Daily Crunch: Child-friendly Amazon Glow video chat projector now available acro...
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Daily Crunch: Child-friendly Amazon Glow video chat projector now available across the US
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Hello and welcome to Daily Crunch for Tuesday, March 29, 2022! Haje and I are now flying solo with the newsletter. It will be all hands on deck today and tomorrow as we listen to startups pitch at the YC Demo Day, so look out for a deluge of stories over the next two days. Don’t forget to join us Wednesday for the DeFi & The Future of Programmable Money online event, and then at TechCrunch Early Stage on April 14.
A very warm welcome to Jacquelyn Melinek, who is joining our crypto desk and comes careening out of the starting blocks with her coverage of the largest DeFi hack we’ve seen so far. Great story and welcome aboard! - Christine
The TechCrunch Top 3
HackerRank will test your coding skills: The competition for talent is fierce out there, so how do you know that your potential new hire has what it takes? HackerRank raised $60 million to continue developing its recruiting tools to not only answer that question, but also enable developers to practice their coding and interview skills.
Electric buzzing after reaching unicorn status: If you are like most of us working from home, accessing the tools and equipment that would normally be waiting for us in the office — with an IT person at your beck and call — now involves a little more logistical effort. Electric secured $20 million to put it over the $1 billion valuation mark to manage much of that work for IT.
DAO for human behavior?: Jacquelyn was also busy writing about decentralized autonomous organizations, or DAOs, thankfully describing what they are and where enthusiasts see them being used in the future — think pooling funds or decision-making.
Startups and VC
It’s the most wonderful tiiiime of the yeaaaaaar – Y Combinator hasn’t quite gotten to 1,000 companies per batch yet, but its Demo Day comprises 424 startups from 42 countries – so as you might imagine, it’s still a pretty intense time at TechCrunch Towers. YC’s Demo Day showed off 32 startups from India (the accelerator has funded almost 200 Indian startups to date), with heavy focus on fintech. Africa was represented as well, with more than 18 Nigerian startups and an additional six from the rest of the continent.
- TechCrunch
Everything you need to know about YC Winter 2022 Demo Day, part 1
The TechCrunch team spent today covering the first day of Y Combinator's Winter 2022 Demo Day, which featured half of the 394 companies that plan to virtually present. Since the overall batch is bigger than ever before - with 414 companies in total - we decided to divide, conquer and create a slew of YC Demo Day trend pieces for you to parse through the cohort. It's not all inclusive - you can check out Y Combinator's blog for a list at your own leisure - but instead we aimed to provide signal amid the noise, and shout out out some of our favorite companies within this season's batch as well.
2h ago - Black Enterprise
Parallels Lets You Run Windows Apps On Your Mac
If you’re looking for a program that allows you to run both Windows and macOS on one device with optimal speeds, then look no further. Parallels® Desktop Pro Edition is just what you’ve been searching for in a program. Purchase it today.
2d ago AdBritney Buys A Luxury Mansion In Hidden Hills
Britney Jean Spears is an American singer, songwriter, and dancer. She is referred to as the "Princess of Pop" during the late 1990s and early 2000s.
- Reuters
Vietnam's Vinfast to build $2 billion electric vehicle factory in U.S
Vietnam's automaker VinFast said on Tuesday it has signed a preliminary deal to initially invest $2 billion to build a factory in North Carolina to make electric buses, sport utility vehicles (SUVs) along with batteries for EVs. The unit of Vietnam's biggest conglomerate Vingroup, said it plans to have a total investment of $4 billion in its first U.S. factory complex. The plant's initial capacity will be 150,000 units per year, Vinfast said.
9h ago - Reuters
Oil rises on supply tightness despite "constructive" Ukraine-Russia talks
Oil prices climbed on Wednesday, erasing losses from the previous session, on hopes of progress in peace talks between Russia and Ukraine and providing a fresh reminder supply remains tight as data showed U.S. crude stocks fell sharply last week. Brent crude futures touched a high of $112.78 shortly after opening and were up $1.35, or 1.2%, at $111.58 at 0005 GMT, reversing a 2% loss in the previous session. U.S. West Texas Intermediate (WTI) crude futures jumped $1.29, or 1.2%, to $105.53 a barre, erasing a 1.6% drop on Tuesday.
2h ago - Motley Fool
Why Ford Stock Put the Pedal to the Metal on Tuesday
Automotive giant Ford Motor Company (NYSE: F) stock has had a rough start to 2022, losing 18.5% of its value since the start of the year. On Tuesday, however, Ford finally found the gas pedal -- and floored it. As of 11 a.m. ET, Ford stock is up a solid 6.6%.
11h ago AdTracking the S&P China BMI
Why is China highly relevant to global market participants?
- Yahoo Finance Video
Micron shares pop after beating Q2 expectations
Micron stock is moving higher after hours following the company's impressive earnings results for its second quarter.
7h ago - Investor's Business Daily
Dow Jones Gains As Putin Agrees To This; Robinhood Stock Explodes; 3 Stocks Test Buy Points
The Dow Jones moved higher amid positive Russia-Ukraine cease-fire talks. Visa and Nike stock impressed. Robinhood stock exploded.
8h ago - Motley Fool
Why MicroVision Stock Rocketed More Than 30% Today
Shares of lidar technology company MicroVision (NASDAQ: MVIS) were skyrocketing on Tuesday, up more than 30% as of 12:35 p.m. ET. MicroVision is a small-cap stock that makes almost no revenue and generates losses, but due to its relatively high short interest, it has become a meme stock pushed on the Reddit message board wallstreetbets. With meme stocks, any small announcement can generate a huge amount of buying power, and there was actually some positive news for MicroVision today, although its ultimate importance is hard to determine.
9h ago AdAlways Place A Bottle On Your Tire When Traveli
I was set for my trip, or so I thought. That's when my friend told me to place a plastic bottle on my tire when traveling. The reason is quite clever
- Motley Fool
Rivian Stock Soared Today -- Is It a Buy?
The share price of electric vehicle (EV) maker Rivian Automotive (NASDAQ: RIVN) rose by more than 17% Tuesday. There was no specific news driving Rivian's share price higher, though. Are investors right to be snatching up shares of the electric truck maker now?
7h ago - Bloomberg
Stock Surge Is a Bear-Market Trap With Curve Inverted, BofA Warns
(Bloomberg) -- The 11% surge in U.S. stocks in the past two weeks has the hallmarks of a bear-market rally that might give way to deeper losses.Most Read from BloombergUkraine Update: U.S. Doubtful After Russia Vows Kyiv PullbackUkraine Update: Kyiv Seeks Cease-Fire Deal in Russia TalksWorld’s Longest Passenger Flight Plans to Avoid Russian SkiesAbramovich Suffered Suspected Poisoning During Ukraine TalksThe Fed Has Made a U.S. Recession InevitableThat’s the conclusion of analysts at Bank of Ame
6h ago - TheStreet.com
Cathie Wood's Ark Buys an Electric-Vehicle Maker and Sells Another
After a few days of quiet trading, Cathie Wood is back to dealing big names in big amounts. Her flagship fund has risen recently.
2d ago AdThe cost of each Trucking Accident is $148,279
ELD Mandate's Dash Cam is made for your peace of mind. Reduce insurance premiums, get 1GB data, GPS tracking, a second camera, and incredible service.
- Yahoo Finance
What made Warren Buffett rich is making us all poorer
"My life has been a product of compound interest," Warren Buffett once famously said.
7h ago - Motley Fool
Why QuantumScape Stock Exploded Today
Shares of the EV battery start-up are surging on reports of a big partnership and fresh analyst stock coverage.
8h ago - Motley Fool
Why IGM Biosciences Stock Rocketed Higher Today
In addition to reporting its fourth-quarter results, the clinical-stage biotech announced a lucrative new collaboration deal with Sanofi.
11h ago AdPlace A Bag On Your Car Mirror When Traveling
Brilliant Car Cleaning Hacks Local Dealers Wish You Didn’t Know
- Bloomberg
Debt Crisis Grips Russia’s Most-Loyal Ally as Dollar Bonds Dive
(Bloomberg) -- With all the focus on the risk of default by Russia, an even more spectacular collapse has gone largely unnoticed right next door: There’s a bond crisis brewing in Belarus, which has the world’s worst-performing government debt this year.Most Read from BloombergUkraine Update: U.S. Skeptical After Russia Vows Kyiv PullbackUkraine Update: Kyiv Seeks Cease-Fire Deal in Russia TalksAbramovich Suffered Suspected Poisoning During Ukraine TalksWorld’s Longest Passenger Flight Plans to A
11h ago - TheStreet.com
Elon Musk's Tesla Loses Prestigious Crown to Lucid
In the race for electric vehicles, Tesla has a considerable lead over its rivals. To fill this gap - which is far from being insurmountable - the legacy carmakers rely in particular on their tact and their experience in mass production and production rate management. The young Californian manufacturer has just snatched from Tesla a prize which crowns the luxury electric vehicle of the year for 2022.
4h ago - Yahoo Finance Video
Rep. Mace talks cannabis legislation, inflation, Russia-Ukraine war, and midterm elections
Rep. Nancy Mace joins Yahoo Finance Live to discuss cannabis legislation, inflation, midterm elections, and the outlook for the ongoing Russia-Ukraine war.
12h ago AdLaura Ashley - Sale Now On!
Shop online for exclusive home furnishings and womenswear
- TheStreet.com
GameStop Stock Halted On NYSE, Extends Slide With AMC As Trading Resumes
Meme stock favorites GameStop and AMC Entertainment were briefly halted from trading on the NYSE Tuesday as shares snapped one of the longest rallies on record for the video game retailer.
13h ago - Motley Fool
Why Nvidia Stock Jumped Today
Shares of Nvidia (NASDAQ: NVDA) soared in early trading this morning after an analyst raised his price target for the technology stock. Nvidia's shares.rose more than 2% this morning before losing some of those gains and settling up just 0.3% at 1:16 p.m. ET. Tigress Financial analyst Ivan Feinseth raised his price target for Nvidia's stock from $400 to $410 today and kept a buy rating on its shares.
9h ago - Simply Wall St.
The Consensus EPS Estimates For Carnival Corporation & plc (NYSE:CCL) Just Fell Dramatically
Market forces rained on the parade of Carnival Corporation & plc ( NYSE:CCL ) shareholders today, when the analysts...
6h ago AdBritney Buys A Luxury Mansion In Hidden Hills
Britney Jean Spears is an American singer, songwriter, and dancer. She is referred to as the "Princess of Pop" during the late 1990s and early 2000s.
- Yahoo Finance Video
CVS Health stock falls after Deutsche Bank downgrades shares
Yahoo Finance Live's Brian Sozzi discusses Deutsche Bank downgrading CVS Health stock.
13h ago - TipRanks
Is Novavax Stock a Buy Right Now? This Is What You Need to Know
Novavax (NVAX) might still be waiting for emergency use authorization (EUA) in the US for its Covid-19 vaccine NVX-CoV2373, but B. Riley analyst Mayank Mamtani notes two recent key developments which bolster the vaccine’s “long-term competitive positioning.” One concerns a recent head-to-head immune profiling study overseen by “independent, highly reputable research groups (La Jolla Institute, USCD)” which showed that, both on durability and cross-variant protection, Novavax’ offering was “at le
6h ago - GuruFocus.com
Energy Transfer: A David Tepper-Backed Dividend Play
Energy Transfer LP is one of the largest midstream energy companies in North America
10h ago AdTracking the S&P China BMI
Why is China highly relevant to global market participants?
- TechCrunch
Vietnam's VinFast to invest $2B in North Carolina EV factory
VinFast, the Vietnamese automaker under Vingroup, said Tuesday it will build its first U.S. factory in North Carolina, part of the company's previously stated plans to invest and expand in the country. The automotive newcomer said it will spend about $2 billion in the first phase of construction of the 1,976-acre North Carolina factory and will continue to invest in future phases. VinFast plans to produce two passenger vehicles at the factory as well as electric buses, batteries for electric vehicles and ancillary industries for suppliers.
7h ago - Yahoo Finance
Tesla stock split indicates 'a massive position of strength,' Dan Ives says
The news of Tesla (TSLA) laying the groundwork for its second stock split in two years has made analysts and investors optimistic.
12h ago - Yahoo Finance
GME and AMC halted for volatility amid mini meme stock boom
GameStop (GME) and AMC (AMC) shares were both briefly halted for volatility on Tuesday morning amid a recent boom for 'meme stocks'.
12h ago AdAlways Place A Bottle On Your Tire When Traveli
I was set for my trip, or so I thought. That's when my friend told me to place a plastic bottle on my tire when traveling. The reason is quite clever
- MarketWatch
My wife and I are in our 50s with $300,000 in a 401(k) and $700,000 in a pension. Will we have enough to ‘live a simple life’ in retirement?
Many Americans are surprised to see they have not prepared as well as they had hoped for retirement when they finally get ready to call it quits. The bad news is, you’ll probably have to make some realistic assumptions of what your retirement will look like. If you’ve lived primarily paycheck to paycheck in your working years, that may continue to feel the case in your retirement.
1d ago - Quartz
What the top US billionaires would owe under Biden’s new tax plan
President Joe Biden unveiled a budget proposal that includes a plan for a minimum tax on the wealthiest Americans, including unrealized gains.
1d ago - Motley Fool
Why Axsome Therapeutics Crushed the Market Again Today
This week is shaping up to be a memorable, and lucrative, one for Axsome Therapeutics (NASDAQ: AXSM) investors. Following a major acquisition announced yesterday, analysts are revising their price targets upwards on the shares. Axsome kicked off the week in spectacular fashion when it announced it had reached a deal with peer Jazz Pharmaceuticals to acquire Sunosi, a drug approved in 2019 that boosts wakefulness in people with excessive daytime sleepiness (EDS) deriving from sleep disorders.
5h ago AdThe cost of each Trucking Accident is $148,279
ELD Mandate's Dash Cam is made for your peace of mind. Reduce insurance premiums, get 1GB data, GPS tracking, a second camera, and incredible service.
- MarketWatch
Social Security benefits should not be cut
The only way to fix the problem is to raise revenues or cut benefits. Just to be absolutely clear, increasing Social Security’s Full Retirement Age is not just a question of “postponing” claiming; it is a benefit cut.
17h ago - Investopedia
What Percent of Your Salary Should Go Toward Retirement
There’s no way to accurately predict your retirement needs, but educated assumptions based on historical data provide fairly clear benchmarks.
6h ago - Barrons.com
Micron Stock Is Rallying. Earnings and the Outlook Were Strong.
Memory-chip maker Micron Technology saw strength across its business, with revenue up 25% in the latest quarter.
4h ago AdPlace A Bag On Your Car Mirror When Traveling
Brilliant Car Cleaning Hacks Local Dealers Wish You Didn’t Know
- Reuters
U.S. auto sales slump as less affluent buyers walk away
(Reuters) -U.S. new vehicle sales could fall to the lowest first-quarter volume in the past decade as chip shortages and the Ukraine crisis squeeze inventories and rising prices push less affluent buyers out of the market, research firm Cox Automotive said Monday. "Make no mistake, this market is stuck in low gear," said Charlie Chesbrough, senior economist at Cox Automotive, adding that sales will remain at current levels until supply improves. Detroit's mainstream brands and Nissan Motor Corp are getting hurt as less affluent consumers leave the new vehicle market, Cox analysts said during a call.
1d ago - HuffPost
Ex-Oscars Host Jimmy Kimmel Reveals How He Would’ve Handled Will Smith’s Slap
The late-night host also praised Chris Rock.
21h ago - Barrons.com
Energy Stocks Have Soared. These 3 Laggards Could Be Worth Another Look.
Not every energy stock has benefited from the sector's big rally. Two pipeline operators and a refiner have been left behind and might present opportunities for investors.
20h ago AdLaura Ashley - Sale Now On!
Shop online for exclusive home furnishings and womenswear
- TheStreet.com
Dutch Bros. Coffee Has Big Expansion Plans
Joth Ricci, president and CEO of Dutch Bros , the growing coffee chain, told Jim Cramer on a recent episode of the "Mad Money" TV show that the company has always been in the people business, not the real estate business. Ultimately, Dutch Bros has plans to expand to over 4,000 locations nationwide. Dutch Bros came public via a traditional IPO last September.
3h ago - TheStreet.com
Cramer's Mad Money Recap 3/29: Adobe, Yeti, FedEx, Disney
The bears got it wrong, says Jim Cramer. When good companies get slammed on earnings, it pays to be a bull.
2h ago - Simply Wall St.
The Trend Of High Returns At Lockheed Martin (NYSE:LMT) Has Us Very Interested
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...
4h ago - TheStreet.com
This Big Warehouse Operator Took in Nearly $1 Billion in Membership Fees Last Quarter Alone
The company is performing 'exceptionally well, but valuation remains a concern for Real Money columnist Stephen 'Sarge' Guilfoyle
1d ago - Investor's Business Daily
Dow Jones Futures: Stocks Jump On Russia-Ukraine Talks; Apple, Dutch Bros Break Out
The stock market rallied on Russia-Ukraine talks, despite some skepticism. Apple and Dutch Bros. broke out.
1h ago
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