Yahoo News

One of the newer members of the meme stock movement of 2021— Wendy’s — has more opportunities to sizzle.  That’s the good word from Guggenheim analyst Gregory Francfort, who initiated coverage of Wendy’s (WEN) on Tuesday with a Buy rating and $26 price target. At current prices, the analyst is looking for an approximate 20% upside move in shares of the square-shaped burger serving chain.  Shares of Wendy’s are up 5% year-to-date, giving back a good portion of the gains that happened in… Source link

HANGZHOU, China, July 27, 2021–(BUSINESS WIRE)–Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988) today announced that it filed its annual report on Form 20-F for the fiscal year ended March 31, 2021. The annual report can be accessed under the SEC Filing section on the Company’s investor relations website at https://www.alibabagroup.com/en/ir/secfilings. The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of… Source link

(Bloomberg) — Global stocks fell with U.S. futures as investors dumped Chinese shares amid a regulatory overhaul in the country. Treasuries climbed. The Hang Seng Index slid 4.2% as speculation swirled that U.S. funds are offloading China and Hong Kong assets. While the losses were more muted in Europe and U.S. futures, the mood was pessimistic across markets. Tesla Inc. and General Electric Co. rose in premarket trading after their earnings beat forecasts. The rout in China is spooking… Source link

Amazon founder Jeff Bezos. The e-commerce giant denied it was poised to accept bitcoin and other cryptocurencies. Photo: AP Photo/John Locher, File Bitcoin (BTC-USD) has fallen away from recent highs after Amazon (AMZN) denied a report that it was considering accepting cryptocurrencies as payment. Bitcoin and other cryptos rallied on Monday amid speculation that the e-commerce giant was poised to accept digital money. Amazon recently posted a job listing for a “Digital Currency and Blockchain… Source link

Yahoo is on a mission to drive brand affinity across its portfolio by turning casual readers into fanatics who are willing to spend money with the media company. That strategy has led the company to experiment with new mediums and types of content, as well as new innovative partnerships, said Joanna Lambert, head of consumer at Yahoo. In the latest episode of the Digiday Podcast, she said she wants to reach 900 million monthly, paying users by further enticing them with shoppable… Source link

The top five looks to be falling into place with Oklahoma State’s Cade Cunningham the consensus favorite for the No. 1 overall pick (-5000 at BetMGM), although the Pistons reportedly are not locked in on a pick yet and are still looking at Jalen Green and Evan Mobley. This is the deepest and most talented draft class in recent memory and a few players like James Bouknight, Ziaire Williams and Joshua Primo are climbing up draft boards late.  Here’s a look at Yahoo Sports’ projected first… Source link

Stock futures opened little changed Monday evening on the heels of another record-setting session, with investors looking ahead to the start of earnings results from mega-cap technology companies on Tuesday. Contracts on the S&P 500 drifted after the blue-chip index eked out a record closing and intraday high during the regular trading day. The Dow and Nasdaq also closed at records and moved sideways in late trading.  On Tuesday, investors are set to receive quarterly earnings results from… Source link

(Reuters) – Amazon.com Inc on Monday denied a media report saying the e-commerce giant was looking to accept bitcoin payments by the end of the year. The report https://bit.ly/3xb6orM from London’s City A.M. newspaper, citing an unnamed “insider”, sent the world’s biggest cryptocurrency up as much as 14.5% before it trimmed gains to last trade 6% higher at $37,684.04. “Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is… Source link

The Federal Reserve has signaled that it will slow its asset purchases as the U.S. economy continues to recover. But the Fed has not offered any clues as to when it will begin “tapering” its so-called quantitative easing program, which is currently absorbing about $80 billion in U.S Treasuries and about $40 billion in agency mortgage-backed securities each month. The Federal Open Market Committee will meet Tuesday and Wednesday to check in on its monetary policy stance, which has been Source link

Bitcoin market analysts are speculating over what fueled the cryptocurrency’s price jump on Monday, and some of the experts say a short squeeze of heavily leveraged traders may have added to upward pressure on prices. Bitcoin and other cryptocurrencies have risen dramatically over the past 24 hours. Bitcoin, the world’s largest cryptocurrency, was trading at $39,189 at press time, for a 15% price gain.  Short liquidations – bearish trades where the principal was wiped out due to margin… Source link