Yahoo News

NEW YORK, Feb. 01, 2021 (GLOBE NEWSWIRE) — Yahoo, part of Verizon Media, today launched its “Make Space for Black Voices” campaign to honor Black History Month. The programming includes a celebratory Yahoo logo in partnership with creative artist Janel Young, as well as new video series and on-air interviews celebrating Black changemakers, and a special livestream event featuring different industry leaders. Through an emphasis on e-commerce, the campaign will also spotlight… Source link

Tesla’s (TSLA) CEO Elon Musk spontaneously interviewed Robinhood CEO Vlad Tenev for 14 minutes late Sunday evening, injecting himself into the fray of the retail investing frenzy that’s sent markets into a tailspin, and put the trading app on the defensive. The billionaire jumped on the invite-only voice chat app Clubhouse to answer questions ranging from colonizing Mars to Bitcoin (BTC-USD) late Sunday night. Yet toward the end, Musk ended up grilling Tenev on behalf of outraged individual… Source link

Stocks rose, recovering some losses after last week’s selloff. The S&P 500 gained nearly 1%, after closing out last week with a 3.3% weekly loss for its worst since October. The information technology and consumer discretionary sectors led advances, while energy and consumer staples lagged. The Nasdaq outperformed as tech shares jumped, and the Dow also rose slightly. Other asset classes performed even more strongly, fueled by a crowd of retail investors piling en masse into names… Source link

New York Times columnist Charles Blow has outlined a new proposition to increase Black political power: a mass migration of Blacks in America to the South to create Black-majority states and cities. Blow calls for a “Second Great Migration,” a reversal of the Great Migration that saw millions of Black Americans flee oppression and a lack of economic opportunity in the South for cities in the North, Midwest, and the West. “I understand why people migrated during the Great Migration,”… Source link

(Bloomberg) — Apple Inc. is selling bonds to take advantage of cheap borrowing costs, tapping the market for a third time since May as it looks to return more cash to shareholders. The company is issuing debt in six parts, according to a person with knowledge of the matter. The longest portion of the offering, a 40-year security, may yield between 115 and 120 basis points above Treasuries, said the person, who asked not to be identified as the details are private. Until 2020, Apple hadn’t… Source link

Even if you aren’t a fan of the Tampa Bay Buccaneers or the Kansas City Chiefs, you can get into the Super Bowl fun, starting Tuesday in “Fortnite.” In advance of the big game Sunday, gamers can check into a Verizon 5G Stadium within the popular video game “Fortnite” starting Monday and play four football-inspired games and find some other hidden perks. Then on Tuesday and Friday, NFL players including Tua Tagovailoa and Kyler Murray will join pro gamers Myth and KittyPlays on a livestream… Source link

The Guardian Claim of anti-conservative bias by social media firms is baseless, report finds New York University study: algorithms amplify rightwing voicesTwitter, Facebook and YouTube banned Trump for incitement Senator Ted Cruz questions Mark Zuckerberg and Jack Dorsey, CEOs of Facebook and Twitter respectively, on the US Senate judiciary committee in November 2020. Photograph: Rex/Shutterstock Republicans including Donald Trump have raged against Twitter and Facebook in recent months,… Source link

(Bloomberg) — The name is a byword for power on Wall Street. But suddenly, there it was, in the White House Briefing Room, too: “Citadel.”Given the wild stock-market spectacle involving GameStop Corp., the question last week for the new press secretary was this: would Janet Yellen, now Treasury secretary, recuse herself from the matter given the hundreds of thousands of dollars she’d collected in speaking fees from Citadel?For people outside financial circles, the answer — Yellen is… Source link

Monday, February 1, 2021 Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe The GameStop saga is somewhere between a low and high risk event The massive surge in GameStop (GME) shares, the role of the r/wallstreetbets community, and everything else connected to the ongoing ordeal has attracted attention from Wall Street to Main Street and everyone in between. Regulators and even celebrities are chiming in. The story is dominating headlines as it… Source link

Price of silver rose by more than10% on Monday. Photo: Leonhard Foeger/Reuters The price of silver (SI=F) rocketed more than 10% to its highest since February 2013 on Monday, briefly trading over the $30 (£ ) per ounce mark, as retail investors piled in on the commodity. It became the latest target after a retail frenzy last week saw the likes of heavily-shorted GameStop (GME) and AMC Entertainment (AMC) surge in revolt to large institutional investors. Recently amateur traders have been… Source link