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Hey everyone, and welcome back to Chain Reaction. Last week, we discussed $4.5 billion in new crypto funds from a16z. This week, we’re talking about the arrest that has everyone in the NFT space sweating bullets. If you want to get this in you inbox every Thursday afternoon, you can subscribe on TechCrunch’s newsletter page. Ocean climate tech Image Credits: Getty Images crimes of the future The crypto space has been moving so quickly over the past couple years that builders have generally seemed… Source link

Former No. 2 overall pick Michael Beasley is still playing pro basketball, and he’s getting a a major contract in China to continue doing just that. Shams Charania of The Athletic reported on Sunday that Beasley had signed a seven-figure deal with the Shanghai Sharks, a team in the Chinese Basketball Association. Beasley, 33, hasn’t played in the NBA since the 2018-19 season, when he played 26 games for the Los Angeles Lakers. He’s played in the CBA in the recent past, but not for the… Source link

This article is part of our Yahoo DFS Baseball series. It’s always nice to end the weekend on a high note. The best way to do that? Some DFS success, of course. There are 14 games included in the MLB DFS slate, with the first one starting at 1:35 p.m. EDT. You only are missing out on the late-morning start between the Yankees and Tigers. Here are some recommendations to help get the ball rolling for you. Pitching Zac Gallen, ARI at PIT ($49): Gallen has helped earn his 4-0 record with… Source link

Portland Trail Blazers owner Paul Allen during the second half of an NBA basketball game against the Golden State Warriors in January 2017.Marcio Jose Sanchez/AP Speculation is mounting that late Microsoft cofounder Paul Allen’s pro sports teams could be sold. Nike founder Phil Knight already submitted a $2 billion bid for the Portland Trail Blazers. Allen’s trust has sold off other assets, including property and a yacht, since his death in 2018. When Microsoft cofounder Paul Allen died in 2018,… Source link

Whether you cut a pie into 10 pieces or 100 pieces, it shouldn’t affect how much the pie is worth. But in the stock market, a stock split — which is essentially cutting shares into smaller pieces — can have some meaningful consequences. According to Bank of America, S&P 500 companies that announced stock splits since 1980 have returned an average of 25.4% over the following 12 months, versus the S&P 500’s average return of 9% over the same period. In fact, the bank says that after a… Source link

The 60-40 stock-bond portfolio has been a bedrock of traditional investing, but it’s also been a loser thus far in 2022. “Investors who own a 60-40 balanced portfolio just feel like they’ve been punched in the gut,” Emily Roland, co-chief investment officer at John Hancock Investment Management, said on Yahoo Finance Live (video above), adding that year-to-date so far it’s down about 10%. A 60-40 portfolio consists of 60% equities and 40% bonds or other fixed-income offerings. Stock and… Source link

Here are 3 top dividend stocks for stable cash return and inflation protection — one of them even offers an incredible 13.3% yield When high-flying growth stocks made all of the headlines last year, dividend stocks often got ignored. But now, the Nasdaq is in correction territory, and many of those former hot stocks are getting heavily sold off. In volatile times like these, a steady and increasing stream of dividends can help risk-averse investors sleep better at night. Healthy dividend… Source link

Russian forces have lost ground in Severodonetsk, a key city in eastern Ukraine that has been the scene of ferocious fighting as Moscow seeks to gain control of Donbas, a regional governor said Sunday. “The Russians were in control of about 70 percent of the city, but have been forced back over the past two days,” Lugansk regional governor Sergiy Gaiday wrote on Telegram.  “The city is divided in two. They are afraid to move freely around the city.” The region of Lugansk has been… Source link

As Floyd Mayweather so often said about his own fights, it was easy work Saturday in Melbourne, Australia, for Devin Haney, the new undisputed lightweight champion. Haney used a blazing jab, his boxing IQ and huge advantages in speed and quickness to blow past George Kambosos and win a unanimous decision before 41,129 at Marvel Stadium in their bout for the undisputed lightweight title. Haney won by scores of 116-112 twice and 118-110, cruising to an easy one-sided victory. Yahoo Sports had… Source link

Tesla CEO Elon Musk at the company’s Cyber Rodeo event in Austin, Texas.SUZANNE CORDEIRO / AFP Elon Musk tweeted that the “total headcount would increase” at Tesla and salaried staff would stay “fairly flat.” Musk’s comments came after the Tesla CEO sent an email to staff saying he would cut 10% of salaried jobs. Tesla employed nearly 100,000 staff at the end of 2021. After sending an email about job cuts for salaried staff, Tesla CEO Elon Musk seemed to retract his statements in a tweet reply… Source link