Tag Archives: bit

Elon Musk’s latest lofty prediction for Tesla (TSLA) looks pie in the sky, even by his standards. “I see a potential path to be worth more than Apple and Saudi Aramco combined,” Musk proudly proclaimed on the company’s earnings call on Wednesday. Doing the math, that would put Tesla’s worth at about $4 trillion at some point. Tesla’s current market cap is $652 billion, according to Yahoo Finance data. Analysts say that valuation may not happen for eons, if at all. “That seems quite a bit of a… Source link

Intel CEO Pat Gelsinger has tasked his team with finding new cost savings as the chip giant tries to battle back from a challenging second quarter while also rebuilding the company for the future. “This is a time for a bit of austerity,” Gelsinger told Yahoo Finance on Friday (video above). “We had stuff we created over the last decade that needed to be cleaned up. It helps drive a more accelerated pace to the transformation we have under way.” Gelsinger told investors on the company’s second… 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 Friday, June 17, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. The Federal Reserve is trying to slow the economy, and the housing sector is bearing the full force of these actions right now. Costs are rising for buyers. Confidence from builders is falling…. Source link

Gone are the days when celebrities can jet-set without their locations being known — at least for billionaires like Tesla CEO Elon Musk and Meta CEO Mark Zuckerberg. Jack Sweeney, 19, became an overnight sensation after his Twitter account @ElonJet went viral. The account, which has over 470,000 followers, uses a bot to automatically track the location of Musk’s private jet. Some billionaires are easier to trace than others, Sweeney told Yahoo Finance Live (video above). “With Elon Musk,… Source link

Walmart is seeing a bifurcation in how its various consumers shop its stores as inflation takes its grip on wallets, explains CFO Brett Biggs. The trend ranges from upper income households still buying name brand merchandise at higher prices, to lower income shoppers trading to cheaper private label products. “We’re seeing everything that’s going on in the United States right now,” Biggs told Yahoo Finance in an interview. The comments come as Walmart had a surprising earnings shortfall for the… Source link

In 1998, a computer science PhD student called Larry Page submitted a patent for internet search based on an obscure piece of mathematics. The method, known today as PageRank, allowed the most relevant webpages to be found much more rapidly and accurately than ever before. The patent, initially owned by Stanford, was sold in 2005 for shares that are today worth more than $1bn. Page’s company, Google, has a net worth of well over $1tr. It wasn’t Page, or Google’s cofounder Sergey Brin,… Source link

Thanksgiving 2021 is already here and consumers are flocking to the stores to get last minute items. Yet given surging prices and the supply crisis that’s resulted in shipping bottlenecks, will there be anything left? According to experts, the answer is — there should be. “Consumers are are not really panic buying, but they’re buying in anticipation of not having it,” Pedro M. Reyes, associate professor of business at Baylor University, told Yahoo Finance. In many U.S. grocery stores,… Source link

While COVID-19 booster shot eligibility is continuing to expand in the U.S., not all doctors believe that’s where the focus should be in the fight against the coronavirus. “Honestly, I think that boosters right now are a bit of a distraction away from where we should be focused, which is getting first doses, especially since we know that even now, even with Delta surging, the primary doses of the vaccines are highly protective against serious infection, against hospitalization,” Dr…. Source link

Tesla (TSLA) beat analysts’ expectations when it reported earnings Monday afternoon, posting a profit of $1.1 billion and making a record-setting number of deliveries for the quarter. But one analyst told Yahoo Finance that the electric car company still has more room to grow next year. Deutsche Bank Lead Tech and Auto Technology Analyst Emmanuel Rosner noted that Tesla worked relentlessly to cut the costs of its vehicles and to offer cutting-edge battery technology.  “We truly think this is… Source link

ATLANTA, June 27, 2021  /PRNewswire/ — Southface Institute announced today that Google’s 6th Street campus in Kirkland, Washington is the first office campus in the world to certify its operations under Southface’s BIT Building program. Successful certification under BIT reflects Google’s adoption of the program’s 16 Best Practices for resource efficiency and sustainability. Google is first office campus in the world to certify its operations under… Source link