(Bloomberg) — U.S. and European futures started October on the back foot alongside Asian stocks, after overnight losses in the S&P 500 capped its biggest monthly selloff since March 2020. Most Read from Bloomberg Shares slumped in Japan and Australia, and a gauge of Asian stocks hit its lowest in more than a month. China began a week-long holiday and Hong Kong’s market was shut Friday. The S&P 500 closed at the lowest level since July, extending its September losses to almost 5%…. Source link

Kareem Abdul-Jabbar has been outspoken in his advocacy for the COVID-19 vaccine, and he has a message for the 5% of NBA players who still have not gotten it. “Lives are at stake. It’s important here. People are dying,” Abdul-Jabbar told Yahoo Sports. “The ignorance that has been perpetrated and the misinformation that has been spread around everywhere has made it impossible for people to get an understanding of what is going on.  “People who say they haven’t finished doing the research yet,… Source link

Stock futures opened slightly higher Thursday evening after dropping during the regular session, with equities ending a volatile month in the red. The S&P 500 ended a seven-month winning streak in September, posting an about 4.8% monthly decline. The Dow ended September lower by 4.4%. The Nasdaq underperformed, shedding 5.4% amid a broad rotation away from growth and technology stocks as expectations for elevated inflation and higher rates took holding.  “As I look at my ‘what am I going to… Source link

Yahooooo! There are 13 games on the Yahoo main slate that begins at 1 p.m. ET on Sunday. This piece highlights my top overall plays, values, and best tournament plays for guaranteed prize pools (GPPs) at each position while using our Player Models. I will specifically be referencing the Bales Model. As news breaks throughout the week and we adjust our projections, player ratings in our Player Models will change. For updates, visit the models directly. Quarterbacks Top Play My top… Source link

Art: Courtesy WXY Architects on behalf of the Hudson Square BID Last week, when Google announced it was buying the immense St. John’s Terminal for $2.1 billion — the most money spent on an office during the pandemic anywhere in the U.S. — many media outlets mistakenly reported the company was heading to Hudson Yards. It was an… Source link

(Bloomberg) — A trader just established a massive hedging position via options to protect a portfolio of stocks in the event that the S&P 500’s losses snowball toward 20% during the fourth quarter. Most Read from Bloomberg The trader Thursday morning bought 45,300 put-spread collars — options cocktails that combine various strike prices in a single strategy — on the S&P 500 for $94 million. The order involved selling calls with a strike price at 4,505 while buying puts exercising at 4,135… Source link

Baby (back ribs) come back?  In a surprise announcement on Thursday, McDonald’s (MCD) revealed the upcoming return of its cult classic menu item, the McRib — just in time for the sandwich’s 40th anniversary.  The BBQ favorite, which is made of seasoned boneless pork, barbecue sauce, onions and pickles on a bun, will be available on menus beginning November 1.  The McRib has built up a substantial following over the years, despite the fact that it has not been a consistent menu item for the… Source link

The value of each of the two largest cryptocurrencies — bitcoin (BTC-USD) and ethereum (ETH-USD) — fell earlier this week amid an outright ban on cryptocurrency trading in China and indication of forthcoming regulations from the U.S. Securities Exchange Commission.  In general, ethereum prices tend to move in tandem with bitcoin. But the two coins are used for very different purposes that should be taken into account by investors, says Michael Sonnenshein, CEO of Grayscale Investments,… Source link

It has been a record-breaking year for new public company listings — including IPOs, direct listings and SPACs — with total U.S. issuance standing at $257 billion. Though most unicorns that grew up over the last decade have found their way to the public markets, a few large holdouts remain in the pipeline for the coming quarters. A new wrinkle is popping up as well, which potentially threatens to introduce delays. Only a day after the latest consumer-facing unicorn, Warby Parker (WRBY),… Source link

Sen. Joe Manchin says he will make a deal with his own Democratic party on a spending bill, but only if the Federal Reserve begins pulling back on its monetary stimulus to the economy. In a signed agreement with Senate Majority Leader Chuck Schumer (D-N.Y.), Manchin said he would only support a budget resolution with a top-line number of $1.5 trillion, with no funds in the new legislation disbursed until after all COVID-related federal spending is exhausted. Another condition: The “Federal… Source link