A look at search activity on Google indicates that U.S. consumers may be cooling off a little bit. Ben Breitholtz, a data scientist at Arbor Research, examines Google search activity as a gauge for consumer sentiment. On an episode of the “Odd Lots” podcast last year, he explained how watching this data was helpful in navigating the recovery in real time. Right now, he’s seeing some signs that the torrid pace of consumption we’ve seen is starting to cool just a little. … Source link

Lordstown Motors (RIDE) looks like one hot uninvestable mess right now, plainly put.  But the rollercoaster of a ride for beleaguered investors (what is left of them, anyway) is likely far from over.  Lordstown Motors said Monday that CEO and founder Steve Burns and CFO Julio Rodriguez have resigned. Angela Strand — its lead independent director — will assume the CEO position until a permanent leader is found. Becky Roof — an outside hire with extensive finance function experience —… Source link

Vertical Aerospace, a British electric aircraft manufacturer, announced last Thursday that it intends to go public via a $2.2 billion SPAC deal with Broadstone Acquisition. SPAC mergers, once the hottest method for private companies to go public, have seen a slump in their performances recently. Both pre-merger and post-merger SPACs have fallen in market cap within the last few months. Yet Vertical Aerospace viewed the process as an opportunity now that the frenzy surrounding blank-check… Source link

Sen. Lisa Murkowski (R-AK) (L) and Sen. Bill Cassidy (R-LA) (2nd R) leave the office of Senate Minority Leader Mitch McConnell (R-KY) following a meeting on Capitol Hill on June 09, 2021 in Washington, DC. Since the talks on infrastructure legislation with the White House fell through, a bipartisan group of senators have organized to try drafting a proposal themselves. (Photo by Anna Moneymaker/Getty Images) During the Trump presidency, “infrastructure week” became a running joke because… Source link

Tesla’s (TSLA) new 2021 Model S Plaid is an “impressive feat” in terms of performance and technology, and makes a strong addition to the car manufacturer’s product portfolio, Colin Rusch, senior research analyst at Oppenheimer Holdings (OPY), told Yahoo Finance Live. June 10’s “delivery event” for the Model S Plaid showcased the raw capabilities of the newest member of Tesla’s lineup. With deliveries kicking off last Thursday, customers are now able to take ownership of an EV… Source link

I’ve played fantasy baseball for 22 years, and I’ve never met someone who played this game perfectly. But the ones who come the closest tend to be those who can analyze their own performance. We all have weaknesses. We all have tendencies and biases. Recognizing the ways in which we aren’t perfect at playing fantasy baseball is the first step to correcting our flaws and having more success down the road. I’ve identified a few common mistakes that managers make. Some of these areas… Source link

The meme stock craze has found its latest target: video game hardware maker Corsair (CRSR). The company’s stock was up 31% when the market opened on Monday to $40.70, its highest price since late February, as mentions of the company on Wall Street Bets’ (WSB) Reddit pages have exploded. As of Monday morning, the stock was mentioned at least 1,180 times on WSB, according to Quiver Quantitative. Wallstreetbets Trackers, meanwhile, showed activity around Corsair up 17%. Corsair follows a… Source link

• The sticky stuff remains at the forefront of baseball, as this past week had the lowest spin rate of any this season, resulting in batting average being up and strikeouts down, as MLB’s planned crackdown on pitchers’ use of foreign substances is taking shape. Meanwhile, MLB’s spin leader Trevor Bauer was hit hard Saturday in a home start against a poor Rangers offense, and his stuff clearly hasn’t looked the same recently. Corbin Burnes, whose cutter is among the leaders in spin… Source link

Le’Veon Bell stirred up the first major offseason drama that didn’t include Tom Brady or Tim Tebow. In a comment on an Instagram post over the weekend, the former Kansas City Chiefs running back said that he’d retire before playing for head coach Andy Reid ever again.  We don’t know why Bell made those comments (his reduced playing time with the Chiefs may have something to do with it), but they didn’t sit right with one of Bell’s former teammates: Tyrann Mathieu. In a tweet replying to… Source link

The recent Advertiser Perceptions survey of the SSP market shows that (drumroll ….) Google is still the dominant gateway for online advertising, though publishers are testing and adding other SSPs more than ever. The survey was fielded in February and March of this year, and encompasses 151 publishing execs, each of whom represents a site with at least three million unique monthly visitors and sells inventory using an SSP. One important trend is the steady growth in the average… Source link