Key use cases to explain YFI’s high value

The crypto industry is known for its dramatic price action, euphoria and bubbles. In the latest sustained fad since the 2017 initial coin offering, or the ICO boom, the decentralized finance niche of the industry now captivates the attention of many participants. One particular asset within this niche, YFI, has pumped to amazing price heights, totaling at least 4,400% gains inside a two-month span. Is this price action warranted, and does the token have actual value?

“YFI’s value lies in its design as a governance token, allowing the community to vote and decide on the direction of the Yearn Finance project,” Jason Lau, the chief operating officer of the OKCoin crypto exchange, told Cointelegraph. “As activity within the project and vaults grow, YFI holders can change strategies, launch new vaults, and potentially even redirect treasury or fees to themselves at a later date.”

“While YFI currently does not offer any

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CANADA FX DEBT-C$ retreats from 5-week high as vaccine worries weigh on sentiment

(Adds strategist quotes and details throughout; updates prices)

* Canadian dollar weakens 0.2% against the greenback

* Loonie touches a five-week high intraday at 1.3095

* Price of U.S. oil increases nearly 2%

* Canadian bond yields ease across a flatter curve

By Fergal Smith

TORONTO, Oct 13 (Reuters) – The Canadian dollar weakened
against its U.S. counterpart on Tuesday after a high-profile
COVID-19 vaccine trial was paused, crimping risk appetite, with
the currency pulling back from an earlier five-week high.

The loonie was trading 0.2% lower at 1.3143 to the
greenback, or 76.09 U.S. cents. The currency touched its
strongest intraday level since Sept. 8 at 1.3095.

“I don’t think there is anything CAD specific about the
move,” said Alvise Marino, a foreign exchange strategist at
Credit Suisse in New York. “It is in line with the broader price
action in risky assets.”

The Dow and the S&P 500

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The consultants in high demand during the pandemic and their salaries

  • The management consulting market declined by $30 billion due to decreased client demand during the coronavirus pandemic, but certain areas are still growing. 
  • Experts told Business Insider that technology, healthcare, and strategy consulting remain steady areas of growth for major firms like KPMG, McKinsey, and Boston Consulting Group.
  • Consultants with specializations in digital transformation, corporate turnarounds, and cybersecurity are in higher demand right now. 
  • Here are the practice areas that will expand in response to the coronavirus and how much they pay. 
  • Visit Business Insider’s homepage for more stories.

If you’re looking for a job in management consulting right now, it pays to be in a booming sector. 

The coronavirus pandemic has upended the management-consulting industry. The market for consultants has declined this year to an estimated $132 billion from $160 billion because of decreased client demand, according to research platform Statista. The crisis put a strain on corporate budgets,

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Low on Diversity, but High on Performers, Boston Beer taps Michael Lynton and Sam Calagione for Board

Earlier this October, the Boston Beer Company ((SAM) -Get Report) announced the appointment of Michael Lynton (B+) and Sam Calagione to its board.

Lynton previous worked as CEO at Sony Entertainment and the Penguin Group, and was president of Time Warner International. He currently serves as chairman of the board of Snap Inc, the owner of Snapchat. In addition to Boston Beer and Snap, Lynton serves on the boards of Ares Management, Schrödinger, and Warner Music Group. Lynton will be replacing director David P. Fialkow, a venture capital managing director who resigned earlier this year.

Calagione is the founder of Dogfish Head Brewery, which was acquired by Boston Beer in July 2019 for $300mm. It was decided Calagione would join the board in April 2020, but only once an independent replacement for the aforementioned Fialkow was found.

Lynton and Calagione make the Boston Beer board 9 strong. Both

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Pepsi Target at Wall Street High on Expected Wider Margins

PepsiCo  (PEP) – Get Report was upgraded by Citigroup analyst Wendy Nicholson to buy from neutral, as she anticipated wider profit margins at the drinks-and-snacks giant.

Nicholson raised her share-price target to $169 — a Wall Street high, according to Bloomberg — from $148. 

Pepsi shares recently traded at $141.76, up 2.4%. They have risen 3% year to date, while the S&P 500 has gained 9% during that period.

The new target indicates 22% upside for the stock from Friday’s close at $138.44.

Improving operating margins could boost Pepsi shares, Nicholson wrote in a commentary cited by Bloomberg. The stock’s multiple should “expand considerably from current levels,” she said

“Structural issues as a result of its business mix” have pressed the Purchase, N.Y., company’s operating margin thinner than that of giant consumer-staple peers Procter & Gamble  (PG) – Get Report and Coca-Cola  (KO) –

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Atlassian Close To All-Time High Ahead Of Earnings (NASDAQ:TEAM)

Application software firm Atlassian (TEAM) has performed extremely well over the last few years. The stock is up almost 145% over the last two years, while the S&P 500 is up a far more modest 21%. Even when compared to the iShares Expanded Tech-Software Sector ETF (IGV), Atlassian has gained twice as much as the sector.

Atlassian is getting ready to report fiscal first-quarter results in the next few weeks, and the stock is trading near an all-time high ahead of that earnings report. I wasn’t able to find the exact earnings date, as the company didn’t have the event on its Investor Relations page just yet. Several websites, including the Wall Street Journal, have the earnings report coming out on October 15. Based on the fact that Q4 2020 results were released on July 30 and third-quarter results were released on April 30, I am thinking the report

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PSE&G customers getting sticker shock from high bills again. Here’s why that’s happening.

For the second month, New Jersey residents are complaining of shockingly high utility bills after months of estimated meter readings, according to dozens of readers and complaints to the Board of Public Utilities.

Between Aug. 24 and Sept 24, the Board of Public Utilities received more than 229 complaints regarding high utility bills for PSE&G, 36 for JCP&L, 26 for ACE and nine for Rockland, spokesman Peter Peretzman said in a statement to NJ Advance Media.

“My bill, it’s over $500,” said Kevin Davitt of Glen Rock. “We have a window unit so it eats up the electricity in the summer, but this was just unusually high.”

And Hoboken resident Kailey Elfstrum said her bill jumped from $106 to $523. While she expected her bill to go up when she moved from her one-bedroom apartment across the street to her two-bedroom apartment, she was dismayed at the hundreds more

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Airbus deliveries reach monthly high in September but sales stay subdued

So far this year, Airbus has sold 379 planes or a net total of 300 after cancellations. Photo: Getty
So far this year, Airbus has sold 379 planes or a net total of 300 after cancellations. Photo: Getty

Airbus (AIR.PA) reached the highest number of monthly deliveries in September, although order activity remained quiet as COVID-19 continues to hammer the aviation sector.

It delivered 57 jets in September this year, up from 39 in August and exceeding the 55 achieved in February 2020, just before the onset of the airline crisis.

The European planemaker made 341 deliveries over the last nine months including 18 A220s, 282 A320 Family, 9 A330s and 32 A350s. This figure was down 40% from the 571 deliveries the same period last year, with the fall in output triggered by the pandemic.

A significant number of planes were delivered from a parked backlog. Its backlog stands at 7,441 aircraft compared to 7,133 at the same point in 2019.

The only order change registered was the

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BMO Harris review: good for in-person banking, high CD rates

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.

  • You can open a BMO Harris (Member FDIC) bank account at one of over 500 branches in nine states, or online from around the US.
  • BMO Harris is a good brick-and-mortar bank, but if you’re looking to bank online, you’re better off with an online-only bank that pays higher rates.
  • The bank pays higher CD rates than most brick-and-mortar banks, but you’ll need $5,000 to open an account.
  • See Business Insider’s picks for the best CD rates »

Is BMO Harris the right fit for you?

You might like BMO Harris if you … You might not like BMO Harris if you …
  • Live near a branch, OR are comfortable
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US weekly jobless claims remain high at 840,000

WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell slightly last week to a still-high 840,000, evidence that job cuts remain elevated seven months into the pandemic recession.

The latest sign of a flagging recovery comes two days after President Donald Trump cut off talks over a new rescue aid package that economists say is urgently needed for millions of unemployed Americans and struggling businesses. A failure to enact another round of government aid would crimp household income and spending, and some economists say it would raise the risk of a double-dip recession.

Thursday’s report from the Labor Department said the number of people who are continuing to receive unemployment benefits dropped 1 million to 11 million. The decline suggests that many of the unemployed are being recalled to their old jobs. But it also reflects the fact that some have used up the 26 weeks of their

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