Pavel Byrkin/iStock Editorial via Getty Images Introduction Trading in Yandex (NASDAQ:YNDX) shares on the stock exchange is still suspended. Despite the fact that the company posted a strong 2Q report, I think that the company will face a high level of uncertainty and new risks in future periods. The company’s management refused to provide guidance and canceled the guidance that was published earlier. At the moment, the company has significantly reduced the investment program and focused on… Source link
Read More »Yandex: Unclear Cash Flow Outlook; Trading Suspended (NASDAQ:YNDX)
Pavel Byrkin/iStock Editorial via Getty Images Introduction Trading in Yandex (NASDAQ:YNDX) shares on the stock exchange is still suspended. Despite the fact that the company posted a strong 2Q report, I think that the company will face a high level of uncertainty and new risks in future periods. The company’s management refused to provide guidance and canceled the guidance that was published earlier. At the moment, the company has significantly reduced the investment program and focused on… Source link
Read More »AT&T Falls Most in 20 Years After Overdue Bills Hit Cash Flow
(Bloomberg) — AT&T Inc. fell the most in 20 years after saying some customers are starting to put off paying their phone bills, which contributed to the wireless carrier cutting its forecast for free cash flow this year by $2 billion. Most Read from Bloomberg The emerging economic strain on consumers is adding to pressure the company had already been facing from deep discounts on new phones and higher spending on network equipment. AT&T shares fell as much as 11%, their biggest slide since… Source link
Read More »‘You cannot stop the flow of our medicine to Russia’: Pfizer CEO Albert Bourla
Pfizer (PFE) announced it is halting new clinical trials in Russia and donating revenue from Russia to the Ukrainian cause, joining other big pharmaceutical companies. “Today we are announcing that effective immediately Pfizer will donate all profits of our Russian subsidiary to causes that provide direct humanitarian support to the people of Ukraine,” a company statement said. “Our medicines are medicines, not like [an] iPhone Pro, for example, or the new Mac,” Pfizer CEO Albert Bourla told… Source link
Read More »payment for order flow won’t change it
Widely followed investor Cathie Wood remains a holder of Robinhood (HOOD) even as the threat of a clampdown on payment for order flow by regulators looms as a key risk. The founder, CEO and CIO of Ark Invest said in an exclusive interview on Yahoo Finance Live that Robinhood is currently a 1% holding for her firm. Wood sent the market for Robinhood’s stock into a tizzy in early August after she revealed purchases of the trading platform’s stock after a disappointing IPO in late July…. Source link
Read More »