Yahoo News

Stock futures opened slightly higher Thursday evening after a rout in technology stocks earlier during the regular trading day, as investors turned away from growth stocks in anticipation of tighter monetary policy next year. Contracts on the S&P 500 ticked up. Earlier, the index closed lower, with the tech-heavy information technology and consumer discretionary sectors leading the way lower. The Nasdaq underperformed to drop 2.5% to give back all gain after a rally on Wednesday. The Dow… Source link

The Cleveland Cavaliers were expected to be one of the worst teams in the NBA this season.  The Cavs’ preseason win total was about 26.5 or 27.5, depending on where you looked. It was among the five lowest totals in the league. It wasn’t unfair. They hadn’t won more than 22 games in a season since 2018, when LeBron James was still on the roster.  Then a weird thing happened. The Cavaliers have been good. And for bettors, they have been great. The best team in the NBA, actually.  Cavaliers… Source link

After rounds of intense discussion and negotiation between the NFL and the NFL Players Association, an agreement has been reached to revamp parts of the COVID-19 testing thresholds and get players back onto the field more quickly.  Before that measure kicks in, the NFL has entered all franchises into the enhanced COVID protocols through the end of this week’s games in response to a massive spate of positive tests this week. That means through the end of this week’s games, franchises will… Source link

The Senate on Wednesday overwhelmingly passed a $768 billion defense policy bill that directs the president to create a “grand strategy” to address global economic and military threats posed by China. That vote came as news emerged that U.S. military commanders have created a software tool designed to predict how China will react to U.S. activities in the area, such as U.S. officials’ visits to Taiwan. In a new interview taped Monday, billionaire hedge fund titan Ray Dalio said a military… Source link

Full stop, Jet.com founder and former Walmart U.S. e-commerce wizard Marc Lore is trying to shake up the world.  And that’s where Yahoo Finance found Lore on a recent Wednesday afternoon, somewhere between executing on big, bold new ideas (food delivery startup Wonder plus city of the future Telosa), mapping out a vision for basketball teams Minnesota Timberwolves and Minnesota Lynx (which he now partly owns with former baseball star Alex Rodriguez) and having a little fun on Twitter… Source link

Thaddeus Young was shocked to learn that he was being traded this past offseason when the Chicago Bulls, where he’d put together two effective seasons, acquired DeMar DeRozan and sent Young to the San Antonio Spurs. Since then, Young has been among NBA trade rumors as a piece that could bolster a team looking for consistent inside scoring and a dominant rebounder. In the latest episode of the “Posted Up with Chris Haynes” podcast, Young explained what he’s looking for at this point in… Source link

Every December, Yahoo Finance selects a Company of the Year, based on its market performance and its achievements that particular year. In 2021, Microsoft (MSFT) took home the crown, smashing through the $2 trillion market capitalization mark and seeing a 53% surge in its stock price as of Dec. 16, year-to-date. However, the spirit of Festivus has taught us we can learn just as much from the bad as the good by airing our grievances. That’s why Yahoo Finance also selects a Worst Company of… Source link

In 2020, we had to consider a lot more than football before making any picks.  Last year it became foolish to make any bets early in the week, not knowing which players would be out by Sunday due to COVID-19. Figuring out who would be in or out was more important than any other factor.  Through the first 14 weeks of this season, there were some cases of players missing games on the COVID-19 list, but nothing like last season. This week seems like 2020.  There were outbreaks for multiple NFL… Source link

The Federal Reserve’s surprisingly hawkish policy turn has had a surprise beneficiary: Cryptocurrencies. Digital coins extended gains on Thursday after the Fed stepped up its taper, and laid the foundation for a tightening cycle that could bring as many as three rate hikes in 2022. Normally, cryptocurrency benefits from loose monetary policy and its inflationary side-effects; but at least for now, investors are taking the longer view. Bitcoin (BTC-USD), barely a week removed from an ugly… Source link

The U.S. housing market has been “bonkers” and is “still nuts” — words recently used by real estate guru Barbara Corcoran on Yahoo Finance Live. Since COVID-19 emerged, homes are being sold at a record clip and prices are skyrocketing across the nation. But the frenzy is especially magnified in one Sunbelt City. Austin is this year’s Yahoo Finance 2021 hottest housing market. According to almost every real estate company that tracks home prices, no matter how you slice and dice… Source link