First it was Evan Neal. Then Ikem Ekwonu got a little buzz. But there’s now a new betting favorite to be the No. 1 overall pick of the Jacksonville Jaguars in the 2022 NFL draft. According to BetMGM, Michigan edge Aidan Hutchinson is now a -350 favorite to be drafted first. He’s followed by a big gap — next in line are Neal (+600) and Ekwonu (+1000). The over-under for Hutchinson’s draft position has been set at 1.5. You get -350 odds to take the under, +250 for the over. Interestingly, Ekwonu… Source link

The Federal Reserve entering an interest-rate hiking cycle will have ramifications for the U.S. economy over time, stresses former Fed economist Vincent Reinhart. “Mortgages will be a little more expensive. You may see some increases in loan rates. It will be harder to buy a car on credit. That is the slowing,” Reinhart, who is now chief economist at Dreyfus and Mellon, said on Yahoo Finance Live. One could officially start the clock on these things happening. The Fed widely delivered its first… Source link

Alibaba (BABA)’s ADRs could rip higher after a massive relief rally spurred by an ease of regulatory risks, which one equity manager called “a sea change.” “I think you’re going to see China stocks rip for the next 8 or 12 months into the China National Congress [elections],” Thomas Hayes, chairman of Great Hill Capital, told Yahoo Finance. “When you look at some of them in particular, we’re focused on Alibaba, I think the returns are going to be spectacular.’ On Wednesday, e-commerce giant… Source link

Interactive Brokers founder and billionaire Thomas Peterffy has spotted one likely unintended consequence of the Federal Reserve embarking on raising interest rates. “There is a lot of leverage in the system as the Fed begins to raise rates. We will be looking at bankruptcies maybe among many of the private equity firms that are invested in on the high leverage, and in several businesses that basically will not be able to pay the interest,” Petterffy told Yahoo Finance. Despite that very real… Source link

Google today announced two new tools for businesses that operate extensive delivery fleets: the Last Mile Fleet Solution and the Cloud Fleet Routing API. The new Last Mile Fleet Solution, which is part of the Google Maps platform, puts an emphasis on optimizing every step of the last-mile delivery process from ordering to delivery. As the name implies, the new Routing API, which is part of Google Cloud, focuses on route planning across fleets of delivery vehicles. The Last Mile Fleet… Source link

New unemployment claims improved more than expected last week, further reflecting a tight labor market and relatively low levels of firings and layoffs. The Labor Department released its latest weekly jobless claims report Thursday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg: Initial jobless claims, week ended March 12: 214,000 vs. 220,000 expected, 227,000 during prior week Continuing claims, week ended March 5: 1.419… Source link

Listing Follows Completion of Business Combination with Spartan Acquisition Corp. III Allego Management to Ring Opening Bell at the New York Stock Exchange Today, March 17, 2022, at 9:30 am ET in Celebration PARIS & ARNHEM, the Netherlands & NEW YORK, March 17, 2022–(BUSINESS WIRE)–Allego N.V. (“Allego” or “the Company”) (NYSE: ALLG), a leading pan-European electric vehicle charging network, announced that its ordinary shares and warrants will begin trading on the New York Stock Exchange… Source link

Russian search engine and cloud computing company Yandex confirmed that its sanctioned deputy CEO has resigned. Tigran Khudaverdyan was sanctioned by the European Union this week, meaning he can no longer work at the Netherlands-registered company. The EU said that Khudaveryan attended a meeting of oligarchs at the Kremlin the week of the invasion of Ukraine. “We were… Source link

A majority (up to 85%) of the emissions from a barrel of oil come when transportation, such as your car, is driven, according to Carbon Tracker. It’s a stark example of how difficult the net-zero goal will be for companies, but far from the only one. Red Huber | Tribune News Service | Getty Images Normative, a Swedish start-up backed by Google, has launched a free version of its carbon emissions tracker as companies around the world try to figure out how to manage their environmental… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, March 17, 2022 The Federal Reserve finally took the plunge and raised rates. As expected, Fed Chair Jerome Powell led the Federal Open Market Committee to raise its benchmark interest rate target by 25 basis points. The Fed famously operates according to two mandates (actually it has three by law): price stability and maximum employment…. Source link