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(Bloomberg) — Robinhood Markets Inc. shares slumped to a fresh low on Wednesday, giving the beleaguered brokerage a market value that’s less than the cash on its balance sheet. Most Read from Bloomberg After posting more than $3 billion of losses since its initial public offering in late July, Robinhood’s shares have plunged more than 80%, cutting its market capitalization to as low as $5.99 billion. The firm had $6.19 billion of cash and cash equivalents at the end of the first… Source link

Chris Evans talks about losing 15 pounds post-Captain America and handing off mantle to Anthony Mackie. (Photo: Jesse Grant/Getty Images for Disney) Hanging up Captain America’s shield after a decade of Marvel movies was a weight off Chris Evans’s shoulders in both a figurative and literal sense. “I’ve shed like 15 pounds,” Evans tells us at a recent press event for his new Disney-Pixar animated spinoff Lightyear. “Every time people see me they’re like, ‘Are you OK? You lost a… Source link

by Sharon Florentine • Jun 15, 2022 Infinite Computer Solutions has acquired the former Yahoo Small Business Essentials portfolio from Verizon. Financial terms of the deal were not disclosed. This is technology M&A deal number 549 that ChannelE2E has covered so far in 2022. See more than 1,000 technology M&A deals involving MSPs, MSSPs & IT service providers listed here. Infinite Computer Solutions Acquires Verizon Small Business Solutions Sanjay Govil, CEO, Infinite Computer… Source link

This article is part of our Yahoo DFS Baseball series. There will be no rest days in baseball Wednesday with all 30 teams in action. There are a few early start times, including the Marlins taking on the Phillies. The night portion has some big-name pitchers set to start, including Corbin Burnes. The best pitching matchup of the evening could be when Nestor Cortes Jr. and the Yankees host Shane McClanahan and the Rays. On the other hand, runs could be aplenty in Colorado when the… Source link

The Federal Reserve on Wednesday raised interest rates by 0.75%, the largest move it has made in a single meeting since 1994. The central bank messaged that further interest rate hikes will come this year, as the Fed leans on higher borrowing costs to dampen demand and work to slow faster-than-expected inflation. “Overall economic activity appears to have picked up after edging down in the first quarter,” the policy-setting Federal Open Market Committee said in a statement, repeating its… Source link

This article is part of our Yahoo DFS Hockey series. Here we go! We’ve got two teams left vying for the Stanley Cup. The Avalanche are hosting the Lightning in Game 1. Colorado may have home-ice advantage, but the Lightning are in their third straight final. Both teams have a key player questionable in Nazem Kadri and Brayden Point. As such, neither of them are in my single-game stack. You have $135 for five players. Your superstar earns you 1.5 times the points. Let’s get to it!

As big name investors such as Bill Ackman and Jeff Gundlach clamor for the Federal Reserve to hike interest rates by 100 basis points or more, one top strategist thinks observers should really think through what they are calling for. “Be careful what you wish for,” 22V Research Founder Dennis DeBusschere on Yahoo Finance Live (video above). “You want to take it to an extreme. Let’s go 100 basis points, 200 basis points, or 400 basis points. Let’s crush the economy. I don’t think that would be… Source link

Taking on a tough course this week at The Country Club, only the top 60 and ties will advance through the 36-hole cutline. That makes it one of the toughest cuts to make all season. For DFS purposes it means you may want to spread out your exposure a little more than usual if you’re making multiple lineups. Unless, of course you have a high-risk tolerance. It’s always a case-by-case basis but no name is safe when roughly 60% of the field will be packing their bags early. For the course, we know… Source link

First came HAL-9000 and The Terminator. Now, Google’s LaMDA chatbot? Last week, Google suspended an engineer for breaching the company’s confidentiality policy, after he publicly revealed his conviction that the search giant’s AI chatbot LaMDA had achieved sentience. It opened the door for plenty of jokes — and nervous laughter — about the deadly sentient computers that have been part of popular culture for decades, from “2001: A Space Odyssey” to “The Terminator.” But you don’t have to… Source link

Mark Cuban.AP Photo/Wilfredo Lee Jack Sweeney said he stopped tracking Mark Cuban’s jets on Twitter after Cuban reached out. The billionaire offered the teen business advice in exchange for the account being disabled. Sweeney made headlines this year after he refused an offer from Elon Musk to take down an account. The teen who famously turned down a $5,000 offer to stop tracking Elon Musk’s private jet said he stopped sharing data on Mark Cuban’s travel history on Twitter after the billionaire… Source link