Tag Archives: hot

Investors are chowing down on shares of newly minted publicly traded hot dog chain Portillo’s.  Shares of Portillo’s (PTLO) — a Chicago-founded outfit with a cult-like following across nine states — exploded more than 50% as investors ate up the stock on its first day of trading on Thursday.  “While we are a 58-year-old company, we are still infants when it comes to our growth inflection point,” Portillo’s CEO Michael Osanloo said on Yahoo Finance Live. Osanloo isn’t kidding when he said… Source link

The Ford F-150 Lightning electric pickup hasn’t even gone on sale yet, but demand is so red hot that the automaker is already ramping up production. The first Lightning prototypes are rolling off an assembly line in Dearborn, Mich. for real-world testing, with the truck arriving in dealerships this spring. But with 150,000 reservations already in hand for its inaugural EV pickup truck, Ford (F) announced Thursday that it will invest an additional $250 million and add 450 more jobs at three… Source link

The once red-hot SPAC market continues to be touch and go, at best.  Third quarter to-date, an average of six SPAC [special purpose acquisition company] IPOs have raised $1.2 billion in total capital each week, according to fresh data out of Goldman Sachs on Thursday. That pace is down sharply from the boom period seen in the first quarter, when an average of 21 SPACs raising $6 billion in capital came to market each week.  Goldman points to increased regulatory concerns — in part fueled… Source link

(Reuters) – Californian pot producer TPCO Holding Corp, better known as Parent Company, beat estimates for quarterly revenue on Monday as demand surged for weed-infused products during the pandemic. The Jay-Z-backed company also said Clorox Co executive Troy Datcher would replace Steve Allan as its chief executive officer, without giving a reason for the change. Formed earlier this year with the merger of a blank-check firm and three Californian cannabis companies, TPCO sells edibles, vape… Source link

Bitcoin’s price rose Friday, back above $46,000 after dipping as low as $43,800 the prior day.  The largest cryptocurrency by market value was trading close to its highest level in more than two months, sitting on a 60% year-to-date gain after rallying from a low around $29,000 as recently as June.  A key threshold is the 200-day moving average of the price, currently around $45,000.  Related: Cardano Jumps on Signals Smart Contracts Coming Next Month “The 200-day moving average is… Source link

On Monday, the hypercontagious Delta variant finally did what Joe Biden couldn’t: convinced 70 percent of U.S. adults to get vaccinated against COVID-19. Biden originally aimed to administer at least one vaccine dose to 70 percent of Americans 18 and older by July 4. But widespread vaccine hesitancy — particularly in conservative parts of the country — prevented the U.S. from meeting his deadline. Now Delta appears to be breaking down some of that resistance. A health care worker prepares… Source link

Nick Sauro, his wife, Ilone, and their twins, at their home in New Rochelle, N.Y., July 11, 2021. (Tony Cenicola/The New York Times) The first house was in Midvale, Utah — a three-bedroom, just over 2,100 square feet, listed for $479,000. Rob Ettaro and his girlfriend, Kaliana Veros, who had moved from western New York to Salt Lake City, drawn by career opportunities and the stunning scenery of the Wasatch Range, decided to make an offer. This was back in the wintertime, when the young… Source link

Tiffany Thompson’s condo in Indian Wells, California. Tiffany Thompson decided that a year of working from her Los Angeles home with her husband was too much of a good thing. A change of scenery and the ability to be apart on occasion in a home away from home seemed appealing. Plus, the Emmy-winning freelance TV producer and her husband, Chase Kopecky, an editor at ABC Network Television, had been saving money. “I was making more money than normal because I was able to do multiple projects at… Source link

Eric Lindquist brings you his MLB DFS picks for Round 15 of the MLB Yahoo Cup Daily Fantasy Baseball, including Carlos Correa today | 7/2/21 Welcome to the MLB Yahoo Cup Hot Corner! This free-to-enter, single-entry contest consists of 27 rounds where the top 1,075 overall entries and the top 70 entries per round share $10,000, with $1,000 to first and $50 to first per round. Scoring will be cumulative across all rounds, with your seven lowest scores dropped at the end. You may join this… Source link

A top Federal Reserve policymaker cautioned that skyrocketing home prices could jeopardize progress on recovering the millions of American jobs lost in the pandemic. Federal Reserve Bank of Boston President Eric Rosengren told Yahoo Finance Friday that the hot real estate market is “not at a point where we should be panicked.” But Rosengren said the Great Depression and other downturns were examples of economic expansions that died at the hands of a real estate bubble. “The last thing we… Source link