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Apple (AAPL) announced an exclusive global media partnership with Major League Soccer (MLS) on Tuesday and according to one Wall Street analyst, the deal is “just the appetizer” for the tech giant. “They’re doubling down on live sports content, and that’s a big strategy for Cupertino on the content front,” Wedbush Securities Managing Director Dan Ives told Yahoo Finance, referring to Apple’s headquarters in California. “MLB, now MLS, that’s just the start of what we see as much more… Source link

The S&P 500 plunged into a bear market earlier this week for the first time since March 2020, sending many investors into a tizzy. According to one financial advisor, however, the sell-off could present a buying opportunity — particularly in bank and energy stocks and companies like Verizon. “I think any of those old-school value names right now are great to have in your portfolio,” Payne Capital Management President Ryan Payne said on Yahoo Finance Live (video above). “And don’t… Source link

LIVE: Fed Chair Jerome Powell delivers remarks following FOMC meeting – Yahoo Finance Source link

Elon Musk has publicly stated his belief that the US is heading toward a recession.Yasin Ozturk/Getty Images Elon Musk, Tesla’s CEO, said earlier this month that the company would cut 10% of staff. Job cuts appear to have started, with Tesla staffers saying on LinkedIn that they’ve been laid off. The Tesla staffers posting on LinkedIn come from various departments across the company. Tesla has begun to trim its workforce in earnest after CEO Elon Musk announced earlier this month that he planned… 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 Wednesday, June 15, 2022 Today’s newsletter is by Brian Cheung, an anchor and reporter covering the Fed, economics, and banking for Yahoo Finance. You can follow him on Twitter @bcheungz. Up until last Friday, the Federal Reserve’s game plan for tackling rapid inflation was clear: raise interest rates by half a percent on June 15. In the last few… Source link

Yahoo will launch a series of metaverse activities in Hong Kong to explore the use of immersive advertising technologies, the US internet company said on Wednesday, a day after Facebook owner Meta Platforms announced similar plans. According to Yahoo’s announcement, the company wants to hold virtual concerts and exhibitions on popular metaverse platform Decentraland, featuring local idol groups and artists. It also plans to release a limited amount of non-fungible tokens (NFTs). “Yahoo Hong… Source link

St. Louis Cardinals pitcher Miles Mikolas fought through 128 pitches Tuesday, and was one strike away from throwing the second solo no-hitter of the MLB season. Yet on what would have been the last pitch of the night, Pittsburgh Pirates rightfielder Cal Mitchell spoiled the moment. Mitchell, with two outs and a pair of strikes, hit a deep shot to centerfield that bounced once before hopping the fence at Busch Stadium. That ground-rule double killed the no-hitter at the last possible moment. The… Source link

(Warning: This story contains allegations of sexual misconduct.) HOUSTON — As the depositions in the Deshaun Watson case continue to unfold, the trenches being dug by each legal camp are becoming more defined. Few exchanges may have been more revealing than last week’s lengthy questioning of Houston Police Department detective Kamesha Baker, whose 230-page deposition has been obtained by Yahoo Sports. Baker is one of two officers previously assigned to investigate 10 criminal complaints… Source link

Brittney Griner’s pretrial detention was extended by 18 days on Tuesday, which will keep her in Russian custody until at least July 2, a state news agency said via The New York Times. This marks the third time the Phoenix Mercury star’s pretrial detention was extended by a Moscow court, something that is reportedly typical in Russia. This latest extension was granted at the request of investigators, per the report. Griner was arrested Feb. 17 after officials claimed they found vape… Source link

NBC Sports has picked former Dallas Cowboys head coach Jason Garrett to replace Drew Brees as an analyst on “Football Night in America,” the network announced Tuesday. Brees departed NBC after one season of working as a Sunday night analyst and color commentator for Notre Dame games. His exit was reported last month and confirmed earlier this week by NBC Sports chairman Pete Bevacqua, who said Brees wanted to spend more time with his family in retirement. Garrett has been working for NBC as an… Source link