Yahoo News

(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

(Bloomberg) — The latest steep selloff in commodities markets is a buying opportunity, according to Jeff Currie at Goldman Sachs Group Inc., one of the sector’s biggest bulls. The Bloomberg Commodity Spot Index slumped 3.6% Thursday for its biggest one-day drop in almost 14 months, with soybeans and platinum giving up their gains for the year. The complex has been hit by several bearish factors: the Federal Reserve’s signals on potential interest-rate increases, plus a stronger dollar,… Source link

Former President Donald Trump endorsed the primary opponent of Republican Sen. Lisa Murkowski on Friday, months after the Alaska moderate voted to convict him on a charge of incitement of insurrection. “Lisa Murkowski is bad for Alaska,” Trump said in a statement. He cited Murkowski’s vote to approve President Biden’s choice for interior secretary, Deb Haaland, who was later confirmed, as the reason for his decision, stating that Murkowski’s approval was tantamount to voting to kill… Source link

As lawmakers offer dueling infrastructure proposals in an effort to get a bipartisan bill across the finish line, New Mexico Senator Martin Heinrich (D) is looking to a different option: pushing forward with the president’s climate priorities, through budget reconciliation. In an interview with Yahoo Finance Live, Heinrich said the infrastructure package and climate initiatives will likely “move in parallel” given the lack of Republican support for a broader $2 trillion proposal, focused… Source link

Bitcoin declined about 5% over the past 24-hours as the price broke below $36,000 support. The world’s largest cryptocurrency by market capitalization is still up about 23% year-to-date, although some traders are concerned about the looming ‘death cross,’ which could indicate a shift from a bullish to bearish price trend. The death-cross is defined by a cross of the 50-day moving average below the 200-day moving average, which could occur over the weekend. Still, some analysts remain… Source link

WASHINGTON — President Biden doesn’t believe the U.S. will see any new lockdowns in the coming months, even as he warned about the new Delta variant of the coronavirus, which is much more transmissible than other versions of the pathogen. That variant originated in India and took hold in the U.K. during the course of the spring. Its rapid proliferation led British Prime Minister Boris Johnson to delay full reopening by a month. That reopening was supposed to take place on June 21, only to… Source link

Welcome to the MLB Yahoo Cup Hot Corner! This free-to-enter, single-entry contest consists of 27 rounds where the top 1,075 overall entries and the top 70 entries per round share $10,000, with $1,000 to first and $50 to first per round. Scoring will be cumulative across all rounds, with your seven lowest scores dropped at the end. You may join this multi-round MLB DFS contest at any point, but enter today to give yourself the best chance to take home the title. Click here to begin the… Source link

Yahoo Mobile is an MNVO (mobile network virtual operator) that sold mobile services backed by Verizon’s network. Last month, Verizon announced it would sell its media group, which included AOL and Yahoo website properties and brands. As a result of the sale, the Yahoo Mobile network is being shut down. The network was not particularly a popular one and the device selection was quite slim. A new page on the Yahoo Mobile site explains that “Verizon has decided to separately sell the… Source link

Amazon’s (AMZN) annual celebration of consumerism, Prime Day, is nearly here. Running from June 21 to June 22, the shopping event, which will feature concerts by Billie Eilish, H.E.R., and Kid Cudi, is certain to offer plenty of sales, and rake in billions for the e-commerce giant. During last year’s Prime Day, which was pushed to October due to the pandemic, sales by third-party sellers surpassed $3.5 billion. Amazon didn’t release total sales numbers for the event, but research firm… Source link

The Federal Reserve is usually a friend to presidents, keeping inflation in check and the economy humming. But the Fed under current chair Jay Powell is beginning to cause President Biden some headaches, as it struggles to assess unusual economic developments. The Fed this week surprised nearly everybody by signaling earlier interest rate hikes than in prior forecasts. The prevailing view at the Fed is now that the central bank will raise rates twice by the end of 2023. The prior outlook,… Source link