The video game industry is reaching outside of its comfort zone as audiences are seeing exposure to more video game adaptations, TV series, M&A activity between studios, and even partnerships with popular streaming services. "The overall entertainment industry is large, it's a significant part of the global economy. And gaming is the biggest part of that — it's a $200 billion business today. It's bigger than streaming, bigger than the movie box office. Across the globe, 3 billion people play video games," former Nintendo of America President and COO Reggie Fils-Aime explains. An industry veteran, Fils-Aimé held the positions of Nintendo of America president and COO from 2006 to 2019. He believes the gaming industry is "poised for an upswing" following post-pandemic contractions from game studios and consumers. Fils-Aimé weighs in on rising trends in gaming, including VR and AR headsets — namely Apple's costly Vision Pro — and cloud gaming technology. More: https://lnkd.in/eKZNEw_X #yahoofinance #finance #tech #AI #VR #gaming #business #money
Yahoo Finance
Online Audio and Video Media
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Yahoo Finance provides free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Sign up for our daily morning newsletter, the Morning Brief through our profile URL. Sign up for Yahoo Finance's Morning Brief Newsletter. Need-to-know market analysis and finance news delivered right to your inbox: https://bit.ly/3Fq3C7C
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Updates
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Google parent Alphabet reported its fiscal second quarter earnings after the bell on Tuesday, beating analysts' estimates on the top and bottom lines, as its cloud businesses continue to pick up steam, topping the $1 billion mark for operating profit for the first time. https://yhoo.it/3A3ttDL
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Yahoo Finance reposted this
Tesla reported mixed results for Q2, but said new and affordable EVs will be built on the same assembly lines as current vehicles, meaning they will be cheaper to build and coming in the first half of 2025. The company did not however give an update on its robotaxi reveal date, which has been delayed from an original August 8th debut. Tesla said it would be built using the company's next-gen "unboxed" production method, which implies production of the vehicle could be some time away.
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Tesla reported mixed second quarter results after the bell on Tuesday that sent shares sliding. The EV-maker did say it was on track for production of new vehicles — likely a cheaper EV — in the first half of 2025. Tesla also said its growth rate in 2024 would be "notably lower" than what it achieved in 2023. https://yhoo.it/3Wxxdqa
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Yahoo Finance reposted this
Google parent Alphabet reported better than anticipated Q2 results on Tuesday, as its cloud business continues to grow. But increased AI spending and a miss on YouTube ads revenue kept post-earnings share prices relatively flat.
Alphabet earnings top estimates as cloud business gains steam, AI losses grow
finance.yahoo.com
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A new Redfin report shows that typical monthly payments for homebuyers in swing states have nearly doubled since the 2020 election. Redfin head of economic research Chen Zhao joins Yahoo Finance's Wealth! to break down the report and why housing has become unaffordable for many Americans. Zhao explains that the mortgage payment associated with a median-priced home in a swing state has risen 92% since 2020. "The reason for that is because home prices have gone up more than 40% and mortgage rates have more than doubled in that time. So that's really driving the increase," she says. She adds that American families making the median household income would have to spend 33% of their income to buy a median-priced home, marking a 22% rise since 2020. As the housing supply gets squeezed, buying a home has become much more expensive. While prices have risen in the past, Zhao explains that his increase is different: "Home prices actually also went up a lot between 2016 and 2020. They also went up about 40%, as they did between 2020 and 2024. But the difference is that mortgage rates did not go up between 2016 and 2020, but between 2020 and 2024, we went from ultra-low mortgage rates to now high 6 to 7% mortgage rates. And that's really driving the difference between those two time periods." More: https://lnkd.in/e6GXXAkS #yahoofinance #finance #realestate #money #economics #housing
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Exchange-traded funds that hold ether can start trading following final approval from regulators on Monday, according to the money managers that will oversee the new ETFs. The moves could make ether, the world’s second-largest cryptocurrency, a potential staple in 401(k)s, IRAs, and pension plans and grant the digital asset more mainstream acceptance. https://yhoo.it/3WjTmH0
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Spotify reported fiscal second-quarter earnings that beat expectations as the audio giant posted record profit, gross margin and free cash flow in the quarter on the heels of its recent "efficiency" strategy. https://yhoo.it/3Sjlwkr
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Yahoo Finance reposted this
Volume three of the Yahoo Finance Chartbook is live! I asked more than 30 of Wall Street's top equity strategists and economists for their most important chart right now. This is one of our larger projects of the year and a personal favorite of mine, especially given the talented visuals from Brent Sanchez throughout the book. This project is a bear and requires a lot of eyes. A big thanks to Myles Udland, Michael B. Kelley, Adriana Belmonte, Grace O'Donnell, Becca Evans, and David Foster, who all had a hand in fine tuning this edition of the Chartbook. Take a deep dive into the state of markets and the economy with us 👇 https://lnkd.in/eAZTRpfY
Yahoo Finance Chartbook: 32 charts tell the story of markets and the economy midway through 2024
finance.yahoo.com
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Yahoo Finance reposted this
🚗 GM is still powering toward an electric future, even if EVs have become a politicized talking point on the campaign trail. "I think we're trying to rise above politics and make this really about consumer choice," GM CFO Paul Jacobson told Yahoo Finance, when asked if he's frustrated on how electrified cars are being dragged through the political mud. Former President Donald Trump has repeatedly hinted at dialing back Biden Administration's EV infrastructure investments and a popular $7,500 tax credit for consumers. Jacobson said GM will continue to invest in battery production and EV-making, no matter who wins the White House. Added Jacobson, "We think it's an important tool [$7,500 tax credit] for some consumers today, but there are others who don't qualify for it or otherwise don't get it. And and they're buying electric vehicles as well." 🚘 More here, and ⬇ https://lnkd.in/eq4RS4_D