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(Bloomberg) — The outsized gain that turned Cathie Wood into one of the world’s most famous proponents of active fund management is quickly evaporating as some of her favorite stock picks tumble. Most Read from Bloomberg After years of trouncing the market and just days after Wood issued a broadside against passive investing, her flagship ARK Innovation ETF now looks set to give up all the outperformance it once enjoyed against the S&P 500 Index. Wood’s strategy of picking stocks involved… Source link

Al Horford turned back the clock and tied the Eastern Conference semifinals. The soon-to-be 36-year-old scored 16 of his playoff career-high 30 points in the fourth quarter to negate a monster night from two-time NBA MVP Giannis Antetokounmpo and beat the Milwaukee Bucks, 116-108. The series is tied 2-2 heading back to Boston for Game 5 on Wednesday at 7 p.m. ET (TNT). Horford made all six of his field-goal attempts in the final frame, and Boston followed its veteran leader. Trailing 76-65 with… Source link

The Mississippi Department of Human Services has named Hall of Fame quarterback Brett Favre in a lawsuit seeking to recoup roughly $24 million in misspent welfare funds intended to combat poverty in one of the nation’s poorest states. The lawsuit filed on Monday seeks $3.2 million combined from Favre and Favre Enterprises, Inc. Favre is one of 38 defendants in the lawsuit that also names former pro wrestlers Brett and Ted DiBiase and their father Ted DiBiase Sr. aka “The Million Dollar… Source link

The parent company of dating apps Tinder, Match and OkCupid is suing Google, alleging that the company exerts too much control over payments through its Google Play app marketplace. The lawsuit, filed Monday in California’s Northern District, accuses the company of deploying “anticompetitive tactics” to maintain a monopoly on the Android mobile ecosystem: Ten years ago, Match Group was Google’s partner. We are now its hostage. Google lured app developers to its platform with… Source link

Match Group, the company behind popular dating apps such as Tinder, Match, and OkCupid, is suing Google over its restrictive billing policies on the Play Store. In its complaint, Match Group claims Google “illegally monopolized the market for distributing apps” on Android by forcing apps to use Google’s own billing system and then taking a cut of the payments. Match Group’s complaint plays off an earlier lawsuit Epic Games filed against Apple in 2020, alleging that Apple engaged… Source link

If you’ve looked at the MLB standings recently, the line most likely to cause a double take belongs to the Cincinnati Reds. Specifically, the win column, which stood at a shockingly meager 5 on Monday morning. And that was after a weekend series triumph that brought them up almost exponentially from 3 and finally eased the ignominy of having fewer 2022 wins than the local football team that hadn’t played since February. So they stand at 5-23. Five wins in 28 games. It looks like a typo. As… Source link

(Bloomberg) — There’s a crypto refrain when prices crash precipitously like this: The selloff is washing out the short term-focused non-believers, known as weak hands, strengthening the industry in its wake. Most Read from Bloomberg It’s a glib way to think of all those who had joined the market as Bitcoin’s price rose to an all-time high at the end of last year — including institutions and small-time at-home investors, many of whom are deeply underwater on their investments now. A… Source link

College sports’ current issues with the transfer portal stem from an old adage: pigs get fat, hogs get slaughtered. If you listen to some coaches and administrators right now, they are being slaughtered by players who can transfer a single time without having to sit out a season and, in turn, the boosters and coaches at opposing schools enticing them to move with promises of money and playing time. Whether this proves to be a real problem — or just a lot of howling in the face of change —… Source link

Tom Brady is arguably the biggest draw in the NFL. So when he retired then unretired this offseason, he wreaked havoc for the league — and its schedule-makers. A Tampa Bay Buccaneers team with, say, Blaine Gabbert at quarterback isn’t much of a TV draw. But a Bucs team again featuring Brady under center — now we’re talking primetime. The folks who spend an inordinate amount of time, effort and processing power making a football schedule spoke with the Los Angeles Times about the process… Source link

Netflix (NFLX) investors are still reeling after the tech-heavy Nasdaq Composite Index (^IXIC) posted its worst month since 2008. The stock — once a big winner from the pandemic — is down roughly 75% from its November peak, and its once $300 billion market cap now sits south of $80 billion. The streaming giant’s subscriber drop in April spurred speculation on Wall Street about its next big move, which could involve a lower-priced ad-supported option or even a clamp-down on password… Source link