Yahoo News

Amazon (AMZN) shares reached a record intraday high after reporting first-quarter results and guidance that blew past expectations.  Shares of the e-commerce giant jumped as much as 2.4% to reach as high as 3,553.39 Friday morning in New York. The stock lost steam in afternoon trading, however, and ultimately ended lower by 0.1% to 3,467.42, or short of a record closing high.  The surge came after the company posted yet another quarter of ballooning sales and earnings, easily exceeding… Source link

Bloomberg Coinbase Backer Parlays ‘Fantasy’ Bet Into $4.6 Billion (Bloomberg) — Before his bet on cryptocurrency exchange Coinbase Global Inc. became a multi-billion-dollar exit, Union Square Ventures co-founder Fred Wilson compared Bitcoin to science fiction.“We may be completely wrong, it may be a fantasy,” he said at a marketing conference in May 2013. That was shortly after he had invested $2.5 million in Coinbase, the U.S.’s biggest cryptocurrency exchange, where people can… Source link

The Daily Beast Bombshell Letter: Gaetz Paid for Sex With Minor, Wingman Says Photo Illustration by The Daily Beast / Photos via GettyA confession letter written by Joel Greenberg in the final months of the Trump presidency claims that he and close associate Rep. Matt Gaetz paid for sex with multiple women—as well as a girl who was 17 at the time.“On more than one occasion, this individual was involved in sexual activities with several of the other girls, the congressman from Florida’s… Source link

Americans believe that President Biden faced bigger challenges than his predecessor Donald Trump during his first 100 days in office — and performed better than Trump despite those difficulties, according to a new Yahoo News/YouGov poll. The survey of 1,558 U.S. adults, which was conducted from April 27 to April 29, found that less than a third say Trump’s challenges were bigger than Biden’s (31 percent) or that Trump performed better (32 percent) during the first 100 days of his… Source link

Law360 (April 30, 2021, 2:38 PM EDT) — A Tiananmen Square protestor and Chinese political activist will have to try again on his claims that Yahoo Inc. helped the Chinese government track down and imprison him, after a California federal court found he failed to specify when the tech giant’s alleged misconduct occurred. In an order filed Thursday, U.S. District Judge Lucy H. Koh dismissed with leave to amend the complaint brought by Ning XIanhua against Yahoo’s successor… Source link

Welcome to Round 20 of the NBA Yahoo Cup! This free, multi-round, single-entry contest runs every Friday for the rest of the NBA DFS season. Scoring is cumulative for the year-long points race, with your five lowest scores dropped. At the end of the season, a $50,000 prize pool is shared amongst the top 7,950 competitors, with a whopping $10,000 going to first. But even if this your first time playing in the competition, the top 15 finishers in tonight’s freeroll contest earn entry to the… Source link

US operator Verizon opened talks with private equity company Apollo Global Management regarding the possible sale of its media assets, The Wall Street Journal (WSJ) reported. The operator is reportedly discussing the sale of Yahoo and AOL for $4 billion to $5 billion. It acquired AOL for $4.4 billion in 2015 and spent $4.8… Source link

No one has repped the Portland Trail Blazers like Damian Lillard. From the impressive collection of corporate partners, to the national TV spots, to repping the Trail Blazers like no other, to the arduous task of trying to recruit high-level talent to the Pacific Northwest and to displaying an unprecedented loyalty to a franchise that is failing to reciprocate that same level of commitment. Lillard is giving his all to be available and to keep faint championship aspirations alive in Portland,… Source link

A new bipartisan bill proposed by Senators Maggie Hassan (D-NH) and Marco Rubio (R-FL) hopes to ease military service members’ path towards student loan forgiveness, Yahoo Finance has learned. “Service members take enormous risks to protect our freedoms, and it is unacceptable that members of the military can return home after active duty and not be any closer to receiving loan forgiveness,” Senator Hassan said in a statement provided to Yahoo Finance. “This bipartisan bill is a… Source link

Bloomberg China Reins In Tech Giants’ Finance Arms After Hobbling Ant (Bloomberg) — Chinese regulators imposed wide-ranging restrictions on the fast-growing financial divisions of 13 companies including Tencent Holdings Ltd. and ByteDance Ltd., leveling many of the same curbs employed against Jack Ma’s Ant Group Co. in a crackdown on the tech sector.Units of JD.com Inc., Meituan and Didi Chuxing were also among firms summoned to a meeting with several watchdogs including the central bank,… Source link