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Billionaire Carl Icahn warns ‘you can’t cure’ hot inflation — but when an audience member asked him for stock picks, he gave these 2 ‘cheap and viable’ names Easy monetary policy might seem fun at the beginning, but it has consequences. While asset prices shot up in 2020 and 2021, they pulled back substantially in 2022. Meanwhile, inflation remains near 40-year highs and the Fed has to raise interest rates aggressively to bring price levels under control. “We printed up too much money, and… Source link

My fellow critics of all things sports, media and sports media: Can we switch up now? We need to stop tweeting, writing and saying that the Brett Favre welfare money theft misappropriation story isn’t getting attention from “the media.” It most certainly is. Thanks to the diligent work of some journalists in Mississippi, this writer first started wondering over two years ago why Favre got $1.1 million earmarked for needy families through the Mississippi Department of Human Services. Yes, it… Source link

After a grisly 1H22 which represented the stock market’s worst performance since 1970, the second half is shaping up to be a bit of a disappointment too. After clawing back some of the losses, it’s been onto the slide again with the S&P 500 almost back to the mid-June lows. The bad news, according to billionaire investor Carl Icahn, is that things could still get worse from here. “I think a lot of things are cheap, and they’re going to get cheaper,” said Icahn, pointing to the… Source link

No one knew it at the time, but the 2022 Pro Bowl was the last Pro Bowl that will be played in quite awhile. The NFL announced Monday that it’s doing away with the Pro Bowl in its current form, which has been played since 1951, and will replace it with The Pro Bowl Games, a week of skills competitions that will end with a flag football game. NFL executive Peter O’Reilly told The Associated Press that the NFL has been looking for a Pro Bowl replacement for awhile, and after getting feedback… Source link

Unapologetically is a Yahoo Life series in which people get the chance to share how they live their best life — out loud and in color, without fear or regret — looking back at the past with a smile and embracing the future with excited anticipation. Vanna White, 65, has reigned as co-host of Wheel of Fortune for 40 years now — a role, she tells Yahoo Life, that never gets “monotonous.” “I have a different dress on, we have different puzzles,” she explains. “So I treat every show like it… Source link

FRISCO, Texas — As Thursday night bled into Friday morning in April 2021 during the NFL draft, Dallas Cowboys team owner Jerry Jones repeated: “Pressure, pressure, pressure.” The Cowboys were mere hours removed from selecting Penn State linebacker Micah Parsons with the 12th overall draft pick, a surprise decision. Drafting a cornerback or safety? That would have checked out for a franchise whose secondary had struggled mightily in recent years. Choosing a defensive end to wreck… Source link

U.S. stock futures sank Monday morning, with equities poised for more turbulence at open as fears of excessive Fed tightening and a wild run in currency markets rattle investors. Futures tied to the S&P 500 tumbled 0.6%, while Dow Jones Industrial futures shed 200 points, or 0.7%. Contracts on the tech-heavy Nasdaq were off by 0.4%. Meanwhile, the CBOE Volatility Index (^VIX), which measures Wall Street’s expectations for short-term market volatility, spiked above 32, its highest level… Source link

(Updates prices, adds comment) By Dhara Ranasinghe LONDON, Sept 26 (Reuters) – Sterling crashed to a record low early on Monday as traders rushed for the exits on mounting concern that the new government’s economic plan will stretch Britain’s finances to the limit. The British pound’s searing drop helped lift the safe-haven U.S. dollar to a new two-decade peak against a basket of major currencies, while the euro hit a fresh two-decade low against the greenback. In Japan, authorities reiterated… Source link

(Bloomberg) — Asian markets risk a reprise of crisis-level stress as two of the region’s most important currencies crumble under the onslaught of relentless dollar strength. Most Read from Bloomberg The yuan and yen are both tumbling due to the growing disparity between an uber-hawkish Federal Reserve and dovish policy makers in China and Japan. While other Asian nations are digging deep into foreign-exchange reserves to mitigate the dollar’s damage, the yuan and yen’s slump is making… Source link

(Bloomberg) — A former hedge fund manager who shot to fame for a $2.7 billion volatility trading gain during the global financial crisis is buying the pound on a day when the currency slumped to an all-time low. Most Read from Bloomberg Stephen Diggle on Monday used 10% of the assets of a “small fund” to buy sterling to finance investments in the UK, especially stocks of companies that have earnings in the greenback but costs in the British currency, he said in an email. He didn’t… Source link