Latest news with #San Jose
Associated Press
2 days ago
- Business
- Associated Press
Ayla Networks Appoints Chris Williams as Global Sales Leader
SAN JOSE, Calif.--(BUSINESS WIRE)--Jul 23, 2025-- Ayla Networks, a leading smart home connectivity platform provider, today announced Chris Williams has joined the company as its Vice President and Global Sales Leader. In this role, Williams will lead Ayla's sales efforts around the world, working closely with manufacturers, retailers, and channel partners to accelerate the company's growth in the IoT and smart home markets. Williams joins Ayla Networks most recently from DVSAnalytics, where he served as Head of Global Sales. In that position, he led sales and marketing teams delivering solutions for the Customer Experience (CX) market. Previously, he held sales leadership roles at ConvergeOne, where he was responsible for driving sales growth in the company's SaaS solutions and managed service product offerings. 'We are thrilled for Chris to join Ayla at this critical juncture. Chris brings a wealth of experience in leading complex sales cycles, building high-performing teams, and cultivating lasting customer relationships,' said John Grady, CEO of Ayla Networks. 'His background in enterprise sales and developing robust channel strategies aligns closely with Ayla's vision for scaling connected home solutions globally.' 'I'm excited to join Ayla Networks at a time when smart home ecosystems are rapidly evolving,' said Williams. 'Ayla's ability to enable secure, differentiated connected products provides a strong foundation for growth. I look forward to working with our customers and partners to drive innovation and long-term success.' About Ayla Networks Ayla Networks, based in San Jose and with offices in China, India, and Taiwan, is a leading provider of an advanced cloud-based platform that empowers manufacturers, developers, and retailers to bring smart home devices to market quickly and efficiently. Ayla's platform encompasses devices, firmware, cloud services, and user applications to drive the development of differentiated connected products and services. Trusted by leading global brands and connecting millions of devices since 2010, Ayla's platform is renowned for its flexibility, scalability, and security. View source version on CONTACT: Robert Lutz Marketing, Ayla Networks [email protected] KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: HOME GOODS SOFTWARE HARDWARE CONSUMER ELECTRONICS TECHNOLOGY APPS/APPLICATIONS IOT (INTERNET OF THINGS) RETAIL SOURCE: Ayla Networks Copyright Business Wire 2025. PUB: 07/23/2025 11:00 AM/DISC: 07/23/2025 11:01 AM
Yahoo
2 days ago
- Business
- Yahoo
Meme-Stock Doubters Eye Hedge-Fund Strategy to Bet on Reversal
(Bloomberg) -- Barclays Plc says that it's about time to pump the brakes on a meme stock craze that's driven sharp rallies in companies like Kohl's Corp. and Opendoor Technologies Inc. Trump Awards $1.26 Billion Contract to Build Biggest Immigrant Detention Center in US Why the Federal Reserve's Building Renovation Costs $2.5 Billion Salt Lake City Turns Winter Olympic Bid Into Statewide Bond Boom Milan Corruption Probe Casts Shadow Over Property Boom How San Jose's Mayor Is Working to Build an AI Capital Retail traders have been piling into these unlikely names and sending their shares soaring, showing a kind of fervor that harkens back to the mania around GameStop Corp. shares during the Covid-19 pandemic. But these stocks can fall as suddenly as they rise, which is why Stefano Pascale at Barclays says one potential tactic is a popular hedge-fund strategy known as the dispersion trade. It involves a combination of options in single stocks and contracts on a broad index like the S&P 500 Index. In this case, investors could use options to bet that a basket of meme stocks will continue to be far more volatile than the S&P 500. For traders wanting to take a more directional bet on the frothiest companies, they can buy puts that would benefit if these shares reverse course. 'There are certain corners of the market where it does feel very bubbly,' said Pascale, head of US equity derivatives strategy at Barclays. He and his colleague Anshul Gupta have been warning about untethered market exuberance since the start of July. They point to a rush of companies going public by merging with blank-check companies, as well as the rally in Cathie Wood's ARK Innovation ETF. The fund is bullish on a swath of tech stocks and is up 73% in the last three months. These are 'signs that we typically associate with a frothy market,' they wrote in July 1 note. Social media buzz has spurred an outsized rally in retailer Kohl's, which rose as much as 105% on Tuesday. Shares of Opendoor, a platform for buying and selling real estate, are up more than 440% since the start of the month. Mounting Euphoria Last week, the Barclays Equity Euphoria Indicator, which uses options data to quantify investors' giddiness, jumped to its highest level since late December. 'A lot of people may recognize that there is a bubble and they may recognize that in the end, they will have to unwind in some form or another,' Pascale said. The challenge facing traders is how to pick the losers. In a Monday note, Piper Sandler Cos. identified two stocks up significantly this year that could be dispersion-trade candidates. It's bearish on beverage maker Celsius Holdings Inc., which is up 68% in 2025 and trades at a lofty price-to-earnings ratio of 77.6. Another is NRG Energy Inc., up 71% this year. 'To me, the activity is starting to have much more of a 2021 feel to it,' said Interactive Brokers' chief strategist Steve Sosnick, referring to the peak of the GameStop frenzy. But Sosnick isn't convinced the dispersion trade is the right way to play the meme stock resurgence, because the companies involved aren't big components of gauges like the S&P 500. In the case of Opendoor, it's not a member of the benchmark index. That makes it harder to bet on divergences between individual names and the wider market. 'It might be more appropriate if we were discussing Nvidia, or Microsoft,' he said. 'In this case I think it is purely idiosyncratic.' Another challenge is predicting when stocks might fall. 'Bubbles can persist for a very, very long time, especially if there's liquidity being provided to the market,' said Barclays' Pascale. Elon Musk's Empire Is Creaking Under the Strain of Elon Musk Burning Man Is Burning Through Cash A Rebel Army Is Building a Rare-Earth Empire on China's Border Thailand's Changing Cannabis Rules Leave Farmers in a Tough Spot How Starbucks' CEO Plans to Tame the Rush-Hour Free-for-All ©2025 Bloomberg L.P. Sign in to access your portfolio
National Post
3 days ago
- National Post
Brother of late NFL star Pat Tillman arrested after fiery post office crash
SAN JOSE, Calif. — The brother of late NFL star-turned-soldier Pat Tillman was arrested in connection with fiery car crash at a San Jose, Calif., post office over the weekend, the family confirmed in a statement Monday. Article content Richard Tillman, 44, of San Jose was arrested after the car rammed into the office located in a strip mall around 3 a.m. Sunday, causing the building to go up in flames, San Jose police said. No injuries were reported. Article content Article content The incident is being investigated as a 'potentially intentional act,' U.S. Postal Inspector Michael Martel said in an email Monday. There was no information about a possible motive. Article content About 50 firefighters took about 90 minutes to knock down the flames at the Almaden Valley Station Post Office south of downtown. Photos posted online by the fire department showed a charred vehicle inside the heavily damaged one-storey building. Article content Tillman was booked on suspicion of arson. He was held in lieu of $60,000 bail and was scheduled to appear in court on Wednesday, according to online custody records. A phone number could not be located for Tillman. Messages were sent to the Santa Clara County District Attorney asking if he has an attorney. Article content His brother Kevin Tillman shared a statement from the family who said they were relieved no one was hurt. Article content 'To be clear, it's no secret that Richard has been battling severe mental-health issues for many years,' the family said. 'He has been livestreaming, what I'll call, his altered self on social media for anyone to witness. Unfortunately, securing the proper care and support for him has proven incredibly difficult — or rather, impossible. As a result, none of this is as shocking as it should be.' Article content The family said they had limited information but were in communication with local authorities. Article content Pat Tillman left the Arizona Cardinals to join the military after 9/11 and was killed in Afghanistan in 2004 at age 27. His family is from the San Jose area.
Washington Post
3 days ago
- Washington Post
Postal inspectors investigating fiery car crash at California post office as an intentional act
SAN JOSE, Calif. — The U.S. Postal Inspection Service said Monday it is investigating a fiery car crash at a San Jose, California, post office over the weekend as a potentially intentional act. Richard Tillman, 44, of San Jose was arrested after the car rammed into the office located in a strip mall around 3 a.m. Sunday, causing the building to go up in flames, San Jose police said. No injuries were reported. About 50 firefighters took about an hour and a half to knock down the flames at the Almaden Valley Station Post Office south of downtown. Photos posted online by the fire department showed a charred vehicle inside the heavily damaged one-story building. Tillman was booked on suspicion of arson. He was held in lieu of $60,000 bail and was scheduled to appear in court on Wednesday, according to online custody records. A phone number could not be located for Tillman. Messages were sent to the Santa Clara County District Attorney asking if he has an attorney. The incident is being investigated as a 'potentially intentional act,' U.S. Postal Inspector Michael Martel said in an email. There was no information about a possible motive. Martel said Tillman is 'reported to be the brother of the late NFL player and U.S. Army soldier Patrick Tillman.' But the postal inspection agency and San Jose police did not provide any additional information. Pat Tillman left the Arizona Cardinals to join the military after 9/11 and was killed in Afghanistan in 2004 at age 27. His family is from the San Jose area. The Tillman Foundation, an organization established by the family, did not immediately respond to a request for comment. Nearly 2 million people live in the metropolitan area of San Jose, about 50 miles (80 kilometers) south of downtown San Francisco.
Al Arabiya
3 days ago
- Al Arabiya
Postal Inspectors Investigating Fiery Car Crash at California Post Office as an Intentional Act
The US Postal Inspection Service said Monday it is investigating a fiery car crash at a San Jose, California, post office over the weekend as a potentially intentional act. Richard Tillman, 44, of San Jose, was arrested after the car rammed into the office located in a strip mall around 3 a.m. Sunday, causing the building to go up in flames, San Jose police said. No injuries were reported. About 50 firefighters took about an hour and a half to knock down the flames at the Almaden Valley Station Post Office south of downtown. Photos posted online by the fire department showed a charred vehicle inside the heavily damaged one-story building. Tillman was booked on suspicion of arson. He was held in lieu of $60,000 bail and was scheduled to appear in court on Wednesday, according to online custody records. A phone number could not be located for Tillman. Messages were sent to the Santa Clara County District Attorney asking if Tillman has an attorney. Postal inspectors are investigating the incident as a potentially intentional act, said US Postal Inspector Michael Martel. There was no information about a possible motive. Nearly 2 million people live in the metropolitan area of San Jose, about 50 miles (80 kilometers) south of downtown San Francisco.
