Cyclical stocks may be in for a bumpy ride in 2022, as inflation concerns persist and the multiple rate hikes appear imminent, strategists forecast. “I think it’s not going to be a smooth sailing rise higher across the cyclicals,” Megan Horneman, Verdence Capital Advisors Director of Portfolio Strategy. “I still do think you’ll get some tug of war, like you saw today, where some money may rotate back into those growth sectors when you see interest rates decline or the Fed put some… Source link
Read More »Yahoo Japan Tells Entire Workforce They Can Work From Home
Yahoo Japan is one of the companies leading the way in the work from home revolution, telling its 8,000 employees that they can work from anywhere in the country. The new policy takes effect April 1. The company will even fly workers into work when the job requires. “As a result of dialogues with employees and various surveys, 90% of the employees said that their work performance did not change or improve, so Yahoo decided to liberalize the place where employees live in Japan,” Yahoo Japan… Source link
Read More »3 Fed interest rate hikes in 2022 ‘not necessarily in the bag,’ US Bank chief economist says
Consumer prices in December rose the most year-over-year since 1982, feeding into the Federal Reserve’s guidance that it may need to raise interest rates three times this year to combat inflation. But one economist says the last year has taught an important lesson: forecasters have to stay humble, and nimble. That means there’s no guarantee that three hikes will be necessary. “I think there’s some downside risk for the economy, and, therefore, three hikes are not necessarily in the… Source link
Read More »‘We’re going to make a significant impact on this COVID pandemic’
Novavax (NVAX) is waiting for its COVID-19 vaccine to be authorized in the U.S., but with authorizations now in three major markets globally, the biotech company says it’s making its mark on the pandemic. “We’re going to make a significant impact on this Covid pandemic,” CEO Stanley Erck told Yahoo Finance Tuesday. “The market for primary vaccination — two-dose vaccination which is now being talked about as three-dose vaccination — is unsatisfied,” Erck said. “It’s not exclusively low… Source link
Read More »An important investing reminder that could make or break your portfolio in 2022
When it comes to the Federal Reserve’s looming interest rate hiking cycle, speed of movement should be top of mind among investors that will have to navigate the evolving liquidity backdrop with precision. “I think it’s the speed at which the Fed will have to move [on rates] that probably defines market behavior, not in a broad sense but in terms of leadership,” said Charles Schwab chief investment strategist Liz Ann Sonders on Yahoo Finance Live. The Consumer Price Index (CPI) reading out… Source link
Read More »Giants owner John Mara calls Joe Judge era ‘rock bottom’
New York Giants co-owner John Mara knew firing Joe Judge was the right decision. Mara spoke about that choice Wednesday, explaining he felt the team hit “rock bottom” toward the end of the season. Mara’s full quote is actually much worse. He thought the team hit rock bottom weeks ago, only for the team to one-up its own failure every single week. That’s an honest — and scathing — assessment of Judge’s final weeks with the team. Judge drew headlines after a blowout loss against the Chicago… Source link
Read More »Take-Two’s $12.7 billion purchase of Zynga will combat Apple’s privacy changes
This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Wednesday, January 12, 2022 Take-Two’s acquisition of Zynga gives its mobile arm the size to fight Apple’s privacy changes Take-Two Interactive’s (TTWO) $12.7 billion acquisition of mobile gaming giant Zynga (ZNGA) announced this week means the company behind “Grand Theft Auto” and the maker… Source link
Read More »Yahoo Japan to expand remote work, pay for commutes by plane – Nikkei Asia
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Read More »17-year-old Scoot Henderson is next one up in 2023 NBA draft
The past few weeks in the NBA have been filled with players like Lance Stephenson, Isaiah Thomas, Mario Chalmers and DeMarcus Cousins, and more than 100 G League players signing 10-day contracts. It’s all thanks to the new hardship rule due to COVID-19 health and safety protocols. One player you won’t hear getting called up, even though many teams would love to, is 17-year-old Scoot Henderson from the G League Ignite. “The only thing holding Scoot back from getting a chance in the league right… Source link
Read More »What economists are saying about the highest inflation in nearly 40 years
U.S. consumer prices rose at their fastest rate in nearly four decades in December, with inflationary pressures rippling through the economy as supply chain bottlenecks persisted alongside elevated demand. The Bureau of Labor Statistics’ December Consumer Price Index (CPI) posted a 7.0% year-over-year increase at the end of 2021 in the fastest increase since 1982. This matched consensus estimates, based on Bloomberg data, but accelerated from November’s 6.8% increase. On a month-over-month… Source link
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