Yahoo News

Three months ago, President Biden assured his fellow Americans that a surge in inflation was “temporary.” The Federal Reserve largely concurred. Now, Biden and the Fed either have to redefine “temporary” or come up with a different narrative. Overall inflation hit 6.2% in October, the highest level of price hikes in 31 years. More concerning than the topline number are new indications that rising prices are becoming a permanent feature of the economy instead of a fleeting anomaly…. Source link

Serial entrepreneur Gary Vaynerchuk understands that some people don’t get all the hoopla around non-fungible tokens (NFT) and even some who “think I’m a snake oil salesman” for promoting them. But buckle up, he says, like it or not, NFTs are going to be a part of everyone’s daily life sooner than many might think. “It is the holy grail for humans, it’s just that we’re the fortunate humans that are here when it’s being invented,” he said Tuesday at “Crypto Goes Mainstream”… Source link

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 Wednesday, November 10, 2021 A lot for regulators to chew on, but for crypto the same old menu may not do  On Tuesday, Yahoo Finance joined Decrypt in an effort to spotlight all the ways in which cryptocurrency is now going mainstream. And there are no shortage of headlines trumpeting the ways in which digital coins are capturing the public’s… Source link

Let’s talk about rising markets, and whether or not to buy in. That’s the question that investors need to consider right now, as the major indexes have hit record highs – but the economy is flashing signs of concern for those who care to look. Inflation continues to rise, and the 10-year Treasury bond yield, which had risen above 1.5%, has slipped to 1.4% and is trending down. Investors are seeking returns, and so are drawn to the stock markets; they’re banking that central banks will… Source link

Stock futures opened slightly lower Tuesday evening to hold below record levels, with investors fixing their attention on a key inflation report due for release Wednesday morning.   Contracts on the S&P 500 ticked down, after the index closed out its first session of losses following eight straight days of gains. The Dow and Nasdaq had each also ended the session lower to pause after a record-setting run-up.  One of the most closely watched reports due for release Wednesday morning will be… Source link

Step up your crypto game John and Jane Doe regulator, says one high-ranking executive at cryptocurrency Ripple. “I think the U.S. regulators in particular need to get with the program and come up with more proactive regulation,” said Asheesh Birla, RippleNet general manager, at the Yahoo Finance/Decrypt crypto investing conference on Tuesday. Birla pointed out that much of Ripple’s cross boarder payment volume is concentrated overseas, reflecting a better regulator framework.  “Countries like… Source link

(Bloomberg) — Elon Musk has lost $50 billion so far this week after Tesla Inc. shares plunged for the second day in a row. Most Read from Bloomberg It’s the biggest two-day decline in the history of the Bloomberg Billionaires Index, and the biggest one-day fall after Jeff Bezos’s $36 billion plunge following his divorce from MacKenzie Scott in 2019. Tesla’s rout comes amid a tumultuous few days for the automaker. It started when Musk asked his Twitter followers over the weekend whether… Source link

Delivered record revenue of $58.1 million, generated $13.5 million in GAAP net income and $24.3 million in adjusted EBITDA;Fourth consecutive quarter of best-in-class organic revenue growth over 50%, net margin over 10%and adjusted EBITDA margin over 30%;Raising full year 2021 financial outlook NO-HEADQUARTERS/REDWOOD CITY, Calif., Nov. 09, 2021 (GLOBE NEWSWIRE) — PubMatic, Inc. (Nasdaq: PUBM), a sell-side platform that delivers superior outcomes for digital advertising, today reported… Source link

A new Bank of America (BAC) Global Research report found a rising supply of Uber (UBER) drivers was the main driver of the company’s first profitable quarter. “We see Uber as the top Internet stock in our coverage universe for Urban reopening and improving labor conditions and think multiple expansion is possible on market share gains,” BofA analyst Justin Post wrote in the report released Monday. The report noted that a higher-than-expected mobility take rate, which measures how much… Source link

Gary Vaynerchuk is a serial entrepreneur who has developed a huge following online with a prolific posts and initiatives touching on communications, sports, and digital advertising. But these days he’s all in on crypto – specifically the world of non-fungible tokens (NFT). His project, called VeeFriends, is built around collecting these digital assets and then cultivating an “extraordinary community” around them. It’s where he is putting his energy even as he predicts that “an NFT… Source link