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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

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

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

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

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

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

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

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

The stage is set for this week’s Genesis Invitational and it’s all taking place at The Riviera Country Club in Pacific Palisades, California. The classical course draws rave reviews from most players but it’s not the easiest course to figure out. That is why course history is something we should take a look at today. Before that, let’s have a look at putting performance on poa annua greens. That is part of the puzzle that makes Riviera CC so tricky. Putting on Poa The greens are speedy and… Source link

Shopify’s stock fell as much as 19 per cent following the release of fourth quarter results on Wednesday. Shopify’s stock plummeted as much as 19 per cent on Wednesday as the company forecast slower growth in 2022 due in part to inflation concerns. The e-commerce company says it expects revenue growth in 2022 to be lower than the 57 per cent growth it achieved in 2021, a year that saw Shopify’s stock hit a high of $1,762.92 last November as it held the position of most valuable company in… Source link