Artist Don Kennell checks that everything is secured on his giant camel sculpture, titled Traverse, before sending it from La Puerta Originals on Wednesday in Santa Fe to the Googleplex in Mountain View, Calif. The 18-foot-tall, 6,000-pound statue will feature prominently inside Google’s headquarters. Source link
Read More »Nasdaq futures sink as Amazon shares slide on weak guidance
S&P 500 and Dow futures opened slightly higher, while Nasdaq futures sank as the overnight session kicked off to track a decline in heavily weighted component Amazon. The three major indexes had closed out Thursday’s regular session higher as investors contemplated more corporate earnings results and a second-quarter U.S. GDP report that missed lofty economists’ expectations. But traders appeared to take the latest economic data as a sign bolstering the Federal Reserve’s case to keep… Source link
Read More »Disney blasts Scarlett Johansson’s ‘Black Widow’ suit: ‘No merit whatsoever’
Scarlett Johansson and Disney (DIS) locked horns on Thursday over the release of “Black Widow,” with the entertainment behemoth dismissing a high-stakes breach of contract lawsuit as “sad and distressing.” Johansson, who starred in multiple Marvel Cinematic Universe movies as Natasha “Black Widow” Romanov, fired the first salvo in a bombshell filing that alleged Disney broke its contract with her by releasing her solo feature on streaming platform Disney+ on the same day as… Source link
Read More »Google becomes latest tech firm to delay reopening as Delta variant spreads | Google
Google has backtracked on plans to welcome most workers back to its sprawling campus in September, becoming the latest Silicon Valley company to delay reopening amid a surge in Covid cases. The company announced Wednesday it is postponing a return to the office until mid-October and rolling out a policy that will eventually require everyone who returns in person to be vaccinated. The decision sees Google join Apple and Netflix in postponing calling employees back to the office due to concerns… Source link
Read More »Ford Is Spring-Loaded For The EV Era
On Wednesday and week before its Detroit-rival General Motors (NYSE: GM) scheduled its second-quarter earnings results, Ford Motors (NYSE: F) raised its outlook for the year after delivering a surprising second-quarter profit. Upon the news, its stock was up by about 4% in after-hours trading. Q2 Figures Due to the ongoing global shortage of semiconductor chips which continues to disrupt production, the revenue of $24.13 billion slightly missed expectations. Ford revealed it lost production of… Source link
Read More »Robinhood Has the Worst Debut Ever for IPO of Its Size
(Bloomberg) — Robinhood Markets Inc. wanted to make history with its initial public offering, and now it has — for the wrong reason. Shares in the broker behind the meme-stock revolution fell 8.4% below the IPO price in the company’s first trading session. That’s the worst debut on record among 51 U.S. firms that raised as much cash as Robinhood or more, according to data compiled by Bloomberg. It dethroned the 2007 IPO by another brokerage, MF Global Holdings Ltd., as the worst debut… Source link
Read More »Amazon Q2 revenue falls short of estimates, Q3 forecasts disappoint
Tech juggernaut Amazon (AMZN) reported its Q2 2021 earnings after the closing bell on Thursday, missing expectations on revenue and falling short on Q3 guidance. Here’s are the most important numbers from Amazon’s report compared to analysts’ expectations as compiled by Bloomberg. Revenue: $113.08 billion versus $115.06 billion expected EPS: $15.12 versus $12.22 expected AWS revenue: $14.81 billion versus $14.18 billion expected Amazon’s stock was off as much as 5% following the earnings… Source link
Read More »‘Demand for computing is exploding’
Advanced Micro Devices (AMD) torched analyst forecasts again for the second quarter, in large part fueled by robust demand for chips for gaming consoles, PCs and servers. “The demand for computing is just exploding everywhere,” AMD CEO Dr. Lisa Su said on Yahoo Finance Live. “I think whether it’s in PCs where you are working from home, schooling from home or returning to office, people want better devices and particularly in the data center, where there is just an incredible need for more… Source link
Read More »Robinhood opens at $38 per share, falls 5% in first hour of trading
Robinhood shares began trading Thursday under the ticker HOOD, opening on the public markets at $38 per share. The shares had also been priced at $38. In the first half hour, the stock dropped around 5% to around $36. The stock was expected to be priced between $38 and $42, coming in at the lower end of the range, and giving the company a valuation of $32 billion. The investing app offers a simple and mobile-first way for investors to buy stocks, ETFs, and even cryptocurrency and played a… Source link
Read More »Yandex (YNDX) Q2 Earnings Miss Estimates, Revenues Rise Y/Y
Yandex N.V. YNDX reported second-quarter 2021 adjusted earnings of 4 cents per share, missing the Zacks Consensus Estimate by 89.7%. Further, the figure declined 50% sequentially and 55.6% year over year. Revenues were $1.12 billion. In ruble terms, the figure totaled RUB 81.4 billion, up 70% on a year-over-year basis and 11.4% from the previous quarter. The reported revenue figure includes the consolidated financial results of Yandex.Market. Strength across the company’s online advertising… Source link
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