One of the long-expected NBA free agency deals made some headway Tuesday, and when free agency opens on Thursday, the New York Knicks are expected to present Jalen Brunson a four-year offer in the vicinity of $110 million, league sources told Yahoo Sports. The Knicks reportedly created cap space to offer Brunson that deal when they traded center Nerlens Noel and guard Alec Burks to the Detroit Pistons, clearing $19 million in salary. The Knicks also sent 2023 and 2024 second-round draft picks… Source link

The news sent the company’s shares 9% higher in extended trading on Tuesday and underscored a shift in focus at Pinterest to e-commerce initiatives from its advertising-based business model. In Ready, 42, the company gets an executive who for the past two years ran commerce and payment operations at the Alphabet Inc-owned search giant. Ready has also held senior leadership roles at PayPal. His appointment brings to an end Silbermann’s 12-year tenure as CEO, which began when he co-founded the… Source link

Global oil markets are going to be very volatile in the coming months if news emerging from OPEC’s main producers about production capacity constraints turns out to be true. OPEC will be meeting again in the coming days to discuss its export agreements, while today the oil group is presenting its Annual Statistical Bulletin (ASB) 2022. While the media is likely to be focused on rumors in the next 24 hours of a possible change in the export strategy of OPEC+, the real focus should be on… Source link

This is a significant update. Pinterest has today announced that co-founder and CEO Ben Silbermann is stepping down from his role, and shifting to a new position within the organization, with online commerce expert Bill Ready set to take over as Pinterest chief, effective June 29th, 2022.  Silberman posted an impassioned update on the Pinterest blog, noting the significance of the platform to him and his life. “As you can imagine, this was a hard decision. So much of my heart belongs to… Source link

Transformers are used for translation and text summarising tasks because they can analyze sequential input data, such as natural language. Transformers use the self-attention process and weights the importance of each component of the input data differently. Large-scale transformer-based language models have gained a lot of popularity recently in the disciplines of computer vision and natural language processing (NLP). They expand in size and complexity frequently, yet it… Source link

Google started rolling out an updated user interface for Gmail in February that pulls Meet, Chat, and Spaces closer and applies more of its Material You styling effects. Starting today, it’s becoming opt-out instead of opt-in, so your account will switch over to the new view by default pretty soon. It’s not a huge change, but as Google transitions through its current flavor-of-the-week messaging app and weaves its Workspace suite into a better competitor for Office, this puts more of… Source link

(Bloomberg) — Stock dip-buyers across the ETF world have vanished after seeing their account balances ravaged too many times in the 2022 meltdown. Most Read from Bloomberg Three times, to be specific. That’s the number of 5% bounces that have failed to endure in the S&P 500 this year — luring billions of dollars to exchange-traded funds in every rebound. Not this time. As the S&P 500 jumped more than 6% through Friday from its 2022 trough, roughly $10 billion was pulled out of equity funds,… Source link

After a 12-year run, Pinterest co-founder Ben Silbermann is stepping down from his perch as CEO of the popular image and link-sharing service. Following word of Silbermann’s departure, Pinterest’s stock price rose by more than 8% in after-hours trading. That initial pop may have been a sigh of relief from some investors, who’ve watched Pinterest’s stock steadily decline over the last year. Or, perhaps it’s a vote of confidence for Pinterest’s incoming… Source link

By Bryan Koenig (June 28, 2022, 7:02 PM EDT) — Google and Apple are fighting to toss a consumer suit from the same attorneys, and with virtually identical allegations, as a Google Search advertiser accusing Google of paying Apple not to produce its own search engine, arguing that the consumers in the latest case can’t show harm from using a free product. Friday’s motion to dismiss in the Northern District of California hews closely to the technology giants’ dismissal bid against a… Source link

Canelo Alvarez barely hid his disdain for rival Gennadiy Golovkin during media tour stops in Los Angeles and New York to promote their Sept. 17 bout for the undisputed super middleweight title at T-Mobile Arena in Las Vegas. Alvarez, who got a draw in their first fight in 2017 and won the second in 2018, referred to Golovkin as “an a**hole,” during interviews in Los Angeles. His ire is largely in response to Golovkin’s comments in 2018 about him shortly after Alvarez tested positive for… Source link