Yahoo News

(Bloomberg) — Not many industry experts would shrug off a 35% drop for the S&P 500, but six-decade Wall Street veteran George Ball says a fall of that magnitude would be a normal adjustment. Most Read from Bloomberg Ball, chairman of Houston-based investment firm Sanders Morris Harris, predicts the S&P 500 will bottom at 3,100 from its all-time high of 4,796 in January. While he said the plummet will be uncomfortable, he doesn’t consider the outlook to be too grim, in part because of the… Source link

LAS VEGAS – Jared Cannonier remembers the first time he met Israel Adesanya. It was Nov. 3, 2018, the night he defeated David Branch in his middleweight debut at UFC 230. Adesanya also fought and won earlier in the evening against Derek Brunson in just his fourth UFC bout. Both men got TKO finishes. Cannonier was already a fan of Adesanya’s at that point and afterward spoke with him backstage at Madison Square Garden. “I introduced myself to him and congratulated him on his fight,… Source link

Michael Burry said on Tuesday that the U.S. labor market is about to be sliced in half, with blue-collar workers remaining a sought-after commodity, while white-collar workers see job losses and falling wages. In other words, the good times are ending for office workers. “I see a bifurcated labor market developing as unskilled and semiskilled remain in short supply, but white-collar workers, having proven their redundancy during COVID, will find gross excess in the labor market, pressuring… Source link

This article is part of our Yahoo DFS Baseball series. Wednesday’s busy slate includes a lot of day games. One of them is a marquee matchup between the Mets and Astros in which Justin Verlander will take the hill for Houston. The Yankees will also have an early start time when they deploy Jameson Taillon against the Athletics. As far as the evening games go, there are several key series, one of which is the Guardians hosting the Twins. The Blue Jays will start Alek Manoah against the… Source link

The Denver Nuggets are parting with Will Barton after eight seasons. (AAron Ontiveroz/MediaNews Group/The Denver Post via Getty Images) The Denver Nuggets will trade Will Barton and Monte Morris to the Washington Wizards in exchange for Kentavious Caldwell-Pope and Ish Smith ahead of NBA free agency, according to multiple reports. In his first move since taking over basketball operations in the wake of team president Tim Connelly’s departure, Nuggets general manager Calvin Booth made a deal to… Source link

The U.S. economy shrank at an annualized pace of 1.6% in the first quarter, reflecting a deeper contraction than previously reported. The Bureau of Economic Analysis’s third and final estimate of first-quarter GDP released Wednesday morning showed a 1.6% annualized drop in economic growth to start 2022, more than the 1.5% previously reported and which was expected by economists, according to estimates from Bloomberg. Real gross domestic product (GDP) decreased at an annual rate of 1.6 percent… Source link

Billionaire hedge fund manager Bill Ackman reiterated recent calls on Twitter Tuesday morning for the Federal Reserve to intervene aggressively to tame inflation. Ackman’s latest tweet comes a day after a key economic report showed U.S. consumers have the most pessimistic economic outlook in nearly a decade. “Consumer confidence is weak because of inflation, not because of the economy. Jobs are plentiful and the economy is strong,” the Pershing Square founder said in a tweet. “The Source link

55 per cent of Canadians said Trudeau has no solid plan to fight inflation and bring prices down. (Photo by JOHN MACDOUGALL/AFP via Getty Images) A majority of Canadians believe Prime Minister Justin Trudeau and Finance Minister Chrystia Freeland have “no solid plan” to tackle inflation and rein in prices, a new Yahoo/Maru Public Opinion poll has found. According to the survey of 1,515 Canadians, 55 per cent said Trudeau has no solid plan to fight inflation and bring prices down, while 20 per… Source link

US stocks fell Wednesday morning, extending Tuesday’s losses as investors remained focused on mounting signs of a slowdown in US economic growth. The S&P 500 traded lower shortly after market open, following a 2% slide in the index a day earlier. The Dow Jones Industrial Average edged lower, while the Nasdaq Composite underperformed as technology stocks remained under pressure. Bitcoin also fell, and prices briefly fell below $20,000. West Texas intermediate crude oil futures rose above $112… Source link

One of the long-expected NBA free agency deals made some headway Tuesday, and when free agency opens on Thursday, the New York Knicks are expected to present Jalen Brunson a four-year offer in the vicinity of $110 million, league sources told Yahoo Sports. The Knicks reportedly created cap space to offer Brunson that deal when they traded center Nerlens Noel and guard Alec Burks to the Detroit Pistons, clearing $19 million in salary. The Knicks also sent 2023 and 2024 second-round draft picks… Source link