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The Brooklyn Nets will get Kyrie Irving back full time after all. New York City relaxed its COVID-19 vaccine mandate Thursday, allowing exemptions for athletes and entertainers. This change will allow Irving to play in home games for the Nets at the Barclays Center, and allows unvaccinated New York Mets and Yankees players to play in home games this season. The NBA and NBPA released a joint statement Thursday thanking New York Mayor Eric Adams for making the decision. The league and its players… Source link

U.S. equity futures were little changed in extended trading Wednesday after stocks retreated from a mini-comeback to resume losses in the trading session as investors continued to juggle a number of risks, including the Federal Reserve’s inflation flight and Russia’s war in Ukraine. Contracts on Wall Street’s main benchmarks hovered around breakeven headed into overnight trading. Wednesday marked two years since the S&P 500 bottomed in the 2020 global stock market crash after the World… Source link

Starbucks (SBUX) is facing accusations of union-busting tactics after two employees in Phoenix alleged that they were punished for taking part in pro-union activities. The coffee chain workers at the Arizona store claim that store managers are responsible for “interfering with, restraining, and coercing employees” as an attempt to dissuade them from unionizing, a complaint filed with the National Labor Relations Board (NLRB) alleged. “[This is] the first step in holding Starbucks… Source link

To become a Vogue Business Member and receive the Technology Edit newsletter, click here. As a global media and tech company, Yahoo reaches more than one-third of the US’s Gen Z audience, but it’s hoping to build on that — and it’s turning to fashion to do it. “Fashion is such a high-interest category of the Gen Z audience,” says Joanna Lambert, president and general manager of Yahoo. Yahoo has begun working with New York fashion designers on projects that use technologies… Source link

While the Moscow Exchange is set to reopen Thursday after a four-week shutdown, trading in Russian stocks listed on international exchanges remains on pause indefinitely — and the suspension is dramatically lifting the risk of default for these companies. Since stock exchanges worldwide halted trading of Russia-linked companies over the country’s invasion of Ukraine, the median one-year market signal probability of default for nearly two dozen foreign-listed Russian enterprises has spiked… Source link

It’s no surprise that Elizabeth Holmes’ co-defendant and former boyfriend, Ramesh “Sunny” Balwani, came out swinging against her Tuesday in opening statements to his criminal fraud trial, defense lawyers say. “Sunny Balwani did not start Theranos. He did not control Theranos,” Balwani’s attorney, Steve Cazares, told jurors in opening arguments, The New York Times and other media organizations reported. The description of Balwani’s role countered that of prosecutors, who Source link

Oil at $150 a barrel is not “outside the realm” of possibilities, says one energy trader. “It’s hard to take anything off the table right now. Russia is starting to retaliate with its own response to U.S. sanctions, whether that’s demanding payments in rubles or potentially not allowing crude to flow through a very prominent pipeline through Kazakhstan,” Rebecca Babin, senior equity trader for CIBC Private Wealth, told Yahoo Finance Live. “As we’ve seen this escalate in ways that were very low… Source link

The reaction to a potential COVID-19 vaccine breakthrough for young children out of Moderna (MRNA) may have some traders scratching their heads. Shares of the biotech fell 3% on Wednesday on positive interim data released by Moderna for its coronavirus vaccine for children under six years old. Moderna said the shots were about 44% effective in preventing Omicron in children six months up to two years old. “We believe these latest results from the KidCOVE study are good news for parents of… Source link

Starbucks stock (SBUX) has fallen out of favor with investors. Shares of the coffee-selling powerhouse are down 20% in the past year, according to Yahoo Finance Plus data, badly lagging the S&P 500’s 14% gain. McCafé coffee seller McDonald’s has seen its stock rise 6% in the past year, while Restaurant Brands (which owns coffee chain Tim Horton’s) shares are down 10%. Jefferies analyst Andy Barish in a new note on Wednesday points to three things holding back shares of Starbucks. “The factors… Source link

Disney workers are taking a stand amid the company’s response to Florida’s controversial Parental Rights in Education Act, which critics have infamously dubbed the “Don’t Say Gay” bill. On Tuesday, employees staged several walkouts in protest of CEO Bob Chapek’s handling of the bill, which passed through the state’s legislature and is now awaiting signature from Florida Governor Ron DeSantis. If signed, the bill would prohibit classroom discussions regarding sexual orientation and gender… Source link