Yahoo News

U.S. stock futures fell Thursday morning as investors weighed the potential economic costs of the Federal Reserve’s ongoing fight with inflation. Contracts on the S&P 500 fell by more than 2% in early trading, reversing course after rising 1.5% on Wednesday. Contracts on the Nasdaq declined by more than 2.5%, and Dow futures sank by more than 500 points, or 1.8%. The 10-year Treasury yield rose to about 3.44%, hovering near its highest level since 2011. Stocks, which moved initially to the… Source link

Gasoline prices remain above an average of $5/gallon nationally, according to AAA data, and energy experts still do not see any relief in sight. “We’re likely to get record highs on U.S. regular gasoline this summer, when demand typically peaks,” Stewart Glickman, energy equity analyst at CFRA Research, told Yahoo Finance. “Best guess, we peak around $5.50/gallon during the summer.” Citing refining capacity, he added: “If we’re going to get US gasoline prices to fall, it’s… Source link

Although he is a top option at the position, Lamar Jackson may not live up to his QB2 ranking on Yahoo. As we enter the summer and offseason activities quickly transform into the regular season, we need to turn our attention to where fantasy seasons are won and lost: pre-draft rankings. The following list includes players that are overpriced on one of the most popular fantasy football platforms around: Yahoo. Please note that the… Source link

(Reuters) – Wall Street’s main indexes opened mixed on Friday after a brutal selloff triggered by the Federal Reserve and other major central banks raising interest rates heightened recession fears. The Dow Jones Industrial Average fell 14.37 points, or 0.05%, at the open to 29,912.70. The S&P 500 opened lower by 0.87 points, or 0.02%, at 3,665.90, while the Nasdaq Composite gained 51.45 points, or 0.48%, to 10,697.55 at the opening bell. (Reporting by Devik Jain in Bengaluru) Source link

This marks my final NBA article of the season! It’s been a treat to help you guys all year, and I’ve really enjoyed picking up these Yahoo articles along the way. This is one of my favorite DFS sites to play on, and I hope many of you have been making money because of my picks! We have just one or two games remaining in the season, with Boston playing host in this must-win Game 6. Golden State took care of business in Game 5 at home, and it’s time for the Celtics to hold… Source link

Yahoo has announced a series of Metaverse and NFT-related activities in Hong Kong, a day after Meta Platforms outlined its own metaverse plans for the region. Yahoo, a US-based internet media company, revealed that it will host a series of virtual events and concerts for Hong Kong residents in the Decentraland metaverse. According to Lorraine Cheung, the head of audience at Yahoo Hong Kong, the company sees the Metaverse as an attractive alternative for Hong Kong residents looking to engage… Source link

Dallas Cowboys owner Jerry Jones has zero reason to worry about competing with another team in North Texas, but that’s not going to stop him from speaking his mind. Dallas mayor Eric Johnson made headlines earlier this week when he once again suggested the NFL give the Dallas-Fort Worth area another franchise. Johnson had previously floated the idea of an NFL expansion team coming to town, but he had a different idea this time. In reaction to news of a brewing Chargers ownership fight, Johnson… Source link

BOSTON — Robert Williams III has his good days and his bad days. The Boston Celtics big man underwent surgery on March 30 after suffering a torn meniscus in his left knee. He returned to action for Game 3 of the opening-round series against the Brooklyn Nets in just under a month. Ever since then, he has been listed as questionable leading up to each game he’s participated in the 2022 NBA playoffs. His availability status has not been a protective strategy to throw off the opposition. Team… Source link

Remember the outrage when a handful of U.S. oil refineries closed in 2020? If you don’t, that’s because there wasn’t any outrage. Oil and gasoline prices were blissfully low and the COVID-19 pandemic dominated the news. Hardly anybody noticed. Energy investors certainly did, however, because 2020 was one of the worst years in history for energy producers. Exxon Mobil notched the first loss in its history, a gigantic $22 billion write-off. The five biggest U.S. oil refiners — Marathon… Source link

(Bloomberg) — Analysts increasingly see a recession looming in the US following the Federal Reserve’s biggest increase in interest rates since 1994 and signs of weaker consumer spending. Most Read from Bloomberg The Fed hiked its policy rate by 75 basis points Wednesday to a range of 1.5% to 1.75%, as officials intensified their battle against inflation that’s remained stubbornly high. Wells Fargo & Co. now forecasts a “mild recession” starting in mid-2023, as inflation becomes more… Source link