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Microsoft (MSFT) could easily go hunting for another whale of an acquisition with its $130.6 billion in cash, analysts say.  It has a lot of options on where it could look. “There are lots of different areas that we think Microsoft could acquire. We think Microsoft will continue to be acquisitive. I think there is plenty of opportunity for them to continue to expand their cloud application footprint. If you think about it, they have less than 10% market share in front office applications…. Source link

The median U.S. home price just passed $400,000 for the first time ever, according to data from the St. Louis Federal Reserve. In the third quarter the median home price hit $404,700, jumping nearly 20% since third quarter of 2020, when the median sales price was $358,700. Though it’s an eye-catching number, the market has been hot of late, and a lack of inventory and high demand means foretold the rise in home prices. According to a recent note from Goldman Sachs, home prices could rise… Source link

FFacebook CEO Mark Zuckerberg. (AP Photo/Andrew Harnik, File) 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 Wednesday, October 27, 2021 Without younger users, Facebook could be in big trouble Former Facebook (FB) employee Frances Haugen fired up lawmakers, parents, and likely many others by leaking a trove of seemingly damning internal company… Source link

Corvette pusher GM is feeling a bear raid on Wednesday even as execs at the company continue to supremely hype its push to electric vehicles and the profits they believe will rain down on the automaker as a result.  Shares of GM tanked nearly 6% in Wednesday afternoon trading in the wake of the company’s third quarter earnings report. Experts told Yahoo Finance there is some disappointment on the Street on how GM’s margins and and market share fared in the quarter, as well as cautious… Source link

Alphabet is still the darling of Wall Street after another blowout quarter from the tech beast Tuesday night.  And one line item continues to standout in particular as a key driver of the bull thesis on the stock: operating margins.  Jefferies analyst Brent Thill points out Alphabet’s operating profit margins hit 39.2% in the third quarter, up for five straight quarters as the company sees strong momentum behind its search business and YouTube premium. The upward slope in margins comes… Source link

Rent the Runway (RENT) started trading above its IPO price on Wednesday before dipping below that level over the course of the session. Shares closed the session down 8% at $19.29 each. The stock had opened at $23 per share after the fashion rental company priced its debut at $21 each, at the top of its marketed range.  The company raised $357 million in the public offering. Rent the Runway offers subscribers “the world’s largest shared closet” of over 18,000 styles by more than 750… Source link

Voyager is the first international partner of the Dallas Mavericks, joining forces to make crypto more accessible for all TSX: VOYGOTCQX: VYGVFBorse Frankfurt: UCD2 NEW YORK, Oct. 27, 2021 /CNW/ – Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, has entered into a five-year exclusive, integrated partnership with the Dallas Mavericks, becoming the team’s first… Source link

McDonald’s (MCD) on Wednesday reported third quarter earnings results that topped Wall Street’s expectations, boosted by strong sales growth across the board as customers were enticed by a range of new menu items, even amid a resurgence of COVID-19 cases worldwide.  Here’s the Golden Arches reported, compared to Wall Street estimates , according to a Bloomberg consensus estimate: Revenue: $6.20 billion versus $6.03 billion expected Adj. earnings per share (EPS): $2.76 (excluding special items)… Source link

The blank check company that announced a planned merger to take former President Trump’s social media project public has seen shares give back about half of their impressive 1200% rally from last week. Shares of Digital World Acquisition Corp. (DWAC) at Tuesday’s close were down by about 57% from Friday’s peak as investors weighed potential risks that exist beyond believing the company will be able to deliver on building out Trump’s social media platform as promised. Beyond that, there’s the… Source link

(Bloomberg) — Advanced Micro Devices Inc. gave a strong forecast indicating that market share gains, particularly in servers, are helping it make up for a tight supply of chips. Fourth-quarter revenue will be about $4.5 billion, plus or minus $100 million, Santa Clara, California-based AMD said Tuesday in a statement. That compares with an average analyst estimate of $4.25 billion. The chipmaker is on course to exceed an earlier forecast and post a sales gain of 65% for 2021, it said. Most… Source link