Tag Archives: Hits

“Call of Duty” maker Activision Blizzard (ATVI) reported its Q2 earnings after the closing bell Monday, beating analysts’ expectations on revenue, but falling short on the bottom line as the industry contends with a slowdown from its pandemic-era highs. Here are the most important numbers from the announcement versus what Wall Street was anticipating from the gaming giant, as compiled by Bloomberg. Shares of Activision Blizzard were largely flat following the report. While Activision… Source link

Russia fined Google 21.1 billion rubles ($374 million) on Monday for repeatedly failing to “remove prohibited information” — content related to the country’s invasion and subsequent war in Ukraine. The country’s telecommunication watchdog Roskomnadzor cited a court order and said Google (particularly YouTube) didn’t take down content that discredited “the Armed Forces of the Russian Federation.” The watchdog’s press release also accused Google of… Source link

Ricardo Ramos just put his name in the pool for Knockout of the Year. The UFC featherweight pulled off an incredible spinning elbow KO at UFC on ESPN 37 on Saturday in Austin, Texas. Ramos (16-4 MMA, 7-3 UFC) slept a tough Danny Chavez 72 seconds into the first round. It was flawless performance by Ramos. The Brazilian immediately looked to pressure Chavez (11-5-1 MMA, 1-2-1 UFC) and walk him down as soon as the fight started. Closing in on Chavez near the cage, Ramos spun and clipped Chavez… Source link

A housing bubble requires both a rush of speculators entering into the market and “overvalued” home prices. Oh, and the bust at the end, of course. Unlike the housing bubble that popped in 2008, the pandemic housing boom isn’t underpinned by a frenzy of speculation, Moody’s Analytics chief economist Mark Zandi says. While home flipping has certainly ticked up during the pandemic, he says, we aren’t seeing the exuberance of the last bubble. So is the coast clear? Well, not so fast. While… Source link

U.S. consumer prices accelerated in May to the highest since 1981, as Americans grapple with a surge in the cost of gas, food, and shelter, data showed Friday. The Bureau of Labor Statistics’ May Consumer Price Index (CPI) showed a year-over-year increase of 8.6% last month, up from 8.3% in April. Economists were expecting an 8.3% increase in May, according to estimates compiled by Bloomberg. On a monthly basis, the broadest measure of inflation climbed 1.0%, compared to 0.3% in April. “Core”… Source link

With inflation surging and pandemic-related stimulus rolling off the books, U.S. savers are under pressure. In April, the U.S. personal savings rate fell to 4.4%, the lowest since September 2008, according to data from the Commerce Department published Friday. “In a typical cycle, a sharp drop in the saving rate would be a warning sign about the sustainability of spending,” Wells Fargo economists led by Tim Quinlan wrote in a note published earlier this week. “Because balance sheets are in such… Source link

(Bloomberg) — Snap Inc. plunged 43%, posting its biggest-ever one-day drop and dragging down social media peers, after the company cut its revenue and profit forecasts, blaming the weaker economic outlook for a sudden slowdown of its advertising business. Most Read from Bloomberg “We continue to face rising inflation and interest rates, supply chain shortages and labor disruptions, platform policy changes, the impact of the war in Ukraine, and more,” Chief Executive Officer Evan Spiegel… Source link

China has slammed Australia for opposing its security pact with Solomon Islands, calling it a colonialist myth-driven violation of sovereignty and saying Canberra had no right to lay down any “red line”. This came as Australian Prime Minister Scott Morrison said a Chinese military base in the South Pacific nation would be a “red line” for his government, days after Beijing and Honiara confirmed the signing of the deal without revealing details. Talk of China building a naval base on Solomon… Source link

(Bloomberg) — It’s been a painful week for traders of China’s stocks, bonds and currency as growing fears about the fallout from the nation’s Covid Zero strategy send markets tumbling. Most Read from Bloomberg The Hang Seng China Enterprises Index of big mainland companies listed in Hong Kong is among the worst-performing stock benchmarks globally this week. The offshore yuan extended declines, hitting the weakest level in a year. High-yield dollar bonds are headed for the longest… Source link

Michigan state Sen. Mallory McMorrow pushed back in a viral speech against the growing trend of Republicans labeling their Democratic opponents as groomers and pedophiles. McMorrow responded Tuesday morning to accusations made in a fundraising email by Republican state Sen. Lana Theis that her Democratic colleague wanted to “groom and sexualize kindergarteners.” “I didn’t expect to wake up yesterday to the news that the senator from the 22nd District had, overnight, accused me by name… Source link