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[ad_1] The post Google Scores Starlink Partnership With SpaceX appeared first on Millennial Money. Alphabet (NASDAQ: GOOG) subsidiary Google (NASDAQ: GOOGL) announced on Thursday that it had scored a partnership with Elon Musk’s rocket company SpaceX to help power Starlink. SpaceX has been deploying Starlink satellites that will beam internet connectivity down to Earth as part of a growing constellation of satellites, and SpaceX recently disclosed that it has over 500,000 orders. Here are the details for Google’s new deal with SpaceX. Powering space internet The search engine giant’s Google Cloud unit will help deliver networking services like data, cloud services, and applications to the Starlink network. SpaceX will start to install Starlink ground stations inside of Google’s data centers in order to facilitate low-latency connections that will be more secure and reliable. There are currently over 1,500 Starlink satellites in orbit. By leveraging Google Cloud’s high-capacity private network, Starlink can deliver its satellite internet service to just about anywhere, according to Google. The companies said that Starlink will be ideal for organizations that have broad footprints or operate in rural and remote regions, since those areas have historically been difficult for traditional internet service providers (ISPs) to reach in a cost-effective manner. “Combining Starlink’s high-speed, low-latency broadband with Google’s infrastructure and capabilities provides global organizations with the secure and fast connection that modern organizations expect,” SpaceX COO Gwynne Shotwell commented in a statement. “We are proud to work with Google to deliver this access to businesses, public sector organizations, and many other groups operating around the world.” The integration between Google Cloud and Starlink is expected to roll out in the second half of 2021. No other terms were disclosed, but the length of the contract could be up to 7 years, according to CNBC. Two partners are better than one SpaceX is working with multiple cloud vendors, as Microsoft (NASDAQ: MSFT) had announced in October that it also inked a deal with the company to help power Starlink with Azure. It seems unlikely that SpaceX would tap Amazon.com (NASDAQ: AMZN) to use Amazon Web Services (AWS), as Elon Musk and Jeff Bezos have a longstanding rivalry. Bezos’s rocket company, Blue Origin, competes directly with SpaceX for commercial launches, and the richest man on the planet once tried to poach Shotwell many years ago, according to an upcoming book about Amazon. Narrowing losses The news is a major win for Google, which has been competing aggressively to chip away at AWS and grow its cloud business. SpaceX and Google also have many other ties. Musk has long been personal friends with Alphabet founders Larry Page and Sergey Brin, and Google invested $900 million in SpaceX back in 2015 through its venture arm. Google Cloud has become increasingly important to the search juggernaut’s financial results, and Google finally disclosed Google Cloud operating losses for the first time in February. The new reporting structure came about a year after Google first started reporting Google Cloud revenue. Google Cloud posted $14.6 billion in operating losses between 2018 and 2020, and the cloud computing business lost another $974 million in the first quarter. That was down from over $1.7 billion in operating losses in the first quarter of 2020. Pick Like A Pro Where to invest $500 right now Before you buy Amazon, or Netflix, or Apple, consider this… The team at Motley Fool first recommended each of those stocks more than a dozen years ago! They discovered Netflix for $1.85 per share, back in the days of DVDs by mail. And recommended Amazon at $15.31 in 2002, before most people were comfortable using credit cards online. And even hit Apple at $4.97 per share, about a month before the release of the very first iPhone. Check out where those stocks are today. The bottom line: a $500 investment in all three of these stocks would be worth more than $200,000 today! And here’s why that’s important: The Motley Fool’s flagship investing service Stock Advisor just announced their top 10 “best buys now” across the entire stock market. Whether you’re starting with $100, $500, or more, you’ll want to get the full details! Click here to learn more The post Google Scores Starlink Partnership With SpaceX appeared first on Millennial Money. [ad_2] Source link

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[ad_1] U.S. stocks rebound after rout, bond yields dip [ad_2] Source link

[ad_1] IDC said PCs were in high demand because enterprises, SMBs, and consumers continued their purchases. Besides, supply has been inconsistent over the past few quarters and demand continued to outstrip supply for the country. [ad_2] Source link

[ad_1] The post Butterfly Network Gets Its Wings Clipped After First Quarter Results appeared first on Millennial Money. Medical imaging company Butterfly Network (NYSE: BFLY) reported first-quarter results on Thursday and investors were not impressed. Butterfly Network went public by merging with special purpose acquisition company (SPAC) Longview Acquisition, which closed in February.  SPACs have fallen out of favor in recent months, with investors shunning nearly all companies remotely related to SPACs. Prominent growth investor Cathie Wood has been aggressively buying the stock as well in various ARK Invest ETFs, and many of Wood’s picks have been similarly under intense selling pressure. As of 1 p.m. EST on Thursday, Butterfly Network shares were down 15.14%. Here’s how Butterfly Network performed in the first quarter Revenue in the first quarter increased 43% to $12.4 million, which resulted in a net loss of $690,000, or $0.01 per share. No Wall Street analysts cover Butterfly Network, so there are no formal expectations to compare the results to.  The company sells a handheld ultrasound device known as the Butterfly iQ+, and total units sold increased to 5,013 in the first quarter. The expanding installed base is helping Butterfly Network grow subscription revenue, which totaled $2.9 million during the quarter. That segment is far more profitable than product sales. Subscription gross margin was 87%, compared to the 41% gross margin associated with product revenue. Butterfly Network is expanding its team, building a commercial team dedicated to selling Butterfly iQ Vet to the veterinary market. The company believes it can disrupt the veterinary imaging market, which is expected to grow to $450 million by 2025, since Butterfly Network offers the only handheld ultrasound device that can accommodate a wide variety of animal anatomies. The company is also partnering with Sientra Health to promote Butterfly iQ+ into the plastic surgery market.  “During the quarter we made excellent progress expanding our commercial and organizational capabilities, driving partnerships that expand our reach across different care settings and specialties, as well as creating a dedicated team to transform veterinary medicine,” CEO Dr. Todd Fruchterman commented in a release. “I am excited by the breadth of opportunities in front of us to democratize imaging, drive fundamental change in healthcare across care settings, and advance global health equity.” Looking ahead Butterfly Network is guiding 2021 revenue to a range of $76 million to $80 million, which represents growth of 64% to 73%. Adjusted gross margin is forecast at 42% to 46%. That should all result in a net loss of $135 million to $155 million. Adjusted EBITDA for the year is expected to be negative $140 million to negative $160 million. However, competition is intensifying. In March General Electric (NYSE: GE) unveiled a competing Vscan Air ultrasound device that similarly features a handheld form factor. The conglomerate’s healthcare unit has high hopes of dominating the ultrasound market, targeting 30% market share by 2025. It won’t be easy for a small player like Butterfly Network to keep up with a juggernaut like GE. Pick Like A Pro Where to invest $500 right now Lots of new investors take chances on long shots instead of buying shares of great companies. I prefer businesses like Amazon, Netflix, and Apple — they’re all on my best stocks for beginners list. There’s a company that “called” these businesses long before they hit it big. They first recommended Netflix in 2004 at $1.85 per share, Amazon in 2002 at $15.31 per share, and Apple back in the iPod Shuffle era at $4.97 per share. Take a look where they are now. That company: The Motley Fool. For people ready to make investing part of their strategy for financial freedom, take a look at The Motley Fool’s flagship investing service, Stock Advisor. They just announced their top 10 “best buys now” across the entire stock market. Whether you’re starting with $100, $500, or more, you should check out the full details. Click here to learn more The post Butterfly Network Gets Its Wings Clipped After First Quarter Results appeared first on Millennial Money. [ad_2] Source link

[ad_1] These Oakley Men’s Valve Polarized Sunglasses would make a great Father’s Day gift! Proozy has these Oakley Men’s Valve Polarized Sunglasses for just $71.50 shipped when you use the promo code MSMPOL at checkout! These are regularly $143 and this is a great deal on this brand. Choose from four color options. Great Father’s Day gift idea. Valid through May 18, 2021. [ad_2] Source link

[ad_1] Gaza conflict intensifies with rocket barrages and air strikes [ad_2] Source link

[ad_1] The Reserve Bank of India said it has cancelled the licence of United Co-operative Bank Ltd, Bagnan, West Bengal, as it does not have adequate capital and earning prospects. [ad_2] Source link

[ad_1] Robin Sheridan, a real-estate broker with Compass Washington, recently listed a three-bedroom home in Seattle for $795,000. The 76-year-old brick home had what Sheridan considered a “funky layout,” with two rooms added to the back that didn’t quite integrate into the flow of the home. Still, they functioned well as office spaces. Sheridan received 29 offers on the property, which went pending within five days – and sold for $1.013 million, or 27.4% over the list price. As anyone involved in the residential real-estate market knows, bidding wars – and contract prices exceeding the list price – are the norm today in many markets around the nation. Sheridan’s listing appraised at the contract price, and the deal went through without a hitch. But how do appraisers value a home in a market where prices are escalating rapidly – and where nearly two-thirds (64%) of listed homes faced bidding wars in March, according to Redfin, due to low mortgage rates and a severe shortage of homes for sale? “The challenge is that the sales data you’re looking at is dated,” said Shawn Telford, chief appraiser at CoreLogic. “While the comparable sale might have closed three months prior to the appraisal, it went under contract before that, and market conditions five months ago were different than they are today. That’s where appraisers put on their thinking caps and dig in and do their research on how they might adjust the comparable sale they’ve selected to account for current market conditions.” Indeed, time adjustments are a valuable tool that appraisers use to reflect changing prices in the local housing market. “They might look at the last three to six months of sales activity – or longer – in a defined market and try to extrapolate what the trend is,” Telford said. “If home prices increased month over month by 1%, they can use that pattern to support an upward adjustment to the comparable to accurately reflect what the subject property might be doing.” The rest of this content is for HW+ members. Join today with an HW+ Membership! Already a member? log in HW+ includes weekly long-form digital content, HousingWire Magazine, access to HousingStack, and free admission to all HousingWire virtual events. The post How appraisers value homes in a hot housing market appeared first on HousingWire. [ad_2] Source link

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