Tag Archives: Big

Alibaba Group Holding Ltd -ADR (NYSE: BABA) has been slaughtered since October 2020 when it reached an all-time high of $319.32. The sharp decline has been partly due to poor U.S./China relations as well and Chinese regulators cracking down on the e-commerce giant and its CEO Jack Ma. Since July 22 the decline in the stock has accelerated and although there has been some bounce plays for the bulls, the stock has become risky due to new out of China, when the U.S. markets are closed, causing… Source link

(Bloomberg) — Call it the Pretty Big Short. Michael Burry, whose huge, wildly profitable bets against the housing bubble were made famous in “The Big Short,” is wagering that long-term U.S. Treasuries will fall. His Scion Asset Management held $280 million of puts on the iShares 20+ Year Treasury Bond ETF at the end of June, according to a regulatory filing released this week, an increase from $172 million three months earlier. The options contracts would make money if TLT, as the… Source link

(Bloomberg) — Michael Burry, the investor made famous by “The Big Short” movie, has taken aim at one of Wall Street’s hottest stars. Burry’s Scion Asset Management owned bearish put contracts against 235,500 shares of the ARK Innovation ETF (ticker ARKK) at the end of the second quarter, according to a regulatory filing Monday. The new position was valued at almost $31 million, the filing says. The flagship exchange-traded fund of Cathie Wood and her firm Ark Investment Management… Source link

A big win for Sonos (SONO) on the patent front against Google may unlock more gains for the stock price than the initial 12% pop seen in pre-market trading on Monday.  A U.S. International Trade Commission judge ruled Friday that Google infringed on Sonos’ patents. The suit began in January 2020, with Sonos claiming Google infringed on five of its smart speaker patents by putting its technology in Google products. Sonos wanted a sales ban on several Google products such as Nest home… Source link

Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record 218 billion downloads and $143 billion in global consumer spend in 2020. Consumers last year also spent 3.5 trillion minutes using apps on Android devices alone. And in the U.S., app usage surged ahead of the time spent watching live TV. Currently, the average American 

Google parent Alphabet Inc. (GOOG, GOOGL) crushed earnings last week, reporting a 62% revenue surge to $61.9 billion. That beat analysts estimates by almost $6 billion. The company reported diluted earnings per share (EPS) of $27.26, blowing away estimates of $19.35. Alphabet is marching ever closer to becoming a $2 trillion company. Key Takeaways Google parent Alphabet shattered earnings expectations last week. Big earnings attract institutional investors over the long term.

Screenshot: Google Drive Big changes are coming to Google Drive, and they affect the way that you share, back up, and manage files from your computer. If you use Google’s cloud file storage system, here’s everything you need to know about the most recent upgrades—and what you need to do about them. Security Updates for Shared Files Google is changing the way that certain shared files and folders work in Drive—or, to be more exact, it made the change back in 2017 and is now fully… Source link

With its stock price down about 72% year-to-date amid an overall cooling in the SPAC craze, QuantumScape founder and CEO Jagdeep Singh has a message to the market.  The upstart solid state battery maker remains on track with everything it said it would do when it debuted via a SPAC transaction late in 2020.  Singh said on Yahoo Finance Live the company is still eyeing commercialization of its battery technology in the 2024-2025 timeframe. Its key partner and backer Volkswagen will be the… Source link

After seven straight quarters of same-store sales declines amid menu challenges and competitive pressures, Restaurant Brands-owned Tim Horton’s finally appears to be turning the corner. Second quarter global same-store sales for Tim Horton’s — which operates nearly 5,100 restaurants mostly in Canada and was purchased in 2014 by Restaurant Brands (QSR) for $11.4 billion — rose 27.6%. The coffee and donut chain had the best sales performance from within a Restaurant Brands portfolio that… 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