Yahoo Finance2 Monster Metaverse Stocks Down 70% and 87% to Buy on the Dip
Investors have punished these two innovative tech companies, but their long-term potential remains intact.
Investors have punished these two innovative tech companies, but their long-term potential remains intact.
CHIANG MAI, Thailand (AP) — Just a handful of Chinese visitors were posing for photos and basking in the sun this week in the market and plazas near Chiang Mai’s ancient Tha Phae Gate, one of many tourist hotspots still waiting for millions of Chinese travelers to return. The beaches and temples of destinations like Bali and Chiang Mai are the busiest they have been since the pandemic struck three years ago, but they’re still relatively quiet. Still, Chanatip Pansomboon, a soft drinks seller in
TOKYO (Reuters) -Toyota Motor Corp chief Akio Toyoda is set to remain a dominant force inside the world's largest automaker for years to come, and will continue to influence the agenda after stepping down in April, experts and people familiar with the firm said. The 66-year-old Toyoda on Thursday announced he would step aside as leader of the company his grandfather founded from April 1 to take the role of chairman. In recent years Toyota has become a target of activists and green investors who had once heralded its hybrid technology, but who now slate its belated embrace of electric vehicles (EVs).
TORONTO — Widespread inflation has led to some eye-popping meat prices, but dietitians say there are budget-friendly ways to get enough protein. Saving money on these essential building blocks could involve both considering a wider variety of sources, and being more strategic when sticking to old favourites, but either way it’s key that everyone gets enough, said registered dietitian Desiree Nielsen. “With everyone still getting sick all of the time, it is really important that you get adequate
OYA Renewables ("OYA"), a leading energy transition solutions platform, today announced that two new community solar projects have been selected as part of the first round of a community solar program, known as Expanded Solar For All (E-SFA), that delivers the benefits of clean energy to underserved New Yorkers. The awarded solar projects, which will generate over 13 megawatts (MWs) of clean energy, will be automatically fully subscribed with National Grid customers enrolled in its Energy Afford
The dollar edged higher against the euro on Thursday after data showed the U.S. economy maintained a strong pace of growth in the fourth quarter, backing the case for the U.S. Federal Reserve to maintain its hawkish stance for longer. A separate report from the Labor Department showed initial claims for state unemployment benefits dropped 6,000 to a seasonally adjusted 186,000 for the week ended Jan. 21. "A somewhat mixed picture painted by the U.S. data," said Stuart Cole, head macro economist at Equiti Capital in London.
Amazon's surprise decision to shut down its AmazonSmile donation program has left thousands of its nonprofit beneficiaries disappointed and concerned about finding ways to replace the funding. The e-commerce giant had launched AmazonSmile in 2013, contributing 0.5% of every purchase made by participating customers to the charity of their choosing. As of 2022, the company said it has donated $449 million to various charities. Before it ends the program next month, Amazon says, it will provide a f
TORONTO — Rent prices in Canada grew at a record pace last year as the country saw the lowest vacancy rate since 2001, the Canada Mortgage and Housing Corp. said. In a report released Thursday, the federal housing agency said the average rent for a two-bedroom purpose-built apartment, which it uses as its representative sample, grew 5.6 per cent to $1,258 compared with the previous 12-month period. The CMHC said this increase is a new annual high in data going back to 1990. The report also said
TORONTO — The Green Organic Dutchman Holdings Ltd. is changing its name to BZAM Ltd. The cannabis company says it will also change its ticker symbol on the Canadian Securities Exchange to BZAM. The exact timing of the name change to BZAM, which is one of the brand names of cannabis used by the company, is not known. Chief executive Matt Milich says the change reflects the company's larger portfolio of brands and facilities. TGOD also announced Bassam Alghanim has been appointed chairman of the b
A New Year rally in U.S. corporate bonds has started to lose some momentum, as some investors become skeptical of recent optimism about a 'Goldilocks' economic scenario of slowing inflation against a backdrop of moderate growth. Credit spreads for both investment-grade and high-yield bonds have been tightening in recent months, and more so this month, as lower inflation prints raised hopes of a pivot in the Federal Reserve's current hawkish policy. Seen as a measure of perceived risk compared to holding safer government bonds, spreads for investment grade bonds narrowed some 10 basis points so far in January and in total about 37 basis points since early October, while junk-rated debt spreads have come in 52 basis points and 116 basis points, respectively, in the same period.
Bank of Canada should continue do what is necessary to get inflation back to target
WASHINGTON (Reuters) -The Federal Aviation Administration (FAA) told lawmakers on Wednesday that it had revoked access to a pilot messaging database to contractor personnel involved in a file deletion that led to the first nationwide groundstop since 2001. Last week, the FAA said it had found contract personnel "unintentionally deleted files" disrupting the Notice to Air Missions (NOTAM) messaging system that led to a Jan. 11 groundstop disrupting more than 11,000 flights. The FAA in an email to lawmakers seen by Reuters identified the contractor involved as Bethesda-based Spatial Front.
Senator Debbie Stabenow thwarted a bid on Thursday by fellow Democrat Joe Manchin to pass a measure that would block some electric vehicles from receiving a $7,500 tax credit. The $430 billion U.S. Inflation Reduction Act passed in August restricts the $7,500 consumer tax credits to North American-made EVs and imposes new battery sourcing rules and again made General Motors and Tesla eligible for EV tax credits. The U.S. Treasury in December said it would not issue proposed guidance on battery sourcing rules until March, effectively giving some EVs not meeting new requirements a few months of eligibility in 2023 before the battery rules take effect.
RBC Royal Bank is increasing its prime rate by 25 basis points to 6.70 per cent from 6.45 per cent, effective January 26, 2023.
UNITED NATIONS (AP) — The United Nations forecast Wednesday that global economic growth will fall significantly to 1.9% this year as a result of the food and energy crisis sparked by the war in Ukraine, the impact of the COVID-19 pandemic, persistently high inflation and the climate emergency. Painting a gloomy and uncertain economic outlook, the U.N. Department of Economic and Social Affairs said the current global economic slowdown “cuts across both developed and developing countries, with man
Spurred by a solid rally on Wall Street after upbeat U.S. economic growth data on Thursday, Asian stocks on Friday are set to continue their remarkable run and chalk up a fifth weekly rise in a row. Investors are already feeling positive about China's economic re-emergence from nearly three years of COVID-19 restrictions, pouring record sums into emerging market debt and equity funds, according to Bank of America. There are no major Asian economic indicators or corporate earnings releases on Friday to really drive market direction, and volumes will be relatively light due to China still being closed for Lunar New Year.
Representatives of the media are invited to attend an important announcement about the Climate Solutions Prize, the largest climate incentive prize of its kind in Quebec history.
WASHINGTON (Reuters) -Boeing Co losses widened for 2022 on weakness in its defense unit as it warned of further supply chain issues, but the U.S. planemaker reported its first yearly positive cash flow since 2018. Boeing shares, which have risen by more than 70% since September, fell 1% Wednesday. Boeing Chief Executive Dave Calhoun told analysts the planemaker still faces "a difficult, difficult supply chain and while average deliveries met our objectives, we continue to face a few too many stoppages in our lines ... So those stoppages, while they are coming down, are not where they need to be."
Nokia on Thursday beat quarterly operating profit expectations and forecast higher 2023 sales as the Finnish telecom equipment maker said it had been able to gain market share, benefitting from 5G roll-out in countries such as India. "We are taking market share now," Chief Executive Pekka Lundmark told Reuters, adding the growth was broad-based and calling India "the highlight of this story". Nokia shares opened up 5.8% in Helsinki.
Eastlink confirmed today that it has begun to connect residents in Mindemoya to its newly upgraded fibre network bringing high speed internet to residents and businesses in the town.
Diageo, the world's largest spirits maker, signalled on Thursday that robust demand for its drinks as people made pricey cocktails at home during COVID-19 lockdowns may be slowing in some parts of the world, particularly North America. Its shares dropped almost 7%, shaving about 5 billion pounds ($6.2 billion) off the company's market value even as Diageo posted forecast-beating first-half sales thanks to price hikes and as more people drank premium spirits. Since the pandemic, Diageo has benefited from people splurging on more expensive types of alcohol while staying home under lockdown.