Boston Celtics guard Derrick White will miss Game 2 of the Eastern Conference finals. (Stacy Revere/Getty Images) Boston Celtics guard Derrick White will miss Game 2 of the Eastern Conference finals against the Miami Heat on Thursday for personal reasons, the team announced. The Celtics could also be without big man Al Horford, who entered the NBA’s COVID-19 health and safety protocols prior to the series on Tuesday. White’s spouse is expected to give birth to their first child, Celtics coach… Source link
Read More »‘It’s time to be a real company,’ says media exec
Netflix (NFLX) has some work to do. Earlier this week, the company confirmed to Yahoo Finance that it will be laying off about 150 positions of the streamer’s 11,000 workforce in an effort to reduce spending and offset slowing revenue growth. “As we explained on earnings, our slowing revenue growth means we are also having to slow our cost growth as a company. So sadly, we are letting around 150 employees go today, mostly U.S.-based,” a Netflix spokesperson said in a statement. “These changes… Source link
Read More »Celtics look to even series against Heat
There was a lot working against the Boston Celtics in Game 1 of the Eastern Conference finals. It was going to be difficult for the Celtics to refocus after an emotional Game 7 win against the Milwaukee Bucks on Sunday. They had just one day in between games, after a tough series against the reigning champs. That’s a tough spot, especially against a good Miami Heat team. Then the Celtics took two roster hits. Al Horford was out due to health and safety protocols. Marcus Smart missed Game 1… Source link
Read More »Stock market news live updates: May 19, 2022
U.S. stock futures plunged ahead of market open Thursday, extending losses from a weeks-long sell-off on Wall Street that intensified in the previous trading session as disappointing retail earnings reignited concerns about the impact of inflation. Futures tied to the S&P 500 fell 1% following the index’s worst decline since June 2020. Contracts on the Dow erased 300 points after the benchmark logged a nearly 1,200-point drop on Wednesday to close at its lowest level since March 2021, and… Source link
Read More »Big retailers might soon be forced to offer big discounts
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 Thursday, May 19, 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. Yesterday, Target’s (TGT) earnings were a huge whiff. The stock market did not care for this news, and equities across the board tanked with the S&P 500 turning in… Source link
Read More »Billionaire founder of crypto exchange Binance says he’s ‘poor again’ after its luna holdings — once worth $1.6 billion — crashed and are now worth just $2,200
Changpeng Zhao, founder of Binance, joked he was “poor again” after the crypto luna took a dive.REUTERS/Darrin Zammit Lupi Crypto exchange Binance’s founder Changpeng Zhao tweeted “poor again” after crypto-token luna crashed. Binance’s holdings of the coin were once worth $1.6 billion but are now worth about $2,200. According to Bloomberg estimates, Zhao is still a billionaire and Binance is the world’s largest crypto exchange. Chanpeng Zhao, the wealthy founder of crypto exchange Binance, joked… Source link
Read More »Cisco Shortfall Jolts Wall Street as Lockdowns Roil Supply
(Bloomberg) — Cisco Systems Inc. spooked investors with a warning that Chinese lockdowns and other supply disruptions would wipe out sales growth in the current quarter, renewing broader concerns about tech spending in a shaky economy. Most Read from Bloomberg The outlook sent Cisco shares down as much as 19% in late trading and weighed on stocks of other networking companies, dealing a fresh blow to an already-battered sector. Even before Cisco’s latest plunge, its stock was down 24% this… Source link
Read More »Stock market news live updates: May 19, 2022
U.S. stock futures edged lower ahead of the overnight session Wednesday after a weeks-long sell-off on Wall Street deepened in earlier trading as disappointing retail earnings reignited concerns about the impact of inflation. Futures tied to the S&P 500 fell 0.5% following the index’s worst decline since June 2020, as all but eight stocks in the benchmark closing in negative territory during Wednesday’s session. Contracts on Dow futures erased 0.4% after the index logged a nearly 1,200-point… Source link
Read More »‘Crashes are the best times to get rich’ — here’s why Robert Kiyosaki thinks bitcoin’s plunge is great news and how you can take advantage of it
‘Crashes are the best times to get rich’ — here’s why Robert Kiyosaki thinks bitcoin’s plunge is great news and how you can take advantage of it Bitcoin is on a wild ride. The world’s largest cryptocurrency soared to $68,990 last November. Now, it’s at around $29,000 — a staggering 58% pullback from the peak. If the downtrend continues, Rich Dad Poor Dad author Robert Kiyosaki says he’s ready to start buying. “BITCOIN CRASHING. Great news,” he tweeted last week. “I am… Source link
Read More »77% of investment fund managers see an economic storm of slowing growth and high inflation taking hold over the next year
Top economists and money managers worldwide are warning that rising consumer prices and falling economic growth are combining to form a deadly recipe for the global economy—stagflation. Some 77% of investment fund managers say they see “below-trend growth and above-trend inflation,” a.k.a stagflation, as the most likely outcome for the global economy over the next year, according to a May survey from Bank of America Global Research. That’s the highest percentage seen since August… Source link
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