Tag Archives: set

. Dayo Johnson Akure Two persons have been crushed to death by a suspected ‘Yahoo boy’ at Ademulegun road in Ondo town, Ondo state. Four other persons were injured in the auto crash. The Toyota vehicle driven by the suspects last weekend was set ablaze by youths in the town after he fled the scene. It was gathered that the crash reportedly occurred at about 6:30 pm and it involved a Toyota Muscle car driven by a suspected Yahoo boy and a Tricycle. The suspect was driving along with… 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 Thursday, November 4, 2021 No taper tantrum in sight, rate hikes take center stage On Wednesday, the Federal Reserve passed its first major test — announcing the slow normalization of policy without upsetting markets. In announcing that it would curtail bond purchases as growth slows and price pressures bubble over, markets responded by setting… Source link

Stock futures traded little changed Tuesday evening as investors eyed a slew of stronger-than-expected earnings results from closely watched technology companies. Both the Dow and S&P 500 had set record closing and intraday highs during Tuesday’s session.  Google’s parent-company Alphabet (GOOG, GOOGL) saw shares tick up in late trading after posting third-quarter revenues and earnings that topped consensus estimates, fueled by a further rise in online advertising spending especially among… Source link

Tesla (TSLA) posted third-quarter profits that topped expectations, with record deliveries helping fuel the electric-vehicle maker’s results even as supply chain challenges weighed broadly on the auto industry. However, quarterly revenue came in short of consensus expectations, and shares fell slightly in after-hours trading.  Here were the main metrics from Tesla’s report, compared to consensus estimates compiled by Bloomberg: Revenue: $13.76 billion vs. $13.91 billion expected, $8.77… Source link

The fall IPO calendar is heating up, with a slew of hotly-awaited companies, such as Rivian and InstaCart, on deck to list. Yet it’s already been a banner year for equity raises via the IPO process in the U.S. — on track to beat last year’s record.  As of the end of September, 19 companies raised more than $1 billion via IPOs on the Nasdaq and New York Stock Exchange. The top five are Coupang (CPNG), which raised $4.6 billion, DiDi Global (DIDI), which raised $4.4 billion, Bumble (BMBL),… Source link

(Bloomberg) — Oil surged past $80 a barrel as the global power crunch rattled a market in which OPEC+ has only been restoring output at a modest pace. Most Read from Bloomberg West Texas Intermediate futures climbed around 2% in Asian trading after topping the psychological price threshold on Friday for the first time since November 2014. The prices of fuels such as coal and natural gas are soaring in Europe and Asia as stockpiles run low ahead of the Northern Hemisphere winter, prompting a… Source link

U.S. employers likely hired at a stronger rate in September after a disappointing August, with more individuals returning to the workforce as new coronavirus infections slowed and other pressures on the labor market at least temporarily abated. The Labor Department is set to release its September jobs report Friday morning. Here are the main metrics expected from the report, compared to consensus estimates compiled by Bloomberg: Change in non-farm payrolls, September: +500,000 expected,… Source link

Four search engine rivals to Google have called on European Union lawmakers to address the tech giant’s continued dominance of the market by setting rules for search engine preference menus, arguing that the tech giant’s ability to set damaging defaults is continuing to limit how easily consumers can switch to a non-Google alternatives. In an open letter today, the non-tracking search engines DuckDuckGo and Qwant, along with tech-for-good focused Lilo and tree-planting… Source link

WASHINGTON, Oct 5 (Reuters) – Amazon.com Inc (AMZN.O), Google (GOOGL.O) and Microsoft Corp (MSFT.O) are expected to join a Biden administration conference on Tuesday focused on quantum technologies as the U.S. government works to head off hacking threats and corner a burgeoning growth industry. The White House’s Office of Science and Technology Policy (OSTP) is hosting the event that will discuss critical applications of quantum computing, which is expected to operate millions of times faster… Source link

Also in today’s EMEA regional roundup: Truphone expands its IoT reach with Sony; mobile money booms in sub-Saharan Africa; Orange extends 4G in French Guiana. Yandex, Russia’s answer to Amazon, is planning to launch its cloud business in Germany in 2022, with an initial investment of $30 million, Reuters reports (paywall may apply). Yandex currently claims 12,400 cloud clients, and its cloud revenue is expected to reach around 3 billion roubles ($41 million) in 2021. According to the report,… Source link