Tag Archives: sees

The steep pullback in bitcoin prices (BTC-USD) this week doesn’t derail the bullish outlook for cryptocurrency, argues one veteran industry insider.  “If we have enough volume from new buyers, we should go back and retest that $53,000 to $55,000 level. If we break through that, we will see new highs this year. I am still holding my projections that we will be hitting the $140,000 to $160,000 levels. It might take us into Q1 of next year because of this kind of flash crash and clean-up we… Source link

Wildfires are taking a toll on the West Coast right into the end of the summer, with water shortages a top concern for local leisure and hospitality businesses. But according to Tom Danowski, Oregon Wine Board President, there’s an “oversupply” of wine across the nation — even with demand for alcoholic beverages on the rise. “Look at your shelf and your store, you’ll see quite a bit more wine than you might have ever thought could ever [have] been produced,” he told Yahoo Finance LIVE. He… Source link

Yandex (NASDAQ:YNDX) was the recipient of a significant growth in short interest during the month of August. As of August 13th, there was short interest totalling 6,120,000 shares, a growth of 13.8% from the July 29th total of 5,380,000 shares. Approximately 2.0% of the company’s stock are sold short. Based on an average daily volume of 960,400 shares, the short-interest ratio is currently 6.4 days. Several institutional investors have recently modified their holdings of the company…. Source link

Yandex (NASDAQ:YNDX) was the recipient of a significant growth in short interest during the month of August. As of August 13th, there was short interest totalling 6,120,000 shares, a growth of 13.8% from the July 29th total of 5,380,000 shares. Approximately 2.0% of the company’s stock are sold short. Based on an average daily volume of 960,400 shares, the short-interest ratio is currently 6.4 days. Several institutional investors have recently modified their holdings of the company…. Source link

Tilray CEO Irwin Simon expects marijuana legalization in the U.S. to happen within the next two years. Citing the recent legislative push to end the federal prohibition of marijuana, “I see over the next 18-to-24 months that cannabis in some format will have legalization,” Simon told Yahoo Finance Live (video above), later adding: “Trust me: When legalization does happen, we will be ready… to be a part of it.” The Canadian cannabis company — listed on both the Nasdaq (TLRY) and the… Source link

People make their way in Great Barrington after the state lifted its mask mandate. Google is tracking people’s movements by using cellular location… Source link

Delta Air Lines (DAL) on Wednesday reported a narrower than expected loss in the second quarter, with “accelerating demand” putting the airline back on a path to profitability. Here are the main results from the Q2 report, compared to consensus estimates compiled by Bloomberg: Adjusted pre tax income (loss): $881 million vs ($898 million) estimate Adjusted earnings (loss) per share: ($1.07) vs ($1.42) estimate GAAP earnings per share: $1.02 vs (0.17) estimate Revenue: $6.3 billion vs. $6.3… Source link

Krispy Kreme (DNUT) on Thursday began its second incarnation as a public company, listing on the Nasdaq under the ticker symbol “DNUT.”  Shares of the doughnut chain priced in at $17 on Wednesday, slightly below the expected range of $21 to $24. Yet the stock popped by nearly 10% in midday trading, after a lackluster debut at $16.30 per share. Analysts had initially seen Krispy Kreme’s valuation topping $3 billion, but the stock listing undermined some of the loftier estimates. Still, CEO… Source link

The stock markets are responding to conflicting signals lately, and the result is concurrent trends of volatility and gains that have been causing some confusion. Inflation has ticked up in recent months, as pent-up demand now let loose by the economic reopening is crossing limited supply and still-disrupted distribution chains. But there’s a strong feeling that the inflation is transitory, and that as people get back to work the inflationary trends will be pushed back by improved… Source link

Surging inflation is creating a conundrum for the Federal Reserve, economist Nouriel Roubini cautioned on Wednesday, adding that spiking prices will persist and potentially tie the central bank’s hands. With demand soaring, the resulting supply and labor bottlenecks are lighting a fire under prices. Although the Fed insists the effects are “transitory,” Roubini — also known as “Dr. Doom” for his gloomy economic predictions — warned that the central bank won’t be able to tighten monetary… Source link