Tag Archives: Broken

After weeks of silence, Adidas (ADDYY) has officially cut ties with rapper Kanye “Ye” West following his antisemitic remarks— but is it too little, too late? Adidas “has really broken trust with their customers,” Angeli Gianchandani, practitioner in residence at the University of New Haven, told Yahoo Finance Live (video above), stressing that the German brand will now have to repair its reputation. “Being able to communicate immediately and getting in front of the crisis is important,” she… Source link

Adrian Grenier is bullish on crypto. The “Entourage” actor, who previously said he expects Bitcoin (BTC_USD) to replace fiat currencies like the U.S. dollar, told Yahoo Finance that crypto can “fix a lot of the systems that are broken currently, and are quite wasteful across all industries.” Grenier, a UN Environment Goodwill Ambassador, defended operations like bitcoin mining, which critics say hurts the environment due to its sizable energy draw. “[There’s] a trade off for all things,”… Source link

The national average price for gas has topped $4 a gallon for the first time in over a decade as gas costs continue to soar in the wake of Russia’s invasion of Ukraine. As of Sunday afternoon, the national average of a regular gallon of gas was $4.009, according to AAA. That’s up 8 cents from Saturday and up 40 cents from last week. The U.S. hit the $4 national average a day earlier than analysts expected. The record high for the national average is $4.11, set on July 17, 2008, according to… Source link

President Vladimir Putin (R) and Yandex CEO Arkady Volozh visit the Yandex headquarters in Moscow TASS via Getty Images Arkady Volozh, the tech entrepreneur behind Yandex—the Russian equivalent to search engines like Google and Yahoo—has seen the value of his stake in Russia’s top tech giant fall by over 60% since last Thursday, the day Putin attacked Ukraine. Volozh himself lost more than $400 million that day, as Russia’s wider business community… Source link

Las Vegas Raiders running back Kenyan Drake suffered a broken ankle in their 17-15 loss to the Washington Football Team on Sunday, according to the NFL Network’s Ian Rapoport. Drake will miss the rest of the season. Drake went down midway through the second quarter at Allegiant Stadium when he was stuffed at the line of scrimmage after a handoff near midfield. As he went down, Drake’s right leg was caught by a Washington defender and could be seen bending awkwardly under the pile. Drake… Source link

Major student loan servicer Navient (NAVI) is quitting the federal servicing business, the company announced Tuesday, handing off its 5.5 million borrowers holding about $280 billion in federal student loans to Maximus, another servicer. Advocates and progressive lawmakers led by Senator Elizabeth Warren (D-MA) heralded the move, in light of Navient’s troubled relationship with the federal government’s consumer protection bodies.  But the departure adds another challenge when the Education… Source link

Medicare will begin to run out of money in five years. Image: Getty Crunch time for Medicare is just five years away, according to the latest annual report from the trustees who oversee the program. The trustees say the popular health care program for seniors will begin to run short of money in 2026, the same doom date as in last year’s report. The COVID pandemic and its effect on the economy represent an “unprecedented level of uncertainty,” however, and the funding shortfall could arrive… Source link

The cost of health care in the U.S. has grown worse in recent years as Americans continue taking on unprecedented levels of medical debt. The issue has gotten so bad that one New York-based 501 charity, RIP Medical Health, uses donations to buy up people’s medical debt. The organization recently announced a purchase of $278 million in medical debt owed by roughly 82,000 patients in the Tennessee and Virginia regions. “Medical debt is the no. 1 cause of bankruptcy in the United States,… Source link

Senator Elizabeth Warren (D-MA) grilled two student loan servicers and hosted experts at a student loan hearing on Tuesday before sitting down with Yahoo Finance to describe her argument for President Biden to unilaterally cancel $50,000 in federally-backed student loans for tens of millions of Americans. “Overall, in this hearing, it was perfectly clear [that] we have a broken student loan system,” Warren, chairwoman of the Subcommittee on Economic Policy at the Senate Committee on Banking,… Source link

Enlarge / A Wear OS watch. Ron Amadeo Poor, dying Wear OS. Apparently, the Google Assistant on Wear OS has been broken for months, and until now, no one at Google has noticed. About four months ago, diehard Wear OS users started a thread on the public Android issue tracker saying that the “OK Google” hotword no longer worked on Wear OS, and several claimed that the feature has been broken for months. Recently, news of the 900-user-strong… Source link