Yahoo News

Stock futures traded slightly higher Monday evening after falling during the regular session, with technology stocks underperforming and dragging the Nasdaq lower as inflation concerns persisted.  Contracts on the S&P 500 opened a tick above the flat line, after the index posted its first decline in three days during Monday’s regular trading day. Dow and Nasdaq futures also opened in the green.  Technology stocks renewed a run of underperformance after a brief rebound late last week, with… Source link

The Wrap ‘Naked and Afraid of Love’ Among 3 Dating Series Ordered by Discovery (Exclusive) Discovery Channel is entering the dating game with series orders for three shows that blend romance with nature, entertainment and adventure, including “Naked and Afraid of Love,” “Mating Season” and “Mountain Love,” TheWrap has learned exclusively. The trio of series will be available across Discovery, Inc. platforms later this year. Here’s the official description for “Naked and… Source link

Most cryptocurrencies are down Monday, prompting a flurry of activity in the options markets as traders reposition themselves amid increased volatility. Bitcoin (BTC) trading around $44,211 as of 21:00 UTC (4 p.m. ET). Losing 2.8% over the previous 24 hours. Bitcoin’s 24-hour range: $42,269-$46,462 (CoinDesk 20) Ether (ETH) trading around $3,376 as of 21:00 UTC (4 p.m. ET). In the red 1% over the previous 24 hours. Ether’s 24-hour range: $3,142-$3,587 (CoinDesk 20) Bitcoin dumps, rest of… Source link

Before Dogecoin (DOGE-USD) there was GameStop (GME). And before GameStop, there was Hertz (HTZ), the original meme stock whose bankruptcy last May and resulting zombie price surge (and fall and resurge) defined the original meme stock. Now, it’s back and better than ever. If you kept your cheap $1.50 Hertz shares from last summer that were expected to be worth zero dollars in a bankruptcy restructuring, you’ll have quadrupled your money. A new deal for the company’s assets would pay… Source link

BGR You should be totally freaked out by the DarkSide attack on Colonial Pipeline We’ve seen this movie before. After warnings go unheeded, a predictable, completely avoidable disaster strikes the US — in the process, revealing a soft, exposed underbelly of risk. And the people who get paid to stop this kind of thing from happening never seem to learn, most of the time, until it’s too late — or nearly. This time, it was the ransomware attack on the Colonial Pipeline which took the US to… Source link

Q1 2021 results in-line with expectations. Cash balance of $985 million. Increasing full-year operating expense guidance range by $30 million to include PEAR program costs (explicitly excluded from prior guidance). Capital expenditure guidance unchanged. Majority of Fisker Ocean Bill of Material (BOM) now sourced, improving cost visibility across the entire model range at targets previously communicated. Foxconn binding agreement completed and initial production in U.S. confirmed. Design of… Source link

Coinbase Global, Inc. (“Coinbase”) (Nasdaq: COIN) today announced its intention to offer, subject to market conditions and other factors, $1.25 billion aggregate principal amount of Convertible Senior Notes due 2026 (the “notes”) in a private offering (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended (the “Securities Act”). Coinbase also expects to grant the initial purchasers of… Source link

As COVID-19 cases continue to fall and an increasingly vaccinated America emerges from the worst of the pandemic, the biggest political challenge facing President Biden may no longer be the virus itself. Instead, a new Yahoo News/YouGov poll suggests that the more the U.S. recovers, the more Americans may start to question whether the administration’s multitrillion-dollar policy agenda is helping or hurting the economy. The survey of 1,561 U.S. adults, which was conducted from May 11 to 13,… Source link

The New York Times A Desperate India Falls Prey to COVID Scammers NEW DELHI — Within the world’s worst coronavirus outbreak, few treasures are more coveted than an empty oxygen canister. India’s hospitals desperately need the metal cylinders to store and transport the lifesaving gas as patients across the country gasp for breath. So a local charity reacted with outrage when one supplier more than doubled the price, to nearly $200 each. The charity called the police, who discovered what… Source link

Bloomberg AT&T Merges Media Assets With Discovery in $130 Billion Deal (Bloomberg) — AT&T Inc. agreed to spin off its media operations in a deal with Discovery Inc. that will create a new entertainment company, merging assets ranging from CNN and HBO to HGTV and the Food Network.The transaction values the combined entity at about $130 billion including debt, based on WarnerMedia’s estimated enterprise value of more than $90 billion.AT&T will receive $43 billion in cash, debt securities and… Source link