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GameStop Slips as Skeptic Warns That Reddit Rally Will Fade (Bloomberg) -- GameStop Corp.’s Reddit-fueled trading surge is likely going to fade as threats from digital game downloads sink in, according to one skeptical Wall Street analyst.The stock slumped after Ascendiant Capital Markets analyst Edward Woo downgraded the retailer to sell from hold, saying increasing digital sales for video-game publishers is a looming risk given GameStop’s minimal market share. He warned clients in a note about the long-term prospects for the company as the market for new gaming systems matures after new launches from Microsoft Corp. and Sony Group Corp.The video-game retailer’s 741% surge this year through Friday’s close pushed its market value to $11 billion, however, Woo expects shares will tumble in the long run “to match its current weak results and outlook.” He trimmed his price target to $10 from $12, implying as much as a 94% drop from Friday’s close at $158.36.Shares of the Grapevine, Texas-based company reversed initial gains to slump as much as 12% at 10:41 a.m. in New York. The stock has shed a quarter of its value in the past six session after a company plan to sell as much as $1 billion in additional shares.GameStop’s slide coincided with selloffs in other meme stocks including animal health company Zomedica Corp., cannabis firm Sundial Growers Inc., and apparel company Naked Brand Group Ltd. The three stocks were among the 20 most actively traded companies in Monday’s session.Ascendiant called out the rise in popularity of GameStop on Reddit chat boards and with Robinhood investors for making learn more here shares trade on “retail investors sentiment, hope, momentum, and the powers of crowds” in place of fundamental metrics. Woo did acknowledge the mania can drive shares much higher in the near-term, making short-term price forecasts “nearly impossible.”The stock now has five sell-equivalent ratings, compared to two hold ratings and zero buys, data compiled by Bloomberg show. An average price target of $46.50 implies shares will lose two-thirds of their value in the coming year.(Updates share movement in fourth paragraph, adds meme stock peer underperformance in fifth.)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. Officials at multiple government departments are increasing efforts to better understand any possible threat posed to the U.S. dollar by China's digital yuan. Biden Team Eyes Potential Threat From China’s Digital Yuan (Bloomberg) -- The Biden administration is stepping up scrutiny of China’s plans for a digital yuan, with some officials concerned the move could kick off a long-term bid to topple the dollar as the world’s dominant reserve currency, according to people familiar with the matter.Now that China’s digital-currency efforts are gathering momentum, officials at the Treasury, State Department, Pentagon and National Security Council are bolstering their efforts to understand the potential implications, the people said.American officials are less worried about an immediate challenge to the current structure of the global financial system, but are eager to understand how the digital yuan will be distributed, and whether it could also be used to work around U.S. sanctions, the people said on the condition of anonymity.A Treasury spokeswoman declined to comment. A National Security Council spokeswoman did not reply to a request for comment.The People’s Bank of China has rolled out trial issuance of a digital yuan in cities across the country, putting it on track to be the first major central bank to issue a virtual currency. A broader roll-out is expected for the Winter Olympics in Beijing next February, giving the effort international exposure.Many key details of the digital yuan are still in flux, including specifics on how it would be distributed. China’s recent establishment of a joint venture with SWIFT, the messaging nexus through which most cross-border settlements pass through today, suggests it is possible a digital yuan could work within the current financial architecture rather than outside of it.U.S. officials are reassured that China’s intentions aren’t to use the digital yuan to evade American sanctions, according to people familiar with the matter. The dollar’s current dominance in cross-border transactions gives the U.S. Treasury the power to cut off much of a business or even a country’s access to the global financial system.China’s officials have said the main intentions of the digital yuan are to replace banknotes and coins, to reduce the incentive to use cryptocurrencies and to complement the current private-sector run electronic payments system -- dominated by Ant Group Co.’s Alipay and Tencent Holdings Ltd.’s WeChat Pay.

https://finance.yahoo.com/news/interventional-robotics-startup-moray-medical-140000399.html

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However, a target curve isn’t always the best way to figure out what you want to know. Essentially, when you weigh a response against a target curve, you’re attempting to calculate the probability that your envisioned listener will like whatever device you’re testing. Our envisioned listener is actually over 1 million people a month, and since all of you have different bodies, your experience may vary from our targets—That’s okay! We’re more concerned with finding the best way to serve the most people. Human ears aren’t as perfect as a robot’s? You don’t say! Additionally, many testers who use this particular head have a lot of trouble fitting in-ears to it. To that, I say: “Gee, no kidding. It’s a head with a realistic ear canal, the heck did you expect?” Of course, that’s rude and unnecessary, because most people are simply looking for reliability in their test fixtures for data integrity. We’re a review site, so it matters a great deal if it’s difficult to get a good fit with anything, or if you can expect some performance wonkiness from that issue. So we’ll collect that data and report it. Solution: house standards for the testing process Because of these issues, we’re developing two major updates to our testing : A way to ensure if in-ears are fit as best they can with these ears before testing, or at least the best a normal person can reasonably expect. We’re going to be adapting our own house curve loosely based on research done by Bruel & Kjaer in the 1970s, and Dr. Olive and the Harman team in the 2010s. Of course, your ear canals are likely going to be shaped differently than those of our dummy head, but they’re much closer than a straight cylindrical volume of air. Consequently, you can expect minor variations from our charts to what your head would be like, but our equipment can get it much closer than other fixtures could. While our house curve will be another variable, that will only be used for our scoring—so if you’re comfortable letting the measurements do the talking you’ll be able to see everything we do in upcoming content.

https://www.soundguys.com/soundguys-content-and-methods-audit-2021-47995/