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The stock market’s all-time highs are doing wonders for workers’ 401(k)s, with the largest number of 401(k) and IRA millionaires in history, according to Fidelity data. As a result, many people are dropping out of the workforce to retire earlier than planned, turning their backs on a job seeker’s market. The Federal Reserve is letting the economy run especially hot in an attempt to bring back people into the workforce, Oxford Economics’ senior economist Bob Schwartz wrote in a note to… Source link

Serena Williams won’t be making history at Wimbledon this year. In the middle of the first set of her Round 1 match against Aliaksandra Sasnovich, Williams slipped on the grass while planting one of her legs, injuring her knee.  Williams exited briefly to be treated by a trainer. She returned and attempted to continue the match, in tears as she tried to serve without putting any extra weight on her injured leg. She was able to manage for a short while, but suddenly crumpled to the ground in… Source link

Goldman Sachs’ closely watched chief U.S. equity strategist David Kostin isn’t ruling out more upside for the stock market into year end, but he does acknowledge gains will be tougher to generate.  “You’ve got two big headwinds facing the market in the next six months that I think is likely to restrain the appreciation. The first issue is higher rates [interest]. The idea of higher rates is typically associated with some lower valuations,” Kostin said on Yahoo Finance Live.  Kostin says the… Source link

As Bitcoin and other digital coins rise in popularity, so have the number of gripes with the largest cryptocurrency exchange in the U.S., according to a new study. Coinbase was the most complained-about crypto digital wallet in the Consumer Finance Protection Bureau’s complaint database, according to a study done by the U.S. Public Interest Research Group, with the volume of filings — albeit starting at a low level — accelerating this year.  “Coinbase should be investigating consumer… Source link

As COVID-19 restrictions loosen across the United States, the hospitality industry — which was walloped by the pandemic — is experiencing a new challenge: too few workers available to address soaring demand for dining out. A furious debate is underway over what’s behind the labor shortage, which is prompting restaurants to adapt by modernizing with kiosks and digital ordering. Many are biting the bullet and ponying up more in compensation just to attract employees.  “A lot of us are… Source link

A day after Tesla (TSLA) CEO Elon Musk turned the big 50, UBS is sending him a belated digital birthday gift.  UBS analysts led by Patrick Hummel slashed the firm’s price target on Tesla’s stock to $660 from $730. The group maintained its Neutral rating on Tesla shares. But, the analysts cut their EPS estimates for 2021 by 11% and by 10% for 2022. In an extensive dive into the EV industry’s outlook, UBS voiced several noteworthy concerns for the diehard Tesla bulls.  “While results from our… Source link

Where does your enterprise stand on the AI adoption curve? Take our AI survey to find out. In May during its Google I/O 2021 developer conference, Google demoed multitask unified model (MUM), a system trained on 75 languages at once that can simultaneously understand different forms of information including text, images, and videos.  Today, Google revealed that it’s using MUM to identify variations in the names of COVID-19 vaccines across multiple languages, which the company… Source link

Goldman Sachs thinks it’s time to back up the dump truck on still fundamentally beat up industrial giant General Electric (GE).  The call: GE may not be so fundamentally beat up for much longer.  “We view GE as the ultimate self-help, re-opening levered story in Industrials,” said Goldman Sachs analyst Joe Ritchie in a new research note on Tuesday. The analyst slapped a $16 price target on GE’s stock, representing about a 22% upside from current levels.  Shares rose 1.3% to $13.06 in early… Source link

Independence Day celebrations may not be as spectacular this year as some may have hoped due to logistical and supply constraints causing a fireworks shortage worldwide. People looking to purchase fireworks for the Fourth or for future pyrotechnic celebrations should stock up, Stephen Pelkey, CEO of Atlas PyroVision Entertainment Group, told Yahoo Finance Live. “The only way to get around [the shortages] is if you’re going to need fireworks for the Fourth of July, buy it early, if you’re… Source link

The Hourly View for YNDX At the moment, YNDX (Get Ratings)’s price is up $0.25 (0.36%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration… Source link