Tag Archives: Finance

TipRanks Boston Beer Earnings Losing Their Fizz The earnings season saga continues, and it isn’t always pretty. The Boston Beer Company, Inc. (SAM) reported missed consensus expectations last Friday, to the dismay of investors. Missing on earnings is one thing, but cutting guidance is another. The company downgraded its future outlook, and shares tumbled more than 26% on the news. (See Boston Beer Company stock charts on TipRanks) Elaborating on the event is William Kirk of MKM Partners, who… Source link

Square’s CEO, Jack Dorsey, is a big believer in the future of bitcoin. That’s why Square (SQ) has been investing both directly and indirectly in digital currency. The company invested $50.0 million and $170.0 million in bitcoin in the fourth quarter of 2020 and the first quarter of 2021, respectively, doubling down as the price of the digital currency dropped. Meanwhile, Square has been investing in technology that eases bitcoin transactions. For example, its Cash App allows peer-to-peer… Source link

Former female employees of Activision Blizzard (ATVI) are coming forward to share their experiences at the company after a California state agency filed a civil rights lawsuit against the gaming giant alleging widespread sexual harassment and gender and racial discrimination. The suit, which seeks compensatory and punitive damages, as well as unpaid wages, has kicked off a firestorm against the “Call of Duty” and “World of Warcraft” maker, with users across social media platforms… Source link

UNITED STATES – JUNE 10: Sens. Ted Cruz, R-Texas, left, and Bill Hagerty, R-Tenn., are seen in the senate subway during a vote in the Capitol on Thursday, June 10, 2021. (Photo By Tom Williams/CQ-Roll Call, Inc via Getty Images) In a functioning democracy, taxpayers fork over some money to the government and get useful things like roads and bridges in return. Republicans in Congress don’t see it that way. The so-called “bipartisan infrastructure framework,” or BIF, that 20-something… Source link

Enterprise software company Oracle (ORCL) in recent days formed a partnership with an outfit that will strengthen its blockchain-related services, and Bank of America launched a cryptocurrency research team — the latest signs of major firms embracing decentralized finance. Blockchain can claim another believer among the nation’s top financial institutions in Franklin Templeton (BEN) CEO Jenny Johnson, whose fund manages more than $1.5 trillion in assets. Johnson told Yahoo Finance in a… Source link

Associated Press Japan’s gov’t sees Taiwan tensions as regional security risk Japan believes rising tension surrounding Taiwan requires its attention “with a sense of crisis” as China intensifies military activities in the area and the United States steps up support for the self-governing island. Japan’s concerns about Taiwan, Beijing’s growing rivalry with the United States and China’s increasingly assertive military actions in the region were added in an annual Defense Ministry… Source link

HOUSTON, TX / ACCESSWIRE / July 6, 2021 / Recruiter.com Group, Inc. (NASDAQ:RCRT), an on-demand recruiting platform, discussed the results of its June 2021 Recruiter Index®, a monthly survey of Recruiter.com’s network of more than 28,500 independent recruiters and talent acquisition specialists, live on CNBC and Yahoo Finance. While the survey results suggest that recruiter confidence is high, they also indicate that talent shortages still plague many employers and industries. Overall… Source link

A reverse mortgage loan is a potential way for an American senior at or over the age of 65 to tap into their home’s equity to help with their goals in funding retirement, and can provide a viable option for those seeking to bolster their cash flow while living on a fixed income. However, there are potential drawbacks that need to be considered prior to entering into such a loan. This is according to a column published by GOBankingRates and appearing in Yahoo Finance. One thing that… Source link

The New York Times A Fourth of July Symbol of Unity That May No Longer Unite SOUTHOLD, N.Y. — The American flag flies in paint on the side of Peter Treiber Jr.’s potato truck, a local landmark parked permanently on County Route 48, doing little more, he thought, than drawing attention to his family’s farm. Until he tried to sell his produce. At a local greenmarket where he sells things such as wild bergamot, honey and sunflowers, he had trouble striking a deal until, he said, he let his… Source link

Reuters Tesla top-of-range car caught fire while owner was driving, lawyer says A Tesla Inc Model S Plaid electric vehicle burst into flames on Tuesday while the owner was driving, just three days after the $129,900, top-of-the-range car was delivered following its June launch, an attorney for the driver told Reuters. The driver, identified as an “executive entrepreneur”, was initially not able to get out of the car because its electronic door system failed, prompting the driver to “use force… Source link