People walk outside the headquarters of Yandex company in Moscow, on September 14, 2015. File Photo / Reuters Moscow: Russian tech group Yandex said Thursday revenue continued to climb during the third quarter despite the country being under Western sanctions over its its invasion of Ukraine. The company’s revenues rose 46 percent compared to the July-September period last year to 113.2 billion rubles ($2.1bn at the current rate). Yandex — often dubbed “Russia’s Google” — employs around… Source link
Read More »Tesla China deliveries slip from record high despite price cuts
Despite fresh price cuts in the region, Tesla sales in China tapered off in October. The China Passenger Car Association (CPCA) reported Tesla delivered 71,704 China-made Model 3 and Model Y vehicles in October, which was a 14% drop from September. Tesla’s September sales of 83,135 were an all-time high for Tesla in China, after the automaker upgraded its Shanghai Gigafactory this summer in order to boost production to over 750K vehicles a year. Despite the drop in Tesla deliveries, total… Source link
Read More »Mortgage rates slip below 7%
Mortgage rates dropped below 7% this week, but remain high enough to keep price-rattled homebuyers on the sidelines. The rate on the average 30-year fixed mortgage fell to 6.95%, down from 7.08% the week prior, according to Freddie Mac. Still, rates are 3.73 percentage points higher since the start of the year, the largest year-to-date increase in over 50 years. Sharply higher rates in combination with elevated home prices and still-high inflation have triggered a fight-or-flight response… Source link
Read More »Starbucks Q4 earnings preview: Here’s what to expect
Starbucks is expected to report its fiscal fourth-quarter earnings on Thursday after market close as the coffee giant navigates higher prices, ongoing unionization efforts, COVID-19 lockdowns in China, and more. Here’s what Wall Street expects from the Seattle-based company, according to a Bloomberg consensus estimates: Revenue: $8.31 billion expected Adj. earnings per share (EPS): $0.72 expected U.S. Same Store Sales: 7.78% expected International Sales: -8.23% expected China Sales: -21.70%… Source link
Read More »Warner Bros. Discovery Q3 earnings: Here’s what to expect
Warner Bros. Discovery (WBD) is set to report third quarter earnings after the bell on Thursday after the company swung to a $3.42 billion loss in the second quarter amid consolidation challenges. Here’s what Wall Street expects, according to Bloomberg consensus estimates: Revenue: $10.37 billion expected Adj. loss per share: -$0.17 expected Total DTC subscribers: 3.27 million net additions expected Increased restructuring charges, macroeconomic challenges like foreign exchange headwinds, further… Source link
Read More »Google wants more restrictive ‘green’ hydrogen rules – EURACTIV.com
As the multi-year discussion over “green” hydrogen rules continues in Brussels, the US tech giant Google, leading an alliance of several major companies, has called for more restrictions on what can constitute green hydrogen, countering those who seek looser rules. Hydrogen, an important vector of energy, can be produced using coal, gas, or electricity. The climate-neutral and desirable kind is produced using renewable electricity, creating “green” hydrogen. The… Source link
Read More »Russia’s Yandex posts 46% jump in revenues in Q3 | WTVB | 1590 AM · 95.5 FM
Russia’s Yandex posts 46% jump in revenues in Q3 | WTVB | 1590 AM · 95.5 FM | The Voice of Branch County
Read More »Google unfurls whiz-bang projects and vision for future of AI
Illustration: Aïda Amer/Axios Google’s research arm on Wednesday showed off a whiz-bang assortment of artificial intelligence (AI) projects it’s incubating, aimed at everything from mitigating climate change to helping novelists craft prose. Why it matters: AI has breathtaking potential to improve and enrich our lives — and comes with hugely worrisome risks of misuse, intrusion and malfeasance, if not developed and deployed responsibly. Driving the news: The dozen-or-so AI projects that… Source link
Read More »Yandex: Q3 Earnings Snapshot
SCHIPHOL, Netherlands (AP) _ Yandex NV (YNDX) on Thursday reported net income of $751.9 million in its third quarter. On a per-share basis, the Schiphol, Netherlands-based company said it had net income of $2.02. Earnings, adjusted for non-recurring gains, came to 23 cents per share. The Russian search engine posted revenue of $2.32 billion in the period. _____ This story… Source link
Read More »Yandex: Q3 Earnings Snapshot
SCHIPHOL, Netherlands (AP) _ Yandex NV (YNDX) on Thursday reported net income of $751.9 million in its third quarter. On a per-share basis, the Schiphol, Netherlands-based company said it had net income of $2.02. Earnings, adjusted for non-recurring gains, came to 23 cents per share. The Russian search engine posted revenue of $2.32 billion in the period. … Source link
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