Tag Archives: raises

AriZona beverage company co-founder Don Vultaggio vowed to maintain the brand’s iconic 99-cent can, but to keep that promise amid rampant inflation, something else had to give. At the beginning of the year, the New York-based company (nope, not Arizona) raised the price of its 20-ounce bottle, what it calls “Tallboys,” from $1.00 to $1.25, up 25%, in the Northeast, its largest market. “We changed the price in certain markets at the beginning of this year,” he told Yahoo Finance in a phone… Source link

The Federal Reserve raised short-term interest rates Wednesday by a half percentage point, slowing down its pace of rate hikes from this summer’s torrid clip. The rate hike brings the Fed’s benchmark policy rate, the federal funds rate, to a new range of 4.25%-4.5%, the highest level since December 2007. Wednesday’s 50 basis point rate hike comes after the Fed raised rates by 75 basis points at each of the past four policy meetings — its most aggressive stretch since the 1980s. “Recent… 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 Friday, November 11, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. Read this and more market news on the go with Yahoo Finance App. Stocks and bonds had an especially bullish reaction to new data out Thursday showing that inflation continues to moderate after… Source link

Cryptocurrencies plunged Tuesday as investors digested an emergency deal struck for an undisclosed sum between major crypto exchanges Binance and FTX. Bitcoin (BTC-USD) tumbled 13% over the last 24 hours from $19,800 to a period low of $17,603, the largest one-day drop since June. It has since recovered above $18,600 per coin. The second largest cryptocurrency, ether (ETH-USD) sold off by 15% on the day from $1,468 to $1,318. FTX’s exchange token FTT, fell by as much as 84% on the day from… Source link

Apple (AAPL) is joining its streaming competitors in hiking prices. On Monday, the tech giant announced price increases across its various services including Apple TV+, Apple Music, and the Apple One Bundle. This is the first time Apple has raised the subscription prices of those offerings in the U.S., and international markets will see similar price increases. In a statement to Yahoo Finance, an Apple spokesperson confirmed the price hikes, stating: “The subscription prices for Apple Music,… Source link

Apple (AAPL) is joining its streaming competitors in hiking prices. On Monday, the tech giant announced price increases across its various services including Apple TV+, Apple Music, and the Apple One Bundle. This is the first time Apple has raised the subscription prices of those offerings in the U.S., and international markets will see similar price increases. In a statement to Yahoo Finance, an Apple spokesperson confirmed the price hikes, stating: “The subscription prices for Apple Music,… Source link

(Bloomberg) — At first blush, Bitcoin becoming less volatile than stocks might appear like a positive development. But crypto traders are warning that in a low-volume environment, that might not be a great thing. Most Read from Bloomberg The coin’s 30-day realized volatility has “dropped sharply” in recent days, according to Noelle Acheson, author of the “Crypto is Macro Now” newsletter. It’s currently at around 52% after spending the past month above 64% on an annualized basis,… Source link

Google’s senior vice president of advertising and commerce Sridhar Ramaswamy Krisztian Bocsi | Bloomberg | Getty Images A top former Google executive wants to make searching the blockchain easier with his new startup. Sridhar Ramaswamy, who led the internet giant’s ad business from 2013 to 2018, has started a new company called nxyz. The venture is officially launching Wednesday after attracting investment from several top investors, he told CNBC exclusively. Armed with a rolodex of eminent… Source link

Amazon (AMZN) has telegraphed to investors and the world that deals are key to its future, but those transactions create antitrust risks — and investors are taking notice, Jefferies analyst Brent Thill told Yahoo Finance Live (video above). Amazon has made headlines for its big-ticket dealmaking in recent months. The company acquired both subscription health care provider OneMedical (ONEM) and Roomba-maker iRobot in quick succession, for $3.9 billion and $1.7 billion respectively. However,… Source link

GENEVA: UN rights chief Michelle Bachelet said Saturday that the potential extradition and prosecution of Julian Assange raised concerns for media freedom and could have a “chilling effect” on investigative journalism.Assange, who has been held in a high-security London prison since 2019, has filed an appeal against his extradition from Britain to the United States.The Australian is wanted to face trial for allegedly violating the US Espionage Act by publishing classified US military… Source link