The Switch is selling out everywhere, despite the new PlayStation 5 and Xbox Series X hitting the market recently.
Renaldo Hill is getting his first opportunity to be a defensive coordinator, although he won't be thrown into the deep end of the pool just yet. Los Angeles Chargers coach Brandon Staley will call the plays during games, allowing Hill to be able to progress at his own pace. It is a hierarchy Hill is used to.
The prices of Sling TV subscriptions are going up for new subscribers.
White House 'monitoring' GameStop share surge as US hedge fund pulls outMelvin Capital Management had bet on failure of store before small investors sent shares soaringHow GameStop found itself at the centre of a battle between Wall Street and small investors White House press secretary Jen Psaki said the White House was ‘actively monitoring the ongoing market volatility. Photograph: Mandel Ngan/AFP/Getty Images
Speaking with The Atlantic, Anthony Fauci described the Trump White House as a "surrealistic experience" run by a man who was "not interested in the outbreak."
(Bloomberg) -- Facebook Inc.’s fourth-quarter sales jumped 33%, with online shopping during the pandemic fueling demand for digital ads on its social networks. Still, the company warned of “significant uncertainty” in 2021, and said it may not be able to grow as quickly in the second half.Quarterly revenue was $28.1 billion, the Menlo Park, California-based company said Wednesday in a statement. That compared with the $26.4 billion average analyst estimate in a Bloomberg survey. Facebook now has 2.8 billion monthly users, beating the average prediction of 2.76 billion, as more people spend time on their phones while unable to gather or travel during Covid-19-related shutdowns.As the pandemic continues to make in-person contact risky, people are relying on Facebook to remain connected with friends and family. Small businesses that haven’t previously used the internet to reach customers have increasingly turned to Facebook, Instagram and WhatsApp -- now with a combined audience of 3.3 billion -- to get their messages out.The company said those same trends would make it more difficult to grow as fast when the pandemic effects wear off. Facebook is also confronting a rising tide of regulatory scrutiny and criticism over its policies on privacy, free speech and offensive content.“Facebook stock is not without significant controversy,” Justin Post, an analyst at Bank of America Merrill Lynch, said in a note to investors. The company may face investor questions about any number of public perception problems -- like the fact that users on Facebook organized the Jan. 6 Capitol riots, leading the company to suspend former President Donald Trump indefinitely to prevent further violence, Post said.The company posted fourth-quarter net income of $11.2 billion, or $3.88 a share, compared with the $3.22-per-share analyst estimate. The stock was little changed in extended trading, after falling 3.5% in New York to close at $272.14. Shares have gained more than 26% in the past year.Chief Executive Officer Mark Zuckerberg briefly addressed the recent debates, saying he would work to limit political discussion on his social networks, including refraining from recommending that people join political groups on Facebook.“People don’t want politics and fighting to take over their experience on our services,” he said on a conference call following the earnings report.Facebook said it also benefited because people are spending their money on products, as opposed to in-person services, and those rely on digital advertising. The company has been investing in direct shopping, too, especially on photo-sharing app Instagram. Research firm EMarketer estimates that Instagram accounted for 49% of Facebook’s U.S. advertising revenue in 2020.“Commerce appears to be really taking center stage here, making transactions a core part of Facebook,” in terms of product ads and direct shopping, said Ron Josey, an analyst at JMP Securities. Facebook doesn’t disclose revenue for Instagram or any of its individual properties.Facebook said it will also start to see a revenue hit from changes to Apple Inc.’s iOS 14 software on the iPhone, which will require that apps get explicit user permission to track their activity. Facebook Chief Financial Officer Dave Wehner said he believes many users will opt out of this tracking. Zuckerberg criticized the iPhone maker for the change, saying it would make it harder for Facebook advertising customers to target their messages.“Apple may say that they’re doing this to help people, but the moves clearly track their competitive interests,” Zuckerberg said.(Updates with reduction in political content in sixth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Two days after California Governor Gavin Newsom suddenly announced he was rescinding his Regional Stay-at-Home Order, deaths statewide and in L.A. County remained at near-record levels. Los Angeles officials announced on Wednesday that the county had recorded 307 virus-related deaths in the past 24 hours. That’s just 11 short of the highest-ever total of lives […]
Chinese banks are gearing up to seize back lost business in consumer loans from fintech players like Ant Group, emboldened by a regulatory sea change that is making them more competitive while more hurdles are created for their online rivals. The new rules, which come on the back of Beijing's shock canning of Ant's $37 billion IPO in November, include the scrapping of limits on credit card interest rates and plans to greatly restrict the consumer data collection that has enabled the rapid growth of online lending platforms. As of Jan. 1, Chinese banks are no longer obligated to set daily compounding interest rates for credit cards between 0.035% and 0.050%.
The struggling energy giant is apparently figuring out how to deal with investors agitating for change.
Former president’s ardent supporters begin to battle the new administration’s agenda amid barrage of policy announcements
The Toffees goalkeeper was at fault for Youri Tielemans’ equaliser as Leicester claimed a 1-1 draw.
The Mets added a left-hander to their bullpen, agreeing to a one-year contract with Aaron Loup, a person familiar with the negotiations told The Associated Press. Loup, 33, was 3-2 with a 2.52 ERA in 25 innings over 24 games for AL champion Tampa Bay last season, allowing 17 hits while striking out 22 and walking four. Once considered a lefty specialist, he held right-handed batters to a .192 average with three home runs in 58 plate appearances and left-handed batters to a .212 average with no home runs in 38 plate appearances.
Stock futures added to losses Wednesday evening after a selloff during the regular session.
Ole Gunnar Solskjaer hit out at "two mistakes" by referee Peter Bankes during Manchester United's shock home defeat to Sheffield United, but refused to excuse his players for a "sloppy" performance. Oliver Burke's first Premier League goal dented United's title challenge as the bottom-of-the-table Blades claimed a sensational 2-1 victory at Old Trafford on Wednesday night. Burke's 74th-minute shot was defected past helpless keeper David De Gea by defender Axel Tuanzebe to secure a 2-1 win, just the Blades' second in the league this season.
The bank had to cut its dividend by 75% last year due to the Federal Reserve's cap on dividend payouts for banks.
Tight end Jason Witten is retiring from the NFL for a second, and likely final, time, ESPN reported. Witten, 38, spent the 2020 season with the Las Vegas Raiders after 16 seasons (2003-17, 2019) with the Dallas Cowboys. The Tennessee product first retired after the 2017 season to join the ESPN "Monday Night Football" broadcast booth but returned to the Cowboys after one season away.
EXCLUSIVE: The music-driven project Mixtape, which landed on the 2009 Black List, is finally turning up the volume at Netflix. Outer Banks and The Archer director Valerie Weiss has come aboard to direct with a number of actors joining the cast including two-time Emmy winner Julie Bowen, Gemma Brooke Allen, Nick Thune, Jackson Rathbone and […]
The previous Bachelor star opens up to PEOPLE about the challenges of planning his wedding amid the COVID-19 pandemic
(Bloomberg) -- Asian stocks looked set to slide Thursday as their U.S. peers extended losses in after-hours trading on disappointing earnings from tech giants and concerns about valuations. The dollar jumped the most since September and Treasuries climbed.S&P 500 futures slipped as results from Apple Inc., Facebook Inc. and Tesla Inc. sent shares sliding after market. Contracts pointed lower in Japan and Hong Kong, and Australian shares retreated. Earlier, the U.S. benchmark fell 2.6% -- the most since October -- after Federal Reserve officials left their main interest rate unchanged and made clear the central bank was nowhere near exiting massive support for the economy. Ten-year Treasury yields fell to just over 1%.While the U.S. stock selloff was widespread, sinking all sectors, turmoil continued in pockets of the market where retail traders are becoming a dominant force. Shares of GameStop Corp. and AMC Entertainment Holdings Inc. soared as professional investors questioned the rationale behind the moves.A push higher for stocks has reversed this week as investors looked to a spate of earnings releases for clues about the health of the corporate world. Fed Chairman Jerome Powell said at a press conference that the U.S. economy was a long way from full recovery and still short of policy makers’ inflation and job goals.“It was always doubtful the Fed would announce any new actions this month,” said Seema Shah, chief strategist at Principal Global Investors. “After a few weeks of Fed speakers pushing back on the monetary tightening narrative, it wasn’t surprising to hear Powell reassert the message that tapering is not on the agenda for 2021.”Apple shares fell after a cautious outlook from executives overshadowed quarterly revenue that topped $100 billion for the first time. Tesla reported lower-than-expected profit and record revenue, mixed results that disappointed investors. Facebook warned of “significant uncertainty” in 2021.On the virus front, officials in the U.K. announced new rules to try to curb the spread of Covid-19 and Germany cut its 2021 economic growth forecast. The European Union failed to resolve its dispute with AstraZeneca Plc over vaccine supplies, raising the risk of additional delays to the bloc’s sluggish innoculation campaignElsewhere, Bitcoin fell below $30,000 before paring the decline and precious metals dropped. The euro held losses seen in the wake of comments from a European Central Bank official who said that markets are underestimating the odds of a rate cut.These are some key events coming up in the week ahead:Fourth-quarter GDP, initial jobless claims and new home sales are among U.S. data releases Thursday.U.S. personal income, spending and pending home sales come Friday.These are the main moves in markets:StocksS&P 500 futures dropped 0.2% as of 8:03 a.m. in Tokyo. The gauge fell 2.6% on Wednesday.Futures on Japan’s Nikkei 225 declined 1.9%.Hang Seng futures fell 0.5%.Australia’s S&P/ASX 200 Index dipped 0.7%.CurrenciesThe Bloomberg Dollar Spot Index rose 0.7%.The euro was at $1.2108.The yen traded at 104.09 per dollar.The offshore yuan was at 6.4957 per dollar.BondsThe yield on 10-year Treasuries fell two basis points to 1.01%.Australia’s 10-year yield dropped one basis point to 1.08%.CommoditiesWest Texas Intermediate crude slipped 0.5% to $52.56 per barrel.Gold was steady around $1,843 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
To celebrate reaching one million followers on her new solo Instagram account, Bailey posted a steamy dance performance in her bedroom
In a perfect world, Andrew Luck would be the answer to the Colts' questions at quarterback. Irsay quipped on Wednesday that he plans to frequently check his fax machine, a reference to the way Michael Jordan announced his return to basketball from a brief baseball-motivated retirement. "I really think it kind of stands where it stands," Irsay said.