Yahoo News

San Francisco Fed President Mary Daly told Yahoo Finance that she expects the Fed to stay the course when it comes to expectations for interest rate hikes after the latest core inflation reading — i.e., consumer prices excluding volatile food and energy prices— came in at a 40-year high. “It does show the data not cooperating,” Daly said on Yahoo Finance Live when asked about the consumer price index report for September. “It was a very disappointing report, but I would offer it… Source link

Lowe’s has teamed up with Yahoo to power off-site media experiences for brands advertising through the Lowe’s One Roof Media Network. The new partnership is just the latest example of the maturation of the retail media model, which until recently has been dominated by fairly basic website-based offerings such as sponsored search, display ads and promoted listings. The true power of retail media comes in connecting retail data with other channels though, including stores and… Source link

Nearly every day this week, a new lawmaker has lined up behind the growing effort to codify into law a fundamental rethinking of the U.S. relationship with Saudi Arabia. On Monday, Sen. Bob Menendez (D-NJ), the influential head of the Senate Foreign Relations Committee, released a statement calling for the US to “immediately freeze all aspects of our cooperation with Saudi Arabia.” Later in the week, Sen. Richard Blumenthal (D-CT) and Rep. Ro Khanna released a bill to temporarily halt… Source link

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

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

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

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

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

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

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