(Bloomberg) — Texas Instruments Inc. gave a revenue forecast for the current period that disappointed some investors, raising concerns that a jump in chip demand caused by the pandemic will be short-lived. The stock fell in early U.S. trading.Sales will be $4.4 billion to $4.76 billion in the period ending in September, Texas Instruments said Wednesday in a statement. Profit will be $1.87 to $2.13 a share, the company said. On average, analysts predicted profit of $1.97 a share and sales of… 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 22, 2021 Urgent listings are on the rise. Hiring can be a challenging process.  Over the last several months, we’ve written about the abundance of open jobs in America, the impact retirements have had on the workforce, and the higher wages companies are offering to meet labor shortfalls.  And a new report from job posting website… Source link

Elon Musk appeared to reverse his position on Tesla accepting bitcoin, as the currency heads towards a more climate-friendly future. Photo: Joe Skipper/Reuters Electric car magnate Elon Musk has said his company Tesla (TSLA) will likely start accepting bitcoin (BTC-USD) again for vehicle purchases, a U-turn on his stance on the cryptocurrency.  Justifying the move, he said on Wednesday at the B-Word conference, an event hosted by the Crypto Council for Innovation: “It looks like bitcoin is… Source link

The UAE’s awarding last week of a slew of huge drilling contracts aimed at increasing its crude oil output capacity from around 4 million barrels per day (bpd) to 5 million bpd underlines that the principal market risk from an oil trader’s perspective is still skewed towards further supply against a backdrop of an uneven bounce back in demand following the height of the global COVID-19 crisis in 2020. In the short- and medium-term, significant supply increases are likely to come from… Source link

(Bloomberg) — Tesla Inc. has struck a nickel-supply deal with BHP Group, as the electric-car maker seeks to protect itself from a future supply crunch. BHP will provide the automaker with the metal from its Nickel West operation in Western Australia, the world’s biggest miner said in a statement. BHP gave few further details, but said the companies would work together to make the battery supply chain more sustainable. Telsa’s billionaire boss, Elon Musk, has repeatedly expressed concern… Source link

Futures ticked higher in Wednesday’s after-hours session, with investors looking to earnings and data for impetus to extend a 2-day rally that wiped out losses sustained during the worst trading day of 2021.  During the regular session, stocks rode a 2-day hot streak, calibrating a resurgence of COVID-19 cases against a red-hot economic expansion that continues to gain momentum. In the process, strong earnings have helped the market heal from Monday’s pandemic-inspired meltdown, with… Source link

A fresh stimulus check may be on the way to you, thanks to your tax return More than four months after it started, the pandemic’s third round of stimulus checks is still going. The IRS says it continues to push out millions of relief payments — including extra money to people who already got a third check. The tax agency just announced it has sent out hundreds of thousands more bonus payments to Americans, based on information gleaned from recently filed tax returns. And over 1 million other… Source link

ATLANTA and SUNNYVALE, Calif., July 21, 2021 /PRNewswire/ — Google Cloud and The Home Depot have extended their multi-year cloud partnership to expand on the retailer’s digital transformation and provide customers with enhanced shopping experiences by blending physical and digital environments. As one of the first major retailers to migrate its website to the cloud, The Home Depot has built upon Google Cloud’s expertise in infrastructure, artificial… Source link

This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe The video game business will be harder for Netflix than streaming Netflix (NFLX) may need to reinvent itself as people become unglued to their couches and streaming competition from the likes of Disney (DIS) and Amazon (AMZN) heats up. Just Tuesday, Netflix reported a third-quarter new subscriber… Source link

Despite a labor shortage brought about largely by the COVID-19 pandemic, companies can find workers by offering “fair wages,” Brian Deese, the top economic adviser to President Joe Biden, told Yahoo Finance on Monday. Deese, the Director of the National Economic Council, pointed to coronavirus fears and child care obligations amid remote schooling as key reasons why unemployed Americans have stayed on the sidelines. However, employers can overcome these obstacles by providing fair… Source link