In the latest trading session, Advanced Micro Devices (AMD) closed at $80.89, marking a -0.57% move from the previous day. This change lagged the S&P 500’s daily gain of 0.02%. Heading into today, shares of the chipmaker had gained 7.05% over the past month, outpacing the Computer and Technology sector’s gain of 2.08% and the S&P 500’s gain of 0.04% in that time. Investors will be hoping for strength from AMD as it approaches its next earnings release. On that day, AMD is projected to report… Source link

(Bloomberg) — MicroStrategy Inc. boosted the size of a junk-bond sale to fund the purchase of more Bitcoin, selling $500 million of notes on Tuesday that were the first of their kind in the high-yield market. The company received about $1.6 billion in orders for the offering, including interest from a large number of hedge funds, according to people with knowledge of the marketing process, who asked not to be identified discussing a private transaction. The strong interest comes amid a… Source link

(Bloomberg) — Oil resumed its rally to top $70 a barrel in New York as investors grew more confident that accelerating vaccinations and easing travel restrictions will continue to boost demand. West Texas Intermediate futures surpassed the $70 mark to close at its highest since Oct. 2018 after briefly touching the key psychological level earlier this week. U.S. oil supplies fell 2.11 million barrels last week, the American Petroleum Institute was said to report. That would be the third… Source link

The state of Ohio filed suit against Google on Tuesday, claiming the tech giant should be regulated as a public utility due to its “discriminatory and anti-competitive” practices. The civil action, filed by Ohio Attorney General Dave Yost in Delaware County Common Pleas Court, does not seek monetary damages, but instead asks for Google to be declared a “common carrier” that could come under oversight from a body such as the state’s Public Utilities Commission. “Google uses its dominance of… Source link

Both organizers of a Memorial Day ceremony in Hudson, Ohio, have now resigned under pressure after they silenced a retired U.S. Army officer’s microphone while he was talking about how freed Black slaves honored fallen soldiers just after the Civil War. Video Transcript BARNARD KEMTER: 3,000 African-American schoolchildren singing the Union marching song, “John Brown’s Body.” They were carrying armfuls of flowers and went to decorate the graves. Interesting that there would be a tie back to… Source link

Ohio’s attorney general, Dave Yost, filed a lawsuit on Tuesday in pursuit of a novel effort to have Google declared a public utility and subject to government regulation. The lawsuit, which was filed in a Delaware County, Ohio court, seeks to use a law that’s over a century old to regulate Google by applying a legal designation historically used for railroads, electricity and the telephone to the search engine. “When you own the railroad or the electric company or the cellphone tower,… Source link

(Adds Lordstown’s comment, details about cash) June 8 (Reuters) – Electric truck maker Lordstown Motors Corp expressed doubts about its ability to continue as a going concern, the company said in a regulatory filing on Tuesday, sending its shares down more than 20%. (https://bit.ly/3w4iOlG) “We believe that our current level of cash and cash equivalents are not sufficient to fund commercial scale production and the launch of sale of such vehicles,” Lordstown said. Lordstown reported a net loss… Source link

Five years after being selected with the No. 4 pick in the MLB draft, Riley Pint has retired. Colorado Rockies assistant general manager Zach Wilson announced the news on Tuesday. The Rockies drafted Wilson out of high school in 2016, and he played five seasons in the franchise’s minor league system. Big fastball and control issues Pint tantalized scouts in high school with a 102 mph fastball and a plus arsenal of secondary pitches, but never advanced past the Class A level with the Rockies. He… Source link

Google TV, which offers one of the cleanest streaming experiences to cord-cutters, just vastly improved its live TV options — which is to say, users actually have options now. While the “Live” tab was previously limited to Google’s own pricey live TV streaming service, YouTube TV, the company has introduced a cheaper alternative with a Sling TV integration. The companies confirmed to The Verge that the added support for Sling TV marks the first non-Google live TV integration for… Source link

Nike (NKE) has celebrated Pride Month with its “Be True” collection since 2012. In 2021, the tradition continues with both the Swoosh brand and Converse with colorful new footwear to celebrate the LGBTQIA+ community. The Pride Chuck 70s is part of the Converse All-Stars “Show Love Without Barriers” collection. The off-white shoe features rainbow graphics designed by Xandro Miguell. Converse officials tell Yahoo Finance that the print explores the duality of struggle and joy and the… Source link