Yahoo News

The coronavirus pandemic driven boom for new homes and the aggressive remodeling of existing ones by homeowners during quarantine continues to put serious upward pressure on prices for everything from plywood to copper pipes at the major home improvement retailers.  “Similar to what we reported in our previous three quarters, the growth in our comp average ticket was driven by elevated project demand, customers trading up to new and innovative products and continued inflation in many product… Source link

Bloomberg CNN Dodges Risk of MSNBC Tie-Up as AT&T Opts for Discovery (Bloomberg) — For months, Wall Street has called on AT&T Inc. to shed its media assets, including CNN, arguing that investors prefer companies with a singular focus.On Monday, AT&T finally relented, announcing that CNN and its corporate siblings will be joining forces with Discovery Inc., home of networks like HGTV, Food Network and TLC.For CNN, the deal could provide a number of strategic advantages — and avoids the… Source link

The Crypto Fear and Greed Index, a metric that measures the current sentiment in the bitcoin market, has fallen to “extreme fear” levels not seen since April 2020, a report Tuesday showed. The drop in market sentiment follows the past week’s plunge in the bitcoin (BTC) price to about $43,200, down from last month’s record near $65,000. The Crypto Fear and Greed Index is now at 21, down from a “greedy” level of 73 just last week, according to the report from hosting site Alternative… Source link

Wall Street is slicing and dicing the investment thesis on AT&T following its blockbuster sale of WarnerMedia to Discovery on Monday, and is coming to the conclusion there is really no reason to be optimistic on the stock in the medium-term.  Shares of the soon-to-be telco plunged as much as 7% in Tuesday trading as investors questioned the long-term outlook for the company.  “For AT&T investors, while we view this transaction, and the February announcement that it would sell DirecTV, as… Source link

Special to Yahoo Sports Yahoo recently launched their fantasy football best ball leagues, a format that requires no in-season management — no waiver wire, no trades, no setting lineups. Instead, your highest-scoring players are optimized to form your starting lineup. Leagues are decided by cumulative season points rather than head-to-head matchups. [Join a Yahoo Fantasy Best Ball league this football season] Yahoo Best Ball League Settings Yahoo best ball leagues are half-PPR, 17-man rosters… Source link

CDC Director Dr. Rochelle Walensky sat down with Yahoo Finance’s Anjalee Khemlani to discuss the CDC’s latest mask guidance, her thoughts on vaccine administration, and the U.S. responsibility to help other countries manage their own surges. Video Transcript [MUSIC PLAYING] ANJALEE KHEMLANI: What’s going on with regard to new mask rules that came out last week? And joining me now is CDC Director Dr. Rochelle Walensky. Dr. Walensky, thank you so much for joining me today. ROCHELLE WALENSKY:… Source link

Bloomberg Novogratz Says Bitcoin Risks Being Under Pressure for Weeks (Bloomberg) — Bitcoin is likely to remain under pressure for weeks after tumbling about 35% since hitting a record high last month, according to one of the biggest investors in the largest cryptocurrency.“I think we are going to consolidate for a while, four to six weeks,” Michael Novogratz, chief executive officer of Galaxy Digital LP, said in an interview, calling a $40,000-to-$50,000 price range fair.Bitcoin fell as… Source link

Mike Colyer leads one of North America’s biggest crypto mining companies, Foundry. Owned by Digital Currency Group (CoinDesk’s parent company), the startup emerged in 2019 and has quickly come to exemplify a trend: the comeback of U.S. crypto mining after years of living in the shadows of China’s greater hash power.  We caught up with Colyer for a preview of his thoughts on the China vs. U.S. rivalry in bitcoin mining, institutional adoption and the controversial concept of “clean… Source link

TOKYO — Yahoo Japan, owned by Z Holdings, has begun providing a free artificial intelligence technology to clients, including its rivals, that can assess instantly if comments posted in Japanese on online forums are appropriate. Three companies, including social media-based news website NewsPicks, have adopted the cutting-edge technology that analyzes within a second comments that are posted online. The technology can also be applied by companies to take action to delete inappropriate… Source link

TOKYO — Yahoo Japan has begun providing to clients, and even its rivals, a free service that uses artificial intelligence to determine if comments posted in Japanese on online forums are appropriate to its clients. The service will then allow the client companies to delete the posts or warn writers if they are deemed to be defamatory. Three companies, including social media-based news website NewsPicks, are the first since Yahoo launched the service in September to adopt the… Source link