Tag Archives: drops

Roku (ROKU) shares dropped more than 11.7% on Wednesday amid an Underweight initiation by Atlantic Equities over concerns of slowing growth and weak penetration in markets abroad.   “We estimate that 80% of Roku’s active accounts are located in the U.S., implying 34% penetration in that market and just 6% in the other markets in which it operates,” analyst Hamilton Faber wrote in a note to investors. The streaming device company’s international markets include Canada, Mexico, Brazil, the… Source link

One of the biggest reporters in baseball is no longer welcome on MLB Network. The league-owned network has cut ties with Ken Rosenthal, and it is believed that Rosenthal’s past criticism of MLB commissioner Rob Manfred in columns written for The Athletic played a part in the decision, according to Andrew Marchand of the New York Post. Rosenthal was reportedly kept off the air for three months in 2020 after he wrote columns analyzing Manfred’s handling of negotiations over a season threatened,… Source link

Just as the hospitality sector was starting to recover from the Delta wave of COVID-19, a growing number of local restaurants and bars are bracing themselves for the Omicron variant, which is swamping highly-vaccinated population centers and threatening public gatherings. With Christmas and New Year’s approaching, closed doors, canceled reservations and sparser dining rooms are once again the order of the day for eateries battered by COVID-19 restrictions over the last two years. “We’re… Source link

(Bloomberg) — Cryptocurrencies fell on Tuesday, with Bitcoin briefly dipping below $60,000 and Ether touching its lowest level this month, in a broad-based retreat from recent record highs. Most Read from Bloomberg The largest digital token dipped as much as 8.2% to $58,661, the biggest intraday drop since Sept. 24. Second-ranked Ether tumbled more than 10%. Global crypto market cap has dropped some 10% in the past 24 hours to $2.7 trillion, according tracker CoinGecko. “After several days… Source link

The Google logo is pictured atop an office building in Irvine, California, U.S. August 7, 2017. REUTERS/Mike Blake/File Photo MILAN, Nov 2 (Reuters) – Italy’s competition watchdog said on Tuesday it had dropped a probe into Alphabet’s Google (GOOGL.O) alleged abuse of its dominant position in the online display advertising market after the EU antitrust started a similar investigation. The Italian watchdog decided non to take any action as under EU laws the case is now out of its… Source link

Stocks hovered near the unchanged market on Tuesday after a record-setting session, with investors keeping their powder dry ahead of a closely-watched policy decision by the Federal Reserve. On Tuesday, blue chip shares rose modestly, but tech stocks dipped, weighed by a drop in Tesla (TSLA) after CEO Elon Musk downplayed the expected impact of a deal with car rental giant Hertz.  Each of the S&P 500, Dow and Nasdaq rallied to fresh highs on Monday as more corporate earnings results exceeded… Source link

MOSCOW, Oct 27 (Reuters) – Russian internet giant Yandex on Wednesday reported an 82% year-on-year drop in third-quarter adjusted net income, in part due to investments in e-commerce, but raised its 2021 group revenue forecast to 340-350 billion roubles ($4.84-$5 billion). Yandex, which is spending $650 million on an e-commerce drive this year, said gross merchandise volume (GMV) for its e-commerce businesses jumped 214% year-on-year to 41 billion roubles. Adjusted net income fell to 1.34… 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 

(Corrects to remove extraneous text in headline) * Energy, bank stocks lead market declines * All eyes on Fed’s policy meeting later this week * Major airlines gain as U.S. relaxes travel rules * Indexes down: Dow 1.92%, S&P 2.04%, Nasdaq 2.53% By Devik Jain Sept 20 (Reuters) – Wall Street’s main indexes tumbled on Monday, as concerns about the pace of a global recovery spurred a selloff across sectors at the start of a week in which the Federal Reserve will decide on potentially tapering its… Source link

All of the best deals have now gone live and are headlined by the Google Nest Wifi Mesh Router at $229. That’s alongside the first discount on Anker’s new eufy Floodlight Cam 2 Pro at $50 off and this end-of-summer Philips Hue sale. Hit the jump for all that and more in the latest 9to5Toys Lunch Break. Save $70 on Google Nest Wifi Mesh Router system Amazon now offers the Google Nest Wifi Mesh Router system for $229. With $70 in savings from the $299 price tag you’d normally… Source link