OREANDA-NEWS.  The capitalization of the Russian company Yandex, following the results of trading on November 3 on the Nasdaq exchange in the United States, exceeded $30 billion for the first time. According to Bloomberg, the market value of the parent structure of Yandex N.V., registered in the Netherlands, amounted to $30.119 billion. According to the results of the last trading, the company’s shares were worth $84 per paper. During the day, the shares rose by 1.31%. Yandex N.V. Class A… Source link

(Bloomberg) — Cathie Wood’s exchange-traded funds sold 3.9 million shares in Zillow Group Inc. on Wednesday as the stock’s rout deepened — a day after buying 288,813 of the securities. Most Read from Bloomberg The stake offloaded was about $255 million, assuming Wednesday’s closing price. That’s about 10 times the value of the shares purchased on Tuesday, when Seattle-based Zillow pulled the plug on its tech-powered home-flipping operation. Zillow’s stock has suffered as investors… Source link

A 3D printed Google logo is seen in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration SEOUL, Nov 4 (Reuters) – Alphabet’s (GOOGL.O) Google said on Thursday it plans to allow third party payments systems in South Korea in order to comply with the country’s new law, which bans major app store operators from forcing software developers to use their payments systems. Google’s announcement comes after the Korea Communications Commission’s (KCC) request for the U.S. tech giant… Source link

Former Acting Director of National Intelligence Ric Grenell weighs in on Google’s crack down on digital ads promoting false climate change claims, arguing that it is a ‘slide toward fascism.’  Google is pursuing a massive cloud-computing contract with the Department of Defense, nearly three years after abandoning a similar bid process in the face of employee protests. The head of the Alphabet Inc. subsidiary’s cloud division, Thomas Kurian, met this week with Pentagon officials to… Source link

When Sonos purchased a privacy-focused voice assistant Snips in 2019, it strongly implied that it planned to build an assistant that would “add to our customers’ ease of use and control” instead of going head-to-head with bigger assistants from other big tech companies. Nearly two years later, we might be close to being using the company’s homegrown assistant, as a Reddit user found code in the Sonos app that appears to show voice commands for Sonos Voice Control (via Protocol).

Stock futures opened little changed Wednesday evening to hold near record highs, with investors contemplating the the Federal Reserve’s decision to begin paring back some of its monetary policy support as the economic recovery progresses further. Earlier during the regular session, each of the S&P 500, Dow and Nasdaq set record intraday and closing highs yet again, with the Fed’s latest monetary policy decision compounding with optimism over a slew of stronger-than-expected quarterly… Source link

Google is reportedly “aggressively” working on winning a contract with the Pentagon, even though some of its previous Department of Defense work sparked major backlash from employees, according to The New York Times. According to the report, Google’s Cloud division has reassigned engineers to work on a proposal for Google to contribute to the Joint Warfighting Cloud Capability program, which the DoD describes as an attempt to “achieve dominance in both traditional and… Source link

Zillow (Z, ZG) will stop flipping homes, in a move that came just one day after Bloomberg reported that it was unloading 7,000 homes that it bought via its home-flipping business. The company, known for its online real estate listings, probably should have never ventured into home flipping, also known as iBuying, according to Barbara Corcoran, real estate veteran and “Shark Tank” host. Zillow started Zoom Offers, its iBuying service, in 2018 under the stewardship of CEO Richard Barton, who… Source link

Legendary investor Jeremy Grantham says US stocks are in a ‘magnificent bubble’ even crazier than in 1929 — here are 3 of his safe haven selections Jeremy Grantham, legendary investor and a pioneer of index fund investing, has added his voice to the chorus of financial wizards who expect today’s runaway stock market to soon hit the wall. Grantham recently told CNBC that equities in the U.S. are in a “magnificent bubble,” larger even than those in 1929 and 2000, which kicked off the… Source link

Uber’s recent tie-up with Hertz and Tesla on the electric vehicle front has garnered a good bit of attention (and market gains for Hertz and Tesla, in particular), but Lyft’s co-founder John Zimmer wants to remind everyone his company was first to pledge to an all-electric fleet future.  Zimmer reiterated in an interview on Yahoo Finance Live on Wednesday a commitment to have an all-electric fleet by 2030. The company is in active discussions with the major automakers to bring EVs to its… Source link