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(Bloomberg) — Investors should stay wary of US stocks and bonds as inflation remains a threat and recession looms, according to Rebecca Patterson, chief investment strategist at Bridgewater Associates. Most Read from Bloomberg The stock market, which finished its best month since November 2020, has mistakenly given the benefit of the doubt to the Federal Reserve’s ability to engineer a soft landing, as officials try to cool inflation by raising rates without triggering a recession,… Source link

William White, seen here in 2021, died on Thursday at 56 after a lengthy battle with ALS. (Rey Del Rio/Getty Images) Former Detroit Lions safety William White died on Thursday night, the team announced. White, who was diagnosed with ALS in 2016, was 56. “I loved William. We shared experiences of joy and sorrow on and off the field,” special assistant to the Lions president and CEO Chris Spielman said in a statement about his former teammate. “I am forever grateful for the special moment… Source link

Secretary of State Antony Blinken and Russian Foreign Minister Sergei Lavrov spoke by phone on Friday about a U.S. proposal to secure the release of WNBA star Brittney Griner and fellow jailed American Paul Whelan. Blinken said he “pressed the Kremlin to accept” the offer during what he described as a “frank and direct conversation.” “I urged Foreign Minister Lavrov to move forward with that proposal,” Blinken said. “I’m not going to characterize his response and I’m not… Source link

The Golden State Warriors didn’t make too many waves last offseason while constructing what would be a championship roster, but Draymond Green was apparently gunning for a big splash. During an episode of his Draymond Green Show with Chicago Bulls star DeMar DeRozan, Green recounted how he tried to recruit his guest to the Warriors during free agency last summer. DeRozan was apparently not interested, though Green did not hesitate to point out that it all worked out for Golden State: “Last… Source link

Tech stocks have gotten some of their mojo back — at least for now. Some of the beaten down tech-related names have rebounded since the market’s most recent bottom on June 16. In our series “What to do in a bear market,“ Yahoo Finance examines Wall Street analysts’ recommendations on tech related holdings — against a backdrop of a slowing economy and the Federal Reserve’s moves to bring down inflation. On Wednesday, the central bank announced a 75 basis point rate hike. Fed Chairman Jerome… Source link

It’s a deal set to raise over $800 billion in the coming decade for everything from fighting climate change to extending Obamacare. And it’s projected to bring down the deficit to boot. Sens. Chuck Schumer (D-NY) and Joe Manchin (D-WV) surprised the world on July 27 when they released a sweeping, 725-page bill known as the Inflation Reduction Act (IRA) — instantly resuscitating a key Democratic agenda item aimed at bringing down costs for the middle class. The compromise comes after… Source link

The 2022 Rivian R1T.Tim Levin/Insider Layoffs at EV startup Rivian began this week. The company is cutting costs amid its production ramp-up and concerns about the economy. Former employees are posting on LinkedIn about the cuts, which impacted non-manufacturing roles. Layoffs at Rivian started in late July as the electric vehicle startup races to cut costs amid a challenging economic climate and pressure to increase production. Dozens of workers who say they are now-former employees have… Source link

The North Carolina Courage apologized to fans after re-signing Jaelene Daniels in 2021. (Photo by Bryan Byerly/ISI Photos/Getty Images). North Carolina Courage defender Jaelene Daniels, who declined to play for the U.S. national team in a Pride Month jersey, is now refusing to play for her club on Pride Night. The Courage play the Washington Spirit on Friday night in the National Women’s Soccer League, and will host an inaugural pre-match Pride Festival, a celebration of the LGBTQ+ community…. Source link

It doesn’t seem possible. After flailing for most of the past year and daring voters to send them packing, Democrats in Congress have produced important legislation to address urgent problems and maybe even improve people’s lives. Many Americans tune out Congress, for good reason. The legislating process is arcane and no institution in the country has a higher BS ratio. Yet every now and then Congress produces something that commands attention—as it has now. The first key bill is the Source link

Intel CEO Pat Gelsinger says things are unlikely to get worse at the company than the surprising challenges seen in a disappointing second quarter. “We believe that we are at the bottom,” Gelsinger said on Yahoo Finance Live on Friday (video above). “We have said that very plainly, that we are below the shipping rates of our customers. So we see that building back naturally. Also as we go into the second half you have some of the natural cycles like holidays as well. So all of those give us… Source link