Dow futures gained slightly after the three major averages posted a second day of losses
Focus on the data, not what the Fed speakers are saying, says Art Hogan Despite the “parade of Fed speakers,” that’s not what investors should be focusing on, according to Art Hogan, chief market strategist at B. Riley Financial. “I think investors need to pay more attention to what the data is telling us than what every Fed speaker, voting or not, has to say about what our expectations should be,” Hogan told “Squawk Box ” from CNBC. Asia”. Still, he said Fed officials have been able to shift expectations about where Fed policy is headed. The president of the…
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US Gaming Software Group Unit Seen Selling China Unit
American video game designer Unity software is in talks to sell its China unit and is seeking strategic investors for a business valued at more than $1 billion, sources said. News of the talks, which come amid tensions in US-China relations and concerns about data storage by foreign companies, saw Unity shares rise more than 5% on Tuesday. The San Francisco-based company is willing to help grow its China unit, said four sources, who declined to be identified because they were not authorized to speak publicly on the matter. There is also growing interest in expanding game-making software into new…
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Lobo Living Room presents: Blockchain
The Lobos are invited to the next one Lobo living room where UNM faculty and alumni will discuss cryptocurrencies, non-fungible tokens (NFTs) and their economic and environmental effects. The event will take place in person and via Zoom, Wednesday, August 17 at 6:30 p.m. Featured panelists will include UNM Assistant Professor Benjamin Jones, UNM Associate Professor Reilly White and alumnus Kyle Guin. The panel will discuss blockchain basics, the current state of crypto-mite, NFTs, and the future of decentralized finance. The UNM Alumni Association will also provide graphs and figures showing the distribution of energy use and pollution emissions from…
Read More »Celsius is trying to hire its chief financial officer at $92,000 a month, according to the filings
Embattled lending platform Celsius wants to bring ex-CFO Rod Bolger back and pay him about $92,000 a month, prorated over a period of at least six weeks. The struggling lender says it needs Bolger to help it navigate bankruptcy proceedings as an adviser. according to a motion filed in the Southern District of New York. “Due to Mr. Bolger’s familiarity with the Debtors’ business, the Debtors have requested, and Mr. Bolger has agreed pending the Court’s approval, to continue to provide advisory and consulting services to the Debtors pursuant to an Advisory Agreement,” the filing says. “In consideration of the…
Read More »Sierra Wireless announces preliminary financial results for the second quarter of 2022
VANCOUVER, British Columbia–(BUSINESS THREAD)–Sierra Wireless, Inc. (NASDAQ: SWIR) (TSX: SW) today reported preliminary financial results for the second quarter of 2022. All results are presented in US dollars and prepared in accordance with US generally accepted accounting principles. (“GAAP”), unless otherwise noted below. For the second quarter of 2022, preliminary revenue is expected to be between $185 million and $189 million. Adjusted EBITDA* is expected to be between $21 million and $23 million, compared to first quarter 2022 adjusted EBITDA* of $15.8 million. Sierra Wireless’ second quarter 2022 unaudited financial information in this press release is preliminary and subject to…
Read More »Samsara to announce Q2 FY2023 financial results on August 31, 2022
SAN FRANCISCO–(BUSINESS THREAD)–Samsara Inc. (“Samsara”) (NYSE: IOT ), the pioneer of the Connected Operations Cloud, today announced that it will release its financial results for the second quarter of fiscal year 2023, which ended July 30, 2022, following the US market close Wednesday, August 31, 2022. Samsara will host a live webcast today at 2:00 PM Pacific Time (5:00 PM EST) to discuss the results. Event: Samsara’s Q2 FY2023 financial results Date: Wednesday, August 31 Time: 2:00 pm Pacific Time (5:00 pm Eastern Time) Webcast: registration A replay of the webcast will be available from Samsara’s Investor Relations website at…
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Airbnb to report earnings amid rising inflation
Airbnb (ABNB) they reported solid financial results on Tuesday, meeting analysts’ expectations on revenue and slightly beating them on earnings per share. However, the company lost expectations in the evenings and reserved “experiences”. Shares fell 8% in after-market trading following the news. Here’s what Airbnb reported today, compared to Wall Street expectations: Income: $2.1 billion actual versus $2.1 billion forecast Adjusted EPS: Actual $0.56 vs $0.51 expected Nights and experiences booked: 103.7 million reals against the expected 106.1 million While the metric for nights and experiences booked was a loss, the number continues to rise from 102.1 million in the…
Read More »LSE boss: Cut red tape in stocks to beat crypto
Traditional stock markets must cut red tape if they are to lure retail investors away from crypto, the chief executive of the London Stock Exchange has said. “If we want to protect consumers, we should make it easier for them to buy regulated assets instead of forcing them into the unregulated market, which is easier to access because there are fewer restrictions on doing so,” he said. Julia Hoggett at Financial News. . Until as recently as this March, when the Financial Conduct Authority stepped in to shut them down, retail investors could use “crypto ATMs” to buy cryptocurrencies in…
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