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U.S. stock futures pointed to gains at Tuesday’s open as Wall Street returned from the long holiday weekend to barrel through the final four trading days of 2022. Futures tied to the S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) each advanced 0.7%. Contracts on the technology-heavy Nasdaq Composite (^IXIC) were up 0.5%. A move by China to scrap quarantine requirements for inbound travelers beginning Jan. 8 gave sentiment a boost, with the country broadening its reopening after… Source link

Melaji Vaghela worked in India’s Border Security Force Police in the western Indian state of Gujarat have arrested seven people for allegedly beating a soldier to death. Melaji Vaghela was attacked after he protested against a video of his teenage daughter being posted online, according to the police complaint. The complaint says the video went viral after it was uploaded. The alleged attackers are family members of a teenage boy whom Vaghela accused of uploading the video. Vaghela’s wife and son… Source link

The Bitcoin network hashrate has dropped by more than 38.8% from its peak on Wednesday, as many U.S.-based miners have been forced to switch down their facilities due to deadly blizzards. See related article: British Columbia suspends new electricity connections for crypto miners Fast facts Bitcoin hashrate, the level of computing power used for mining and processing transactions, came in at 155.28 exahashes per second on Saturday, down from 253.88 exahashes on Wednesday, according to data from… Source link

The government spending bill that was just passed through the Senate and awaits approval from Congress is estimated to total nearly $1.7 trillion. While it will fund a variety of initiatives like aid to Ukraine and enhanced retirement savings, it will not extend “accelerated depreciation” tax breaks, which were initiated during the Trump administration and seen by many as corporate tax cuts. Read more. Source link

Most of the league plays Saturday in Week 16, but Christmas Sunday offers a three-game fantasy slate beginning at 1:00 p.m. EST. First, the Packers visit the Dolphins for a battle between teams currently on opposite sides of their respective Conferences’ playoff bubbles. Then, the Broncos and Rams face off in a clash between arguably the two most underwhelming teams relative to expectations this season. To cap things off, the Buccaneers will look to get back on track against the banged-up… Source link

As layoffs in the tech industry accelerate into the year-end, some workers and their families are having to scramble to find a job and remain in the U.S. More than 150,000 people have lost jobs in the industry so far as companies look to course correct after years of high growth and high costs. And a third of those job losses have come just within the last month, according to Layoffs, an online site that tracks tech layoffs. While job cuts usually entail workers brushing off their résumés in… Source link

A devastating combination of conditions — hiked mortgage rates, high construction costs, and low inventory levels — has hammered the housing market this year. “We firmly believe that we’re in a housing recession right now,” Jerry Howard, CEO of the National Association of Home Builders, told Yahoo Finance Live (video above), noting that he’s “particularly concerned with the first-time homebuyer quadrant.” The share of first-time homebuyers dipped to 26% from 34% just a year ago,… Source link

A former U.S. Court of Appeals judge who played a critical role in the Jan. 6 committee hearings said he is confident that a potential criminal conviction of former President Donald Trump would be upheld by the Supreme Court and any judge would have no choice but to sentence Trump to federal prison. “I don’t know that a district judge would have any choice but to sentence the former president to imprisonment under the terms and provisions of these various offenses,” retired U.S. Court… Source link

Former President Donald Trump loses vast amounts of money. Yet he lives a gilded lifestyle and never runs short of the cash needed to pay lawyers perpetually defending him against charges large and small. How does he do it? We’re gradually finding out, now that Congress has obtained six years’ of Trump’s tax returns from the IRS. Democrats investigating Trump’s finances haven’t yet released the full returns, but they’ve published two reports that provide an overview of Trump’s… Source link

More pain for investors lurks in 2023, warns the strategy team at BlackRock. In a new report, BlackRock contends that stock valuations don’t yet “reflect the damage ahead.” The money manager says it will “turn positive on equities” when it believes valuations fully reflect the “damage” on the horizon. One of the lead authors of the report — strategist Wei Li — told Yahoo Finance Live (video above) investors need to be on high alert for several factors that could bring the S&P 500 back… Source link