Tag Archives: Biggest

Main Street banking is poised to see the best growth since the 1980s, when Madonna and Michael Jackson were on MTV, Ronald Reagan was in office, and everyone had long hair and wore neon attire. And Bank of America (BAC) will be the biggest winner. That’s according to Wells Fargo analyst Mike Mayo, who told Yahoo Finance Live on Thursday that traditional banking revenue will grow the same way it did in the 1980s, creating a boom for the industry in the next three years. Moreover, BofA stands… Source link

(Bloomberg) — Chinese stocks listed in Hong Kong had their worst day since the global financial crisis, as concerns over Beijing’s close relationship with Russia and renewed regulatory risks sparked panic selling. Most Read from Bloomberg The Hang Seng China Enterprises Index closed down 7.2% on Monday, the biggest drop since November 2008. The Hang Sang Tech Index tumbled 11% in its worst decline since the gauge was launched in July 2020, wiping out $2.1 trillion in value since a… Source link

The NCAA men’s tournament selection committee faced a tougher challenge than usual this March when trying to differentiate among the final at-large contenders. There were bubble teams of every flavor up for consideration this year. Some surged into at-large contention during March; others arrived at Selection Sunday leaking oil and missing cylinders. Some were barely over .500 but with a bushel of impressive wins; others had sparkling records but little to show for it. Some were marquee programs… Source link

Sometime before 6 p.m. ET on Sunday, the NCAA tournament selection committee will email a completed bracket to CBS to unveil on its the selection show. Here’s a look at the biggest decisions that the committee will have to make between now and then: 1. Who will join Gonzaga and Arizona as No. 1 seeds? The chaos in the SEC tournament this week worked in the Big 12’s favor. With neither Auburn nor Kentucky even making the SEC title game, Kansas and Baylor both now appear almost certain to… Source link

The LinkedIn posts of departing Peloton employees (and those people in the industry willing to help them) are piling up on Tuesday, one comes from the former CEO of Precor. Peloton spent $420 million to buy commercial fitness giant Precor in December 2020 as it sought to build out production capacity to support its then views of strong future demand. It stands as the company’s largest acquisition in its history. The acquisition gave Peloton 625,000 square feet of U.S. manufacturing capacity… Source link

A flurry of IPOs large and small have gone public during the pandemic, and some have been struggling more than others. Higher inflation and the likelihood of tighter monetary policy has beaten down the shares of many companies which went public last year, some of which have yet to report a profit. The biggest IPOs of 2021 and 2020, measured by the amount of money raised, shows shares of the top five initial public offerings of last year have fared worse than the largest ones to go public in… Source link

(Bloomberg) — Meta Platforms Inc.’s one-day crash may rank as the worst in stock-market history. Most Read from Bloomberg The Facebook parent plunged 24% in U.S. trading Thursday on the back of poor earnings results, putting it on track to erase more than $200 billion. At current levels, that’s the biggest collapse in market value for any U.S. company. But there’s no certainty the losses will hold, especially given the recent volatility that’s whipped across technology shares. Markets… Source link

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 19, 2022 Spotify needs to keep its artists happy, or it will have nothing Spotify (SPOT), the world’s most popular music streaming service, faces an existential threat in the form of a boycott by the very artists it needs to survive. So far, Neil Young and Joni Mitchell have… Source link

There’s no football to bet on until the Super Bowl. Just one NFL game remains until September. This is the point in the sports calendar where we look towards other sports such as the NHL to fill the void that’s about to be left by America’s favorite sport.  Maybe you haven’t been paying much attention to the other sports over the past few months as you’ve been in football mode. There’s no shame in that. It’s early February and the best part of college basketball, NBA and NHL is yet to… Source link

Stocks rose Wednesday as investors eyed a new report on inflation, which showed another decades-high rate of price increases across the recovering economy. Still, this came a day following remarks from Federal Reserve Chair Jerome Powell reasserting that the central bank would step in as needed to rein in rising prices.   The Bureau of Labor Statistics’ December Consumer Price Index (CPI) showed prices rose at a 7.0% year-over-year rate at the end of 2021, marking the fastest increase since… Source link