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Super Bowl LVI ads are sold out of every in-game unit across NBC (CMCSA), Telemundo and all digital platforms — including its fledgling streaming platform Peacock, with some 30-second spots selling for a record $7 million. Like everything nowadays, it’ll cost more for brands to advertise at the big game. Variety reported that the average Super Bowl LVI ad sold for about $6 million for a 30-second spot — up from last year’s $5.5 million. But is the ultra high price-tag worth it? “The short… Source link

President Biden said something completely obvious on Feb. 8 — and it was big news for one of America’s most innovative companies. During an otherwise unremarkable address on domestic manufacturing, Biden referred to Tesla (TSLA) as “our nation’s largest electric vehicle maker.” This is unmistakably true, and nobody disputes it. But up till now, Biden has pushed aggressively for more electric vehicle manufacturing without ever acknowledging that Tesla already produces close to 1… Source link

For roughly 16 months, Colin Kaepernick’s legal team at Geragos & Geragos went toe to toe with the NFL in a grievance process that remains completely shrouded to this day. Discovery was performed. High-ranking depositions were recorded. Arbitration hearings were convened. Finally, it ended in a settlement agreement in February of 2019. Three years later, everything dug up in that process remains locked away under a confidentiality agreement struck between the league and Kaepernick. Few… Source link

Did you ever wonder if college was worth the money you spent on it? A new report can give you an answer by estimating the return on investment a college student can reasonably expect over a lifetime. That report includes an ROI calculator that lets you search from 3,349 colleges. In addition to the elite universities you’d expect, “you also see a lot of flagship public universities” high up on the list, Kevin Miller, one of the report’s authors, told Yahoo Finance Live on Wednesday. “A… Source link

The Department of Homeland Security is warning law enforcement and public safety officials in the United States that a prolonged trucker convoy protesting vaccine mandates could begin on Feb. 13, when the Super Bowl is played in Los Angeles. The warning of a trucker protest similar to the one that has brought Ottawa, Canada, to a virtual halt, states that “the convoy could severely disrupt transportation, federal government, and law enforcement operations through gridlock and potential… Source link

Disney (DIS) unveiled first quarter 2022 results that beat expectations after the bell on Wednesday. Shares jumped as much as 9% after the report. New membership additions for the company’s two-year-old Disney+ streaming service surpassed analysts’ expectations. The metric was in focus as a return to in-person activities had some concerned over future growth for the direct-to-consumer video service, which benefitted from the height of stay-at-home orders during the COVID-19 pandemic. Turnout… Source link

If you are bullish on stocks, best hope the NFC’s L.A. Rams pummel Joe Burrow’s Cincinnati Bengals. That is, of course you are a big believer in the Super Bowl Indicator. The often bantered about Super Bowl Indicator suggests that stocks rise for the full year when the Super Bowl winner has come from the NFC, but when an AFC team wins it falls. Of course this is insane in principle as stocks move up and down based on expectations for the future earnings of their underlying companies (see Meta… Source link

Yahoo Sports is getting you ready for the Big Game in Los Angeles with “Countdown To Kickoff.” Who will complete their dream season and be crowned champion on Sunday? Our 60-minute broadcast will give you full analysis of the LA-Cincinnati matchup and examine the latest betting lines and props to consider ahead of the game. [Play in Yahoo Fantasy’s NFL $1 Million Big Game Baller] The program will feature host Liz Loz joined alongside esteemed Yahoo Sports NFL reporters Charles Robinson and Source link

As detailed in a broad SEC filing this week, Tesla gave investors an update on its Bitcoin holdings. Parsing through the disclosure, it boils down to this: Tesla bought around $1.5 billion in bitcoin (BTC-USD) in the early part of 2021; realized a gain of $128 million on a sale of some of its stake earlier in 2021; has now taken a $101 million impairment on the holding as bitcoin’s value has diminished; and currently Tesla’s bitcoin stake has a market value of nearly $2 billion, and a ‘carrying… 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 9, 2022 Facebook parent Meta is making a risky bet on the metaverse The hits keep coming for Facebook parent company Meta (FB). After a devastating earnings report last week, the company’s stock price has fallen off a cliff. On Tuesday the precipitous drop pushed Meta’s… Source link