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Goldman Sachs is pushing back on the notion that headline-grabbing layoffs from big-cap tech companies are a sign of a looming U.S. recession. “Tech layoffs are not a sign of an impending recession,” Goldman Sachs chief economist Jan Hatzius wrote in a note to clients on Tuesday. As the year nears a close, the layoffs announcements have picked up in tech land amid a terrible year for stock prices and slowing growth. In the past two weeks alone, Meta and Amazon have unveiled combined job cuts of… Source link

Wall Street may be cheering on the recent downtick in the rate of inflation by way of the Consumer Price Index (CPI), but Walmart (WMT) isn’t ready to declare an end to sky-high prices just yet. “I can’t call that,” Walmart CFO John David Rainey said on Yahoo Finance Live (video above) when asked if inflation had peaked. “Food inflation, in particular, has been pretty persistent. We see it in mid-teens growth [in grocery sales]. In general merchandise, we have seen more progress, but I can’t… Source link

Fresh geopolitical tension put a halt to a significant stock rally on Wall Street Tuesday, as investors assessed reports that Russian missiles crossed into Poland. The S&P 500 (^GSPC) pared early morning gains, ticking slightly higher by 0.2% during midday trading, while the Dow Jones Industrial Average (^DJI) slipped by 0.2%. The technology-heavy Nasdaq Composite (^IXIC) also lost some early gains but remained up 0.7% in the afternoon. Poland Prime Minister Mateusz Morawieck convened a… Source link

This article is part of our Yahoo DFS Hockey series. We’re midway through November as of Tuesday. Interestingly, while there are nine games on the docket for the NHL, there are zero teams on the second leg of a back-to-back. We’ve got fresh teams, and fresh recommendations for players to target and to avoid for your DFS lineups. GOALIE Logan Thompson, VGK vs. SAN ($38): Thompson’s been a fine No. 1 goalie for Vegas, as he has a 2.32 GAA and .925 save percentage. He’s got a nice… Source link

Netflix stock (NFLX) is at a 7-month high after three straight sessions of gains, buoyed by bullish investor sentiment surrounding the streaming platform’s newly launched ad-supported tier. Shares of the media giant, down roughly 50% since the start of the year, have climbed nearly 60% over the past six months. The stock rose about 3% in premarket trading on Tuesday. The ad plan, dubbed “Basic with Ads,” rolled out on November 3 with a price tag of $6.99 a month in the U.S. — just below… Source link

We’re midway through November as of Tuesday. Interestingly, while there are nine games on the docket for the NHL, there are zero teams on the second leg of a back-to-back. We’ve got fresh teams, and fresh recommendations for players to target and to avoid for your DFS lineups. GOALIE Logan Thompson, VGK vs. SAN ($38): Thompson’s been a fine No. 1 goalie for Vegas, as he has a 2.32 GAA and .925 save percentage. He’s got a nice opportunity at home here, as the Sharks have only managed 2.71 goals… Source link

What we’ll remember from last postseason is the Buffalo Bills losing an intense overtime game at the Kansas City Chiefs. The complaints about not getting the ball after losing the OT coin toss. The defense’s failure in the final 13 seconds of regulation. What doesn’t get enough attention is how the Bills screwed up a prime opportunity to win a championship by giving away regular-season games. Buffalo lost six regular-season games. They were favored in five of them. In four of them, they were… Source link

Yahoo Sports’ Andy Behrens and Matt Harmon explain why fantasy managers should add Kansas City’s Isiah Pacheco and Green Bay’s Christian Watson this week. Video Transcript [AUDIO LOGO] MATT HARMON: All right, Andy. We have shoveled through some absolutely terrible waiver weeks recently. ANDY BEHRENS: [LAUGHS] MATT HARMON: Well, guess what. Here heading into week 11, we got a lot of guys that are really interesting that people can pick up out there. Let’s give them two that we really, really like… Source link

Yahoo Sports’ Andy Behrens and Matt Harmon explain why fantasy managers should add Kansas City’s Isiah Pacheco and Green Bay’s Christian Watson this week. Video Transcript [AUDIO LOGO] MATT HARMON: All right, Andy. We have shoveled through some absolutely terrible waiver weeks recently. ANDY BEHRENS: [LAUGHS] MATT HARMON: Well, guess what. Here heading into week 11, we got a lot of guys that are really interesting that people can pick up out there. Let’s give them two that we really, really like… Source link

Boy did the Republicans blow it. In midterm elections, on average, the president’s party loses 28 seats in the House of Representatives and four Senate seats. In addition to that snapback trend, Republicans were running against an unpopular president trying to explain away high inflation to cynical voters who largely think the country is going down the tubes. It should have been a Republican rout. It wasn’t. Democrats will keep control of the Senate and could even pick up one seat…. Source link