Yahoo News

Discipline is the most important trait for day traders, says stock trading educator Teri Ijeoma. “The most important thing about day traders is having discipline,” the founder of Trade and Travel told Yahoo Finance Live. “You have to be able to follow a trading plan,” she said, adding that the “discipline to be able to sell or buy at the right time is important.” The S&P 500 (^GSCP) just capped its worst first half of the year since 1970 amid tighter monetary policy and fears of a recession…. Source link

The Boston Celtics got the point guard they were seeking Friday. Boston reportedly acquired Malcolm Brogdon in a trade with the Indiana Pacers, according to Adrian Wojnarowski of ESPN. The deal will cost the Celtics five players and a 2023 first-round pick. None of the players going back to the Pacers are considering part of Boston’s core. In exchange for Brogdon, the Pacers will receive Malik Fitts, Juwan Morgan, Aaron Nesmith, Nik Stauskas and Daniel Theis. Brogdon, 29, averaged 19.1 points… Source link

This article is part of our Yahoo DFS Baseball series. After a fairly quiet Thursday, baseball ramps back up with all 30 teams in action Friday. There are a few early start times, including a matchup between two storied franchises when the Cubs host the Red Sox. The evening portion is filled with battles between teams with playoff aspirations, including when the Guardians take on the Yankees. A battle for first place in the NL West will also continue when the Dodgers host the Padres…. Source link

Meta (META) could be bracing for a “tornado-like quarter,” says Wedbush Managing Director Dan Ives. The social media giant, like other tech companies, is scaling back hiring plans as it braces for an economic downturn. This week Meta’s founder and CEO Mark Zuckerberg said the company would cut back its hiring target for this year by at least 30%. “If I had to bet, I’d say that this might be one of the worst downturns that we’ve seen in recent history,” Zuckerberg told employees during a weekly… Source link

Free agent forward Otto Porter Jr. has reached an agreement with the Toronto Raptors on a two-year deal with the second being a player option, league sources told Yahoo Sports. The 2022 NBA champion is leaving the Golden State Warriors after a productive first season in the Bay. He averaged 8.2 points, 5.7 rebounds and shot 46.4% from the field. The journeyman bounced around the league in recent years, adding another stop in his NBA career. Porter Jr. was the third overall pick in the 2013 NBA… Source link

Expect to see some areas of the housing market cool more than others amid higher mortgage rates and a slowing economy, says one expert. “In the really overpriced markets, like Tampa, Austin, and West Palm Beach, you’re starting to see a lot of price reductions,” Ralph DiBugnara, president of Home Qualified told Yahoo Finance. “A lot of those areas were just very, very overpriced.” Those areas which saw the biggest price increases during the pandemic are now seeing some of the largest… Source link

Free agent guard Ricky Rubio has reached an agreement with the Cleveland Cavaliers on a three-year, $18.4 million, league sources told Yahoo Sports. Rubio is coming off a torn ACL he suffered in December. Before the injury, Rubio was having a productive season in his first season in Cleveland. He averaged 13.1 points, 6.6 assists and 4.1 rebounds in 34 games last season. The 11-year journeyman looked to finally have a place with an up-and-coming NBA team, providing a veteran presence behind… Source link

(Bloomberg) — A “recession shock” begins for markets following the worst first-half for the S&P 500 in more than 50 years, Bank of America Corp.’s Chief Investment Strategist Michael Hartnett says. Most Read from Bloomberg While expectations of aggressive rate hikes by the Federal Reserve are peaking, inflation expectations are not, and Bofa’s bull and bear indicator remains at “maximum bearish” for a third week in a row, Hartnett wrote in a note. Both stocks and bonds were rocked… Source link

The market’s challenges may persist, prompting Goldman Sachs to stay cautious on recommending stocks even though they are at far cheaper levels than six months ago. “Until the growth/inflation mix improves volatility is likely to linger as investors are shifting between inflation frustration and recession obsession,” Goldman Sachs strategist Christian Mueller-Glissmann wrote in a new note to clients, adding that Goldman is positioned “defensively” for the next three months until macroeconomic… 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 Friday, July 1, 2022 Today’s newsletter is by Sam Ro, the author of TKer.co. Follow him on Twitter at @SamRo. On Thursday, we learned the Fed’s preferred inflation measure — core PCE — moderated in May, rising 4.7% over the prior moth and marking the third-straight month of moderating price pressures. And while investors will be closely… Source link