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U.S. stocks ascended Wednesday as Wall Street counted down to a crucial inflation reading and big bank earnings later this week. The S&P 500 (^GSPC) rose 0.9%, while the Dow Jones Industrial Average (^DJI) added nearly 200 points, or 0.6%. The technology-heavy Nasdaq Composite (^IXIC) advanced 1.2%. U.S. Treasury yields pared their move higher from the previous session, with the benchmark 10-year note falling below 3.6%. The U.S. dollar index also retreated. Wells Fargo (WFC) was among… Source link

BlackRock (BLK), the world’s largest asset manager, will lay off about 500 employees — or roughly 3% of its workforce — according to an internal email seen by Yahoo Finance. The investment giant joins a growing number of Wall Street firms trimming their headcount after last year’s market rout and as Corporate America ramps up hiring freezes and job cuts. “This week, after meaningful headcount growth in recent years, we are making some changes to the size and shape of our workforce,” CEO… Source link

World Wrestling Entertainment (WWE) stock fell on Wednesday after briefly spiking amid a report that Saudi Arabia’s Public Investment Fund (PIF) fund was buying the company. A person familiar with the matter told Yahoo Finance it hasn’t sold itself to Saudi Arabia’s Public Investment Fund or another entity. Early reports on Wednesday, most prominently from DAZN’s Steven Muehlhausen, asserted that a deal to PIF was imminent. The original tweet was deleted. Matt Riddle enters the arena on a… Source link

Analysts at Bank of America raised their rating on shares of three homebuilder stocks in a note out on Wednesday amid expectations mortgage rates will drop, materials costs will fall, and home prices will avoid a crash in 2023. In a new note to clients, Rafe Jadrosich at Bank of America Global Research upgraded shares of Lennar (LEN) to Neutral from Underperform with a price target of $102, up from $92, while raising shares of PulteGroup (PHM) to Buy from Neutral with a price target of $60,… Source link

Katie Austin opens up about creating an “un-intimidating” fitness brand. (Photo courtesy of Sports Illustrated Swimsuit; designed by Quinn Lemmers) It Figures is Yahoo Life’s body image series, delving into the journeys of influential and inspiring figures as they explore what body confidence, body neutrality and self-love mean to them. If Katie Austin has learned one thing as one of Sports Illustrated Swimsuit‘s 2022 Rookies of the Year, it’s that comparison gets you nowhere when it comes to… Source link

Microsoft ChatGPT does more than just act as a search and learn information dynamic ⁠— it claims to be able to create what you want, in seconds. Photo: Jakub Porzycki/NurPhoto via Getty Microsoft (MSFT) is going all in on ChatGPT, an artificial intelligence (AI) technology that could power a new search engine that could disrupt the dominance of Google (GOOG). News site Semafor reported on Tuesday that Microsoft is investing $10bn (£8.2bn) in OpenAI, the artificial intelligence firm that… Source link

We all know that the Bed Bath & Beyond (BBBY) retail chain is in such big trouble that it’s likely to file for bankruptcy. But what most people don’t know is this: A major reason the company is so messed up is that when it comes to its own stock, the company violated a key rule of retailing — buy cheap. Would you believe that Bed and Bath has spent more than $11.7 billion to buy back almost three quarters of its own stock? At an average cost about 15 times the stock’s current price?… Source link

We all know that the Bed Bath & Beyond (BBBY) retail chain is in such big trouble that it’s likely to file for bankruptcy. But what most people don’t know is this: A major reason the company is so messed up is that when it comes to its own stock, the company violated a key rule of retailing — buy cheap. Would you believe that Bed and Bath has spent more than $11.7 billion to buy back almost three quarters of its own stock? At an average cost about 15 times the stock’s current price?… Source link

U.S. stocks ascended at Wednesday’s open as Wall Street counted down to a crucial inflation reading and big bank earnings later this week. The S&P 500 (^GSPC) rose 0.5%, while the Dow Jones Industrial Average (^DJI) added 130 points, or 0.4%. The technology-heavy Nasdaq Composite (^IXIC) also advanced by roughly 0.4%. U.S. Treasury yields pared their move higher from the previous session, with the benchmark 10-year note falling below 3.6%. The U.S. dollar index also retreated. Wells Fargo (WFC)… Source link

Sony Open in Hawaii Honolulu, HawaiiWaialae Country Club – Par 70 – 7,044 yardsField – 144 entrantsPurse – $7.9M The Preview The Hawaiian Swing’s alluring backdrop transitions from Maui to the shores of O’ahu as Honolulu’s Waialae Country Club has remained the host of the Sony Open since its inception in 1965. The first noticeable contrast from last week’s Sentry Tournament of Champions to this week’s event lies in the field size and strength. There’s less firepower in attendance at Waialae,… Source link