NEW YORK (AP) — The frenzy around GameStop’s stock may have quieted down, but the outsized influence small investors had in the saga is likely to stick around. No one expects another supernova like GameStop to happen again, where a band of smaller-pocketed investors helped boost a struggling company’s stock 1,000% in two weeks. But the tools they employed can be used again and again, if those smaller investors stay connected on social media forums and if regulators don’t change the… Source link

We are two years removed from Zion Williamson entering the NBA draft as the surest bet for superstardom since LeBron James, and yet the performance of the No. 2 pick leaves open a debate over who was the real prize in 2019. I am not ready to declare second-year Memphis Grizzlies point guard Ja Morant better than Williamson, largely because the 20-year-old New Orleans Pelicans forward still carries so much untapped potential, but the fact that Morant has even made that a real conversation is a… Source link

For the past two years, people who Google the term “cost of Green New Deal” have seen at the top of their results a price tag of $93 trillion.  This figure comes from something called the American Action Forum (AAF), which is described by sites like Wikipedia and FactCheck as “center-right” or “conservative.” In Google search results, the “featured snippet” up top about the Green New Deal references Wikipedia and says AAF estimates the cost at $600,000 per household…. Source link

One month after GameStop (GME) shares surged to record levels due to Reddit-fueled trading, Wall Street, online brokerage Robinhood and Reddit are facing probes by the Department of Justice (DOJ), the Commodity Futures Trading Commission (CFTC) and both chambers of Congress. During GameStop’s two-week meteoric rise, the S&P 500 dropped a whopping 5% from peak to trough. Wall Street felt the full brunt of the chaos. Hedge funds endured a gut-wrenching de-risking event comparable to the global… Source link

After a dominant season that included a Heisman Trophy and a national title, Alabama wide receiver DeVonta Smith has been discussed as a potential top-five pick who could be the first receiver selected in the 2021 NFL draft. But that’s not how things play out in the latest 2021 NFL mock draft from NFL Network’s Daniel Jeremiah, who has Smith falling out of the top 10. Jeremiah doesn’t explain his reasoning for Smith’s tumble, only correctly pointing out that his arrival in Minnesota at… Source link

CANBERRA, Australia — Australia’s government said on Tuesday it will amend draft laws that would make Google and Facebook pay for news to clarify that publishers would be paid in lump sums rather than per click on news article links. The legislative changes described in a government statement as “clarifications and technical amendments” follow Australian ministers’ weekend discussions with Facebook CEO Mark Zuckerberg and Sundar Pichai, chief executive of Alphabet Inc. and its subsidiary… Source link

Julie Bowen didn’t have the highest of expectations when she joined the cast of Happy Gilmore, the follow-up to Adam Sandler’s 1995 breakout Billy Madison that was released 25 years ago today. “At the time I just thought, ‘Oh, no one will ever see this,’” Bowen admits to Yahoo Entertainment during a recent interview (watch above). “And I couldn’t have been more wrong.” Thirteen years before her career-defining debut as Claire Dunphy on ABC’s long-running hit Modern Family,… Source link

Stocks rose Tuesday, extending last week’s gains as traders returned from a long holiday weekend in the U.S. The Dow, S&P 500 and Nasdaq came off session highs after reaching record levels shortly after market open. U.S. stocks tracked gains in European equities, after UK Prime Minister Boris Johnson said he was “hopeful” the country’s stringent lockdown restrictions could be eased in the coming weeks as the vaccine rollout continues and new daily infections fall further. Other risk assets… Source link

Draymond Green didn’t want to focus on the Golden State Warriors‘ 30-point demolishing of the Cleveland Cavaliers on Monday night. He instead spent almost all of his postgame news conference sounding off on how the NBA treats its players and the double standard. Green’s comments were unprompted by any questions, but were instead lit by the Cavaliers opting to sit center Andre Drummond while they attempt to trade him. The Cavs reportedly have no plans to play him while they search for a trade… Source link

Benzinga What Keystone Pipeline Cancellation Means For Crude-by-rail President Joe Biden’s revocation of the March 2019 permit enabling the construction of the Keystone XL pipeline will likely result in more crude-by-rail volumes, according to industry observers. But how much volumes will increase could largely depend on the price that heavy crude oil can fetch in the global market. “The cancellation of the Keystone pipeline project was inevitable once the government changed. Despite its… Source link