Yahoo News

The Biden administration will announce three nominees for top jobs at the nation’s central bank, naming Sarah Bloom Raskin, Lisa Cook, and Philip Jefferson to fill spots on the Federal Reserve’s Board of Governors, according to a source familiar with the matter. The official announcement could be made as soon as Friday. Raskin has specifically been tapped to steer the Fed’s policies on bank regulations as Fed vice chair of supervision, according to a person familiar with the matter. The… Source link

Let’s examine DFS value plays for the six-game wild-card round, so you can pay up for the stars you want to fit into your Yahoo lineup. Quarterback Josh Allen, Patrick Mahomes and Tom Brady are on this slate. It’s quite easy to land on one of the NFL’s premier fantasy passers in the wild-card round. Even Dak Prescott at $32 against a pass-funnel 49ers defense looks like a pristine play. If you’re looking to drop down a bit in value, there are some middle-tier candidates. It’s pretty hard… Source link

Media top headlines January 13 In media news today, Associated Press tells staff to ‘avoid emphasizing COVID case counts, the Economic Council director urges the media to focus on wage increases instead of inflation, and the mainstream media drags Rand Paul for clashing with Dr. Fauci. Yahoo is rejecting a digital ad from Republican Senate candidate Jim Lamon for touting the widely-used anti-Biden expression.  Lamon, a businessman and Army veteran running in the GOP primary in Arizona,… Source link

Stock futures rose Thursday evening to steady after a tech-driven selloff during the regular trading day. Contracts on the Nasdaq gained after the Nasdaq Composite sank by 2.5% during the earlier session.  Investors this week have been weighing concerning signs of lingering price pressures across the U.S. economy against assertions from key central bank officials that the Federal Reserve is ready to take action to bring down inflation.  In Fed Governor Lael Brainard’s hearing before the… Source link

U.S. markets have largely shaken off Omicron fears, witnessed by the pop in cruise line stocks Thursday despite a general market sell-off. But surging COVID-19 infections in China, beyond the early pandemic peak, are leading one strategist to warn of an underpriced risk to inflation that could weigh on stocks. At a recent Yahoo Finance Plus webinar, Bianco Research President Jim Bianco argued that China’s zero tolerance COVID policy could lead to a nationwide shutdown — causing economic… Source link

Amazon’s (AMZN) stock has had a rough 12 months. While the S&P 500 has gained as much as 24% and Microsoft (MSFT) has jumped 48%, Amazon’s stock has risen just 4%. But at least one analyst believes the stock is set for a rebound in the second half of 2022. “This is a company that faced a lot of inflation and supply chain risks in the back half of the last year,” Evercore ISI’s Mark Mahaney told Yahoo Finance Live. “I think all of those will be absorbed into the business model or… Source link

At some point in failure, an NFL general manager like the Indianapolis Colts‘ Chris Ballard has to step to a microphone and show the firmest of grasps on the team’s situation. Think of it as the anti-Joe Judge moment, where someone in power holds a mirror up to their team and and bluntly reflects what everyone else can see — from the franchise owner, to the coaching staff, to the fan base that is pulling its hair out. Ballard had that moment Thursday, when he all but said what some in the… Source link

Momentum is growing to restrict stock trading by members of Congress and their spouses, as retail traders have been tracking politician trades and their performance.  On Wednesday, Senators Jon Ossoff (D-GA) and Mark Kelly (D-AZ) introduced a bill, barring members of Congress and their immediate families from trading while in office. On the same day, Senator Sen. Josh Hawley (R-MO) announced he is introducing a similar measure.  “It’s awesome to see Republicans and Democrats on both sides… Source link

The U.S. Supreme Court issued two highly anticipated rulings on Thursday, temporarily blocking a Biden administration COVID-19 vaccine mandate for large employers but allowing a separate rule applying only to health care workers at facilities receiving federal funding. The high court settled the matter concerning large employers in a 6-3 decision to block the rule that would have been issued by the Occupational Safety and Health Administration, with the three liberal justices dissenting…. Source link

Lael Brainard, President Joe Biden’s pick for the number two spot at the nation’s central bank, said the Federal Reserve stands ready to quell inflation through higher interest rates. “We do have a powerful tool and we are going to use it to bring inflation down over time,” Brainard told the Senate Banking Committee in her confirmation hearing Thursday. Brainard is currently a Fed governor, where she has served since being appointed by the Obama administration in 2014. If confirmed by… Source link