Yahoo News

U.S. stocks turned lower Monday following a report Apple (AAPL) plans to slow hiring and spending growth next year to prepare for a possible recession. Bloomberg News reported Monday afternoon that the hiring slowdown and cuts to spending will take place across certain divisions and stem from a move to “be more careful during uncertain times,” citing people familiar with the matter who asked to remain anonymous. Shares slid roughly 1.5%. The S&P 500 dipped 0.2%, while the Dow Jones Industrial… Source link

Netflix (NFLX) is set to report its fiscal second quarter earnings on Tuesday after market close as the company battles ongoing inflationary pressures, increased competition, and an uptick in subscriber churn. Here’s what Wall Street expects, according to Bloomberg consensus estimates: Revenue: $8.05 billion expected Adj. earnings per share (EPS): $2.99 expected Subscribers: Loss of 2 million users expected The streaming giant’s anticipated loss of 2 million paying users for the second quarter… Source link

For the last several months, Americans have nervously anticipated a recession as the market has fallen more than 20% since the beginning of the year. According to one longtime tech investor, the market could still recover but will likely face “systemic obstacles” on that journey. “None of us has a crystal ball, but it feels to me as though what’s going on now is the beginning, the middle, or something of a generational bear market,” Roger McNamee, an early Facebook and Google investor, told… Source link

At age 81, actress Donna Mills wants Hollywood to know she’s not going anywhere. The iconic star, who played the glamorous, scene-stealing Abby in Knots Landing, hopes her part in Jordan Peele’s highly-anticipated film, Nope, makes that clear. “I want to look to the future,” she tells The Daily Beast in a wide-ranging interview. “I’m not done yet.” Shortly after she left Knots, Mills decided to take a break from acting as she became a mom at 54. “I left the business for 18 years to raise… Source link

Dawn Staley does not let perceived injustices slide by, especially when they involve her national player of the year. The South Carolina women’s basketball head coach took aim at ESPN and the ESPYs, the company’s annual sports award event, on Sunday night for not inviting Aliyah Boston, a rising senior and dominant center in the NCAA. Boston was named the unanimous National Player of the Year in 2022 and led the Gamecocks to the national championship. She’s won the Lisa Leslie Center of the… Source link

If anything has become perfectly clear during the earliest weeks of fantasy draft season, it’s this: We cannot wait to not pick Josh Jacobs. We are aggressively not drafting Jacobs across all platforms. In fact, he’s currently falling outside the top-20 running backs at both Yahoo and NFC despite having never finished worse than RB16 in any season. He’s been mentioned in pretty much every bust, fade and must-avoid article published this summer. Jacobs, we’ve decided, is just another committee… Source link

Pete Alonso is a natural at MLB’s Home Run Derby. The New York Mets’ first baseman has won the derby twice in a row and is the favorite at BetMGM to make it a three-peat. He is +155, the shortest odds on the board. No player has ever won three in a row. Ken Griffey Jr., who won in 1994, 1998 and 1999, is the only three-time winner. There are a few reasons Alonso is good at the event. First, he’s a tremendous power hitter. Go figure. He has a repeatable swing that’s perfect for the event…. Source link

New York City may have seen the best installment yet of the Formula E electric racing series, on the streets of Red Hook, Brooklyn, this past Sunday. During an exciting hour of racing, DS Techeetah driver Antonio Felix da Costa held off Mercedes’s (MBG.DE) Stoffel Vandoorne for most of the race, with a hard-charging Mitch Evans of Jaguar TCS Racing finishing third as he worked his way up the field of closely matched competitors. Despite an exciting race here in New York City — the fifth… Source link

When Dustin Johnson tapped in a par putt on the 18th at St. Andrews to close out his round at the 2022 Open Championship, it marked a small but significant moment in golf history. Johnson would be the last LIV Golf player to compete in one of golf’s majors under current rules. (Or maybe Johnson wasn’t the very last. More on that later.) LIV Golf, the Saudi Arabia-backed breakaway tour that has lured Johnson, Phil Mickelson and other big-name players, has upended the entire golf world in… Source link

Yes, we believe the Detroit Pistons’ future is bright. Even Cade Cunningham was impressed by general manager Troy Weaver’s 2022 NBA draft class, calling it “magic.” But JJ Redick is especially high on the team’s young core and prognosis going forward, and gave a bold prediction that Pistons fans would love to see come to fruition. The former 3-point sharpshooter and current ESPN analyst predicted on his podcast last week the Pistons will be one of the best teams in the Eastern Conference in… Source link