Tag Archives: reports

Bloomberg Hedge-Fund Titans Lose Billions to Reddit Traders Running Amok (Bloomberg) — For once, Main Street is beating Wall Street.In a matter of weeks, two hedge-fund legends — Steve Cohen and Dan Sundheim — have suffered bruising losses as amateur traders banded together to take on some of the world’s most sophisticated investors. In Cohen’s case, he and Ken Griffin ended up rushing to the aid of a third, Gabe Plotkin, whose firm was getting beaten down.Driven by the frenzied trading… Source link

Verizon revealed during its earnings call Tuesday morning Verizon Media Group had a solid Q4 – total revenues jumped 11.4% to $2.3 billion YOY – marking the first quarter of year-over-year growth since the wireless giant acquired Yahoo in 2017 for $4.48 billion. Growth in the quarter was fueled by strong advertising trends, with revenue from Verizon Media’s DSP growing 41% YOY. “We are very pleased with Verizon Media Group’s performance,” said Verizon CFO Matt Ellis…. Source link

TipRanks 3 “Strong Buy” Stocks That Could Reach New Highs The markets have been on a tear of late despite the headwinds presented by the novel coronavirus pandemic. The question is how long this will last?Writing from Goldman Sachs, the firm’s chief US equity strategist David Kostin says that the markets will outperform both other investments and analyst expectations over the next two years. He sees the S&P 500 hitting 4,600 by the end of 2022, which would represent a 25% gain.Backing… Source link

Mozilla’s revenue in 2019 shot up by almost 84% compared to the year before, but the bulk of that increase came from a one-time settlement the organization received from Yahoo and its successor, Verizon Media. Without that financial shot in the arm, Mozilla’s 2019 financials looked much grimmer; for the second year running, Mozilla’s expenses outweighed revenue. According to the 2019 financial statement released by the maker of the Firefox browser, Mozilla posted… Source link

2020 has been a bumper year for the Australian and New Zealand arm of Verizon Media and its Yahoo platforms. The company has reported 22% y-o-y business growth for 2020 and an 11% increase in monthly active users across editorial brands: Yahoo, TechCrunch and HuffPost/BuzzFeed. It has also seen triple digit growth in its digital offerings according to director of platforms ANZ, John McNerney, and a significant increase in the use of out of home digital. “Verizon has invested a lot in the… Source link

Diego Maradona, one of the greatest players in soccer history who almost singlehandedly led his native Argentina to the 1986 World Cup title, has died after suffering a heart attack, the country’s football federation said on Wednesday. He was 60. Maradona had long battled heath problems since his playing days ended. Earlier his month, he underwent brain surgery in Buenos Aires and was only discharged from the hospital two weeks ago. Word of his passing spread quickly on Wednesday morning,… Source link

Free agent center DeMarcus Cousins has agreed to a contract with the Houston Rockets, The Athletic’s Shams Charania reports. ESPN’s Tim McMahon reports that the deal is for one year. Can Cousins rebound after rash of injuries? Cousins, 30 hasn’t played since the 2019 playoffs with the Golden State Warriors during their run to the NBA Finals against the Toronto Raptors. A four-time All-Star and two-time All-NBA player, Cousins’ career has been derailed by injuries since he suffered an… Source link

Yahoo Mail is about to charge users for automatic email forwarding, according to media reports.  “Beginning January 1, 2021, automatic forwarding of emails from your Yahoo inbox to a third-party email account will no longer be a feature of free Yahoo Mail accounts,” Yahoo Mail says.  “Upgrade … Source link

Fragomen’s office in Manhattan, New York. (Courtesy photo) Immigration boutique Fragomen, Del Rey, Bernsen & Loewy, an Am Law 100 firm, experienced a data breach affecting a limited number of people from Google, which is a client. Source link