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MOSCOW, Aug 19 (Reuters) – A Moscow court on Thursday fined Alphabet Inc’s Google (GOOGL.O) 6 million roubles ($80,881) for failing to delete content that Russia deems illegal, the second such penalty to be imposed on the U.S. tech giant in less than a week. Amid a wider standoff with Big Tech, Russia has hit Google and other companies with a series of small fines in the past year, some concerning banned content and others for failing to localise user data on Russian territory. read more

Jerome Powell, chairman of the Federal Reserve. The Fed’s meeting notes showed that officials agreed on slowing the pace of bond purchases later this year. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images European markets declined on Thursday morning in London, pulling back after anxiety shook Wall Street about the potential tapering of bond purchases.  The FTSE (^FTSE) was down 2.1% by 9.40am, Germany’s DAX (^GDAXI) was down 1.7% and the CAC (^FCHI) was almost 2.8% lower.  Over the… Source link

The Big 10 school is the first campus to deploy Grubhub delivery via Yandex robots as students return for the fall semester CHICAGO, Aug. 19, 2021 /PRNewswire/ — Grubhub, the leading online and mobile food-ordering and delivery platform on college campuses, and Yandex Self-Driving Group (SDG), a leading autonomous vehicles developer inside Yandex, one of Europe’s largest internet companies, will roll out delivery via Yandex’s robots at its first college campus — The Ohio State University… Source link

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Robinhood’s (HOOD) earnings call included a series of previously submitted shareholder questions ranging from “Will HOOD pay out a dividend in the future?” to “Is Robinhood getting a crypto wallet?” The investment app has no plans to issue dividends, and as for crypto wallets, “it’s something our team is working on” but it’s currently challenging because of scale, answered CEO Vlad Tenev.  In line with the company’s “democratize finance for all” theme, the trading platform allowed… Source link

Stock futures opened slightly lower Wednesday evening after a selloff during the regular trading day, driven by jitters over a potential shift in monetary policy that might remove some of the stimulus underpinning equity markets.  Contracts on the S&P 500 ticked lower. Earlier, both the S&P 500 and Dow dropped more than 1% to post a back-to-back session of gains.  Shares of Robinhood (HOOD) dropped more than 8% after the trading platform delivered its first earnings report since going… Source link

Nvidia (NVDA) reported its fiscal Q2 2022 earnings after the bell on Wednesday, beating Wall Street expectations on the back of the continued growth of the company’s important data center and gaming segments, driving revenue up a whopping 68% year-over-year for the quarter. Here are the most important numbers from the report compared to what analysts were expecting, as compiled by Bloomberg. Revenue: $6.51 billion versus $6.33 billion expected EPS: $1.04 versus $1.01 expected Data Center:… Source link

Robinhood’s (HOOD) revenue based on crypto transactions skyrocketed in the 2nd quarter, with more than 60% of its users trading digital currencies. However the company warned of lower revenue expectations for the third quarter. Shares fell about 5% in after hours.  “For the three months ended Sept 30, 2021, we expect seasonal headwinds and lower trading activity across the industry to result in lower revenues and considerably fewer funded accounts than in the prior quarter” read the… Source link

A Tesla sedan is shown after it struck a parked Laguna Beach Police Department vehicle in Laguna Beach, California, U.S. in this May 29, 2018 handout photo. (Image: Reuters) 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 National Highway Traffic Safety Administration’s probe into 11 crashes of Teslas (TSLA) using the company’s… Source link

Robinhood (HOOD) shares were up more than 7% by mid-session ahead of the trading platform’s first earnings report since becoming a public company. The results are highly anticipated given its retail user base and the stock’s wild ride following its IPO. This is what the Street is expecting, based on estimates compiled by Bloomberg.  Adjusted earnings (loss) per share: -.26 cents Revenue: $559.5 million In line with the company’s “democratize finance for all” theme, the trading platform has… Source link