Yahoo News

The U.S. job market is poised for a rapid slowdown as economic growth cools, Goldman Sachs warned in a new report. “We continue to expect that the slowing economy will lead job growth to fall sharply to 150k/month in 2022H2 and to 60k/month in 2023, causing the unemployment rate to gradually rise to 3.8% at end-2023 and 4.0% at end-2024,” Goldman Chief Economist Jan Hatzius said. “We see risks around this forecast as two-sided, reflecting elevated risk of a recession that would cause greater… Source link

LOS ANGELES — Superstar NBA guard James Harden and the Philadelphia 76ers are still ironing out the final details of a one-plus-one contract that will see him take a $15 million discount. But Harden said he is “locked in” with the Sixers and eager to get to work. In an exclusive interview with Yahoo Sports on Sunday, the 10-time All-Star revealed why he was willing to sacrifice financially for the betterment of the team, he touched on the offseason additions, discussed where he’s at… Source link

The Rusacks Hotel in St. Andrews stands right alongside the 18th fairway, with a gorgeous view of one of the most famous finishing holes in golf. The McIlroy family stayed there all week, and every morning, Rory McIlroy would look out his window and see the imposing yellow scoreboard that loomed over the 18th green. The banner along the front of the grandstands read EVERYTHING HAS LED TO THIS. For someone who hasn’t won a major in eight years, it seemed like a literal sign that this was his… Source link

The stakes are high on Wall Street this week as quarterly earnings seasons heats up with key results expected from companies including Netflix (NFLX), Tesla (TSLA), and Twitter (TWTR). Investors reeling from Wednesday’s CPI data may be dealt another blow if corporate financials show meaningful profit slowdowns, with higher costs, rising interest rates, and a potential slowdown in consumer spending all themes to watch. S&P 500 companies are expected to grow earnings at an estimated annual… Source link

(Bloomberg) — After drawing foreign capital into China’s markets for years, President Xi Jinping is now facing the risk of a nasty period of financial de-globalization. Investors point to one main reason why: Xi’s own policies. Most Read from Bloomberg Money managers once enticed by China’s juicy yields and huge tech companies now say reasons to avoid the country outweigh incentives to buy. They cite everything from unpredictable regulatory campaigns to economic damage caused by strict… Source link

This article is part of our Yahoo DFS Baseball series. Sunday marks the final day of games before the MLB All-Star break. There are 13 games on the DFS slate. That doesn’t include the Peacock game between the Blue Jays and the vaccinated members of the Royals, nor does it include either Los Angeles team, both of which have Sunday off. Still, you’ll have plenty of options for your lineups. Here are my recommendations. Pitching Logan Webb, SF vs. MIL ($45): Webb simply does not allow… Source link

One trend this earning season in the semiconductor industry has sparked murmurs of gluts — at least in some parts of the industry. The results from companies like Micron (MU) to Taiwan Semiconductor (TSM) have led analysts to wonder if chip companies may be facing a so-called toilet paper moment in the coming months. Chip demand has slowed due to global economic downturn after a year when these companies did everything they could to ramp up production. However, a close observer of the… Source link

Like countless other contract disputes, Twitter’s (TWTR) clash with Elon Musk over the Tesla CEO’s (TSLA) attempted exit from his $44 billion agreement to acquire the social media company turns on language that can be open to multiple interpretations. Don’t expect Twitter or Musk to admit that the legalese laying out the terms of their merger agreement leaves the slightest ambiguity about their respective rights, though. After publicly taunting Twitter with the threat of a hostile… Source link

Ryan Garcia looked fantastic Saturday in his 6-round destruction of Javier Fortuna in Los Angeles. (AP Photo/Ringo H.W. Chiu) Four years ago, Ryan Garcia, Teofimo Lopez, Devin Haney and Gervonta Davis were all fledgling lightweights with oversized personalities who were overflowing with talent. Speed, power, quickness, intelligence, charisma, punching accuracy, courage — you name it, this quartet had it all. And now they’re in their primes and it’s time for them to be the modern version… Source link

Gold medalist Fred Kerley, of the United States, center, stands with silver medalist Marvin Bracy, of the United States, right, and bronze medalist Trayvon Bromell, of the United States, after the final in the men’s 100-meter run at the World Athletics Championships on Saturday, July 16, 2022, in Eugene, Ore. (AP Photo/Ashley Landis) The American men swept the medals in the 100 meters at the World Athletics Championships on Saturday night. Fred Kerley was the gold medalist, out-leaning Marvin… Source link