Yahoo News

In a big win for Democrats, Senate passage of the Inflation Adjustment Act brings the bill to the House, where the bill is expected to pass. If all goes as planned, the legislation could be in front of President Biden to sign in as little as a couple weeks. For the automotive industry, a big piece of the legislation is the expansion of the $7,500 federal tax credit for EVs (electric vehicles), in which the cap on automakers to qualify for the credit — which currently is at 200,000 vehicles… Source link

Eleven players on the breakaway LIV Golf tour have filed an antitrust suit against the PGA Tour. Three of them — Talor Gooch, Hudson Swafford and Matt Jones — have an immediate challenge: whether they will be permitted to play in the first round of the PGA Tour’s FedEx Cup playoffs, which begin Thursday in Memphis. On Monday morning, the PGA Tour responded, leaving no doubt about its stance and the likelihood of the players returning for the playoffs. After joining LIV, the players, the… Source link

Pickleball has exploded in popularity among all age groups — including a who’s-who of celebrities such as Bill Gates, Leonardo diCaprio, George Clooney, and legendary NFL quarterback Drew Brees. Brees, who has long played the game and is now a part-owner of the Mad Drops Club of Major League Pickleball, described the sport as “a combination between tennis and ping-pong. It’s a fast-paced game.” “It’s really more of a game about patience than it is about power,” Brees said on Yahoo Finance… Source link

Meme stocks are having a moment. Again. Shares of Bed, Bath & Beyond (BBBY), GameStop (GME), and AMC (AMC) were all surging on no news as of Monday morning, aside from renewed attention on these names from the traders on Reddit’s Wallstreetbets message board investors came to know in early 2021. According to data from Ape Wisdom, a site that tracks ticker mentions on Wallstreetbets threads, mentions of Bed, Bath & Beyond, GameStop, and AMC have surged in the last 24 hours and are the three… Source link

The Yahoo! Trade Deadline is nearly upon us, which makes the coming days the final opportunity for fantasy managers to make a deal that puts their squad over the top. After looking at category-specific hitter targets last week, I will use the final 2022 edition of this column to find pitchers who can help in specific areas. Although coming out on top of every trade is an impossible task, I hope that some readers were able to use the tips in this space to find some deals that worked for… Source link

U.S. stocks opened higher Monday as investors approached the final stretch of earnings season and braced for a busy week of inflation data. The S&P 500 climbed 0.5% after the benchmark index logged three straight weeks of gains despite modest losses on Friday. The Dow Jones Industrial Average added 180 points, or 0.6%, and the tech-heavy Nasdaq Composite advanced 0.3%. The moves come after stocks finished mixed in Friday’s session after a blowout employment report showed the U.S. economy added… Source link

NVIDIA Preliminary second quarter revenue of $6.70 billion versus outlook of $8.10 billion Shortfall versus outlook primarily driven by weaker Gaming revenue Management to discuss financial results and outlook on Aug. 24 earnings call SANTA CLARA, Calif., Aug. 08, 2022 (GLOBE NEWSWIRE) — NVIDIA (NASDAQ: NVDA) today announced selected preliminary financial results for the second quarter ended July 31, 2022. Second quarter revenue is expected to be approximately $6.70 billion, down 19%… Source link

By Chavi Mehta (Reuters) -Palantir Technologies Inc lowered its annual revenue forecast to below market estimates after the data analytics software company reported a surprise quarterly loss on Monday, sending its shares down 15%. The company had to temper its revenue forecast as the timing of some government contracts remained uncertain, Chief Executive Alexander Karp said, calling the uncertainty “frustrating.” The large size of the government awards and the long-drawn procurement procedure… Source link

Inflation remains frustratingly elevated. Recession talk still dominates Wall Street despite a surprisingly strong July jobs report. And second quarter earnings season has been anything but great. But all that’s not stopping top JP Morgan strategist Mislav Matejka from being bullish on stocks. “We believe that risk reward for equities is not all bad as we move into year-end,” Matejka said in a new note to clients on Monday. “In fact, we argued that we have entered the phase where the weak… Source link

Longtime Oklahoma wide receivers coach Cale Gundy resigned on Sunday night in the wake of what he described as an incident during a team film session. Gundy, who has been with the program since 1999, said in a lengthy statement that he accidentally read “one particular word that I should never — under any circumstance — have uttered” during a film session last week. “Last week, during a film session, I instructed my players to take notes,” Gundy said in a statement, in part. “I… Source link