U.S. Labor Secretary Marty Walsh is keeping a close eye on layoffs in the tech sector, including Elon Musk’s chaotic overhaul at Twitter. “As far as Twitter, that’s a whole different situation [than the broader tech layoffs],” Walsh said on Yahoo Finance Live (video above). “I don’t know enough about it, but I think that’s Elon Musk looking at the business model. I am sure at some point that will fix itself out as it moves forward.” To be sure, Musk’s changes to Twitter are moving forward this… Source link

Warren Buffett’s Berkshire Hathaway (BRK-A, BRK-B) has continued trimming its large stake in Chinese automaker BYD (1211.HK), according to a filing listed today with the Hong Kong Stock Exchange. As reported by Reuters, the filing states that Berkshire Hathaway unloaded 3.297 million Hong Kong-listed shares of BYD, netting $71.35 million in proceeds. Following the sale, Berkshire’s stake in BYD dropped to 17.92% from 18.22%, still keeping Berkshire a large shareholder. However, today’s… Source link

Less than half of respondents to a new Yahoo/Maru poll said they feel very confident in their financial literacy of stocks and bonds. A new survey shows many Canadians feel they have a sufficient level of financial literacy despite acknowledging that investing is still one major area they don’t understand. Seventy per cent of respondents to a new Yahoo poll, conducted by Maru Public Opinion, reported feeling confident in their financial literacy skills and have a “thorough understanding” or… Source link

New York City’s new pay transparency law went into effect on Nov. 1, which means that jobseekers — and anyone else who’s curious — can find out how much money some of the top companies in the world are offering their employees. Under the law, businesses hiring in New York City must publish “good faith” salary ranges that include minimum and maximum pay for all job postings, promotions and transfer opportunities. If a company doesn’t have their ranges listed and they’re reported, they’ll… Source link

(Bloomberg) — Cash is king, with investors fleeing to the safety of cash funds at the fastest pace since the coronavirus pandemic as the Federal Reserve remains firmly hawkish, according to strategists at Bank of America Corp. Most Read from Bloomberg The asset class had inflows of $62.1 billion in the week through Nov. 2, according to a note from the bank citing EPFR Global data. That’s contributed to $194 billion of inflows into cash from the start of October — the fastest start to a… Source link

U.S. stocks charged higher Friday morning as traders assessed monthly employment figures and weighed talks that China may ease COVID restrictions. The S&P 500 (^GSPC) bounced 1.4% at the start of trading but was poised for a weekly loss. The Dow Jones Industrial Average (^DJI) jumped 330 points, or 1%, while the technology-focused Nasdaq Composite (^IXIC) advanced 1.5%. The U.S. economy added 261,000 jobs in October, while September’s reading was upwardly revised to 315,000 from 263,000… Source link

This article is part of our Yahoo DFS Basketball series. After only two games last night, the league returns with 24 teams in action Friday. Among the more exciting matchups will feature the Celtics hosting the Bulls. The Bucks will also take the floor in Minnesota to face the Timberwolves and their new-look frontcourt. The Warriors will be playing the second game of a back-to-back staying on the road to meet the Pelicans, who will look to bounce back after losing in OT to the… Source link

The U.S. economy added more jobs than expected in October even as the Federal Reserve pressed on with the central bank’s most aggressive monetary tightening campaign in decades. Here are the highlights from the Labor Department’s monthly jobs report released Friday, compared to consensus estimates from Bloomberg: Non-farm payrolls: +261,000 vs. +195,000 expected Unemployment rate: 3.7% vs. 3.6% expected Average hourly earnings, month-over-month: +0.4% vs. +0.3% expected Average hourly earnings,… Source link

Lawmakers sent letters to Apple and Google with concerns about TikTok and other apps on their app stores. (Photo by Jakub Porzycki/NurPhoto via Getty Images) NurPhoto via Getty Images Two members of Congress have sent letters to the chief executives of Apple and Google accusing them of failing to act on security weaknesses and surveillance threats posed by apps on their app stores: most notably, TikTok’s ability to monitor keystrokes on outside websites through its in-app browser. The… Source link

This article is part of our Yahoo DFS Hockey series. Friday is an unusual one for the NHL. There are only two games, and one of them is starting at 2:00 p.m. ET. Why? Because it is happening in Finland. The league has largely cleared out to give that matinee offering a showcase. Pickings are slim for your lineups, but here are some players to target, and to avoid, for DFS purposes. GOALIE Alexandar Georgiev, COL vs. CLM ($35): When you see a goalie posting a .918 save percentage but a… Source link