Life

Meal Kits From James Beard Chefs-in-Training

Redbox Entertainment Rally Continues

Redbox Entertainment Inc. (RDBX) shares are surging more than 77 percent on Monday morning, continuing an increase since July 22 after analysts gave ‘Hold’ rating. There were no corporate announcements on the date to influence the stock movement today.

Currently, shares are at $5.52, up 80.98 percent from the previous close of $3.05 on a volume of 41, 181,216, almost double the average volume of 21,409,095.

U.S. Senator Demand SEC Intervention For Crypto Regulation

Senator Elizabeth Warren (D-MA) is seeking intervention from the Securities & Exchange Commission as several crypto platforms go bankrupt and investors losing money.

Last week, Celsius Network became the third major crypto lender to file for bankruptcy recently.

“Congress needs to act, but the SEC has a responsibility to use its authorities to put guardrails in place and crack down on crypto actors that break the rules,” Senator Warren told Yahoo Finance.

“I’ve been ringing the alarm bell on crypto and the need for stronger rules to protect consumers and financial stability,” Warren added. “Too many crypto firms have been able to scam customers and leave ordinary investors holding the bag while insiders make off with their money.”

In an exclusive interview to Yahoo Finance, SEC Chair Gary Gensler said that rules for traditional brokerages to protect investors in the event of a brokerage failure could also apply to crypto.

“Just as there’s difference between asset-backed securities and an equity offering, there may be differences here as well,” Gensler told Yahoo Finance in an exclusive interview.

“The public benefits by knowing full and fair disclosure and that somebody is not lying to them…basic protections and whether you’re buying a crypto token or a security such as equities or a security such as an asset-backed security, those basic disclosures.”

Open Lending Stocks Still Bearish

Shares of Open Lending Corp. (LPRO) are sliding more than 10 percent on Monday morning trade continuing a bearish trend since July 22. The trend was not supported by any corporate announcement on the day.

Currently, shares are at $9.82, down 11.12 percent from the previous close of $11.05 on a volume of 512,976. For the 52-week period, the shares have traded in a range of $9.12-$42.96 on average volume of 926,554.

US Reports 20K New Covid Cases, 14 Deaths

With 20202 new cases reporting on Sunday, the total number of people infected with coronavirus in the United States has risen to 90,419,012, as per Johns Hopkins University’s latest data.

14 additional deaths on the same day took the total U.S. Covid casualties to 1,026,959.

Texas reported the most number of cases – 10,109 – and deaths – 11.

Covid deaths have increased by 38 percent while cases increased by 19 percent in the last two weeks, New York Times’ latest tally shows.

More than 43000 people are currently in American hospitals with the coronavirus, an increase of 15 percent over the last two weeks. More than 4800 of these patients are admitted in intensive care units, marking 14 percent rise in a fortnight.

86,371,941 people have so far recovered from the disease, the Worldometer tally shows.

820 additional deaths were reported globally on Sunday, taking the total number of people who lost their lives due to the pandemic so far to 6,384,565.

Varonis Systems Stock Slips 7% After Wolfe Research Downgrades

Shares of Varonis Systems, Inc. (VRNS) are currently slipping nearly 7% on Monday morning after analysts at Wolfe Research downgraded the stock.

VRNS is currently trading at $27.07, down $2.02 or 6.94%, on the Nasdaq. The stock opened its trading at $28.38 after closing previous day’s trading at $29.09. The stock has traded between $26.48 and $73.46 in the past 52-week period.

Varonis Systems was downgraded by analysts at Wolfe Research from an “outperform” rating to a “market perform” rating.

Varonis Systems provides software products and services that allow enterprises to manage, analyze, alert, and secure enterprise data in North America, Europe, the Middle East, Africa, and internationally.

South African Wine Without the Buzz

Lautus De-Alcoholised Wine, a new import for the United States, offers nonalcoholic sauvignon blanc and a red blend.

Send any friend a story

As a subscriber, you have 10 gift articles to give each month. Anyone can read what you share.


By Florence Fabricant

Very Stock Slips Further

Veru Inc. (VERU) shares are declining more than 3 percent on Monday morning trade, continuing a downtrend. The company said the Medicines and Healthcare Products Regulatory Agency or MHRA supported the expedited review of the marketing authorization application for Sabizabulin Treatment in Hospitalized COVID-19 Patients.

Currently, shares are trading at $13.53, down 3.97 percent from the previous close of $14.09 on a volume of 3,058,920. The shares have traded in a range of $4.34-$18.40 on average volume of 13,462,034.

Meal Kits From James Beard Chefs-in-Training

Part of a Beard House chef residency includes creating a meal kit with dinner for two.

Send any friend a story

As a subscriber, you have 10 gift articles to give each month. Anyone can read what you share.


By Florence Fabricant