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Bloomberg Credit Suisse Scandal Toll Goes Ever Higher as Rivals Thrive (Bloomberg) — In an era of prosperity for investment banks, Credit Suisse Group AG is careening from one crisis to another and then another — this time, with a $4.7 billion writedown tied to billionaire investor Bill Hwang’s trading blowout.The staggering hit — the largest yet linked to market-shaking losses run up by Hwang’s Archegos Capital Management — prompted sweeping management changes at the Swiss bank… Source link

The Guardian Justin Fields embodies the NFL’s future, so why is his draft stock slipping? The Ohio State quarterback is a perfect fit for the modern NFL offense but old stereotypes may be hurting his standing Justin Fields had two standout years as Ohio State’s starter. Photograph: Mark J Rebilas/USA Today Sports With the draft less than a month away Justin Fields, once viewed as the consensus second-best quarterback in the class, is now on the slide. The nonsense swirling around the Ohio… Source link

Verizon Media is broadening its ecommerce offerings with the launch of Yahoo Shops, a digital marketplace for consumers seeking a personalized and seamless online shopping experience. Expected to launch later in 2021, Yahoo Shops will manage the shopping journey entirely on its own from start to finish. “It will be the first digital media marketplace anywhere with its own capabilities. We don’t see anybody doing that,” said Andrea Wasserman, Verizon Media’s head of… Source link

Verizon Media is broadening its ecommerce offerings with the launch of Yahoo Shops, a digital marketplace for consumers seeking a personalized and seamless online shopping experience. Expected to launch later in 2021, Yahoo Shops will manage the shopping journey entirely on its own from start to finish. “It will be the first digital media marketplace anywhere with its own capabilities. We don’t see anybody doing that,” said Andrea Wasserman, Verizon Media’s head of… Source link

PHOTO: Adobe It is clear that the issue of remote working in the workplace of the future is creating quite a debate. Debate is always good, particularly when it comes to shaping the future workplace and the most recent salvo is particularly interesting. In fact according to Microsoft’s 2021 Work Trend Index, with over 40 percent of the global workforce considering leaving their employer this year, a new approach to hybrid work will be critical for attracting and retaining diverse… Source link

The electric vehicle (EV) industry has a friend in the Biden administration, Transportation Secretary Pete Buttigieg tells Yahoo Finance Presents.  “So we think it is important to continue incentivizing and encouraging electric vehicle adoption. We got to make sure that electric vehicles are not just a luxury item, especially because the fuel savings from not having to pay to fill it up with gas will be especially meaningful to lower and middle income American car owners,” Buttigieg says…. Source link

(Bloomberg) — GameStop Corp. climbed after saying it intends to elect Ryan Cohen as its next chairman, cementing the activist investor’s influence at the video-game retailer. Kurtis Wolf resigned effective April 5, GameStop said in a filing Thursday. The company said the resignation didn’t result from a disagreement over operations, policies or practices. Cohen will stand for election at the annual meeting on June 9, GameStop said in a statement. It plans to pay all directors entirely in… Source link

TipRanks Analysts Say These 3 Stocks Are Their Top Picks for 2021 Remember back in February, when we were worried about a market correction? Back when the NASDAQ dipped 10% from its peak… Yeah, well, never mind about that. Markets are up, up, up lately. A strong jobs report last Friday has helped, showing 916,000 new positions in March, the best print since last August, and almost a quarter-million higher than expectations. Rising markets make it a good time to look at the ‘top picks’… Source link

After more than 15 years, Yahoo is closing down its Yahoo Answers questions and response platform, marking the end of an internet era. Yahoo Answers, a staple of the web for so long, is shutting down, with Yahoo planning to focus on other products in its ecosystem. For more than a decade-and-a-half, Answers has enjoyed some of the spotlight in internet culture. However, in recent years, the platform dropped from the public consciousness like many before it… Source link

TipRanks Buy These 2 Stocks Before They Jump 80%, Say Analysts Markets are back at record highs, resuming a year-to-date climb that was temporarily interrupted from mid-February through the first week of March. A series of interrelated factors have worked together to push stock values back up. First, the economy is reopening. This started last fall, but was slowed by a wave of corona infections during the winter. The rapidly expanding vaccination program has people confident now, and it looks… Source link