Tag Archives: Boosts

(Bloomberg) — MicroStrategy Inc. boosted the size of a junk-bond sale to fund the purchase of more Bitcoin, selling $500 million of notes on Tuesday that were the first of their kind in the high-yield market. The company received about $1.6 billion in orders for the offering, including interest from a large number of hedge funds, according to people with knowledge of the marketing process, who asked not to be identified discussing a private transaction. The strong interest comes amid a… Source link

Google is strengthening privacy protections for Android users who want to make it harder for advertisers to track them when they move between apps, as the company tries to counter Apple’s image as a better steward of personal data. In changes that will come as a fresh blow to the near $400bn-a-year digital advertising industry, Google will introduce extra safeguards for Android users that opt out of sharing their “Advertising ID” — a device identifier that allows… Source link

Alphabet’s GOOGL division Google has rolled out international money transfer feature on its payment app, Google Pay, in collaboration with Wise and Western Union. Notably, the new remittance facilityenables Google Pay users in the United Statesto transfer money via the app to users residing in India and Singapore. For leveraging the new facility, senders will be charged a fee that will be displayed when the money transfer will take place. The people receiving money will be free of any… Source link

DoorDash (DASH) posted a first-quarter earnings report on Thursday that largely surpassed Wall Street’s expectations, with the company demonstrating that the boost it got from COVID-19 demand has staying power beyond the pandemic. The company reported revenue that skyrocketed 198 percent compared to a year-ago, to $1.08 billion, and total orders soaring 219 percent year-over-year, to $329 million. The results sent its stock on a tear after hours, which was up over 10%. Here’s what the San… Source link

TipRanks 2 “Strong Buy” Stocks Around $10 With Triple-Digit Upside Potential The S&P 500 rose to another record high on Friday, and at least one strategist believes we’re at the start of a new bull market. Writing from LPL Financial, chief market strategist Ryan Detrick noted several market-historical points that indicate sustained gains are in the offing. Key among his points are the first quarter returns and the breadth of the current stock rally. On returns, Detrick highlights that… Source link

Russian internet giant Yandex says it will start delivering groceries across Paris and London by the end of the year, after the service gained massive popularity in Russia during lockdowns imposed due to the Covid-19 pandemic. The grocery delivery in the French and British capitals will be run by Yango, an international arm of Yandex Go, which is in cha   rge of the company’s taxi aggregator and food tech business. Last year, the subsidiary launched the grocery service in… Source link

(Bloomberg) — The Biden administration is escalating efforts to safeguard the U.S. power grid from hackers, developing a plan to better coordinate with industry to counter threats and respond to cyber attacks, according to people familiar with the matter. Top administration officials, including Energy Secretary Jennifer Granholm and Deputy National Security Adviser Anne Neuberger, briefed top utility industry executives on the efforts in a March 16 meeting, said the people, who requested… Source link

TipRanks 2 “Strong Buy” Stocks From Oppenheimer’s Top Analysts Both the S&P 500 and the Dow Jones average have closed at record highs, and the NASDAQ has reversed the brief foray it took into correction territory in the second week of March. The market gains reflect several factors: relief that the $1.9 trillion COVID aid bill passed Congress and was signed by the President; a general optimism that the ongoing vaccination program will allow a normal economic environment sooner rather… Source link

Stocks fell Monday as investors gave back some of last week’s gains, which sent the S&P 500 and Nasdaq to fresh record highs and the Dow above 30,000 for the first time ever. [Click here to read what’s moving markets heading into Tuesday, Dec. 1] However, the three major indices capped off November with major monthly gains. The Dow posted a monthly gain of nearly 11.9% for its best month since early 1987. The S&P 500 tracked toward a rise of about 10.7%, and the Nasdaq posted an 11.9%… Source link

(Bloomberg) — EBay Inc. raised its profit and sales forecasts for the year, but the new outlook disappointed investors who hoped the digital marketplace would take greater advantage of the surge in consumer spending during the pandemic. Shares declined as much as 6% in extended trading. The market reaction suggested investors are worried the spending bump on EBay could be fleeting as economies reopen and people return to work. A drop in federal stimulus money, which could trigger a pullback… Source link