Amazon made the investment through its Amazon Alexa Fund. The investment in Ecobee was revealed roughly one week after Amazon paid an estimated $1.0 billion to acquire Ring, a video doorbell maker and a player in the smart home automation market. Ecobee is a Canada-based startup that develops smart thermostats.
STORY: Wall Street eked out modest gains on Friday, but the Dow Jones Industrial Average notched its largest weekly gain of the year, as investors looked ahead to key inflation data due out next week.The Dow closed up about a third of a percent higher, its eighth straight day of gains. The S&P 500 ended up fractionally, while the Nasdaq finished about flat but in the red.All three indexes recorded another weekly gain, but the muted end to the week suggested investors might be holding steady before next week's highly anticipated consumer price index or CPI report for April.The U.S. Labor Department is set to release the report on Wednesday and it will be one of the last the Federal Reserve will have to digest before it decides whether to cut interest rates or not.That makes it an important one, says Glen Smith, chief investment officer at GDS Wealth Management."We're expecting CPI numbers to continue to trend down to the 2%, which is the fed target rate. We think it's going to be very important in helping the Fed to decide if they're going to cut rates or keep them elevated. If CPI numbers are trending down to two 2%, we think it's very likely we could get a rate cut in July. Not in June, but in July. And if and if we're really surprised and inflation is dropping dramatically, perhaps we could have two cuts this year."Stocks on the move included Nvidia, which gained roughly 1.3% after Taiwan Semiconductor Manufacturing, the world's largest chipmaker and a major supplier to Nvidia, reported a near 60% jump in April sales. Shares of SoundHound jumped more than 7% after the company beat first-quarter revenue estimates.And shares of Novavax nearly doubled in value on Friday, after the vaccine maker said it scored a licensing deal worth up to $1.2 billion with Sanofi.
PORTLAND, Maine, May 10, 2024--BerryDunn, a full-service assurance, tax, and consulting firm, announces the recognition of two Principals—Tammy Michaud, CPA, and Dave Erb, CPA—making the Forbes inaugural list of America’s Top 200 CPAs 2024. According to Forbes, more than 1,000 candidates were evaluated and graded on the following criteria: certifications and credentials, years of experience, industry specialization, professional achievements, community involvement, thought leadership, client bas
Zendaya’s stylist and long-time collaborator Law Roach confirmed her signature red carpet heel in a recent interview
The U.S. Treasury Department said on Friday it planned to conduct a series of auctions to sell its warrants to purchase stock in U.S. airlines it received after Congress approved $54 billion in COVID-19 air carrier assistance in 2020 and 2021. Treasury received warrants to purchase stock at the share price of the time of the government awards. Airlines accepting government assistance were prohibited from furloughs or firing workers and faced limits on executive compensation and bans on stock buybacks and dividends that expired in September 2022.
FS KKR Capital Corp. (NYSE:FSK) Q1 2024 Earnings Call Transcript May 9, 2024 FS KKR Capital Corp. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning, ladies and gentlemen. Welcome to FS KKR Capital Corp First Quarter 2024 Earnings […]
Nutrien Ltd. (NYSE:NTR) Q1 2024 Earnings Call Transcript May 9, 2024 Nutrien Ltd. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Greetings, and welcome to Nutrien’s 2024 First Quarter Earnings Call. [Operator Instructions]. I would now like to turn the […]
Catherine, Princess of Wales is "doing well" following her cancer diagnosis. The 42-year-old royal has undergone chemotherapy treatment after being diagnosed with a form of cancer - but Prince William, her husband, has delivered a positive update about the princess during a visit to Cornwall in south-west England. The future monarch visited St Mary's Community Hospital in Hugh Town on Friday (10.05.24), and William told Tracy Smith, the administrator of the hospital, that the princess was making
Oprah Winfrey has been a "steadfast participant" in America's diet culture. The 70-year-old TV star acknowledges that she's played an influential role in shaping the conversation around diet and health in the US. Oprah - who has discussed the issue at length throughout her career - said on a YouTube special: "I want to acknowledge that I have been a steadfast participant in this diet culture. "Through my platforms, through the magazine, through the talk show for 25 years and online, I've been a
BOCA RATON, Fla., May 10, 2024--Terran Orbital Corporation (NYSE: LLAP) ("Terran Orbital" or the "Company"), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced it will host the Company’s first quarter 2024 earnings conference call at 11:00 a.m. E.T. on May 14, 2024.
MEXICO CITY, May 10, 2024--Due to reduced exposures in volatile lines of business such as agribusiness, (re)insurance companies in Brazil should be able to weather any impacts from the recent widespread flooding in Rio Grande do Sul, according to an AM Best commentary.
Celanese Corporation (NYSE:CE) Q1 2024 Earnings Call Transcript May 9, 2024 Celanese Corporation isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Greetings and welcome to the Celanese’s First Quarter, 2024 Earnings Call and Webcast. At this time, all participants are […]
DeWitt starred on 'Three's Company' alongside Ritter for eight seasons, playing Janet Wood while Ritter played her roommate Jack Tripper
Ormat Technologies, Inc. (NYSE:ORA) Q1 2024 Earnings Call Transcript May 9, 2024 Ormat Technologies, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning, and welcome to the Ormat Technologies First Quarter 2024 Earnings Conference Call. [Operator Instructions]. I […]
Ambev S.A. (NYSE:ABEV) Q1 2024 Earnings Call Transcript May 9, 2024 Ambev S.A. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning, good afternoon, and thank you for waiting. We would like to welcome everyone to Ambev’s 2024 First […]
Honey Run Elementary School and Mountain View High School in Virginia are returning to their former names after a vote on Friday, May 10
Chris Pine felt more vulnerable than ever as the writer and director of 'Poolman'. The 43-year-old actor starred in, directed, wrote and produced the new comedy movie, and Chris has confessed to feeling like "a stand-up comedian on stage" during the shoot. In an appearance on the 'Happy Sad Confused' podcast, Chris shared: "Criticism as an actor is just a part of the game, but there’s a lot of stuff to hide behind. "There’s the director and the writer and the release pattern … As an actor you co
Sofia Richie has congratulated Justin and Hailey Bieber on their pregnancy news. The 25-year-old beauty - who dated Justin in the summer of 2016 - has taken to social media to offer her congratulations to the loved-up couple, who are set to become parents for the first time. In response to Justin and Hailey's announcement, Sofia - who is also expecting her first baby with husband Elliot Grainge - wrote on Instagram: "Ahh! Congratulations. (sic)" Justin and Sofia - who is the daughter of music st
If you're after a mother's day gift, Woolies has you covered!
Ready Capital Corporation (NYSE:RC) Q1 2024 Earnings Call Transcript May 9, 2024 Ready Capital Corporation isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Greetings, and welcome to Ready Capital’s First Quarter 2024 Earnings Conference Call. At this time, all participants […]
Pentamaster Corporation Berhad ( KLSE:PENTA ) First Quarter 2024 Results Key Financial Results Revenue: RM170.8m (up...
Yahoo Finance