Yahoo News

For more business and finance explainers, check out our Yahoo U page. Since 2011, the Federal Reserve has published a chart known as the “dot plot,” which maps out policymakers’ expectations for where interest rates could be headed in the future. The dot plot serves as a guide for financial markets, which tend to dislike policy surprises from the nation’s central bank. But the dot plot also runs the risk of sending the wrong message, since forecasts are often wrong. What is a Federal… Source link

August 28, 2020. Piracicaba, SP, Brazil. Preparations to fly a hot air balloon at sunrise. Prices of everything; a house in Phoenix, a Ford F-150, a plane ticket to New York, have all gone up. That much is true. Unfortunately pretty much everything else about inflation—a red hot topic these days—is conjecture. And that’s vexing, not just for the dismal scientists (aka economists), but for all of us, because whether or not prices are really rising, by how much and for how long, has… Source link

Ben Simmons‘ future with the Philadelphia 76ers likely rests on their mutual success in Game 7. If Simmons had performed to the level his résumé might suggest — three straight All-Star selections, two consecutive All-Defensive first-team nods and a third-team All-NBA bid last season — the Sixers would not be in this mess, facing another win-or-go-home game against an inferior team in the second round.  There is no couching that fact. His defense is not the problem. That is a weapon… Source link

Searchers on Friday spent a second day scouring a North Carolina river for a 30-year-old woman and a 7-year-old boy missing since they went over a dam during a family float trip. Three people, including a 14-year-old, were found dead Thursday after nine relatives on inflatable tubes in the Dan River went over the dam around nightfall Wednesday, the Rockingham County Sheriff’s Office said. Four people were rescued, and two others, Teresa Villino, 30, and Isiah Crawford, 7, remained missing, the… Source link

Sang Ho Baek appeared in seven games for the Patriots last season, his first at George Mason. He died on Saturday. (Gregory Fisher/Icon Sportswire via Getty Images) George Mason freshman pitcher Sang Ho Baek died on Saturday, the school announced. He was 20. “We are devastated by the passing of Sang,” head coach Bill Brown said in a statement. “Sang was an incredible teammate who was loved by everyone associated with Mason baseball. He will be missed and forever cherished in our hearts. Right… Source link

BERKELEY, Calif. (Reuters) – Long-time Tesla Inc executive and president Jerome Guillen, who left the company earlier in June, has sold an estimated $274 million worth of shares after exercising stock options since June 10, according to a filing with the Securities and Exchange Commission (SEC). The filing, which was submitted to the SEC on Tuesday, said that Guillen expected to sell 215,718 shares for $129 million that day, and that he offloaded another 145,289 stocks worth $89.6 million on… Source link

Over 5 decades ago, police raided the Stonewall Inn, a gay club in New York City Greenwich Village. The events that followed fueled the modern lesbian, gay, bisexual, trans (LGBTQ+) rights moment. And as the Big Apple was walloped last year by the COVID-19 pandemic, the historic club — like many other small business and cultural mainstays in the city — found itself in dire financial straits. Currently, New York City is in the midst of a revival, and celebrating Pride Month. Yet back in… Source link

For a few hours Thursday, banned runner Shelby Houlihan still had a shot at making the Olympic team. Despite her ban, Houlihan was initially set to run in both the 1,500 and 5,000 meters events at the Olympics trials Friday. That’s not going to happen anymore. U.S. Olympics stepped in and said it would uphold any ruling upheld by the Court of Arbitration for Sport, according to USA Today. In a statement provided to USA TODAY Sports, USOPC chief executive officer Sarah Hirshland said the USOPC,… Source link

TORREY PINES, Calif. — Let’s start with the hat — black, with a swan on it. “This is just my golf club back home,” Richard Bland said. “I don’t have a hat kind of deal at the minute. So if anyone is offering …” The guy co-leading the U.S. Open (along with Russell Henley) doesn’t have a hat deal. And that’s just the start of it. If you’re wondering who the hell Richard Bland is, well, join the club. He’s not some newcomer. He’s a 48-year-old Englishman. He played his… Source link

(Bloomberg) — Nvidia Corp. notched a small decline after touching an all-time high Friday amid growing anticipation about whether the chipmaker will win regulatory approval for its proposed acquisition of Arm Ltd. The stock rose as much as 3.9% before erasing the gains to close down 0.1%. So far in June, the stock is up more than 14%, putting it on track for its biggest one-month gain since August. The month’s advance started after Nvidia Chief Executive Officer Jensen Huang said he remains… Source link