Stocks are in a risk-off mood six trading days into the New Year for a multitude of reasons, prompting one veteran strategist to issue a blunt warning to over-enthused investors.  “We have never seen equities priced quite this high. The adjusted price to earnings ratio is pushing up against 40 times. The last time we saw that was in 1999. But if you look at price to sales ratios, that’s over three times — that’s higher than what we saw in the dot com bubble,” said Tematica Research chief… Source link

SAN FRANCISCO — Golden State Warriors owner Joe Lacob says he’s not a tweeter, but if he were to send a tweet, he knows exactly what it would say. “I would tweet, ‘Tonight Chase Center is finally finished with construction,’ ” Lacob told Yahoo Sports Sunday night after Klay Thompson made his season debut after spending nearly two years recovering from ACL and Achilles tears. “We’re halfway through our third year in this building, and I feel like Klay is the final piece to the… Source link

Stocks sank on Monday, with technology stocks under renewed pressure as investors anticipated higher interest rates this year and looked ahead to several economic data and earnings reports later this week. The S&P 500 dropped more than 2% at session lows to add to losses after the blue-chip index closed out its first week of trading for the new year in the red. The Nasdaq Composite fell following its worst week since February 2021. The Dow also fell. Other risk assets also came under… Source link

Beyond Meat’s founder Ethan Brown says his R&D team worked double-time to get the texture of KFC’s iconic chicken spot on.  “It has been a fun process. We have been trying to get to the North Star. Everyone loves the taste of Kentucky Fried Chicken. We wanted to deliver on that, but change the substrate — the meat component of it. For us, it was a focus on texture. So that is the North Star of Kentucky Fried Chicken’s delicious tasting products. I think we are getting closer and closer,”… Source link

Bitcoin (BTC-USD) and Ethereum (ETH-USD) are tumbling in what has been an ugly start to the year for cryptocurrencies. Bitcoin, the largest digital cryptocurrency, has extended its slide to fall to as far as $39,558 Monday morning, dipping below the crucial $40,000 level for the first time since September 2021. It is nearing what is known as the “death cross,” a bearish indicator which occurs when the 50-day moving average dips below the 200-day moving average, and could mean bitcoin is… Source link

Google wrongly claimed attorney-client privilege to protect documents subpoenaed in a National Labor Relations Board case filed by former employees who say the company fired them because of their unionization efforts, a labor judge has ruled. The administrative law judge, Paul Bogas, whom the N.L.R.B. appointed as a special master to review the documents, said in a report on Friday that “this broad assertion is, to put it charitably, an overreach.” The ruling is the latest legal blow to… Source link

Yandex NV (YNDX) has risen Monday morning, with the stock adding 1.37% in pre-market trading to 55.39. YNDX’s short-term technical score of 39 indicates that the stock has traded less bullishly over the last month than 61% of stocks on the market. In the Internet Content & Information industry, which ranks 131 out of 146 industries, the stock ranks higher than 63% of stocks. Yandex NV has fallen 13.75% over the past month, closing at… Source link

Google has accused Apple of benefiting from bullying as part of a deliberate strategy to make Android users into second-class citizens on the iPhone-maker’s iMessage service. Apple’s messaging service includes a number of iOS-exclusive features, like Memoji, and famously turns texts from Android users green instead of the iOS-native blue. This has turned iMessage into a status symbol among US teens, creating peer pressure for young people to buy iPhones and sometimes leading to the… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, January 10, 2022 We have learned a few important things early on in 2022.  First, this may truly be the year of the NFT (non-fungible tokens) after rising out of nowhere in 2021. The market ferociously boosted the valuation of dying retailer GameStop late last week on speculation it would make a full-throated attempt at an NFT… Source link

For the past 15 years, since the day Steve Jobs stood on a stage and introduced the world to the iPhone, it has had one major advantage over the competition: Seamless integration with the overall Apple ecosystem. The iPhone, along with everything else Apple makes. just works together in a way that Android (or Windows, for that matter) devices never really do. For example, you can copy and paste from your iPhone to your Mac, or vice versa. Or, you can start reading an article on a website on… Source link