Affirm expands collaboration with Google Pay
Elevate Your Investing Strategy:
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
8 hours ago
- Business Insider
'Something's Gotta Break!': Target Stock (NYSE:TGT) Slips, New Boycott May Rise
There are some cracks emerging in the facade of retail giant Target (TGT). Foot traffic is still down even six months after the last boycott hit. Moreover, there could be another boycott brewing that will hit Target ahead of holiday shopping season. The idea left investors cold, and shares slipped nearly 1.5% in Friday afternoon's trading. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Target has had some serious trouble lately with political matters. Around two years ago, during the Biden administration, conservatives took aim at Target. They launched a boycott over Target's sale of LGBTQ-themed merchandise, as well as certain policies about the store's restrooms. The boycott seemed to work, and Target pivoted, changing display policies, bathroom policies, and even later making the move to end diversity, equity and inclusion (DEI) policies in accordance with new policies from President Trump. But liberals saw that the boycott plan worked, and launched their own, in protest of the DEI shutdown. Reports noted that foot traffic at Target is down, and falling. In fact, foot traffic fell for the sixth month in a row in year-over-year comparisons. Yet not all the lost foot traffic is attributable to politics. Some believe that Target is '…slipping on retail basics,' like empty cart corrals and understocked, unclean shelves. Another Boycott Brewing? There are also signs that another boycott could be in the works, which might hit Target at the worst possible time: holiday shopping season. Pastor Jamal Harrison Bryant has been working on the notion of getting his flock to stop shopping at Target stores, again over issues of DEI. Bryant took to his pulpit to insist 'Something's gotta break!' in the midst of a sermon about debt, divorce, and drugs, after which he quickly pivoted to taking on Target. While Bryant acknowledges that the momentum is against him—especially given that the Trump Administration is referring to DEI programs as 'illegal DEI'—Bryant believes that a boycott might also serve as a '…way to energize those younger churchgoers that remain,' a number that has been falling off historically since at least 2007. So if Bryant, and those like him, believe they may be able to use a Target boycott to put life back in their churches, then a boycott may indeed be coming. Is Target Stock a Good Buy? Turning to Wall Street, analysts have a Moderate Buy consensus rating on TGT stock based on 11 Buys, 17 Holds and four Sells assigned in the past three months, as indicated by the graphic below. After a 27.62% loss in its share price over the past year, the average TGT price target of $103.40 per share implies 0.51% upside potential.
Yahoo
13 hours ago
- Yahoo
Here's why Google might have to sell Chrome, and which companies want to buy it
A federal judge ruled that Google illegally maintains a monopoly in online search and ad markets. A court will this month decide on a remedy, which could force Google to sell Chrome. Several competitors have expressed interest in buying the web browser, including Perplexity. Chrome is the world's most popular web browser. But how much longer it belongs to Google is an open question. A court last year ruled that Google had violated antitrust laws by maintaining a monopoly on internet search. A second ruling in April found Google also monopolized open-web digital ad markets. The Justice Department asked a judge to force Google to divest its premier web browser to remedy the case. A court is expected to rule on that by the end of this month. Chrome, a free web browser developed by Google, is an important distribution tool for Google Search and its other services. It also provides insights into users' search habits and is the most popular web browser on the market. Being forced to sell Chrome would be an undeniable blow to Google and its parent company, Alphabet Inc. Analysts at Barclays said such an action could be a black swan scenario for Google stock, sparking an estimated 15% to 25% decline. Google denies it's a monopoly. It said in a blog post in May that offloading the web browser to another party could render it "obsolete" and "expose billions of people to cyber-attacks." Although the judge has not yet decided Chrome's ultimate fate, competitors are already lining up to gladly take it off Google's hands. an AI search chat platform, confirmed to Business Insider that it made a $35 billion bid for Chrome this week. JP Morgan and several private equity firms backed the bid. is a division of the digital marketing company Public Good, which acquired in July. Public Good President Melissa Anderson and CEO Danny Bibi told Business Insider they reached out to Google on Wednesday. "Given the number of worldwide users Chrome has, it's a really just phenomenal way to scale user adoption," Anderson said. The pair said they're committed to using AI ethically, which means offering its search for free in an effort to make knowledge accessible for all. They also said founded in 1998, already has a network of clients, so finding potential advertisers wouldn't be a heavy lift. Perplexity Perplexity, an AI search startup, made a $34.5 billion bid for the web browser this week. The company launched an AI-native browser, Comet, in July. Although the bid is higher than Perplexity's entire valuation, The Wall Street Journal reported that several investors have agreed to back the potential deal. Perplexity said it would continue supporting Chromium, Google's open-source web browser project that's the foundation of Chrome, as part of the deal, according to the outlet. The outlet reported that Perplexity would continue to keep Google as the default search engine, but users could change that through settings. OpenAI Although OpenAI's ChatGPT turned it into the leading AI startup in Silicon Valley, the company is a tiny fraction of the size of a Big Tech mammoth like Google. Purchasing Chrome, however, would help even the playing field. During Google's antitrust hearing in April, OpenAI's head of ChatGPT testified that the company would be interested in acquiring Chrome if Google were forced to divest. "Yes, we would, as would many other parties," Nick Turley told the court, according to Bloomberg. OpenAI CEO Sam Altman also recently said he'd be interested in snapping up Chrome. "If Chrome is really going to sell, we should take a look at it," Altman told a group of journalists on Thursday, according to The Verge. Yahoo Yahoo, a direct competitor of Google, would also be interested in bidding on Chrome, Bloomberg reported. Brian Provost, the general manager for Yahoo Search, said Chrome is "arguably the most important strategic player on the web" during a hearing for Google's antitrust case in April. "We would be able to pursue it with Apollo," Provost said, referring to Yahoo's owner, Apollo Global Management Inc. Read the original article on Business Insider Sign in to access your portfolio
Business Insider
15 hours ago
- Business Insider
Here's why Google might have to sell Chrome, and which companies want to buy it
Chrome is the world's most popular web browser. But how much longer it belongs to Google is an open question. A court last year ruled that Google had violated antitrust laws by maintaining a monopoly on internet search. A second ruling in April found Google also monopolized open-web digital ad markets. The Justice Department asked a judge to force Google to divest its premier web browser to remedy the case. A court is expected to rule on that by the end of this month. Chrome, a free web browser developed by Google, is an important distribution tool for Google Search and its other services. It also provides insights into users' search habits and is the most popular web browser on the market. Being forced to sell Chrome would be an undeniable blow to Google and its parent company, Alphabet Inc. Analysts at Barclays said such an action could be a black swan scenario for Google stock, sparking an estimated 15% to 25% decline. Google denies it's a monopoly. It said in a blog post in May that offloading the web browser to another party could render it "obsolete" and "expose billions of people to cyber-attacks." Although the judge has not yet decided Chrome's ultimate fate, competitors are already lining up to gladly take it off Google's hands. an AI search chat platform, confirmed to Business Insider that it made a $35 billion bid for Chrome this week. JP Morgan and several private equity firms backed the bid. is a division of the digital marketing company Public Good, which acquired in July. Public Good President Melissa Anderson and CEO Danny Bibi told Business Insider they reached out to Google on Wednesday. "Given the number of worldwide users Chrome has, it's a really just phenomenal way to scale user adoption," Anderson said. The pair said they're committed to using AI ethically, which means offering its search for free in an effort to make knowledge accessible for all. They also said founded in 1998, already has a network of clients, so finding potential advertisers wouldn't be a heavy lift. Perplexity Perplexity, an AI search startup, made a $34.5 billion bid for the web browser this week. The company launched an AI-native browser, Comet, in July. Although the bid is higher than Perplexity's entire valuation, The Wall Street Journal reported that several investors have agreed to back the potential deal. Perplexity said it would continue supporting Chromium, Google's open-source web browser project that's the foundation of Chrome, as part of the deal, according to the outlet. The outlet reported that Perplexity would continue to keep Google as the default search engine, but users could change that through settings. OpenAI Although OpenAI's ChatGPT turned it into the leading AI startup in Silicon Valley, the company is a tiny fraction of the size of a Big Tech mammoth like Google. Purchasing Chrome, however, would help even the playing field. During Google's antitrust hearing in April, OpenAI's head of ChatGPT testified that the company would be interested in acquiring Chrome if Google were forced to divest. "Yes, we would, as would many other parties," Nick Turley told the court, according to Bloomberg. OpenAI CEO Sam Altman also recently said he'd be interested in snapping up Chrome. "If Chrome is really going to sell, we should take a look at it," Altman told a group of journalists on Thursday, according to The Verge. Yahoo Yahoo, a direct competitor of Google, would also be interested in bidding on Chrome, Bloomberg reported. Brian Provost, the general manager for Yahoo Search, said Chrome is "arguably the most important strategic player on the web" during a hearing for Google's antitrust case in April. "We would be able to pursue it with Apollo," Provost said, referring to Yahoo's owner, Apollo Global Management Inc.
