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The entire team behind the FTX Future Fund, the Sam Bankman-Fried philanthropy, has resigned in the wake of FTX’s unraveling, leaving many grants unfunded. “We are now unable to perform our work or process grants, and we have fundamental questions about the legitimacy and integrity of the business operations that were funding the FTX Foundation and the Future Fund,” the team wrote in an open letter published online Thursday. “As a result, we resigned earlier today.” The FTX Future… Source link

In something of a change this earnings season, an electric carmaker (other than Tesla) actually reported a profit for the quarter. Polestar (PSNY), the Swedish-based company backed by Volvo and China’s Geely, reported its first gross profit as a public company since completing its SPAC merger earlier this year. For the quarter, Polestar reported: Though Polestar did miss on the top line, sales were up 105% for the quarter versus last year, and it was enough to eke out a $4 million gross… Source link

Fred VanVleet has stepped up with averages of 29.7 points, 3.7 rebounds, 6.3 assists over the past 3 games. The NBA returns from a quiet Thursday with eight games Friday. One of the most appealing matchups features the Celtics hosting the Nuggets. Out West, the Warriors will welcome the up-and-coming Cavs, who’ve dropped their last two. Among the notable injuries on this slate will be LeBron James (thigh), Giannis Antetokounmpo (ankle) and Jrue Holiday (ankle), who are all out. Let’s… Source link

At the start of this week, a technical recruiter at Meta (META) thought layoffs wouldn’t touch her, she told Yahoo Finance. She performed well at work, always meeting or exceeding expectations at a company that had prioritized attracting engineering talent for years. She was also in her third trimester of pregnancy. “Until yesterday, I thought I’d be clear in this layoff,” she said, speaking on the condition of anonymity. “I didn’t think these layoffs would be to the scale that they… Source link

Editor’s note: This story is developing. Check back for updates. Crypto exchange FTX and its affiliated companies have filed for Chapter 11 bankruptcy, the company announced on Friday, with FTX Founder Sam Bankman-Fried stepping down as CEO. John J. Ray III will take over as chief executive, while Bankman-Fried will assist during the transition. The filing for the affiliate, Alameda Research LLC, lists between $10 billion and $50 billion assets, between $10 billion and $50 billion in… Source link

Bojan Bogdanovic looks like Bojan Bogdanovic. His hair may be a touch thinner, Pistons blue now drapes his 6-foot-8 frame, but the eight-year veteran is doing what he always does. A flamethrower from deep, liable to launch from 30 feet. Even without an ankle-breaking handle, the savvy scorer can always create in a pinch, bumping and grinding his way to the rim or shifting into one-legged midrange fallaways. Few around the league, though, expected to find the Croatian in this environment, as… 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 Friday, November 11, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. Read this and more market news on the go with Yahoo Finance App. Stocks and bonds had an especially bullish reaction to new data out Thursday showing that inflation continues to moderate after… Source link

Fridays are more fun with some DFS hockey. There are four NHL games on the slate here in the middle of November. Here are the players to target, and to avoid, for your DFS lineups. GOALIE Andrei Vasilevskiy, TAM at WAS ($33): While we are a little over a dozen games into the NHL season for each team, there are still some things I expect to shake out as the season goes on. Like, say, Vasilevskiy’s numbers. He has a career 2.51 GAA and .919 save percentage, and he has finished a season with a… Source link

The NBA returns from a quiet Thursday with eight games Friday. One of the most appealing matchups features the Celtics hosting the Nuggets. Out West, the Warriors will welcome the up-and-coming Cavs who’ve dropped their last two. Among the notable injuries on this slate will be LeBron James (thigh), Giannis Antetokounmpo (ankle) and Jrue Holiday (ankle) all out. Let’s highlight some of the best options to consider on Yahoo, as well as some to possibly avoid. GUARDS Fred VanVleet, TOR at OKC… Source link

Yahoo Sports’ Matt Harmon, Andy Behrens and Charles McDonald explain why the Kansas City QB is the best player in the NFL this season. Video Transcript [AUDIO LOGO] MATT HARMON: We’ll move on, though, to Jaguars at Chiefs. Charles, what have we got in this game? CHARLES MCDONALD: Woof. I think we’re getting a masterclass from the most underrated player in the NFL, Patrick Mahomes. MATT HARMON: That’s right, man. Yeah. [LAUGHTER] CHARLES MCDONALD: The dumbest take that I’ve had on Twitter, but it… Source link