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Hindenburg Research, an investment research firm with a focus in activist short-selling which also publishes reports on alleged fraud by other companies, has chosen DraftKings (DKNG) as its next target. Shares were down around 7% after Hindenburg announced that it would be taking a short position on the American sports betting operator. “This report is written by someone who is short on DraftKings stock with an incentive to drive down the share price,” a statement Yahoo Finance received… Source link

The Federal Reserve had hoped for a string of strong jobs reports showing a pace of 1 million monthly job gains. Instead, the Fed received larger-than-expected readings on inflation. For a central bank that has reiterated its higher bar for pulling its monetary stimulus, recent data points could test the resolve of policymakers with regard to its quantitative easing program. Since the Fed’s last policy-setting meeting in May, several Fed officials voiced interest in taking the first step… Source link

Online platforms underpinning the dominance of Apple and Google will come under scrutiny in the U.K. from a regulator with a record of securing changes from Big Tech. The Competition and Markets Authority, or CMA, announced on Tuesday that it had opened a study into the “effective duopoly” that Google GOOGL, -0.84% — owned by Alphabet — as well as Apple AAPL, -0.64% have over the major gateways to the internet. … Source link

Milo Golding of Kentucky created Finding Hope, the winning entry in the 2021 Doodle for Google contest. Milo Golding … Source link

The data is in, and it says stock buybacks are back in a big way as companies seek out ways to keep their stock prices at elevated levels.  First quarter stock repurchases clocked in at $178.1 billion among S&P 500 companies, up 36.5% from the fourth quarter of 2020, according to new data out Tuesday from S&P Global. Buybacks were up 100.9% from the second quarter 2020 pandemic low of $88.7 billion.  Stock buybacks have the effect of lowering the number of shares outstanding for companies…. Source link

Fantasy baseball managers are not created equal. We all have our tendencies, and we all have our faults. Figuring out the tendencies of specific managers in your league can sometimes lead to making great trades. Here are some managers to look for. The “Home Team” Manager If possible, find out who the other managers in your league cheer for. Some of them will not favor their hometown heroes. For example, I’ve found over the years that I tend to be more critical of Blue Jays (my hometown… Source link

Secretary of Homeland Security Alejandro Mayorkas is doubling down on Vice President Kamala Harris’s message last week to the people of Central America — “Do not come” — while casting it as a “humanitarian” plea. “Children and families don’t need to put their hands, their lives, their life savings in the grasp of smugglers and traffickers,” Mayorkas said during an interview with Yahoo News when asked about Harris’s comments, which drew criticism from progressives such as… Source link

Google highlighted several new Android features coming soon that have relevance to accessibility. Google Images Google on Tuesday published a blog post in which the company detailed six features coming to Android this summer that focus on safety. They include an earthquake alert system and richer Android Auto customization. The goal with these updates is to ensure users are “protected at every turn,” writes Android product manager Fiona Lee. Of the six features, two are… Source link

Google has announced seven new features for Android that it says will help improve accessibility and make Assistant Shortcuts more useful, among other things. The new features announced today are: Google announced that RCS chats sent through the Messages app will now be end-to-end encrypted. The feature was rolled out in beta last November, but it seems that Google is now releasing it for everyone who has access to RCS. When a message will be encrypted, the send button will have a lock… Source link

MacKenzie Scott, philanthropist and former wife of billionaire and Amazon (AMZN) CEO Jeff Bezos, announced on Tuesday that she donated another $2.74 billion to charity.  Scott has donated a total of $8.5 billion since July 2020. “Me, Dan [Jewett, Scott’s new husband], a constellation of researchers and administrators and advisors — we are all attempting to give away a fortune that was enabled by systems in need of change,” Scott wrote in a Medium post titled ‘Seeding by Ceding’…. Source link