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(Bloomberg) — Block Inc., the digital-payments firm run by Jack Dorsey, surged as much as 30% in late trading after it reported fourth-quarter revenue that topped projections and gave an unexpectedly positive outlook for 2022. Most Read from Bloomberg Fourth-quarter revenue was $4.08 billion, slightly topping the $4.01 billion average estimated by analysts. Block, formerly known as Square, also said its Cash App’s gross profit will be stronger in the second half of the year because of… Source link

The good news for Josh Taylor is that he’ll walk to the ring on Saturday in Glasgow, Scotland, to a hero’s welcome as he prepares to defend his undisputed super lightweight title against mandatory challenger Jack Catterall. The bad news is, there’s going to be plenty of these mandatories popping up in short order, and it’s going to take a heroic effort in order to keep the belts. Normally, the mandatory challengers aren’t the fights fans are itching to see. And with no offense meant… Source link

Last November, the tech giant Yandex unveiled Chervonenkis, Russia’s most powerful supercomputer and the 19th most powerful commercial computer on the planet. Chervonenkis, which Yandex uses to train artificial intelligence algorithms for applications like web search and translation, was built by linking together more than 1,500 chips from the US company Nvidia. Earlier this week, Russia’s Ministry of Internal Affairs said that it was having trouble sourcing the homegrown chips it’s… Source link

The NBA is similar to horse racing in that jumping out of the gates to an early lead doesn’t guarantee victory, but it certainly helps. BetMGM offers a wager for every NBA game called “Race To,” where you can bet on which team will be the first to score five points, 10 points, 15 points and so on. I love these types of wagers, so I spent the All-Star break diving into which teams are consistently hitting 10, 20 and 30 points first in their games, and which teams are smart fades (one of which… Source link

Russia invaded Ukraine and began a war on Thursday, the biggest nightmare for boxer Viktor Postol. The super lightweight contender is slated to fight Gary Antuanne Russell Saturday (10 p.m. ET, Showtime) at The Cosmopolitan in Las Vegas. Postol is from Ukraine and left his wife, Olga, and twin sons Timothey and Lukyam, at their home in Brovary, near Kyiv. He had told Yahoo Sports earlier in the week that he’d been trying to avoid the news so he could focus on his fight, while also hoping… Source link

As Russia launches a war against Ukraine, the Nasdaq Composite (^IXIC) — down more than 3% at Thursday’s open — mounted a furious comeback, with megacap stocks Microsoft (MSFT) and Alphabet (GOOGL, GOOG) doing much of the heavy lifting. However, the eight largest U.S. publicly traded companies have hemorrhaged over $2 trillion in market capitalization since their combined value peaked in mid-November. According to one Wall Street strategist, the geopolitical maelstrom may give… Source link

Oil backed off its session highs after President Biden indicated petroleum reserves could be tapped as needed and sanctions from Western countries avoided targeting Russian supplies . Sanctions from world leaders were closely monitored by analysts after Russia invaded Ukraine, sending oil surging on Thursday morning. “Oil and gas supplies from Russia as of now have not been affected at all,” Vanda Hari, founder of Vanda Insights, told Yahoo Finance Live this morning. “Will Russian oil and gas… Source link

Where smoke surrounds LeBron James, there is always fire, and the Los Angeles Lakers are burning. Whenever James has been dissatisfied in his career, whether he tells us directly or lets anonymous sources do the informing, whispers become louder right before a momentous change reverberates around the NBA. We have seen James spin this cycle through Cleveland, Miami, back to Cleveland and now in Los Angeles. It should come as no surprise, then, that James has made headlines during the NBA’s… Source link

America’s fast-food giants have a lot on the line amid the escalating situation between Russia, Ukraine and the rest of the world. That’s in large part because Western fast-food players have expanded significantly into Russia with their cheap burgers and fried chicken over the past 20 years. By Yahoo Finance’s calculations, McDonald’s, Papa John’s, KFC, Pizza Hut, Burger King and Starbucks operate about 2,700 restaurants in Russia. The two largest players are McDonald’s and Yum! Brands’ KFC… Source link

Cryptocurrencies have come a long way from the early days of bitcoin (BTC-USD) adoption. And as more cryptocurrencies have developed, the future of the space will be one that continues to grow as a multi-player arena, according to Ava Labs President John Wu. “I think this is the third generation of crypto already. The first generation was bitcoin, the second generation was ethereum, and the third generation has been this new group of, call it ‘layer ones’ and other crypto companies that have… Source link