Yahoo News

How the Canadian trucker blockade is straining the auto industry: Expert

After six days, truckers protesting COVID-19 vaccine mandates have ended a blockade at the busiest U.S.-Canada border crossing. Although the blockade at Ambassador Bridge may be over, Bernard Swiecki, research director at the Center for Automotive Research (CAR), believes that it may have significant implications for supply chains and the auto industry. “Normally, when you have a supply chain disruption like this was, essentially, you can get a lot of it back by building vehicles on… Source link

Read More »

Adam Silver says in-season tournament ‘moving closer’

Last year’s 72-game season was created out of COVID-19 necessity, but it seemed to confirm Adam Silver’s belief about changing the regular season model and integrating an in-season tournament. “It was far from a perfect experiment,” Silver said during an interview with Yahoo Sports on a variety of topics in the days leading to All-Star weekend in Cleveland. “[But] the fact there were fewer games was quickly forgotten.” Silver corrected himself to not put an exact approximation on… Source link

Read More »

Stock market news live updates: February 17, 2022

U.S. stock futures were little changed in after-hours trading Wednesday following a turbulent earlier session that saw Wall Street’s main indexes claw back from daytime lows after minutes from the Federal Reserve’s latest meeting minutes came in clear of any mention the central bank would authorize a 50 basis point rate hike in March. Futures tied to the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite were mostly flat heading into the overnight session after recovering some… Source link

Read More »

Drafting the best fantasy squad from NBA’s 75th anniversary team

Yahoo Sports fantasy analyst Andy Behrens and Yahoo Sports senior NBA writer Vincent Goodwill break down their selections of competing fantasy rosters from the NBA’s 75th anniversary team, choosing specific seasons for each player to build the ultimate fantasy basketball squad. Video Transcript [THEME MUSIC] ANDY BEHRENS: Welcome to a special “Yahoo Fantasy Draft” of the NBA’s 75th Anniversary Team. I’m Andy Behrens, “Yahoo Fantasy” analyst, here with Vincent Goodwill. He is Yahoo’s Senior NBA… Source link

Read More »

Move men’s hockey to Summer Games

The Olympics have a men’s hockey problem. It isn’t very good. That is said with all due respect to the former NHLers, career Euro leaguers and college kids who play as hard and as well as they possibly can to represent their countries. This isn’t even their fault. Part of the low quality of play stems from the fact these guys were thrown together on makeshift teams, given about three practices and told to hit the global stage. The IOC, true to its well-established arrogance, has always taken the… Source link

Read More »

Why sports betting is a low-margin business

As the U.S. commercial gaming industry drew record-breaking revenue in 2021, sports betting, the industry’s latest entrant, contributed impressive growth yet drastically lower margins than traditional gaming. Last year, according to the American Gaming Association, the overall gaming industry captured $53 billion in revenue from legal gambling operations, while revenue from the budding sports betting sector from companies like Caesars Entertainment (CZR), FanDuel, DraftKings (DKNG), and… Source link

Read More »

We are never going back to a five-day work week in the office

Will we ever return to a five-day in-office work week? Charlie Munger doesn’t think so. Even as COVD-19 restrictions ease across the U.S. and employers call on workers to resume in-person workdays, the famed investor said Wednesday during The Daily Journal’s annual shareholders meeting that he does not expect white-collar employees will ever return to in-person work full-time again. “It’s amazing the percentage of people in computer science that don’t want to be in the office for a… Source link

Read More »

Critics of the ultra-rich ‘motivated by envy’

Billionaire investor Charlie Munger on Wednesday acknowledged worldwide “tension” over wealth inequality but said critics of the ultra-rich are “motivated by envy.” “It is the nature of our species that we look around us at other people and are envious of them if they have more than we do,” added Munger, the vice chairman of Berkshire Hathaway (BRK-A, BRK-B). “That envy has always been a big problem.” Munger, 98, made the remarks in an exclusive interview with Yahoo Finance’s… Source link

Read More »

Facebook parent Meta botched its coming out party for the metaverse

This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Wednesday, February 16, 2022 Meta wants to sell us the metaverse without saying what it is Facebook parent Meta (FB) is banking on the metaverse to save it from plateauing user numbers and competition from the likes of TikTok. But the social media giant blew its first real chance at giving the… Source link

Read More »

Inflation can be ‘the way democracies die’: Charlie Munger

In an exclusive interview Wednesday with Yahoo Finance Editor-in-Chief Andy Serwer, legendary investor Charlie Munger weighed in on the high stakes of soaring inflation in the United States. Citing examples from the Roman Republic to Adolf Hitler to Latin America, Munger said, “Inflation is a very serious subject, you could argue it is the way democracies die.” He notes that it was after of years of inflation when “eventually the whole damn Roman Empire collapsed, so [the current… Source link

Read More »