106.38 -0.72 (-0.67%)
After hours: 7:13PM EDT
|Bid||107.01 x 1000|
|Ask||107.49 x 800|
|Day's Range||105.32 - 108.48|
|52 Week Range||82.00 - 147.38|
|Beta (5Y Monthly)||1.42|
|PE Ratio (TTM)||8.35|
|Earnings Date||Aug 17, 2020 - Aug 21, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||142.61|
Broadcom's (AVGO) Q2 results are likely to reflect growing adoption of infrastructure software solutions. However, coronavirus crisis-led supply chain constraints might have weighed on revenues.
Take a look at the most recent survey we conducted with a bunch of venture capitalists about mobility and what areas interest them most. A photo below, courtesy of Cris Moffitt, shows a sliver of the thousands of bikes at the yard in North Carolina. Keaks (Kirsten Korosec) has been working on a big(ish) story about JUMP for the last week.
With coronavirus keeping most people housebound, driverless cars have indeed proved to be an asset. However, it will still take considerable time to bring AVs into the mainstream.
NEW YORK, NY / ACCESSWIRE / June 1, 2020 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate ...
NEW YORK, May 30, 2020 -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Baidu, Inc. (NASDAQ: BIDU) between March 16, 2019, and.
NEW ORLEANS, May 29, 2020 -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors of pending.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2020. […]
Baidu (NASDAQ: BIDU), the Chinese tech giant that owns the country's top search engine, went public 15 years ago. Baidu remains a battleground stock for the bulls and bears. The bulls believe Baidu's dominance of China's search market, the growth of its streaming video unit iQiyi (NASDAQ: IQ), and the expansion of its ecosystem will support its long-term growth.
Good day,Industrial internet of things (IIoT) provider Samsara announced the introduction of driver efficiency scores to improve driver behavior and increase fleet safety. Fleets can monitor different driving parameters and use Samara's fleet efficiency reports to train drivers and reduce fuel consumption, while increasing overall operational sustainability. Samara's report aggregates data across several criteria, including instances of truck idling, speeding, cruise control, coasting, and high torque. That apart, it also records ‘anticipation events' that measure the number of braking events where the time from the accelerator to brake is less than a second. It also measures the time spent by truckers driving at the most efficient RPM, which directly corresponds to high fuel efficiency. Samsara believes that this report will help fleets identify inefficient driving habits, incentivize good behavior and facilitate effective feedback. Did you know?The shipments of core capital goods from the U.S. dropped 5.4% in April, according to the U.S. Department of Commerce. Core capital goods shipments are used to calculate equipment spending in the government's gross domestic product measurement. Core capital goods shipments fell 1.2% in March.Quotable"We see a historic fall in global energy investment, but the biggest hit is to the shale industry. It has always been under pressure, but now access to capital and investment confidence is drying up."– Fatih Birol, executive director of the International Energy Agency, while commenting on the possibility of U.S. shale sector investments dropping by half this year.In other newsBoeing details plans for mass job cutsBoeing Co. (NYSE: BA) will shed more than 13,000 employees in the aircraft manufacturer's first round of compulsory job cuts. (WSJ)Uber is scrapping tens of thousands of Jump bikes during a nationwide bike shortageUberTechnologies, Inc. (NYSE: UBER) scrap job comes at a time when many people are looking for alternate forms of transportation. (The Verge)China's Baidu finishes building ‘world's largest' test ground for autonomous vehicle, smart driving systemsBaidu, Inc. (NASDAQ: BIDU) says it has completed the world's largest site to test both autonomous driving and vehicle-to-infrastructure communication. (South China Morning Post)The shift to e-commerce poses a challenge for luxury brandsLeading brands should be able to handle rising e-commerce and mainland Chinese demand, but some fashion houses look unprepared. (Vogue Business)DHL acquires stake in Link Commerce developed by MallforAfricaDHL has acquired a minority stake in a turn-key e-commerce company that grew out of MallforAfrica.com – a Nigerian digital-retail startup. (TechCrunch)Final ThoughtsJapanese venture capital firm Softbank Corp. (OTC: SOBKY) has entered into an alliance with two other Japanese companies – Pacific Consultants (PCKK) and Oriental Consultants Global (OCG) – to help road maintenance programs in the U.S. by leveraging real-time data gathered from connected vehicles. In 2017, the American Society of Civil Engineers graded the country's roads very poorly, pointing out that 45% of U.S. roads were poor – a situation that has continued to worsen every year. With connected cars projected to account for over 70% of all vehicles sold in North America in 2020, data generated from these vehicles can be used across a variety of use cases. This Japanese collaboration will witness Softbank pooling its experience in the Internet of Things (IoT) and data analytics along with the road infrastructure acumen of PCKK and OCG, to create and sell insights to government bodies that are responsible for fixing road defects. Hammer down everyone!See more from Benzinga * Freightonomics: The Housing And Home Improvement Sector's Over-Achievement Driving Optimism For Recovery * Drilling Deep: Toll Collectors Are Handling A Lot Less Money * DOT Using Postal Service To Step Up Face Mask Distribution(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
NEW YORK, NY / ACCESSWIRE / May 28, 2020 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment. A class action has commenced on behalf of certain shareholders in Fifth Third Bancorp.
NEW YORK, NY / ACCESSWIRE / May 28, 2020 / Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Baidu, Inc. (NASDAQ: BIDU) between March 16, 2019, and April 7, 2020, ...
NEW ORLEANS, May 27, 2020 -- ClaimsFiler, a FREE shareholder information service, reminds investors of pending deadlines in the following securities class action lawsuits: Bed.
New York, New York--(Newsfile Corp. - May 27, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:To: All persons or entities who purchased or otherwise acquired securities of Baidu, Inc. (NASDAQ: BIDU) ("Baidu, Inc.") between March 16, 2019 and April 7, 2020. You are hereby notified that a securities class action lawsuit has been commenced in the the United States District Court for the Northern District of California. To get ...
Big investments in autonomous-vehicle and AI technology could be the key to getting Baidu's growth back on track.
NEW YORK, NY / ACCESSWIRE / May 27, 2020 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Baidu, Inc. ("Baidu" or "the Company") ...
Amazon (AMZN) in talks to acquire Zoox in order to strengthen presence in the autonomous driving space.
Last week, the Senate passed a bill to take on Chinese companies listed on U.S. stock exchanges. Soon, the rest of Washington appears poised to act.
(Bloomberg) -- TikTok’s parent ByteDance Ltd. generated more than $3 billion of net profit on over $17 billion in revenue last year, figures that show the world’s most valuable startup is still growing at a brisk rate, according to people familiar with the matter.The revenue for last year was more than double the company’s tally of about $7.4 billion in 2018, propelled by phenomenal growth in user traffic that’s drawn advertisers away from Tencent Holdings Ltd. and Baidu Inc. The people asked not to be identified because the financial details are private.ByteDance has emerged as one of the tech industry’s most surprising success stories, an innovative Chinese company that is challenging the global dominance of U.S. internet giants. It draws some 1.5 billion monthly active users to a family of apps that includes the TikTok short-video platform, its Chinese twin Douyin and the news service Toutiao. This month, the company poached Walt Disney Co. streaming czar Kevin Mayer to become chief executive officer of TikTok.The company owes much of its success to TikTok, now the online repository of choice for lip-synching and dance videos by American teens. The ambitious company is also pushing aggressively into a plethora of new arenas from gaming and search to music. ByteDance could fetch a valuation of between $150 billion and $180 billion in an initial public offering, a premium relative to sales of as much as 20% to social media giant Tencent thanks to a larger global footprint and burgeoning games business, estimated Ke Yan, Singapore-based analyst with DZT Research.“None of the Chinese tech companies has achieved this level of success in the global market before ByteDance,” he said, adding neither social media company harbors much debt. “The fact that ByteDance is making profit, if true, and sitting on a $6 billion cash pile means that it is not in a rush at all to come to market to raise capital, and therefore less likely to offer the shares at a more reasonable price for IPO investors.”ByteDance, led by Zhang Yiming, is becoming a viable rival to the dominant American online behemoths, Facebook Inc. and Alphabet Inc. Facebook unit Instagram brought in about $20 billion in advertising revenue in 2019, Bloomberg previously reported. Google said its video unit YouTube recorded $15.1 billion in ad sales last year.ByteDance representatives didn’t respond to a request for comment.That success has come despite American lawmakers raising concerns about privacy and censorship. In a rare bipartisan effort in Washington, Republican Senator Tom Cotton and Senate Minority Leader Chuck Schumer last year urged an investigation into TikTok, labeling it a national security threat.President Donald Trump on Wednesday threatened to regulate or shut down social media companies, tweeting that the platforms attempt to silence conservative voices. Twitter Inc. on Tuesday added a fact-checking link to two of Trump’s tweets to his 80 million followers.ByteDance is strengthening its operations in newer arenas such as e-commerce and gaming. This year, it kicked off a wave of hiring and envisions hitting 40,000 new jobs in 2020, hoping to match headcount of e-commerce giant Alibaba Group Holding Ltd. at a time technology corporations across the globe are furloughing or reducing staff.The company had very preliminary discussions about an initial public offering last year, but is in no rush to go public given its financial performance, people have said. It now has more than $6 billion of cash on hand, the people said.ByteDance, which is backed by SoftBank Group Corp., General Atlantic and Sequoia, is already the world’s most valuable startup, according to researcher CB Insights. Some private trades recently valued the Chinese company between $105 billion and $110 billion on the secondary markets, Bloomberg News previously reported. It has also traded as high as $140 billion, one person said, making it one of the most highly valued private companies of all time.(Updates with Trump tweets in ninth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
NEW YORK, NY / ACCESSWIRE / May 27, 2020 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate ...
Pomerantz LLP announces that a class action lawsuit has been filed against Baidu, Inc. (“Baidu” or the “Company”) (NASDAQ: BIDU) and certain of its officers. The class action, filed in United States District Court for the Northern District of California, San Francisco Division, and indexed under 20-cv-02768, is on behalf of a class consisting of all persons and entities other than Defendants who purchased or otherwise acquired Baidu securities between March 16, 2019, and April 7, 2020, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
NEW YORK, NY / ACCESSWIRE / May 27, 2020 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested ...
(Bloomberg) -- Tencent Holdings Ltd. is marketing its first dollar bond deal in more than a year, joining a growing band of Chinese borrowers in a recovering offshore debt market.The Wechat operator is offering a four-tranche deal Wednesday, drawing down from its existing global medium term notes program, according to people familiar with the matter, who are not authorized to speak publicly. The deal includes its first potential 40-year dollar note, the longest tenor by Tencent, Bloomberg-compiled data show.The Chinese social media giant is raising funds for debt refinancing and general corporate purposes, the people said. The company didn’t immediately respond to an emailed request for comment.Higher quality Chinese borrowers have flocked back to borrow offshore after a March sell-off roiled markets and saw issuance dry up. Strong appetite boosted orders of Chinese dollar bonds to seven times their issuance size in April, with Baidu Inc. raising $1 billion and Xiaomi Corp. selling its debut dollar bond.As U.S. treasury yields “remain near historical lows and the curve remains pretty flat, it makes sense for corporate to secure long capital at low cost,” said Angus To, Hong Kong-based deputy head of research at ICBC International Holdings. Tencent’s initial price targets are fair considering the new issue discount, he said.Final pricing could tighten further given the solid market sentiment toward investment grade names, he added.Tencent’s deal also comes as Hong Kong protesters prepare for what could be their biggest day of unrest in months against China’s increasing control over the city. Hong Kong police has deployed a large number of officers downtown to deter demonstrations.The appeal of attractive borrowing costs aside, China’s largest Internet firms remain hungry for cash as they increasingly expand beyond their comfort zones and wade onto each other’s turf, an expensive exercise that mirrors Silicon Valley’s evolution of years ago.Tencent received a $6 billion foreign bond sale quota from China’s top economic planning agency, Bloomberg reported on Tuesday, citing people familiar with the matter. The firm may not use the full quota for their issuance, they said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
WILMINGTON, Del., May 26, 2020 -- Rigrodsky & Long, P.A. reminds investors of upcoming deadlines involving securities fraud class action lawsuits commenced against the.