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(Bloomberg) — Ray Dalio came out with a gloomy prediction for stocks and the economy after a hotter-than-expected inflation print rattled financial markets around the globe this week. Most Read from Bloomberg “It looks like interest rates will have to rise a lot (toward the higher end of the 4.5% to 6% range),” the billionaire founder of Bridgewater Associates LP wrote in a LinkedIn article dated Tuesday. “This will bring private sector credit growth down, which will bring private… Source link

Housing affordability hasn’t been this bad since Ronald Reagan was president. It now takes 35.51% of the median household income to make a principal and interest payment on the median home with 20% down, according to figures mortgage technology and data provider Black Knight shared with Yahoo Money. That’s the highest payment-to-income ratio since October 1985 when it took 36.01% of household income to make that payment. Just in January, that ratio was 24.61%, below the long-term average… Source link

The NFL is a snow-globe league and every week and every season is weird, and weird in its own way. You want to be careful with overarching fantasy themes and takeaways because we’re never far away from a set of unexpected results. That said, the top wide receivers sure ran pure in Week 1, and it has to make you wonder: Will Fantasy Football 2022 be defined by big-name, glamorous pass-catchers? Is this the year of the receiver? Consider the top-seven scoring wideouts in the opening week: •… Source link

This article is part of our Yahoo DFS Golf series. Fortinet Championship Napa, CaliforniaSilverado Resort & Spa (North Course) – Par 72 – 7,123 yardsField – 156 entrantsPurse – $8M The Preview Upon the announcement of scheduling changes beyond the upcoming 2022-23 season, the PGA Tour’s final traditional fall series commences this week in wine country as Napa Valley’s Silverado Resort plays host to the Fortinet Championship for the ninth consecutive year. The 7,123-yard, par-72 layout… Source link

A Mustang stampede and a presidential visit are on offer at this year’s Detroit Auto Show. The show, also known as the North American International Auto Show (NAIAS), usually takes place in January from the Huntington Place convention center next to the usually frozen Detroit River. But due to COVID-19 and other changes, the show was cancelled last year and moved to September. Though many automakers have been pulling away from traditional auto shows, some of the bigger automakers are still… Source link

Google CEO Sundar Pichai, speaking at the Code Conference last week, suggested the tech company needed to become 20% more efficient — a comment some in the industry took to mean headcount reductions could soon be on the table. Now, it seems that prediction may be coming true. TechCrunch has learned and Google confirmed the company is slashing projects at its in-house R&D division known as Area 120. The company on Tuesday informed staff of a “reduction in force” which will see the… Source link

The logo of Russian internet group Yandex is pictured at the company’s headquarter in Moscow, Russia October 4, 2018. REUTERS/Shamil Zhumatov Register now for FREE unlimited access to Reuters.com Register This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Sept 14 (Reuters) – Russian tech giant Yandex (YNDX.O) on Wednesday said it had launched food delivery service Yandex Eats in Armenia, delivering on a promise to develop its… Source link

As consumer social apps shift their focus to video for social expression and adopt more creative tools, like those for collage-making, Google Photos’ often more utilitarian app will now do the same. The company today announced an upgrade to Google Photos and its app for mobile devices that will better highlight users’ videos, create visual effects with photos set to music, introduce its own collage editor, and more. The additions are a part of a larger upgrade to Google Photos’… Source link

BELGRADE, Serbia — College basketball doesn’t start for another month, and the blockbuster matchup between top 2023 NBA draft prospects, Victor Wembanyama and Scoot Henderson, is slated for Oct. 4 and 6. For fans and NBA scouts who are eyeing next year’s draft, one of the most talented classes in recent memory, they were able to get an early look at projected lottery picks, 6-foot-7 twins Amen and Ausar Thompson on a 14-day European tour with Overtime Elite, playing in Spain and… Source link

If you’re still trying to make sense of the NFL’s opening week, we have a six-pack of stats that will hopefully help fantasy managers out there. Let’s begin by acknowledging an astonishing comeback… 260: That’s how many days passed from the moment James Robinson tore his Achilles last season to when he returned to action in opening week against Washington. Amazing. It’s one of the most remarkable recovery timelines in recent memory, given the severity of the injury. Robinson was phenomenal… Source link