Yahoo News

The big takeaway from the past week in business news is that A) secretly released documents show that billionaires aren’t paying their fair share in taxes. (Gee, you think?) And meanwhile, B) hotels and restaurants and other businesses can’t find enough people to work as maids and dishwashers, etc. If that doesn’t get your “hmmm” juices flowing, I don’t know what will. Let me explain by first going through the A and B elements and then speak to how they’re connected.  The billionaire… Source link

The coronavirus crisis saw extreme whipsawing in the market with the fear and chaotic climate of the spring of 2020 providing a challenge to long-term investors, daring them to stay the course. But according to this year’s edition of “How America Saves,” Vanguard’s insights show that many of the new retirement saving measures helped ward off rash – and potentially expensive – decisions. Vanguard said that over the last 15 years the increased adoption of target-date funds has led to a 75%… Source link

Yahoo’s front page is interesting. There is a sort of rinse, repeat and regurgitate theme to what they post about. I say post, because I cannot even bring myself to say the words “write” and “Yahoo” in the same sentence. For me it seems like an oxymoron.   They like to build up the celebrity, or reality TV celebrity…wait, is there even a difference anymore? After all we’ve democratized fame so much that a mere vote allows one to rise to star status; regardless of the… Source link

AUSTIN, Texas (AP) — Police have arrested one suspect and are searching for another after a mass shooting on a crowded downtown Austin street left 14 people wounded early Saturday, two of them critically. The Austin Police Department said in a news release that the U.S. Marshals Lone Star Fugitive Task Force assisted in making the arrest, but it provided no other details other than to say it is continuing to follow up on leads for the suspect still at large. Interim Police Chief Joseph… Source link

Bronny James made his return Friday night for Sierra Canyon in front of his father and Drake. (Krysten Peek/Yahoo Sports) CHATSWORTH, Calif. — Los Angeles Lakers star LeBron James didn’t make the second round of the NBA playoffs for the first time in 14 seasons after the Phoenix Suns eliminated the defending champions in six games last week. The Los Angeles Clippers are still in the playoffs (and playing at home tomorrow night) but it was the CIF Southern Sectional Finals between Sierra… Source link

Lamar Odom had little trouble with Aaron Carter. (Photo by Paras Griffin/Getty Images) Lamar Odom was once a professional basketball player and Aaron Carter was once a pop star. The pair spent Friday taking part in the most present of trends, a celebrity boxing match. To the surprise of few, the bout ended with the 6-foot-10 man beating up the man who is not 6-foot-10, with Odom defeating Carter via second-round TKO.  The footage of the fight is, um, bleak: Odom’s strategy for the fight… Source link

The note left by First Officer Chris Dennis in a Delta plane parked at the Victorville Airport. Delta Air Lines A Delta first officer discovered an early-pandemic letter left by a fellow pilot on a parked aircraft. The note, which was written in March 2020, predicted there would be “light … at the end of the tunnel.” “Amazing how fast it changed,” First Officer Chris D. wrote more than 400 days ago. Visit Insider’s homepage for more stories. As the world starts to creep back to normality after… Source link

(Bloomberg) — After weeks of profiting from the stock and debt of AMC Entertainment Holdings Inc., hedge fund Mudrick Capital Management ended up with a 5.4% loss after a derivatives bet went haywire. The fund, which specializes in distressed debt, suffered the losses on AMC after day traders pushed the movie theater’s shares up as much as 127% on a single day, derailing call options Mudrick had sold on AMC shares to hedge exposure to the company, according to a person with knowledge of… Source link

 On Friday, the fans at Roland-Garros and the viewers watching on TV were treated to all-timer clay court match between two of the greatest men’s tennis players in the history of the game. Rafael Nadal and Novak Djokovic played their hearts out for more than four hours in what might be one of the greatest tennis matches in recent memory. But someone had to win. And it was Djokovic who was left standing at the end, beating Nadal 3-6, 6-3, 7-6 (7-4), 6-2. He figured out how to beat Nadal on… Source link

The Justice Department was recently able to recover $2.3 million worth of bitcoin (BTC-USD) extorted from Colonial Pipeline, suggesting that digital currency may not always be the best tool for criminals. “It’s not intuitive to a lot of people, but it’s a thing that the public is learning more and more,” Hunter Horsley, cofounder and CEO for Bitwise Asset Management, said about the rise in recovery of stolen cryptocurrency, such as part of the bitcoin ransom paid by Colonial Pipeline to… Source link