Yahoo News

Wall Street mixed at open after selloff

(Reuters) – Wall Street’s main indexes opened mixed on Friday after a brutal selloff triggered by the Federal Reserve and other major central banks raising interest rates heightened recession fears. The Dow Jones Industrial Average fell 14.37 points, or 0.05%, at the open to 29,912.70. The S&P 500 opened lower by 0.87 points, or 0.02%, at 3,665.90, while the Nasdaq Composite gained 51.45 points, or 0.48%, to 10,697.55 at the opening bell. (Reporting by Devik Jain in Bengaluru) Source link

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Yahoo NBA DFS Primer Celtics v. Warriors: Thursday (6/16)

This marks my final NBA article of the season! It’s been a treat to help you guys all year, and I’ve really enjoyed picking up these Yahoo articles along the way. This is one of my favorite DFS sites to play on, and I hope many of you have been making money because of my picks! We have just one or two games remaining in the season, with Boston playing host in this must-win Game 6. Golden State took care of business in Game 5 at home, and it’s time for the Celtics to hold… Source link

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Yahoo launching Metaverse events for Hong Kong residents under restrictions

Yahoo has announced a series of Metaverse and NFT-related activities in Hong Kong, a day after Meta Platforms outlined its own metaverse plans for the region. Yahoo, a US-based internet media company, revealed that it will host a series of virtual events and concerts for Hong Kong residents in the Decentraland metaverse. According to Lorraine Cheung, the head of audience at Yahoo Hong Kong, the company sees the Metaverse as an attractive alternative for Hong Kong residents looking to engage… Source link

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Cowboys owner Jerry Jones not expecting new team in Dallas

Dallas Cowboys owner Jerry Jones has zero reason to worry about competing with another team in North Texas, but that’s not going to stop him from speaking his mind. Dallas mayor Eric Johnson made headlines earlier this week when he once again suggested the NFL give the Dallas-Fort Worth area another franchise. Johnson had previously floated the idea of an NFL expansion team coming to town, but he had a different idea this time. In reaction to news of a brewing Chargers ownership fight, Johnson… Source link

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The lengths Robert Williams III has gone to play in 2022 NBA playoffs, including having knee drained

BOSTON — Robert Williams III has his good days and his bad days. The Boston Celtics big man underwent surgery on March 30 after suffering a torn meniscus in his left knee. He returned to action for Game 3 of the opening-round series against the Brooklyn Nets in just under a month. Ever since then, he has been listed as questionable leading up to each game he’s participated in the 2022 NBA playoffs. His availability status has not been a protective strategy to throw off the opposition. Team… Source link

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Biden and the oil industry are talking past each other

Remember the outrage when a handful of U.S. oil refineries closed in 2020? If you don’t, that’s because there wasn’t any outrage. Oil and gasoline prices were blissfully low and the COVID-19 pandemic dominated the news. Hardly anybody noticed. Energy investors certainly did, however, because 2020 was one of the worst years in history for energy producers. Exxon Mobil notched the first loss in its history, a gigantic $22 billion write-off. The five biggest U.S. oil refiners — Marathon… Source link

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Wall Street Sounds a Louder Recession Call After Fed Rate Hike

(Bloomberg) — Analysts increasingly see a recession looming in the US following the Federal Reserve’s biggest increase in interest rates since 1994 and signs of weaker consumer spending. Most Read from Bloomberg The Fed hiked its policy rate by 75 basis points Wednesday to a range of 1.5% to 1.75%, as officials intensified their battle against inflation that’s remained stubbornly high. Wells Fargo & Co. now forecasts a “mild recession” starting in mid-2023, as inflation becomes more… Source link

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Crypto giant Kraken offers 4 months’ pay for employees who don’t agree with its libertarian principles to leave

Jesse Powell is the founder and CEO of crypto exchange Kraken.Kraken Kraken’s CEO is offering four months’ pay for employees who don’t agree with his values to leave. The program is dubbed “Jet Ski,” and employees have until June 20 to take part, the New York Times reported. “We want it to feel like you are hopping on a jet ski and heading happily to your next adventure!” read a memo about the project. Kraken, one of the world’s largest cryptocurrency exchanges, will pay employees four months’… Source link

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Russia extends Brittney Griner’s pre-trial detention

More than 100 days after her arrest at a Moscow airport, Brittney Griner still doesn’t have a trial date. A Russian court extended the WNBA star’s pre-trial detention for a third time on Tuesday, this time until at least July 2, according to a Russian state media agency. The delays are officially to grant prosecutors more time to gather evidence even though the investigation in this case appears relatively straightforward. The only witnesses seem to be Griner and the airport customs… Source link

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