Toyota has recalled more than 1 million cars over faulty backup cameras. What to know if your vehicle is affected
Yahoo Finance· 2025-11-22 22:30
America’s most popular car brand is recalling more than one million vehicles (1). On Oct. 30, Japanese vehicle manufacturer Toyota announced a sweeping recall of several models released between 2020 and 2023 as a result of malfunctioning backup cameras (2). The Toyota Newsroom stated that drivers of some Toyota and Lexus models could experience a blacked out or frozen camera when reversing, a violation of federal car safety standards (3) . Must Read Thanks to Jeff Bezos, you can now become a landlord f ...
MRX Deadline: MRX Investors with Losses in Excess of $100K Have Opportunity to Lead Marex Group plc Securities Fraud Lawsuit
Prnewswire· 2025-11-22 22:20
Core Points - Rosen Law Firm is reminding investors who purchased Marex Group plc securities between May 16, 2024, and August 5, 2025, of the December 8, 2025, lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who bought Marex securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by December 8, 2025 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. Group 2: Case Allegations - The lawsuit alleges that during the Class Period, Marex made materially false and misleading statements, including selling over-the-counter financial instruments to itself and inconsistencies in financial statements [5]. - It is claimed that Marex's financial statements could not be relied upon, and positive statements about the company's business were materially misleading [5].
Bitcoin ATM Firm Weighing $100 Million Sale Following Money Laundering Charges
Yahoo Finance· 2025-11-22 22:01
Core Viewpoint - Crypto Dispensers, a Chicago-based operator of cryptocurrency ATMs, is considering a potential sale valued at approximately $100 million amid legal challenges related to a money laundering scheme [1][3]. Company Overview - Crypto Dispensers operates ATMs that allow users to buy and send Bitcoin and other cryptocurrencies [1]. - The company and its founder, Firas Isa, have pleaded not guilty to a money-laundering conspiracy charge, which carries a maximum sentence of 20 years in federal prison [2]. Legal Challenges - The U.S. Department of Justice has filed charges against Crypto Dispensers and Isa, alleging involvement in a $10 million money laundering scheme [1][2]. - The DOJ claims that the company received funds from victims and criminals through Bitcoin ATMs, converting these illicit funds into cryptocurrency and transferring them to other wallets, despite KYC requirements [2]. Potential Sale - Crypto Dispensers is evaluating a potential sale and has retained advisors to support this review as consolidation accelerates in the cash-to-crypto and digital asset infrastructure sector [3]. - Isa stated that the review aims to understand the next stage of growth and determine the path that creates the most value for the platform [3]. Market Context - The potential sale comes as cryptocurrency markets have experienced a downturn, with Bitcoin's price falling to nearly $81,000, its lowest since April, after reaching a record high of $126,000 in early October [5].
1 Reason to Think Twice Before Buying Beyond Meat (BYND) Stock This Week -- or Any Week
Yahoo Finance· 2025-11-22 21:55
Core Insights - Beyond Meat has experienced a significant decline in stock value, with investors losing 98% of their investment since its market debut in 2019 as of November 18 [1] - The current price-to-sales ratio of 0.25 is well below its five-year average of 1.5, indicating a potential "value trap" for investors [2] - Recent quarterly earnings show a 13% year-over-year revenue decline and a nearly 18% drop in gross profit, with a net loss of $111 million compared to a loss of $27 million the previous year [3] Company Performance - CEO Ethan Brown mentioned efforts to achieve sustainable operations through cost reductions and strategic growth initiatives, raising concerns about the potential impact on future growth [4] - Despite a 51% increase in share price over the past month, this may be attributed to speculative trading rather than long-term investment interest, suggesting a possible "dead cat bounce" [5] - With shares trading below $1, Beyond Meat is categorized as a penny stock, which is often associated with high risk and potential failure [5] Investment Considerations - Analysts from The Motley Fool Stock Advisor have identified ten stocks they believe are better investment opportunities than Beyond Meat, indicating skepticism about its future performance [6] - The company has lost significant investor capital and is currently viewed as a risky investment option [7]
SOXL vs. SSO: How These Leveraged ETFs Compare on Risk, Returns, and Diversification
Yahoo Finance· 2025-11-22 21:52
SSO delivers 2x daily exposure to the full S&P 500, spreading risk across 503 holdings and multiple sectors -- though technology, financials, and consumer cyclicals dominate. Its largest weights are in Nvidia, Microsoft , and Apple , each accounting for less than 10% of total assets. SSO’s broader base means less sector concentration risk, but its leverage reset quirk means the same compounding caveat applies.SOXL is a highly concentrated play on the semiconductor industry, with only 44 holdings -- all of w ...
Is Opendoor Stock a Millionaire Maker?
Yahoo Finance· 2025-11-22 21:50
Core Viewpoint - The Federal Reserve's rate cuts have not yet translated into lower mortgage rates, impacting the housing market and companies like Opendoor, which is adapting its business model in response to these challenges [1][6]. Group 1: Opendoor's Market Position - Opendoor became the leading iBuyer in the U.S. after its competitors Zillow and Rocket's Redfin exited their capital-intensive iBuying platforms in 2022 [2]. - The company's growth accelerated in 2021 due to a post-pandemic buying frenzy, but has since cooled as rising interest rates limited home purchases and negatively affected margins [3]. - Opendoor's stock price saw a dramatic increase of over 1,300% in the past five months, recovering from a record low of $0.51 per share in June [5][6]. Group 2: Business Model and Strategy - Opendoor utilizes AI algorithms to make instant cash offers for homes, renovate them, and relist them, a model that thrives in low-interest environments but struggles with high rates [4]. - The company is diversifying its operations by signing listing partnerships with home builders and real estate platforms, and enhancing its AI algorithms to create a new marketplace called Opendoor Exclusives [9]. - This transformation aims to shift Opendoor from a pure iBuyer to a more diversified AI and software company, potentially attracting more investors [10]. Group 3: Financial Outlook - Analysts project Opendoor's revenue to grow at a compound annual growth rate (CAGR) of 8% from 2024 to 2027, with adjusted EBITDA expected to turn positive by the final year [10]. - The company's enterprise value is $6 billion, trading at 1.6 times next year's sales, compared to Zillow's 15.2 billion enterprise value at nearly five times next year's sales [11]. - If Opendoor meets analysts' expectations and achieves a CAGR of 10% through 2036, its stock could potentially grow nearly 13 times over the next decade [12].
Waymo gets regulatory approval to expand across Bay Area and Southern California
TechCrunch· 2025-11-22 21:45
Core Insights - Waymo has received authorization to operate fully autonomously in a larger area of California, expanding its reach significantly [1][2] - The company plans to welcome riders in San Diego by mid-2026, with intentions to launch in multiple other cities as well [3] - Recent announcements indicate Waymo's expansion into new markets, including Minneapolis, New Orleans, and Tampa, while also removing safety drivers in Miami [4] Summary by Sections Expansion of Operations - Waymo is now authorized to operate in most of the East Bay, North Bay, and Sacramento in Northern California, and from Santa Clarita to San Diego in Southern California [2] - The company has plans to expand its services to additional cities, including Dallas, Denver, Detroit, Houston, Las Vegas, Miami, Nashville, Orlando, San Antonio, Seattle, and Washington, D.C. [3] Future Plans - Waymo aims to start offering rides in San Diego by mid-2026, although specific timelines for other regions remain unclear [3] - The company is also preparing to provide rides that utilize freeways in major cities like Los Angeles, San Francisco, and Phoenix [4] Industry Context - As Waymo expands its operational territory, there are discussions about the potential for increased usage of robotaxis, which may lead to new patterns of behavior among users [6]
Caesars Palace fined $7.8 million over Shohei Ohtani interpreter’s money laundering issues
Fortune· 2025-11-22 21:11
Nevada gaming regulators voted to fine Caesars Palace $7.8 million Thursday over failing to comply with anti-money laundering rules, settling a case that centered on an illegal bookmaker with ties to the former interpreter for the baseball star Shohei Ohtani.The Nevada Gaming Control Board alleged that Caesars Palace failed to verify bookmaker Mathew Bowyer’s source of funds as he gambled millions of dollars between 2017 and 2024, despite suspicions being raised on several occasions and an anonymous tip tha ...
Legendary golf course company files Chapter 11 bankruptcy
Yahoo Finance· 2025-11-22 21:07
Industry Overview - Golf remains a popular sport in the U.S., with a record 47.2 million Americans aged 6 and above participating in 2024 [1] - The golf industry is experiencing a mix of growth and challenges, highlighted by significant investments and bankruptcies [2][3] Company Developments - Topgolf Callaway Brands Corp. has signed an agreement to sell a 60% stake in its Topgolf and Toptracer business to private equity funds for approximately $1.1 billion [2] - Nicklaus Companies LLC, a prominent golf-course designer, filed for Chapter 11 bankruptcy protection after a $50 million damages judgment in a lawsuit [5] - The bankruptcy filing by Nicklaus Companies includes assets between $10 million to $50 million and liabilities ranging from $500 million to $1 billion [6] Bankruptcy Filings - Several golf businesses have filed for Chapter 11 protection in 2025, including PinSeekers DeForest, which operates a hybrid-golf entertainment venue [3] - Notable golf course bankruptcies include Meadows Country Club in Florida, which filed for Chapter 7 liquidation, and Wohali Land Estates LLC's golf course in Utah, which filed for Chapter 11 with approximately $13 million in debt [4]
I Just Retired At 62 With $980K Between My 401(k), Roth IRA, And Brokerage Account—Which Do I Tap First So I Don't Get Crushed on Taxes?
Yahoo Finance· 2025-11-22 21:01
Core Insights - The article discusses the financial planning challenges faced by retirees, particularly in the context of account withdrawal strategies and tax implications [1][2][4]. Group 1: Retirement Financial Situation - Jim and Carla have a total retirement savings of $980,000, with additional emergency funds of $38,000 [1]. - Their monthly expenses are approximately $4,200, and Carla contributes $18,000 annually from her part-time job [1]. - Jim plans to delay Social Security benefits until age 67 to maximize his future payout [1]. Group 2: Withdrawal Strategy and Tax Implications - The article highlights the importance of the order in which retirement accounts are accessed, as withdrawing from the wrong account can lead to significant tax liabilities [2][4]. - Jim is concerned about required minimum distributions (RMDs) starting at age 73, which could push him into a higher tax bracket [2]. - The classic withdrawal order suggests using taxable accounts first, followed by tax-deferred accounts, and finally tax-free Roth accounts to maximize growth [4][6]. Group 3: Individual Retirement Contributions - Carla has limited retirement savings due to taking time off to raise children and only began contributing to a Roth IRA in her 50s [3]. - Jim's initial plan was based on his savings being sufficient for both him and Carla, highlighting the need for a comprehensive retirement strategy [3].