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(Reuters) -BlackRock Inc posted a smaller-than-expected drop in quarterly profit on Thursday as strong demand for exchange-traded funds and other low-risk products cushioned the hit to fee income from a global market rout. The threat of a recession, rapidly rising interest rates and the Ukraine crisis have slammed both bonds and stocks this year, keeping investors on the back foot in a blow to businesses such as BlackRock. The company’s assets under management (AUM) dropped 16% year-on-year to… 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 Thursday, October 13, 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. Wall Street awaits this morning’s consumer price index release for September with bated breath despite the overall song remaining the… Source link

The American League takes center stage Thursday with Game 2 of both Division Series. The day will start off with the Astros hosting the Mariners, who couldn’t hold a late lead in Game 1. The Mariners will try to even things up behind Luis Castillo, who was their main addition at the trade deadline. The second game of the night has the potential to be a great pitching matchup between Nestor Cortes Jr. and Shane Bieber when the Yankees look to go up 2-0 on the Guardians. However, there is rain… Source link

It’s a busy Thursday in the NHL with 10 games and after tonight, only Detroit, St. Louis and Winnipeg will have yet to play a regular-season game. It’s the second game of back-to-back contests for Chicago, Colorado, Seattle, Toronto and Washington, so be careful in rostering tired players. Below, you’ll find suggested options for crafting an effective lineup. GOALIE Ilya Samsonov, TOR vs. WAS ($25): Samsonov gets his first start for the Maple Leafs and, lo and behold, he faces the team that… Source link

The Week 6 NFL main slate begins Sunday at 1:00 p.m. EDT and features 11 games. The Lions, Raiders, Texans and Titans will all be on bye, notably taking a few exploitable defenses out of the mix. Additionally, the Thursday Night Football (Commanders-Bears), Sunday Night Football (Cowboys-Eagles) and Monday Night Football (Broncos-Chargers) matchups will be excluded from the Sunday main slate. Yahoo will be running plenty of NFL DFS contests for Week 6, but the biggest is the Sunday Baller,… Source link

Digital World Acquisition Corp (DWAC): Shares of DWAC, the SPAC that plans to merge with former President Trump’s social media company, rose 8% in extended trading following reports that Google is adding Truth Social to its Google Play Store. Applied Materials (AMAT): The chip manufacturer lowered its earnings forecast for the fourth quarter, in part due to the new export curbs announced by the Biden administration. Applied Materials now expects fourth-quarter adjusted earnings per share of… Source link

VettaFi financial futurist Dave Nadig appeared on Yahoo Finance to discuss so-called “anti-woke” funds. Many of these funds have focused on being anti-ESG by adding exposure to the oil industry and sectors that tend to have more negative environmental impacts. Funds like the newly launched God Bless America ETF (YALL) have managed to get attention, but Nadig sees that fund as using a different tactic. Nadig said YALL, “isn’t pretending to go anti-ESG so much as… Source link

Spotify stock (SPOT) erased gains on Wednesday after a new report from The Wall Street Journal revealed that TikTok parent company ByteDance has begun talks with music labels to expand its music-streaming service, dubbed Resso. According to the report, ByteDance wants to eventually integrate the service with social media juggernaut TikTok — a platform known for discovering new music and making songs go viral — as the company looks to expand the offering into more global markets…. Source link

Several Fed officials felt that the cost of taking too little action to bring down inflation likely outweighed the cost of taking too much action, according to the minutes of discussions among Fed officials at their policy meeting three weeks ago, echoing recent public statements. “While the minutes provided some hints that Fed officials are beginning to lay the ground for a slower pace of rate hikes eventually, the overall tone was still hawkish, suggesting that the Fed will push ahead with… Source link

This article is part of our Yahoo DFS Golf series. ZOZO CHAMPIONSHIP Chiba, JapanAccordia Golf Narashino Country Club – Par 70 – 7,079 yardsField – 78 entrantsPurse – $11M The Preview The PGA Tour makes the overseas trek from Las Vegas to Japan this week as Accordia Golf Narashino Country Club plays host to the ZOZO Championship for the third time since the event’s inception in 2019. The par-70 layout measures less than 7,100 yards, but tree-lined fairways and a handful of doglegs make… Source link