(Bloomberg) — China’s indebted developers are struggling to meet Beijing’s tighter financing rules. Most Read from Bloomberg Two-thirds of the top 30 Chinese property firms by sales ranked by the China Real Estate Info Corp. have breached at least one of the metrics known as the “three red lines,” Bloomberg-compiled data showed as of Oct. 29. Developers are facing rising financial stress as stricter rules around borrowing and a deleveraging campaign by authorities weigh on the sector…. Source link
Read More »Google earnings top estimates as online ad sales remain resilient
Google parent Alphabet Inc. reported quarterly results that exceeded Wall Street estimates Tuesday, belying fears that it would be dinged by the changes in Apple Inc.’s mobile privacy policy that stung its social-media brethren. The search-engine giant GOOGL, +1.35% GOOG, +0.65%, dominant in global digital advertising, reported net income of $18.94 billion, or $27.99 a share, in its fiscal third quarter, compared… Source link
Read More »Google CEO Says Connected TVs Are A “Top Priority”
SAN FRANCISCO, CA – MAY 28: Google senior vice president of product Sundar Pichai delivers the … [+] keynote address during the 2015 Google I/O conference on May 28, 2015 in San Francisco, California. The annual Google I/O conference runs through May 29. (Photo by Justin Sullivan/Getty Images) Getty Images A new report from The Information claims Google CEO Sundar Pichai is making the company’s connected TV business a “top priority,” as the company battles… Source link
Read More »Choose the Top Dog in the Restaurant Race with Portillo’s Nasdaq IPO
Portillo’s Inc. restaurant chain begins trading Thursday on Nasdaq (ticker: PTLO) Portillo’s is a Chicago institution known for hot dogs, Italian beef sandwiches and more Generates staggering avg. store volume of $8.7 million, easily topping Chipotle, Shake Shack Plans to expand to at least 600 stores from current count of 67 at 10% annual rate All locations are profitable and Portillo’s has never had to close a restaurant Demonstrated Ebitda growth in 2020 in the depths of Covid thanks to… Source link
Read More »Tesla 3Q earnings top estimates after deliveries set record high
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
Read More »Week 4 NFL DFS Top Picks and Value Plays on Yahoo
Yahooooo! There are 13 games on the Yahoo main slate that begins at 1 p.m. ET on Sunday. This piece highlights my top overall plays, values, and best tournament plays for guaranteed prize pools (GPPs) at each position while using our Player Models. I will specifically be referencing the Bales Model. As news breaks throughout the week and we adjust our projections, player ratings in our Player Models will change. For updates, visit the models directly. Quarterbacks Top Play My top… Source link
Read More »Top Netflix Hit ‘Squid Game’ Sparks Korean Media Stock Surge
(Bloomberg) — The latest smash hit from the Korean entertainment world “Squid Game” is also proving popular with investors, who have been snapping up shares of at least two companies related to the thriller series. Most Read from Bloomberg A dramatized survival game in the vein of “Hunger Games,” the show currently tops the global rankings on Netflix Inc., and is the first Korean drama to claim the No. 1 spot in the U.S. on the service, according to data from streaming ratings firm… Source link
Read More »Ex-Google exec describes 4 top dangers of artificial intelligence
California’s Senate last week advanced a bill that would force Amazon (AMZN) to reveal details behind the productivity-tracking algorithm used in its warehouses; meanwhile, Facebook (FB) this week faced criticism over a Wall Street Journal report finding it knows its Instagram feed makes some teenage girls feel worse about themselves. These developments make up a backlash not necessarily against big tech, so much as its algorithms, which use artificial intelligence (AI) to adapt performance… Source link
Read More »What top CEOs are saying about it
President Biden’s harder line on COVID-19 vaccinations has corporate America talking about what measures they may have to implement toward employees. On Thursday, the president ordered new federal vaccine requirements for nearly 100 million people in the U.S. in an effort to control the Delta variant. “We have been patient. But our patience is wearing thin, and your refusal has cost all of us,” Biden said in a speech at the White House. The influential Business Roundtable — led by top… Source link
Read More »Tinder CEO moves to Yahoo as top boss
Dating app Tinder’s chief executive officer, Jim Lanzone, is leaving the company to take over the top job at Yahoo, the online media company said on Friday. Separately, Match Group, the parent of Tinder, named Renate Nyborg as CEO of the dating app to replace Lanzone. ALSO READ TECH NEWSLETTER OF THE DAY Our top story today is a round-up of some interesting and significant developments at Tata Digital — specifically, its new acquisitions BigBasket and 1mg. … Source link
Read More »