Yahoo News

Sweeping climate and health care legislation unveiled by Democrats last week would lead to significant cuts in energy costs for American households, according to a new analysis. A report by non-profit group Rewiring America found that the tax incentives included as part of the $369 billion dedicated to climate initiatives in the Inflation Reduction Act would save the average household $1,800 per year on energy bills. “It is a market-tilting level of investment,” Ari Matusiak, the group’s… Source link

Indonesia has lifted its ban on Steam and Yahoo now that both companies complied with the country’s restrictive laws that regulate online activity (via @ZhugeEX). The Indonesian Ministry of Communication and Information (Kominfo) announced the news in a translated update on Twitter, noting that Counter-Strike: Global Offensive and Dota 2 are back online as well. Last week, Indonesia blocked access to Steam, PayPal, Yahoo, Epic Games, and Origin after the companies failed to meet a… Source link

The U.S. economy could have entered a recession before the calendar turned to 2022. “I wouldn’t be surprised if they [the National Bureau of Economic Research] actually push the start of the recession to the end of last year,” Dreyfus Mellon Chief Economist Vincent Reinhart, who spent spent 24 years in various research roles at the Federal Reserve, said on Yahoo Finance Live (video above). “So we might wind up being in one of the longer recessions on record.” The National Bureau of Economic… 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 Tuesday, August 2, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. When the closing bell rang last Friday, the S&P 500 registered its best monthly gain since November 2020. The apparent enthusiasm from investors in July may be perplexing given the economic and… Source link

MLB trade season is here. The clock is ticking as executives try to prepare their teams for the stretch run before the deadline at 6 p.m. on Tuesday, Aug. 2. All eyes are on Juan Soto, the 23-year-old Washington Nationals superstar who is suddenly on the trade block. We will be following every twist and turn of the trade winds around Soto and the rest of the league right here. Check back for updates as the madness unfolds. Astros get a catcher in Christian Vázquez The Houston Astros have… Source link

Imagine you’re at an ATM near your home. You’re headed to your niece’s high school graduation party and want to put some cash in her card. As soon as you let go of the door of the bank lobby and step back onto the sidewalk, you’re approached by a larger, imposing person who demands the money you just withdrew. You comply, and they run off. Your heart is pounding in your ears, your hands are shaking. Police find the robber, and when the robber is in front of a judge, you find out not… Source link

The usually quiet month of August this week kicks off with a trial Monday over the Justice Department’s antitrust lawsuit challenging Penguin Random House’s pending acquisition of rival Simon & Schuster. We’re also watching Tesla (TSLA) CEO Elon Musk’s countersuit against Twitter (TWTR), which he filed Friday as part of his ongoing efforts to walk away from his $44 billion agreement to acquire the social media site. And after more than a year of delays, Boeing (BA) reportedly has the Federal… Source link

“Call of Duty” maker Activision Blizzard (ATVI) reported its Q2 earnings after the closing bell Monday, beating analysts’ expectations on revenue, but falling short on the bottom line as the industry contends with a slowdown from its pandemic-era highs. Here are the most important numbers from the announcement versus what Wall Street was anticipating from the gaming giant, as compiled by Bloomberg. Shares of Activision Blizzard were largely flat following the report. While Activision… Source link

The world didn’t just lose its greatest sports champion and a civil rights leader on Sunday, when Boston Celtics legend Bill Russell died at age 88. We lost a touchstone to our history that can never be replaced. The NBA is different from most institutions in how it embraces the greats who built it. Only Pete Maravich had passed when the league honored its 50th Anniversary Team in 1997, and 47 attended the ceremony. Forty-five of the 61 living members were present for the 75th Anniversary… Source link

Oracle’s cofounder Larry Ellison.Justin Sullivan/Getty Images The database giant Oracle has started laying off some US employees, sources told Insider. It may cut thousands of jobs globally, according to news reports. Workers in Canada, India, and Europe may be next. The database giant Oracle began laying off more of its US workforce on Monday, employees have confirmed to Insider. The company may cut thousands of workers globally — including in the US, Canada, India, and Europe — to reduce… Source link