Tag Archives: Major

Every year critics decry the lack of Black executives atop companies on the Fortune 500 list. As of now, only four Black CEOs lead companies on the list, two of whom are women. But less attention gets paid to the dearth of non-white leaders at the tens of millions of small businesses nationwide. Georgia gubernatorial candidate Stacey Abrams, a prominent Democrat and entrepreneur, in a new interview detailed the barriers that prevent women and people of color from launching and sustaining… Source link

Expect a market sell-off so significant that the Federal Reserve will likely “not carry through” with all of its anticipated rate hikes this year, predicts macro investor Felix Zulauf.  “I doubt that they will be as hawkish going through the year as they are saying now,” the CEO of Zulauf Consulting told Yahoo Finance. “My expectation is that we have a sharp sell-off in the markets, maybe 30% from the highs, into the summer, and then the Fed and other central banks will panic,” he added.  “In… Source link

Rocket Companies CEO Jay Farner wasn’t kidding around when he told Yahoo Finance Live in November he was on the hunt for acquisitions to diversify his company and fetch a higher trading multiple for a stock that has been under pressure.  And Farner is looking to fast-growing fintech to help pull both those goals off.  The company said Monday it would acquire personal financial app Truebill for $1.275 billion in cash. Truebill was founded in 2015, and currently has 2.5 million members who use… Source link

Fresh weakness in Apple’s stock may offer a rare buying opportunity into the iPhone maker, says one money manager.  “We actually like Apple, and we are adding to our position,” said Victoria Fernandez, Crossmark Global Investments chief markets strategist, on Yahoo Finance Live, adding Apple’s fundamentals are “strong.” Traders are taking the other side of that call on Thursday. Apple’s stock fell more than 3% Thursday on a report from Bloomberg that the tech giant was indicating to component… Source link

According to reports from some users, an update to Google Photos removed one of the Pixel 6’s big features: the Magic Eraser tool that lets you remove unwanted objects or people from your photos. If your Pixel downloaded the affected version (5.67, according to Android Central), fear not: Google says it’s working on a fix. While the version of Photos with the Magic Eraser erased doesn’t appear to be available in the Play Store anymore, its presence on APK Mirror confirms that it was… Source link

A big question is on the minds of jurors, prosecutors, and maybe even Elizabeth Holmes and her defense team, as government lawyers come close to wrapping up their fraud case: Will the fallen Silicon Valley entrepreneur take the stand to defend herself? There’s no easy formula to arrive at a decision, criminal trial attorneys tell Yahoo Finance, though some critical considerations are bound to weigh in. “The biggest risk that you can take at trial as a defense lawyer is to call your client… Source link

The Biden administration lifting a COVID-19 related travel ban on international visitors on Monday is already proving to be a tailwind for hotelier Hyatt. “This is a momentous day. Reopening the borders for vaccinated travelers is a really great step to take forward and re-engage. The day the Nov. 8 date was announced, we saw an instant surge in bookings. By the way, this week was up 50% overnight in terms of bookings. It just demonstrates what we have seen in virtually every segment of our… Source link

Major COVID stimulus payments in line for 2022 extension — don’t miss your free cash Congressional support is strong among Democrats to extend a popular stimulus payments program through next year despite a tug of war over Biden’s budget bill. House Speaker Nancy Pelosi will likely push ahead this week to finalize a draft of President Joe Biden’s $1.75 trillion spending plan. It’s anyone’s guess, at this time, what the final version will look like. But here’s what we know so far… Source link

Uber’s recent tie-up with Hertz and Tesla on the electric vehicle front has garnered a good bit of attention (and market gains for Hertz and Tesla, in particular), but Lyft’s co-founder John Zimmer wants to remind everyone his company was first to pledge to an all-electric fleet future.  Zimmer reiterated in an interview on Yahoo Finance Live on Wednesday a commitment to have an all-electric fleet by 2030. The company is in active discussions with the major automakers to bring EVs to its… Source link

In a flipping of the script, a leading cryptocurrency project and its co-founder are suing the Securities and Exchange Commission (SEC). The lawsuit was filed Friday by Terraform Labs, the company behind the Terra decentralized finance protocol, and its co-founder Do Kwon, who confirmed in the filing that he and his company were served with SEC subpoenas at last month’s Messari crypto conference in New York City. Terra’s Luna cryptocurrency is currently the 11th largest by market… Source link