Elon Musk, the tech mogul and Twitter CEO, and Matt Taibbi, an independent journalist, recently released a trove of internal emails from Twitter. The documents revealed the company’s efforts to suppress news on their platform and spurred a fierce polemic about the effects of big tech and social media on American society. Frank McCourt, the former owner of the Los Angeles Dodgers, has recently been tackling these challenges. Last year, he founded Project Liberty, a company that promotes… Source link
Read More »Cathie Wood’s ETFs lost investors more than $1 billion before this year’s wipeout
Bold bets on high-flying technology stocks from Cathie Wood’s ARK Invest have destroyed an estimated $1.3 billion in shareholder wealth over the past decade, a Morningstar analysis published this week found. And these losses don’t take into account the sharp declines seen across ARK’s suite of investment offerings so far this year. According to Morningstar, the bulk of these losses came primarily from two of ARK’s actively managed vehicles last year: the ARK Genomic Revolution ETF (ARKG) and… Source link
Read More »NBA DFS Picks: Yahoo Plays and Strategy for Dec. 8
Bam Adebayo and the Miami Heat square off with the LA Clippers Thursday night. The NBA brings a limited slate consisting of just three games Thursday. The night will tip off with the Heat playing the Clippers, who will be on the second leg of a back-to-back set. Two bad teams from Texas will then face off when the Spurs host the Rockets. Finally, the night will conclude with Damian Lillard and the Trail Blazers hosting Nikola Jokic and the Nuggets. Let’s break down some players to… Source link
Read More »Biden unveils $36B for one of America’s largest and most troubled pension funds
The White House is sending $36 billion to buttress the Central States Pension Fund, one of the biggest and most troubled funds that manages the pensions of over 350,000 union workers and retirees. The pending announcement on Tuesday comes about 21 months after President Biden promised $86 billion to troubled multi-employer pension funds via a controversial provision tucked inside the American Rescue Plan. The check from Washington is a note of finality in the decades-long push to shore up… Source link
Read More »Stocks rise after five days of losses for S&P 500
U.S. stocks rose Thursday morning as investors attempted to stymie this week’s losing streak across equity markets from stretching into another day as rate jitters and recession chatter hamper a seasonally bullish period for Wall Street. The S&P 500 (^GSPC) climbed 0.4% while the Dow Jones Industrial Average (^DJI) bounced 130 points, or also about 0.4%. The technology-focused Nasdaq Composite (^IXIC) advanced by the same margin. Renewed concerns over a sustained span of higher interest rates… Source link
Read More »Lineup picks and strategy for Sunday Dual Baller contests
The Week 14 NFL main daily fantasy slate begins Sunday at 1:00 p.m. EST and features 10 games. The Falcons, Bears, Packers, Colts, Saints and Commanders are all on bye, while the Thursday Night Football (Raiders-Rams), Sunday Night Football (Dolphins-Chargers) and Monday Night Football (Patriots-Cardinals) participants are also excluded from Sunday’s main slate. Yahoo will be running plenty of NFL DFS contests for Week 14, including a Dual Baller Special. One Dual Baller contest has a $12… Source link
Read More »Brittney Griner released from Russian prison
WNBA star Brittney Griner has been released from a Russian prison, President Joe Biden confirmed Thursday. In exchange for her release, the U.S. government will reportedly send convicted international arms dealer Viktor Bout back to Russia, according to CBS News. Bout, nicknamed the “Merchant of Death,” was sentenced to 25 years in prison after being convicted of, among other things, conspiracy to kill Americans. Retired U.S. Marine Paul Whelan, who is also currently imprisoned in Russia… Source link
Read More »The GameStop turnaround promise is failing
GameStop Chairman Ryan Cohen and CEO Matt Furlong promised to turn the gaming retailer into one of operational excellence and amazing store experiences while cashing in on new opportunities like crypto and NFTs. More than a year into their collective and rather secretive leadership, the entire experiment is beginning to look like an utter failure — underscoring longtime Wall Street concerns about the company’s business model such as too many costly physical stores in dying malls and shifts… Source link
Read More »Why stock bulls are sitting on their hands again
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 Thursday, December 8, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. Read this and more market news on the go with Yahoo Finance App. What a difference a week makes. Last Wednesday’s Powell-fueled risk rally that landed the S&P 500 on top of its 200-day moving average… Source link
Read More »DeSantis surges to 5-point lead over weakened Trump in 2024 primary matchup
Former President Donald Trump; Florida Gov. Ron DeSantis. (Photo illustration: Kelli R. Grant/Yahoo News; photos: Michael Conroy/AP, Julia Nikhinson/AP) A new Yahoo News/YouGov poll finds that Florida Gov. Ron DeSantis now leads former President Donald Trump by 5 percentage points in the race for the 2024 GOP presidential nomination. Trump previously led DeSantis by double-digit margins among registered voters who describe themselves as Republicans or Republican-leaning independents. Meanwhile,… Source link
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