Month: August 2022
Samsung just announced its newest folding phones, starting at $999
Samsung Galaxy Z Fold 4 Samsung Samsung on Wednesday announced its newest foldable phones, the Galaxy Z Flip 4 and Galaxy Z Fold 4. The $999.99 Galaxy Z Flip 4 and the $1,799.99 Galaxy Z Fold 4 look very similar to last year’s Flip 3 and Fold 3. The Galaxy Z Flip 4 is a […]
Read More
Google pushes Apple to adopt a new kind of text messaging, criticizes ‘green bubbles’
Android mascots are lined up in the demonstration area at the Google I/O Developers Conference in the Moscone Center in San Francisco. Beck Diefenbach | Reuters Google, the developer of the Android, is increasing the pressure on Apple to adopt RCS, a next-generation standard for text messaging. It argues that Apple’s support of RCS would […]
Read More
Paris Hilton will sell NFTs and hold virtual parties in The Sandbox metaverse platform
Paris Hilton this week announced that her company, 11:11 Media, will bring her world to the immersive virtual gaming world of The Sandbox. There, she’ll launch a “land,” in which she’ll interact with her fans and sell digital goods. The platform said Hilton “is planning social and community events such as rooftop parties and glamorous social […]
Read More
Crypto criminals laundered $540 million by using a service called RenBridge to bypass exchanges
Dan Kitwood | Getty Images A major way criminals in the crypto world launder money is by sending digital assets across blockchains, bypassing a centralized service that can trace and freeze transactions. They use so-called cross-chain bridges to make it happen, and the dollar amounts are getting large. One particular cross-chain bridge called RenBridge has […]
Read More
Zelenskyy vows to liberate Crimea; Ukraine fears Russian damage to major nuclear plant
Zelenskyy vows to liberate Russian-annexed Crimea People rest on a beach as smoke and flames rise after explosions at a Russian military airbase, in Novofedorivka, Crimea August 9, 2022. Stringer | Reuters Ukrainian President Volodymyr Zelenskyy vowed in his nightly address that Ukraine would liberate its southern peninsula of Crimea, which was annexed by Russia […]
Read More
Stocks making the biggest moves premarket: Wendy’s, Coinbase, Buzzfeed and more
Check out the companies making headlines before the bell: Wendy’s (WEN) – Wendy’s shares fell 1% in premarket trading following a mixed quarter, which saw the restaurant chain report better-than-expected earnings while revenue fell short of Street forecasts. U.S. same-restaurant sales rose 2.3%, less than analysts had estimated, as consumers spent more cautiously. Coinbase (COIN) […]
Read More
Roku downgraded to underperform at MoffettNathanson despite this month’s comeback rally
Sell shares of Roku as the media player manufacturer faces pressure from increasing competition and a worsening macro backdrop, according to MoffettNathanson. The firm downgraded Roku to underperform from market perform, and kept its price target, after the streaming company reported disappointing second-quarter earnings results last month. Roku missed expectations on both the top and […]
Read More
Wild swings in mortgage rates last week caused a rare surge in refinancing
An “Open House” sign at the Saratoga Homes Glendale Lakes community development in Arcola, Texas, on Tuesday, July 12, 2022. Mark Felix | Bloomberg | Getty Images After dropping at the end of July, mortgage rates moved higher on average again last week, but the daily moves were volatile. Mortgage demand was split, with gains […]
Read More
Morgan Stanley downgrades Allbirds, says stock is stuck until ‘path to profitability is more clear’
Shares of Allbirds could see limited upside until the path to profitability becomes more clear, according to Morgan Stanley. Analyst Alex Straton downgraded Allbirds to equal-weight from overweight, and slashed its price target, following a quarterly earnings report that pointed to greater economic uncertainty for retailers. Allbirds lowered its guidance for the year after citing […]
Read More
Disney’s earnings could define how the media industry views streaming’s future
A performer dressed as Mickey Mouse entertains guests during the reopening of the Disneyland theme park in Anaheim, California, U.S., on Friday, April 30, 2021. Bloomberg | Bloomberg | Getty Images Disney will put a stamp on how the media industry views streaming’s growth potential — at least for the time being — when it […]
Read More