SAN FRANCISCO — It’s easy to paint Steve Kerr as a sentimentalist, the championship coach with the magic touch and a moral compass to boot. But he’s been on the business side of at least one abrupt ending to an incredible run, then found himself decades later trying to complete a mission the Boston Celtics could never reach the finish line on. In 1992, the Cleveland Cavaliers and Celtics engaged in a seven-game slugfest for the right to play the defending champion Chicago Bulls in the… Source link

Mark Zuckerberg showing his metaverse avatar during Connect 2021.Facebook The Facebook founder and CEO is anticipating business success with the metaverse later this decade. A Facebook operating system may be needed “in order to deliver on what we want to build,” he said. The company division working on the metaverse is losing billions of dollars a quarter. A Meta Platforms-built operating system could be in the future as Mark Zuckerberg plans for the metaverse to be a major part of the… Source link

NEW YORK — The NBA draft is Thursday at 8 p.m. ET, and there will be a lot of intel and speculation coming out the next few days as teams gear up for the big night. There is no clear-cut No. 1 overall pick like in years past, but Jabari Smith remains the safest pick at No. 1. Here’s a breakdown of all the latest information coming out heading into the draft. (This page will be continually updated with the latest information and intel from around the league.) Wednesday updates Jalen Williams… Source link

Yasin Ozturk/Anadolu Agency via Getty Images Musk said Tesla was losing billions of dollars at its new factories because of supply-chain snags. The CEO has complained about supply-chain shortages in the past. Musk is one of many auto executives who have said shortages may further hurt the industry. Elon Musk said during a recent interview that electric-car-battery shortages and supply-chain snags were costing Tesla billions of dollars. “Both Berlin and Austin factories are gigantic money furnaces… Source link

RIP Tony Siragusa. (Photo by Evan Agostini/Invision for PepsiCo/AP Images) Tony Siragusa, a member of the Baltimore Ravens’ Super Bowl-winning defense who carved out a post-retirement media career, died Wednesday, the Ravens confirmed Wednesday. He was 55 years old. Siragusa, nicknamed “Goose,” played 12 seasons in the NFL, but had to overcome a major obstacle on his way there when he tore his ACL in college at Pittsburgh, depleting his draft stock to the point that he went undrafted in the… Source link

‘A cold dark place’ — Michael Burry thinks the market has plenty of room to plunge. But he finally sees value in these 4 stocks Michael Burry — the hedge fund manager depicted by Christian Bale in The Big Short — has been aggressively investing during this market downturn. Burry’s latest 13F filing for the first quarter of 2022 shows a broad range of new investments and some interesting strategic moves with options. That’s a significant shift from the previous quarter when Burry… Source link

Policymakers at the Federal Reserve are beginning to entertain the possibility of recession, as high inflation pushes the central bank to raise interest rates at the fastest pace in decades. “It’s certainly a possibility,” Fed Chairman Jerome Powell told the Senate Banking Committee on Wednesday when asked about the chance of a recession. Powell clarified: “It’s not our intended outcome.” The Fed chief’s remarks on Wednesday stand in contrast to his commentary from early May, when… Source link

Patrick Harker, President of the Federal Reserve Bank of Philadelphia, joined Yahoo Finance Live on June 22, 2022, to discuss his economic outlook and the Fed’s recent decision to raise interest rates by 0.75%. — BRIAN CHEUNG: President Harker. Good morning. How are you? PATRICK HARKER: Good morning, Brian. Thanks for having me. BRIAN CHEUNG: So a lot to talk about, obviously the big news headline coming from the Fed last week of that 0.75%, 75 basis point, move. It was an interesting kind of… Source link

Antitrust action is desperately needed to reel in the practices of Big Tech companies, especially around privacy, Google’s former head of advertising said Tuesday. Driving the news: Competition in tech is needed to ensure people are able to have private online experiences, because large companies like Google will never truly care about user privacy, Sridhar Ramaswamy said during an onstage interview with Axios in Toronto at the Collision Conference. Ramaswamy spent 15 years running Google’s… Source link

You might have heard: Joe Biden is shaping up as the next Jimmy Carter. As a Democratic president in the 1970s, Carter had to deal with surging inflation, as Biden does now. Carter also faced an energy crisis, triggered abroad, much as Biden is now trying to tackle soaring gasoline prices caused by Russia’s invasion of Ukraine. Carter famously claimed the nation faced a “crisis in confidence,” which is arguably the case under Biden, too, given that consumer confidence, by some measures,… Source link