(Reuters) -Shares of Meta Material Inc gave up premarket gains to fall 20% on Monday, the first day of trading after a merger that saw the niche hi-tech materials maker swallow Torchlight Energy Resources, which was at the center of huge speculative bets by small individual traders. Torchlight’s stock rose as high as 74% last Monday as retail investors piled into the stock with record volumes. The shares, however, gave up some of the gains after the company upsized its stock offering. In a… Source link

The logo of video-sharing website YouTube is displayed on a smartphone on November 19, 2018 in Berlin, Germany. Thomas Trutschel | Photothek via Getty Images LONDON — It’s Europe’s fourth big investigation into Google, and this time video-sharing site YouTube seems to be getting some special attention. The European Commission, the EU’s executive arm, announced last week that it had concerns that Google is favoring its own online display ad technology services, therefore potentially breaching… Source link

Michael Jordan stopped scoring points in the NBA in April 2003, but Nike (NKE) is still slam dunking quarterly earnings in large part because of the staying power of the brand the NBA legend made famous.  On its fourth fiscal quarter earnings conference call, Nike executives casually mentioned Jordan brand sales rose an impressive 31% to $5 billion for the company’s just completed fiscal year. For a bit of perspective, the Jordan brand now makes up greater than 11% of Nike’s overall… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, June 28, 2021 With inflation no longer Greenspan’s ‘q’ word, here’s why generous worker pay matters. Does anyone remember the word “quiescent”? It’s an economic catchphrase popularized by Alan Greenspan, the former Federal Reserve chairman who presided over an impressive run of strong growth and stable inflation. During his lengthy… Source link

Since Google stopped providing unlimited storage in Google Photos June 1, some of you may worry that excess cat photos will push you into paying for extra storage or finding another place to back up your pictures. But this space crunch might not hinge on images at all, because Google’s 15-gigabyte limit for no-charge storage covers not just Google Photos but also Google Drive and Gmail. Although an individual email might not seem like much, a thousand words can be worth a picture –… Source link

Security-system provider ADT Inc. is betting on its partnership with Google’s smart-home business to increase revenue as it struggles to turn a profit three years after going public. The company, best known for its home alarm systems, last summer announced the deal with Google, whose Nest business makes thermostats and smoke detectors that customers can monitor from their phones. Under the agreement, Alphabet Inc.’s Google… Source link

The Milwaukee Bucks looked in trouble twice on Sunday after digging holes to start each half against the Atlanta Hawks. Both times they persevered.  In a game of runs, the Bucks mounted a pair of rallies and rode a hot Khris Middleton down the stretch to secure a 113-102 Game 3 win over the Hawks. With the win, they took a 2-1 series lead in the Eastern Conference finals. In addition to the loss, the Hawks carry concern from Game 3 about star guard Trae Young, who sprained his right ankle late… Source link

ATLANTA — The game was screaming for someone, anyone to say “enough” — to cut through the emotion of the night and take command of this series. Khris Middleton stepped in and although he was probably hard to hear, his right wrist did the talking for him, the Milwaukee Bucks and the rest of the NBA took notice. Middleton has been with Giannis Antetokounmpo since the days both were battling in practice over playing time eight years ago, and while Antetokounmpo has blossomed into a… Source link

Kevin Durant dunks on Brook Lopez The Nets came up short of a trip to the Eastern Conference Finals and, ultimately, an NBA title June 19 — a 115-111 overtime loss in Game 7 at Barclays Center against the Milwaukee Bucks — but Kevin Durant does see some positives. While Durant made clear his discontent with not winning, he expressed optimism about what Brooklyn has built in an appearance this past week on Episode 47 of the Boardroom: Out of Office podcast. “All of that s–t really don’t… Source link

After spraining his right ankle late in Game 3, Trae Young‘s status for Game 4 of the Eastern Conference finals is less than 100%. The Atlanta Hawks guard was in the midst of another big scoring night when he rolled his ankle late in the third quarter of Sunday’s loss to the Milwaukee Bucks. With Atlanta leading 85-82, Young threw an errant pass in a halfcourt set that Bucks forward Bobby Portis intercepted.  Trae Young injured after stepping on ref Young stepped back to get back on defense,… Source link