19, 2021 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it has completed its previously announced at-the-market offering (the “At-The-Market Offering”) of American depositary shares (“ADSs”), each representing one Class A ordinary share of the Company. Through the At-The-Market Offering, the Company has sold 53,292,401 ADSs and raised… Source link

More than 300 lawsuits totaling a staggering $3 billion have been filed over the Astroworld disaster on November 5 that ultimately claimed the lives of ten people.  Most recently, Live Nation (LYV) and Apple (AAPL), along with rapper and headliner Travis Scott, were sued for $2 billion by hundreds of concertgoers who allege they were injured at the deadly event at NRG Stadium, where concertgoers surged toward the stage during Scott’s performance, sparking deadly mayhem. “The resulting… Source link

Google asked the Justice Department on Friday to investigate whether its new top antitrust official, who has represented Google rivals, needs to step back from inquiries and lawsuits against the company. In a letter to Justice Department leaders, an outside lawyer for Google said the “reality, and the appearance, of partiality are fairly called into question” by Jonathan Kanter’s past work for the company’s critics. Google pointed to his work with Yelp and the News Media Alliance,… Source link

Amazon (AMZN) CEO Jeff Bezos is no longer the richest person in the U.S. That honor now goes to Elon Musk. Musk, the CEO of both SpaceX and Tesla (TSLA), holds a net worth of a whopping $299 billion. Formerly a resident of California, Musk relocated to Texas this year, also making him the richest resident of the state. He stated that his reason for moving was due to Texas having no income tax while California’s is the highest in the country. Tesla CEO Elon Musk talks during a tour of the… Source link

The stock market has been on autopilot in November, and it’s not without rhyme or reason, said Rick Rieder, BlackRock’s global fixed income CIO. “I don’t think equity valuations are that high when you look at free cash flow yields,” said Rieder on Yahoo Finance Live. “And in the last couple of weeks some earnings are pretty impressive.” The market has liked that companies have been able to pass along inflation successfully to end users, as seen this week in earnings from big names like… Source link

It wasn’t too long ago that Dave Hoffmann told me about his life in the restaurant industry.  “I am sort of a product of minimum wage. I grew up in the restaurants. That has been my whole life. It was burgers and fries at 16 and it’s donuts at 50,” Hoffmann recalled in a 2018 interview on the day he was announced as the next CEO of then publicly traded Dunkin’ Brands.  Hoffmann — who before Dunkin’ spent years as a top executive at McDonald’s — went on to sell Dunkin’ Brands to Arby’s… Source link

Nvidia’s (NVDA) $40 billion deal to purchase the U.K.-based chip developer ARM from SoftBank is all but dead. That’s at least what Susquehanna senior equity analyst Chris Rolland took away from Nvidia’s leadership during the company’s Q3 earnings call on Wednesday. “I think some of the commentary [on Wednesday] kind of puts the final nail in the ARM coffin here,” Rolland told Yahoo Finance Live. Nvidia initially made the $40 billion deal public in September 2020 with expectations… Source link