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Stock futures advanced on Wednesday after the market staged a U-turn in earlier trading, welcoming a Federal Reserve decision to ramp up the pace of its taper and leave interest rates unchanged — for now. All three major U.S. indexes opened higher ahead of the overnight trading session, driven mostly by tech stocks after clarity from the Fed about their timeline for rate hikes. Contracts on the Dow were up 10 points to 35,936.00, and S&P 500 futures edged higher by 3 points to 4,712.50…. Source link

In the wake of more COVID-19 diagnoses across the NBA, the league is looking into modifying current protocols, sources told Yahoo Sports. The NBA and NBPA are exploring multiple options, and restricting outside access for teams in visiting markets isn’t out of the question, sources told Yahoo Sports. That was the protocol last season before the COVID-19 vaccines became readily available, and unvaccinated players already follow stringent protocols. The new likely protocols will include… Source link

Former Jacksonville Jaguars kicker Josh Lambo says that head coach Urban Meyer called him derogatory terms and kicked him at practice prior to his release from the team early this season.  Lambo told his account to Rick Stroud of the Tampa Bay Times in a story published on Wednesday. The alleged incident occurred during a preseason practice after Lambo had missed field goals in two preseason games. “I’m in a lunge position,” Lambo told the Times. “Left leg forward, right leg back. …… Source link

Then-President Jimmy Carter signed a law in 1978 that changed retirement forever by introducing the 401(k), but one expert believes the benefit is “just now reaching full maturity.” “We’re just now starting to see large numbers of people who may have been covered by a 401(k) over their entire working life,” says Dave Richardson, the head of the TIAA Institute, the research arm of one of the country’s leading providers of retirement plans. The 401(k) has become ubiquitous with an… Source link

Senator Sherrod Brown, Chairman of the Senate Banking Committee isn’t convinced stablecoins will offer what they intend, voicing concerns that lax oversight could result in a repeat of a financial crisis. But in an interview with Yahoo Finance, the Ohio Democrat described himself as open-minded on how to , and doesn’t want to kill innovation. “My job is not to resist or say no to cryptocurrency generally, but to make sure that they follow rules, that they are regulated, and transparency… Source link

Special to Yahoo Sports If you were officially eliminated from your fantasy football league this past weekend, don’t fret. The NBA season is just heating up, and you can still draft a fantasy basketball squad on Yahoo. As we prepare you for your drafts and catch you up on what you might have missed through the first quarter of the NBA season, here are some players to target in the middle-to-late rounds. It’s been a rough start to the season for the Nuggets. Already down Jamal Murray… Source link

Inflation in the U.K. has hit a 10-year high in the 12 months leading up to November, while last week the Labor Department reported U.S. prices rose at their fastest rate in 39 years for that month. In a wide-ranging new interview taped before the U.K. numbers were released on Wednesday, billionaire hedge fund manager Ray Dalio raised concerns about the effects of inflation on the bond market. That market has been a volatile one in recent months, as bond prices typically fall during… Source link

The Arizona Cardinals will fight for the top seed in the playoffs without one of their biggest playmakers. Wide receiver DeAndre Hopkins is expected to miss the rest of the regular season due to a sprained knee, according to Adam Schefter of ESPN. Hopkins sustained the injury during Monday night’s loss to the Los Angeles Rams. He had an MRI on Monday, and went for a second opinion Wednesday.  Hopkins may need surgery to correct the issue, according to Schefter. Despite the injury, the… Source link

Carnival Corp. CEO Arnold Donald told Yahoo Finance Live the cruise line operator has put in stringent health protocols to ensure it’s back sailing safely during the pandemic. The result is minimal incidences of COVID-19 on the company’s ships, which are now back in the waters carrying vacation goers.  “Here in the U.S., we are sailing under what the CDC would call vaccinated cruises, that’s at least 95% of the guests are vaccinated. Our crew is vaccinated. Then we test. We do require a test,… Source link

When the Fed begins its long-awaited bond-tapering program as it seeks to tame red-hot inflation, the clock starts ticking on when the U.S. might see another recession.  Or so says strategists at Deutsche Bank.  The investment bank predicts the Federal Reserve will accelerate the purchase of its bond purchases in 2022 (and then quickly), opening the door for the first interest rate hike of this economic cycle as early as March.  With that first hike and the end of the tapering program —… Source link