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July 23, 2021

Technology

Work flexibility ‘here to stay’ in post-Covid world, says director at three Fortune 500 companies

CNBC
CNBC – For more and to sign up click here Companies are monitoring the spread of the delta Covid variant as they adapt return-to-office plans and prioritize giving flexibility to employees, a board member at three Fortune 500 companies told CNBC on Friday. “I believe there’s going to continue to......

Shares of Snap soar more than 23% day after earnings beat

CNBC
CNBC – For more and to sign up click here Evan Spiegel, CEO of SNAP Inc. Stephen Desaulniers | CNBC Shares of Snap soared more than 23% Friday morning, as the company continued to ride its strong second-quarter earnings beat. The company posted 293 million global daily active users, compared......

Microsoft gets new Street-high price target from Citi. Why one trader says ‘it’s a staple within your portfolio’

CNBC
CNBC – For more and to sign up click here Microsoft stock jumped to an all-time high after Citi bestowed it a Street-high price target of $378 per share. The firm called the tech titan the “best” in megacap software ahead of its earnings report next week.  “It’s a staple......

NFL warns teams could forfeit games, lose money if Covid outbreaks occur among unvaccinated players

CNBC
CNBC – For more and to sign up click here The National Football League plans to operate as normal as possible for the upcoming 2021 season and told teams they would forfeit games and lose money if Covid outbreaks occur due to unvaccinated players. In a memo obtained by CNBC,......

Snap pops more than 16% on earnings beat and user growth

CNBC
CNBC – For more and to sign up click here Snap‘s stock rose more than 16% on Thursday after the company reported its second-quarter earnings, beating expectations across the board for earnings, revenue and user growth. Here’s what Snap reported versus Wall Street’s estimates: Adjusted earnings per share: 10 cents vs.......

Intel beats, but guides to lower margins for Q3

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CNBC – For more and to sign up click here Intel shares fell 2% after CEO Pat Gelsinger’s second earnings report at the helm of the American chip giant as investors assessed cautionary guidance on margins in the current quarter. Intel reported revenue and earnings per share that beat both......

Twitter posts fastest revenue growth since 2014 in pandemic rebound

CNBC
CNBC – For more and to sign up click here Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square arrives on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida.......

Didi shares drop on report China is planning unprecedented penalties

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CNBC – For more and to sign up click here Chinese ride-hailing giant Didi came under pressure again on Thursday amid a report that Beijing is considering harsh penalties from a massive fine to even a forced delisting after its IPO last month. Shares of Didi fell more than 10%,......

Blockchain start-ups raised a record $4.4 billion in the second quarter despite the slump in crypto prices

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CNBC – For more and to sign up click here An illustration showing the cryptocurrency bitcoin with a price chart in the background. STR | NurPhoto via Getty Images Funding for blockchain start-ups topped $4 billion for the first time in the second quarter, despite a sharp slump in cryptocurrency......

Uber to buy transportation logistics company Transplace in $2.25 billion deal

CNBC
CNBC – For more and to sign up click here An Uber Freight truck. Source: Travis Kalanick | Twitter Uber Freight, the rideshare company’s trucking division, said Thursday it’s acquiring Transplace in a deal that values the transportation logistics company at $2.25 billion. Uber shares dipped slightly in premarket trading.......

Visa makes another big bet on fintech, buying UK payments start-up Currencycloud

CNBC
CNBC – For more and to sign up click here A Visa debit card. Simon Dawson | Bloomberg | Getty Images LONDON — Visa said Thursday it has agreed to buy British payments start-up Currencycloud, in its second major fintech acquisition of 2021. The deal values Currencycloud at £700 million......

UK digital bank Starling trims losses as revenue skyrockets 600%

CNBC
CNBC – For more and to sign up click here The Starling Bank banking app on a smartphone. Adrian Dennis | AFP via Getty Images LONDON — British digital bank Starling reported a sevenfold increase in revenue in the 16 months ending March 2021 as its lending soared, helping to......

Elon Musk says Tesla caused two-thirds of his personal and professional pain

CNBC
CNBC – For more and to sign up click here Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. 1, 2020. Liesa Johannssen-Koppitz | Bloomberg | Getty Images Tesla CEO Elon Musk said Wednesday that his......

Jack Dorsey hopes bitcoin will help bring about world peace

CNBC
CNBC – For more and to sign up click here Jack Dorsey, co-founder and chief executive officer of Twitter Inc. and Square Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Square CEO Jack Dorsey......

‘Left for dead’ stocks tied to the economic rebound will see a revival, top investor Jeff Mills predicts

CNBC
CNBC – For more and to sign up click here Investors may want to consider putting new money to work in stocks. This recent upheaval is creating significant investment opportunities in cyclical and value stocks, according to Bryn Mawr Trust’s Jeff Mills. “[These areas] of the market that have really......

NBA Finals series featuring Bucks and Suns attracts 9.9 million viewers — up 32% from 2020, but still down from previous years

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CNBC – For more and to sign up click here Giannis Antetokounmpo #34 of the Milwaukee Bucks celebrates during Game Six of the 2021 NBA Finals on July 20, 2021 at the Fiserv Forum in Milwaukee, Wisconsin. Copyright 2021 NBAE. David Sherman | National Basketball Association | Getty Images The......

Thomas Peterffy says he owns some cryptocurrency because ‘you have to play the odds’

CNBC
CNBC – For more and to sign up click here Online brokerage pioneer Thomas Peterffy told CNBC on Wednesday he’s invested in cryptocurrencies, while still expressing skepticism over the long-term future of the digital asset class. “Even I myself have put a little bit of money into crypto, because even......

Bitcoin extends gains, climbing above $32,000 as cryptocurrencies rebound from sell-off

CNBC
CNBC – For more and to sign up click here A bitcoin sign with a graph pictured in the background. STR | NurPhoto via Getty Images Bitcoin and other cryptocurrencies recovered Wednesday after a brief sell-off, with the world’s biggest digital coin climbing back above $30,000. The price of bitcoin......

Elon Musk says Tesla will likely start accepting bitcoin again

CNBC
CNBC – For more and to sign up click here Elon Musk, chief executive officer of Tesla Inc., arrives at court during the SolarCity trial in Wilmington, Delaware, U.S., on Tuesday, July 13, 2021. Al Drago | Bloomberg | Getty Images Tesla CEO Elon Musk said the company will likely......

Ethereum price rises after Elon Musk confirms he owns the cryptocurrency

CNBC
CNBC – For more and to sign up click here Elon Musk, head of Tesla, at the Tesla Gigafactory construction site in Grünheide near Berlin, September 3, 2020. Patrick Pleul | picture alliance | Getty Images The price of ethereum rose Wednesday afternoon after Tesla and SpaceX CEO Elon Musk......

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