Tag Archives: rises

Southwest Airlines (LUV) reported leisure passenger traffic rebounded in June to 2019 levels, helping the airline generate its first monthly profit since the COVID-19 pandemic decimated the industry.   “I think we can sustain that going into the third quarter. I think we are all worried about this Delta variant,” CEO Gary Kelly told Yahoo Finance Live. Kelly called the second quarter an important milestone in the airline’s pandemic recovery. Southwest generated $4 billion in revenue during… Source link

Cryptocurrencies traded higher on Friday after a volatile week. Bitcoin was holding above $33,000 support at press time and is roughly flat for the week. Technical charts suggest buyers will remain active above $30,000, although upside momentum is starting to slow heading into the weekend.  “The possibility of price action dropping into the mid-$20,000 range is alive, but traders looking for a retest of previous all-time highs will likely be disappointed,” Sean Rooney, head of research… Source link

In Los Angeles, county health officials are now “strongly” recommending that everyone, regardless of vaccination status, wear masks indoors to prevent the spread of the . The county suggests people use them in large group settings like grocery or retail stores, theaters and other places when people’s vaccination status is unknown. Because verification is difficult, some places continue to require their frontline employees to wear masks — such as With Love Market and Cafe, where… Source link

The Delta variant of COVID-19, which originated in India, is the latest challenge the world is facing as key regions struggle to contain the coronavirus pandemic. The strain is significantly more contagious than any other that’s appeared so far, scientists say. It has raised concerns over whether or not the vaccines currently available are effective enough to counter its spread. Delta now accounts for roughly 30% of cases in the U.S., where 57.2% of adults are fully vaccinated and 66.2% have… Source link

The Central American country plans to use bitcoin as a parallel legal tender alongside the US dollar, which has also been touted as a remittance currency for Salvadorans overseas. Photo: Jose Cabezas/Reuters The price of Bitcoin (BTC-USD) rose for a third consecutive day on Friday after El Salvador revealed that it would officiate the cryptocurrency as legal tender on 7 September. The Central American country plans to use bitcoin as a parallel legal tender alongside the US dollar, which has… Source link

Nvidia (NVDA) CEO Jensen Huang made a strong case for the ARM merger at the Six Five Summit and CogX conference. The executive also talked about U.K. opportunities and investments. Nvidia stock jumped 4.76% on Thursday to close at $746.29. Huang told the CogX conference that the merger would combine ARM’s CPU capabilities with Nvidia’s artificial intelligence capabilities to create new ideas. “The U.K. has every reason to be proud of Arm and its achievements and contributions to the… Source link

Benzinga AMC & GME are Not the Only Reddit Penny Stocks to Buy According to Top Wall Street Analysts If you’re looking for penny stocks to buy right now, I’m sure you’ve seen plenty of attention placed on social media, namely Reddit. The phenomenon that began earlier in the year thanks to GameStop (NYSE: GME) stock has caused an avalanche of trading activity spilling over into other heavily shorted names. Whether you’re talking about beaten-down meat alternative stocks like Beyond Meat… Source link

InvestorPlace 7 Dividend Stocks to Avoid in Your Retirement Portfolio Income stocks and retirement go hand in hand because they are both built for the long term. You don’t buy stocks for their dividends for the short term. They are steady investments that enhance your wealth the old-timey way, slowly over time. The challenge is to find stocks that can maintain and grow their dividends year after year. If their dividends are solid, their business is likely solid as well, and you’ll also see… Source link

Bloomberg Coinbase Backer Parlays ‘Fantasy’ Bet Into $4.6 Billion (Bloomberg) — Before his bet on cryptocurrency exchange Coinbase Global Inc. became a multi-billion-dollar exit, Union Square Ventures co-founder Fred Wilson compared Bitcoin to science fiction.“We may be completely wrong, it may be a fantasy,” he said at a marketing conference in May 2013. That was shortly after he had invested $2.5 million in Coinbase, the U.S.’s biggest cryptocurrency exchange, where people can… Source link

(Bloomberg) — GameStop Corp. climbed after saying it intends to elect Ryan Cohen as its next chairman, cementing the activist investor’s influence at the video-game retailer. Kurtis Wolf resigned effective April 5, GameStop said in a filing Thursday. The company said the resignation didn’t result from a disagreement over operations, policies or practices. Cohen will stand for election at the annual meeting on June 9, GameStop said in a statement. It plans to pay all directors entirely in… Source link