Technology stocks led markets higher for a third straight session Thursday as investors mulled a slew of mixed earnings and a surprise rate hike from the European Central Bank. The tech-heavy Nasdaq Composite gained 1.3%, while the benchmark S&P 500 index rose 1%. The Dow Jones Industrial Average added 160 points, or 0.5%. Shares of Amazon (AMZN) pushed higher for a seventh straight day, placing the e-commerce giant on pace for its longest winning streak since June 2020. The stock climbed 13%… Source link

The European Central Bank raised rates for the first time in more than a decade on Thursday, boosting its benchmark interest rate by a half-percentage point. At the same time, the central bank rolled out a new flexible bond-buying program it’s dubbing the Transmission Protection Instrument, or TPI. The latter is an effort to smooth out the volatility triggered by the central bank’s shifting rate policy. And this rollout caused a bit of confusion in markets, with the euro spiking as high as… Source link

This article is part of our Yahoo DFS Baseball series. Baseball returns from the All-Star break with a bit of an unusual schedule Thursday. There will be two doubleheaders, one of which is an exciting matchup between the Yankees and Astros. The other doubleheader is at the opposite end of the spectrum with the Athletics hosting the Tigers. As far as single games go, one of them features the Dodgers squaring off against the Giants. In total, six games are on the schedule. With the two… Source link

Who were the Minnesota Timberwolves competing against when they traded three playoff rotational players and the rights to seven of their first-round draft picks from this decade for 30-year-old center Rudy Gobert? If you are the head of basketball operations on the other end of the phone, all it takes is one new ownership group or empowered executive desperate to make a splash, or both, to outbid a player’s value. A reckless negotiation should never set a market, but the 2019 trade of Anthony… Source link

Amazon (AMZN) announced today that it would acquire subscription health care provider One Medical for $3.9 billion. The deal marks one of Amazon’s most high-profile pushes into health care to date. So, why One Medical? To start, One Medical — which was founded in 2007 and focuses on so-called concierge primary care — was on the market. The company had reportedly been fielding takeover interest from giants like CVS (CVS). One Medical’s $199 annual subscription offers 24/7 access to… Source link

The U.S. Department of Justice charged a former product manager at Coinbase (COIN) with insider trading in an indictment unsealed on Thursday. The DoJ noted this is the first insider trading case the Department has brought related to activities in cryptocurrency markets. The former employee, Ishan Wahi, and two accomplices, Nikhil Wahi and Sameer Ramani, allegedly made illegal trades involving at least 25 different crypto assets, realizing gains totaling approximately $1.5 million, according… Source link

It sounds like NBA Hall of Famer Charles Barkley is seriously considering joining the LIV Golf tour as a broadcaster. After meeting with tour CEO Greg Norman on Wednesday, Barkley confirmed he would play in the next LIV event, according to the New York Post. The two reportedly had dinner together in Atlanta. Norman was expected to pitch Barkley on joining LIV Golf as a broadcaster during that meeting. Barkley confirmed as much Thursday, saying he would meet with Norman to discuss the… Source link

The biggest bear on Wall Street: BofA’s Subramanian just slashed her S&P price target to 3,600. But here’s what she likes for healthy cash return and inflation protection With the market trading sideways lately, some investors are wondering whether the sell-off is done and we could be at the bottom. But according to Bank of America’s head of U.S. equity and quantitative strategy Savita Subramanian, tough times still lie ahead. Her team recently lowered their year-end price target on the… Source link

The Google Pixel 6a is finally here, and we’ve spent a week and a half with the new smartphone to see if it’s any good. It’s Google’s latest entry in its popular A-series, which has been the driving factor in the Pixel’s success over the years. Each new Pixel A phone has followed a similar formula: stick to the basics as much as possible, offer a similar design to the current Pixel flagship and offer a serious edge in photography over the… Source link

Steady as she goes. That may as well be the mantra for Google’s Pixel A-series line of smartphones, as each year the story seems to be the same: “It’s basically as good as the flagship Pixel from last year, but way cheaper!” Heck, I even crowned last year’s Pixel 5a the best Pixel period at the time, though the later Pixel 6 outclassed it. You shouldn’t be surprised, then, that the $450 Pixel 6a is probably the easiest new Android phone to recommend to anyone in the market for one… Source link