Yahoo News

Buffalo is on the cusp of hiring Michigan co-defensive coordinator Maurice Linguist to become the school’s next head coach, multiple sources told Yahoo Sports. The deal is being finalized and the school could introduce Linguist to the team as soon as Friday night.  Linguist, 37, spent this spring at Michigan after working the 2020 season with the Dallas Cowboys. Throughout a circuitous career that’s seen Linguist work everywhere from the FCS to the NFL and two separate tours in the SEC,… Source link

Back in January, when the world’s second-largest cryptocurrency by market cap, ethereum, was trading at just over $1,200, one investor made the bold call of predicting a spike to the mid-$3,000 level, claiming it was being “overlooked” by investors. Just under five months later, that prediction has already hit with ethereum (ETH-USD) up roughly 400% on the year to cross the $3,500 mark as of Friday afternoon. Now, that same investor, Megan Kaspar, co-founder of the digital asset investment… 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

The Rose Garden in April 2008, left, and May 2021. (Brooks Kraft/Corbis via Getty Images; via Twitter) WASHINGTON — Things are getting thorny in the White House Rose Garden. Just months after then-first lady Melania Trump unveiled her controversial redesign of the beloved space directly outside the Oval Office, some are calling for her successor, Jill Biden, to undo those changes and return the Rose Garden to the celebrated vision realized by the Kennedy administration in 1961. A petition… Source link

Homebuyer sentiment is plummeting amid America’s housing affordability crisis. The red-hot market which has seen housing prices rise at a record pace is not keeping up with the incomes of millions of working Americans. According to Google, the question “when is the housing market going to crash?” has been trending in search, up 2,450% in March, as Americans have been reckoning with the housing affordability crisis. The median household income was $68,703 in 2019, according to the Census… Source link

After a hugely disappointing April jobs report, U.S. Labor Secretary Marty Walsh rejected claims from Republicans and some businesses that enhanced unemployment benefits are keeping workers from going back to work.  The Labor Department reported the U.S economy added back just 266,000 jobs last month, sharply missing economists’ expectations of 1 million.  “266,000 jobs under normal circumstances — and we’re certainly not living in normal circumstances — would be a good month,” said… Source link

Perhaps the most appropriate reaction to the miserable jobs report Friday was “Oh,” tweeted by Pantheon economist Ian Shepherdson. As the U.S. economy has shown signs of ramping up, consensus expectations for the April jobs numbers were high. But instead of the 1,000,000 new payrolls expected, only 266,000 new jobs were posted. A whopping miss. Now, the unemployment rate is 6.1% instead of the expected 6.0%, and last month’s jobs numbers were revised downwards as well, to 770,000 from… Source link

With corporate cash balances looking flush again as businesses recover from the depths of the COVID-19 pandemic, Goldman Sachs (GS) strategist David Kostin thinks a stock buyback “bonanza” is on the horizon.  Kostin estimates a 35% increase in share buybacks this year and a 5% pop in 2022. Share buybacks from U.S. companies through April have tallied $484 billion, more than double the pace at this same point last year. It marks the quickest pace of U.S. buyback announcements to kick off a… Source link

Sen. Elizabeth Warren (D-MA) has questions about cryptocurrency, including whether it takes advantage of smaller investors. The progressive senator also wonders whether bitcoin is too easy to steal. The former presidential candidate has been pushing for government intervention on both of those fronts and, in a conversation with Yahoo Finance’s editor-in-chief, Andy Serwer, this week, she raised another growing concern: the impact on the planet that has come with the rapid growth of… Source link

Facebook Share Twitter Share In a recent edition of the Republican business section  an article appeared concerning the decision by Verizon to divest it’s Yahoo and AOL holdings, “Verizon to see off media brands Yahoo, AOL,” May 4, page A8. The Board of Directors of Verizon approved a $3 million bonus to the current head of Yahoo to assure that he remain in place for six months. Think of the absurdity of that number which works out be about $3 thousand per hour for a 40 hour week during… Source link