Soon after Amazon (AMZN) chairman and founder Jeff Bezos returned to Earth from space on Tuesday, the billionaire received sharp criticism from progressive Senator Elizabeth Warren (D-MA) contrasting the low tax bills paid by him and Amazon with those borne by everyday Americans who “keep this country running.” The criticism came in response to remarks made by Bezos thanking Amazon customers and employees whose purchases and work “paid for” the space expedition, which was carried out by… Source link
Read More »How to find bitcoin and other crypto asset ‘fundamentals’: Goldman Sachs
Bitcoin cryptocurrency coins and a PC motherboard are pictured in Kyiv on 19 July, 2021. (Photo by STR/NurPhoto via Getty Images) Valuing a cryptocurrency is not nearly as simple as valuing a stock. A stock is a piece of a company, and you can look at what the company owns and its revenue, costs, profits, and trends to determine some sort of estimate of its worth. For crypto, it’s far more nebulous since coin values aren’t usually connected to revenues, profits, or any of the usual… Source link
Read More »‘A perfect storm is brewing’ in certain parts America, health official explains
Unvaccinated individuals are experiencing a sharp rise in new coronavirus cases as the Delta variant becomes increasingly pervasive across the U.S. According to CDC Director Rochelle Walensky, the Delta variant now accounts for 83% of all COVID cases in the U.S., a 33% increase from two weeks ago. Walensky added that 99.5% of all COVID-related deaths in the country over recent months have been among unvaccinated Americans. “This is a critical time during our pandemic and particularly we… Source link
Read More »Biden to nominate Google critic Jonathan Kanter to lead DOJ antitrust division
President Joe Biden will nominate Jonathan Kanter, an ardent Google critic and competition lawyer, to lead the Justice Department’s antitrust division, as first reported by Bloomberg on Tuesday. Kanter has a long history of representing companies in competition cases against Google, and he opened his own law firm last year. If confirmed by the Senate, Kanter would take the helm on a slate of cases against big tech companies led by the Justice Department, including a monopoly lawsuit… Source link
Read More »Google is bundling three months of HBO Max with the Chromecast for $64.99
Google has started selling a new bundle that gives you some premium entertainment to go along with the company’s Chromecast streaming gadget. For $64.99, you’ll get both the Chromecast with Google TV and three months of HBO Max. The device usually retails for $49.99, and HBO Max’s ad-free tier costs $14.99 per month, so you’re basically getting two months of the service for free. As usual with this sort of thing, the deal is only available for new subscribers of HBO Max; existing… Source link
Read More »Netflix reports Q2 earnings today — Here’s what analysts expect
Netflix (NFLX) is set to announce its Q2 2021 earnings after the closing bell on Tuesday, with investors looking to see if the streaming giant can recover after missing analysts’ expectations by nearly 2 million subscribers in Q1. Here’s what Wall Street is expecting from the company as compiled by Bloomberg versus how it performed in the same quarter last year. Revenue: $7.32 billion expected versus $6.14 billion in Q2 2020 Earnings per share: $3.14 expected versus $1.59 in Q2… Source link
Read More »Stock market is at risk of a correction if this happens amid the spread of the Delta variant
Most Wall Street strategists agree that Monday’s market rout — fueled by yawning worries about the fast-spreading COVID-19 Delta variant — should serve as a wake-up call to investors who have sent stock prices to record valuations. And they also generally agree on what could send stocks spiraling even lower from here — a subpar second quarter earnings season chock-full of concerning guidance due to the ongoing uncertainty of the pandemic. “This market is vulnerable to a bigger… Source link
Read More »Restaurants ‘have no choice’ but to raise wages even more, strategist says
The clearest sign that the leisure and hospitality labor shortage isn’t yet easing — at least in the short term — is the rise in employee wages. As vaccination rates climb and more Americans dine out, restaurants can’t find enough cooks, waiters, and dishwashers to keep up with demand. Restaurants “have no choice” but to raise wages, BTIG Managing Director Peter Saleh told Yahoo Finance Live this week. “They need to increase benefits to attract employees or else they can’t serve… Source link
Read More »What Bezos, Musk, and Branson are each trying to achieve
On the morning of Tuesday, July 20, former Amazon (AMZN) CEO Jeff Bezos, along with passengers Mark Bezos, Wally Funk, and Oliver Daemen, took to the skies and beyond aboard Blue Origin’s New Shepard suborbital launch vehicle. Bezos’ maiden voyage came just over a week after English business magnate and founder of the Virgin Group (VGII) Sir Richard Branson’s July 11 spaceflight aboard Virgin Galactic’s (SPCE) VSS Unity spacecraft. VAN HORN, TEXAS – JULY 20: The New Shepard Blue Origin… Source link
Read More »Moderna stock ‘has taken on a life of its own’ ahead of S&P 500 entrance
Moderna (MRNA) is set to join the S&P 500 index on Wednesday, replacing Alexion Pharmaceuticals Inc. (ALXN). The stock has soared amid the pandemic after its vaccine became instrumental in the fight against coronavirus. Moderna stock has “taken on a life of its own,” Michael Yee, Managing Director and Senior Research Analyst at Jefferies, told Yahoo Finance (video above). “It’s priced in a huge amount of assumptions over the next ten years that haven’t played out yet. People believe… Source link
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