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Michael Burry’s ‘mother of all crashes’ warning is still in play — but here are 3 stocks he’s bullish on “The Big Short” guy is sounding the alarm again. Michael Burry, the hedge fund manager who famously bet against the country’s housing market in 2008, recently proclaimed in a since-deleted tweet, “Bond & stock markets depend on a Fed stripped of all credibility.” It’s not his first warning. “All hype/speculation is doing is drawing in retail before the mother of all… Source link

Yandex NV (NASDAQ: YNDX) acquired electric scooter rental company Wind, adding to its taxi and food delivery services, Reuters reports. The acquisition will include Wind’s e-scooters hardware, its R&D capabilities, and operations in Israel. The financial terms of the transaction remain undisclosed. Wind, which operates around 4,500… Source link

Yahoo Inc. successor entity Altaba Inc. must set aside $400 million as it dissolves to cover the “unlikely” event that an appeals court overturns a $118 million data breach settlement it’s splitting with Verizon Communications Inc., which bought and resold the Yahoo brand, a Delaware judge ruled. Vice Chancellor J. Travis Laster directed Altaba to add $341 million to the $59 million it previously reserved to fund the data breach settlement. Altaba is a holding company partway through… Source link

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We recently learned that Alphabet‘s (NASDAQ:GOOGL)(NASDAQ:GOOG) Google is abandoning plans to create its own bank accounts, and Industry Focus host Jason Moser and Fool.com contributor Matt Frankel, CFP, discuss what investors need to know. Also, despite rising wages and lower interest rates, home affordability in the U.S. is at its worst level since the financial crisis. And finally, Matt discusses why SoFi (NASDAQ:SOFI) is the stock he’s most… Source link

It’s time to go all in on shares of MGM Resorts (MGM), contends Credit Suisse analyst Benjamin Chaikin.  The analyst hiked his rating on the casino operator to out-perform from neutral on Tuesday, citing the market overlooking several key upside catalysts.  “MGM has gone through a transformation, recently announcing four transactions, and we believe the market is not giving full credit. Pro forma, we see three drivers of upside: (1) a cleaner more simplified organization with a more… Source link

As the Apple v. Epic Games lawsuit goes under appeal, Google on Monday afternoon filed an answer and counterclaim in the Epic Games’ antitrust litigation against the company. The tech giant and Android maker denies Epic’s allegations of antitrust behavior and instead says that it’s owed relief, as Epic Games breached the Google Play Developer Distribution Agreement (DDA) by allowing Fortnite players who download the app through Google Play to use Epic’s own payment processing… Source link

While cryptocurrency has the ability to improve the global payment system, digital coins still pose considerable challenges to market conditions worldwide, the International Monetary Fund warned in a new report on Tuesday. In its latest Global Financial Stability Report, the fund stated that risks stemming from the booming crypto trading and the proliferation of digital coins “appear contained for now,” but they should be monitored closely. As crypto grows in adoption, the potential impact… Source link

The Seattle Kraken, the National Hockey League’s 32nd team, will play its inaugural game on Tuesday night in Las Vegas. For the business minds behind the return of professional hockey to Seattle after a nearly century-long hiatus, the Kraken’s first game is a crucial step in a nearly $2 billion investment in the team. “When people think that there aren’t many opportunities left, we found this great frontier called Seattle,” Kraken CEO Tod Leiweke said on Yahoo Finance Live (video above)…. Source link

Russia’s Yandex acquires Israeli e-scooter company | WTVB | 1590 AM · 95.5 FM | The Voice of Branch County … Source link