Russia’s Yandex has agreed to sell its news aggregation platform and Zen infotainment service, as well as the main page where both services have been located, to VK. In return, it will acquire 100% of the food delivery service Delivery Club. VK is one of Russia’s largest social media businesses and has until now been one of Yandex’s strongest competitors. It is majority owned by Sogaz, whose main shareholder is Yury Kovalchuk. Meanwhile, Yandex has until now been referred to as… Source link
Read More »Dan Loeb buys new stake in Disney, lays out key initiatives ‘to unlock further value’
Dan Loeb is once again bullish on Disney (DIS). According to a letter the activist investor sent to CEO Bob Chapek, Loeb’s Third Point has repurchased “a significant stake” in the media giant, causing shares to rise 2%. Loeb, who previously held a stake in the company from 2020 to early 2022, praised Disney’s positive Q3 earnings results, citing strength in Disney’s streaming business. “We’re particularly pleased to see the strength in DTC subscriber growth, the key driver of Disney’s… Source link
Read More »Latest news, key dates for 2022-23 season
NBA schedule release: Latest news, key dates for 2022-23 season originally appeared on NBC Sports Philadelphia Almost time to mark your calendars, NBA fans. The schedule for the 2022-2023 season will soon be released. Which matchups might be circled are still to be determined with plenty of uncertainty remaining in the offseason. Star players like Kevin Durant and Donovan Mitchell remain on the trade market, meaning the NBA could see a rare late-offseason shift in its balance of power…. Source link
Read More »Trump to be deposed over real estate practices, his net worth could be key topic
President Donald Trump will be deposed today as part of the New York attorney general’s civil investigation into his business practices after he spent months trying to delay the questioning, according to multiple news reports. Trump posted about the deposition on his social media site, Truth Social. “Seeing racist N.Y.S. Attorney General tomorrow, for a continuation of the greatest Witch Hunt in U.S. history!” he wrote. That office is looking into whether Trump and his children lied about the… Source link
Read More »why production ramp is key for investors
Lucid Group (LCID) shares crashed in after hours trading on on Wednesday following the release of the electric vehicle (EV) maker’s second quarter report. The company cut its production outlook for 2022 for the second time in as many quarters, now forecasting it will make 6,000-7,000 cars this year, down from its prior guidance of 12,000-14,000. At the beginning of the year, the company had expected it would make up to 20,000 cars this year. “Our revised production guidance reflects the… Source link
Read More »If NFL increases Deshaun Watson’s 6-game ban, behavior ‘more egregious than any before reviewed’ will be key
The NFL now holds Deshaun Watson’s football future in its hands. With independent disciplinary arbitrator Sue L. Robinson delivering a six-game suspension decision in Watson’s personal conduct policy case on Monday, the spotlight now shifts back to the NFL, which must decide whether to appeal the penalty. The league issued a statement Monday saying it’s “reviewing” the decision and “will make a determination on next steps.” Barring a mutually agreed upon extension between the NFL and NFL… Source link
Read More »Midterm Misery for Biden as Key Economy Gauge Flags 30-Seat Loss
(Bloomberg) — Whatever else is on Americans’ minds — and that’s a long list right now — the state of the economy looms large in any US election. That spells big trouble for Democrats in November’s midterm vote. Most Read from Bloomberg A new study by Bloomberg Economics takes one gauge with a knack of predicting ballot outcomes — the misery index, calculated by adding up the inflation and unemployment rates — and projects it forward through election day. The result: Based on past… Source link
Read More »Why 2022 production target is key
A view of the Tesla service centre in Singapore July 16, 2022. REUTERS/Chen Lin It will be make-or-break for Tesla (TSLA) come Wednesday after the bell, as the electric vehicle maker releases its second quarter earnings report. The Street is expecting Tesla to report That revenue figure would represent a 2.5% drop from a year ago, which is not that severe considering the production issues Tesla experienced during Q2 due to COVID-related shutdowns at its Shanghai Gigafactory. On the profitability… Source link
Read More »Search Engine Market – A Comprehensive Study by Key Players:Google, Bing, Baidu, Yahoo!, Sogou, Yandex, Naver, Seznam, DuckDuckGo, Alibaba, 360
The report investigates the current status of the Search Engine Market and analyses the future trends of the Search Engine market. The report explores the market opportunities available in the Search Engine market. The report assesses the Search Engine market sourced from the currently available data. The report provides in-depth information of the Search Engine market that helps market players understand and analyse the Search Engine industry in terms of key products and… Source link
Read More »Bank of Canada hikes key rate by 75 bps for first time since 1998
Bank of Canada Governor Tiff Macklem takes part in a news conference in Ottawa, Ontario, Canada April 13, 2022. REUTERS/Blair Gable The Bank of Canada raised its benchmark rate by 100 basis points on Wednesday, a surprise move that exceeded economist expectations, as the central bank attempts to set a firehose against scorching inflation. The unexpected and supersized increase comes after two consecutive 50 basis point hikes, bringing the policy interest rate to 2.5 per cent, the highest level… Source link
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