Tag Archives: September

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Not even speculation of a partnership with fellow meme stock trader favorite AMC Entertainment has been enough to arrest the selling pressure in shares of one-time 2021 market darling GameStop (GME).  Shares of the gaming retailer turn self-described tech company have dropped 12% so far in September, far worse than the 2% respective drops in the S&P 500 and Nasdaq Composite. GameStop’s stock is also among the laggards of the popular meme stock group this month — AMC’s stock has gained 8.5%… 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 Monday, September 20, 2021 But there are green pastures Against a noisy backdrop of mounting corporate earnings warnings and a steady drumbeat of market correction calls by Wall Street pros, I have been on a covert mission to find a few good things for investors to chew on midway through a volatile September.  I inhaled a whiff of hopium on the… Source link

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Yandex N.V. (YNDX Quick QuoteYNDX – Free Report) has been persistently making efforts to strengthen its autonomous vehicle service. Recently, the company announced plans to begin testing autonomous vehicles in Moscow. This is a testament to the above-mentioned fact. The company will soon introduce Robotaxis with the help of the Yandex.Go application in Yasenevo, Moscow. Yandex has already been testing autonomous driving technology in Russia, Israel and the United… Source link

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Federal Reserve Bank of Dallas President Robert Kaplan said rising concerns over the spread of the Delta variant have not materially changed his call to start the process of pulling back on the central bank’s extraordinary monetary stimulus in September. “I’m going to be suggesting that we should move toward announcing a plan as early as our September meeting and begin our tapering process in October,” Kaplan told Yahoo Finance in an interview on Thursday. Kaplan’s comments come as the… Source link

Krispy Kreme (DNUT) will look to take a price increase in September as it battles to protect margins from higher costs for key commodities such as edible oils and sugar.  CEO Mike Tattersfield said on Yahoo Finance Live the price hikes won’t be exorbitant, owing likely to the price sensitive consumer that frequents the donut-hawking brand.  “We are really disciplined on pricing. We are a dozens business, so we do always pay attention to an accessible price point. So when you think about the… Source link

(Reuters) -Amazon.com Inc-backed electric-vehicle startup Rivian Automotive will delay the deliveries of its debut vehicle by more than a month due to supply chain issues, according to a letter written by its CEO to customers. Rivian, seen as a potential Tesla Inc rival, said the timing for the first deliveries of its R1T pickup initially slated for July has now been pushed to September, while that of R1S SUVs have been delayed until the fall. “The cascading impacts of the pandemic have had a… Source link