On Monday, Donald Trump will enter a new phase in his financial and legal challenges when jury selection begins in the Manhattan district attorney’s criminal tax fraud trial against his business. The Trump Organization might face an uphill battle on the legal merits of the case, as its former CFO, Allen Weisselberg, already pleaded guilty and is set to implicate his former employer. But the structure of the Trump Organization and its status as a holding company could make it hard to punish… Source link

As a synchronized rout in stocks and bonds this year sours the outlook for 60-40 portfolios, some strategists see an opportunity for a new-and-improved investing framework. MSCI, in conjunction with GIC – a sovereign wealth fund of the Government of Singapore – this week proposed an alternative to the mainstay equities and fixed income mix that has long been a favorite of long-term investors: an asset allocation that integrates macroeconomic risk considerations. With inflation running near… Source link

This article is part of our Yahoo DFS Baseball series. The NLCS resumes Friday with things knotted up at a game apiece. The Padres will turn to Joe Musgrove, who had a great regular season with his 2.93 ERA and 3.59 FIP. The Phillies will deploy Ranger Suarez, who walked five batters over just 3.1 innings against the Braves in the NLDS. He did record five strikeouts, though, and was able to escape by allowing only one run. This game brings another opportunity to play Yahoo’s… Source link

The Los Angeles Sparks finalized a multi-year deal with two-time Coach of the Year Curt Miller as their next head coach, sources told Yahoo Sports on Friday. The Sparks announced the hire later Friday. Miller led the Connecticut Sun to the 2022 WNBA Finals, where they lost in four games to the Las Vegas Aces. As general manager and head coach, Miller shaped the Sun into title contenders over the past handful of seasons. But they have yet to break through for the franchise’s first… Source link

Former President Trump launched a “trade war” with China in 2018 that mostly produced a series of economic skirmishes and logistical workarounds. Trade between the two nations continued, with some collateral damage where Trump lobbed a tariff, or China lobbed back retaliatory measures. With far less fanfare, the Biden administration has launched a new broadside against China that could do far more damage to its economy than anything Trump contemplated, and trigger unprecedented… Source link

Elon Musk.Adrees Latif/Reuters Elon Musk could have to sell up to $10 billion in Tesla stock next week to complete his Twitter buyout, according to Dav Ives of Wedbush. “The more investors that bail on this deal is the more money that Musk needs to contribute and therefore sell more Tesla stock,” Ives said. Ives called Musk’s $44 billion deal for Twitter a “train wreck.” Elon Musk could be forced to sell $5 billion to $10 billion in Tesla stock next week as he prepares to complete a $44 billion… Source link

Halep of Romania says the fight against this suspension is about “honor” (Danielle Parhizkaran-USA TODAY Sports). Simona Halep, former world No. 1, has been provisionally suspended by the International Tennis Integrity Agency (ITIA) after testing positive for a banned substance at this year’s US Open. Halep, according to a Friday statement from the ITIA, provided a sample that contained Roxadustat. The substance is listed in the 2022 World Anti-Doping Agency (WADA) prohibited list. Halep… Source link

U.S. stocks rallied Friday as investors parsed through a medley of corporate financial results and considered the possibility Federal Reserve officials may stop raising rates sooner than anticipated. In remarks at a meeting Friday, San Francisco Federal Reserve President Mary Daly said the U.S. central bank should avoid tipping the economy into an “unforced downturn” and that it was time to consider easing the pace of hikes. The S&P 500 (^GSPC) bounced 1.8%, while the Dow Jones Industrial… Source link

The Chevrolet Silverado EV pickup is now joined by its electrified twin in the General Motors (GM) family with the new GMC Sierra EV. The Sierra EV has the same chassis, powertrain, and Ultium batteries as the Silverado EV, but design-wise looks more like a traditional pickup, whereas the Silverado EV appears more like a lifestyle, adventure pickup. The traditional styling may appeal to a broader group of buyers, including those looking for work trucks. The high-trim model GMC unveiled last… Source link

American Express (AXP) CEO Stephen Squeri has a message for investors sending the stock lower on Friday following the company’s third-quarter earnings release: Read the release again. “We’re not seeing any changes in consumer spending,” Squeri told Yahoo Finance. “We have strong credit quality.” The CEO also addressed concerns about a business slowdown should a recession materialize. “If anything changes, we have plans in place to pivot,” Squeri added. “If I didn’t say that, you would think I… Source link