Yahoo News

The new year has ushered in a slew of minimum wage increases across the country. A total of 81 states and cities will be raising their minimum wages in 2022, and 44 cities will be increasing theirs to above $15 an hour. “These raises that took effect this week, combined with others scheduled for later this year, are the largest wave of minimum wage raises that we’ve seen,” Paul Sonn, state policy program director at the National Employment Law Project, said on Yahoo Finance Live (video… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, January 7, 2021 The world’s two largest economies are having serious identity crises The occasion of the first anniversary of the Jan. 6 riot on Capitol Hill provides a chance to explore something that’s been on my mind for at least a couple of years. Even with its dynamic economy and enviable growth, America’s all-consuming political… Source link

PHOENIX — Los Angeles Clippers star Kawhi Leonard is ahead of schedule in his rehab from a torn right ACL and a return to action this season is within reach, league sources told Yahoo Sports’ Chris Haynes as he relayed on TNT Thursday night. Leonard has amped up his workload in recent weeks and is looking stronger and stronger, sources said. Heading into Thursday’s game against the Phoenix Suns, the Clippers are 19-19, positioned eighth in the Western Conference standings. Multiple players… Source link

As brick-and-mortar retail prepares for a renaissance this year, Yahoo is diving deeper into e-commerce with new multiretailer checkout for ads, the company announced Thursday. A product of the tech company’s partnership with e-commerce platform MikMak, the update offers add-to-cart functionality and e-commerce analytics for campaigns across native and display advertisements on Yahoo. Functionally, the updates may make the shopping experience easier for consumers, as they can checkout… Source link

As a senior official at the Department of Homeland Security during the Trump administration, Brian Murphy got a close look at the failures ahead of the insurrection at the Capitol. His 26-year career at DHS and at the FBI focused on violent extremism and he watched, he said Thursday in a Yahoo Finance Live interview, as those departments failed in 2020 as an early warning system to the emerging threat from then-President Trump’s radicalized supporters. Officials, he says, “were intimidated… Source link

Stock futures opened higher Thursday evening as investors looked ahead to a key report on the U.S. labor market recovery at the end of a volatile week. Contracts on the S&P 500, Dow and Nasdaq gained as the overnight session began.   On Friday, investors are set to receive the Labor Department’s December jobs report, providing an update on the extent to which labor supply shortages were still impacting the economy at the end of last year. Economists expect to see more than 400,000 non-farm… Source link

GameStop’s (GME) stock surged as much as 30% in after hours after a report that the video game retailer is launching a marketplace for non-fungible tokens (NFTs), a move which had been telegraphed last year.  GameStop is also reportedly creating partnerships with two crypto companies to “share technology and co-invest in the development of games that use blockchain and NFT technology, as well as other NFT-related projects,” according to people familiar with the plans who spoke to the… Source link

It’s been a bad start of the year for Bitcoin (BTC-USD), and 2022 could bring in a bit more pain.   While some bulls continue to forecast $100,000, one strategist doesn’t see that happening this year – or next. “Long term, I love cryptocurrency, I love Bitcoin. But the charts — and I’m a technician — are just not showing that,” Gareth Soloway, president and CFO of InTheMoneyStocks.com told Yahoo Finance Live. “Bitcoin for me, has a nasty head-and-shoulders pattern on it. Believe or not,… Source link

Dive Brief: Yahoo is partnering with e-commerce platform MikMak to offer add-to-cart functionality and analytics for advertising campaigns on its properties, including Yahoo Finance, TechCrunch and AOL, according to an announcement. CPG advertisers can now offer consumers a multi-retailer checkout experience directly from their ads on Yahoo, allowing website users to buy from their preferred source. The deal also gives brands access to MikMak Insights to assess… Source link

With shares of newly minted IPO Allbirds (BIRD) down a whopping 50% from their highs on Nov. 3, Morgan Stanley says it’s time to go shopping for the stock.  “Valuation appears compelling, at ~4 times consensus 2023 estimated EV/Sales compared to its ~10 times post-IPO high and peers with comparable revenue growth at 5 times plus. Tempered valuation makes for an attractive entry point, particularly as an opportunity for BIRD [exists] to accelerate revenue growth to 28% in 2022 estimated from… Source link