Vanessa Pham might not be a household name on Wall Street yet, but she has plenty of time to make that happen. The 29-year-old co-founded Asian food startup Omsom with her sister, Kim. The company sells chef-crafted packaged noodles and sauces. So far, Omsom has managed to sell more than 4 million products and is available in more than 2,000 stores, including Whole Foods (AMZN), Target (TGT), and Sprouts (SFM). Pham and her sister, the daughters of Vietnamese refugees, were able to secure investors such as Away Co-founder and CEO Jen Rubio, Zola Co-founder and CEO Shan-Lyn Ma, and food-focused VC firm New Fare Partners Founder Elly Truesdell. At Omsom’s office in Bushwick, Brooklyn, Pham gives Yahoo Finance Senior Reporter Brooke DiPalma a literal taste of how she leads her small team to shake up ethnic aisles and change the way consumers eat and think about Asian cuisine. “Omsom is all about being proud and loud, especially when the stereotype of Asian Americans in America's kind of like submissive, or docile,” Pham says. “Omsom is our true kind of energy and ethos and spirit.” Pham details not only how she and her sister have managed to build the brand at such a young age, but also how they were able to launch during the pandemic and endure the collapse of Silicon Valley Bank, which held the business’s capital. Lead This Way is an interview series that features frank conversations with today’s leaders. The series gives consumers and investors an inside look into the innovative thinking and diverse life experiences of some of the biggest players in business to find out how they lead through change, and how they define success for themselves and their organizations. For more on our Lead This Way series, click here, and tune in to Yahoo Finance Live for more expert insight and the latest market action, Monday through Friday. Editor's note: This article was written by Luke Brooks.
The Hong Kong Monetary Authority said the second phase will delve deeper into select cases from the first phase.
“People with very high expectations have very low resilience—and unfortunately, resilience matters in success,” the billionaire tech founder said.
Fantom (FTM) price shows bullish signs as exchange supplies drop. Technical analysis suggests key price levels to watch for future growth.
As the adoption of generative AI in business continues to grow, the banking sector is the latest to embrace the technology, aiming to boost productivity and streamline operations. Wells Fargo Managing Director and Head of US Large-Cap Bank Research Mike Mayo joins Yahoo Finance Live to discuss his top AI picks in the banking industry, emphasizing that "if a bank does not have a good AI strategy, I would say they don't have a strategy." Mayo names JPMorgan (JPM) as his "best-in-class" pick, stating that the bank has the potential to become "the Nvidia of banking." He highlights that "more than any other bank" JPMorgan possesses the necessary resources, spending power, data, processes, and personnel to successfully implement and leverage AI across its business. Mayo notes JPMorgan's massive amount of data "is the fuel for AI," which the bank can utilize to gain valuable insight into its operations. Like TikTok's recommended content algorithm, JPMorgan can take advantage of "predictive behavior" models for its consumers. On the other hand, Mayo identifies Citigroup (C) as his "worst-in-class" pick, stating that "they've failed the last twelve restructurings." He notes that the bank has fallen short on returns and efficiency. However, Mayo says that their consolidation into "five lines of business" could make it easier to tackle problems in each segment. "If they simply meet their targets, they will probably have some of the best year-over-year performance of any large bank." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
JPMorgan Chase & Co. CEO Jamie Dimon's opinion is highly valued when it comes to topics in economics and finance. So, when Dimon discusses topics ranging from rate cuts to Bitcoin, it is worth listening. At the Australian Financial Review Business Summit, Dimon spoke first about rate cuts and what path the Federal Reserve should take in 2024. Don't Miss: If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019, here’s how much you’d have today. About 22% of the adult population
Inflows of nearly $1.8 billion so far this week alone were enough for this year to break the prior record of $10.6 billion for the whole of 2021.
Blockaid co-founder Raz Niv discusses common scams and phishing attacks in crypto and what can be done to avoid them.
Chinese social media users are accusing Nongfu Spring of being pro-Japan and using Japanese-styled artwork. The company denies the accusations.
Ryder Ripps’ defense counsel rejected Yuga Labs' claims in a follow-up filing earlier this week, as the legal dispute drags on.
Coinbase plans to sell $1 billion in debt to institutional investors as the crypto market flies high.
Texas-based Core Scientific, which recently started trading again on Nasdaq, reported earnings for the entire fiscal year of 2023.
Bored Ape Yacht Club (BAYC) NFTs were once the hottest bit of digital property on Ethereum's NFT market but now Yuga Labs's signature collection and other
Analyst Eleanor Terrett of FOX Business believes that the crypto industry is becoming an influential force ahead of the 2024 U.S. elections.
The Central Bank of Israel has announced plans to introduce a unique Central Bank Digital Currency called the Israeli shekel.
CoinShares veers into spot Bitcoin ETF scene with Valkyrie takeover
Three of the Magnificent Seven –– Apple (AAPL), Alphabet (GOOG,GOOGL), and Tesla (TSLA) –– are lagging behind the other four. Apple is the second largest laggard, down 10% year to date. The company has seen four quarters in a row of declining iPhone sales, weakness in Chinese markets, a hefty EU fine, and a major patent dispute. Analysts have taken note of the tech giant's challenges, with several firms downgrading the stocks or removing them from their buy lists. Needham & Co. Senior Media & Internet Analyst Laura Martin joins Yahoo Finance to discuss Apple's performance and her optimism about a turnaround. Martin points to Apple's installed base of two billion devices: "What they have is sort of consumer lock-in for that group of devices...Maybe demand is slower in China, but they have these really wonderfully wealthy demographics already using their ecosystem. So they need to add advertising to drive revenue growth, its a $600 billion a year business and they do $2 billion a year in it. They need to add advertising to get growth back and also advertising has 80% profit margins. They need to figure out a way to add more services and software that they can get more subscription revenue, which is a 60% margin, to get more revenue per device." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
Canton Network is an interoperable blockchain network designed to improve institutional transactions between traditional firms.
Shares of Archer-Daniels-Midland Co. (ADM) are trading higher as the company announced employees have received subpoenas from the Department of Justice amid an investigation into the company's accounting practices. Reuters reported the probe centers on ADM's disclosure that certain inter-business unit sales within the company were not registered at amounts approximating market value. Finance Anchors Brad Smith and Seana Smith break down the latest developments and potential ramifications for the company. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
Two-thirds of those polled in an Aleo study said they would adopt products that protect user, data but very few trust crypto firms.
As the cryptocurrency market continues to experience a surge in bullish momentum, investors are fervently seeking out high-potential projects with the
You read that right, crypto mavericks! Bitgert has just put the entire industry on notice with a mind-blowing 200%+ price surge in under 24 hours. This
While memecoins have not always been the first choice for investments in the past, new-age investors do not shy away from putting their investments
Musk' foundation is below par when it comes to meeting its mandatory annual donation requirement under U.S. tax laws, the New York Times found.
Bitcoin (BTC-USD) is one of the center focuses on Wall Street this week as the cryptocurrency hit a new all-time high above $72,000 per coin. While many investors are thrilled, some investors are cautious due to the extremely volatile nature of the asset. Mizuho Americas Senior Financial Technology Analyst Dan Dolev and Matt Ballensweig, BitGo Managing Director and Head of Go Network, joins Yahoo Finance to discuss how investors can take advantage of the recent bitcoin rally. Dolev actually starts by warning investors to stay away from crypto investing: "Let's talk about Coinbase (COIN) specifically, they are a take-rate business. And take rates are always bound to be a race to the bottom. And eventually, there's going to be more competition and they are already getting out pricing concessions. In January, they gave out a pricing concession for people who are trading 500,000 or above. So pricing pressure is starting and competition is heating up. So the fact that I don't believe in the underlying currency — bitcoin — that's one thing, but irrespective of that, I think Coinbase is that minus take-rate pressure and competition." Ballensweig explains his bullish stance on the digital asset: "Institutions are starting to pile in through the nine new bitcoin ETFs. And the flows really don't lie here, there is demand for BTC as an asset. BlackRock through the IBIT ETF (IBIT) did $2 billion in volume yesterday. In total, the ETFs now hold over $55 billion in just their first 60 days of trading. So the flows really don't lie here." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
Monad Labs is eyeing a more than $200 million fundraising round, led by venture capital firm Paradigm, as investor attitudes warm toward the digital assets industry.
Crypto friendly American asset manager Ark Invest sees Bitcoin's price hitting $1 million before 2030, according to CEO Cathie Wood in a recent interview
