Yahoo News

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

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

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

In the Yahoo Fantasy Football Forecast, Matt Harmon, Scott Pianowski and Andy Behrens debate if Indianapolis Colts WR Alec Pierce is a good players for fantasy managers to target for the rest of the season, and debate if Matt Ryan causes worry for managers of Colts WRs. Video Transcript [AUDIO LOGO] MATT HARMON: Scott, we have a lot of questions about the Colts overall, but I know you want to highlight someone in particular. SCOTT PIANOWSKI: As far as the Colts go, I actually love the Colts in… Source link

Ariel Epstein gives her best value plays for the upcoming 2022-23 NBA season. Video Transcript [MUSIC PLAYING] ARIEL EPSTEIN: Welcome to Yahoo Sportsbook. I’m the Prop Queen, Ariel Epstein. All right, so we’ve got the NFL, Major League Baseball, hockey. Starting Tuesday, the NBA is back in action. That means you’ve got to get your futures bets in. I’m going to give you some value plays for the NBA futures market. I’m not saying here that these are the teams guaranteed to win. However, I do like… Source link

In response to the invasion of Ukraine in February, major food and beverage companies such as Heineken and Starbucks (SBUX) have cut all ties with Russia. But at least one major snack company continues to do business in the country. On a recent episode of “Influencers with Andy Serwer,” Mondelez International CEO Dirk Van de Put said that the company retains 3,000 employees in Russia and works with 30,000 suppliers there. “We found that it would be a bit of a harsh decision to leave all… Source link

Ark Invest CEO Cathie Wood doesn’t doubt that the U.S is in a recession. “The first two quarters of real GDP negative, to us, means we’re in a recession,” Wood said in an exclusive interview on Yahoo Finance Live. “We believe this recession will be sustained,” she added. Wood and her team of analysts say the economic contraction is going to be a function of an inventory overhang. “It’s going to be a serious inventory correction, but it’s not going to be anything like we saw like in ’08 or ’09,”… Source link

Dunkin’ is defending the vast majority of the recent changes to its popular rewards program that set social media ablaze with upset customers. “We rolled out our Dunkin’ Perks program in 2014, and we haven’t made any changes in the last eight years,” Dunkin’ president Scott Murphy said on Yahoo Finance Live. “We went out and talked to our core users and said, ‘What do you want from a program?’ They said they wanted three things: They wanted more variety because in the old program, you could… Source link

Sony Honda Mobility (SHM), the new name for the joint venture that Japanese electronics behemoth Sony (SONY) and Honda Motor Co. (HMC) created to develop electric vehicles, will build its cars in North America. The joint venture will sell the cars in the U.S. and Japan, where in a turnabout of sorts, the Japanese market will get cars exported from North America. Though Honda and Sony did not say where in the U.S. the cars would be built, it’s likely to be in Ohio, where Honda is putting in… Source link

Tesla (TSLA) “is a solution” to the economy’s turmoil, says Ark Invest CEO Cathie Wood. “We think with supply chain issues, and with [the] food and energy crisis … that once again, innovation is going to help solve these problems,” said Wood during an exclusive interview with Yahoo Finance Live. “There’s been an accelerated consumer preference towards electric vehicles, like Tesla, because of oil prices. And we think there’s no stopping that trend now,” she said. The investment firm’s ARK… Source link