Yahoo News

Investors have a packed slate of economic data to look forward to this week, with new reports on consumer and producer price inflation set for release. More corporate earnings results will also trickle in.  One of the closely watched economic data points this week will be the U.S. Bureau of Labor Statistics’ consumer price index. This print will reflect the extent of consumer price increases over the past month, with outsized demand during the recovery still exerting upward pressure on… Source link

As businesses emerge from COVID-19 lockdowns, many are facing the challenge of too few workers to accommodate strong demand. And while the labor shortage isn’t new, it’s definitely a sore spot for many that’s growing more acute. And amid a booming jobs market, some economists say the shortage isn’t labor related, but rather wage-driven — an economic third rail that companies big and small have increasingly grabbed in order to address widespread labor shortages.  Yet the strategy of… Source link

Monterey Car Week 2021 promises a return to multimillion dollar deals as auction houses like Mecum roll into town for the iconic Pebble Beach Concours d’Elegance on Aug. 15.  “We’re all very excited to be going back to Monterey after having to take off last year, 2020, because of the pandemic and missing car week,” Mecum Auctions CEO Dave Magers told Yahoo Finance Live. Mecum Auctions is one of the world’s largest collector car auction companies and will have 600 vehicles crossing the auction… Source link

SHANGHAI, Aug 8 (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd said on Sunday it has suspended several staff following an employee’s allegations on the company’s intranet that she was sexually assaulted by her boss and a client. The woman’s account, published via an eleven-page PDF that went on to circulate widely online, prompted a social media storm on China’s Twitter-like microblogging website Weibo. Police in the city of Jinan said on Sunday morning that they were… Source link

Free agent wing Kelly Oubre Jr. and the Charlotte Hornets agreed to a two-year, $25 million deal, agent Torrel Harris of Unique Sports International Management told Yahoo Sports. In a free agent landscape in which cap space is drying up, Oubre Jr. is securing one of the few remaining deal structures that is above the midlevel exception of $9.5 million. Oubre Jr., 25, will be in prime position for major payday at the conclusion of this deal as he’ll only be in his late 20s. Free agent wing… Source link

A volunteer receives an injection from a medical worker during the country’s first human clinical trial for a potential vaccine against the novel coronavirus, at Baragwanath Hospital in Soweto, South Africa, June 24, 2020. Siphiwe Sibeko/Reuters A Florida family of an unvaccinated man will hold a vaccine and testing site at his funeral. Marquis Davis wanted to get the vaccine after he was hospitalized but it was too late, his wife told WFTV. The family, along with their church, will offer the… Source link

The $1 trillion bipartisan infrastructure plan before Congress is inching closer to becoming law. And though the investments in climate change have been scaled back, the bill still includes more than $150 billion to boost clean energy. Milken Institute Public Finance Program Director Dan Carol tells Yahoo Finance Live that the bill is a good start, but more needs to be done in order to address America’s vast energy infrastructure needs. “I think it’s a very good down payment on climate…. Source link

The cryptocurrency space continues to be characterized by conversations surrounding its adoption and investment by large institutional investors. Landmark events like Coinbase’s (COIN) direct listing in April may suggest that digital currencies are beginning to break into the mainstream. According to Fidelity Digital Assets President Tom Jessop, however, there are two emerging themes that are becoming apparent about cryptocurrency. “What’s apparent are two things — this is seen as its… Source link

Battalion Chief Sergio Mora reacts as the Dixie Fire tears through Plumas County, Calif., on Wednesday. (Noah Berger/AP) Nichoel Farris had been living on an apple farm in Greenville, Calif., for four years with her husband, Paul. The farm, located in the High Sierra of Northern California, about 150 miles north of Sacramento, was where they grew sunflowers, raised chicks, rode horses and grew apples. Now all that’s left is a pile of ash and blackened tree trunks. The Dixie Fire, driven by… Source link

By Jonathan Stempel (Reuters) -Warren Buffett’s Berkshire Hathaway Inc on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue. The company Buffett has run since 1965 also signaled the billionaire’s confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs. Omaha, Nebraska-based Berkshire’s manufacturing,… Source link