Yahoo News

Yahoo and AOL, two seminal but damaged internet brands, are under new, private equity ownership. Yahoo’s decades-long decline is a case study in wasted opportunities, hubris and lack of clarity. The next chapter for Yahoo may not be glamorous but it won’t be fruitless either — at least for its new owner. See more stories on Insider’s business page. … Source link

Bloomberg Asia Is Exception as Emerging Markets Start to Look Fragile (Bloomberg) — EXAMPLEDiscover what’s driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily. Sign up here.In the pandemic’s second year, some familiar worries — about inflation, capital flight or public debt — are starting to surface across the developing world. Except in one corner.In Asia, policy makers aren’t too preoccupied with these classic… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, May 7, 2021 Earnings guidance is lacking right now. There are good reasons why.  Corporate earnings and the process that goes into forecasting these results is one of our favorite topics here at The Morning Brief.  We’ve recently explored why results are topping estimates at a record clip, why strategists keep raising their forecasts, and… Source link

Verizon confirmed earlier this week that its Verizon Media division would be sold to Apollo Global Management, only four years after it was founded. The subsidiary includes brands like AOL and Yahoo with all its various offerings. Verizon will retain a 10% stake in the company, but at the cost of $5 billion for the transaction, it’s a fraction of the original purchase price. Verizon acquired AOL in 2015 for $4.4 billion and a year later made a $4.48 billion offer for Yahoo’s core… Source link

Yahoo Sports will keep you updated nightly on the NBA playoff race during the last two weeks of the regular season. Check back daily for the latest movement in the standings, what to watch for and teams securing their 2020-21 playoff berths. Thursday’s standings Eastern Conference 1. Philadelphia 76ers (45-21) 2. Brooklyn Nets (43-24, 2.5 GB) 3. Milwaukee Bucks (42-24, 3 GB) 4. New York Knicks (37-29, 8 GB) 5. Atlanta Hawks (37-31, 9 GB) 6. Boston Celtics (35-31, 10 GB) Play-in tournament 7. Miami… Source link

SoftBank has picked its bet in China’s flourishing industrial robotics space. Youibot, a four-year-old startup that makes autonomous mobile robots for a range of scenarios, said it has notched close to 100 million yuan ($15.47 million) in its latest funding round led by SoftBank Ventures Asia, the Seoul-based early-stage arm of the global investment behemoth. In December, SoftBank Ventures Asia led the financing round for another Chinese robotics startup called KeenOn, which focuses on… Source link

The Telegraph Disney’s problematic princess: why Snow White is forever being cancelled It’s a tale as old as Twitter. Disneyland’s new Snow White ride, which reopened this month after a year of Covid shutdown, faces criticism for its “non-consensual kiss” between Snow White and Prince Charming. Snow White’s Enchanted Wish is a reimagining of Snow White’s Scary Adventures, one of the park’s inaugural rides when it opened in 1955. And it retains many elements of the original:… Source link

Stock futures hugged the flat line Thursday evening as investors awaited a key report on the state of the U.S. economic and labor market recovery out Friday morning. Contracts on the Dow opened slightly lower to pull back after the index hit yet another all-time high during the regular session. The Nasdaq also ended the session higher to end a four-day losing streak. The S&P 500 rose but drifted just below an all-time high. Shares of payments company Square (SQ) jumped more than 2% in late… Source link

The Week House GOP leader Kevin McCarthy apparently pays $1,500 to live in a 12-bedroom, 16-bath penthouse Tucker Carlson was right: House Minority Leader Kevin McCarthy (R-Calif.) is living in the Washington, D.C., penthouse of Republican pollster and messaging maven Frank Luntz, and it does sound like a pretty sweet deal. Carlson was tipped off to the roommate arrangement, and McCarthy confirmed it Tuesday, telling Fox & Friends he has “rented a room from Frank for a couple of months, but… Source link

Square (SQ) reported first-quarter earnings that blew past estimates after market close on Thursday, with the payments company’s results boosted by ongoing growth in Cash App and its cryptocurrency offerings. Shares rose more than 1% in late trading.  Here were the main metrics in Square’s report compared to consensus estimates compiled by Bloomberg: As a financial technology company, Square’s growth ballooned over the course of 2020, with consumers increasingly conducting transactions online… Source link