Bank of America (BAC) CEO Brian Moynihan sees his firm not only as a legacy bank, but as a financial technology company on the cutting edge of digital innovation.  “We’re clearly a technology company,” Moynihan said at Yahoo Finance’s All Markets Summit on Monday. “We spend about $3.5 billion a year on new code implementation. New products and services are driven by technology.”  Digital payments have been a key component of Bank of America’s business, and have comprised a sizable proportion… Source link

Robinhood (HOOD) will report earnings on Tuesday after the closing bell. These are the metrics Wall Street analysts will be expecting for the investing app’s third quarter results, according to consensus estimates compiled by Bloomberg. Investors will be paying attention to commentary around the company’s recently announced crypto wallet. CEO Vlad Tenev recently told CNBC more than 1 million people are on the waiting list since announcing the wallet last month.  Cryptocurrency has becoming… Source link

Home price growth in the U.S. may finally be slowing down. Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 19.8% annual gain in August, the same from July — remaining at an all-time high. The 20-City Composite posted a 19.7% annual gain, down from 20% a month earlier. The 20-City results were slightly down below analysts’ expectations of a 20% annual gain, according to Bloomberg consensus estimates. “In August 2021, the National… Source link

The Honor 50 is releasing globally with prices starting at €529, the former Huawei sub-brand announced today. The smartphone was originally announced for the Chinese market in June, but today sees the company confirm its global pricing and its early November release date. For €529 (about $615), you get 6GB of RAM and 128GB of storage, and there’s also a €599 (about $695) model with 8GB of RAM and 256GB of storage. Honor says the phone will be available in over 40 countries, but… Source link

The great — which has , holiday — has bottlenecked West Coast ports, and drawn the involvement of the White House to address it. As the disruption reaches a boiling point and adds to rising price pressures, longshoremen, union representatives and truck drivers have pointed fingers over which party is best positioned to alleviate some of the strains. Cargo ships afloat in the Pacific Ocean demonstrate the convergence of strong consumer demand, and a widespread shortage of bodies to meet… Source link

Yandex (NASDAQ:YNDX) had its price objective upped by equities researchers at Citigroup from $82.00 to $90.00 in a research report issued to clients and investors on Tuesday, The Fly reports. The brokerage presently has a “buy” rating on the information services provider’s stock. Citigroup’s price target would suggest a potential upside of 16.81% from the company’s current price. Other equities research analysts also recently issued reports about the stock. Zacks Investment Research raised… Source link

Internet, October 26, 2021. Yandex has appointed Dmitry Ivanov as its Chief Sustainability Officer. Prior to this appointment, Dmitry has been an important executive sponsor of a variety of corporate sustainability initiatives and was a coordinator of the Helping Hand, a community initiative launched in 2020 that focuses on leveraging Yandex’s services to assist vulnerable groups across our biggest markets. “Dmitry’s readiness to play the critical role… Source link

Companies big and small that rely on semiconductors as the lifeblood of their business may not want to hear Intel CEO Pat Gelsinger’s guidance for when the chip crisis will end. But, it’s one of the most honest assessments yet of the current mess that is slowing production of everything from Whoop fitness straps to pickup trucks from General Motors and Ford to electric autos out of Tesla. “With or without the CHIPS Act, we think we still have some rough road in front of us. And I’ve said we… Source link

[unable to retrieve full-text content]Yandex Q3 2021 Earnings Preview  Seeking Alpha Source link

SAN FRANCISCO, CA – MAY 28: Google senior vice president of product Sundar Pichai delivers the … [+] keynote address during the 2015 Google I/O conference on May 28, 2015 in San Francisco, California. The annual Google I/O conference runs through May 29. (Photo by Justin Sullivan/Getty Images) Getty Images A new report from The Information claims Google CEO Sundar Pichai is making the company’s connected TV business a “top priority,” as the company battles… Source link