Yahoo News

The Federal Reserve raised short-term interest rates Wednesday by a half percentage point, slowing down its pace of rate hikes from this summer’s torrid clip. The rate hike brings the Fed’s benchmark policy rate, the federal funds rate, to a new range of 4.25%-4.5%, the highest level since December 2007. Wednesday’s 50 basis point rate hike comes after the Fed raised rates by 75 basis points at each of the past four policy meetings — its most aggressive stretch since the 1980s. “Recent… Source link

Individual investors piled into Tesla (TSLA) on Tuesday, seeing the recent drawdown in shares of the electric vehicle giant as a dip-buying opportunity for their favorite stock. Tesla was the most popular buy among retail traders in Tuesday’s session, according to data from VandaTrack — even as the company missed out on a rally across the broader indexes following a lighter-than-expected inflation report. Shares of Tesla slid 4.1% on Tuesday to close around $161, while the S&P 500, Dow, and… Source link

The U.S. Department of Justice and the Securities and Exchange Commission filed parallel lawsuits against eight social media influencers, alleging they engaged in a pump-and-dump stock manipulation scheme that fleeced their followers out of $100 million. The SEC announced fraud charges on Wednesday against seven self-proclaimed “FinTwit” financial gurus on Twitter: Perry Matlock a/k/a “PJ Matlock;” Edward Constantin a/k/a “Edward Constantinescu” and “MrZackMorris;” Thomas… Source link

Luxury goods mogul Bernard Arnault is now the richest man in the world, bumping Tesla (TSLA) CEO Elon Musk down to the second spot, according to the Bloomberg Billionaires Index. Arnault, who is chairman and chief executive of Louis Vuitton SE or LVMH (LVMUY), has seen more than a $7 billion loss in net worth in 2022 while LVMH stock is off roughly 6.58% during the same time period. It hasn’t been enough to keep him from taking the top spot, though, given that Musk’s net worth has plummeted… Source link

Tesla stock is having a bad year, and a very bad December so far. Shares of the EV maker are down 17% so far this month, according to Yahoo Finance data, and down more than 50% so far in 2022. The stock fell more than 1% in early trading on Wednesday, and the company’s ticker page remains among the most visited on Yahoo Finance as fans of the brand grow increasingly antsy. Analysts point to several factors behind the stunning fall in Tesla’s once indestructible stock price. First, the risk of… Source link

By no means is Wednesday a busy night for the NHL. There are three games taking place, and for whatever reason two of them are Canadian-on-Canadian matchups. Even so, the DFS opportunities are there. Here are some players to target, and to avoid, for your lineups. GOALIE Cam Talbot, OTT vs. MON ($29): In his last start, Talbot got the benefit of hosting the Ducks. He did his job, posting a shutout. This matchup is only slightly trickier. The Canadiens have averaged 2.86 goals and 29.3 shots on… 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 Wednesday, December 14, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market news on the go with the Yahoo Finance app for Apple or Android.Yahoo Finance App. Sam Bankman-Fried, the disgraced founder and former CEO of FTX, has had a bad… Source link

We have our usual robust Wednesday night slate on tap, as 10 games are on the docket. There are several advantageous positional matchups to exploit and a good trio of candidates that may be best to steer clear of due to a combination of circumstances/salary.  Guards Terry Rozier, CHA vs. DET ($33): Rozier continues to be a linchpin for the Hornets amid many injuries, and he’ll come into Wednesday’s favorable matchup having scored over 40 Yahoo points in four of his last six games alone…. Source link

There will be no shortage of action across the NBA, with 10 games on the schedule Wednesday. One team to keep an eye out for is the Warriors, who will be playing the second game of a back-to-back set when they face the Pacers in Indiana. Given how they previously handled back-to-back sets, we could see multiple starters sit out. The Kings will also be playing for the second consecutive night, taking on a Raptors team without OG Anunoby (hip) for at least the next week. As far as the players… Source link

Giannis Antetokounmpo and the Bucks host Steph Curry and the Warriors tonight. There will be no shortage of star power for Tuesday’s five-game slate in the NBA. The highlight matchup of the evening is Giannis Antetokounmpo and the Bucks hosting Stephen Curry and the Warriors. An underrated matchup could take place in Philadelphia when the 76ers play the Kings, who are off to a 14-11 start. Let’s highlight some of the top players to consider on Yahoo, as well as a few to possibly… Source link