Bold bets on high-flying technology stocks from Cathie Wood’s ARK Invest have destroyed an estimated $1.3 billion in shareholder wealth over the past decade, a Morningstar analysis published this week found. And these losses don’t take into account the sharp declines seen across ARK’s suite of investment offerings so far this year. According to Morningstar, the bulk of these losses came primarily from two of ARK’s actively managed vehicles last year: the ARK Genomic Revolution ETF (ARKG) and… Source link
Read More »The cost of taming inflation could be 3 million lost jobs
Federal Reserve Chair Jerome Powell has warned that getting inflation under control will involve “some pain to households and businesses.” What kind of pain is he talking about? So far, the pain has been plunging stock values and higher borrowing costs for homes, cars, credit-card purchases and business investments. But the toll could also include a surge in unemployment, and all the strains that go along with it—which typically harms lower-income workers most of all. Powell won’t… Source link
Read More »‘Google closed my account over “sexual content.” But they’re not telling me what it is and I’ve lost everything’ | Science & Tech
Five years ago, following the death of a friend and bandmate, David Barberá decided to pay for a Google Drive cloud account. He wanted to store music files so that his friend’s children would one day hear how their father played. “So I signed up for the Google Drive service,” he says. “It was the safest thing that occurred to me so that Javi’s music would not be lost, as the children were very young then.” Barberá, a 46-year-old high school teacher from Valencia, in eastern… Source link
Read More »Trey Lance lost for the season — now what?
Trey Lance suffered a season-ending ankle injury, and I’m still sick to my stomach. When a 10-day clear sky forecast in the Bay Area called for an otherwise three-hour window of rainy weather only during the 49ers game this weekend, maybe it was a sign this just wasn’t the rookie QB’s year after having to play through a monsoon in Week 1. While some may blame the injury on the weather, others are furious at Kyle Shanahan, who appeared to call as many designed runs as passes for Lance… Source link
Read More »The billionaire who hired Jerome Powell decades ago says he’d probably be happy if you lost your job
In the late 1990s, Jerome Powell got a new job as partner at the Carlyle Group, one of the world’s biggest private equity firms, with a massive $11 billion market cap and even bigger $376 billion of assets under management. Only a few years after Powell left Carlyle, he was nominated to the Federal Reserve Board of Governors, where he now serves as chairman. Carlyle was cofounded by David Rubenstein, a billionaire who served in the Jimmy Carter administration and is very active in… Source link
Read More »The Saints lost Drew Brees and Sean Payton — and still opted not to rebuild. Will it work?
This is not a rebuild I repeat: This is not a rebuild. That’s effectively what New Orleans Saints general manager Mickey Loomis has said for the past two offseasons despite losing Drew Brees to retirement after the 2020 season and then losing head coach Sean Payton after the 2021 season. “I think our team feels confident in our ability, but there’s so many variables that go into a season,” Loomis said at the start of training camp this year. “But we’re not a rebuild. This isn’t a rebuild,… Source link
Read More »‘Unforgiven’ screenwriter describes the lost ending Clint Eastwood cut from classic 1992 Western
Clint Eastwood, Shane Meier and Aline Lavasseur in Unforgiven. The young actors were part of a discarded ending to the film that was shot, but has never been seen. (Photo: Warner Bros./ Courtesy: Everett Collection) Clint Eastwood knows when a story’s been told. Over the course of his filmmaking career, the Hollywood icon has cultivated a famously no-frills style behind the camera, often shooting scenes in one take and excising material he deems extraneous — even if the sequence plays… Source link
Read More »Software Firm Meitu Lost Up to $52.3M in H1 Due to Slide in Crypto Prices
Don’t miss CoinDesk’s Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Hong Kong-listed software firm Meitu (1357) likely lost RMB 274.9 million to RMB 349.9 million ($41.1 million to $52.3 million) in the first half of 2022, mostly due to a fall in the value of its crypto holdings. The firm’s losses almost doubled, a 99.6% to 154.1% increase, compared to the same period last year, it said in a filing with the Hong Kong Stock… Source link
Read More »Has Google’s SEO Office Hours Lost Its Spark?
Google’s John Mueller answered a question about what strategy to use to make specific pages show as sitelinks in Google’s search results. Mueller provided an answer that noticeably matched what’s in the official Google Search Central documentation for sitelinks, although he added a little more nuance than what’s in the official documentation. Nevertheless, Google’s new tightly controlled SEO Office Hours format is starting to show some limitations. How to Make Pages Appear as a… Source link
Read More »Chris Evans lost 15 pounds after he stopped playing Captain America
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
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