Tag Archives: years

The steep slide in Tesla’s (TSLA) stock price this year is starting to catch the eye of valuation watchers. “Not since 2018 has Tesla traded at these levels,” Wedbush analyst Dan Ives wrote in an email to Yahoo Finance. “On an EV/EBITDA [earnings before interest, taxes, depreciation, and amortization] basis it’s the cheapest valuation to date.” Ives — a former Tesla bull who made headlines in mid-November for removing the EV maker’s stock from Wedbush’s best ideas list — isn’t too far… Source link

Bold bets on high-flying technology stocks from Cathie Wood’s ARK Invest have destroyed an estimated $1.3 billion in shareholder wealth over the past decade, a Morningstar analysis published this week found. And these losses don’t take into account the sharp declines seen across ARK’s suite of investment offerings so far this year. According to Morningstar, the bulk of these losses came primarily from two of ARK’s actively managed vehicles last year: the ARK Genomic Revolution ETF (ARKG) and… Source link

The judge who presided over the criminal fraud trials of Theranos founder Elizabeth Holmes and her co-defendant and one-time boyfriend, Theranos COO and president Ramesh “Sunny” Balwani, sentenced Balwani on Wednesday to nearly 13 years in prison plus three years of probation. “They misled investors, they misled patients,” U.S. District Court Judge Edward Davila said during Balwani’s sentencing hearing in San Jose, California, according to NBC News. “I think it’s just that enduring… Source link

? Anonymous qGv 21 minutes ago EskeRahn, 10 hours agoAlso remember that Google use their own take on RCS. Asking the fruit company to apply to t… moreThey are not necessarily blaming Apple for not adopting RCS. They are poking a stab in the wound on imessage because of the protocols that are at play. I personally don’t care what Google or Apple do. The standards used today and even end to end encryption are the only key take aways. Apple is not a carrier so… Source link

Short Messaging Service, popularly known as SMS, turned 30 today, and to celebrate its birthday, Google announced that its Messages app will support end-to-end encryption for group chats over the coming weeks – a feature that’s been available for one-on-one conversations for a couple of years. However, end-to-end encryption for group chats is only open to Messages users enrolled in the beta program, so if you want to try it, you’ll have to participate in the beta program. You can head… Source link

In the face of an uncertain economic recovery for communities of color, gendered and racialized pay gaps, and tech talent shortages, RISE, powered by The Mom Project in partnership with Google unlock ways to build opportunity for underserved women in the workforce NEW YORK, Nov. 29, 2022 /PRNewswire/ — RISE, the not for profit, equity-focused upskilling arm of The Mom Project, has announced that upon reaching its two-year anniversary of its partnership with Google, more than 5200… Source link

Elizabeth Holmes, founder and CEO of the collapsed Silicon Valley blood testing company, Theranos, has been sentenced to 11.25 years in prison plus three years supervised release for financial crimes she committed while running the once-high flying venture. Holmes was also fined a $400 million special assessment. Holmes must surrender to custody on April 27, 2023. Holmes is expected to appeal. The judge presiding over Holmes’ trial and sentencing said the landmark case, one of the most… Source link

Elizabeth Holmes, one of Silicon Valley’s most celebrated and vilified startup founders, is scheduled to appear in court in San Jose on Friday for a sentencing hearing where she’s expected to learn whether she’ll go to prison for defrauding investors out of hundreds of millions of dollars. Holmes, who was found guilty in January of three counts of wire fraud and one count of conspiracy related to her now-defunct blood-testing venture Theranos, faces up to 20 years in prison, up to $1… Source link

Mortgage rates plunged by nearly a half-percent this week, marking the largest week-over-week decline since November 1981. The rate on the average 30-year fixed mortgage fell to 6.61% from 7.08% the week prior, according to Freddie Mac, which this week changed its methodology calculating rates. The drop follows a sharp decline in the yield on the 10-year Treasury last week after a government showed inflation cooled last month. The sudden decrease gave price-strained homebuyers and sellers… 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 Wednesday, Nov. 16, 2022 Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Read this and more market news on the go with Yahoo Finance App. Trust is a vital element in investing — stocks, bonds, you name it. I trusted Walmart when it reported Tuesday that… Source link