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If you’re looking for penny stocks to buy right now, I’m sure you’ve seen plenty of attention placed on social media, namely Reddit. The phenomenon that began earlier in the year thanks to GameStop (NYSE: GME) stock has caused an avalanche of trading activity spilling over into other heavily shorted names. Whether you’re talking about beaten-down meat alternative stocks like Beyond Meat (NASDAQ: BYND) or bankrupt car rental companies like Hertz (OTC: HTZGQ), Redditors are going… Source link

Red Robin CEO Paul Murphy is banking on the labor shortage plaguing his chain — along with most in the fast food industry — ending well before year end.  “We see it [labor shortage] being under control and stabilized by early summer,” Murphy said on Yahoo Finance Live.  Red Robin Gourmet Burgers (RRGB) has had to reduce hours at some locations because of the inability to find new workers in an economy roaring back from the COVID-19 pandemic. In turn, that has weighed on sales for Red… Source link

By a vote of 54-35, the Senate on Friday blocked a bipartisan proposal to create an independent inquiry into what led a violent mob of Trump supporters to storm the U.S. Capitol on Jan. 6, temporarily halting the certification of the 2020 presidential election. Passage of the measure required 60 votes, but just six Republicans joined Democrats to vote in favor of the measure, which was passed in the House last week. “Donald Trump’s big lie has now fully enveloped the Republican Party,” Senate… Source link

Bloomberg Investment Firms Bet Against Cathie Wood’s Top ETF as Tech Faltered (Bloomberg) — Cathie Wood’s recent travails have been a boon for some of her peers in money management.About two dozen investment advisers including Balyasny Asset Management and a unit of Blackstone Group Inc. bought bearish put options during the first quarter on the Ark Innovation exchange traded fund, her firm’s main investment vehicle, regulatory filings show.While money managers often buy puts on ETFs to… Source link

A month has gone by since the last earnings report for Yandex (YNDX). Shares have added about 0.3% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Yandex due for a pullback? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Yandex’s Q1 Earnings Miss Estimates Yandex… Source link

On Thursday, President Joe Biden traveled to Ohio to make the case that the economy is headed in the right direction. “We’ve turned the tide,” he told the crowd in Cleveland. Shortly afterward, during an appearance on Yahoo Finance Live, one of his top economic advisers acknowledged that in areas like inflation and in the labor market, “there’s going to be some bumps in the road” as the economy continues to right itself following the pandemic. However, National Economic Council… Source link

A month has gone by since the last earnings report for Yandex (YNDX Quick QuoteYNDX – Free Report) . Shares have added about 0.3% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Yandex due for a pullback? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at its most recent earnings report in order to get a better handle on the important… Source link

Reuters U.S. lawmakers probe Kabbage, BlueVine and partner banks over pandemic loans -letters U.S. lawmakers have opened an investigation into financial technology companies Kabbage Inc and BlueVine and their partner banks for their roles in distributing billions of dollars in pandemic aid to small businesses, according to letters seen by Reuters. The loan scheme, known as the Paycheck Protection Program (PPP), has drawn criticism from regulators and the media for failing to implement… Source link

TipRanks Billionaire George Soros Picks Up These 3 “Strong Buy” Stocks Some investors achieve legendary status, rising far above their peers on a combination of luck and success. Perhaps no one exemplifies this more than George Soros, the Holocaust survivor who, after the war, earned a doctorate from the London School of Economics and went into the banking industry to make his mark. He was wildly successful. The hedge fund he founded, Soros Fund Management, earned an average annualized… Source link

Theranos founder Elizabeth Holmes exits Robert F. Peckham U.S. Courthouse after the first day of federal court hearings in San Jose, California, U.S. May 4, 2021. REUTERS/Kate Munsch Court documents filed Thursday in the federal criminal fraud case against former Theranos CEO Elizabeth Holmes reveal questions that her attorneys hope to pose in selecting the jurors who will decide the fate of the embattled Silicon Valley entrepreneur. The proposed questionnaire and jury instructions submitted… Source link