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
Read More »Bitcoin is ‘more speculative’ than gold: ex-Deutsche Bank exec
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
Read More »CDC guidance could spur ‘head-butting’ in the workplace over masks
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
Read More »Yandex N.V. (NASDAQ:YNDX) – Yandex Beats On Q2 Revenue, Misses On Earnings, Issues FY21 Guidance
Yandex NV (NASDAQ: YNDX) reported second-quarter FY21 revenue growth of 97% year-on-year to $1.13 billion, beating the analyst consensus of $1.01 billion. Revenues from Online advertising grew 60% Y/Y to RUB 39.6 billion, Taxi segment, excluding sales of goods, rose 99% Y/Y to RUB 21.4 billion, sales of goods increased 365% Y/Y to RUB 13.4… Source link
Read More »Robinhood’s unique IPO is a clever defense against competitors
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
Read More »Average new car price hits record $41,000
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
Read More »Yandex Announces Second Quarter 2021 Financial Results
MOSCOW, RUSSIA and AMSTERDAM, THE NETHERLANDS / ACCESSWIRE / July 28, 2021 / Yandex (NASDAQ:YNDX)(MOEX:YNDX), one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, today announced its unaudited financial results for the second quarter ended June 30, 2021. Q2 2021 Financial and Operational Highlights 1,2 In RUB millions Three months ended June 30, 2020 2021 Change Total Revenues 47,915 81,402 70% Total Group on a Online Ad Revenues 26,906 39,586 47%
Read More »Russia’s Yandex ups 2021 e-commerce investment plan to $650 mln -CFO
MOSCOW, July 28 (Reuters) – Russian internet firm Yandex plans to invest around $650 million in e-commerce projects this year, Chief Financial Officer Svetlana Demyashkevich said on Wednesday, higher than the previous plan of $400-500 million. Demyashkevich said Yandex, which reported strong second-quarter results earlier on Wednesday, was committed to allocating substantial capital in its e-commerce initiatives, but said providing a specific figure for next year and beyond was hard…. Source link
Read More »Russia’s Yandex ups 2021 e-commerce investment plan to $650 mln -CFO
MOSCOW, July 28 (Reuters) – Russian internet firm Yandex plans to invest around $650 million in e-commerce projects this year, Chief Financial Officer Svetlana Demyashkevich said on Wednesday, higher than the previous plan of $400-500 million. Demyashkevich said Yandex, which reported strong second-quarter results earlier on Wednesday, was committed to allocating substantial capital in its e-commerce initiatives, but said providing a specific figure for next year and beyond was hard…. Source link
Read More »Russia’s Yandex ups 2021 e-commerce investment plan to $650 mln -CFO
MOSCOW, July 28 (Reuters) – Russian internet firm Yandex plans to invest around $650 million in e-commerce projects this year, Chief Financial Officer Svetlana Demyashkevich said on Wednesday, higher than the previous plan of $400-500 million. Demyashkevich said Yandex, which reported strong second-quarter results earlier on Wednesday, was committed to allocating substantial capital in its e-commerce initiatives, but said providing a specific figure for next year and beyond was hard…. Source link
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