‘The devil will be in the details’

Elizabeth Holmes’ high-stakes decision to testify in her own defense could reach its most risk intense phase Monday as prosecutors’ inevitable cross-examination draws nearer. The failed blood-testing entrepreneur is scheduled to return to the stand for her fourth day of testimony. Holmes, founder and CEO of the now defunct Silicon Valley biotech startup, Theranos, faces 11 counts of fraud for allegedly lying to investors and patients about her company’s capabilities. Each count carries… Source link

Read More »

Russia fines Google 3 million roubles for not deleting banned content

The logo for Google LLC is seen at their office in Manhattan, New York City, New York, U.S. REUTERS/Andrew Kelly MOSCOW, Nov 29 (Reuters) – A Moscow court fined Alphabet Inc.’s (GOOGL.O) Google 3 million roubles ($400,386) on Monday for not deleting content that it deemed illegal, part of a wider dispute between Russia and the U.S. tech giant. Russia in October threatened to fine Google a percentage of its annual Russian turnover for repeatedly failing to delete banned content on its search… Source link

Read More »

Billionaire George Soros Loads Up on These 3 “Strong Buy” Stocks

Wall Street has known its share of legends, but few of them have made as big a splash as “the Man Who Broke the Bank of England.” That nickname belongs to George Soros who earned the tag after famously betting against the British Pound in 1992; following the Black Wednesday crash, the hedge fund manager pocketed a $1 billion in a single day. This is the stuff that Wall Street legends are made of. By then Soros was already incredibly successful and in the midst of steering his Quantum Fund to… Source link

Read More »

Stocks recoup some losses after Dow’s worst day since Oct. 2020

Stocks jumped Monday morning to recover some losses after Friday’s slide, when uncertainty over a new coronavirus variant stoked volatility across global markets.  The Dow gained more than 300 points, or about 0.9%. On Friday, the index had seen its worst day since October 2020, dropping more than 900 points, or 2.5%.  U.S. airlines and other travel stocks were mostly higher to steady after steep losses from late last week, when initial concerns over the newly discovered Omicron variant of… Source link

Read More »

After $1 billion investment, Google pledges to build a more ‘vibrant and dynamic’ digital ecosystem in Africa

During the pandemic in 2020, nearly 20 million more Africans subscribed to a mobile service than in the previous year, according to industry trade group Global System for Mobile Communications (GSMA), with 4G connections set to double over the next four years. Tech giants such as Google — which expects hundreds of millions more people to come online across the continent for the first time in the next few years — are moving quickly in the race for Africa’s digital inclusion. Last year,… Source link

Read More »

Should You Accumulate Yandex NV (YNDX) Stock Monday Morning?

Yandex NV (YNDX) is higher by Monday morning, with the stock rising 3.11% in pre-market trading to 72.63. YNDX’s short-term technical score of 58 indicates that the stock has traded more bullishly over the last month than 58% of stocks on the market. In the Internet Content & Information industry, which ranks 135 out of 146 industries, Yandex NV ranks higher than 84% of stocks. Yandex NV has fallen 14.97% over the past month, closing at… Source link

Read More »

The Omicron variant and the stock market: Morning Brief

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 Monday, November 29, 2021 I am not a doctor. I will venture to say that most of you reading this aren’t doctors, either.  So all we could collectively do after Friday’s market beatdown is assess incoming information on the Omicron variant to the best of our ability and go from there.  Here’s the current state of play in this fast-changing… Source link

Read More »

Stocks Rebound, Bonds Dip as Omicron Turmoil Eases: Markets Wrap

(Bloomberg) — Stocks in Europe rebounded and U.S. equity futures rose along with Treasury yields as a semblance of calm returned to global markets while investors reconsidered their worst-case scenarios for the omicron coronavirus strain. Most Read from Bloomberg The Stoxx Europe 600 index jumped more than 1%, recovering some of their worst drop in more than a year, with travel and energy stocks leading the advance. S&P 500 and Nasdaq 100 contracts climbed, WTI oil rallied back above $71 a… Source link

Read More »