Tag Archives: Today

AT&T Inc (NYSE: T) is trading lower Monday after Barclays analyst Kannan Venkateshwar maintained the stock with an Equal-Weight rating and lowered the price target from $34 to $30. The Barclays analyst cited challenging technicals as a result of the equity performance at Discovery Inc (NASDAQ: DISCA), which AT&T will be merging its media business with. AT&T was among the top three trending stocks on Stocktwits at publication time. AT&T is set to announce its third-quarter financial results… Source link

Alibaba Group Holding Ltd (NYSE: BABA) is trading higher Monday morning after China fined food delivery giant Meituan $534 million for antitrust violations, which increased investor optimism that China’s regulation on their large tech companies is easing. China technology stocks listed in Hong Kong rallied following the announcement as the $534 million fine was not as large as expected. Jefferies analysts said the antitrust fine has removed an “overhang” over Meituan. “We believe the SAMR… Source link

Dale Smith/CNET Smart home tech from Google is all about fading into… Source link

Dale Smith/CNET Smart home tech from Google is all… Source link

Alibaba Group Holding Ltd (NYSE: BABA) is trading lower Friday amid continued Evergrande default concerns. Evergrande had an $83 million interest payment due Thursday for a bond that’s set to mature in March 2022. The company has not said whether or not it intends to make the payment. As of Friday morning, Evergrande had not made any announcement or filing to the Hong Kong exchange. The company will not default unless it fails to make the payment within 30 days. Alibaba is the world’s largest… Source link

Shares of Salesforce (CRM) rallied more than 7% Thursday after the cloud-based software company boosted its full-year sales forecast as the pandemic-led shift to remote work continues to fuel demand for its products. The stock is up about 24% so far this year. The company now expects fiscal full-year 2022 sales between $26.25 billion and $26.35 billion, up from its previous forecast of $26.2 billion to $26.3 billion. Salesforce also raised its revenue outlook for fiscal year 2023 as it bets… Source link

Today in restaurant and grocery tech news, FreshDirect adds 250 SKUs of parent company Ahold Delhaize’s private label brands, and Russian food delivery company Yandex purchases a stake in Uber in a $1 billion deal. Plus, Nat Trienens, founder and CEO of digital ordering solutions provider Koala, discusses the delta variant’s effect on restaurant ordering habits. FreshDirect Woos Shoppers with Major Private Label Expansion, Lower Prices In a move to attract cost-conscious consumers with… Source link

From Crispy Chicken Sandwich tacos at Taco Bell to “new” fries at Wendy’s, there’s no shortage of shiny new items to draw the attention of the fast food connoisseur. The chicken sandwich wars also continue, two years after Popeyes kicked off the craze. And with many restaurant chains raising their prices, the business of keeping fast food fresh and interesting is more important than ever. But these enticing eats are created for more reasons than just driving up a company’s bottom… Source link

Yandex (NASDAQ: YNDX) shares are trading higher after the company announced it will acquire 100% of Uber’s interest in the Foodtech, Delivery and Self-driving businesses. “Since we started our partnership with Uber in 2018, we’ve been able to create and rapidly develop a number of successful businesses — all of them are highly synergetic to our e-commerce initiative and to the entire Yandex ecosystem. The consolidation of these businesses puts us in a great position to further… Source link

Yandex (NASDAQ: YNDX) shares are trading higher after the company announced it will acquire 100% of Uber’s interest in the Foodtech, Delivery and Self-driving businesses. “Since we started our partnership with Uber in 2018, we’ve been able to create and rapidly develop a number of successful businesses — all of them are highly synergetic to our e-commerce initiative and to the entire Yandex ecosystem. The consolidation of these businesses puts us in a great position to further increase… Source link