Tag Archives: Expected

Amid a strained period for supply chains across the country, UPS looks like a bright spot for investors, according to a new note from Stifel. Stifel upgraded the stock from Hold to Buy, noting that “there’s a lot to like about the fundamental UPS story right now,” raising its target price to $224. “I’d say that UPS is in the best position or at least one of the best positions” amid the holiday shopping season, Stifel’s Bruce Chan said on Yahoo Finance Live. “When you’re looking at the kind of… Source link

In July, major crypto lender BlockFi officially launched its credit card that lets customers earn cryptocurrency rewards based on spending. Today, the company said the number of BlockFi cardholders has grown to over 50,000 in the last three months. Unlike cryptocurrency debit cards offered by companies like BitPay and Coinbase – which let customers spend their crypto – the BlockFi credit card incentivizes users to spend U.S. dollars in order to earn crypto. BlockFi first announced its… Source link

Regulatory risk is something any pertinent investor should take into account when making decisions, especially when it comes to companies based in China. The world’s most populous country’s government frequently involves itself in the business happenings of several publicly traded companies. Most notable are the threats made against the ride-sharing company Didi Global Inc. (DIDI), causing share prices to dramatically slide. While safe for now, these risks have been weighing on the… Source link

Equities research analysts predict that Yandex (NASDAQ:YNDX) will report earnings of $0.39 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Yandex’s earnings. Yandex reported earnings of $0.09 per share in the same quarter last year, which would indicate a positive year over year growth rate of 333.3%. The firm is expected to issue its next quarterly earnings results on Tuesday, July 27th. On average, analysts expect that… Source link

Kevin Durant is expected to commit to Team USA Basketball for next month’s Tokyo Olympics, Shams Charania reported for the The Athletic and Stadium.  Durant and the Brooklyn Nets were eliminated from the NBA playoffs in Game 7 of the Eastern Conference semifinals on Saturday night. With a shortened offseason as the NBA gets back to its standard season tip-off time following the height of the COVID-19 pandemic, many NBA stars may opt not to represent the U.S. this summer. Kevin Durant, Nets… Source link

Initial unemployment claims likely dropped for a seventh straight week to a fresh pandemic-era low, with the number of newly unemployed individuals trending down as economic activity ramped further. In the coming weeks, a phase-out of enhanced unemployment benefits across many states may further decrease the total number of claimants.   The Department of Labor is set to release its weekly report on new jobless claims on Thursday at 8:30 a.m. ET. Here are the main metrics expected from the… Source link

Yahoo Entertainment Helen Hunt wanted to direct a ‘Twister’ sequel ‘with all black and brown storm chasers’ but got denied On Watch What Happens Live Thursday, when a conversation with Actress Helen Hunt turned to sequels, host Andy Cohen mentioned the often discussed possibility of a Twister sequel. And wouldn’t you know it? Hunt actually had a pretty interesting idea for one, and it included her directing and co-writing alongside Daveed Diggs and Rafael Casal. “I tried to get it… Source link

GameStop (GME) reported fiscal first-quarter results that reflected improved sales and narrowing losses, even as many investors continue to fixate on the company’s “meme stock” clout over business performance. The company also announced two Amazon veterans would be joining the company as chief executive officer and chief financial officer. Shares traded 5% lower during the after hours session before paring some losses. Here were the main results from GameStop’s report compared to consensus… 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

Bloomberg Is Gold Set to Tear Even Higher? Four Key Charts to Watch (Bloomberg) — Just when the vaccine rollout and economic optimism left gold looking like last year’s metal, it staged a recovery.Bullion is one of the best-performing commodities this month, erasing almost all of this year’s losses. Investors have been lured back by gold’s appeal as an inflation hedge, while the Federal Reserve maintains its monetary stimulus and says price pressures should prove temporary. Spot gold… Source link