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‘They’ll chicken out’: Fund legend Rick Rule says the Fed won’t keep hiking rates aggressively to prevent ‘amazing damage.’ Here are 3 spots he likes for your dough The Fed is raising interest rates aggressively in an attempt to tame raging inflation. But according to legendary investor Rick Rule — former president and CEO of investment fund Sprott U.S. Holdings — things may not go as planned for America’s central bank. “I think they’ll chicken out,” he told Stansberry… Source link

As expected, given the financials involved, Los Angeles Lakers point guard Russell Westbrook will exercise the $47.1 million option on the final year of his contract, league sources told Yahoo Sports. Westbrook’s deal has been a depreciating asset since he signed it in the months after his 2017 NBA MVP campaign with the Oklahoma City Thunder. The nine-time All-Star has been traded to the Houston Rockets, Washington Wizards and Lakers over the past three years. The 33-year-old’s career-high… Source link

Since launching in 2016, Pokemon Go has driven enthusiasts to chase their favorite monsters in delivery rooms, at funerals, and even inside the White House. Soon, we’ll see how far hoopheads will go in search of their favorite players. Niantic, the makers of Pokemon Go, announced a partnership with the NBA Tuesday, with plans to launch a similar mobile game featuring NBA stars. More from Sportico.com NBA All-World is set to debut later this year, hoping to draw fans around the world to… Source link

The Seattle Seahawks had to have a backup plan. You don’t just trade a future Hall of Fame quarterback like Russell Wilson and not have the next step mapped out. You don’t ship Wilson, in his prime, and go into the season with Drew Lock as his replacement. The Seahawks disagree. For many years the Seahawks have been proudly unconventional. They wanted to establish the run when they had Wilson, DK Metcalf and Tyler Lockett in the passing game. They’d make draft picks that would stun the league…. 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, June 28, 2022 Today’s newsletter is by Emily McCormick, a reporter for Yahoo Finance. Follow her on Twitter. The Federal Reserve is working hard to bring down inflation, raising interest rates at the fastest pace in nearly 30 years. Recently, some analysts have begun to explore the idea that inflation may moderate in the coming months. But… Source link

If you’re trying and failing to access Yahoo! Mail this morning you are definitely not alone. The hugely popular messaging service appears to be having some major issues with hundreds of reports that its users can’t read, reply, send or open new emails. However, one of the biggest problems appears to be users seeing their full inbox but then getting an error that reads “We couldn’t load this message,” when they try and check an individual email. The gremlins first appeared at around 9.30am… Source link

The world’s third-largest maker of semiconductor wafers, Taiwan’s GlobalWafers, announced plans to build a $5 billion factory in the U.S. on Monday—but only if the government helps pay for it. “This investment that they’re making is contingent upon Congress passing the CHIPS Act. The [GlobalWafers] CEO told me that herself, and they reiterated that today,” U.S. Commerce Secretary Gina Raimondo told CNBC, the same day GlobalWafers announced its development plan. Congress actually Source link

(Bloomberg) — Chinese technology stocks fell as a plan by Tencent Holdings Ltd.’s major backer to further cut its stake in the company fueled concerns more investors may look to take profits following a strong rally. Most Read from Bloomberg The Hang Seng Tech Index slid as much as 2.9% Tuesday, the most since June 22, before paring some losses. Tencent slumped as much as 5.8%, the most in nearly six weeks, after Prosus NV on Monday said it intends to sell more of the mobile gaming… Source link

The Houston Rockets paid a healthy John Wall $44.3 million to sit on their bench last season. (Carmen Mandato/Getty Images) John Wall’s strange tenure with the Houston Rockets is coming to an end. The Rockets have agreed to a buyout of the final year of Wall’s massive contract, sources told Yahoo Sports, paving the way for the five-time All-Star to resurrect his career with a competitive team. Wall’s agent Rich Paul, CEO of Klutch Sports, is meeting with Rockets general manager Rafael Stone… Source link

Users of the email service Yahoo Mail have been experiencing issues this morning (Tuesday, June 28), with many facing problems opening their messages. Reports via DownDetector showed problems started occurring for some users just after 7am and have continued steadily throughout the morning. In certain cases, Yahoo Mail has worked fine via mobile, but those trying to access the service on a desktop or laptop computer are still facing problems. One user posted on Twitter about… Source link