Tag Archives: increased

Snap’s (SNAP) gotten another downgrade, this time from Andrew Boone, analyst at Citizens-owned JMP Securities, from Market Outperform to Hold. In December, Jefferies downgraded Snap from a Buy to Hold, saying that the company’s revenue expectations were “too optimistic.” To be sure, Snap’s struggling at a moment in which all tech giants are stumbling, but even in that context Snap’s challenges are singular – the company’s shares have declined about 73% over the last 12 months, as it battles… Source link

Verition Fund Management LLC lifted its stake in Yandex (NASDAQ:YNDX – Get Rating) by 16.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,893 shares of the information services provider’s stock after purchasing an additional 1,657 shares during the quarter. Verition Fund Management LLC’s holdings in Yandex were worth $225,000 as of its most recent filing with the Securities and… Source link

Deshaun Watson will serve an 11-game suspension and pay a $5 million fine for multiple violations of the league’s personal conduct policy in what amounts to one of the most significant penalties in NFL history, sources have confirmed to Yahoo Sports. The Cleveland Browns quarterback and the NFL have settled his disciplinary case prior to a final ruling by arbitrator Peter C. Harvey, following an agreement between the two sides on Thursday. The fine is the steepest ever levied against an NFL… Source link

Google has released its annual diversity report, and the company says it made some positive progress over the past year. The company saw its “largest increases in representation of Black and Latinx Googlers in the US ever” at 20 percent and 8 percent respectively year over year, according to chief diversity officer Melonie Parker. Google also reported improved leadership representation of Black, Latinx and Native American employees by 27 percent, Parker says. But some data shows there… Source link

Sanctions on Russia have effectively isolated Vladimir Putin’s country from the global economy, with the country at increased risk of not being able to pay its bills. The major credit rating agencies have begun the process of declaring the country in default, which generally refers to a government unable to meet obligations on its debt. The agencies add that further sanctions at the end of May will further ratchet up pressure on Russia. On Friday, S&P Global Ratings downgraded Russia’s… Source link

The Department of Education (ED)’s office of Federal Student Aid (FSA), which oversees the government’s massive student loan portfolio, launched a new Office of Enforcement last week to overhaul oversight of postsecondary schools that participate in federal student loan programs. FSA Chief Operation Officer Richard Cordray, a former attorney general in Ohio who served as the director at the Consumer Financial Protection Bureau (CFPB) under President Obama and wrote “Watchdog: How Protecting… Source link

August marked the seventh straight month of gains for the S&P 500 (^GSPC) as investors ignored softening U.S. economic data at the hands of the COVID Delta variant.  But investors may be wise to stop ignoring the data, and position for a September rife with market volatility, says the team at Goldman Sachs.  “General mobility statistics have weakened, full-service restaurant indicators have softened, travel intentions appear to have faded and retail traffic declines (off of 2019 levels) have… Source link

Weeks after Instagram rolled out increased protections for minors using its app, Google is now doing the same for its suite of services, including Google search, YouTube, YouTube Kids, Google Assistant, and others. The company this morning announced a series of product and policy changes that will allow younger people to stay more private and protected online and others that will limit ad targeting. The changes in Google’s case are even more expansive than those Instagram announced,… Source link

When President Biden and 10 bipartisan senators reached an infrastructure agreement in June, increased IRS enforcement was a key for how to pay for it. The idea, which has long been pushed by policymakers on both sides of the aisle, was to staff up the IRS now with the promise that the investment would be paid back in spades as more tax cheats were caught. But a wave of Republican pushback led to the idea getting nixed. The lead Republican negotiating the deal, Sen. Rob Portman of Ohio, Source link

Approximately two weeks after most activity trends in Christian County started to return to pre-coronavirus levels, the county began to see a significant increase in its number of COVID-19 cases, Google mobility data show. Using the same kind of aggregated and anonymized data used to show popular times for places in Google Maps, the tech company in April began releasing COVID-19 Community Mobility Reports to help public health officials manage their response to the ongoing public health… Source link