Yahoo News

Cleveland Cavaliers star Jarrett Allen will not have surgery on his fractured left middle finger, and there is optimism he could return before the end of the regular season, league sources told Yahoo Sports. Allen, 23, was deliberating if he would undergo a surgical procedure or allow the finger to heal organically, sources said. Due to swelling remaining present, a potential return date is unknown. The plan is to take it day-by-day with hopes the 6-foot-11 center will return to the lineup at… Source link

Netflix (NFLX) is taking a beating on Wall Street. Shares of the streaming giant have cratered 52% since reaching record highs in November 2021. So far, 2022 has not aided the slump, with shares down a whopping 45% year-to-date. “The concern is the the growth outlook,” Dave Heger, Edward Jones senior equity analyst, told Yahoo Finance Live, citing the company’s disappointing subscriber outlook as a catalyst for the sell-off. In its latest earnings report, Netflix said it expects to add 7… Source link

As Japan begins to open its borders to foreign travel following a three-month restriction in response to the Omicron variant, Pacific airline companies are preparing to reap the benefits of increased travel activity to and from the East Asian nation. “We’re gearing up in anticipation of the Japanese market, which is the most important international market for Hawaii opening up over the next couple of months,” Hawaiian Airlines CEO Peter Ingram told Yahoo Finance Live in a recent… Source link

Apple’s stock (AAPL) looks like a good buy on weakness, argues one strategist. “We actually bought Apple over the last couple of weeks. I mean the name has come down tremendously. So I think you can go in and buy that name. They have such a strong balance sheet and they have a tremendous cash position,” said Crossmark Global Investments chief markets strategist Victoria Fernandez on Yahoo Finance Live. To be sure, Apple’s stock hasn’t been immune to the broader pullback in tech stocks this… Source link

Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk posted in a Twitter thread on Monday advising followers to own “physical things” when inflation is high. In the tweet, Musk said “As a general principle, for those looking for advice from this thread, it is generally better to own physical things like a home or stock in companies you think make good products, than dollars when inflation is high. I still own & won’t sell my Bitcoin, Ethereum or Doge fwiw.” The biggest takeaway for some followers… Source link

After a prolonged back and forth, Congress passed a $1.5 trillion government spending bill last week but dropped from the final package $22.5 billion in pandemic relief that Democrats wanted to include. On Tuesday, the same day as President Joe Biden signed the 2,741-page bill into law, his aides warned that the omission could “have severe consequences as we will not be equipped to deal with a future surge.” The U.S. could soon run out of funding for COVID responses such as booster shots,… Source link

Unlike traditional automakers, electric-vehicle (EV) maker Tesla (TSLA) can dynamically raise or lower prices at will — and it has just done that, again. For the second time in a week, Tesla is raising prices across the board for its U.S. product range encompassing the Model 3, Model Y, Model S, and Model X. Here are a few notable hikes: Model 3 Rear-Wheel-Drive, Tesla’s cheapest vehicle, went up $2,000 to nearly $47,000 Model 3 All-Wheel Drive jumped $2,500 to $54,500 The base version of… Source link

Defensive end Randy Gregory intends to sign a contract with the Denver Broncos, not the Dallas Cowboys, according to Yahoo Sports’ Charles Robinson. It was reported earlier Tuesday that Gregory was signing a five-year, $70 million extension with the Cowboys, but that deal fell apart when the Cowboys included language in the contract that Gregory didn’t like. Gregory, 29, has had several issues over the past few years that have kept him off the field. In 2021 that issue was injury. He missed… Source link

President Biden’s approval rating for his handling of Russia and Ukraine has risen 5 percentage points since the start of the war in Eastern Europe more than two weeks ago, according to a new Yahoo News/YouGov poll — including a 12-point gain among self-described independent voters. Yet spiraling gas prices, remote peace prospects and rampant U.S. partisanship make Biden’s hopes of a political turnaround seem tenuous at best. The survey of 1,623 U.S. adults, which was conducted from… Source link

Investors are starting to get very nervous about the market’s near-term direction, and it shows in their actions. “Russia/Ukraine drives fund manager cash levels to highest since April 2020 (COVID), global growth optimism to lowest since Jul’08 (Lehman),” said Michael Hartnett, Bank of America chief investment strategist, in the latest survey of managers from the bank. The details behind the report are ugly. Hartnett notes growth expectations among fund managers is at a 14-year low. The… Source link