“Google is clearly trying to modernize what has been this golden goose, which is their search business, while also trying to modernize the format that they’re able to deliver to users on YouTube with Shorts,” said our analyst Max Willens, following Alphabet’s third-quarter earnings. “We might be at the beginning of an environment where it’s tough to build momentum around either of them.” How we got here: Last month, Alphabet revealed only modest third-quarter gains after a booming… Source link

Beyond Meat’s disappointing earnings prompted a price-target plunge from Mizuho analyst John Baumgartner. Though he kept a Neutral rating on the stock, he slashed the firm’s price target to $11.00 from $27.00. In its third-quarter earnings results, the plant-based giant posted a wider-than-expected loss on adjusted earning per share, but beat on revenue estimates as it targets cash flow positive operations within the second half of 2023. Net revenue decreased by 22.5%… Source link

TOKYO–(BUSINESS WIRE)–Hewlett Packard Enterprise (NYSE: HPE) today announced that Yahoo! JAPAN has chosen HPE Asset Upcycling Services to ensure end-of-use hardware gets refurbished and reused wherever possible, to meet its sustainability goals. Yahoo! JAPAN provides internet services to approximately 86 million users. In order to deliver a state-of-the-art user experience the company is constantly modernizing its technology environment. Yahoo! JAPAN pledges to be carbon… Source link

Klarna is expanding into the competitive world of price comparisons, with the launch of a new tool that compares prices across thousands of retailers. The company quietly rolled out the price comparison service in the U.S. a few weeks back, and is now extending this into additional markets in Europe including The U.K. and the Nordics. The European “buy now, pay later” fintech has had a turbulent year, laying off 10% of its workforce in May followed by a second… Source link

Klarna is expanding into the competitive world of price comparisons, with the launch of a new tool that compares prices across thousands of retailers. The company quietly rolled out the price comparison service in the U.S. a few weeks back, and is now extending this into additional markets in Europe including The U.K. and the Nordics. The European “buy now, pay later” fintech has had a turbulent year, laying off 10% of its workforce in May followed by a second… Source link

U.S. stock futures started the week on a downbeat note early Monday as Wall Street hinges on another round of earnings from the retail sector. Futures tied to the S&P 500 (^GSPC) inched lower by 0.3% in premarket trading, while futures on the Dow Jones Industrial Average (^DJI) ticked down by 0.2%. The technology-heavy Nasdaq Composite (^IXIC) declined by as much as 0.4%. Stocks on Friday ended the week with their biggest gains in months, with lighter inflation data sparking hopes among… Source link

Monday is a little light, especially since the primary slate of DFS contests on Yahoo doesn’t include a 5:30 p.m. ET start between the Islanders and the Senators. However, that means you have until 8:30 p.m. ET to get your lineups in, so you have a little extra time. Here are some players to target, and to avoid, for your DFS contests. GOALIE Antti Raanta, CAR at CHI ($33): Frederik Andersen may return, but that’s up in the air, and Raanta has looked decent thus far. He has a .911 save… Source link

(Bloomberg) — US stock futures declined Monday and Treasury yields rose as a cautious tone from a Fed speaker tempered some of the ebullience that inflation may have peaked. Most Read from Bloomberg Contracts on the tech-heavy Nasdaq 100, typically more sensitive to interest rates, slipped 0.6% while those on the S&P 500 dropped 0.4%. Losses in New York premarket trading were concentrated in tech names, with Tesla Inc., chipmakers Nvidia Corp., Intel Corp. and Micron Technology Inc. shedding… Source link

AMD may be in the position to gain market share in the competitive chip space. Baird analyst Tristan Gerra upgraded AMD stock to Outperform in a new note. Gerra sees the stock popping 35% to $100. The stock gained 2% in pre-market trading to nearly $74. Gerra thinks AMD’s new Genoa chips, released last week, will further widen its competitive moat. “Supply chain checks highlight strong reception of Genoa (5nm Zen 4) at data center OEMs, which are shifting significant resources in support of… Source link

By Akash Sriram (Reuters) – Every time Lucid Group Inc or Rivian Automotive Inc sells an electric car, they are losing hundreds of thousands of dollars due to staggering raw material and production costs, their latest earnings statements showed. Quarterly reports from electric vehicle (EV) makers from the past two weeks show them struggling to hit delivery targets and rapidly burning through cash. Lucid’s cost of revenue surged to $492.5 million in the July-September quarter from $3.3 million a… Source link