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Apple downgraded by Jefferies on iPhone pricing concerns
Proactive5d agobearish
Apple downgraded by Jefferies on iPhone pricing concerns

Apple Inc (NASDAQ:AAPL, XETRA:APC) shares fell about 2% on Monday after Jefferies downgraded the stock to Underperform, citing challenges in Apple’s efforts to develop higher-priced iPhone models and lift average selling prices. Along with the rating downgrade, Jefferies lowered its price...

The Trade Desk crash exposed a much bigger problem
TheStreet5d agobearish
The Trade Desk crash exposed a much bigger problem

The Trade Desk (TTD) has reported the kind of profits that could shift how Wall Street values a growth stock permanently. The digital-advertising company’s shares plunged roughly 22% on Aug. 7, according to Barron's, falling to their lowest level since January 2019 and becoming the S&P 500’s ...

Strategy sells more bitcoin as Michael Saylor unloads
Yahoo Finance Video5d agobearishVIDEO
Strategy sells more bitcoin as Michael Saylor unloads

Scott Melker discusses the latest crypto-related headlines, including Michael Saylor's (MSTR) sale of another $108M of bitcoin (BTC-USD). "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.

US appeals court allows thousands of lawsuits against social media companies over user addiction claims to proceed
Reuters5d agobearish
US appeals court allows thousands of lawsuits against social media companies over user addiction claims to proceed

A U.S. appeals court on Monday allowed thousands of lawsuits to move forward against Meta Platforms, Alphabet's Google, ByteDance's TikTok, and other social media companies over claims they designed their products to be addictive to young ‌users. The San Francisco-based 9th U.S. Circuit Court of Appeals rejected the companies’ bid to reverse a lower court’s ruling forcing them to ‌face some 2,400 lawsuits over the claims filed in federal court. The companies, which also include Snap Inc's Snapchat, had argued that Section 230 of the Communications Decency Act of 1996 -  which ​shields them from lawsuits over content posted by their users - also shields them from allegations that they failed to warn the public about the addictive nature of their platforms.