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(Reuters) – Some investors are backing out of Digital World Acquisition Corp’s plan to acquire former U.S. President Donald Trump’s social media firm Truth Social, the blank-check firm said on Friday. Digital World said it had received termination notices from private investment in public equity (PIPE) investors ending nearly $139 million in investments out of the $1 billion commitment it had previously announced. Investors, who signed the PIPE commitment about one year ago, are free to move… Source link

The U.S economy muddled through a spate of high inflation, with employment staying strong last year despite inflation rising to a 40-year high. Now, markets are signaling that the muddle is ending and something worse is replacing it. The Federal Reserve, the markets’ BFF during much of the last decade, is now more like a frenemy. On Sept. 21, the Fed raised interest rates by three-quarters of a percentage point, as expected. It also signaled more aggressive rates hikes ahead. This is the… Source link

Meta (META) is having a rough year. The company’s stock price is down 57% year-to-date, torpedoing CEO Mark Zuckerberg’s personal wealth to the tune of $72 billion, according to Bloomberg’s Billionaire Index. While the macroeconomic climate is hammering the entire tech industry, Meta and other tech companies that rely on ad-based revenue face a unique headwind — Apple’s (AAPL) massive privacy shakeup called App Tracking Transparency. The feature, which allows users to determine if… Source link

BOSTON — Following their suspension of head coach Ime Udoka for the entire 2022-23 NBA season, Boston Celtics managing partner Wyc Grousbeck and president of basketball operations Brad Stevens offered scant factual substance during Friday’s news conference, citing “privacy reasons for the people involved.” The Celtics officially suspended Udoka on Thursday night “for violations of team policies.” The news came less than 24 hours after The Athletic’s Shams Charania reported through anonymous… Source link

Real estate investors have largely done well for the past few years. But with higher interest rates, things could be about to change. The U.S. Federal Reserve raised its benchmark interest rates by 0.75 basis points on Wednesday, marking the third such hike in a row. Higher interest rates translate to bigger mortgage payments — not good news for the housing market. But cooling down housing prices is part of what needs to be done to bring inflation under control. Don’t miss “For the longer… Source link

Special to Yahoo Sports It’s still early and most fantasy hockey drafts probably haven’t occurred, but we can still learn a great deal from average draft positions. There are plenty of players who are being overrated by fantasy managers according to their average draft position. Avoiding taking players too early and tempering expectations will save you some headaches once the season starts. It will also allow for much better roster construction. ADP data courtesy of Yahoo Fantasy Kreider… Source link

A protestor ran onto the court and set his arm on fire in the middle of the 2022 Laver Cup in London on Friday. The man wore a white shirt with the words “end UK private jets” written on it. He was quickly escorted off the court after the fire was put out by officials. The protest temporarily halted the singles match between Stefanos Tsitsipas and Diego Schwartzman. He reportedly ran onto the court after Tsitsipas won the first set and set his arm on fire before security grabbed him. After… Source link

New York Yankees slugger Aaron Judge is doing something that hasn’t been seen in MLB in nearly two decades. With his 60th home run, Judge put himself in the same company as Barry Bonds, Roger Maris, Mark McGwire, Sammy Sosa and Babe Ruth. Does Judge’s 2022 season truly belong in the same company as those players? Ruth is arguably the greatest player of all time. Bonds deserves to be in that conversation, though that comes with a major caveat. Maris is a Hall of Famer, and McGwire and Sosa… Source link

When watching the Iowa Hawkeyes play offense, some might say that they’re setting college football back 20 years. Well, oddsmakers aren’t exactly disagreeing this week. The total for their game this weekend against Rutgers is currently set at 33.5 points at BetMGM. If the total closes this low, it’ll be the lowest total between two FBS teams since 1995. Both teams struggle offensively You know a game is going to be a defensive struggle when one of the highlighted marquee matchups ahead of… Source link

Fantasy football sit-and-start advice should always be relative and league-dependent. Note that some players are targeted for DFS. Good luck with your Week 3 lineups! Start in DFS: Davante Adams ($35) Start: Treylon Burks Adams’ rostered percentage will likely be down after burning many DFS players while recording just two catches for 12 yards last week. But he’s a strong bounce-back candidate after leading the league in target share and air yards during his Raiders debut. Moreover, Hunter… Source link