When it comes to the Federal Reserve’s looming interest rate hiking cycle, speed of movement should be top of mind among investors that will have to navigate the evolving liquidity backdrop with precision. “I think it’s the speed at which the Fed will have to move [on rates] that probably defines market behavior, not in a broad sense but in terms of leadership,” said Charles Schwab chief investment strategist Liz Ann Sonders on Yahoo Finance Live. The Consumer Price Index (CPI) reading out… Source link
Read More »Giants owner John Mara calls Joe Judge era ‘rock bottom’
New York Giants co-owner John Mara knew firing Joe Judge was the right decision. Mara spoke about that choice Wednesday, explaining he felt the team hit “rock bottom” toward the end of the season. Mara’s full quote is actually much worse. He thought the team hit rock bottom weeks ago, only for the team to one-up its own failure every single week. That’s an honest — and scathing — assessment of Judge’s final weeks with the team. Judge drew headlines after a blowout loss against the Chicago… Source link
Read More »Take-Two’s $12.7 billion purchase of Zynga will combat Apple’s privacy changes
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, January 12, 2022 Take-Two’s acquisition of Zynga gives its mobile arm the size to fight Apple’s privacy changes Take-Two Interactive’s (TTWO) $12.7 billion acquisition of mobile gaming giant Zynga (ZNGA) announced this week means the company behind “Grand Theft Auto” and the maker… Source link
Read More »Yahoo Japan to expand remote work, pay for commutes by plane – Nikkei Asia
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Read More »17-year-old Scoot Henderson is next one up in 2023 NBA draft
The past few weeks in the NBA have been filled with players like Lance Stephenson, Isaiah Thomas, Mario Chalmers and DeMarcus Cousins, and more than 100 G League players signing 10-day contracts. It’s all thanks to the new hardship rule due to COVID-19 health and safety protocols. One player you won’t hear getting called up, even though many teams would love to, is 17-year-old Scoot Henderson from the G League Ignite. “The only thing holding Scoot back from getting a chance in the league right… Source link
Read More »What economists are saying about the highest inflation in nearly 40 years
U.S. consumer prices rose at their fastest rate in nearly four decades in December, with inflationary pressures rippling through the economy as supply chain bottlenecks persisted alongside elevated demand. The Bureau of Labor Statistics’ December Consumer Price Index (CPI) posted a 7.0% year-over-year increase at the end of 2021 in the fastest increase since 1982. This matched consensus estimates, based on Bloomberg data, but accelerated from November’s 6.8% increase. On a month-over-month… Source link
Read More »Planet Fitness CEO flexes on 0 gym closures as pandemic battered industry
It has been a long and winding road during the pandemic for gym chain giant Planet Fitness, and its efforts to get through to the other side of the health mess shows. “I am extremely happy to say we lost no gyms in the pandemic. The industry lost 22% of the gyms open, closed permanently. We lost none,” Planet Fitness CEO Chris Rondeau said on Yahoo Finance Live. Planet Fitness currently operates 2,254 locations in the District of Columbia, Puerto Rico, Canada, Panama, Mexico and… Source link
Read More »Shark Tank’s Kevin O’Leary thinks 2022 is the year of NFTs – Yahoo Finance
Shark Tank investor and crypto-convert Kevin O’Leary believes non-fungible tokens (NFTs) will be bigger than bitcoin (BTC-USD). The chairman of O’Shares Investments told Yahoo Finance Live that NFTs offer value because of their ability to digitally track the ownership, authenticity and inventory management of real-world items like vintage watches (of which O’Leary is a big collector), sports memorabilia, artwork and other assets. “One of the biggest challenges I have is inventory… Source link
Read More »Stocks rise as investors eye inflation data, showing biggest jump since 1982
Stocks rose Wednesday as investors eyed a new report on inflation, which showed another decades-high rate of price increases across the recovering economy. Still, this came a day following remarks from Federal Reserve Chair Jerome Powell reasserting that the central bank would step in as needed to rein in rising prices. The Bureau of Labor Statistics’ December Consumer Price Index (CPI) showed prices rose at a 7.0% year-over-year rate at the end of 2021, marking the fastest increase since… Source link
Read More »As inflation hits 7%, here’s a list of industries the Biden administration is targeting
Inflation has become one of the top economic issues in the U.S., and the Biden administration is acting accordingly with various policy actions. U.S. consumer prices rose 0.5% in December and 7.0% on a year-over-year basis, according to the Bureau of Labor Statistics. It’s the fastest rate since 1982. Two of the biggest drivers of price spikes over 2021 have been in food and energy which is likely the reason the White House has focused on both of those sectors both for inflation as well as… Source link
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