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Third baseman J.D. Davis has agreed to a $2.5 million, one-year contract with the Oakland Athletics just days after he was released by San Francisco. Davis can earn an additional $1 million in performance bonuses, according to a person who spoke to The Associated Press on Friday night on condition of anonymity because the agreement was pending a physical. Davis, who turns 31 next month, was cut by the Giants on Monday after beating the team last month in salary arbitration. He was entitled to… Source link

(Bloomberg) — With China’s deflation at its worst in 15 years, a volatile stock market and bank interest rates too low for her liking, 18-year-old Tina Hong is placing her financial security in gold beans. Most Read from Bloomberg Weighing as little as one gram, the beans — and other forms of gold jewelry — are increasingly viewed as the safest investment bet for young Chinese in an era of economic uncertainty. It’s part of a larger consumer trend for all things gold — from bullion… Source link

When the spot exchange-traded funds (ETFs) were set for release in early 2024, the main metric many looked at to differentiate the many options was the expense ratio or the amount of fees charged by the ETF sponsor. For some, the fees were relatively low, but others, such as Grayscale Bitcoin Trust (GBTC), were high. This difference became apparent when GBTC began experiencing huge outflows after its ETF was converted from a futures-linked ETF to a spot ETF. Many who had invested in GBTC when… Source link

St. Louis Cardinals manager Oliver Marmol received a two-year extension Friday, the Cardinals announced. (AP Photo/Jeff Roberson) Oliver Marmol will no longer enter the 2024 season as a lame-duck manager. On Friday, the St. Louis Cardinals skipper received a two-year extension to keep him with the franchise through the 2026 season. The two sides were able to quickly work out the deal following a Thursday night meeting between Marmol, chairman Bill DeWitt Jr. and president of baseball operations… Source link

Next week, Wall Street will be paying close attention to Wednesday’s next Federal Open Market Committee (FOMC) meeting. The focus will be on the latest Fed dot plot, revealing FOMC members’ estimates for interest rate cuts Reddit will make its IPO debut on the New York Stock Exchange on Thursday, March 21 under the ticker RDDT with a share price of between $31 and $34. Nvidia’s (NVDA) annual GTC conference will take place between March 18-21st, with CEO Jensen Huang giving a 2 hour keynote… Source link

Disney’s ESPN (DIS), Fox (FOX, FOXA), and Warner Bros. Discovery (WBD) have joined forces to launch a joint sports venture streaming service. On Friday, the companies announced Pete Distad, a former Apple (AAPL) and Hulu executive, would serve as the Chief Executive Officer of the upcoming service. The highly anticipated streaming service is slated for launch in the fall, with Wall Street analysts estimating that the service could have a subscription fee ranging between $40 and $50 per… Source link

It’s official: March is going to see its very own Amazon Prime Day. Well … sort of. The retailer announced that it will hold its Big Spring Sale from March 20 to March 25. It’s looking to be one heckuva way to spring into the new season with some sweet, sweet savings on everything from spring cleaning essentials to fashion upgrades to beauty must-haves — and much more. There will be a metric ton of sales to take advantage of during this savings event, so if you want to streamline your… Source link

Shares of both Geron (GERN) and Madrigal Pharmaceuticals (MDGL) are soaring after receiving positive news from the Food and Drug Administration. For Geron, an FDA advisory panel backed its blood disorder treatment. For Madrigal, the FDA approved its treatment for a liver disease known as nonalcoholic steatohepatitis, or NASH. Yahoo Finance’s Josh Lipton and Julie Hyman discuss the stocks’ reaction in the video above. For more expert insight and the latest market action, click here to watch this… Source link

Snowflake (SNOW) shares were upgraded to Neutral from Sell at Guggenheim Securities. Analyst John DiFucci says the cloud-based data company is still facing a “mountain of challenges,” but his discussions with customers were positive, and he says the company remains a “valuable asset.” Yahoo Finance’s Josh Lipton and Julie Hyman discuss the note in the video above. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor’s note:… Source link

The death of Oklahoma student Nex Benedict has been ruled a suicide, according to a medical examiner’s report released Wednesday. The 16-year-old, who was transgender and used he and they pronouns, according to friends and family, died Feb. 8, a day after a fight at Owasso High School. His name has become a rallying cry among LGBTQ activists, who argue that an onslaught of legislation targeting the community has made schools less safe for queer and trans students like Nex. Nex had reportedly… Source link