With its shares up by a whopping 200% in the last 12 months, it might be surprising to know that Luckin Coffee (OTC: LKNC.Y) is still trading for less than half its all-time high of $50, which was reached in early 2020. With 9,351 total locations, Luckin is the largest Coffee chain in China. For context, U.S.-based rival Starbucks operates a little over 6,000 stores in China and almost 36,000 globally.
Here's what you need to know about how to watch Monday Night Football's doubleheader game tonight.
Yahoo Sports’ Jason Fitz and Frank Schwab hop on Zero Blitz to discuss Dallas Cowboys disastrous loss to the Arizona Cardinals, and talk about how it could potentially affect the Cowboys’ aspirations going forward. Subscribe to Zero Blitz on Apple, Spotify, or wherever you get your podcasts.
As the October 1 deadline for a government shutdown looms, investors try to also wade through the Federal Reserve's recent announcement to keep rates steady. Past government shutdowns may act as a guide to investors on potential strategies for maneuvering future investment trends. Charles Schwab Senior Investment Strategist Kevin Gordon joins Yahoo Finance to discuss what investors should take away from these shutdowns and how they should pay attention to central bank announcements amid investment narratives. Gordon explains how investors should consider the energy sector during and after a shutdown, stating: "The case in point is, since the peak at the end of July, at least for the S&P 500, the only out-performer and defensive area of the market has been energy". Gordon also commented on the current economic status and whether or not Americans could see a potential recession: "Our thesis is, for the past year and a half that the economy has been suffering from some form of a recession, it's just been rolling in nature", pointing out how the changes in housing and labor have caused "probably the most unique cycle we have ever seen..." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
STORY: Ghana's central bank held its main interest rate at 30% on Monday (September 25) - following several days of anti-government protests driven by anger over economic hardship.The West African cocoa, gold and oil producer has been grappling with its worst economic crisis in a generation.That's been characterized by double-digit inflation and ballooning public debt.However, Bank of Ghana Governor Ernest Addison said on Monday that the "policy mix" under a $3 billion International Monetary Fund support package, approved earlier this year, was "beginning to yield results".He said economic activity has rebounded strongly, the exchange rate is stabilizing, inflation is declining and that the level of foreign exchange reserves had improved.But Ghanaians like Romeo, protesting in the capital Accra on Saturday (September 23) say they are struggling to get by."The average Ghanaian can't afford three square meals. This is very, very dangerous for the whole country." In August, Ghana's inflation slowed to 40.1% on a year-on-year basis from 43.1% the previous month.That was, however, still well above the central bank's target of 6-10%.
A tentative deal has been reached between the Writers Guild of America (WGA) and major studios, including Disney (DIS) and Netflix (NFLX). Picket lines have been put on pause as writers await a vote on the deal's conditions, which may include or guarantee residual payments tied to streaming data and creative control amid the growing popularity of AI. Bloomberg Intelligence Media Analyst Geetha Ranganathan joins Yahoo Finance to discuss the impact this tentative deal could have on streamers and TV networks. Ranganathan outlines how studios fared during this year's writers' strike, stating TV networks and talk show productions took "the real hit." Ranganathan notes the potential end to the strike has "major positive implications for the ecosystem at large," with studios now able to see an end in sight and carry over "momentum" into their talks with the Screen Actors Guild (SAG) For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
STORY: The three-year contract still must be approved by leadership of the Writers Guild of America (WGA,) as well as union members, before it can take effect.The WGA, which represents 11,500 film and television writers, described the deal as "exceptional" with "meaningful gains and protections for writers."The proposed contract is still preliminary. The WGA's negotiating committee said it would share details only after it receives final contract language. After that, the negotiators will vote on whether to recommend the deal to leadership, which must then decide if they will present it to members for a vote.But the WGA settlement, while a milestone, will not return Hollywood to business as usual even if it is ratified. While writing may resume, the SAG-AFTRA actors' union remains on strike.
Amazon (AMZN) has made an initial investment of $1.25 billion, according to Reuters, in the generative AI startup, Anthropic. Amazon is committed to potentially investing up to $4 billion in Anthropic, securing a minority ownership stake in the startup. Anthropic is recognized for its 'Claude' AI system, which provides assistance to users by answering their questions, similar to ChatGPT. Anthropic will leverage Amazon's resources in its development efforts, including Amazon Web Services and the company's custom chips. This investment trend aligns with the broader movement of tech giants, such as Microsoft (MSFT), Google (GOOG, GOOGL), and Meta (META), increasingly investing in artificial intelligence. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
The whole purpose of saving for retirement is to have money to tap once your career comes to an end. It's important to know how RMDs work, which retirement plans they apply to, and how to avoid them. An RMD is a withdrawal you must take from a tax-advantaged retirement plan at a certain age.
STORY: From a gold smartwatch to a smart car, Huawei Technologies showcased a series of new products on Monday (September 25). But the Chinese tech giant failed to reveal more details about the new Mate 60 smartphone series, disappointing millions of viewers online.CEO of Huawei's consumer business group, Yu Chengdong."Today is a special day, special thanks to the whole nation for their tremendous support, especially since the launch of the Pioneer Program, our products have been widely loved and trusted by everyone. We are working overtime urgently to manufacture even more."The event was expected to see Huawei break its silence on the handset.But as the two hour-long event progressed, commentators on the livestream began asking when the company would talk about the smartphone.By Monday afternoon, after the event ended, the topic began trending on social media, with an outpouring of complaints online.Huawei did not immediately respond to a request for comment.Since 2019, the U.S. has cut the company's access to advanced chipmaking tools and crippled its smartphone unit.The Mate 60 has been hailed by Chinese state media as a sign Huawei has overcome the U.S. sanctions.And is seen as the company's first major effort to challenge Apple's dominance in the smartphone market.It was launched without any fanfare last month during U.S. Commerce Secretary Gina Raimondo's visit to China. The timing of Monday's event was also seen as symbolic.It took place on the two-year anniversary of Huawei rotating Chairwoman Meng Wanzhou's return to China in 2021 after a nearly three-year detention over alleged attempts by Huawei-linked companies to sell equipment to Iran in breach of U.S. sanctions.The extradition drama became a source of discord between Beijing and Washington. Meng, Huawei founder's daughter, was allowed to return home after reaching an agreement with U.S. prosecutors.Huawei updated its official website after the event to add prices for its Mate 60 Pro+, which will start from $1,230.
It was a typical Netflix boast letting us know it had a new hit on its hands: The streaming service announced last week that its new...
Collaboration is a model for building reliable, high performance cellular connectivity solutions within today’s RV’sBOISE, Idaho, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Cradlepoint, the global leader in cloud-delivered LTE and 5G wireless network edge solutions, today announced a collaboration with MobileWare and Cedar Creek by Forest River Inc. in advancing recreational vehicle connectivity. Powered by the integration of MobileWare’s Single SIM™ and Cradlepoint mobile cellular routers, Cedar Creek
Passport Bros, a leading platform, has unveiled the highly anticipated Airdrop program for the $BROS Token, poised to redefine the cryptocurrency landscape. This revolutionary initiative allows participants to collect free $BROS Tokens worth up to $25 through a two-tiered referral system.London, UK, Sept. 25, 2023 (GLOBE NEWSWIRE) -- With the new developments, Passport Bros introduces the game-changing airdrop of the $BROS token. The $BROS Token Airdrop program marks a significant leap forward i
ELLICOTT CITY, Md., Sept. 25, 2023 (GLOBE NEWSWIRE) -- Huntress, the managed security platform for small and mid-sized businesses (SMBs) and the managed service providers that support them, is thrilled to announce that CRN®, a brand of The Channel Company, has named Kellie Luth, Manager of Channel Account Management, as one of the IT channel’s 100 People You Don’t Know But Should for 2023. Every year, this list honors the people working tirelessly behind the scenes to craft and maintain the chan
PASADENA, Calif., Sept. 25, 2023 (GLOBE NEWSWIRE) -- via IBN -- As the retail world stands on the verge of an unprecedented evolution, VenHub and DoBot Robotics join hands in an alliance poised to redefine the collective retail experience. Deeply rooted in continued innovation and customer obsession, the merger between VenHub's autonomous retail and DoBot Robotics' cutting-edge technology heralds the highly anticipated retail renaissance. Alla Huang, GM of DoBot USA, said, "In VenHub, we found n
SAN RAMON, Calif., September 25, 2023--Audubon expands into California with multidisciplinary field and EPC services for pipeline, power, utility, and clean energy operations.
Market Study on Zink Printing is driven by the instant printing and growing demand for portable printing devices.New York, Sept. 25, 2023 (GLOBE NEWSWIRE) -- The market for Zink Printing was estimated to be worth US$ 1.45 Billion in 2022, and by the end of 2033, it is expected to have increased to US$ 2.18 Billion. Zink printing's market is anticipated to reach US$ 1.48 Billion in 2023 and is projected to expand at a CAGR of 3.9% from 2023 to 2033. The zinc printing market has witnessed signific
Acronis, a global leader in cyber protection The Channel Company, has named Rares Matei, Global Distribution Program Manager at Acronis, as one of the IT channel’s 100 People You Don’t Know But Should BURLINGTON, Mass., Sept. 25, 2023 (GLOBE NEWSWIRE) -- Acronis, a global leader in cyber protection, is thrilled to announce that CRN®, a brand of The Channel Company, has named Rares Matei, Global Distribution Program Manager at Acronis, as one of the IT channel’s 100 People You Don’t Know But Shou
In this video, I will talk about SoFi Technologies (NASDAQ: SOFI), why the stock crashed 20% last week, the possible impact of underwriting the Instacart IPO, and why I believe this company will reward long-term investors.
"Bruce would really want us to be in the joy of what is," Emma said, during an emotional interview on Monday's 'Today' show
Yahoo Finance