Yahoo News

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 Tuesday, August 10, 2021 Job openings continue to explode The number of jobs open in America continues to explode.  On Monday, the Job Openings and Labor Turnover Survey (JOLTS) for June showed some 10.1 million jobs were open at last check, a record for the series which dates back to 2001. This marks the fourth straight month this series has… Source link

* Shares fall as much as 20% below IPO price * Worries about China crackdown on gaming sector * Worst debut for S.Korean listing since 2004 (Updates with milestone, closing price, market capitalisation, KOSPI ranking, adds analyst comment) By Joyce Lee and Scott Murdoch SEOUL/HONG KONG, Aug 10 (Reuters) – Shares in Krafton Inc , the Tencent Holdings-backed South Korean company behind blockbuster video game “PlayerUnknown’s Battlegrounds” (PUBG), fell as much as 20% on their trading debut on… Source link

Lawmakers and regulators’ increasing scrutiny of crypto markets, including the debate over the U.S. infrastructure bill’s crypto tax reporting provision, may be spooking retail investors but not institutional ones, recent blockchain data from Glassnode indicates.   These larger investors, as represented by large-value dollar transactions, fueled Bitcoin’s nearly 20% price gains since last week, the Berlin-based blockchain data firm found. A number of analysts say the trend shows that… Source link

Contracts on the S&P 500 ticked up. Earlier, both the blue-chip index and the Dow sank, dragged down by energy stocks amid concerns over reinstated travel restrictions in China due to rising coronavirus infections. U.S. West Texas intermediate crude oil futures fell on Monday to add to last week’s losses, bringing prices to the lowest level in three weeks.  Shares of AMC Entertainment (AMC) gained in late trading after the movie theater operator topped second-quarter revenue estimates, with… Source link

Aug 9 (Reuters) – The following is a roundup of some of the latest scientific studies on the novel coronavirus and efforts to find treatments and vaccines for COVID-19.    Moderna’s vaccine may be best against Delta    The mRNA vaccine from Pfizer and BioNTech may be less effective than Moderna’s against the Delta variant of the coronavirus, according to two reports posted on medRxiv on Sunday ahead of peer review. In a study of more than 50,000 patients in the Mayo Clinic Health System… Source link

AMC Entertainment (AMC) shares are up in after-hours after the movie theater company beat on the top and bottom line for its second quarter.  AMC reported a loss per share of 71 cents, compared to Wall Street estimates of a loss of 94 cents per share.  Revenue climbed to $444 million for the quarter versus expectations of $382.25 million. The company’s second-quarter performance is a massive increase compared to the same period last year when it brought in revenues of $19 million. The top… Source link

Increased public focus on the Delta variant has coincided with slowed spending in key sectors, according to a JPMorgan (JPM) Research report by senior economist Jesse Edgerton and economist Peter McCrory. “COVID case counts are still growing rapidly, even in highly-vaccinated states,” the report reads. “Google (GOOG, GOOGL) search data suggest that public focus on the Delta variant has intensified in recent weeks, and Chase card spending in some travel and entertainment categories has… Source link

(Bloomberg) — Tyson Foods Inc., the top poultry producer in the U.S., is racing to get its chicken unit back on track as a new, formidable competitor emerges. The third and sixth biggest U.S. chicken companies, Sanderson Farms Inc. and Wayne Farms Inc., are combining in a $4.53 billion deal, according to a statement Monday from buyers Cargill Inc. and Continental Grain Co. The deal comes as Tyson’s chicken unit posted a loss in its third quarter amid a series of headaches including high… Source link

The U.S. Department of Education (ED) scrapped another Trump-era policy on student loans, enabling state governments to resume oversight of loan servicers on behalf of borrowers within their borders. In March 2018, the ED under former Education Secretary Betsy Devos posted a legal interpretation on the Federal Register — a publication kept by the federal government about proposed rules and public notices — that effectively blocked state governments and attorneys general from taking… Source link

(Bloomberg) — DraftKings Inc. agreed to buy Golden Nugget Online Gaming Inc. in a deal valued at about $1.56 billion, expanding the fantasy-sports giant’s presence in the hot market for online betting. DraftKings expects use the combined resources to boost sales and market share, yielding $300 million in savings from overlapping costs and creating new cross-selling opportunities, the companies said Monday in a statement. The deal, which has been approved by both companies’ boards, is… Source link