DraftKings (DKNG) shares sank nearly 11% on Monday following an Action Network report that customers had been hacked. The hack came late Sunday night, normally the busiest day of the week for sportsbooks, and just hours before the first U.S. World Cup soccer match, an event anticipated to draw significant gambling interest. In a statement provided to Yahoo Finance, DraftKings said it believes the login information of its customers was compromised on other websites and then used to access their… Source link

Disney (DIS) has some serious decisions to make now that Bob Iger has returned as CEO. One question includes the murky future of ESPN and whether or not the media giant should consider spinning off the popular sports network — a suggestion previously made by Third Point’s Dan Loeb. Loeb argued ESPN would have greater flexibility to pursue business initiatives, such as sports betting, if it was not part of Disney. “We’re very much against spinning off ESPN… that’s the dumbest thing ever,”… Source link

The last time the Orlando Magic and Indiana Pacers met, Jalen Suggs scored 35 Yahoo points. The NBA starts off the week with eight games on the schedule Monday. The reeling Bulls, who have lost six of their last seven games, will be facing another uphill battle when they play against the Celtics. Another exciting matchup between Eastern Conference teams will take place when the Cavaliers host the Hawks. The Bucks will be in action, playing host to a Trail Blazers team that will be without 

AL-RAYYAN, Qatar — Two American journalists have been told to remove rainbow-patterned articles of clothing by authorities at World Cup venues in Qatar in recent days. On Saturday, Los Angeles Times reporter Kevin Baxter was told by a police officer at the U.S. men’s national team’s Qatari training site that a rainbow-colored mask was not allowed. Two days later, at the Ahmad bin Ali Stadium, where the USMNT plays Wales on Monday night, longtime soccer journalist Grant Wahl said that he… Source link

To show investors that its cloud unit could compete with Amazon Web Services, Google in recent years signed billion-dollar, long-term deals with multinationals such as Deutsche Bank and Sabre. Google incentivized sales teams to nail those deals by basing a portion of their commissions on the value of the contracts—even if those customers didn’t actually spend the full amount on Google Cloud services. Those days may soon be over. As companies pull back on cloud projects and Google’s… Source link

The downfall of crypto exchange FTX and its founder Sam Bankman-Fried (SBF) has been described as the “Lehman Brothers” moment of cryptocurrency. Its demise is impacting other cryptocurrency platforms as investors and customers rush to retrieve their money. In continuation of our series, “What to do in a bear market,” Yahoo Finance spoke to crypto industry experts to put into perspective what happened, and how to handle the losses from fallen exchanges. There’s a lot of retail investors that… Source link

Google has published a new help document that talks about the more “notable” ranking systems Google has deployed over the years that are both currently in use and no longer in use in Google Search. The document is named a guide to Google Search ranking systems. Ranking systems in use. The document specifies that these are the ranking systems that are currently in use at Google Search. Google also provides a brief explanation of each ranking… Source link

Sundar Pichai, chief executive officer of Alphabet Inc.(Photographer: Michael Nagle/Bloomberg) © 2022 Bloomberg Finance LP Even Google isn’t immune to the severe downturn in the tech sector. Although more than 135,000 white-collar professionals in the tech and startup space have been downsized year to date, the giant search engine has avoided this trend. Amidst pressure from an activist hedge fund, adverse market conditions and a need to cut costs, Google launched a ranking system and… Source link

Wall Street seems to love this comeback story. Disney (DIS) stock soared early Monday, rising as much as 9% in early trading, after the media giant announced that former CEO Bob Iger will return to lead the company as its chief executive officer, effective immediately. Iger replaces Bob Chapek, who has stepped down from his position after less than three years on the job. Wall Street analysts, at first glance, appear optimistic the decision will improve the fortunes for a stock that has lagged… Source link

Elizabeth Holmes has at least one more opportunity to stay out of prison after a judge on Friday sentenced the once-aspiring biotech entrepreneur to 11 years and three months behind bars for defrauding a group of investors in her collapsed blood-testing startup, Theranos. Holmes’ freedom is dependent upon an expected appeal of her case, which her lawyers must file within two weeks. Once an appeal is filed, Holmes can request to remain out of custody while her appeal is considered by the 9th… Source link