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Pinterest (PINS) shares soared more than 12% on Tuesday following its quarterly results and support from activist hedge fund Elliott Management for the search-and-discovery platform’s new CEO Bill Ready. “Pinterest occupies a unique position in the advertising and shopping ecosystems, and CEO Bill Ready is the right leader to oversee Pinterest’s next phase of growth,” read a statement by activist investor Elliott Management, the company’s largest shareholder, with a 9% stake. Ready served… Source link

I’m not sure how you can profess to be “light-years ahead of probably every other team in structure, in planning, in how we’re going to go about things” and complain about the rules governing the structure and planning that all NBA franchises are subject to, but Golden State Warriors owner Joe Lacob is sure trying. Lacob will have you believe it’s “very unfair” that the Warriors have to pay escalating taxes in order to keep a championship team together, when his unique ability to rage… Source link

Sweeping climate and health care legislation unveiled by Democrats last week would lead to significant cuts in energy costs for American households, according to a new analysis. A report by non-profit group Rewiring America found that the tax incentives included as part of the $369 billion dedicated to climate initiatives in the Inflation Reduction Act would save the average household $1,800 per year on energy bills. “It is a market-tilting level of investment,” Ari Matusiak, the group’s… Source link

Indonesia has lifted its ban on Steam and Yahoo now that both companies complied with the country’s restrictive laws that regulate online activity (via @ZhugeEX). The Indonesian Ministry of Communication and Information (Kominfo) announced the news in a translated update on Twitter, noting that Counter-Strike: Global Offensive and Dota 2 are back online as well. Last week, Indonesia blocked access to Steam, PayPal, Yahoo, Epic Games, and Origin after the companies failed to meet a… Source link

Russia’s Supreme Court declared Ukraine’s Azov Regiment a “terrorist” organization Tuesday, paving the way for the unit’s captured fighters to be tried in Russian courts and potentially face lenghty prison terms.  Moscow has regularly decried the Azov battalion for its past extremist right-wing links, using it to justify its invasion of Ukraine that the Kremlin calls its “denazification” of Kyiv this year. The battalion formed in 2014 as a… Source link

As the role of search evolves to touch multiple marketing and consumer touchpoints, optimizing for the user has never been so important. This is reflected in Google’s continual focus on the searcher experience. Whether in its core algorithmic updates, new features, products, or SERP format changes. While some of these Google changes have involved updates targeting low-quality content, links, and spam, other updates aim to understand consumer behavior and intent. For example, most recent… Source link

The former head of Russia’s top tech firm Yandex Tigran Khudaverdyan has challenged sanctions against him over the Ukraine war in a European Union court. Khudaverdyan filed a lawsuit on June 7 demanding the European Council lift its “discriminatory and disproportionate” sanctions against him. The lawsuit was first reported by TV channel RTVI on Monday evening.  Khudaverdyan quit as Yandex executive director and deputy CEO in March after being hit with an EU asset freeze and… Source link

The U.S. economy could have entered a recession before the calendar turned to 2022. “I wouldn’t be surprised if they [the National Bureau of Economic Research] actually push the start of the recession to the end of last year,” Dreyfus Mellon Chief Economist Vincent Reinhart, who spent spent 24 years in various research roles at the Federal Reserve, said on Yahoo Finance Live (video above). “So we might wind up being in one of the longer recessions on record.” The National Bureau of Economic… Source link

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 Tuesday, August 2, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. When the closing bell rang last Friday, the S&P 500 registered its best monthly gain since November 2020. The apparent enthusiasm from investors in July may be perplexing given the economic and… Source link

The Pixel 6A may have only been released last Thursday, but Google is wasting no time in bringing the latest beta version of Android 13 to its new midrange device. 9to5Google reports that Android 13’s latest beta, version 4.1, is now available for the Pixel 6A. The software was first released last Monday, when it was initially available for the Pixel 4 through 6 Pro. Android 13 is shaping up to be a relatively minor update for Google’s mobile operating system. It builds on some of the… Source link