Yahoo News

Between a tanking stock market, soaring inflation, and mounting recession fears, Americans are turning on the economy. And somewhere, Vladimir Putin is probably smiling about it. Amid all the chaos, inflation has become the biggest financial concern of nearly every American as prices rise for everything from gas to groceries. There are several reasons that inflation reached a 40-year-high of 8.6% last month, including rising rents and labor costs. But economists say a major driver is Russia’s… Source link

This article is part of our Yahoo DFS Baseball series. It’s almost the official start of summer – the season for baseball – but we’re well into the season already. The primary DFS contests on Yahoo consist of 12 games starting at 4:05 p.m. ET or later with the doubleheader between the Mariners and Angels having been omitted. Here are my DFS recommendations to try and help make this a weekend of winning. Pitching Jeffrey Springs, TAM at BAL ($43): After starting the season in the… Source link

BOSTON — Jayson Tatum, as dejected as we have seen him in his nascent career, lolled out of the press room following his Boston Celtics’ NBA Finals loss to the Golden State Warriors and hugged his father. “It hurts,” Tatum had just told a horde of reporters huddled in a corner of TD Garden, as the smell of cigar smoke emanated from the nearby visitors’ locker room. “I feel like I could have done a lot of things better.” Following a lengthy discussion, the first team All-NBA forward exited… Source link

Many banks are finally increasing the yields on their online savings accounts and certificates of deposit, tracking the interest-rate hikes the Federal Reserve started in March to combat higher prices. For instance, Ally Bank increased its online savings account’s annual percentage yield (APY) to 0.90% from 0.75% last week, while American Express upped its high-yield savings account yield to 0.75% from 0.65%. More increases could be on the way after the Fed this week hiked its rate again —… Source link

Charles Barkley isn’t afraid to speak his mind. It’s one of the many reasons that after a Hall of Fame basketball career he’s one of the most popular sports analysts in the business. During an appearance on the Pat McAfee Show on Friday, the 11-time All-Star and current analyst for TNT dished on the LIV Golf and PGA Tour controversy and supported players who took the money to join the Greg Norman led series that is funded by Saudi Arabia’s Public Investment Fund. “I want all the LIV… Source link

As the U.S. economy grapples with soaring inflation and rising interest rates that could trigger a recession, the Biden administration is being blamed for overheating the economy with too much stimulus aid in the wake of the COVID-19 pandemic. In an interview with the Associated Press published Thursday, President Joe Biden called the notion that the federal stimulus package caused inflation “bizarre.” Still, some prominent figures, including personal finance expert Suze Orman, have questioned… Source link

Wednesday’s decision by the Federal Reserve to hike interest rates by 75 basis points was its biggest hike since 1994, and economists are starting to digest what a paradigm change it is. One of the world’s most prominent Fed watchers, Mohamed El-Erian, chief economic adviser of financial services firm Allianz and president of Queens’ College at Cambridge, says it’s part of a “great awakening” for central banks, as several others took action this week. For instance, the Swiss… Source link

As gas prices top $5.00 a gallon nationwide and economists ponder when demand destruction will really kick in, many wonder whether the electric vehicle (EV) industry is benefitting. Data shows that new EV purchases jumped in Q1, and many industry watchers speculate high gas prices are driving this behavior. But a new study from Autolist — an online car shopping platform— shows gas prices actually are not driving more EV consumer sentiment. “This was a little bit of a surprise for us,”… Source link

This article is part of our Yahoo DFS Baseball series. Get ready for a packed Friday with 16 games scheduled across baseball, which includes a doubleheader between the Phillies and Nationals. As far as exciting series go, there will be no shortage of them. The Blue Jays will host the red-hot Yankees and try to start whittling away at the Yankees’ division lead in the process. The Red Sox also have some catching up to do in the AL East, but they will be met with a tough foe when they… Source link

Fears of an economic downturn are growing among CEOs, with some convinced the economy has already rolled over. The majority of chief executive officers and other C-suite leaders across the globe believe their geographic region will enter a recession by the end of 2023, according to a survey from the Conference Board released Friday. The business research firm found that 60% of CEOs expect the economy to contract in their primary area of operations in the next 12 to 18 months. Some 15% of CEOs… Source link