BlackBerry spikes record 65% after finalizing deal with Amazon for automotive data software

BlackBerry CEO NYSE
John Chen, CEO of BlackBerry, gives an interview following the opening of his company’s stock at the New York Stock Exchange (NYSE) in New York, U.S., October 16, 2017.

  • BlackBerry surged as much as 65% on Tuesday after the company inked a multi-year deal with Amazon to develop and market its “Intelligent Vehicle Data Platform.”
  • The cloud software, called IVY, allows automakers to read vehicle sensor data and improve systems and performance, according to a press release.
  • The stock’s leap is its biggest one-day gain on record and placed shares at their highest level since April 2019.
  • Watch BlackBerry trade live here.

BlackBerry rocketed as much as 61% higher on Tuesday after inking a multi-year deal with Amazon to develop and market BlackBerry’s “Intelligent Vehicle Data Platform”.

The platform, named IVY, includes cloud-connected software that allows automakers to read vehicle sensor data and “create actionable insights from

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Zoom spikes as latest New York City school closure means more remote learning

remote learning

  • Zoom Video Communications reversed earlier losses and surged as much as 5.5% on Wednesday afternoon following the announced closure of New York City public schools, which will start Thursday.
  • NYC public schools will transition to remote learning because a surge in COVID-19 cases pushed the 7-day positivity rate above the 3% threshold.
  • Zoom has been a prime beneficiary of the COVID-19 related lockdowns that swept across the country throughout 2020. 
  • Visit Business Insider’s homepage for more stories.

Zoom Video Communications reversed its 3% loss on Wednesday and surged as much as 5.5% after the New York City public school system said it will close and transition to remote learning.

The move by ame after a surge in daily COVID-19 cases pushed the seven-day positivity rate above the 3% threshold set by NYC mayor Bill DeBlasio.

DeBlasio tweeted on Wednesday: “New

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Suspension of Cyprus Golden Visa Scheme Could Shock Nation’s Real Estate Market

Luxury home prices in Cyprus are headed for a downturn in 2021, as foreign investment in the country’s real estate dwindles, according to a report from the island’s English language financial publication. The forecast comes as the nation’s government decided last month to suspend its golden visa scheme, which allowed foreigners to become citizens by investing €2.5 million (US$2.96 million)

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