Loop Capital Markets analyst Anthony Chukumba was among the first analysts on Wall Street to drop coverage of GameStop in February as the rise of meme traders overran the stock and sent it to dizzying new heights for no real fundamental reason.  But despite a new management team and board arriving to GameStop in recent weeks, don’t look for Chukumba to be re-launching coverage anytime soon.  “I will never cover GameStop ever again, there is just no point,” Chukumba said on Yahoo Finance… Source link

Yahoo Sports recently released its 2021 consensus fantasy football rankings. The analysts involved in the rankings are Andy Beherns, Scott Pianowski, Dalton Del Don, Liz Loza, and Matt Harmon, the creator of Reception Perception. It’s only July, but the interest in fantasy football starts increasing in the coming weeks. The Scott Fish Bowl draft (a fantasy industry league created for charity that consists of hundreds of contestants) is beginning early in July. Many outlets, including… Source link

(Bloomberg) — International Business Machines Corp. President Jim Whitehurst is stepping down after three years at the century-old technology company. The shares fell the most in five months. The departure marks one of the first major corporate reshuffles under Chief Executive Officer Arvind Krishna, who took the helm last year and has moved quickly to reshape IBM and return it to growth. Whitehurst, 53, is the former CEO of Red Hat Inc., which IBM announced it was acquiring in 2018 in a $33… Source link

A sign is seen at the entrance to the Google retail store in the Chelsea neighborhood of New York City, U.S., June 17, 2021. REUTERS/Shannon Stapleton July 2 (Reuters) – A federal judge said Google must face much of a lawsuit accusing the company of illegally recording and disseminating private conversations of people who accidentally trigger its voice-activated Voice Assistant on their smartphones. In a Thursday night decision, U.S. District Judge Beth Labson Freeman let plaintiffs in the… Source link

Google’s latest diversity report shows that despite some gains in the number of Black employees, the company is lagging in its goal to double the number of Black workers by 2025. And the search giant is having particular difficulty retaining women of color, the report released Thursday (pdf) shows. Google uses a scale it calls an attrition index, with the number 100 used as a benchmark. The attrition figure for Black women on that index rose from 110 in 2020 to 146 in 2021, the report… Source link

On July 5, Jeff Bezos will officially step down as CEO of the company he founded in 1994. Amazon (AMZN) will continue to exist, of course: It’s one of the most highly valued publicly traded companies in the world with a market capitalization of $1.7 trillion. But Bezos’ decision to leave the post, nevertheless, marks a new era for the e-commerce giant. The richest person on Earth, Bezos kick started the e-commerce revolution, forcing rivals like Walmart (WMT) to jump into the arena or be… Source link

Grayscale has announced that it has updated its Digital Large Cap Fund to include Cardano (ADA) Grayscale has announced that it has added Cardano (ADA) to its large cap fund. The ADA holdings now make it the third-largest holding in the fund, behind bitcoin and ethereum. The company exposure to ADA is currently 4.26%. With bitcoin making up 67.47% and ethereum making up 25.39%. In fourth place is bitcoin cash with 1.03%. In an announcement on Twitter, Grayscale commented on the addition of ADA,… Source link

After news broke that Richardson tested positive for marijuana and may miss the Tokyo Olympics this month, Twitter went wild. U.S. sprinter Sha’Carri Richardson is being shown love and support from many in the Black community on various social media platforms after news broke that she tested positive for marijuana and may miss the Tokyo Olympic Games. It remains unclear if Richardson will be suspended, how long the suspension could be, if she will appeal and how it will affect the… Source link

The U.S. economy added back jobs for a sixth straight month in June, with job growth picking up speed alongside the reopening economy.  The U.S. Labor Department released its June jobs report Friday morning at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus estimates compiled by Bloomberg: Change in non-farm payrolls: 850,000 vs. 720,000 expected and an upwardly revised 583,000 in May Unemployment rate: 5.9% vs. 5.6% expected and 5.8% in May  Average hourly… Source link

(Bloomberg) — Alibaba Group Holding Ltd.’s largest individual shareholders Jack Ma and Joe Tsai pledged parts of their combined $35 billion stake in the e-commerce giant in exchange for significant loans from banks, the Financial Times reported, citing company documents. The share pledges were made by offshore companies controlling more than half of the duo’s stake in Alibaba, which stood at 5.8% as of December, according to the FT. The documents didn’t disclose the amount of the share… Source link