Yahoo News

Electric vehicle (EV) company Fisker (FSR) unveiled its Ocean EV SUV in late November at the Los Angeles Auto Show with the goal of making the car “the world’s most sustainable vehicle.” The base model, named the Ocean Sport, will start at $37,499 before any government incentives. CEO and chairman Henrik Fisker said that customers may be able to get their hands on the Ocean later this year. “We have seen [that] the first parts coming in [for the Ocean] are very high quality for this… Source link

Vivian Zink/Syfy/NBCU Photo Bank/NBCUniversal via Getty Images Spotify’s exclusivity deal with “The Joe Rogan Experience” was initially valued at $100 million. But the streamer actually paid Rogan double what was reported, sources told The New York Times. That brings the podcaster’s total payday to $200 million over three and a half years. Spotify paid $200 million for the exclusive streaming rights to “The Joe Rogan Experience,” according to a Thursday report by The New York Times. That’s double… Source link

Whistleblower Frances Haugen, a former product manager who left her position at Meta (FB) last year and leaked thousands of internal company documents, told Yahoo Finance that she supports cryptocurrency for the same reason she disclosed the corporate secrets: Transparency. In a new interview, taped on Feb. 9, Haugen voiced enthusiasm for cryptocurrency and praised decentralized financial networks as a new type of system that emphasizes democratic governance and increased disclosure. “I do… Source link

President Joe Biden and U.S. officials including Secretary of State Antony Blinken are sounding the alarm on a potential impending Russia invasion of Ukraine. That’s adding to pressure on equity markets, as one prominent economist warns of the stagflationary risks if there is indeed military conflict. “If it were to get worse — which is a big if — a very strong stagflationary wind would blow through the global economy,” Mohamed El-Erian, president of Queens College at Cambridge… Source link

Billionaire investor Charlie Munger reiterated his confidence in Costco (COST) even after the stock’s record run-up. “I’ve always believed that nothing was worth an infinite price. So even an admirable place like Costco could get to a price where you would say that’s too high,” Munger said during The Daily Journal’s annual shareholder meeting on Wednesday. “But I would argue that, if I were investing money for some sovereign wealth fund or some pension fund, and I had a 30-, 40-, 50-year time… Source link

Mission critical for jump-starting Burger King’s sales in 2022 will be executing on a new plan internally known as “reclaiming the flame” — or bringing back the Whopper brand to its former glory days. Rallying the troops by paying homage to BK’s flame-grilled roots, the plan focuses on better marketing of the Whopper sandwich, fewer coupons for it and making it easier for workers to build the sandwich as to get diners in and out of the drive-thru faster. “We felt it was important to invest… Source link

President Biden is expected to issue an executive order next week directing agencies across the government to study cryptocurrencies and a central bank digital currency (CBDC), and come up with a government-wide strategy to regulate digital assets. According to an administration official familiar with the matter, the forthcoming directive will commission a study of a CBDC and ask a range of agencies – including the Departments of Treasury, State, Justice and Homeland Security – to develop… Source link

Yahoo has promoted Paul Sigaloff to vice president, head of APAC. Effective immediately,  Sigaloff will lead sales for the ad technology business across the entire Asia Pacific region.  Paul Sigaloff, vice president, head of APAC, Yahoo Previously VP of ANZ INSEA, his expanded remit now includes Australia, China, Hong Kong, India, Japan, New Zealand, Singapore, Taiwan, and Southeast Asia. Commenting on the appointment, Sigaloff says he’s looking forward to working collaboratively with… Source link

New weekly jobless claims unexpectedly rose last week, ending a three-week streak of improvements. The Labor Department released its latest weekly jobless claims report Thursday at 8:30 a.m. ET. Here were the main metrics from the print compared to consensus estimates compiled by Bloomberg: Initial jobless claims, week ended Feb. 12: 248,000 vs. 218,000 expected and a revised 225,000 during prior week Continuing claims, week ended Feb. 5: 1.593 million vs. 1.605 million expected, and a revised… Source link

Walmart’s shoppers look to be handling high levels of inflation in food and general merchandise relatively well. “We haven’t seen any meaningful difference yet in how they’re shopping. We know consumers are focused on inflation, but we’re not seeing major changes in shopping patterns,” Walmart CFO Brett Biggs tells Yahoo Finance. “Wages are up, unemployment, low. Consumer balance sheets are still in pretty good shape. So I think all of that helps customers.” Walmart (WMT) saw sales strength… Source link