Yahoo News

With the NBA going all-in on an All-Star Game and its other marquee events on March 7 in the midst of a pandemic, the league understandably has found garnering participants more problematic than usual. One player who could have made an impact, New Orleans Pelicans young star Zion Williamson, will not participate in the Slam Dunk Contest, sources told Yahoo Sports on Tuesday. Players are eager to spend the All-Star break with friends and family. This year, the enticement to travel to Atlanta… Source link

TipRanks Goldman Sachs Predicts Over 50% Rally for These 2 Stocks Stocks started this year with heft gains, edged back last week, and now are rising again. The big tech giants led the moves, with volatility in Apple and Amazon leading the NASDAQ on its gyrations. The strategy team at investment bank Goldman Sachs have taken notice of the market shakeups, and are working out what it means for investors. According to macro strategist Gurpreet Gill, watching bond yields and stock values closely,… Source link

TipRanks JPMorgan Bets on These 3 Stocks; Sees Over 50% Upside Potential It’s time to check in with the macro picture, to get an idea of just where markets are headed in the coming months. That’s what a JPMorgan global research team, headed up by Joyce Chang, has been doing. The JPM team starts by noting the sell-off in US Treasury bonds last week, pushing up yields as investors acted in response to inflationary fears. However, the rise in bond yields steadied on Friday, and Chang’s team… Source link

(Bloomberg) — Gary Gensler pledged to scrutinize trading apps that have exploded in popularity, signaling the Biden administration’s pick to lead the U.S. Securities and Exchange Commission plans to confront issues central to wild stock swings that have shocked Wall Street and Capitol Hill. Gensler, testifying during a Tuesday confirmation hearing before the Senate Banking Committee, said a top concern is that upstart technologies are prompting less sophisticated investors to take risks… Source link

The ongoing union vote at an Amazon (AMZN) warehouse in Bessemer, Alabama, has drawn attention in recent days from President Joe Biden, actress Tina Fey, and Georgia Democrat Stacey Abrams, among many others. Despite the national spotlight, workers at the warehouse continue to endure grueling and unsafe working conditions as well as aggressive anti-union propaganda, said Stuart Appelbaum, president of the Retail, Wholesale and Department Store Union, which has organized the union drive. “It’s… Source link

Bloomberg China Fintech Curbs That Hit Ant Were No Surprise: Ping An (Bloomberg) — China’s curbs on fintech that thwarted a massive stock sale by Ant Group Co. have been under consideration for years and weren’t a surprise to those in the industry, according to an executive at China’s biggest insurer by market value.Like Ant, Ping An Insurance (Group) Co. was in the midst of planning a public listing for a fintech unit when regulators began issuing a flurry of rules to contain the… Source link

(Bloomberg) — U.S. stocks pared losses as Treasuries stabilized after a recent spike in yields spurred speculation about excessive optimism among equity investors. The S&P 500 came off session lows as gains in commodity producers and banks offset a slide in technology companies. Giants Apple Inc., Microsoft Corp. and Tesla Inc. dragged down the Nasdaq 100, while the Russell 2000 of small caps underperformed. The Dow Jones Industrial Average fluctuated. Bullishness among Wall Street… Source link

Monthly stimulus checks may be on the way for families later this year Almost a full year into the global pandemic, families across the U.S. are struggling to make ends meet — and more children are going hungry, advocates say. To fight child poverty that has worsened during the current crisis, a proposal in Congress would temporarily increase the child tax credit in a way that would essentially provide families with another set of stimulus checks, beyond the third, $1,400 relief payments now… Source link

TOKYO — Popular chat app Line will expand in Asia by tailoring the platform to the demands of each market, the joint chief executives of the newly merged parent company told Nikkei in an interview Tuesday, making local hires and acquisitions in order to achieve this. Z Holdings, the SoftBank Group unit that operates Yahoo Japan, completed its consolidation with Line on Monday, announcing plans to invest 500 billion yen ($4.7 billion) over five years to upgrade online services. “The merger… Source link

Yahoo Sports will offer NBABet Stream – NBA Digital’s betting-focused alternative – for a select NBA League Pass game every Friday night for the duration of the 2021 season to further the sports fan experience and bring fans closer to their passions. Yahoo Sports’ Jared Quay and Preston Johnson will host the show and lead the play-by-play… Source link