Tag Archives: lot

Alphabet (GOOGL) split its two classes of shares (GOOG) by a 20-to-1 margin, a move that reduced the price of one share from just over $2,200 on Friday to about $112 on Monday. The stock split doesn’t change Alphabet’s market capitalization. The company is still worth about $1.5 trillion, making it one of the most valuable firms on the planet. But the split has two potential benefits. First, it may make Alphabet shares more enticing for everyday investors. Second, it increases the odds that… Source link

Adrian Grenier is bullish on crypto. The “Entourage” actor, who previously said he expects Bitcoin (BTC_USD) to replace fiat currencies like the U.S. dollar, told Yahoo Finance that crypto can “fix a lot of the systems that are broken currently, and are quite wasteful across all industries.” Grenier, a UN Environment Goodwill Ambassador, defended operations like bitcoin mining, which critics say hurts the environment due to its sizable energy draw. “[There’s] a trade off for all things,”… Source link

Independent trucker Michael Whitaker is getting ready for his next haul of equipment from South Carolina to Arizona. Whitaker has been an owner-operator trucker since 1998. His specialty is hauling industrial machinery like construction and farming equipment. “The diesel prices. That’s every truck driver’s main expense, it’s diesel,” says Whitaker of the recent rise in diesel prices. Whitaker says at the beginning of the year it cost $600 or $700 to fill up his truck tank. Now, he’s paying… Source link

The Federal Reserve announced that it would raise its benchmark Federal Funds Rate target range to between 0.25% and 0.50% last Wednesday in a long-awaited move seeking to combat decades-high inflation. The move is long overdue, Marketgauge.com Partner and Director of Trading Research & Education Michele Schneider told Yahoo Finance Live in a recent segment. “I think it should have happened already, quite honestly,” she said. “I think they should have been less concerned [with market… Source link

With the second half of the NBA season starting this week, Joel Embiid insists he has put the Ben Simmons saga behind him. “I did a lot of chasing around trying to get him back and try to make him feel comfortable again,” Embiid told ESPN’s Malika Andrews on Tuesday of his former teammate. “It was tough. “I didn’t care anymore.” Simmons was involved in a messy exit from Philadelphia after he requested a trade and then sat out for months while racking up fines and refusing to play…. Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, February 9, 2022 The looming era of ‘not particularly positive’ returns Unless your name is Meta (FB) or Peloton (PTON), the fourth quarter earnings season has been surprisingly kind to corporate America. Leaving the beleaguered social network (whoops, I mean metaverse pioneer) and fitness brand aside, Q4 results have continued to post… Source link

Tom Brady fan and former long-time Boston mayor Marty Walsh is wishing the NFL legend all the best in retirement. That’s even as the star QB didn’t shower New England Patriots fans with love initially when he announced his retirement this week. “Tom Brady brought a lot of joy to New England. Six Super Bowls we were in. Ten Super Bows all together. We won six. I want to commend Tom Brady on his retirement,” Walsh, now U.S. Labor Secretary, said on Yahoo Finance Live. After another MVP worthy… Source link

It’s been roughly a year since GameStop (GME) began overtaking headlines and a ‘meme stock’ phenomenon was born. However speculative assets have been under pressure recently amid rising inflation and a more hawkish-toned Federal Reserve.  “I do hope that investors will refocus on fundamental values,” Thomas Peterffy, founder of Interactive Brokers told Yahoo Finance Live.  “This meme stock idea — it’s fun, but it’s not sustainable,” he continued. “I think a lot of people will lose a lot of… Source link

The great — which has , holiday — has bottlenecked West Coast ports, and drawn the involvement of the White House to address it. As the disruption reaches a boiling point and adds to rising price pressures, longshoremen, union representatives and truck drivers have pointed fingers over which party is best positioned to alleviate some of the strains. Cargo ships afloat in the Pacific Ocean demonstrate the convergence of strong consumer demand, and a widespread shortage of bodies to meet… Source link

If you haven’t noticed yet, your grocery bill is likely much higher than it was just a few months ago. Prices are skyrocketing on a number of consumer staples — everything from coffee to milk to soap — as companies try to offset surging costs due to supply constraints and production challenges. And relief may not be coming anytime soon. In fact, industry experts are warning that consumers will need to dig even deeper into their wallets as we look ahead to next year. “I can tell you… Source link