Yahoo News

Investors may want to think twice about putting their money to work in China, contends DoubleLine founder Jeffrey Gundlach.  “China is uninvestible, in my opinion, at this point,” the bond king told Yahoo Finance in an interview at his California estate. “I’ve never invested in China long or short. Why is that? I don’t trust the data. I don’t trust the relationship between the United States and China anymore. I think that investments in China could be confiscated. I think there’s a risk of… Source link

Ben Roethlisberger continues to send signs that his time with the Pittsburgh Steelers is coming to an end. Roethlisberger released a statement Tuesday thanking fans for sending him “love and support” during Monday’s game. The statement was released on Roethlisberger’s website, BigBen7.com, and the website’s Twitter account. Roethlisberger does not have a personal Twitter account.  Roethlisberger led the Steelers to a win in what was expected to be his final home game with the team…. Source link

KFC (YUM) is going above and Beyond…Meat, that is, as plant-based items continue to encroach on fast food’s turf. Late Tuesday, KFC announced the nationwide debut of Beyond Fried Chicken, after a two-year testing period. The anticipated menu item will be available to purchase at participating KFC locations in the U.S. beginning January 10. Customers can order the item as KFC’s first ever plant-based combo meal or à la carte in six or 12-piece orders. Created in partnership with Beyond… Source link

LAKE BUENA VISTA, FLORIDA – JULY 31: ESPN reporter Rachel Nichols stands on the court before a game between the Houston Rockets and the Dallas Mavericks at The Arena at ESPN Wide World Of Sports Complex on July 31, 2020 in Lake Buena Vista, Florida. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Mike Ehrmann/Getty Images) Rachel Nichols’… Source link

U.S. stock futures kicked off the overnight session near the flat line Tuesday evening, following a drop in technology shares during the regular trading day.  Contracts on the S&P 500 were little changed. Nasdaq futures also drifted after the index dropped more than 1% during the regular trading day. Apple (AAPL) shares steadied following a decline earlier, which pulled the stock back after reaching a $3 trillion market capitalization for the first time ever at the start of the week.  In the… Source link

A reader going by “Greg B” wrote in recently to protest the “topline” spending number for the Democrats’ now-moribund Build Back Better legislation. Democrats claim the bill would cost $1.7 trillion over a decade, assuming some provisions—such as an expanded child tax credit—expire after just one year. But the real goal is to keep those programs going with new legislation in the future, which means $1.7 trillion might be more like a down payment, with the real cost being a lot… Source link

Ford (F) shares closed at their highest level in 21 years after the automaker announced it would nearly double production capacity to meet demand for its upcoming F-150 Lightning electric pickup truck.  Ford’s stock gained 12% and was the No. 1 trending ticker on Yahoo Finance during the trading session on Tuesday. The Dearborn, Michigan, based company has surpassed GM (GM) and Rivian (RIVN) in market capitalization as it pushes further into the EV space.  “It’s very exciting to announce… Source link

Market veteran Jim Bianco tells Yahoo Finance the Federal Reserve could break the back of the red-hot rally in stocks as it attempts to cool inflation with interest rate hikes.  “I think that is the number one risk right now in 2022,” the president of Bianco Research said inside of DoubeLine’s California headquarters where he will be presenting his key themes at the bond giant’s annual Roundtable Prime event. [The risk] is that the high inflation rate is perceived to be persistent, which… Source link

The days of sub 2% inflation — as measured by the Consumer Price Index (CPI) — look over for quite some time, thinks DoubleLine’s co-chief investment officer Jeff Sherman. Sherman assigns the blame to the ongoing COVID-19 pandemic, and in part the extremely easy monetary policy employed by the Federal Reserve to gin up the economy throughout the health crisis.  “I don’t think we are going back to the old school one and a half to 2% inflation because it’s permeated the psyche for a period… Source link

It is 2022! Happy New Year! The fantasy football regular season has to come to an end for many players — well, some leagues are still playing in Week 18 — so even though it might seem early for such thoughts, why not look towards next fantasy season? Why not make some bold predictions for it too? Andy Behrens, Matt Harmon and Tank Williams do just that in the video above, sharing their biggest takes for three key players. [Play in Yahoo’s Week 18 Million Dollar Baller DFS contest] Matt… Source link