Dive Brief: Yahoo is partnering with e-commerce platform MikMak to offer add-to-cart functionality and analytics for advertising campaigns on its properties, including Yahoo Finance, TechCrunch and AOL, according to an announcement. CPG advertisers can now offer consumers a multi-retailer checkout experience directly from their ads on Yahoo, allowing website users to buy from their preferred source. The deal also gives brands access to MikMak Insights to assess… Source link
Read More »This stock has plunged 50% in two months, now one top analyst says buy it
With shares of newly minted IPO Allbirds (BIRD) down a whopping 50% from their highs on Nov. 3, Morgan Stanley says it’s time to go shopping for the stock. “Valuation appears compelling, at ~4 times consensus 2023 estimated EV/Sales compared to its ~10 times post-IPO high and peers with comparable revenue growth at 5 times plus. Tempered valuation makes for an attractive entry point, particularly as an opportunity for BIRD [exists] to accelerate revenue growth to 28% in 2022 estimated from… Source link
Read More »The number one question you must ask your financial advisor right now
With choppiness creeping back into the markets after a strong uptrend to round out 2021, there is one question you should probably ask your financial advisor before January ends. “I think the biggest question we are getting is how are you handling the volatility we are currently seeing in the markets,” ShoreHaven Wealth Partners founding partner Michael Durso said on Yahoo Finance Live. Judging by the market action to kick off 2022, most traders are being caught asleep at the wheel. After… Source link
Read More »Here’s the biggest risk with what the Federal Reserve is about to do: Mohamed El-Erian
If the Federal Reserve is too heavy-handed with its interest rate hikes this year as a means to stomp out high rates of inflation, there is one critical risk that most investors probably aren’t factoring in. Recession. “That is the risk [of a recession in 2023],” said Mohamed El-Erian, Queens’ College, Cambridge University president and Allianz advisor, on Yahoo Finance Live. “We haven’t had a situation in the past in which the Fed has been really late [with rate hikes] and the Fed hasn’t… Source link
Read More »Cathie Wood’s flagship Ark ETF off to a rough start to 2022 — down 45% from its peak
With every new year comes a clean slate. For Cathie Wood’s Ark Invest, that doesn’t seem to be the case. The firm’s beaten-down Ark Innovation Fund (ARKK) has hit a new low in 2022 — already. After shedding 7% in Wednesday’s sell-off, the fund is down 9% this week so far and 45% from its peak in February 2021, with the decline marking its worst drawdown since inception in 2014. A rout in growth-oriented stocks that has battered ARKK was made worse on Wednesday as investors mulled the… Source link
Read More »Bitcoin price tumbles and ‘no signs of a decisive reversal in sight,’ hedge fund risk manager says
Crypto investors have cashed out over $135 billion dollars from the asset class so far in 2022, according to Coinmarketcap market cap data, and bitcoin (BTC-USD) is down around 7% year-to-date and hovering around $43,000 as of Thursday at 10 AM ET. “There are no signs of a decisive reversal in sight,” Mikkel Morch, executive director at digital assets hedge fund Ark36, told Yahoo Finance when asked about the largest cryptocurrency’s recent price action relative to its drawdown over the past… Source link
Read More »What iPod inventor Tony Fadell says he learned from Steve Jobs – Yahoo Finance
The titanic, albeit controversial legacy of late Apple (AAPL) co-founder Steve Jobs drew renewed interest this week when the tech giant became the first company to reach a market capitalization of $3 trillion. The feat owes in no small part to the development of the iPod and iPhone — both overseen by Jobs — which shaped the behavior of billions of people across the globe in how they listen to music and connect with loved ones. In a new interview, former Apple engineer Tony Fadell — who’s… Source link
Read More »Google and Facebook Hit With Fines for Making It Difficult to Reject Cookies
Text size Google said it would change its practices following the French ruling. Ore Huiying/Bloomberg Google… Source link
Read More »Crypto scams, hacks cost investors $14 billion in 2021
Soaring retail and institutional interest in cryptocurrency last year also led to a boom in criminal activity that cost investors billions, underscoring the urgency of efforts to regulate the digital coin movement. According to research firm Chainalysis, cryptocurrency addresses associated with illegal activity accumulated $14 billion. But when weighted against all cryptocurrency activity, the figure accounted for a relatively paltry 0.15% of total funds changing hands on any blockchain —… Source link
Read More »Another 207,000 Americans filed new claims last week
New unemployment claims rose but remained near a 52-year low last week, with the weekly pace of new claims holding below pre-pandemic levels as the labor market sees job openings near a record high. The Labor Department released its latest weekly jobless claims report Thursday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg: Initial jobless claims, week ended Jan. 1: 207,000 vs. 195,000 expected and a revised 200,000 during… Source link
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