“Call of Duty” maker Activision Blizzard (ATVI) reported its Q2 earnings after the closing bell Monday, beating analysts’ expectations on revenue, but falling short on the bottom line as the industry contends with a slowdown from its pandemic-era highs. Here are the most important numbers from the announcement versus what Wall Street was anticipating from the gaming giant, as compiled by Bloomberg. Shares of Activision Blizzard were largely flat following the report. While Activision… Source link

The world didn’t just lose its greatest sports champion and a civil rights leader on Sunday, when Boston Celtics legend Bill Russell died at age 88. We lost a touchstone to our history that can never be replaced. The NBA is different from most institutions in how it embraces the greats who built it. Only Pete Maravich had passed when the league honored its 50th Anniversary Team in 1997, and 47 attended the ceremony. Forty-five of the 61 living members were present for the 75th Anniversary… Source link

Oracle’s cofounder Larry Ellison.Justin Sullivan/Getty Images The database giant Oracle has started laying off some US employees, sources told Insider. It may cut thousands of jobs globally, according to news reports. Workers in Canada, India, and Europe may be next. The database giant Oracle began laying off more of its US workforce on Monday, employees have confirmed to Insider. The company may cut thousands of workers globally — including in the US, Canada, India, and Europe — to reduce… Source link

The It List is Yahoo’s weekly look at the best in pop culture, including movies, music, TV, streaming, games, books, podcasts and more. Here are our picks for Aug. 1-7, including the best deals we could find for each. (Yahoo Entertainment may receive a share from purchases made via links on this page.) WATCH IT: Celebs battle it out in the kitchen in Celebrity Beef Joel McHale, the longtime host of E!’s The Soup, returns to the network seven years later to present this new cooking competition… Source link

The economy is looking pretty dreadful, and that won’t make the Federal Reserve’s job any easier as it tries to engineer a soft economic landing, one top Wall Street economist warns. “I would say that the recent economic data have been central banks’ worst nightmare,” said Citi Global Chief Economist Nathan Sheets on Yahoo Finance Live (video above). “On the one hand, I would say there is very clear evidence of a slowing in global demand. And on the other hand, there is also clear evidence… Source link

The NFL now holds Deshaun Watson’s football future in its hands. With independent disciplinary arbitrator Sue L. Robinson delivering a six-game suspension decision in Watson’s personal conduct policy case on Monday, the spotlight now shifts back to the NFL, which must decide whether to appeal the penalty. The league issued a statement Monday saying it’s “reviewing” the decision and “will make a determination on next steps.” Barring a mutually agreed upon extension between the NFL and NFL… Source link

Extreme weather events, from droughts to floods, have inflated global food prices beyond the effects of the Russia-Ukraine war — and climate change will only continue to stress crop yields. “The climate is the No. 1 reason why food prices go up,” Sal Gilbertie, president and CEO of Teucrium Funds (CORN), told Yahoo Finance Live (video above). “It happens all the time. If you look at the last six or seven times that global grains have risen, all but one — and that would be the Ukraine war… Source link

Boeing could be poised to see a big financial boost as it regains the authority to deliver 787 jets. Morgan Stanley Analyst Kristine Liwag estimated that Boeing may realize $17 billion in sales from the 120 787 airplanes it currently has in inventory waiting for delivery. “This is a major milestone for the business and unlocks another lever of free cash flow generation,” Liwag wrote in a new note to clients, describing the development as a “positive catalyst” for the stock. Liwag predicted that… Source link

James Howells was doing some housecleaning in 2013 when he mistakenly threw out a hard drive that contained 8,000 Bitcoin he had mined. At the time, it was a mistake that cost him anywhere from $108,000 to $8.6 million depending on when he tossed the drive (2013 was a particularly volatile year for Bitcoin). That’s enough to make anyone kick themselves. Bitcoin, though, has only gotten more expensive, meaning Howells’ losses have continued to grow. Even with the recent crypto winter, they… Source link

Between slowing revenue growth and an increasingly murky outlook for tech companies in general, Google is tasking its employees to put in harder shifts at work. Amid a larger market downturn over the past few months, the tech sector has arguably fared the worst. Thousands of tech company employees have been laid off, and with chatter growing that an inevitable economic contraction is on the way, more speculative stocks such as tech are bracing for the worst. At Google—one of the… Source link