Tag Archives: huge

Graphics card giant Nvidia’s (NVDA) plans to buy Arm, which licenses chip designs, looks all but dead after the Federal Trade Commission sued to block the deal on Thursday. The move is just the latest blow to the $40 billion deal and would seem to strike the final blow to a deal that would have been one of the largest chip industry mergers in history. Nvidia’s stock, however, was up slightly on the news late Thursday, though it was down Friday along with the broader market. That could… Source link

(Bloomberg) — Unprecedented trade surpluses and record inflows into its bond market are giving China a stockpile of dollars unseen since the days when the ‘Asian savings glut’ was blamed for keeping U.S. interest rates excessively low and fueling the sub-prime mortgage crisis. Most Read from Bloomberg But unlike then, when China aggressively recycled its dollar holdings into U.S. Treasuries, China’s giant pile of foreign exchange reserves are holding broadly stable. That means the… Source link

Summer is over, but the ongoing COVID-19 pandemic means outdoor dining is not going away anytime soon, even as the weather gradually cools. Restaurant owners want to preserve external spaces — adopted in response to the pandemic — as more of a permanent thing, especially with the Delta variant making many patrons nervous about indoor dining. In New York City in particular, the trend exploded when public health officials shuttered dining rooms as a way to curb the spread of the… Source link

The consolidation in cannabis stocks since their February highs presents a lot of potential for long-term marijuana investors holding fast, according to one investment advisor. “For investors who are looking at the long game, this is a huge opportunity because the players in cannabis have only gotten stronger over the last year,” Ross Gerber, president and CEO of Gerber Kawasaki Wealth & Investment Management, said on Yahoo Finance Live (video above).  “The numbers that I’ve looked at… Source link

Every year, Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) pays for the placement of Google as the default search engine in web browsers. It files those payments under “traffic acquisition costs,” or TAC, on its income statement. Last year, Alphabet paid nearly $33 billion in TAC, and one company benefited greatly from those payments: Apple (NASDAQ:AAPL). Apple collected around $10 billion in TAC payments last year, according to estimates from Bernstein… Source link

This fall, if you aren’t rocking some form of wide leg jeans while also owning shares of Abercrombie & Fitch (ANF) and American Eagle Outfitters (AEO) in your portfolio you may be off trend in two areas of your life. Google searches for low-rise jeans have surged 91% over the past six months — with wide leg and flare jeans being the most popular styles — per fresh analysis from Jefferies retail analyst Stephanie Wissink. In other words, the 18-year reign of skinny jeans as the de facto… Source link

Google quietly paid game developers hundreds of millions of dollars in incentives to keep their games on the Play Store, a newly unredacted complaint from Epic Games in its antitrust suit against Google alleges. The program was known as “Project Hug,” or later as the “Apps and Games Velocity Program.” In 2018, when Fortnite for Android first launched, Epic Games took the unusual step of exclusively releasing it outside of the Google Play Store. Instead, players had to download an… Source link

Social Security checks may see a huge raise next year. Will it be enough? The ongoing spike in inflation that has Americans paying more for gas, food, cars and many other things could lead to the biggest Social Security boost in almost 40 years when officials announce the cost of living adjustment, or COLA, for 2022. Plus, members of Congress have proposed changes to how the COLA is calculated, which could result in even larger Social Security checks for 55 million retirees, their dependents… Source link

(Bloomberg) — Alibaba Group Holding Ltd. was the victim of a months-long web-scraping operation by a marketing consultant that siphoned up sensitive data including usernames and phone numbers, according to a court case that wrapped in June. A central Chinese court ruled that an employee of a consultant that helps merchants on Alibaba’s Taobao online mall was guilty of dredging up more than a billion data items on Taobao users since 2019, using that to serve clients. The court imposed jail… Source link

There is probably a lot of trash in the speculative boom currently taking hold of markets. But hidden amid the meme stocks, SPACs, and crypto coins could be some valuable businesses. “Somewhere in the hundreds of SPACs and scores of meme stocks are some decent companies and potentially even a few huge opportunities,” DataTrek’s Nicholas Colas wrote in a note this week. “For example: Hertz, which was supposed to be a retail investor graveyard, actually exited bankruptcy with its equity… Source link