Advanced Micro Devices (AMD) torched analyst forecasts again for the second quarter, in large part fueled by robust demand for chips for gaming consoles, PCs and servers.  “The demand for computing is just exploding everywhere,” AMD CEO Dr. Lisa Su said on Yahoo Finance Live. “I think whether it’s in PCs where you are working from home, schooling from home or returning to office, people want better devices and particularly in the data center, where there is just an incredible need for more… Source link

Robinhood shares began trading Thursday under the ticker HOOD, opening on the public markets at $38 per share. The shares had also been priced at $38. In the first half hour, the stock dropped around 5% to around $36. The stock was expected to be priced between $38 and $42, coming in at the lower end of the range, and giving the company a valuation of $32 billion.  The investing app offers a simple and mobile-first way for investors to buy stocks, ETFs, and even cryptocurrency and played a… Source link

Yandex N.V. YNDX reported second-quarter 2021 adjusted earnings of 4 cents per share, missing the Zacks Consensus Estimate by 89.7%. Further, the figure declined 50% sequentially and 55.6% year over year. Revenues were $1.12 billion. In ruble terms, the figure totaled RUB 81.4 billion, up 70% on a year-over-year basis and 11.4% from the previous quarter. The reported revenue figure includes the consolidated financial results of Yandex.Market. Strength across the company’s online advertising… Source link

Yandex N.V. (YNDX Quick QuoteYNDX – Free Report) reported second-quarter 2021 adjusted earnings of 4 cents per share, missing the Zacks Consensus Estimate by 89.7%. Further, the figure declined 50% sequentially and 55.6% year over year. Revenues were $1.12 billion. In ruble terms, the figure totaled RUB 81.4 billion, up 70% on a year-over-year basis and 11.4% from the previous quarter. The reported revenue figure includes the consolidated financial results of… Source link

Retail investors have upended conventional market dynamics in 2021, showing institutional investors and hedge funds that they are a force to contend with. “The one dynamic that will change is, I think, big institutionally-driven hedge fund players will not get out over their skis the way that Archegos did,” Keith Bliss, a former NYSE trader and president of Capital2Market, told Yahoo Finance (video above). “But what the instructive part of that whole episode was that these bigger… Source link

MOSCOW, July 29 (Reuters) – Russia on Thursday fined Google 3 million roubles ($41,017) for violating personal data legislation, Google’s first fine for that offence, Moscow’s Tagansky District Court said. Google confirmed the fine and offered no further comment. The penalty comes amid a wider standoff between Russia and Big Tech, with Moscow routinely fining social media giants for failing to remove banned content and seeking to compel foreign tech firms to open offices in Russia. read more

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)    * Ford, Qualcomm rise after strong earnings    * Didi Global jumps on report it could go private    * Banks, industrials, mining stocks gain after dovish Fed    * Futures: Dow up 0.41%, S&P adds 0.17%, Nasdaq down 0.17% (Adds comments; updates prices)    By Sagarika Jaisinghani    July 29 (Reuters) – The S&P 500 and the Dow indexes were set to rise on Thursday as a… Source link

The interest appears to be building for Ford’s first-ever all-electric F-150 dubbed the Lightning. Ford (F) has amassed 120,000 orders for the Lightning, CEO Jim Farley told investors on an earnings call Wednesday evening. About 75% of the orders are from those people new to the Ford brand, Farley said.  In late May, Ford said it had 70,000 orders for the Lightning. “I would say what we’ve learned so far [from Lightning orders] is that the customers are largely new to Ford, but they aren’t new… Source link

“Sugar dating” apps will not be allowed on the Android Play Store from September 1st, Google has announced as part of a series of policy changes for the platform. The change, which was first reported by Android Police, specifically prohibits apps relating to “compensated sexual relationships.” Other changes coming to the platform include a new crackdown on inactive developer accounts, Google says. Traditionally, sugar dating relationships involve older, wealthier individuals… 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 Thursday, July 29, 2021 Things happen in markets, according to the Fed chair The Federal Reserve wrapped up its latest two-day policy meeting on Wednesday, and offered investors a few surprises.  As Yahoo Finance’s Brian Cheung notes, the Fed’s statement and subsequent press conference from Fed chair Jerome Powell “hinted that the U.S. economic… Source link