Stocks rose on Monday, with the major equity averages looking to recover some losses after five straight sessions of declines. The Dow added more than 200 points, or 0.6%, shortly after the opening bell. Shares of Apple (AAPL) led the way higher as the stock shook off losses from Friday, which came after a California judge issued a permanent injunction against the iPhone-maker’s App Store policies amid an antitrust lawsuit with Epic Games. Investors also awaited a highly anticipated Apple… Source link

Google realized late last year that it may have been underpaying thousands of temporary workers around the world, but opted to initially change its pay structure only for newly hired temps, according to a pair of reports. Why it matters: The revelation comes amid growing workplace activism at Google, including the formation of a minority union that advocates for temporary and contract workers along with full-time employees. Driving the news: The New York Times and The Guardian both reported on… Source link

Starting next year, consumers will be able to buy smart home devices — like thermostats, lighting systems and kitchen appliances — that can talk to one another through a new connectivity standard called Matter. Why it matters: Interoperability of home devices has long been a distant dream, but big boys like Amazon, Google and Apple have coalesced around Matter, hoping it will become a common brand name governing the Internet of Things (IoT). How it works: Sometime in 2022, companies… Source link

Brokerages predict that Yandex (NASDAQ:YNDX) will announce earnings per share (EPS) of $0.02 for the current quarter, according to Zacks. Zero analysts have issued estimates for Yandex’s earnings. Yandex posted earnings per share of $0.27 in the same quarter last year, which would suggest a negative year over year growth rate of 92.6%. The business is scheduled to report its next quarterly earnings report on Wednesday, October 27th. According to Zacks, analysts expect that Yandex will… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, September 13, 2021 But that doesn’t mean you should sell The calls for a stock market correction are beginning to blow through the streets of Wall and Broad. We aren’t talking about the reiteration of a decade-long Nouriel “Dr. Doom” Roubini type call for a stock market crash due to the always easy excessive valuation and bloated government… Source link

Google Cloud is having some success when it comes to landing ad tech companies as new customers, but the companies that choose Google to manage their computing infrastructure are making a tricky bargain.  Google recently struck deals with 33Across, a publisher monetization company, and a crypto-marketing startup, Permission.io, to help power their businesses. In this way they are relying on the No. 1 internet ad company, while also competing in areas that overlap. This dynamic… Source link

A Pixel 6 vs Pixel 5a comparison is just what you need if you’re trying to figure out which new Pixel phone may be right for you this fall. The budget-friendly Pixel 5a is already available to buy, and it ranks as one of the best Android phones you can buy. That’s not a surprise — the Pixel 5a has a lot going for it, including offering the best camera experience under $500. But the Pixel 6 and Pixel 6 Pro are in the wings, waiting to take the Pixel line to a whole new level. From improved… Source link

(Bloomberg) — Stocks fell Monday as the risk of a slower recovery from the pandemic shadowed global markets and Chinese technology stocks buckled under the weight of Beijing’s regulatory clampdown. A Hong Kong gauge of Chinese tech names tumbled after a report that officials are seeking to break up Ant Group Co.’s Alipay. China’s online platforms have also been told to protect the rights of workers in the so-called gig economy. China’s overall stock market fluctuated, while Japan… Source link

After going through a combination of lockup expiry and uneventful earnings in August, SoFi Technologies, Inc. (NASDAQ: SOFI) held the line at US$14 level. While the stock is still struggling to break above US$16, we can probably agree that it is doing better than expected. Yet, in the face of the latest rating, we will examine our take on the intrinsic value through the discounted cash flow (DCF) method. Check out our latest analysis for SoFi Technologies The Latest Outlook With the worst,… Source link

California Gov. Gavin Newsom has turned to familiar Democratic faces in the final days of a campaign to keep his job.  President Joe Biden, Vice President Kamala Harris, and Senator Elizabeth Warren have all lent their voices to give the embattled governor a boost against a Republican-led effort to remove him from office. But if Newsom emerges victorious on Tuesday, he may have some big name tech executives, particularly Netflix (NFLX) co-founder and co-CEO Reed Hastings to thank. With a… Source link