More mobile consumers after getting a COVID-19 vaccine hasn’t slowed the online car buying boom that the pandemic helped create. At least that’s a takeaway from the second quarter earnings out of online car-selling leader Carvana (CVNA). Carvana said Thursday evening that it sold 107,815 retail units in the second quarter, up 96% from a year ago. It marked the company’s first time selling over 100,000 units. The company saw a record level of gross profit per unit. Some $45 million in net… Source link

Google considered buying Epic Games as the companies sparred over Epic’s Fortnite Android app, according to newly unsealed court filings. Last night, Google lifted some of its redactions in Epic’s antitrust complaint against Google, which Epic amended and refiled last month. The complaint still omits many details about Google’s dealings with specific companies, but the new details reflect internal Google communications about competition on the Android platform. Epic claims Google… Source link

(Bloomberg) — Robinhood Markets Inc.’s wild week took another turn on Friday morning when it said that some early investors who filed to sell millions of shares won’t be able to do so until they get clearance from the U.S. Securities and Exchange Commission. Shares of the company climbed as much as 17% at the open in New York before parting some of the gains to trade at $50.33 in late morining in New York. The trading platform said no sales can be made off of the Thursday filing until an… Source link

With the rise of work from home setups, interest in home security systems has increased, and with good reason. According to data compiled by security and safety site Safe At Last, there are 2.5 million burglaries per year, and the average loss per burglary is approximately $2,400. However, a recent study from the University of North Carolina at Charlotte demonstrated that the presence of a camera can help deter burglars and protect any home. Yesterday, Google announced its next generation of… Source link

Robinhood (HOO) shares closed 7.9% higher on Friday, closing out a wild trading week, Shares of the trading platform gained 57% over the last five sessions after massive gains on Tuesday and Wednesday.  Yesterday shares tanked 27% after news that some stockholders would be cashing out up to 97.8 million shares. Those sales are on hold until receiving clearance from the Securities and Exchange Commission. That will likely happen after the company reports second-quarter results on Aug…. Source link

U.S. employers added back more jobs than expected last month, with payroll gains moving in tandem with improving economic activity and consumer mobility during the recovery. The jobless rate also fell to the lowest level since March 2020, improving more than expected.  The U.S. Labor Department released its July jobs report Friday morning at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus estimates compiled by Bloomberg: Change in non-farm payrolls: +943,000… Source link

New York City is the first city in the nation to require proof of Covid-19 vaccinations for workers and customers at indoor restaurants, gyms and entertainment venues.  The executive order takes effect Aug. 16, but even before the mandate was announced, world renowned chef Eric Ripert said his 3-Michelin-starred seafood restaurant, Le Bernardin, would require its customers and staff to show proof of vaccination as the Delta variant spreads. Ripert told Yahoo Finance Live that despite some… Source link

A Los Angeles official is spearheading a COVID-19 vaccine passport initiative similar to one New York City announced this week, as the more contagious Delta variant adds to more hospitalizations and deaths, which is complicating reopening plans around the country. The Big Apple will soon require proof of vaccination in restaurants, bars, entertainment venues and gyms — becoming the first major U.S. city to do so — as the more contagious Delta variant continues to spread, primarily among… Source link

Developers successfully completed a ‘hard fork’ of ethereum on Thursday, essentially changing the underlying code that the cryptocurrency relies on to run. Photo: Jakub Porzycki/NurPhoto via Getty A successful change to the code underlying the world’s second biggest cryptocurrency ethereum (ETH-USD) has helped improve sentiment and drive crypto prices higher. Developers successfully completed a “hard fork” of ethereum on Thursday, essentially changing the underlying code that the… Source link

Opposition politicians raise questions over why billionaire’s application was approved quickly at time when others were being turned away amid pandemic. Google co-founder Larry Page has gained New Zealand residency, officials confirmed, stoking debate over whether extremely wealthy people can essentially buy access to the South Pacific country. Immigration New Zealand said Page first applied for residency in November under a special visa open to people with at least 10 million New Zealand… Source link