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Novak Djokovic: Australia cancels top tennis player's visa

Novak Djokovic: Australia cancels top tennis player’s visa

Tennis star Novak Djokovic has had his visa to enter Australia dramatically revoked on his arrival in Melbourne. The world number one was held in the city’s airport for several hours before border forces announced he had not met entry rules and would be deported. He has reportedly now been taken to a government detention …

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SpaceX surpasses Apollo with tallest-ever rocket on a launchpad

SpaceX surpasses Apollo with tallest-ever rocket on a launchpad

SpaceX set a world record this week for the tallest rocket ever assembled after it stacked and mated its Starship spacecraft onto the company’s main Super Heavy rocket booster, beating out the NASA Saturn V rocket that sent Apollo 11 astronauts to the moon. Starship Serial No. 20 (SN20) was hoisted up by crane onto …

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Goldman Sachs posts Q2 earnings blowout, powered by investment banking

Goldman Sachs posts Q2 earnings blowout, powered by investment banking

Goldman Sachs (GS) reported second-quarter earnings results on Tuesday that far exceeded Wall Street’s expectations, driven by strength in investment banking. Here were the key figures versus expectations:  Adjusted earnings per share (EPS): $15.02 per share vs. $10.15 estimate Revenue: $15.39 billion vs. $12.43 billion estimate Goldman’s investment banking business posted its second-best quarter ever with $3.61 billion, following …

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Virgin Galactic acknowledges Branson's pre-launch bike ride never happened

Virgin Galactic acknowledges Branson’s pre-launch bike ride never happened

Virgin Galactic Holding Inc acknowledged on Tuesday that billionaire founder Richard Branson never rode a bicycle to the launch site of his space flight on Sunday, as depicted in a highly publicized video included in the company’s webcast of the event.  The video clip showed Branson riding his bike toward New Mexico’s state-owned Spaceport America …

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Visa Approves Australian Startup to Issue Debit Cards for Spending Bitcoin

Visa Approves Australian Startup to Issue Debit Cards for Spending Bitcoin

Australians will soon be able to spend crypto via existing brick-and-mortar point-of-sales with the issuance of a new physical debit card, the Australian Financial Review reported Wednesday. Global payments giant Visa has approved local Australian startup CryptoSpend to begin issuing debit cards for the startup’s users. Those using the CryptoSpend app can then pay using their bitcoin and other …

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Democrats sound alarm on student loan collections as payment restart looms

Democrats sound alarm on student loan collections as payment restart looms

Several prominent Democratic lawmakers are asking the Education Department (ED) about student debt collection practices in the face of a potential wave of student loan defaults when the pandemic payment pause expires, Yahoo Finance has learned. “With student loan and interest payments scheduled to resume on October 1, 2021, and a wave of loan delinquencies and defaults …

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Coronavirus: 'We have a tale of two pandemics' in America

Coronavirus: ‘We have a tale of two pandemics’ in America

The growing number of COVID cases in the U.S. indicates a major divide between the vaccinated population and those who choose to remain unvaccinated. The 7-day moving average of new cases increased by 16% last week, according to CDC data, and roughly 93% of those cases were among counties with low vaccination rates.  “The problem is we have a tale of two …

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SoftBank to pay ¥178.5 billion for licensing rights of Yahoo in Japan

SoftBank to pay ¥178.5 billion for licensing rights of Yahoo in Japan

The SoftBank-owned Z Holdings has agreed to take the licensing rights of Yahoo in Japan from Verizon Media’s hands for ¥178.5 billion. The agreement comes shortly after Verizon announced it was selling its media arm for $5 billion to private equity firm Apollo Global, which includes AOL and Yahoo.  While Yahoo has struggled to stay relevant in Western …

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Delta sharply narrows losses in Q2 as CEO sees return to profitability this quarter

Delta sharply narrows losses in Q2 as CEO sees return to profitability this quarter

Delta Air Lines (DAL) on Wednesday reported a narrower than expected loss in the second quarter, with “accelerating demand” putting the airline back on a path to profitability. Here are the main results from the Q2 report, compared to consensus estimates compiled by Bloomberg: Adjusted pre tax income (loss): $881 million vs ($898 million) estimate Adjusted earnings (loss) …

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Two big inflation stories emerge

Two big inflation stories emerge

Pandemic pressures linger but new pressures emerge June’s inflation data was a barnburner.  Data from the Bureau of Labor Statistics published Tuesday showed the consumer price index (CPI) rose 5.4% over last year on a headline basis, and 4.5% on a core basis. That measure strips out the more volatile components of food and energy.  These readings …

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Zuckerberg said he could build another Facebook with Yahoo's $1B offer: book

When Yahoo offered $1 billion to buy Facebook, Mark Zuckerberg said he wouldn’t know what to do with the money, and would probably just build another Facebook, a new book says

When Yahoo offered to buy Facebook for $1 billion in 2006, Mark Zuckerberg said he wouldn’t know what to do with the money, according to a new book about the social-media giant. Facebook board members and advisors told Zuckerberg he could potentially walk away with half of the $1 billion offer and do whatever he wanted, The …

When Yahoo offered $1 billion to buy Facebook, Mark Zuckerberg said he wouldn’t know what to do with the money, and would probably just build another Facebook, a new book says Read More »

Mayor, Senator Defend Ocean City Police’s Use Of Force; Local NAACP President Seeks Third-Party Investigation

Mayor, Senator Defend Ocean City Police’s Use Of Force; Local NAACP President Seeks Third-Party Investigation

OCEAN CITY — How much force is appropriate has been the subject of much debate nationally and the issue hit close to home this week. After a pair of incidents involving arrests on the Boardwalk over the last two weekends resulted in shortened videos circulating on social media, the Town of Ocean City and its …

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Canadian health officials defend mix and match COVID-19 vaccine strategy after WHO comments

Canadian health officials defend mix and match COVID-19 vaccine strategy after WHO comments

Canadian officials are defending Canada’s mix-and-match approach to vaccinations after the World Health Organization warned Monday about “dangerous trends” in individual vaccination strategies, including mixing and matching. In an online briefing, the WHO’s chief scientist Soumya Swaminathan suggested to reporters that mixing and matching is dangerous because there is not currently enough data to support …

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Harris meets with Texas Democrats after Republicans call on law enforcement to 'return' them 'to the chamber'

Harris meets with Texas Democrats after Republicans call on law enforcement to ‘return’ them ‘to the chamber’

The Texas House walkout escalated dramatically on Tuesday, when state Republicans voted “overwhelmingly” to find, return and, if necessary, arrest absent Democrats, The Wall Street Journal and Texas Tribune report. Vice President Harris is meeting with the lawmakers taking refuge in the nation’s capital, where they are lobbying with Congress to pass a federal bill that renders Texas’ legislation moot. …

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