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(Corrects typographical error in paragraph 4) By Chavi Mehta and Nivedita Balu (Reuters) – Intel Corp’s latest focus on making chips to meet rising demand will give Advanced Micro Devices Inc, its biggest rival in the server and PC market, a chance to build a greater foothold in the segment, analysts said. Intel, which plans large investments in chip technologies in the next four years, said on Thursday it expects revenue from its segment housing PCs to grow in low to mid single digits, and its… Source link

The Federal Reserve on Friday codified a set of new rules that restrict some of the nation’s most powerful economic policymakers from actively trading stocks and other securities. Senior officials at the central bank will not be allowed to purchase individual stocks or sector funds, and will be prohibited from holding individual bonds. The rules were expanded to cover cryptocurrencies, commodities, foreign currencies, derivatives contracts, short sales, and purchases on margin. Federal… Source link

The Wall Street Journal ran a story about high gas prices on Feb. 17, with a photo of pump prices ranging from $4.79 to $5.49. I looked at the caption, and sure enough, it was a photo of a station in California, where gas prices are the highest in the nation, by far. The national average is more than a dollar lower, at around $3.50 That brought to mind Steve Capo of Englewood, Fla., near Sarasota, who writes to Yahoo Finance regularly to comment on exaggerations and mischaracterizations he… Source link

Home sales in the U.S. jumped in the first month of 2022, while the number of homes for sales hit a new record low. Existing home sales rose 6.7% to a seasonally adjusted 6.50 million million units in January from a month earlier, the highest rate in 12 months, according to the National Association of Realtors (NAR). The number of sales was down 2.3% from the same month a year ago. Home sales in December were revised down to 6.09 million from 6.18 million. The results far exceeded analysts’… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, February 18, 2022 The Joseph Heller market may last all year Tensions on the border of Russia and Ukraine are forcing Wall Street investors to sell everything (except bonds, gold and the dollar). Meanwhile, relentless inflation, and what the Federal Reserve might do to address it, is making Wall Street… well, sell everything. Over the last… Source link

Yahoo debuted its Next-Gen Solutions program, an advanced contextual targeted solution to address omnichannel targeting and buying and look towards “the future of identity,” a press release says. This will address nonaddressable inventory in the Yahoo DSP, and will combine with Yahoo’s cookieless identity solution, Yahoo ConnectID, in order to work. Yahoo first rolled out Next-Gen Solutions last summer, which allowed for audience reach and monetizing independent of mobile app IDs. Now… Source link

GREEN BAY, Wis. – A first-round pick in 2016, Kenny Clark has carried the Green Bay Packers’ defensive line for most of his six NFL seasons. It’s just not a position the Packers have dedicated a lot of resources. Over the last eight drafts, Clark is the only defensive lineman they’ve selected within the first 90 picks. Could that change this year? A lot of that depends on Green Bay’s list of needs following free agency, but it’s a possibility. In Yahoo’s latest mock draft, the… Source link

Stock futures opened lower on Thursday after a sell-off during the regular trading day, with geopolitical concerns ramping further to trigger a risk-off move in markets. Contracts on the S&P 500 fell. The index dropped more than 2% earlier, while the Dow dropped 1.8% for its worst day since November. Technology and growth stocks renewed declines, and the Nasdaq Composite dropped 2.9%. The CBOE Volatility Index (VIX), or “fear gauge,” spiked more than 15% to top 28. Another apparent reversal in… Source link

You’ve heard the narrative: The 2022 NFL draft is not a strong quarterback class. But we’re here to tell you that even if that is true, it might not matter. Teams need quarterbacks. A lot of teams. Tom Brady retired (we think). So did Ben Roethlisberger. The Colts appear ready to move on from Carson Wentz. The Titans might feel the same about Ryan Tannehill. Several other clubs might seek long-term answers at the position. And what about the supply? Aaron Rodgers might stay put. So could Source link

The Commodity Futures Trading Commission, rather than the Securities and Exchanges Commission or the U.S. Treasury, should supervise cryptocurrency markets, its former chairman told Yahoo Finance in an interview on Friday. As the debate over digital token oversight takes shape and the White House prepares an overarching strategy, J. Christopher Giancarlo said it’s time for Congress to take the lead and permit his former agency to run point on the asset class’ regulation. An inter-agency… Source link