Tag Archives: Surge

A big win for Sonos (SONO) on the patent front against Google may unlock more gains for the stock price than the initial 12% pop seen in pre-market trading on Monday.  A U.S. International Trade Commission judge ruled Friday that Google infringed on Sonos’ patents. The suit began in January 2020, with Sonos claiming Google infringed on five of its smart speaker patents by putting its technology in Google products. Sonos wanted a sales ban on several Google products such as Nest home… Source link

When the COVID-19 pandemic shut down businesses across the country, Rubin Stack decided it was the right time to start a new one. It was an idea the independent-minded entrepreneur had been mulling over during the crisis: a functional workspace desk, called , was meant to offer a solution to modern students and work from home employees. Stack experienced how his kitchen table morphed into a multi-use zone that encapsulated a home office, dining area and video conference center — often all at… Source link

A recruitment ad by Amazon has stoked speculation the company may have a favourable view of cryptocurrencies. Photo: Artur Widak/NurPhoto via Getty Images Bitcoin (BTC-USD) and other cryptocurrencies surged higher on Monday morning, amid speculation that e-commerce giant Amazon (AMZN) could soon accept tokens as payment. Bitcoin was up 12% to $38,723 (£28,169) at just after 8am on Monday morning in London. It marked the cryptocurrency’s highest price in over a month. The rally was linked to… Source link

(Reuters) – Tesla Inc’s vehicle registrations in California rose more than 85% in the second quarter versus last year, largely due to the success of the company’s Model Y, according to data from Cross-Sell https://info.cross-sell.com/tesla-special-report-0, a research firm that collates title and registration data. The automaker posted record vehicle deliveries for the April-to-June quarter earlier this month, as it dealt with a semiconductor shortage and relied on sales of its cheaper… Source link

Home price growth in the U.S. surged in April at a pace not seen in more than 30 years. Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 14.6% annual gain in April, up from 13.3% in March — marking the 11th straight month of accelerating prices. The 20-City Composite posted a 14.9% annual gain, up from 13.4% a month earlier. The results far outpaced analysts’ expectations of a 14.7% annual gain, according to Bloomberg consensus… Source link

A ship lays down a Google undersea cable Google Google is building a new subsea cable to shuttle… Source link

Welcome to the Yahoo Sports NBA playoff tracker, your daily one-stop shop for all the latest game results from each NBA playoff series. Here’s a look at Monday’s games. It took them a while, but Chris Paul and the Phoenix Suns took over on Monday night — and did so with authority. The Suns surged ahead in the fourth quarter to take a commanding 122-105 win over the Denver Nuggets in Phoenix to take the early 1-0 lead in their Western Conference semifinals series. Chris Paul, Suns surge in 4th… Source link

(Bloomberg) — AMC Entertainment Holdings Inc. executives and directors sold $8 million in shares of the theater chain Thursday, cashing in on the soaring price of the most-popular meme stock. Two board members and four executives sold at near record prices, following an eye-popping surge in the stock this week, regulatory filings on Friday showed. Among them were Gary Locke, a former Chinese ambassador who is up for re-election to the board at the company’s July 29 annual general meeting,… Source link

(Bloomberg) — Global food prices extended their rally to the highest in almost a decade, heightening concerns over bulging grocery bills as economies struggle to exit the Covid-19 crisis. A United Nations gauge of world food costs climbed for a 12th straight month in May, its longest stretch in a decade. The continued advance risks accelerating broader inflation, complicating central banks efforts to provide more stimulus. Drought in key Brazilian growing regions is crippling crops from corn… Source link

Square (SQ) reported first-quarter earnings that blew past estimates after market close on Thursday, with the payments company’s results boosted by ongoing growth in Cash App and its cryptocurrency offerings. Shares rose more than 1% in late trading.  Here were the main metrics in Square’s report compared to consensus estimates compiled by Bloomberg: As a financial technology company, Square’s growth ballooned over the course of 2020, with consumers increasingly conducting transactions online… Source link