Yahoo News

Serena Williams won’t be making history at Wimbledon this year. In the middle of the first set of her Round 1 match against Aliaksandra Sasnovich, Williams slipped on the grass while planting one of her legs, injuring her knee.  Williams exited briefly to be treated by a trainer. She returned and attempted to continue the match, in tears as she tried to serve without putting any extra weight on her injured leg. She was able to manage for a short while, but suddenly crumpled to the ground in… Source link

Goldman Sachs’ closely watched chief U.S. equity strategist David Kostin isn’t ruling out more upside for the stock market into year end, but he does acknowledge gains will be tougher to generate.  “You’ve got two big headwinds facing the market in the next six months that I think is likely to restrain the appreciation. The first issue is higher rates [interest]. The idea of higher rates is typically associated with some lower valuations,” Kostin said on Yahoo Finance Live.  Kostin says the… Source link

As Bitcoin and other digital coins rise in popularity, so have the number of gripes with the largest cryptocurrency exchange in the U.S., according to a new study. Coinbase was the most complained-about crypto digital wallet in the Consumer Finance Protection Bureau’s complaint database, according to a study done by the U.S. Public Interest Research Group, with the volume of filings — albeit starting at a low level — accelerating this year.  “Coinbase should be investigating consumer… Source link

As COVID-19 restrictions loosen across the United States, the hospitality industry — which was walloped by the pandemic — is experiencing a new challenge: too few workers available to address soaring demand for dining out. A furious debate is underway over what’s behind the labor shortage, which is prompting restaurants to adapt by modernizing with kiosks and digital ordering. Many are biting the bullet and ponying up more in compensation just to attract employees.  “A lot of us are… Source link

A day after Tesla (TSLA) CEO Elon Musk turned the big 50, UBS is sending him a belated digital birthday gift.  UBS analysts led by Patrick Hummel slashed the firm’s price target on Tesla’s stock to $660 from $730. The group maintained its Neutral rating on Tesla shares. But, the analysts cut their EPS estimates for 2021 by 11% and by 10% for 2022. In an extensive dive into the EV industry’s outlook, UBS voiced several noteworthy concerns for the diehard Tesla bulls.  “While results from our… Source link

Goldman Sachs thinks it’s time to back up the dump truck on still fundamentally beat up industrial giant General Electric (GE).  The call: GE may not be so fundamentally beat up for much longer.  “We view GE as the ultimate self-help, re-opening levered story in Industrials,” said Goldman Sachs analyst Joe Ritchie in a new research note on Tuesday. The analyst slapped a $16 price target on GE’s stock, representing about a 22% upside from current levels.  Shares rose 1.3% to $13.06 in early… Source link

Independence Day celebrations may not be as spectacular this year as some may have hoped due to logistical and supply constraints causing a fireworks shortage worldwide. People looking to purchase fireworks for the Fourth or for future pyrotechnic celebrations should stock up, Stephen Pelkey, CEO of Atlas PyroVision Entertainment Group, told Yahoo Finance Live. “The only way to get around [the shortages] is if you’re going to need fireworks for the Fourth of July, buy it early, if you’re… Source link

The World Health Organization’s decision to encourage those who are fully vaccinated to wear masks as a result of the highly transmissible Delta variant is “a good idea,” according to University of Arizona College of Medicine-Phoenix’s Dr. Shad Marvasti. “We don’t want to wait until after the fact and get caught with this thing already ahead of us when we know that masks work,” Marvasti told Yahoo Finance Live. “To put this in context, the Alpha variant, which originated out of… Source link

Home price growth in the U.S. surged in April at a pace not seen in more than 30 years. Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 14.6% annual gain in April, up from 13.3% in March — marking the 11th straight month of accelerating prices. The 20-City Composite posted a 14.9% annual gain, up from 13.4% a month earlier. The results far outpaced analysts’ expectations of a 14.7% annual gain, according to Bloomberg consensus… Source link

Walmart (WMT) is launching the first-ever and only private brand analog insulin, offering a steep discount on the prescription used to control high blood sugar in millions of diabetes patients. The new brand, ReliOn NovoLog, includes analog insulin vials retailing for $72.88 and a FlexPen selling for $85.88, translating to savings of 58% and 75%, respectively, on the current cash price of branded insulin products when not using insurance. According to Walmart, that works out to be savings of… Source link