Tag Archives: risk

Amid fears of new variants emerging and evading COVID-19 vaccines, health experts are repeatedly pointing out that being fully vaccinated is very different from being unvaccinated. “We have to be very clear about who we’re talking about,” Dr. Jeremy Faust, an emergency physician at Brigham and Women’s Hospital and an instructor at Harvard Medical School, said on Yahoo Finance Live (video above). “The Delta variant is extraordinarily dangerous for the unvaccinated, and it presents a… Source link

A California district judge struck a blow to one of Apple’s (AAPL) major revenue engines on Friday by ruling that the iPhone maker needs to give app developers the ability to offer alternative app payment options to consumers. Apple currently restricts developers to using its own Apple payment service, which automatically draws a 30% commission from the sale of apps. Developers including Spotify (SPOT) have complained of the commission for years, but the ruling by District Judge Yvonne… Source link

Hedge fund manager Mark Spitznagel, the founder of $11 billion “Black Swan” hedge fund Universa Investments, says investors have been getting risk mitigation wrong from the start. “Our goals are even wrong. And really, we have Modern Portfolio Theory to thank us for this. But it’s just kind of a heuristic of investing that you need to take more risk in order to get higher returns, in order to get more wealth at the end of the day. And as you take less risk, your returns are going to go down,”… Source link

Kim Kardashian promoted an unknown crypto token to her followers in June. NurPhoto/Getty Images Celebrities such as Kim Kardashian are putting investors at risk by advertising crypto tokens, a UK regulator said. The chair of the Financial Conduct Authority said online influencers regularly promote crypto scams. Kardashian advertised a crypto token called ethereum max on her Instagram account in June. See more stories on Insider’s business page. The UK’s financial watchdog has said celebrities… Source link

Children are accounting for a larger number of COVID-19 cases as the highly transmissible Delta variant spreads rapidly. And as millions of students return to school nationwide, health officials are warning that infection numbers could get worse, potentially forcing schools to return to remote learning. “We’re going to start seeing a lot of our school systems, especially those that did not mandate masks, starting to close down,” University of Alabama at Birmingham’s Dr. Michael Saag… Source link

Vaccine hesitancy in the U.S. has proven to be a stubborn issue that is holding back America’s ability to defend itself against the particularly infectious Delta variant in certain parts of the country. In addition to unvaccinated adults themselves, two demographics are particularly vulnerable as the number of confirmed COVID-19 cases rises. “Children under 12 don’t have a vaccine yet,” Dr. Heather Yeo, associate professor of surgery and health care policy and research at Weill Cornell… Source link

Most Wall Street strategists agree that Monday’s market rout — fueled by yawning worries about the fast-spreading COVID-19 Delta variant — should serve as a wake-up call to investors who have sent stock prices to record valuations.  And they also generally agree on what could send stocks spiraling even lower from here — a subpar second quarter earnings season chock-full of concerning guidance due to the ongoing uncertainty of the pandemic.   “This market is vulnerable to a bigger… Source link

A day after Tesla (TSLA) CEO Elon Musk turned the big 50, UBS is sending him a belated digital birthday gift.  UBS analysts led by Patrick Hummel slashed the firm’s price target on Tesla’s stock to $660 from $730. The group maintained its Neutral rating on Tesla shares. But, the analysts cut their EPS estimates for 2021 by 11% and by 10% for 2022. In an extensive dive into the EV industry’s outlook, UBS voiced several noteworthy concerns for the diehard Tesla bulls.  “While results from our… Source link

Until recently, Google’s namesake Android app, which more than five billion installs to date, had a vulnerability that could have allowed an attacker to quietly steal personal data from a victim’s device. Sergey Toshin, founder of mobile app security startup Oversecured, said in a blog post that the vulnerability has to do with how the Google app relies on code that is not bundled with the app itself. Many Android apps, including the Google app, reduce their download size and the… Source link

(Adds Lordstown’s comment, details about cash) June 8 (Reuters) – Electric truck maker Lordstown Motors Corp expressed doubts about its ability to continue as a going concern, the company said in a regulatory filing on Tuesday, sending its shares down more than 20%. (https://bit.ly/3w4iOlG) “We believe that our current level of cash and cash equivalents are not sufficient to fund commercial scale production and the launch of sale of such vehicles,” Lordstown said. Lordstown reported a net loss… Source link