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Despite pulling back from recent highs, bitcoin, the world’s largest crypto by market cap, remains above a key long-term technical indicator, which reflects bullish market conditions. Prices are currently at about $46,350 after topping out at $46,453 in the last 24 hours, CoinDesk data show. The crypto is up 57% year to date and is making headway toward its all-time high of $64,829 on April 14. “After a quiet July, we’re seeing a return of retail investors,” said Caroline Bowler, CEO… Source link

Successful market investing is all about finding opportunities, and buying into the right stocks at low prices. The only real ‘trick’ to navigating the market is recognizing those opportunities, since ‘low prices’ is a relative concept, not an absolute. A low price for a famously expensive stock like Amazon will still be in the thousands, while a low price for an obscure penny stock may be less than one dollar. A look at stock charts will help to find companies whose shares are… Source link

Stock futures opened near the flat line Tuesday evening after another record-setting day for Wall Street, with the S&P 500 and Dow each rallying to all-time highs on the back of the U.S. Senate passage of a major infrastructure bill. Contracts on the S&P 500 drifted sideways. Earlier, the blue-chip index and the Dow each both reached record intraday and closing highs, with shares of industrials and materials companies, as well as other names closely tied to the economic recovery leading the… Source link

Government officials and health experts are leaning on the private sector to lead the U.S. out of a COVID-19 surge caused by the highly infectious Delta variant. The reason lies largely in the fact that the federal government won’t issue a blanket mandate, and some states are actively fighting mitigation measures. “We don’t have the ability to function as a country,” said Dr. Eric Topol, founder and director of the Scripps Research Translational Institute. We are facing a “formidable version of… Source link

The need for workers is weighing on the trucking industry, where freight operators are struggling to raise wages fast enough to find drivers. Eric Fuller, the CEO of U.S. Xpress (USX), said that his company has doled out 30% to 35% in total pay increases over the last 12 months — but suggested more may be needed. “The driver situation is about as bad as I’ve ever seen in my career,” Fuller told Yahoo Finance on Monday. Data from the Bureau of Labor Statistics showed that in the depths… Source link

Outgoing New York Gov. Andrew Cuomo seems to feel like he was railroaded out of his job. During an August 10 news conference where he announced his plan to resign in two weeks, Cuomo acknowledged behaving boorishly but insisted he didn’t sexually harass any of the 11 women who have accused him of that. “I never crossed the line with anyone,” Cuomo said, “but I didn’t realize the extent to which the line has been redrawn.” Given that he’s finally resigning, maybe it doesn’t… Source link

The current national bout of low inventory represents an “unprecedented non-recessionary inventory collapse” for the last 20 years, a new report by JPMorgan found. “While non-manufacturing activity is now tracking a strong and steady recovery, the goods-producing sector has been buffeted by supply constraints alongside continued boomy gains in final demand,” the report noted. “The result has been a slump in inventories that, over the past two decades at least, looks to be unprecedented… Source link

Surges of confirmed coronavirus cases and hospitalizations in several U.S. states are causing health professionals to sound alarms about the continued spread of the highly contagious Delta variant, the transmission of which is being primarily driven by unvaccinated individuals. “Unfortunately, a lot of hospitals nationally are seeing more and more cases getting hospitalized,” Dr. Payal Patel, an infectious diseases physician at the University of Michigan, said on Yahoo Finance Live (video… Source link

And who said fast-food innovation has peaked.  Beyond Meat (BYND) and Yum! Brands (YUM) said Tuesday they will debut a new pizza featuring plant-based pepperoni from Beyond Meat. The pizza will be available initially at 70 Pizza Hut locations, including Albany, N.Y.; Columbus and Macon Georgia; Houston, Texas; and Jacksonville, Fla.  The pepperoni pizza is the first creation under a new global partnership signed by Yum! Brands and Beyond Meat in February. Under the deal, the two companies… Source link

The stock market is on one impressive stretch headed into year-end, which may bode well for future returns.  Through late last week, the S&P 500 (^GSPC) had gone 189 days — or nine straight months — without being more than 5% from a 52-week high, according to researchers at Sundial Capital Research. The S&P 500 also had logged its 43rd day with a 52-week closing before November.  Sundial says 2021 has been one of the most “consistent” years ever for markets. That recent bout of… Source link