Yahoo News

The reaction to retail earnings this week may be too bearish on the state of the consumer, says one investing expert. “Candidly, I think some of the read on the retailers is more pessimistic on the state of the consumer than what our data shows,” Andy Sieg, president of Merrill Wealth Management, told Yahoo Finance Live on Thursday. “When we look at checking and savings accounts across Bank of America, we see our client base, which is 67 million households across the U.S. in strong… Source link

The market is in full panic mode. The S&P 500 is down 18% year to date. The Nasdaq is down a staggering 27%. And even the Dow Jones — made up of the 30 most prominent publicly-traded companies — is in correction territory. According to Bank of America, there’s one thing that might save the stock market in 2022: money that corporations can return to shareholders. “The best hope for 2022 bulls lies in the ability of investors to dislodge the $7.1 trillion in idle U.S. corporate cash,”… Source link

(Bloomberg) — Twitter Inc. executives told employees on Thursday that the $44 billion deal to sell the company to billionaire Elon Musk is moving forward as planned, and that they won’t renegotiate the agreed-upon price of $54.20 per share. Most Read from Bloomberg Vijaya Gadde, Twitter’s top lawyer and head of policy, also told workers at an all-hands meeting that there is “no such thing as a deal being on hold,” according to people who attended the meeting. She was pushing back on… Source link

Jayson Tatum and the Celtics look to bounce back in Miami for Game 2 of the East Finals. After a Game 1 masterpiece from Miami — in which they trailed by double digits but used a third-quarter run to dominate — it was never really close after that. The Heat got a gem of a game from Jimmy Butler in that victory, and he’ll obviously be featured in this article! With that in mind, let’s start by looking at the injury report. Create the optimal lineup using our NBA DFS lineup optimizer… Source link

A former television reporter for the Atlanta Braves is recovering after she was hit during another Major League Baseball game earlier this week. A 95 mph line drive struck Kelsey Wingert in the head during Monday night’s game between her current team the Colorado Rockies and the San Francisco Giants. [DOWNLOAD: Free WSB-TV News app for alerts as news breaks] The Giants’ Austin Slater hit a foul ball off Rockies pitcher Daniel Bard in the ninth inning. The ball hit Wingert where she was… Source link

A woman from Rogers, Ark., is going viral after showing off the “fancy” Walmart Marketplace in her town. The video comes from a TikTok user named Sarah (@reallifesarah918). Her clip, shared on May 3, has since drawn almost 2 million views. Federal Reserve raises interest rates for first time since 2018 Sarah’s post follows an ongoing trend in which users share the supposedly upscale versions of everyday businesses and chains. In one video, a New Yorker showed off a “fancy” Home Depot… Source link

“The housing market is looking increasingly vulnerable with a price correction possible,” says one economist. ING’s chief international economist James Knightley points to the rapid rise in home prices making it more challenging for prospective buyers to save for a deposit at a time when inflation is shrinking real incomes and confidence is suffering. “On top of this, the latest housing data shows that this sector is the most vulnerable to the rising rates environment with the growing… Source link

U.S. stocks continued a steep selloff on Thursday after disappointing earnings reports from Target and Walmart affirmed fears over inflation, which remains close to its highest level in 40 years. In a recent interview with Yahoo Finance, hedge fund founder Josh Friedman acknowledged that Federal Reserve Chair Jerome Powell is currently doing a good job of trying to “wring out” this sky-high inflation. Still, he suggested that the Fed may have stoked inflation with its response to the… Source link

A civil lawsuit alleges that a former Yahoo employee stole valuable intellectual property when he downloaded approximately 570,000 pages of proprietary source code, ad placement algorithms, internal strategy documents and more upon securing a job offer from The Trade Desk, a direct competitor of Yahoo’s advertising technology arm. A civil suit indicates that Yahoo Ad Tech, together with Oath Holdings – a financial subsidiary of Yahoo Inc – are suing Qian Sang, who previously served as… Source link

A civil lawsuit alleges that a former Yahoo employee stole valuable intellectual property when he downloaded approximately 570,000 pages of proprietary source code, ad placement algorithms, internal strategy documents and more upon securing a job offer from The Trade Desk, a direct competitor of Yahoo’s advertising technology arm. A civil suit indicates that Yahoo Ad Tech, together with Oath Holdings – a financial subsidiary of Yahoo Inc – are suing Qian Sang, who previously served as… Source link