US is only a few days away from an ‘absolute explosion’ on inflation — here are 3 shockproof sectors to help protect your portfolio

U.S. consumer prices rose 8.6% in May from a year ago, marking the biggest increase since December 1981. But according to pollster and GOP political strategist Frank Luntz, things are about to get a lot worse. “We are 13 days away from an absolute explosion on inflation,” Luntz told CNBC last week, referring to the upcoming 4th of July weekend. He explains that Independence Day, Thanksgiving, and Christmas are three holidays where Americans hit the road and “buy more food than any other… Source link

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Deshaun Watson still facing possibly most problematic civil suit

(Warning: This column contains allegations of sexual misconduct.) It should be of little surprise that when Houston-area attorney Tony Buzbee announced that 20 of his 24 clients had settled civil lawsuits against Cleveland Browns quarterback Deshaun Watson, he spent most of the time talking about one of the plaintiffs who hadn’t resolved things. Ashley Solis. Tuesday’s settlements are a step toward Watson eventually moving past this scandal and perhaps returning to play NFL games, but it… Source link

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Google now lets merchants add an ‘LGBTQ+ owned’ label to their profiles on Maps and Search – TechCrunch

Google announced today that it’s adding a new label on Maps and Search that will allow people to identify their business as being LGBTQ+ owned. The new label is now available to merchants in the United States with a verified business profile on Google. The new label joins the current options available to merchants, which include Black-owned, Latino-owned, veteran-owned and women-owned. The label also expands on the “LGBTQ+ friendly” and “transgender… Source link

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JPMorgan’s mortgage business to slash workforce as housing market cools

JPMorgan Chase (JPM) is slashing jobs in its home-lending division as rising mortgage rates and inflation drive a slowdown in the housing market. The bank is expected to lay off or reassign more than 1,000 employees, Bloomberg News first reported on Wednesday. Bloomberg’s report indicated “about half” of these impacted workers will be moved to different departments within the bank. “Our staffing decision this week was a result of cyclical changes in the mortgage market,” a JPMorgan… Source link

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Yahoo DFS Hockey: Wednesday Picks

This article is part of our Yahoo DFS Hockey series. I was betting on Tampa Bay responding at home in Game 3, which has a more literal connotation when talking DFS, and it proved accurate. The Lightning won 6-2 to shake this series up. Now, Tampa is home again for Game 4. For single-game DFS purposes, you have $135 for your five-player lineup. That includes your Superstar, who will rake in 1.5 times the points. What’s the lineup look like from me Wednesday? Let’s find out! SUPERSTAR

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Nicolas Batum will have interest from multiple teams, including Lakers, Celtics in free agency

NEW YORK — Los Angeles Clippers forward Nicolas Batum is declining his $3.3 million player option to hit free agency, but it is widely expected that he will re-sign a new two-year deal, league sources told Yahoo Sports. It is anticipated that the Los Angeles Lakers, Chicago Bulls, Boston Celtics, Phoenix Suns and Utah Jazz will have strong interest in trying to pry away the 14-year veteran from Clipper Land, sources said. But the Clippers are in the driver’s seat, sources said. The free… Source link

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Yahoo DFS Baseball: Wednesday Picks

This article is part of our Yahoo DFS Baseball series. We have 15 games across the majors Wednesday, some of which come with early start times. There are some top-tier pitchers scheduled to take the mound in the afternoon, including Lucas Giolito against the Blue Jays, and Zack Wheeler against the Rangers. A potentially underrated pitching matchup for the evening portion of the schedule features Sonny Gray and the Twins taking on Tristan McKenzie and the Guardians. The Yankees will… Source link

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Abby Joseph Cohen Says Era of Everything Going Up Is Over

(Bloomberg) — With fervor in markets receding, investors will need to critically focus on fundamentals and security selection to ride out the turbulence, Abby Joseph Cohen said. Most Read from Bloomberg The S&P 500 Index is poised for its worst first half since Richard Nixon’s presidency as red-hot inflation and Federal Reserve interest-rate hikes batter stocks. Amid the current selloff, picking out securities will be important, Cohen, a professor at Columbia Business School and former… Source link

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Consumers are ‘telling us the recession is already here,’ strategist says

Economists across Wall Street are raising the odds of a recession in the U.S. economy, and one strategist says it may already be here — especially in the eyes of consumers. “The state of the consumer has really deteriorated faster than we’ve ever seen in decades,” Lenore Hawkins, managing partner at Calit Advisors, said on Yahoo Finance Live (video above). “And both consumers and small businesses are basically telling us the recession is already here.” Consumer spending makes up nearly… Source link

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Fantasy Football: Here's why full workload RBs have all but vanished from the earth – Yahoo Sports

Way back in 1977, the final year in which NFL teams played a 14-game schedule, seven different running backs handled at least 300 touches. Lydell Mitchell of the Baltimore Colts led the league with 372, averaging 26.6 per game. In 2021, the first year in which teams played a 17-game regular season, only four running backs reached 300 touches, led by Najee Harris at 381 (22.4 per week). During the intervening years, we collectively witnessed — and eventually developed fantasy strategies in… Source link

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