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Congress is saying “I Knew You Were Trouble” to Live Nation Entertainment (LYV). Capitol Hill ramped up its fight against the parent company of Ticketmaster during a Senate Judiciary Committee hearing on Tuesday following November’s fiasco with Taylor Swift concert tickets. The hearing included testimony from high-profile witnesses such as Live Nation Entertainment President and CFO Joe Berchtold, SeatGeek CEO Jack Groetzinger, and JAM Productions CEO and President Jerry Mickelson, among… Source link

Walmart (WMT) announced plans to hike its average hourly pay to more than $17.50 on Tuesday. In a statement to U.S. employees, Walmart U.S. CEO and President John Furner said “starting next month, we’ll begin investing in higher wages for associates.” He added: “This includes a mixture of associates’ regular annual increases and targeted investments in starting rates for thousands of stores, to ensure we have attractive pay in the markets we operate. We expect these raises will bring our… Source link

U.S. stock futures wilted Tuesday morning after back-to-back gains as investors evaluated another round of corporate earnings results. Futures tied to the S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) each fell roughly 0.3%. Contracts on the technology-heavy Nasdaq Composite (^IXIC) were off by 0.4%. Among specific names in focus early Tuesday, General Electric’s (GE) stock pushed higher in pre-market trading after the industrials company delivered an upbeat profit forecast, citing… Source link

Veteran web company Yahoo! has emerged as the most imitated brand in phishing attacks over the last three months of 2022, according to Check Point’s quarterly Brand phishing report, which highlights the organisations most frequently exploited by cyber criminals when trying to steal personal or credit card data. Check Point’s research unit says it observed a 23% spike in illegitimate use of Yahoo!’s branding, accounting for 23% of all noted attempts. This appears to have been the… Source link

Farmers Insurance Open La Jolla, CaliforniaTorrey Pines (South Course) – Par 72 – 7,765 yardsTorrey Pines (North Course) – Par 72 – 7,258 yardsField – 156 entrantsPurse – $8.7M The Preview The birdie-fest haters are licking their chops for what projects to be a difficult setup at Torrey Pines, where the Farmers Insurance Open hosts a full 156-man field that should expect to see nearly four-inch rough, lining narrow fairways into small poa greens on the extremely long South Course. An abnormal… Source link

Intel (INTC) may report another negative earnings surprise when it reports fourth-quarter results and guidance on Thursday, according to Citi. “We expect Intel to guide below the normal seasonal range for 1Q23 revenue and EPS given continued weakness in the PC and data center end markets,” Citi chips analyst Chris Danely wrote in a new client note on Tuesday. “We expect Intel to give full year guidance and talk about a 2H23 recovery but we do not believe it will happen until 2024 and our… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, January 24, 2023 Today’s newsletter is by Julie Hyman, anchor and correspondent at Yahoo Finance. Follow Julie on Twitter @juleshyman. Read this and more market news on the go with the Yahoo Finance App. One of the regular charges leveled at participants of the World Economic Forum in Davos is they talk a big game on climate change…… Source link

Let the incessant retirement speculation begin. Or continue, really, if we’re being honest. Tom Brady‘s season is over, so it’s time to wonder “what if?” until he makes the call on his NFL future. The 45-year-old future Hall of Famer addressed the topic Monday on his “Let’s Go!” podcast alongside interviewer Jim Gray — even though he apparently didn’t want to. Around 12:30 into Monday’s episode, Gray asked Brady if he had a timetable for deciding whether to retire from football. Here’s… Source link

Pamela Anderson’s book and documentary are available Jan. 31. (Photo: Dia Dipasupil/Getty Images) Tim Allen shot down Pamela Anderson‘s story, published in her upcoming book, Love, Pamela, that he flashed her on her first day working on Home Improvement. “No, it never happened,” he said Monday in a statement to Yahoo Entertainment. “I would never do such a thing.” Soon afterwards, Anderson gave her own comment on the matter to Vanity Fair, insisting that her account is correct: “This true story… Source link

Real estate agents confirm what housing data is starting to show: More homebuyers are emerging from their self-imposed hibernation. The volume of mortgage applications for home purchases rose 25% week over week, the Mortgage Bankers Association (MBA) survey for the week ending Jan. 13 found. Housing sentiment ticked higher at the end of last year, per Fannie Mae. And home builders are reporting an increase in buyer traffic in January, the first uptick since December 2021, according to an… Source link