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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 Friday, June 4, 2021 Is the labor market loose or tight? Friday’s jobs report is a big one.  After April’s disappointing hiring data and some hotter-than-expected inflation data, price pressures and labor competition are the dominant economic stories as we enter an expected summer boom.  And the biggest question investors and economists hope to… Source link

– Courtesy of Google Europe Yesterday, Google for Startups announced the 30 tech businesses receiving grants from its $2million (approximately £1.5million) Black Founders Fund for Black-led tech startups across Europe. With less than 0.25% of venture capital (VC) funding going to Black-led startups in the U.K., and only 38 Black founders receiving venture capital funding in the last 10 years, Google for Startups is helping to level the playing field by helping Black founders… Source link

The Republican Party finds itself in befuddling circumstances as former President Donald Trump prepares to hold political rallies again, beginning this weekend with an appearance in North Carolina. Trump was one of the only Republican candidates to lose a high-profile competitive race in 2020. GOP candidates won the majority of close races across the country, in the U.S. Senate, in the U.S. House and in state legislatures and gubernatorial races. Yet the party remains stuck with Trump as its… Source link

AMC’s stock close to doubled on Wednesday amid a flurry of interest in the stock from day traders and other amateur investors. Photo: Mandel Ngan/AFP via Getty Images The recent revival of investor interest in so-called “meme stocks” like US cinema chain AMC (AMC) and retro smartphone maker BlackBerry (BB) may already be over, according to analysis of retail trading flows. Vanda Research said on Friday that its proprietary tools tracking retail investor flows in the US and UK suggested… Source link

The Google logo is seen on on the company’s European headquarters in Dublin, Ireland, February 27, 2021. REUTERS/Clodagh Kilcoyne/File Photo Germany’s competition authority launched a probe against Alphabet Inc’s (GOOGL.O) Google news showcase, a platform which makes news available on the tech giant’s news website, it said on Friday. Cooperation with Google could be attractive for publishers and other news providers and offer consumers better information services, it said. “However, it… Source link

Bloomberg Rent the Runway Interviews Banks for U.S. IPO This Year (Bloomberg) — Rent the Runway Inc. is interviewing banks in preparation for an initial public offering that could come as early as this year, according to people familiar with the matter.Discussions are at an early stage and the company could still decide not to pursue an offering, the people said, asking not to be identified because the matter is private.Rent the Runway, based in New York, raised funds last year at a valuation… Source link

Los Angeles Lakers team doctors cleared Anthony Davis to return for their critical Game 6 matchup with the Phoenix Suns on Thursday night. That decision, however, seems to have been premature. Davis lasted less than six minutes at the Staples Center on Thursday before he had to leave the game. The Lakers listed him as questionable to return initially, and then said at halftime that he was done for the night. Davis, according to Yahoo Sports’ Chris Haynes, didn’t actually injure his groin any… Source link

Pic: KupiVIP Russian internet-giant Yandex has announced that it is acquiring the online fashion retailer KupiVIP for integrating it in Yandex.Market, a platform for displaying products by retail and online stores. The acquisition is expected to help Yandex accelerate its entry into the apparel and footwear market. The deal will be completed in Q3 2021. The acquisition is subject to regulatory approvals and the terms have not been disclosed. This year, Yandex plans to spend… Source link

Welcome to the Yahoo Sports NBA playoff tracker, your daily one-stop shop for all the latest game results from each NBA playoff series. Here’s a look at Thursday’s games. The Phoenix Suns picked up right where they left off on Thursday night. The Suns, after dominating in Game 5 on Tuesday, cruised to a 113-100 win over the defending champions Los Angeles Lakers on Thursday to close out their opening-round playoff series 4-2 at the Staples Center. The Suns jumped out early once again, and… Source link

The latest decentralized finance (DeFi) protocol to get big backing from venture capitalists is Impossible Finance for a multi-chain incubator project. In an announcement on June 3, the DeFi protocol declared that it had secured $7 million from over 125 institutional and angel investors. The round was co-led by True Ventures, CMS Holdings, Alameda Research, and Hashed. The list of additional investors was extensive and included Sino Global Capital, IOSG, Divergence, GBV, Lemniscap, Primitive,… Source link