Apr 15, 2019

NBA's Amir Johnson fined for checking phone during playoff game

The Philadephia 76ers' Amir Johnson. Photo: Mitchell Leff/Getty Images

We've all been in a place where we aren't supposed to use our phone and just want to sneak a quick look, but if you're an NBA player on the bench during a playoff game, it might be better to resist the urge.

Driving the news: Amir Johnson found that out the hard way, as TV cameras captured him looking at his phone during the fourth quarter of Saturday's Sixers-Nets game. League rules prohibit use of cellphones during games and call for a suspension or fine, and Johnson got both a fine and a reprimand from his coach.

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Private equity returns fell behind stocks over the past decade

Illustration: Aïda Amer/Axios

U.S. private equity returns fell just below S&P 500 returns for the 10-year period ending last June, according to a report released Monday morning by Bain & Company.

Why it matters: Private equity markets itself as beating public markets over long-term time horizons, and usually providing an illiquidity premium to boot. These new performance figures not only dent such claims, but provide fresh ammunition to critics of public pension investment in private equity funds.

Why Apple may move to open iOS

Photo illustration: Jakub Porzycki/NurPhoto via Getty Images

Apple may finally allow iPhone owners to set email or browsing apps other than Apple's own as their preferred defaults, according to a Bloomberg report from last week.

The big picture: Customers have long clamored for the ability to choose their preferred apps, and now Apple, like other big tech companies, finds itself under increased scrutiny over anything perceived as anticompetitive.