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By Rodrigo Campos and Ira Iosebashvili (Reuters) – A stronger-than-expected showing by Democrats in the U.S. midterm elections may force investors to rethink the split government scenario many had expected. Democrats held onto control of the U.S. Senate, extinguishing hopes of the “red wave” that Republicans had expected leading into the midterm elections. Republicans remain close to seizing control of the House of Representatives as officials continued counting ballots, with results expected… Source link

The bankruptcy filing of crypto exchange FTX on Friday did not stop the chaos surrounding the once prominent and trusted crypto trading venue. Since the filing that included 135 affiliated companies, millions of dollars in crypto have been stolen from the company, which is facing a shortfall between $6 billion and $10 billion. Bahamian officials are also probing the matter. “I don’t think it’s an understatement to predict that the FTX bankruptcy will be the most complex in U.S. history,”… Source link

Everything was going so well for Tom Brady and the Tampa Bay Buccaneers. Coming off a dramatic last-second win last week over the defending Super Bowl champion Los Angeles Rams, Tampa Bay rolled into Munich for the NFL’s first-ever game in Germany with heat. Through the first half of the game, Brady looked like the Touchdown Tom of old, and Tampa Bay looked ready to shake off the grime of their ugly first half of the season. Brady staked the Bucs to a 14-0 lead over the Seattle Seahawks on… Source link

Everything was going so well for Tom Brady and the Tampa Bay Buccaneers. Coming off a dramatic last-second win last week over the defending Super Bowl champion Los Angeles Rams, Tampa Bay rolled into Munich for the NFL’s first-ever game in Germany with heat. Through the first half of the game, Brady looked like the Touchdown Tom of old, and Tampa Bay looked ready to shake off the grime of their ugly first half of the season. Brady staked the Bucs to a 14-0 lead over the Seattle Seahawks on… Source link

U.S. stocks are coming off of their best week since June, and Wall Street’s ability to extend the winning streak in days ahead likely hinges on news out of the retail sector. Lighter inflation data rekindled investor hopes that a monetary policy shift is near, and key earnings results from retailers and the government’s October report on the sector could put that optimism to the test. Walmart (WMT), Target (TGT), and the Home Depot (HD) top a lengthy docket of companies scheduled to unveil… Source link

AMC (AMC) CEO Adam Aron is preparing to go on a shopping spree if struggling theater operators begin to sell their locations amid financial struggles. “I think there’s going to be an opportunity for us to pick up theaters quite inexpensively and pick up really high-quality theaters and potentially quite profitable theaters,” Aron said on Yahoo Finance Live (video above). “Right now, because of the unique position we’re in, that we have liquidity and a lot of our competitors do not, I think… Source link

South Korea lawmakers observe that as broadband is essential for society, so is broadband cost … [+] recovery. getty South Korea National Assembly member and Chair of the Committee for Science, Technology, Broadcasting and Communication, Young-Chan Yoon of the Democratic Party of South Korea and more than a dozen lawmakers from leading parties proposed an amendment to the telecom framework on September 8. A series of hearings have bill held around the bill which mandates no fees but… Source link

NEW YORK — Israel Adesanya was knocked out in his second kickboxing fight by Alex Pereira despite controlling most of the bout until the finish. On Saturday in the main event of UFC 281 at Madison Square Garden, history repeated itself. Adesanya was controlling the fight, hurt Pereira twice and was seemingly on the way to a decision victory. Then, out of nowhere, the hard-hitting Pereira cracked Adesanya with a combo and the course of UFC history was changed. The first right hand hurt… Source link

Halfway through November, the NHL is up and running and firing on all cylinders. It’s been an interesting season thus far, and that will hopefully continue Sunday. There are five games starting at 6 p.m. EST or later. Here are some players to target, and to avoid, for your DFS lineups. GOALIE Igor Shesterkin, NYR vs. ARI ($36): Both teams are on the second leg of a back-to-back, but Shesterkin and the Rangers are at home. The Coyotes come in last in shots on net allowed per game. Shesterkin is… Source link

Even hip-hop icon Fat Joe is feeling the sting of inflation. “My wife is upset with the economy because everybody’s doing terrible out here — and we have more friends that are middle class to poor than we have rich friends,” the millionaire “Lean Back” singer said in a new edition of Yahoo Finance Presents. “You know, my wife came home from the supermarket. She had one bag. She was like: ‘It was $350… one bag.’ It’s crazy.” While the stock market embraced the latest Consumer Price Index… Source link