Home Depot co-founder and billionaire businessman Bernie Marcus isn’t sure he would be able to create the home improvement chain today if he tried given onerous regulations on small businesses and a challenging economic backdrop. “I don’t think so,” Marcus — a well-known proponent of free market capitalism and small businesses — said on a new edition of Yahoo Finance Presents. “I think if we had the regulations that we have today, Home Depot would be a chain of 12 stores. I just don’t… Source link
Read More »Yahoo DFS Baseball: Friday Picks
This article is part of our Yahoo DFS Baseball series. Baseball brings three playoff games Friday, thanks to Game 2 of the series between the Yankees and Guardians being rained out Thursday. That game will now be the first of the day, and it has the potential to be a great pitching matchup between Shane Bieber and Nestor Cortes. The two National League series will also resume, with both of them tied up at a game apiece. The Phillies could be in a particularly good spot to go up 2-1,… Source link
Read More »Timberwolves to name Jaden McDaniels to starting lineup
The Minnesota Timberwolves will name third-year wing Jaden McDaniels as the starting small forward to begin the 2022-23 season, league sources told Yahoo Sports. McDaniels, 22, has been preparing for the role during this preseason in what will be his first opportunity as a full-time starter. The 6-foot-9 wing will be tasked with defending the opposition’s best perimeter scorers and adding versatility and athleticism to a starting unit that will feature D’Angelo Russell, Anthony Edwards, Source link
Read More »Elon Musk lights blaze of speculation over gonzo share buyback a week before Tesla Q3 earnings
All it took for Elon Musk to set the hearts of Tesla investors aflutter was one simple word. A full week after Singapore-based billionaire Leo KoGuan warned only a stock buyback or 100% earnings growth would pull Tesla out of its current slump, Musk finally replied to his third largest shareholder. “Noted,” he wrote on Thursday. Minutes later the stock reversed its losses as investors took this as a clear sign that Musk might greenlight Tesla spending anywhere between $5 billion to even… Source link
Read More »Stock futures waver amid earnings reports from financial heavyweights
U.S. stocks erased gains Friday as Wall Street’s biggest banks reported earnings and investors digested more inflation expectations. The S&P 500 (^GSPC) fell 1.7%, while the Dow Jones Industrial Average (^DJI) was down nearly 1%. The technology-heavy Nasdaq Composite (^IXIC) fell by 2%. Stocks turned sharply lower as a consumer survey from the University of Michigan showed inflation expectations increasing, marking the highest level in six months. “The uptick in inflation expectations probably… Source link
Read More »Beyond Meat cuts 19% of workforce, including alleged nose-biting COO, stock plunges
Beyond Meat is letting go of an executive who allegedly bit someone’s nose outside of a football game last month as part of a 19% reduction in the plant-based meat company’s global workforce that also includes the embattled company’s COO. Beyond Meat stock were down more than 7% in pre-market trading as of 7:12 AM ET. The company stated that the last day of Chief Operating Officer (COO) Doug Ramsey would be Friday. Ramsey had been on suspension since September 20 after the alleged incident,… Source link
Read More »U.S. grocer Kroger carts away Albertsons for $25 billion but faces antitrust test
By Aishwarya Venugopal, Diane Bartz and Abigail Summerville (Reuters) – Kroger Co snapped up Albertsons Cos Inc in a $25 billion deal on Friday, creating a U.S. grocery behemoth to better compete with leader Walmart Inc on prices while bracing for potential antitrust roadblocks. The mega merger between the No. 1 and 2 standalone grocers in the United States will bring under one roof nearly 5,000 stores that include banners such as Albertsons’ Safeway and Kroger-owned Ralphs and Fred Meyer. The… Source link
Read More »The Fed is ‘going to end up killing the labor market,’ economist says
The Federal Reserve is being too aggressive with its stance on interest rates and could send the job market into a tailspin, warns MKM Partners chief economist Michael Darda. “I think households here are also caught in the Fed’s crosshairs because the tightening is likely to keep going until it kills the labor market,” Darda said on Yahoo Finance Live (video above). “They [the Fed] will kill inflation, but they are going to end up killing the labor market.” Cracks in the labor market are… Source link
Read More »Some investors think the Fed should disregard that hot inflation print: Morning Brief
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, October 14, 2022 Today’s newsletter is by Julie Hyman, anchor and correspondent at Yahoo Finance. Follow Julie on Twitter @juleshyman. Read this and more market news on the go with Yahoo Finance App. Inflation came in red-hot again on Thursday, meaning the Federal Reserve will almost certainly raise interest rates by at least 75 basis… Source link
Read More »Draymond Green downplays Jordan Poole punch, Warriors contract situation in return: ‘I’m a professional’
Draymond Green has rejoined the Golden State Warriors, and it would be understandable if the mood were a bit tense after his punch of teammate Jordan Poole. He’s just trying to move past it. The veteran spoke to reporters Thursday for the first time since stepping away from the team, and there was no shortage of topics. While Green was away, Warriors head coach Steve Kerr announced Green would be fined but not suspended for the punch, though his future with the club is still quite cloudy. As… Source link
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