Yahoo News

Bitcoin’s (BTC-USD) price plunged 28% this week, this most recent meltdown spurred by an announcement from China and an Elon Musk tweet. The controversial crypto is now losing even more love on Wall Street a day after UBS’s CIO Mark Haefele questioned the need to own bitcoin in a portfolio. In a note published Thursday, Deutsche Bank analysts joined the conversation with a research note entitled “Bitcoin: Trendy is the last stage before tacky,” quoting the late fashion icon Karl… Source link

Wall Street benchmarks advanced on Thursday, with investors reacting to jobless claims falling to a new COVID-19 era low, but wary of rising inflation may force the Federal Reserve to normalize monetary policy sooner rather than later.   Good news on the labor market came from government data that showed workers filing for new unemployment benefits fell further below 500,000 in the latest week. Jobless claims set their lowest levels in more than a year as the labor market continued to heal… Source link

Apple’s (AAPL) newest Apple TV 4K hits the market Friday with a new processor, slick color calibration capabilities, and an overdue upgrade for the Siri remote. It’s a notable array of updates that make the Apple TV 4K quite the remarkable streaming box. Starting at $179 with 32GB of storage or $199 with 64GB, the Apple TV 4K does more than stream shows and movies; it lets you control your smart home devices, play games, and work out with Apple Fitness+. The streaming box market, though,… Source link

The king of oat milk Oatly (OTLY) has big plans on how it will spend the $1.43 billion or so it raised from a well-received IPO on Thursday.  Investors should expect an ambitious plan to expand manufacturing capacity to meet strong demand for Oatly oat milk, long-time CEO Toni Petersson said on Yahoo Finance Live.  “It’s to build supply, to build out our production capacity across the three continents,” Petersson said, referring to the use of its new capital infusion. Petersson — who has… Source link

TipRanks Billionaire Ray Dalio Pulls the Trigger on 3 “Strong Buy” Stocks There are experts out there in the stock market whose investing moves command respect. They’ve earned this through the long-term cultivation of a reputation for true savvy in finding solid returns – and few of these experts have the stature of billionaire financier Ray Dalio. Dalio got his start trading commodity futures on Wall Street, and in 1975 he founded Bridgewater Associates from his New York City… Source link

Ford CEO Jim Farley is sending a clear message to those on Capitol Hill who are tepid to support President Joe Biden’s investments in America’s electric vehicle infrastructure.  Either sign-off on the funding, or risk America falling further behind in an EV race being won at the moment by China.  “I think it’s time for us to be competitive [on electric vehicles]. We have got to be globally competitive in batteries. All the chip manufacturing, some of it has to come back to the U.S. This is a… Source link

(Bloomberg) — It began with a group of scientists and a wild idea: That the byproduct remaining after making oat bran could be turned into non-dairy milk. That idea became the foundation of Oatly Group AB, the Swedish oat milk company that debuted Thursday in New York after raising $1.4 billion in an initial public offering. The share sale cements the fortunes of one of the scientists, Rickard Oste, and his brother Bjorn Oste, who co-founded the Malmo-based company. The American depositary… Source link

Bloomberg Don’t Fear the Taper: Fed to Dominate Treasury Market for Years (Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Treasury investors fretting about when the Federal Reserve will scale back its bond purchases may be missing the bigger picture: Its more than $5 trillion stockpile will make it a major force for years to come.The prospect of a pullback in buying edged a little nearer Wednesday when minutes of the Federal Open… Source link

Andy Cohen is talking about diversity within The Real Housewives franchise. Cohen, who executive produces the series and hosts the reunion specials, appeared on Garcelle Beauvais‘s podcast and was asked why it took so long to have a Black cast member on the Beverly Hills franchise — and when viewers will see an all-gay cast. Cohen said on Going to Bed with Garcelle that it took to Season 10 of Bravo’s RHOBH, in 2019, to add Beauvais as the first Black woman in 10 seasons because they were… Source link

Shuffle Up season is here. How would we rank and sort players if a fantasy league were assembling from scratch right this second? That’s what I’m trying to figure out. Included on this list is everyone roster-worthy who qualifies at outfield in the Yahoo game. I will not debate ranks on injured players. Of course, baseball is most fun when the best players are healthy and doing their thing; I root for everybody. But these weekly staples are not meant to be injury arguments. If you have… Source link