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(Editor’s note: Attention to strong language in paragraph 4 that could offend some readers) By Helen Coster Oct 25 (Reuters) – Comedian Dave Chappelle on Monday addressed the transgender controversy at Netflix https://www.reuters.com/business/media-telecom/netflix-workers-stage-walk-out-over-chappelle-transgender-comments-2021-10-20 in full for the first time on a video on his Instagram account, five days after about 100 people protested near the streaming company’s headquarters. The employee… Source link

Stock futures opened slightly higher Monday evening, steadying near record levels as investors awaited another hefty set of earnings and economic data.  The S&P 500 and Dow had each reached all-time highs during Monday’s session, with equity investors proving resilient even in the face of ongoing supply chain challenges and elevated inflationary pressures.  The Nasdaq Composite jumped by 0.9%, coming within 1% of its own record closing high as shares of Tesla (TSLA) rallied for a fourth… Source link

The current labor shortage has benefitted companies that treated their employees well, CEO of EY Carmine Di Sibio said on Yahoo Finance’s All Markets Summit Monday. “We talk to our clients about this all the time. We’ve actually hired 115,000 people in the last year, but we’ve also lost people,” Di Sibio says about the labor shortage. “The culture of the organization … is incredibly important … Companies that took care of their people, I think they’re being rewarded for it… Source link

Intel CEO Pat Gelsinger says the ball is in the chip giant’s court to win back lost business from the Mac making Apple.  “My job is to win them [Apple] back and to deliver products that are better than they can do themselves. We also want to win them over to more of our foundry offerings over time. And that just makes sense, right? Everybody wants to have multiple suppliers. And if we have the best process technology in the industry, of course, they’ll come our way,” Gelsinger said at Yahoo… Source link

Shares of Digital World Acquisition Corp (DWAC), the special purpose acquisition which plans to take former President Donald Trump’s social media venture public slid 10% on Monday afternoon after short-seller Iceberg Research announced it was betting against the stock. “We are short $DWAC,” wrote Iceberg Research in a tweet.  DWAC shares had jumped more than 800% over the span of two sessions last week after Digital World Acquisition announced it was taking Trump Media and Technology Group… Source link

The crypto founder going on the offensive in the industry’s latest battle with the Securities and Exchange Commission (SEC) called out a lack of understanding as a big problem among regulators. Terraform Labs co-founder and CEO Do Kwon, who sued the SEC Friday to quash a recent subpoena, explained to Yahoo Finance at Monday’s All Markets Summit that regulators are still learning that some of the code and protocols launched in the sector are no longer controlled by centralized entities, but… Source link

Key Takeaways Analysts estimate EPS of $23.12 vs. $16.40 in Q3 FY 2020. Google Cloud revenue is expected to rise YOY. Revenue is expected to increase, but at a decelerating pace compared to last quarter’s exceptionally rapid growth. Google parent Alphabet Inc. (GOOGL) has enjoyed exceptionally rapid profit and revenue growth in recent quarters. But amid those gains, the company is facing major antitrust lawsuits that threaten to slow the company’s pace of growth. In the U.S. alone,… Source link

A global energy crunch, fueled by tightening coal and gas supply, has already roiled the market and threatened to squeeze customers this winter, as utility bills rise. That may just be the beginning, according to Duke Energy (DUK) CEO Lynn Good, who heads one of the country’s largest energy holding companies. In an interview at Yahoo Finance’s All Markets Summit, Good said she expects the supply and demand imbalance in the energy markets to continue well into 2022, with full rebalancing… Source link

Facebook will report its third quarter earnings after the bell on Monday, as the company grapples with a new avalanche of stories resulting from a whistleblower’s account of how it targets users, and the ripple effect of Apple changing its user data policies. Here’s what analysts are expecting from the company’s Q3 report, as compiled by Bloomberg: Revenue: $29.45 billion expected versus $21.47 billion in Q3 2020 Earnings per share: $3.17 expected versus $2.71 in Q3 2020 Family daily… Source link

The hot demand for investment securities linked to bitcoin does not appear to be moving the U.S. Securities and Exchange Commission’s stance toward other products more directly linked to the cryptocurrency. SEC Chair Gary Gensler said he still has concerns about investor protection in the $2.5 trillion market for crypto assets. “Investors aren’t protected the way they are, whether they go into the stock or bonds markets that we’ve overseen so long,” said Gensler at Yahoo Finance’s… Source link