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Read More »Monthly Archives: October 2021
Week 7 start ’em, sit ’em help
It’s Week 7 in the NFL and with SIX teams on bye, there’s no better place to prepare for your fantasy matchup than with the Yahoo “Fantasy Football Live” crew. We’ll tackle the tough sit-start questions, latest betting trends and preview the Monday night tilt between the Saints and banged-up Seahawks. Could Matt Stafford light up the scoreboard against his former club? What single-game DFS options should be rostered between the 49ers and Colts? Andy Behrens, Liz Loza, Matt Harmon, Tank… Source link
Read More »Trump deal delivers $420 million windfall for dealmaker
By Anirban Sen and Jessica DiNapoli (Reuters) -A merger with former U.S. President Donald Trump’s new social media venture has delivered a potential windfall of $420 million for a former finance executive who has been trying for a decade to reinvent himself as a serial dealmaker. Benessere Capital CEO Patrick Orlando’s stake in Digital World Acquisition Corp, the Miami-based blank-check acquisition firm he is leading, was worth $423 million on Thursday after his deal to merge with Trump Media… Source link
Read More »Democrats Back Off Plan to Raise Tax Rates on Corporations, Wealthy
Raising tax rates on corporations and high-income households is a key part of Democrats’ plan to pay for their proposed multi-trillion-dollar social spending plan, but opposition to that approach from Sen. Kyrsten Sinema of Arizona has sent lawmakers scrambling to find alternative ways to offset costs. Given Sinema’s resistance, there’s a growing chance that the corporate income tax rate could remain untouched in the Democratic budget bill. Even the compromise rate of 25% reportedly… Source link
Read More »Facebook and Alphabet Pummeled After Snap Warns on Ads
(Bloomberg) — A collapse in shares of Snap Inc. dragged technology companies exposed to digital advertising lower late on Thursday after the owner of the Snapchat app warned that customers are cutting back on ad spending. Most Read from Bloomberg Facebook Inc. and Twitter Inc. were among the biggest decliners, with each at one point sinking more than 6% in postmarket trading. Google-parent Alphabet Inc. slid 2.8%. Snap cited customers’ supply chain problems and Apple Inc.’s data… Source link
Read More »Stock futures pull back from record levels
Stock futures opened lower Thursday evening as investors took in another batch of earnings results and more data on the pace of the economy recovery. Contracts on the S&P 500 edged lower by about 0.3% as the overnight session kicked off. The blue-chip index had hit record intraday and closing highs during the trading day on Thursday. Dow and Nasdaq futures also moved lower. Snap (SNAP) shares sank more than 20% in late trading after missing third-quarter revenues and offering weak… Source link
Read More »Intel Falls as Outlook Shows Costly Path to Regain Dominance
(Bloomberg) — Intel Corp. Chief Executive Officer Pat Gelsinger spelled out the cost of his drive to return the world’s largest chipmaker to leadership of the industry and investors weren’t pleased. Shares fell about 9% in extended trading. Most Read from Bloomberg Executives said profitability will suffer during the next few years because of increased spending on the company’s manufacturing technology. Near term, if Intel’s fourth quarter comes in as the chipmaker projects, sales… Source link
Read More »Another Netflix price hike? Why one analyst says streaming giant is ‘substantially underpriced’
Netflix (NFLX) has faced both positives and negatives in Q3 — from beating subscriber growth estimates to battling backlash over the release Dave Chappelle’s comedy special “The Closer.” But at least one analyst seems to think the streaming behemoth is leaving money on the table, with its content slate drawing massive buzz in the face of fierce criticism. On Thursday, the stock spiked to a new record high at $654, with some on Wall Street expecting a test of levels at or near $700. “Netflix… Source link
Read More »AT&T is white-labeling Google Stadia to give you free Batman game streaming
Months after we predicted that Stadia would soon become a white-label cloud-gaming service, AT&T appears to be taking Google up on the idea. AT&T is offering a free browser-based version of Batman: Arkham Knight exclusively for wireless customers that makes use of Stadia’s technology. AT&T confirmed that its new game streaming experience runs on Google Stadia’s tech (via 9to5Google). Google announced the shutdown of its internal Stadia game studio in February. While Stadia is still… Source link
Read More »How WeWork traded in its public debut
WeWork shares made their public debut on Thursday, marking a milestone for the shared workspace company after a failed initial public offering two years ago. WeWork’s stock closed at $11.78 per share in its first day of trading on the New York Stock Exchange under the ticker “WE.” The listing came following a merger with the special purpose acquisition company BowX Acquisition Corporation. Shares of BowX had closed at $10.38 apiece on Wednesday. The deal provided WeWork with gross cash… Source link
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