Facebook is buying GIF company Giphy for $400 million

Facebook is reportedly buying animated-image database Giphy for $400 million. Under the deal, New York-based Giphy — whose trove of cute animals, bizarre cartoon characters and mugging celebrities are popular on social media and messaging apps — will remain its own brand, but would be primarily integrated through Facebook-owned Instagram. “GIPHY makes everyday conversations more […]

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Angels owner Arte Moreno expected to reveal stadium development plan this month

Five months after buying Angel Stadium and the surrounding parking lots, Angels owner Arte Moreno is close to revealing his plans for the property. On Tuesday, the Anaheim City Council is expected to approve an agreement under which SRB Management — the development company controlled by the Angels owner — will submit its development proposal […]

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Book, comic store owners not rushing to reopen as coronavirus restrictions loosen

Buying a comic or used book is typically a tactile experience laced with a sense of discovery as customers browse packed shelves to find an obscure tome tucked away they never knew they wanted or an under-priced vintage Superman issue lurking in a musty box. Increasingly, such stores are social experiences, too, with customers gathering […]

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Online art marketplaces enjoy renaissance amid gallery closures

Demand for buying artworks online has more than doubled amid the coronavirus crisis, with one online art marketplace recording its best month for sales in its seven-year history. London-based Artfinder has seen a 110% surge in new customers in April compared with the same period last year, with an artwork being sold every 12 minutes […]

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What if Larry Bird played in today’s NBA? | The Jump

Rachel Nichols, Jay Williams and Brian Windhorst discuss Steve Ballmer and the LA Clippers buying the Los Angeles Lakers’ former arena, The Forum. They also ask "what if?" about Boston Celtics legend Larry Bird playing in today’s NBA, and finally discuss the possibility of the league permanently changing its calendar. #TheJump #NBA #Sports ✔️Subscribe to […]

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Amazon buying heat-sensing cameras from Chinese firm blacklisted by US

Amazon is reportedly buying heat-sensing cameras to monitor its workers’ temperatures during the coronavirus pandemic from a firm that has been blacklisted by the US for helping China detain and monitor the Uighurs and other Muslim minorities. Under the deal with China’s Zhejiang Dahua Technology, Amazon is paying $10 million for 1,500 cameras, according to […]

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Alex Rodriguez, Jennifer Lopez take step in bid to buy Mets

Alex Rodriguez and Jennifer Lopez appear to be getting serious about buying the Mets. The power couple retained JPMorgan Chase to raise capital for a possible bid, according to Scott Soshnick of Sportico, two months after The Post first reported A-Rod and J.Lo had emerged as a potential suitor to purchase the team. Rodriguez, the 44-year-old […]

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Coronavirus Strands China’s Students, in a Dilemma for Beijing

One student fantasized about buying a $30,000 seat on a private jet. One mother, frustrated with her inability to bring her daughter home, sent masks instead. One group of desperate parents made an unusually public appeal to the Chinese government for help. The coronavirus outbreak has stranded more than one million Chinese students in empty […]

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Mortgages See Swift Turnaround on Fed Buying, Falling Volatility

© Reuters. Mortgages See Swift Turnaround on Fed Buying, Falling Volatility (Bloomberg) — Mortgage performance for the year had been lagging Treasuries by 2.87% as recently as last week, but historic levels of support from the Federal Reserve and a precipitous drop in volatility have sent agency MBS prices surging higher and significantly narrowed the […]

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Fed Is Buying Credit ETFs But One Hedge Fund Is Shorting Them

© Reuters. Fed Is Buying Credit ETFs But One Hedge Fund Is Shorting Them (Bloomberg) — Adam Schwartz didn’t know a lethal virus more contagious than the flu would spark the biggest credit crash in a decade. But his hunch that exchange-traded funds would buckle in a major rout is getting some vindication in the […]

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Clippers owner Ballmer buys the Forum from MSG for $400M

LOS ANGELES — Los Angeles Clippers owner Steve Ballmer is buying the Forum for $400 million, ending the billionaire’s legal fight with the Madison Square Garden Company and clearing the way to build a new arena for his NBA team down the street in Inglewood, California. Ballmer announced his cash purchase of the venerated arena […]

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Panic buying forces British supermarkets to impose limits

By James Davey and Dylan Martinez LONDON (Reuters) – Panic buying by British shoppers escalated on Wednesday with shelves stripped bare by alarmed customers hoarding for the coronavirus isolation, prompting Tesco (LON:) and Sainsbury’s to restrict purchases. Prime Minister Boris Johnson, who has faced criticism for acting too slowly and too cautiously to tackle the […]

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Alex Rodriguez talks about buying Mets with Jimmy Fallon

Alex Rodriguez danced around a question about his reported interest in buying the Mets before leaving the door open. Host Jimmy Fallon asked the former Yankees slugger and current Fox and ESPN baseball analyst on “The Tonight Show” Monday if it was “true you are interested in buying the New York Mets.” Rodriguez went on […]

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Geno Auriemma rips AAC coronavirus policy on not shaking hands

UConn women’s basketball head coach Gene Auriemma isn’t buying into the American Athletic Conference’s new coronavirus precaution. Auriemma took issue with what he said was a conference request to skip the postgame tradition of shaking hands in order to prevent potential coronavirus spreading. When asked about it following UConn’s 79-38 win over South Florida on […]

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