Yahoo News

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

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

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

Yahoo workers in Japan have been told that they can work from anywhere in the country rather than return to the office – and commute by plane when necessary.  Around 8,000 employees will benefit from the change, which takes effect on April 1, the company said in a statement on Wednesday. More than 90 per cent of employees are already working remotely and Yahoo President Kentaro Kawabe said their performance has held or improved at home, Japan Times reported. The new flexible working policy… Source link

Tesla (TSLA) strong rally this week points to more gains ahead, according to Wedbush, with the U.S. electric vehicle maker primed to transform the auto industry after ending 2021 on a strong note. Better-than expected fourth quarter delivery figures spurred investors to remain bullish on Tesla’s stock, while the electric vehicle (EV) maker’s new Gigafactory in Austin, Texas preps for production this month.  “We’re seeing, it’s a $5 trillion market opportunity in terms of EV and it’s the… Source link

The new year has not been kind to cryptocurrencies, which rose on Wednesday despite about a week of selling that briefly drove Bitcoin below $40,000. A jittery market has begun 2022 on a sour note, with a suddenly hawkish Federal Reserve and the Omicron wave of COVID-19 infections making investors risk-averse. Meanwhile, Bitcoin set a new low at $39,893.62 — having swooned by more than 40% since its November peak. Bitcoin has shed over 8% at its weakest levels this week, while smaller tokens… 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 Wednesday, January 12, 2021 Working from home has drawbacks — for the working class Last week, Eric Adams, New York City’s newly-inaugurated mayor, ignited a social media firestorm when he pointed out the obvious: big companies are hurting retail, eateries and small businesses by prolonging return-to-office plans. Office workers “are part of… Source link

Yahoo Japan is telling its 8,000 employees they can work anywhere in the country — and even be flown into work when the job requires it — bucking the trend of companies looking to return workers to offices in the third year of the coronavirus pandemic. The program takes effect April 1 and allows employees to commute by plane, which wasn’t previously an option, the company said in a statement Wednesday. While Yahoo is best… Source link

(Bloomberg) — Yahoo Japan is telling its 8,000 employees they can work anywhere in the country — and even be flown into work when the job requires it — bucking the trend of companies looking to return workers to offices in the third year of the coronavirus pandemic. Most Read from Bloomberg The program takes effect April 1 and allows employees to commute by plane, which wasn’t previously an option, the company said in a statement Wednesday. While Yahoo is best known for its internet… Source link

Michele Tafoya’s time on the sidelines is coming to an end. The longtime “Sunday Night Football” sideline reporter is stepping away from NBC following the Super Bowl next month, the network announced on Tuesday. “My time with NBC Sports has been the most satisfying of my career,” Tafoya said in a statement. “I’ve had the good fortune of collaborating with a team that is amongst the best at what they do, and the support I’ve received in this position has been unparalleled …… Source link