President Biden has a brief window of time to boast about the economy. He should make the most of it before the story turns against him. Real GDP growth in 2021 rang in at 5.7%, the most since 1984. That’s adjusted for inflation, so it’s as good as it sounds. GDP shrank by 3.4% in 2020, President Trump’s last year in office, so the economy has gifted Biden an enviable talking point. He can say without exaggeration that the economy rebounded sharply once he took office. The economy would… Source link

Federal Reserve watchers are quickly ramping up and revising forecasts on how many interest rate hikes they anticipate this year after the central bank doubled down on plans to tighten policy and rein in inflation. Economists at Bank of America and JPMorgan increased their forecasts Friday, two days after the Fed’s policy-setting meeting. BofA released one of the more aggressive predictions on the Street. It now expects seven hikes this year — that number was first uttered by JPMorgan CEO… Source link

Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, joined Yahoo Finance to discuss the central bank’s efforts to pull its pandemic-era stimulus. Below is a transcript of his appearance, aired live on Jan. 28. – BRIAN CHEUNG: Thanks so much, Brian, obviously a lot of the heightened attention to that economic data because of what the Federal Reserve’s policy response is going to be. And luckily, we have one of those policymakers here joining us live on Yahoo Finance right now…. Source link

Former NBA star J.R. Smith, who is now a freshman golfer at North Carolina A&T, is entering the NIL game.  Smith signed a deal with Excel Sports for NIL representation, his agent Lance Young told ESPN’s Adrian Wojnarowski. It’s a first for a high-profile former professional athlete and he’s gained “significant NIL interest among golfing equipment and clothing manufacturers and video game companies,” his agent said.  Smith, 36, played in the NBA for 16 years and retired after the Los Angeles… Source link

Text size Alphabet shares have dropped nearly 11% amid a broader slide for technology stock so far in 2022. Sean Gallup/Getty Images … Source link

And just like that, struggling Kohl’s is one of the hottest commodities on Wall Street.  Guggenheim retail analyst Robert Drbul said in a new research note on Friday Amazon could express interest in buying Kohl’s. “Among the opportunities would be 1) customers, 2) categories, and 3) locations,” Drbul said. “For customers, according to Numerator, ~62% of Kohl’s shoppers are Prime members today, so there may be an incremental Prime opportunity for Amazon. Numerator data also shows that Kohl’s… Source link

Sign up for our amNY Sports email newsletter to get insights and game coverage for your favorite teams Alphabet Inc’s Google on Thursday increased the amount of time employees around the world can take off for vacation or caring for… Source link

Earlier this month, Google announced that it would kill free Google Workspace accounts that were using the G Suite legacy free edition. As spotted by Ars Technica and following customer backlash, Google has updated its support page and says that it plans to offer more options to existing users. Google Workspace as it exists today is a very different product from its predecessor. Google’s productivity subscription package is now primarily designed for businesses. The company offers… Source link

6 hours wey don pass Wia dis foto come from, Salvation Ministries Pastor David Ibiyeomie of Salvation Ministries don lay curse on pipo wey dey involve for scam, AKA yahoo-yahoo. Di popular televangelist say internet fraud wey Nigerians know as ‘yahoo-yahoo’ na stealing wey don lead to di death of many pipo. Internet scam na one of di financial crimes wey Nigeria anti-corruption agency, di Economic and Financial Crimes Commission (EFCC) dey battle – court for di kontri and abroad don convict many… Source link

Rivian’s stock has an electric amount of upside potential.  At least that is the good word from top Wall Street auto analyst at Morgan Stanley Adam Jonas.  The often headline-making Jonas — known for his bullish calls on Rivian rival Tesla — thinks Rivian’s stock warrants at least a 160% surge from levels he believes are overly depressed. “An IPO that preceded the December market top, the reality-check of supply chain bottlenecks (normal in auto land, perhaps not normal in tech land), and… Source link