Tag Archives: President

(Bloomberg) — Shopify Inc.’s president appealed to investors to focus on the company’s growing customer base as the stock dropped again Friday to a fresh two-year low. Most Read from Bloomberg The Canadian firm’s shares have plunged 21% since it disclosed first-quarter profit on Thursday morning that fell far short of analysts’ estimates. Shopify is navigating a “rebalancing” in retail that has seen shoppers head back to physical stores now that the Covid-19 crisis is easing,… Source link

While subscription gaming services have been on the rise for the past few years, thanks largely to the growth of Microsoft’s Xbox Game Pass platform, the shift in consumer spending and consumption hasn’t followed. Instead, subscription platforms and the smaller cloud gaming services often bolted onto them make up a tiny slice of the overall global games market. It may take years or perhaps even decades, alongside major advances in internet speeds and coverage as well as streaming… Source link

On Tuesday, the NCAA announced Mark Emmert would step down as its president, either once his replacement is found or by June 30, 2023. The distant departure date allows the Association to find a new leader and Emmert to continue to receive paychecks which, considering his approximate $2.7 million annual base salary, should be around $112,500 every couple of weeks. Emmert certainly learned long ago that when it comes to “amateur sports,” the grift never ends. The decision was supposedly… Source link

Mary Daly, president of the Federal Reserve Bank of San Francisco, joined Yahoo Finance to discuss her outlook on inflation and the central bank’s response. Below is a transcript of her appearance, aired live on April 21. – BRIAN CHEUNG: Welcome to Yahoo Finance live. I am Brian Cheung live here at the Federal Reserve Bank of San Francisco alongside the president of the San Francisco Fed Mary Daly. Good morning. How are you? MARY DALY: Good morning. I’m terrific. Thanks for having me. BRIAN… Source link

On Friday, three days ahead of tax day for most Americans, President Joe Biden and Vice President Kamala Harris released the completed tax returns from their first year in office. In a notable contrast to former President Donald Trump, Biden has now made 24 years of his tax returns public. Harris has released 18 years of her returns. Biden, 79, filed jointly with his wife Jill, reporting an adjusted gross income of $610,702. The majority of their money came from their salaries. Jill Biden, a… Source link

Employees at more than 100 U.S.-based Amazon (AMZN) facilities have contacted Amazon Labor Union (ALU) President Chris Smalls about unionizing their workplaces since a historic union victory at a warehouse on Staten Island a week ago, Smalls told Yahoo Finance on Friday. Smalls, a former Amazon warehouse worker who led the organizing campaign on Staten Island, said he plans to hold a “national call” with employees at the Amazon facilities within the next two weeks. When asked whether he… Source link

Chinese President Xi Jinping has urged the EU not to “tie the whole world” to the crisis in Ukraine and warned it could take decades to repair the economic damage. In a virtual summit with European Union leaders on Friday, Xi told European Commission President Ursula von der Leyen and European Council President Charles Michel that the crisis must be “properly handled”. “Many people are very worried that the current situation may destroy the achievements of decades of international economic… Source link

President Biden signing off on an oil release from the Strategic Petroleum Reserve (SPR) to cool elevated prices may have some effect, but not a ton, warns Goldman Sachs. “Conceptually, such a release would help the oil market rebalancing in 2022, increasing supply by 1 millions barrels per day for six months, for example. This would reduce the amount of necessary price-induced demand destruction, the sole oil rebalancing mechanism currently available in a world devoid of inventory buffers… Source link

Alabama Attorney General Steve Marshall testified Thursday as a Republican witness in opposition to the confirmation of President Biden’s Supreme Court nominee, Ketanji Brown Jackson, but instead made headlines over his refusal to acknowledge Biden as the “duly elected and lawfully serving president of the United States.” Marshall was questioned by Sen. Sheldon Whitehouse, D-R.I., who focused his initial line of questioning on Marshall’s views about Biden. “Is Joseph R. Biden of Delaware the… Source link

The European Union has sanctioned Rostelecom president Mikhail Oseevsky, Yandex deputy CEO Tigran Khudaverdyan, and VK Company CEO Vladimir Kiriyenko due to Russia’s invasion of Ukraine. The sanctions restrict the individuals from traveling to the EU or doing business with companies that operate there. The EU said that it enacted the sanctions due to “a blatant violation… Source link