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The man who boldly predicted that America would become a nation of renters and that the Federal Reserve forced the general public out of the housing market is back with more calculated claims that, upon further investigation, feel like more uncomfortable truth than the attention-grabbing headline. In the past month, Cardone Capital CEO Grant Cardone has spread the word to the masses that the single-digit millionaire is the new middle class. His point is proven with a few basic math problems… Source link

Expect Michael Porter Jr. to increase his shot production on Wednesday with Nikola Jokic out for the Denver Nuggets. Wednesday will be a busy night in the NBA with 10 games on the schedule. Once again, injuries will have a significant impact on the slate. Some of the noteworthy players who will not take the floor include Nikola Jokic (COVID-19 protocols), Tyler Herro (ankle) and Jarrett Allen (ankle). Others who are questionable include Donovan Mitchell (ankle), Chris Paul (heel)… Source link

For Polestar (PSNY) CEO Thomas Ingenlath, the EV-maker’s first gross profit as a public company wasn’t the biggest takeaway from Q3. “Main message for me is, we are on track to deliver 50,000 cars this year,” Ingenlath said in an interview with Yahoo Finance. “So the cars are produced, they’re on the way to the customers, and we are cruising to the end of the year, delivering these cars.” Polestar has been able to ramp up, hit its production goals, and also trim its operating… Source link

Walmart stock (WMT) continues to be a retail name to own in an uncertain economic environment, according to Goldman Sachs. In a note to clients, Goldman Sachs retail analyst Kate McShane reiterated a Buy rating on the stock, citing three main reasons: “1) strong top-line trends along with market share gains; 2) an improved inventory position, which should support margins due to reduced markdown pressure; and 3) the long-term algorithm (+4% top line and even better operating income growth)… Source link

Amazon (AMZN) Prime is wrapping up a year that expanded its offerings, from entertainment like “The Lord of the Rings: The Rings of Power” and “Thursday Night Football” to offering partnerships with third-parties like mobile food delivery platform Grubhub. “We are going to continue investing in Prime benefits, offers, and exclusive experiences to ensure that members see disproportionate value and choose Amazon to fulfill their needs and wants,” Jamil Ghani, VP of Amazon Prime, told Yahoo… 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, Nov. 16, 2022 Musk’s Time at Twitter has been a mess, but he could still turn it around Elon Musk’s takeover of Twitter spurred chaos from the get-go. From bungled mass layoffs, to the launch of a verification system that Twitter halted days after its release, Musk’s first weeks… Source link

Uber Health (UBER), a subsidy of the popular ride-sharing app, has seen growing demand for services as it continues its foray into the $4 trillion health-care industry. Global Head of Uber Health Caitlin Donovan said there is especially growing interest in delivery services for specialized meals and medical devices. When it launched in 2018, it was primarily for patient ride services. “We’re thinking about how to choose the right partners to be able to do that at scale, because there is such a… Source link

Special to Yahoo Sports Well, we made it to Week 11 and that means the fantasy trading season is winding down. I hope you were able to pull off some wins and set your teams up for success. We still have a little time left before the deadline — which is Saturday in most Yahoo leagues — so make sure to get those trade requests sent out. We had some major injuries in Week 10 and many teams are looking for replacements. The tight end position is even worse than it has been all season and… Source link

MOSCOW (Reuters) – President Vladimir Putin urged the Russian government on Wednesday to control car prices, as one industry head said Western sanctions could send annual sales crashing to below 1 million for the first time since records began. Auto sales have fallen over 60% so far this year, and may end up being less than a quarter of what they were a decade ago, according to Maxim Sokolov, head of Russia’s top carmaker Avtovaz. Some of this year’s drop is due to the pullout of foreign… Source link

U.S. stock futures slumped Wednesday morning as Wall Street weighed an earnings warning from retail bellwether Target against government retail sales data that showed robust consumer spending ahead of the key holiday season. Futures tied to the S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) hovered below the flatline, while contracts on the technology-heavy Nasdaq Composite (^IXIC) were off by 0.2%. The Commerce Department said Wednesday retail sales jumped 1.3% in October as… Source link