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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

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

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

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

(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

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

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

With gasoline prices through the roof at record highs, inflation running at 40-year record levels, and last year’s bullish stock market turn down into a genuine bear, it’s no wonder that the financial and economic worlds are looking like reruns of ‘That 70s Show.’ Market watchers remember that the bad times of the late 70s and early 80s were tamed only when Fed Chair Paul Volker sparked a recession with near-20% interest rates – and for investors under 45, just take note that Q1… Source link

Google is paying the Wikimedia Foundation to help serve up the most accurate and up-to-date information on its search engine. The Wikimedia Foundation, the nonprofit group behind Wikipedia, says Google is one of the first companies to buy into its commercial Enterprise service. Launched last year, Wikimedia Enterprise allows customers (like Google) who reuse massive chunks of information from Wikimedia’s services to access its content more efficiently. Instead of relying on free data… Source link

Telecom company Mint Mobile is cutting rates, and Ryan Reynolds is here to tell you why: “Because we don’t hate you.” Yes, that Ryan Reynolds. On top of his other investments and movie-star-related activities, Reynolds is an owner of Mint, a mobile virtual network operator that he first invested in back in 2019. Though Mint doesn’t disclose the size of its user base or Reynolds’s stake, the company says it has more than doubled in size annually since it was founded five years ago. In… Source link