Yahoo News

The recently released Ford Mustang Mach-E is turning out to be something of a success. And rival Tesla (TSLA) is feeling the brunt of that increased competition — on the showroom floor. Looking at recent February auto sales data, analysts at Morgan Stanley discovered an interesting nugget. While battery electric vehicle (BEV) sales outpaced the total vehicle market by nearly 40% in February, Tesla’s BEV market share declined to 69% of the market, vs. 81% a year ago. Morgan Stanley… Source link

Bloomberg Zoom Founder Eric Yuan Transfers $6 Billion Worth of Shares (Bloomberg) — Eric Yuan, chief executive officer of Zoom Video Communications Inc., donated more than a third of his stake in the company, filings show.Yuan gifted almost 18 million shares of the conferencing-technology firm last week. The filings didn’t specify the recipient of the stock, which was owned by a Grantor Retained Annuity Trust, or GRAT, for which Yuan is a trustee.The shares were valued at about $6 billion,… Source link

(Bloomberg) — Tucked away among the Ford, Dodge and Chevy sedans, the 12,000-gallon storage container and the inoperable Caterpillar tractor being auctioned off by the U.S. government is an unusual item: 0.7501 of a Bitcoin. The U.S. General Services Administration typically uses its auctions to sell surplus federal equipment to the general public. With lot 4KQSCI21105001, which goes up for auction in a week, the government is offering an amount of Bitcoin worth about $38,000 at Monday’s… Source link

TipRanks JPMorgan Bets on These 3 Stocks; Sees Over 50% Upside Potential It’s time to check in with the macro picture, to get an idea of just where markets are headed in the coming months. That’s what a JPMorgan global research team, headed up by Joyce Chang, has been doing. The JPM team starts by noting the sell-off in US Treasury bonds last week, pushing up yields as investors acted in response to inflationary fears. However, the rise in bond yields steadied on Friday, and Chang’s team… Source link

Welcome to the Cannabis Countdown, the Legal Marijuana Industry’s Number One Curated Weekly News Recap. In This Week’s Edition, We Recap and Countdown the Top 10 Cannabis and Psychedelic Stock News Stories for the Week of March 1st – 7th, 2021. Without further ado, let’s get started. * Yahoo Finance readers, please click here to view the full article. 10. With U.S. Pot Stocks the Hot Theme of 2021, Here’s Why Red White & Bloom Could Be One of the Cannabis Sector’s Top… Source link

Bloomberg As IMF Talks Bog Down, Argentine Bonds Plunge Toward 30 Cents (Bloomberg) — Six months after Argentina exited default, its new bonds have sunk to a mere 30 cents on the dollar.The depressed price is, in fairness, partly the result of the basic mechanics of the securities — they carry artificially low interest rates and a generous grace period — but it also reflects a grim reality that’s setting in on creditors: The IMF deal that the country desperately needs is a long ways… Source link

Bloomberg China’s Yuan Becomes Latest Victim of Treasury-Led Selloff (Bloomberg) — The Chinese yuan erased all its gains against the dollar this year, the latest to fall prey to the Treasury-led global market selloff.The onshore yuan weakened as much as 0.5%, falling past the 6.5283 per dollar level it closed at last year. At its January peak, it was up 1.6% from 2020 as the economy rebounded and investors poured money into the Chinese bond market.Optimism over a global recovery from the… Source link

In honor of International Women’s History Month, Yahoo was thrilled to invite designer and illustrator, Jade Douglas to reimagine the Yahoo Logo. Inspired by the many unique experiences women face, Jade’s positive take on life helped inform the airy, illustrated nature of the redesigned logo. Coming from a creative home she was always encouraged to pursue her artistic nature and as a woman working in the technology industry, she was particularly inspired by the topic. “Every woman’s… Source link

Bloomberg As IMF Talks Bog Down, Argentine Bonds Plunge Toward 30 Cents (Bloomberg) — Six months after Argentina exited default, its new bonds have sunk to a mere 30 cents on the dollar.The depressed price is, in fairness, partly the result of the basic mechanics of the securities — they carry artificially low interest rates and a generous grace period — but it also reflects a grim reality that’s setting in on creditors: The IMF deal that the country desperately needs is a long ways… Source link

(Bloomberg) — Brent oil erased gains as the market shrugged off an attack on the world’s largest crude terminal in Saudi Arabia. Futures in London earlier surged above $71 a barrel, the highest since January 2020, before later trading below $70. The assault on a storage tank farm at the Ras Tanura terminal on Sunday was intercepted, Saudi Arabia said, and oil output appeared to be unaffected. Oil has rebounded this year amid OPEC+ supply cuts and recovering demand, with economies emerging… Source link