Yahoo News

James Howells was doing some housecleaning in 2013 when he mistakenly threw out a hard drive that contained 8,000 Bitcoin he had mined. At the time, it was a mistake that cost him anywhere from $108,000 to $8.6 million depending on when he tossed the drive (2013 was a particularly volatile year for Bitcoin). That’s enough to make anyone kick themselves. Bitcoin, though, has only gotten more expensive, meaning Howells’ losses have continued to grow. Even with the recent crypto winter, they… Source link

The NBA has begun an investigation into the New York Knicks for alleged tampering regarding free agent pickup Jalen Brunson, sources told Yahoo Sports. The league will look into whether the Knicks made contact with Brunson prior to the start of the free agency period. Reports emerged days before June 30 that Brunson already had a deal in place with the Knicks. Brunson and the Knicks agreed to a four-year, $104 million deal after New York was thought to be the frontrunner to land the free agent… Source link

U.S. stocks fell Monday in a choppy start to August trading as Wall Street struggled to sustain July’s momentum. The S&P 500 and Dow Jones Industrial Average each fell roughly 0.3%, while the Nasdaq Composite held near breakeven. Investors mulled a flurry of data early in the session that showed manufacturing activity expanded at the slowest pace in more than two years. The Institute for Supply Management’s gauge of factory activity retreated to 52.8 from 53 a month earlier, marking the… Source link

Inflation has been a persistent nightmare, and rising rents nationwide are partly to blame. Unfortunately for renters, things are unlikely to get better this year. “No quick relief in rent increases,” Alan Detmeister, a senior economist at UBS, told Yahoo Finance. “Probably not getting too much worse after the early next year [or] probably peaking early next year but then a long slow, downward pace on rent increases and still staying high through at least the end of 2024.” The rental inflation… Source link

The NFL suspended Cleveland Browns quarterback Deshaun Watson for six games on Monday for violating the league’s personal conduct policy. The decision was rendered in response to the NFL’s investigation of multiple women who filed civil lawsuits against Watson before he settled with 23 of them; one of those suits remains. The women, whom Watson hired for massages, accused the QB of sexual misconduct or sexual assault. Watson will be eligible to return to the Browns in Week 7 against the… Source link

On the heels of IMAX’s (IMAX) strong second quarter earnings report, CEO Richard Gelfond is more than confident that the movies are back in business. “It’s not just that the movies are back — they’re back for different age groups,” Gelfond told Yahoo Finance Live in a new interview, referencing the wide variety of available content. “Doctor Strange in the Multiverse of Madness,” “Top Gun: Maverick” and “Jurassic World: Dominion” helped lift overall box office performance in the second… Source link

A Chicago restaurant owner is speaking out after the city yanked his license amid a battle over whether the place was an eatery or a nightclub. Fox Chicago reports Rashad Bailey opened Dinner and a Movie last year in Chicago’s Lincoln Park. The establishment served waffles, alcohol, movies and music catering to class reunions and birthday parties in a celebration of Black love and gatherings according to Bailey. However, the location has been littered with complaints from neighbors about the… Source link

Housing correction is ‘dead ahead,’ warns Moody’s chief economist Mark Zandi — here’s how he sees things playing out over the next several months Existing home sales showed a 5.4% decline in June from May, but prices remain elevated, according to the National Association of Realtors. The median sale price of existing homes in the U.S. set a new record high of $416,000 in June, marking a 13.4% increase from a year ago. Yet for those continuing to watch these rising home prices, chief… Source link

Target stock could stay in the penalty box as the retailer aggressively sells slow-moving inventory and industry discounting picks up amid the economic slowdown, Jefferies analyst Stephanie Wissink warns. Wissink, citing “profit warnings from peers & suppliers and pressure on discretionary wallets,” slashed her EPS estimates on Target for the balance of 2022 and 2023 in a new note on Monday. “The cut to our model appears drastic at face value, fully discounting Target’s ability to bounce back… Source link

The design of the experience was inspired by nostalgic, throwback car wash elements such as shimmery plastic strip curtains, spinning buffers, and retro signage.Photo: Courtesy of SuperflyWhile most brands activate around LGBTQIA+ rights in June to commemorate the 1969 Stonewall riots in New York City, Yahoo is celebrating all summer long as part of its “Let’s Glow” campaign. After kicking off during Pride month in Washington, D.C. on June 12, Yahoo has plans to pop up at other Pride… Source link