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By the end of June, we will have reached the midpoint of the MLB season. This marks the time where the collective interest of managers in each fantasy league starts to wane. Some of us are lucky and have a full set of leaguemates who keep their foot on the gas until the end of September no matter where they land in the standings. Unfortunately, between summer vacations, the looming arrival of fantasy football season and the stark reality that some teams now have little chance of claiming the… Source link

The annual Fortune 500 list made headlines this month as a marker of progress in corporate diversity, since for the first time it included at least two Black women chief executives: TIAA (TRGIX) CEO Thasunda Brown Duckett and Walgreens Boots Alliance (WBA) CEO Rosalind Brewer. But headlines that trumpet the unique success of Black women executives may not deliver the message of progress they intend, says former Xerox (XRX) CEO Ursula Burns, who became the first Black woman CEO of a Fortune… Source link

Some sensible advice from Tim Draper, Brock Pierce, and other crypto leaders. It’s a great week for Bitcoin enthusiasts living in El Salvador. For the rest of us, the week has been “meh” at best. According to a tweet by Documenting Bitcoin, El Salvador’s President Nayib Bukele has promised to deliver $30 in Bitcoin to each registered El Salvador citizen, adding “The wallet app will work anywhere with a cell connection, and you won’t have to have a cell plan to use the app.”

Stock futures rose Friday morning to add to gains from a record-setting session, with traders hoping that a bipartisan infrastructure deal would help further stoke economic activity. Contracts on the S&P 500 and Nasdaq gained after both indexes set record intraday and closing highs during the regular trading day on Thursday. Dow component Nike (NKE) jumped 12.5% in early trading after posting quarterly sales growth that rebounding across all major regions. Meanwhile, FedEx (FDX) shares sank… Source link

Nike’s stock is shaping up to be a slam dunk in investors’ portfolios for the foreseeable future after a blowout earnings report Thursday evening sent shares soaring, most analysts contend.  “[Nike] shares should rise another 50% from here,” said Jefferies analyst Randal Konik in a research note to clients. Konik rates Nike as his top pick with a $200 price target.  Added Konik, “Nike is one of the best brands on the planet, the global consumer is very strong, the company is furthering its… Source link

If anyone can say they know the ins and outs of crypto, it’s the 29-year-old billionaire founder of crypto exchange FTX, Sam Bankman-Fried. Not only has he built up an impressive personal net worth by being ahead of the curve in crypto trends, he’s also built FTX into one of the fastest growing crypto platforms through first-of-their-kind partnerships.  First, there was the first-ever crypto deal with a major U.S. sports team by locking up the naming rights to the Miami Heat’s arena. Then,… Source link

Harley Finkelstein is looking to future-proof fashion and retail. If that sounds like a big job, it is. But he’s backing up the ambition with the sprawling and technologically savvy platform Shopify. More from WWD With Finkelstein as president, Shopify has helped shift the landscape in fashion and grown rapidly, providing e-commerce services to a range of companies, but especially championing smaller independent businesses. Last year, the platform powered sales with a gross merchandise… Source link

The Central American country plans to use bitcoin as a parallel legal tender alongside the US dollar, which has also been touted as a remittance currency for Salvadorans overseas. Photo: Jose Cabezas/Reuters The price of Bitcoin (BTC-USD) rose for a third consecutive day on Friday after El Salvador revealed that it would officiate the cryptocurrency as legal tender on 7 September. The Central American country plans to use bitcoin as a parallel legal tender alongside the US dollar, which has… Source link

Former vice president Mike Pence said he would remain “proud” that he and members of Congress completed the certification of the Electoral College results, in remarks at the Reagan Library on Thursday evening. In a wide-ranging speech, Pence urged Republicans to continue the policies of former president Donald Trump alongside more traditional conservative priorities. Pence said that “under President Trump’s leadership we were able to achieve things Republicans have been talking about… Source link

The stock markets are responding to conflicting signals lately, and the result is concurrent trends of volatility and gains that have been causing some confusion. Inflation has ticked up in recent months, as pent-up demand now let loose by the economic reopening is crossing limited supply and still-disrupted distribution chains. But there’s a strong feeling that the inflation is transitory, and that as people get back to work the inflationary trends will be pushed back by improved… Source link