Yearly Archives: 2021

Top Netflix Hit ‘Squid Game’ Sparks Korean Media Stock Surge

(Bloomberg) — The latest smash hit from the Korean entertainment world “Squid Game” is also proving popular with investors, who have been snapping up shares of at least two companies related to the thriller series. Most Read from Bloomberg A dramatized survival game in the vein of “Hunger Games,” the show currently tops the global rankings on Netflix Inc., and is the first Korean drama to claim the No. 1 spot in the U.S. on the service, according to data from streaming ratings firm… Source link

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Micron’s Earnings to More Than Double in Q4, Revenue to Jump Over 30%

The world’s leading semiconductor manufacturer, Micron Technology, is expected to report its fiscal fourth-quarter earnings of $2.33 per share, representing year-over-year growth of more than 115% from $1.08 per share seen in the same quarter a year ago. The semiconductor company is expected to post revenue growth of over 30% to around $8.2 billion from a year earlier. According to ZACKS Research, for the fiscal fourth quarter, the company forecasts revenues of $8.2 billion (+/- $200… Source link

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Google in court to appeal EU’s 2018 Android antitrust case

LONDON (AP) — Google is heading to a top European Union court Monday to appeal a record EU antitrust penalty imposed for stifling competition through the dominance of its Android operating system. The company is fighting a 2018 decision from the EU’s executive Commission, the bloc’s top antitrust enforcer, that resulted in the 4.34 billion-euro ($5 billion) fine — still the biggest ever fine Brussels has imposed for anticompetitive behavior. It’s one of three antitrust penalties… Source link

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Apple CEO Tim Cook Buys Lavish Estate in La Quinta’s Madison Club

This deal actually closed a very long time ago, back near the dawn of time. (Two years ago, to be more precise, long before COVID-19 had entered the general lexicon and face masks were a political talking point.) But although long suspected, it’s taken until now to finally confirm that the mystery Silicon Valley buyer who paid $10.1 million for a mansion in La Quinta’s celebrity-infested Madison Club was Apple chieftain Tim Cook. Back in March 2020, astute news mavens may recall, Cook and… Source link

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What to know this week

Investors this week are set to closely monitor developments in Washington, D.C., as lawmakers race to pass legislation to avoid a government shutdown by the end of the month and debate raising the debt ceiling. Elsewhere, economic data on consumer confidence is also due for release. The Senate is expected to vote Monday on a procedural motion over the legislation passed by the House of Representatives last week. That bill included a plan to temporarily fund the government through early… Source link

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Why These 10 Stocks Were in the Spotlight This Week

In this article we will take a look at some notable stocks that were in the spotlight this week. You can skip our detailed analysis of these stocks and go to read Why These 5 Stocks Were in the Spotlight This Week. Some stocks that were in the spotlight this week included Intel Corporation (NASDAQ:INTC), Tesla, Inc. (NASDAQ:TSLA), Alphabet Inc. (NASDAQ:GOOGL), Amazon.com, Inc. (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT), Bank of America Corporation (NYSE:BAC), and Citigroup Inc. (NYSE: Source link

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Google to slash amount it keeps from sales on its cloud marketplace- CNBC

A sign is pictured outside a Google office near the company’s headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS/Paresh Dave/File Photo Sept 26 (Reuters) – Alphabet Inc’s (GOOGL.O) Google will take a smaller cut when customers buy software from other vendors on its cloud marketplace, CNBC reported on Sunday. The Google Cloud Platform is cutting its percentage revenue share to 3% from 20%, CNBC said, citing a person familiar with the matter. https://cnb.cx/2XZp7ep “Our goal… Source link

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Facebook’s wearable glasses can succeed where Google Glass flopped – TechCrunch

Ashish Bhatia Contributor Facebook recently announced its highly anticipated wearable sunglasses that can record video from a user’s perspective. Despite many of our legitimately squeamish reactions to this new product, one of Facebook’s decisions in this launch is likely to make it a success where Google Glass failed. Taking a page from the business school curriculum, Facebook leveraged an effectual approach to its launch by partnering with… Source link

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Google lowers its cloud marketplace revenue share to 3% from 20%

Thomas Kurian, chief executive officer of cloud services at Google LLC, right, speaks as Alpna Doshi, group chief information officer of Philips, listens during the Google Cloud Next ’19 event in San Francisco, California, U.S., on Tuesday, April 9, 2019. The conference brings together industry experts to discuss the future of cloud computing. Michael Short | Bloomberg | Getty Images Google is reducing the amount of revenue it keeps when customers buy software from other vendors on its cloud… Source link

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