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(Bloomberg) — Alibaba Group Holding Ltd. ramped up its share buyback program to $25 billion, expanding that arsenal for a second time in less than a year to stanch a $470 billion loss of value during Beijing’s internet crackdown. Most Read from Bloomberg The board of China’s e-commerce leader has approved the program, which will run for two years through to March 2024, the company said in a statement. It also appointed a new independent director in Shan Weijian, chairman of alternative… Source link

No. 5 seed Notre Dame left nothing in doubt advancing to the Sweet 16 on Monday night. The Fighting Irish knocked out No. 4 Oklahoma, 108-64, at the Sooners’ Lloyd Noble Center in the Bridgeport region of the NCAA women’s basketball tournament. The 44-point winning margin is the largest by a team seeded equal to or lower than its opponent, per ESPN Stats and Information. They are the first women’s or men’s team to defeat a better-seeded team by at least 40 points, according to Stats… Source link

Phil Mickelson will not play in the 2022 Masters. The three-time winner of the green jacket is on a sabbatical from golf following inflammatory comments about a proposed new Saudi Arabia-backed golf league. Mickelson’s name did not appear on the list of entrants posted on the Masters’ website, instead listed under the heading of “Past Champions Not Playing.” Golf Digest confirmed that Mickelson will not be playing in 2022. Mickelson is on a self-imposed sabbatical after the February publication… Source link

U.S. equity futures ticked slightly higher heading into overnight trading Monday after hawkish remarks from Federal Reserve Chair Jerome Powell snapped last week’s winning streak on Wall Street. Contracts tied to the S&P 500, Dow Jones Industrial Average and Nasdaq Composite were just above breakeven in extended hours following a choppy session that saw all three indexes close lower to start the week. The Fed’s top leader reiterated in comments at the National Association for Business… Source link

At the start of the offseason, it seemed the most likely quarterback to switch teams was Jimmy Garoppolo. It’s not like anyone made a secret of a looming trade as the San Francisco 49ers‘ season ended. Yet, Garoppolo is still with the 49ers and there’s no obvious potential landing spot. Monday’s activity included Matt Ryan being traded to the Indianapolis Colts, Marcus Mariota replacing Ryan on the Atlanta Falcons, and Jameis Winston re-signing with the New Orleans Saints. It’s getting late in… Source link

How Long Will $600,000 Last in Retirement? One of the biggest worries associated with retirement planning is making sure you have enough money tucked away. While some people might aim to save $1 million or even $2 million for the future, your goal might be to save $500,000 or $600,000 instead. But just how long will $600,000 last in retirement? And is it enough? Asking those kinds of questions can help you shape your retirement savings strategy. Something else that can help you shape your… Source link

Ransomware attacks on the supply chain are undermining national security, according to a U.S. Customs and Border Protection intelligence bulletin obtained by Yahoo News, and will cause further congestion at ports of entry and delays in shipping nationwide. Hackers and ransomware groups are targeting American logistics and shipping companies, the bulletin states, and the ongoing attacks threaten to cripple the already strained supply chain, limiting customs enforcement capabilities and… Source link

Stocks experienced a brutal correction in January before bouncing to end the month down roughly 5%. That may be just the start of the pain for passive “buy-and-hold” investors, according to Barry Bannister, the chief equity strategist at Stifel, a St. Louis–based investment bank. In fact, the strategist is predicting an entire decade of suffering ahead for markets as the Fed raises interest rates, with 0% returns for investors. “Buy and hold is the ideal strategy in the bull phases…but… Source link

Just days after the Freddie Freeman era ended in Atlanta, the Matt Ryan epoch has come to a close as well. The Falcons traded their longtime franchise cornerstone to the Indianapolis Colts for a 2022 third-round draft pick, per multiple media reports. Specific financial terms of the deal have not been disclosed. Matt Ryan’s time in Atlanta is reportedly over, as the Falcons are trading him to the Colts for a third-round pick. (Rich Barnes-USA TODAY Sports) Atlanta selected Ryan with the third… Source link

The Senate Judiciary Committee’s top Democrat opened the hearings for Supreme Court nominee Ketanji Brown Jackson on Monday by brushing away attacks from Republicans who claimed she had been too lenient on “child porn offenders.” The committee’s chair, Sen. Dick Durbin, D-Ill., referred to the allegation in his opening remarks. And by way of rebutting it, he cited an unlikely source: Andrew McCarthy, a conservative former prosecutor and National Review columnist. In a series of tweets… Source link