Yahoo News

Jaren Jackson Jr. and the Grizzlies host the Cavaliers on Wednesday night. We’re set for a nine-game slate Wednesday night that features plenty of what should be highly competitive games. There are three contests between teams with .500 or better records and several others featuring teams hovering right around the .500 mark. As customary, we’ll highlight multiple advantageous positional matchups to exploit at each position for your Yahoo Fantasy lineups, as well as a good trio of… Source link

The dome of the Capitol. (Kent Nishimura/Los Angeles Times via Getty Images) The ceiling on the amount of debt the federal government can issue to fulfill financial obligations is fast approaching, but the Republican-controlled House has signaled that it’s prepared for another round of financial brinkmanship, with Speaker Kevin McCarthy endorsing a push by ultraconservatives to demand spending reductions as part of any extension of the federal government’s borrowing authority. These… Source link

This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Wednesday, Jan. 18, 2023 Apple’s decision to design its own components could mean better designs and sales Apple (AAPL) on Tuesday debuted its latest MacBook Pro and Mac mini line of computers. And while the systems look similar to their predecessors on the outside, it’s what inside that counts…. Source link

Billionaire investor David Rubenstein is the latest Wall Street titan raising doubts about the Federal Reserve’s ability to reach its current inflation goals. “I think the Fed will probably target inflation down to about 3%, not 2%,” the founder and co-chairman of private equity giant The Carlyle Group said in an interview with Yahoo Finance Live at the World Economic Forum in Davos, Switzerland Wednesday. Rubenstein also had a notably more optimistic tone about the outlook for the economy Source link

Look for Houston’s Alperen Sengun during Wednesday night’s matchup against the Hornets. The NBA storms back from a quiet Tuesday with nine games on the schedule Wednesday. There are several exciting matchups, including the Grizzlies hosting the Cavaliers. The Grizzlies are on a 10-game winning streak, which should make things difficult for a Cavaliers team that is only 9-13 on the road. To complicate matters, Donovan Mitchell (groin) is listed as doubtful. Another exciting game will… Source link

The total market capitalization of cryptocurrencies rose above $1 trillion on Wednesday morning for the first time since November 8. This latest rally in crypto has been led by bitcoin (BTC-USD), which briefly spiked to as high as $21,501 as of 9:15 a.m. ET. Bitcoin is up more than 20% from where it traded just one week ago and has gained roughly 30% so far this year. Shortly after hitting his milestone, crypto prices dropped along with broader markets. Near 12:20 p.m. ET, bitcoin was trading… Source link

Confidence among U.S. single-family home builders rose in January for the first time in a year, ending a 12-month stretch of declines and potentially signaling a turning point in the housing market. The National Association of Home Builders/Wells Fargo’s gauge of builder sentiment increased 4 points this month to 35, figures released Wednesday showed. Still, any figure below 50 is considered negative. “Probably past the worst, but a sustained improvement will have to wait,” Kieran Clancy,… Source link

DAVOS, Switzerland — Economist Nouriel Roubini is ratcheting up his fiery commentary on the stricken cryptocurrency industry, particularly toward FTX and its now-disgraced founder, Sam Bankman-Fried, commonly known as SBF. “FTX and SBF are not an exception — they’re a rule,” the NYU professor, who is known as “Dr. Doom” for his dire perspectives on global trends, said on Yahoo Finance Live at the World Economic Forum in Davos, Switzerland, on Wednesday (video above). “Literally 90% of… Source link

DAVOS, Switzerland — Economist Nouriel Roubini is ratcheting up his fiery commentary on the stricken cryptocurrency industry, particularly toward FTX and its now-disgraced founder, Sam Bankman-Fried, commonly known as SBF. “FTX and SBF are not an exception — they’re a rule,” the NYU professor, who is known as “Dr. Doom” for his dire perspectives on global trends, said on Yahoo Finance Live at the World Economic Forum in Davos, Switzerland, on Wednesday (video above). “Literally 99% of… Source link

Microsoft (MSFT) announced on Wednesday that it is laying off 10,000 workers as part of an effort to cut costs at the tech behemoth. The layoffs impact roughly 4.5% of Microsoft’s 221,000 total employees. The cuts are expected to be completed by Microsoft’s fiscal Q3, which ends March 31. Microsoft says the layoffs will result in a $1.2 billion charge, representing -$0.12 per share. The Redmond-based company previously announced layoffs in October, shedding as many as 1,000 jobs, according… Source link