Tag Archives: hit

(Bloomberg) — Most Asian stocks rose early Monday after U.S. shares rallied to an all-time high on corporate earnings, though traders are also mulling China’s technology-sector crackdown and an upcoming Federal Reserve meeting. Japan jumped after reopening from a two-day holiday, Australia edged up and South Korea fluctuated. Futures slid in Hong Kong, where an index offering exposure to China’s internet giants is the world’s worst-performing major tech gauge. Beijing’s latest… Source link

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)    * Social media stocks rally after upbeat results    * AmEx jumps on blowout Q2 profit    * Intel sales forecast implies rocky second half    * Indexes up: Dow 0.51%, S&P 0.77%, Nasdaq 0.80% (Adds comments, updates prices to early afternoon)    By Devik Jain and Shreyashi Sanyal    July 23 (Reuters) – The S&P 500 and Nasdaq indexes hit record highs on Friday and were on… Source link

Moderna, which has seen its stock surge 250% over the past year as it helps vaccinate the world from the coronavirus, will officially enter the S&P 500 on July 21. The news sent shares popping more than 8% to $282 in Friday’s session as the stock will likely be purchased by fund managers who benchmark to the S&P 500. But Jefferies analyst Michael Yee tells Yahoo Finance Live he thinks the run in Moderna stock (MRNA) is far from done.  “Moderna is the Tesla of biotech,” says Yee, pointing to… Source link

Popeyes (QSR) is adding chicken nuggets to its menu, using the same recipe as the hotly-coveted chicken sandwich that’s been a runaway hit for the restaurant chain. The addition of the white meat chicken nuggets, with options ranging from 4 piece to 36 pieces, are set to hit menus beginning July 27 in the U.S., Canada and Puerto Rico.  The fast food giant is hopeful this launch will match the reception that greeted its fried chicken sandwich back in August of 2019.  That menu item sparked the… Source link

This month Wells Fargo (WFC) announced it was shutting down personal lines of credit, a lending product consumers could use to consolidate debt, pay for surprise expenses, or even use as a checking overdraft safety net.  The decision was made after an early 2020 review of its businesses, where the bank found that personal lines of credit weren’t as popular as loans, and only 40% of account holders had balances, a bank spokesperson told Yahoo Finance. (The main difference between a personal… Source link

The buzz lately has been all about growth. Stocks are high, and going higher. The gains we’re seeing now are the current extension of a long-term trend – markets have been rising for several years, and their derailment during last year’s corona crisis appears, in hindsight, to have been blip more than anything else. As President Kennedy said long ago, a rising tide lifts all boats – and right now, a savvy investor can find plenty of boats to jump on. So let’s go find some of those… Source link

Shortly after being entwined in a legal decision in the U.K., the Bitcoin.org website has faced another battle, this time on the technical front. According to the site’s pseudonymous operator, Cobra, Bitcoin.org was hit with an “absolutely massive” distributed denial of service (DDoS) attack. CoinDesk was able to access the site without issue. Decrypt reported on Monday that attackers had demanded 0.5 bitcoin ($17,012) to have the site’s services and operations restored to… Source link

Bloomberg Cathie Wood Inspires Boom in New Funds That Upend ETF Order (Bloomberg) — Not so long ago, actively managed ETFs were rare. Now they’re being created at twice the rate of their passive rivals.Inspired by the success of Cathie Wood’s ARK Innovation ETF (ticker ARKK), exchange-traded fund issuers have this year launched 115 active products versus just 51 passive funds, according to data compiled by Bloomberg.That’s the first time active launches have ever outstripped passive,… Source link

Even in a sweep, Nikola Jokic‘s MVP season ended earlier than expected. With his team down 3-0 in the Western Conference semifinals, the Denver Nuggets star was ejected from Game 4 for a flagrant 2 foul. Jokic received the foul for a hard blow to the face of Suns guard Cameron Payne, which was deemed to have “wind-up, impact and follow-through.” It would prove to be Jokic’s final play of the season: NBA replay center head Jason Phillips told the TNT broadcast that Jokic’s hit met the criteria… Source link

By Gertrude Chavez-Dreyfuss    NEW YORK, June 7 (Reuters) – Bitcoin funds and products posted record outflows last week as investors continued to cast a cautious eye on the world’s largest cryptocurrency, which has seen its upward momentum stall in the last few months, according to digital currency manager CoinShares data released on Monday.    Bitcoin outflows hit $141 million in the week ending June 4, representing 8.3% of the net inflows seen this year. For the year so far, bitcoin… Source link