Yahoo News

Congress is getting better at heading off devastating recessions. Yet the gusher of stimulus money Congress provided to offset the COVID recession during the last two years included hundreds of billions of dollars for wealthy Americans, with little benefit to the ordinary workers the money was supposed to help. New research by MIT economist David Autor and nine others finds that the Paycheck Protection Program, an $800 billion aid package Congress passed in March 2020, was one of the… Source link

Stocks rose in a choppy session Wednesday as investors mulled a fresh batch of earnings results from some major index components and tried to further shake off January’s volatility. The S&P 500, Dow and Nasdaq gained just after noon in New York.  A spate of better-than-expected corporate earnings helped partially offset some more concerning signs of an Omicron-induced slowdown in growth at the start of the year. ADP reported Wednesday morning that private-sector U.S. employers cut 301,000… Source link

Famed short-seller Carson Block raised the alarm on special purpose acquisition companies (SPAC) at the height of their activity, building his bets while warning retail investors about “a scam” in the market. Now, the CEO of investment research firm Muddy Waters Capital is starting to see the reckoning. Since raising a record $144 billion through 613 blank check IPOs last year, investors have begun to turn on these companies, in the face of poor returns and choppy market conditions. From… Source link

On the National Signing Days of 2016 and 2017, Michigan football coach Jim Harbaugh presided over an event he’d created — “Signing with the Stars.” It was part unveiling of the high school recruits who would play for the Wolverines — prospects such as Rashan Gary, Devin Bush and Donovan Peoples-Jones. Mostly, though, it was a celebration of Michigan football and the carnival barking of Harbaugh hopefully gaining the attention of future recruits. He was newly arrived in Ann Arbor and… Source link

When bitcoin and ethereum rallied to records in November on news of wider adoption, politicians and athletes scrambled to ride the momentum by announcing they’d collect parts of their salary in crypto. Among them were New York City Mayor Eric Adams, who vowed after his election that he’d accept his first three paychecks in bitcoin, and wide receiver Odell Beckham Jr., who opted to take his entire NFL salary in the token after signing a new contract with the Los Angeles Rams. But the… Source link

The Head-to-Head categories format, which pits two teams against each other each week while implementing 5×5 scoring rather than points, tends to be most popular on competitor sites like Yahoo but is of course also available through CBS. And it brings its own challenges that allow for distinct approaches. The quirks are worth noting upfront: two utility spots instead of one, four flex pitcher spots in addition to two SPs… Source link

Former NFL head coach Brian Flores, who on Tuesday filed a blistering racial discrimination lawsuit against the NFL, the Miami Dolphins, the New York Giants and the Denver Broncos, spoke out for the first time since taking legal action in an interview with “CBS Mornings” on Wednesday.  With lawyers Doug Wigdor and John Elefterakis at his side, Flores spoke to a roundtable of “CBS Mornings” hosts, which included former NFL player Nate Burleson. Flores thanked everyone who had reached out to… Source link

After a renaming process that took 18 months and two full NFL seasons, the team formerly known as the Washington Football Team introduced its new nickname on Wednesday: the Commanders.  In an interview on “The Today Show,” team president Jason Wright introduced the new name and the logo, which was also shared on social media. Shop New Washington Commanders Team Gear Click Here >> The Commanders, using their brand new Twitter account @Commanders, released a video that will get fans truly… Source link

Private payrolls unexpectedly declined in January as the Omicron variant’s spread contributed to a marked weakening in the labor market at the beginning of the year. U.S. private sector employment fell by 301,000 in January, ADP said in its closely watched monthly report on Wednesday. That represented the first drop in payrolls since December 2020, and came after 776,000 payrolls were added back in December, based on ADP’s revised monthly print. Consensus economists had anticipated that about… Source link

Every February the world celebrates Black History Month, and we often see huge brands getting a makeover to join in the celebrations. This month is no different, with Yahoo kicking things off with a vibrant logo redesign.  Yahoo’s temporary new logo is designed by Trap Bob (or Tenbeete Solomon), who has taken influence from her Ethiopian roots. The redesign has taken Yahoo’s famous wordmark but drenched it in colour and replaced one of the ‘O’s with an illustration of a black woman. Feeling… Source link