RFI China and US swap accusations of genocide, but does it make any sense? The last official act of out-going US Secretary of State Mike Pompeo was to accuse China of perpetrating “genocide” against its Uyghur population. China was quick to point to the US’s treatment of its own indigenous people, to the American history of slavery and discrimination. The increasingly vitriolic war of words adds to the ongoing deterioration of ties between Beijing and Washington. In a strongly worded press… Source link

A clash of the classes — “proletariat vs bourgeoisie” — is at the heart of the GameStop (GME) short squeeze saga, says one WallStreetBets participant. “WSB feels like it’s the working class vs. the hedge funds. The poor vs. the rich,” Twitter user @redditinvestors, who has been following Reddit’s WallStreetBets forum for years, told Yahoo Finance on Wednesday morning. WSB user and YouTuber Louis Rossman agrees. “There’s a lot of pent-up aggravation at the financial services… Source link

Google is advising site owners a message that was recently sent via Search Console may contain errors due to a known bug. Google Search Console is sending emails recommending the use of domain properties, emphasizing how much data is missing without one. The email begins with a headline that highlights the amount impressions data a site’s reports can gain with a verified domain property. Many of these messages were received with a glaring error at the beginning where the site’s URL either… Source link

Microsoft (MSFT) is officially a cybersecurity giant. For the first time on Tuesday, Microsoft disclosed revenue from its various security offerings as part of its quarterly earnings — $10 billion over the last 12 months. That amounts to a 40% year-over-year jump in the growing security business, making up roughly 7% of the company’s total revenue for the previous year. “We waited in some sense [until] this milestone to show the depth, the breadth, the span of what we are doing,”… Source link

Bloomberg Hedge-Fund Titans Lose Billions to Reddit Traders Running Amok (Bloomberg) — For once, Main Street is beating Wall Street.In a matter of weeks, two hedge-fund legends — Steve Cohen and Dan Sundheim — have suffered bruising losses as amateur traders banded together to take on some of the world’s most sophisticated investors. In Cohen’s case, he and Ken Griffin ended up rushing to the aid of a third, Gabe Plotkin, whose firm was getting beaten down.Driven by the frenzied trading… Source link

Shares in video game retailer GameStop (GME) are on a wild rollercoaster ride, fueled by retail trader geeks on Reddit—and newly minted New York Mets owner Steven A. Cohen is obscurely involved. GameStop shares rose more than 50% last Friday after users on the Reddit forum WallStreetBets (WSB) ganged up to buy the stock in response to a number of short calls, most notably from Andrew Left of Citron Research, who predicted that the stock would drop to $20. (GameStop isn’t the only one: AMC… Source link

Those select few on Wall Street waiting for tech giant Microsoft (MSFT) to stumble a bit amid sky-high expectations will have to wait another quarter. Or maybe another year. The company had a litany of wins in its most recent quarter that suggests business momentum will be sustained for some time, Jefferies tech analyst Brent Thill thinks. First, sales of Microsoft’s cloud service Azure rose an impressive 50% year-over-year as companies continued to pull forward cloud spending as workforces… Source link

On Monday, Google announced its replacement for third-party cookies. This “private-first” alternative is meant to group users into “flocks” to protect individual data. Tech columnist Jason Aten argues this isn’t really about privacy — it’s about Google maintaining control over the ad-tracking industry. Visit Insider’s homepage for more stories. On Monday, Google announced that it plans to begin testing out a replacement for third-party cookies… Source link

“Effective competition in the ad tech industry is important for Australian consumers. Ifadvertisers pay too much for digital advertising, the costs will be passed on to consumersin the form of higher prices for goods and services,” the report states. “If publishers receive too little revenue for their advertising inventory, consumers will face a reduction in the quality and variety of online content.” The ACCC said it had not yet reached a view on whether concerns about… Source link

Florida offensive coordinator Brian Johnson is leaving the school for the NFL. Johnson has informed Florida officials that he has agreed to become the quarterbacks coach for the Philadelphia Eagles, sources told Yahoo Sports. Johnson, 33, has established himself as one of the most promising young coaches in college football. He interviewed for jobs at South Carolina and Boise State in recent weeks and established himself as one of the top candidates in upcoming seasons. Johnson brings… Source link