OXNARD, Calif. — Ever since the Dallas Cowboys signed Ezekiel Elliott to one of the worst running back contracts in recent history, it has felt as if a clock was ticking on his departure. It also established a bit of training camp echo Wednesday, featuring a familiar storyline from a year ago. Something along the lines of: What can this team expect to get out of Ezekiel Elliott this season, and how much longer can it wait for him to live up to his elite salary? The answer last season was… Source link
Read More »Monthly Archives: July 2022
Opinion: Is Mark Zuckerberg taking the first step toward turning Facebook into Yahoo 2.0?
Yahoo was once the most popular website on the planet, the only place that everyone on the internet seemed to touch at least once an online session. After an ignominious slide, however, Yahoo is just another site that has some fans in certain parts of Asia and offers some niche products. Has Mark Zuckerberg launched Facebook on a similar path? That is the big question investors need to start asking as the Meta Platforms Inc. META,
Read More »Tom Pernice Jr.’s alleged behavior sounds chillingly familiar, and speaks to why domestic violence persists
The abuse alleged against PGA Tour member Tom Pernice Jr. is deeply disturbing, and also offers valuable insight into why such behavior persists. (Photo by Amy Lemus/NurPhoto via Getty Images) Warning: This column contains depictions of alleged domestic violence. Abusers are abusive for control. They can be emotionally abusive, verbally abusive and physically abusive. Often those three things happen in concert: An abuser will strike their victim, including name-calling or putdowns, and then say… Source link
Read More »5 top after-hours movers on Yahoo Finance
Stocks rallied Wednesday afternoon, hitting the highs of the session after the Federal Reserve raised interest rates by 0.75% and Federal Reserve Chairman Jerome Powell signaled the central bank may slow the pace of its hiking cycle. The tech-heavy Nasdaq jumped 4% during the session, posting its best gain in more than two years. Here are five top trending tickers on Yahoo Finance: Meta (META): The company reported second-quarter earnings after the bell Wednesday, missing Wall Street’s… Source link
Read More »Fed Watchers Say Markets Got It All Wrong on Powell ‘Pivot’
(Bloomberg) — Federal Reserve Chair Jerome Powell is raising interest rates at the steepest pace in a generation and he said Wednesday that another big increase is possible. Yet investors sent stocks surging on his comments that the hikes will eventually slow. Most Read from Bloomberg Some Fed watchers say markets read Powell’s press conference too narrowly. Economists pointed out that the Fed’s top focus remains curbing inflation, even if it comes at a cost to employment, the other side… Source link
Read More »Retailer becomes latest to badly whiff on profits as recession fears rise
Best Buy has become the latest big-name retailer to badly overestimate consumer demand as recession fears mount and shoppers pullback on discretionary purchases. The electronics retailer slashed both its second-quarter and full-year financial forecasts late Wednesday, sending shares lower by 4% in after-hours trading. Best Buy’s downward revisions are tough on the eye to say the very least: 2Q Same-Store Sales: -13% (previous: about -8%) 2Q Operating Margin: 3.7% (vs. 6.9% in second quarter of… Source link
Read More »Steelers captain Cam Heyward bristles at Ben Roethlisberger’s assertion that younger Steelers are ‘coddled’
Ben Roethlisberger went full old-man on the younger generation of Pittsburgh Steelers, and Cam Heyward’s not here for it. Heyward, Pittsburgh’s All-Pro defensive end and longtime captain, bristled at recent comments from his former quarterback that the younger generation of Steelers is “coddled.” Roethlisberger cited popular bugaboos “social media” and “NIL” in his critique. [Set, hut, hike! Create or join a fantasy football league now!] Heyward spent a segment of his latest “Not Just Football”… Source link
Read More »Google is switching your Gmail interface to this new look
We’ve been tracking the progress of Google’s interface refresh for Gmail since February, and as promised, the company says it’s now becoming available for all Gmail users. The rework pulls Meet, Chat, and Spaces closer together as part of the overall experience and includes elements from Google’s Material Design 3. It’s not stopping there and says that, later this year, we should see improvements to Gmail for tablet users, better emoji support, and more accessibility features,… Source link
Read More »Meta earnings miss expectations, net income plummets 36%
Facebook parent company Meta (META) reported its Q2 2022 earnings after the closing bell on Wednesday, falling shy of analysts’ expectations, and missing by a wide margin on its Q3 revenue forecasts. The quarter also marked the first year-over-year revenue decline for the social media company. Net income also fell 36% year-over-year. Here are the most important numbers from the report versus what analysts were expecting, as compiled by Bloomberg. Revenue: $28.8 billion versus $28.9 billion… Source link
Read More »Stocks surge as Fed hikes rates by 75 basis points
U.S. stocks surged Wednesday as investors mulled a major decision from Federal Reserve policymakers to raise interest rates by 0.75% and remarks from Chair Jerome Powell hinting the central bank may slow the pace of its rate-hiking cycle. Better-than-expected earnings from tech giants also helped lift sentiment. The S&P 500 jumped 2.6%, while the Dow Jones Industrial Average gained 430 points, or roughly 1.4%. The tech-heavy Nasdaq Composite soared 4.1%. The Fed on Wednesday issued another 75… Source link
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