Tag Archives: rent

[unable to retrieve full-text content]Bing Chat so hungry for GPUs, Microsoft will rent them from Oracle  The Register Source link

[unable to retrieve full-text content]Yandex Rent seeks to replace deposits with insurance policy  AIM Group Source link

Stargazing increasingly requires that you travel a good distance away from lights. In Japan, Google is presenting a “Night Tour” event where you go to a ticketed location and can rent a Pixel for astrophotography. Achi Village in the Nagano Prefecture is home to a site that’s located at an altitude of 1,400 meters and requires taking a gondola ride that lasts 15 minutes. It’s said to be “the best place for stargazing in Japan.” For the upcoming stargazing season (from… Source link

GameStop (GME): The retailer missed on both the top and bottom lines as sales declined amid a gaming slowdown. Third-quarter net sales of $1.19 billion were down 8.5% from a year ago, driven by a 19% drop in software sales. GameStop reported losses of $94.7 million in the third quarter, its seventh quarterly loss in a row. Inventory was $1.13 billion, compared with $1.14 billion a year ago. Shares rose as much as 4% in extended trading on Wednesday. Rent the Runway (RENT): The company raised… Source link

A key component propping up consumer prices is cooling, but it’s not yet reflected in the government’s inflation measure, according to experts. The shelter component of the Consumer Price Index — which includes rent and owners’ equivalent of rent — makes up 30% of overall inflation and 40% of core CPI, which excludes food and energy prices. Real-time data is showing softening rents, but the survey used to determine shelter prices lags current pricing. That disconnect could pose a problem… Source link

Peloton (PTON): The company announced co-founders John Foley and Hisao Kushi are leaving the company as part of a wider executive shakeup, sending shares lower in after-hours trading. Former CEO John Foley stepped down as executive chairman of the board while Hisao Kushi resigned as Chief Legal Officer, effective Monday. In a note to employees, CEO and President Barry McCarthy thanked Foley and Kushi, writing “There wouldn’t be a Peloton without John Foley or Hisao Kushi… Through their… Source link

Rents have been going one way over the last year — up. Typical rent in the U.S is about $1,883 per month, $283 per month higher than in February 2020, according to Zillow. Making matters worse, a spike in mortgage rates is pricing would-be first time home buyers out of the market, and into the rental pool, exacerbating the upward pressure on rents amid ever tighter inventory. Research compiled by Stessa, a real estate software company, shows the coastal states have the highest rents. Hawaii,… Source link

New York’s $2.4 billion rental assistance fund has nearly run dry, prompting state officials to scramble for more federal funding to cover a backlog of thousands of applicants — and leaving cash-strapped tenants and landlords in limbo. Earlier this month, the Empire State made the surprise decision to halt new applications for its Emergency Rental Assistance Program (ERAP) program — an outgrowth of the controversial federal eviction moratorium that was ruled unconstitutional by the… Source link

Rent the Runway (RENT) started trading above its IPO price on Wednesday before dipping below that level over the course of the session. Shares closed the session down 8% at $19.29 each. The stock had opened at $23 per share after the fashion rental company priced its debut at $21 each, at the top of its marketed range.  The company raised $357 million in the public offering. Rent the Runway offers subscribers “the world’s largest shared closet” of over 18,000 styles by more than 750… Source link

At the height of the COVID-19 pandemic, landlords in major cities across the country were rolling out the red carpet to attract renters. Faced with a glut of empty apartments amid an urban exodus, landlords in New York City for example, lured renters with things like three months free rent, American Express gift cards, and Citi Bike memberships. Now, with nearly half of the U.S. population vaccinated and the economy reopening, landlords aren’t feeling as generous. Jonathan Miller, president… Source link