Yahoo News

Semiconductors are proving to be the engines that drive the electronics world of today, as they are being used in different applications. These include 5G, data centers, Internet of Things (IoT), mobiles, and automotive applications. A Fortune Business Insights report indicated that while the semiconductor market was worth $425.96 billion last year, it is expected to grow to $803.15 billion in 2028. This indicates a compounded annual growth rate (CAGR) of 8.6% between 2021 and 2028. Using the… Source link

Soon after bitcoin (BTC-USD) startled investors with a rare drop below $30,000 last week, the cryptocurrency has rebounded dramatically in recent days, rising well above $40,000.  The sudden bounce back has cheered bitcoin bulls but also underscored a concern among critics that the volatility of the most popular cryptocurrency makes it useless for the buying and selling of goods.  Pavan Sukhdev, the president of environmental advocacy group WWF International and a former managing director at… Source link

The federal government made an about-face to its mask guidance on Tuesday, advising even some vaccinated people to wear masks indoors — making a decision that could push employers to rethink how they go about reopening their doors.  The updated guidance from Centers for Disease Control and Prevention (CDC) says due to the spread of COVID-19’s Delta variant, fully vaccinated people should wear a mask indoors in public in areas with ”substantial or high transmission.” The guidance also… Source link

Robinhood’s IPO is a little bit different. A handful of companies last year saw their share price surge as they made their debut in the public market. Last December, for example, Airbnb (ABNB) zoomed from an IPO price of $68 to $146 as its shares began trading. Buying shares in an IPO and capturing the initial “pop” is enticing, but regular investors typically can’t buy in (they’re usually reserved for institutional investors and wealthy investors). Regular folks have to wait until… Source link

Supply constraints and increased demand drove the average price of a new car to $41,044 in July, an all-time high, according to J.D. Power’s latest U.S. Automotive Forecast. “We can’t get to $41,000 without both a supply chain issue that we’re seeing from microchips, as well as increased consumer demand that is not being met with the supply available,” J.D. Power Vice President of Data & Analytics Tyson Jominy told Yahoo Finance.  The previous high, set in June, was $39,942. “Too few vehicles… Source link

Intel CEO Pat Gelsinger told Yahoo Finance Live he has over 100 companies in the pipeline that want the tech giant to produce the chips it designs.  “The industry needs the supply. Intel is stepping into that with leading-edge technologies for a globally balanced supply chain. This is good for the United States and it’s good for the tech industry,” Gelsinger said. The chipmaker already has its first two customers in a budding foundry business, or the building of chips for others. Intel (INTC)… Source link

(Bloomberg) — Rio Tinto Group, the world’s biggest iron ore miner, reported its highest-ever interim profit and will pay $9.1 billion in dividends as the company and its global rivals cash in on this year’s commodities rally. Rio is the first of the majors to post earnings, kicking off a reporting season that’s expected to see record results across the board. The industry has been one of the biggest beneficiaries from the world’s efforts to emerge from the pandemic. The trillions of… Source link

(Bloomberg) — A continuing recovery in Bitcoin has put the largest cryptocurrency on course for its longest winning streak this year. The virtual coin rose as much as 6.1% to top $40,000 and was trading at about $39,700 as of 8:15 a.m. in London on Wednesday. It’s advanced for eight straight days. Other coins including second-ranked Ether climbed, boosting the Bloomberg Galaxy Crypto Index. “The current momentum is strong” and $45,000 is in sight but a conclusive break above $50,000… Source link

Stock futures added to losses in late trading on Tuesday, with investors digesting a slew of Big Tech earnings results and looking ahead to another set of reports on Wednesday. A monetary policy statement from the Federal Reserve is also slated for release. Contracts on the S&P 500 dipped about 0.25% at the start of the overnight session. The index, as well as the Dow and Nasdaq, pulled back from record levels during the regular trading day.  Shares of Apple (AAPL) and Microsoft (MSFT) fell… Source link

Alphabet, the parent company of search giant Google (GOOG, GOOGL) blew away Wall Street’s second quarter estimates on Tuesday, bolstered by strength in advertising and cloud computing. Here were the main results from Alphabet’s report, compared to consensus estimates compiled by Bloomberg: Thanks to the tech giant’s linchpin, Google Search, ad revenues skyrocketed by 69% from the comparable year ago quarter. Overall total revenue soared by 62% from Q2 of 2020. During the quarter, “there was a… Source link