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The International Monetary Fund (IMF) downgraded its outlook for the global economy next year based on the effects of the war in Ukraine, global inflation that requires interest rate hikes and a slowdown in China. “In short, the worst is yet to come, and for many people 2023 will feel like a recession,” IMF Chief Economist Pierre-Olivier Gourinchas stated. The IMF, which is the primary financial institution of the United Nations, now forecasts global growth will slow next year by 2.7% —… Source link

With both American League Division Series having the day off Wednesday, the National League will take center stage. First up will be Zack Wheeler and the Phillies playing Game 2 of their series with the Braves, who will start Kyle Wright. A pitcher’s duel could loom for Game 2 of the series between the Padres and Dodgers with Yu Darvish starting against Clayton Kershaw. Only two games doesn’t leave us with many options on Yahoo, but with money to be won, let’s highlight some appealing… 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 Wednesday, October 12, 2022 Today’s newsletter is by Ethan Wolff-Mann, senior writer at Yahoo Finance. Follow him on Twitter @ewolffmann. Read this and more market news on the go with Yahoo Finance App. One of the most interesting bits of analysis that gets passed around is a chart tucked into Bank of America’s Global Fund Manager Survey. It’s… Source link

This article is part of our Yahoo DFS Hockey series. Tuesday was a taste of NHL action. Wednesday kicks things into high gear. There are six games on the slate, including the season opener for the defending champs, the Colorado Avalanche. It’s a little easier to make DFS roster selections when you aren’t relegated to making your picks among only four teams. Here are my players to target and avoid for your DFS lineups. GOALIE Alexandar Georgiev, COL vs. CHI ($35): The Avalanche start… Source link

  Yahoo has launched new features for Yahoo Mail, providing consumers with ‘first-to-market’ experiences for their inbox, to save time and improve productivity. The new Yahoo Mail app rolls out globally on iOS and Android on Wednesday.  Yahoo Mail’s new updates meet the needs of consumers who are doing more online since the pandemic. Users can manage and personalize their inboxes to support their digital lifestyle, the company said.  The New Yahoo Mail App makes users’ lives easier… Source link

Yahoo is redesigning its Mail app for Android and iOS users in attempt to help users make sense of their inbox and declutter their emails quickly and efficiently. The new Yahoo Mail app will come with useful new features, including the ability to track shopping receipts and purchases, as well as the ability to delete all messages from a sender in just one tap. “Email volume has been increasing steadily year over year. This remains high even amongst the younger consumers, about 90% in the… Source link

For most of Game 1 on Tuesday, the Seattle Mariners looked poised for an upset in their ALDS matchup with the top-seeded Houston Astros. Yordan Alvarez had other ideas. With his Astros facing a 7-5 deficit in the bottom of the ninth inning, the Houston slugger launched an 0-1 pitch from Robbie Ray into the right-field stands for a 3-run walk-off home run to secure an 8-7 win. The upper-deck blast concluded a rally from 4-0 and 7-3 Houston deficits to secure a 1-0 series lead for the… Source link

Worrywarts have been blabbing about a recession since the spring, when U.S. GDP growth turned slightly negative and Russia’s invasion of Ukraine sent oil prices soaring. Now it looks like the naysayers might get their way. Economic forecasters are cutting their outlook for U.S. and global economic growth, with more of them predicting a recession. S&P Global Market Intelligence recently cut its forecast for the U.S. economy in 2023 from 0.9% GDP growth to a 0.5% decline. “The base… Source link

(Bloomberg) — US stocks turned sharply lower in late trading after comments by the Bank of England chief on removing market support rattled investor sentiment. Benchmark Treasury yields rose and the dollar gained. Most Read from Bloomberg The S&P 500 slid amid renewed selling in tech shares that sent the Nasdaq 100 down more than 1%. Long-end Treasuries bore the brunt of losses and the pound tumbled after BOE Governor Andrew Bailey urged investors to finish winding up positions that they… Source link

Not everyone on Wall Street is on board for the bullish ride Netflix (NFLX) stock has been on in recent months. Shares of the streaming beast are up 18% in the past three months, blowing away the Nasdaq Composite’s 9% drop amid optimism surrounding Netflix’s upcoming ad-tier service. Analyst Doug Anmuth estimated in a new note this week that Netflix could drive 7.5 million subscribers to its ad-supported tier in its US and Canada segment in 2023, which could drive $600 million in advertising… Source link