Yahoo News

Yahoo, the nearly three-decade-old internet brand, is adding six new members to the privately held company’s board, including actor and entrepreneur Jessica Alba. Verizon Media sold Yahoo last year for $5 billion to private-equity firm Apollo Group, while the telco retained a 10% ownership stake. The company hired Jim Lanzone, former Tinder and CBS exec, as CEO. Joining Lanzone and representatives from Apollo and Verizon on the Yahoo board are: Alba, founder and chief creative… Source link

(Bloomberg) — China’s semiconductor industry is showing signs of flourishing even in the face of Biden administration efforts to counter its growth, raising alarm bells in Washington. Most Read from Bloomberg Chinese orders for chip-manufacturing equipment from overseas suppliers rose 58% in 2021, making it the biggest market for those products for a second year running, according to data provided by industry body Semi. While those figures appeared in April, the flood of machinery headed to… Source link

NEW YORK–(BUSINESS WIRE)–Yahoo today announced its board of directors with six new appointments. With expansive experience and extensive knowledge from multiple industries including consumer goods, digital media, financial services, sports entertainment, information technology, and private equity, Yahoo puts forth a comprehensive group of leaders to support its new era of growth and transformation. Joining CEO Jim Lanzone and the representatives from Apollo and Verizon, the new… Source link

U.S. stock futures traded sharply lower Monday morning, with traders betting a fresh decades-high print on inflation will force the Federal Reserve to get even more aggressive than previously anticipated to help ease rising prices. Contracts on the S&P 500 and Nasdaq 100 slid more than 2% and touched the lowest levels since November 2020 during the overnight session. Dow futures sank by more than 500 points, or about 1.7%. Treasury yields rose across the curve, and the benchmark 10-year yield… Source link

(Bloomberg) — Celsius Network Ltd. paused withdrawals, swaps and transfers after weeks of speculation over the sustainability of the outsized returns being offered by the DeFi lending platform, fueling a broad cryptocurrency selloff. Most Read from Bloomberg Crypto markets tumbled after the Celsius announcement, with Bitcoin dropping as much as 14% to the lowest level since December 2020 and other major tokens like Ether also falling sharply. Celsius’s CEL token was down about 50% to 19… Source link

By Yoruk Bahceli and Sujata Rao (Reuters) -U.S. two-year Treasury yields rose above 10-year borrowing costs on Monday – the so-called curve inversion that often heralds economic recession – on expectations interest rates may rise faster and further than anticipated. Fears the U.S. Federal Reserve could opt for an even larger rate hike than anticipated this week to contain inflation sent two-year yields to their highest levels since 2007. But a view is also playing out that aggressive rate hikes… 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 Monday, June 13, 2022 Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Many times in my career in financial markets, I’ve been able to spot trainwrecks before they happen. The trade-off for devoting every waking second to studying markets, the human beings… Source link

A housing bubble requires both a rush of speculators entering into the market and “overvalued” home prices. Oh, and the bust at the end, of course. Unlike the housing bubble that popped in 2008, the pandemic housing boom isn’t underpinned by a frenzy of speculation, Moody’s Analytics chief economist Mark Zandi says. While home flipping has certainly ticked up during the pandemic, he says, we aren’t seeing the exuberance of the last bubble. So is the coast clear? Well, not so fast. While… Source link

SAN FRANCISCO — Coming off Game 4 of the NBA Finals, Golden State Warriors star Andrew Wiggins has been seen in a new light with how he dug deep defensively and by dominating the glass to help his team even the series at 2-2. The lean, athletic forward registered 17 points, pulled down a career-high 16 crucial rebounds, had a starting unit high plus-minus of 20 and held Boston Celtics star Jayson Tatum to 23 points on 23 shot attempts. His desire to win and compete was displayed in his 43… Source link

Position players pitching is one of the most absurd things in sports. Yet it happens with regularity at the MLB level, where professional baseball teams on the wrong end of blowouts trot out most decidedly unprofessional pitchers to face big-league competition. Take, for instance, Frank Schwindel. The Chicago Cubs first baseman is a fine hitter and a solid source of power with eight home runs and 30 RBI in 56 games this season. He is not, however, a capable MLB pitcher. He found himself on the… Source link