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Yandex N.V. (YNDX Quick QuoteYNDX – Free Report) 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… Source link

Retail investors have upended conventional market dynamics in 2021, showing institutional investors and hedge funds that they are a force to contend with. “The one dynamic that will change is, I think, big institutionally-driven hedge fund players will not get out over their skis the way that Archegos did,” Keith Bliss, a former NYSE trader and president of Capital2Market, told Yahoo Finance (video above). “But what the instructive part of that whole episode was that these bigger… Source link

MOSCOW, July 29 (Reuters) – Russia on Thursday fined Google 3 million roubles ($41,017) for violating personal data legislation, Google’s first fine for that offence, Moscow’s Tagansky District Court said. Google confirmed the fine and offered no further comment. The penalty comes amid a wider standoff between Russia and Big Tech, with Moscow routinely fining social media giants for failing to remove banned content and seeking to compel foreign tech firms to open offices in Russia. read more

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)    * Ford, Qualcomm rise after strong earnings    * Didi Global jumps on report it could go private    * Banks, industrials, mining stocks gain after dovish Fed    * Futures: Dow up 0.41%, S&P adds 0.17%, Nasdaq down 0.17% (Adds comments; updates prices)    By Sagarika Jaisinghani    July 29 (Reuters) – The S&P 500 and the Dow indexes were set to rise on Thursday as a… Source link

The interest appears to be building for Ford’s first-ever all-electric F-150 dubbed the Lightning. Ford (F) has amassed 120,000 orders for the Lightning, CEO Jim Farley told investors on an earnings call Wednesday evening. About 75% of the orders are from those people new to the Ford brand, Farley said.  In late May, Ford said it had 70,000 orders for the Lightning. “I would say what we’ve learned so far [from Lightning orders] is that the customers are largely new to Ford, but they aren’t new… Source link

“Sugar dating” apps will not be allowed on the Android Play Store from September 1st, Google has announced as part of a series of policy changes for the platform. The change, which was first reported by Android Police, specifically prohibits apps relating to “compensated sexual relationships.” Other changes coming to the platform include a new crackdown on inactive developer accounts, Google says. Traditionally, sugar dating relationships involve older, wealthier individuals… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, July 29, 2021 Things happen in markets, according to the Fed chair The Federal Reserve wrapped up its latest two-day policy meeting on Wednesday, and offered investors a few surprises.  As Yahoo Finance’s Brian Cheung notes, the Fed’s statement and subsequent press conference from Fed chair Jerome Powell “hinted that the U.S. economic… Source link

Type “running shoes,” “best laptop” or “camping equipment” into Google from just about anywhere in the world and the top of the screen will show a carousel of ads from websites promoting products to browse and compare. Not in Turkey. Google eliminated those advertisements last year after Turkish antitrust officials ordered the company to make it easier for competing shopping websites to appear more prominently in the ads. The Turkish demands went further to crack down on Google’s… Source link

In a note to employees announcing the changes, Google CEO Sundar Pichai said the company has seen high vaccination rates for Google employees so far, which is why it is comfortable bringing workers back into the office. Currently, there are some early volunteers who are already working at various Google campuses. Workers will have to start reporting back to the office on Oct. 18. Source link

Another Google employee, who asked to remain anonymous because she still works at the company, recalled that when she complained about a racist and toxic manager, she was told that perhaps she needed resilience training. She was also offered the same options: counseling or paid medical leave. She chose the latter. A former Google employee based in London said she was also offered counseling when she came forward with sexual assault claims. When Timnit Gebru, a former co-leader of Google’s… Source link