Tag Archives: Industry

Securities & Exchange Commission Chair Gary Gensler suggested Wednesday in an exclusive interview with Yahoo Finance Live failed crypto exchange FTX violated securities laws by using customer assets to trade at its affiliated hedge fund, Alameda Research. “I can’t speak to any one case or any one situation, but our securities laws say that you need to properly segregate customer funds,” Gensler said. “You also shouldn’t be running a broker dealer or a hedge fund, and an exchange. The New York… Source link

Wall Street analysts are busy publishing their 2023 lookahead pieces, and Cowen analyst Jeff Osborne is out with the big one — the firm’s Future of Mobility report. Osborne has partnered with 16 other analysts at the firm to map out what’s next in the nearly 500-page report, from electrification, to government regulation, to infrastructure, and even 5G and edge computing to give investors the lay of the land. Cowen has also listed 50 stocks to target for exposure. Key among the… Source link

NEW YORK–(BUSINESS WIRE)–Yahoo today announced the continued scale of its cookieless identity solution, Yahoo ConnectID, with five new interoperability partnerships, including Annalect’s Omni ID, Alliant, AdPredictive, ShareThis, and Tealium. The new partners will now support Yahoo ConnectID as advertisers and publishers seek a privacy-first solution to driving campaign personalization, performance and measurement. “Two industry changes are accelerating adoption of Yahoo… Source link

Bitcoin and Ether both fell in Monday morning trading in Asia along with all of the top 10 non-stablecoin cryptocurrencies by market capitalization. With the exception of XRP, all the top 10 also lost ground over the last seven days as more details emerged about the failure of the FTX exchange. In addition, FTX appealed to other exchanges to help track the hacker who stole an estimated US$600 million from the Bahamas-based exchange and began moving the funds into other tokens. See related… Source link

The 2022 midterm elections had the potential to become one of the biggest days in the sports betting industry, which has been experiencing years of seemingly exponential growth in the market. But Tuesday will likely be when one of the fastest-growing industries in the U.S. gets a reality check, given that two ballot sports betting measures in California that are expected to fail. California voters will be asked to decide on Proposition 26, which would allow in-person sports gambling on tribal… Source link

Many health-care companies talk about addressing high costs and health equity, but too many fall flat in reaping impact, says one health-care CEO. “We have to clean up our act. None of us is blame-free in this environment of ever-increasing health care costs,” SCAN Group & Health Plan CEO Dr. Sachin Jain told Yahoo Finance at the 2022 All Markets Summit. As an example of increasing costs, Jain pointed to Pfizer (PFE) CEO Albert Bourla’s comments to Yahoo Finance about raising prices for… Source link

Despite the current inflationary environment, pet care hasn’t seemed to blink an eye. According to PetSmart CEO J.K. Symancyk, the industry is seeing some of its strongest growth in years. “I would call it a resilient industry,” Symancyk said on Yahoo Finance Live (video above). “I think we continue to see people make choices to put their pets ahead of themselves and find ways to involve their pets in more of their lives. And that has continued to drive growth for the last 15+ years. I believe… Source link

Throughout the pandemic, most cruise ships found themselves forced to suspend operations. Two years later, one tourism executive says the cruise industry is finally beginning to recover. “The cruise industry is probably our biggest competitor,” said Sandals Resorts Executive Chairman Adam Stewart on a recent episode of Influencers with Yahoo Finance’s Editor-in-Chief Andy Serwer. “I think the cruise industry has done an incredible job in the recovery to inspire confidence of its… Source link

“Call of Duty” maker Activision Blizzard (ATVI) reported its Q2 earnings after the closing bell Monday, beating analysts’ expectations on revenue, but falling short on the bottom line as the industry contends with a slowdown from its pandemic-era highs. Here are the most important numbers from the announcement versus what Wall Street was anticipating from the gaming giant, as compiled by Bloomberg. Shares of Activision Blizzard were largely flat following the report. While Activision… Source link

The video game industry is suffering from a COVID hangover even a bottle of Pedialyte and a bacon, egg, and cheese can’t fix. After explosive growth throughout the pandemic, game sales are finally plummeting back to Earth. Both Microsoft (MSFT) and Sony (SONY), two of the world’s leading game companies, revealed this week that their gaming divisions saw year-over-year revenue declines, as soaring inflation takes a toll on the industry. It’s not just hardware and games sales that are… Source link