In an article highlighting the impacts of climate change on Alaska and Hawaii, Yahoo News cited information from the University of Maine Climate Reanalyzer that shows temperatures in the upper third of Alaska, located inside the Arctic Circle, have been observed at an average of 11.5 degrees Fahrenheit above normal this month. Aol, WPXI-TV (Pittsburgh, Pennsylvania), WFTV-TV (Orlando, Florida), WSB-TV (Atlanta,… Source link
Read More »Civil rights icon Andrew Young cites Inflation Reduction Act as a sign of progress
During a recent episode of “Influencers with Andy Serwer,” civil rights activist and former ambassador to the United Nations Andrew Young praised the passage of the Inflation Reduction Act. “It’s taken us a long time,” Young told Yahoo Finance. “But Joe Biden got a bill passed last night, but we’ve been moving in this direction for a long time.” The Inflation Reduction Act, which President Biden signed into law last week, invests roughly $375 billion into fighting climate change over… Source link
Read More »Ethereum co-founder says every ‘average smallholder’ impacted by Terra’s stablecoin crash should be made whole, cites FDIC’s $250,000 as ‘precedent’
The Terra ecosystem completely unraveled last week, taking much of the cryptocurrency market down with it. Its algorithmic stablecoin TerraUSD (UST) crashed far below its $1 peg, and its sister token Luna collapsed to nearly zero. Though the overall market is now recovering, the demise of UST and Luna wiped out many cryptocurrency investors’ life savings. This left the Terra community, including its creator Do Kwon, proposing plans to somehow fix the damage done. One proposal on the Terra… Source link
Read More »Nick Saban and his medical team wouldn’t allow Jameson Williams to play despite his desire to return; cites future in NFL as reasoning
Alabama lost, but it doesn’t feel like the end of the world, at least in my household. The Crimson Tide accomplished far more than I thought possible this season, especially following the loss in College Station to Texas A&M. But, among the confetti, a future NFL draft pick named Jameson Williams watched on. Williams cemented his future in the NFL after transferring to Alabama from Ohio State this season. It turned out to be one of the best decisions he’s ever made. In his only year at the… Source link
Read More »Hedge fund veteran cites ‘quite good’ news for the S&P 500
The S&P 500 is showing its strength amid concerns over the Omicron variant of COVID-19 casting a shadow over markets, morale, and hospitals this holiday season. Despite the uncertainties caused by this latest chapter of the pandemic, the index’s large caps are doing much better than their smaller counterparts, hedge fund veteran Nicholas Colas pointed out on Monday in the DataTrek newsletter. The returns since Nov. 24, when the variant first was reported to the World Health Organization,… Source link
Read More »Yahoo leaves China for good, cites “challenging” environment
A Yahoo logo is pictured in front of a building in Rolle, Switzerland December 12, 2012. REUTERS/Denis Balibouse SHANGHAI, Nov 2 (Reuters) – Yahoo said it had stopped allowing its services to be accessible from mainland China “in recognition of the increasingly challenging business and legal environment”, the second Western tech brand to quit the country in recent weeks. The company stopped providing content for users in mainland China as of Nov. 1, according to a statement published on its… Source link
Read More »Yahoo leaves China for good, cites “challenging” environment
By Josh Horwitz, Brenda Goh SHANGHAI (Reuters) – Yahoo said it had stopped allowing its services to be accessible from mainland China “in recognition of the increasingly challenging business and legal environment”, the second Western tech brand to quit the country in recent weeks. FILE PHOTO: A Yahoo logo is pictured in front of a building in Rolle, Switzerland December 12, 2012. REUTERS/Denis Balibouse The company stopped providing content for users in mainland China as of Nov. 1,… Source link
Read More »AMC Entertainment Q4 Sales Plunged 90%, Losses Ballooned Amid Pandemic; CEO Adam Aron Cites “Most Challenging Market Conditions” In 100 Years
AMC Entertainment revenue plunged last quarter to $162 million from close to $1.5 billion the year before as the global pandemic squeezed exhibition. That beat expectations, coming about $20 million above Wall Street’s consensus estimates. The stock is up 3% in late trading. Net losses widened to $946 million, including a hefty one-time impairment charge, from $13.5 million the year before. For full-year 2020, AMC said it lost $4.58 billion vs. $149M loss in all of 2019. More from Deadline As… Source link
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