Tag Archives: days

Britta Pedersen/Getty Images; Twitter; Rachel Mendelson/Insider Elon Musk’s decision to kill the $44 billion Twitter deal means banks could lose a “nine-figure” payday. Musk’s and Twitter’s financial advisors could pocket up to $192 million if the deal closes. The billionaire faces an uphill battle to call off the deal as he has to prove there’s been a material adverse effect on the transaction. Elon Musk’s ‘will-he-won’t-he’ dance to buy Twitter took a turn on Friday after the billionaire said… Source link

Gen Z workers entering the labor market are pushing to transform the idea of what a typical office job looks like. According to the Center for Generational Kinetic’s (CGK) Annual State of Gen Z study, starting salary is the most important job factor for Gen Z workers — defined as those who fall between the ages of 16 and 26 — followed by schedule flexibility. “We found that 44% of Gen Z said they had to work five days a week if they really wanted to get promoted,” Jason Dorsey, a Gen… Source link

U.S. consumer prices rose 8.6% in May from a year ago, marking the biggest increase since December 1981. But according to pollster and GOP political strategist Frank Luntz, things are about to get a lot worse. “We are 13 days away from an absolute explosion on inflation,” Luntz told CNBC last week, referring to the upcoming 4th of July weekend. He explains that Independence Day, Thanksgiving, and Christmas are three holidays where Americans hit the road and “buy more food than any other… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, June 15, 2022 Today’s newsletter is by Brian Cheung, an anchor and reporter covering the Fed, economics, and banking for Yahoo Finance. You can follow him on Twitter @bcheungz. Up until last Friday, the Federal Reserve’s game plan for tackling rapid inflation was clear: raise interest rates by half a percent on June 15. In the last few… Source link

Brittney Griner’s pretrial detention was extended by 18 days on Tuesday, which will keep her in Russian custody until at least July 2, a state news agency said via The New York Times. This marks the third time the Phoenix Mercury star’s pretrial detention was extended by a Moscow court, something that is reportedly typical in Russia. This latest extension was granted at the request of investigators, per the report. Griner was arrested Feb. 17 after officials claimed they found vape… Source link

NASCAR marked the start of Pride Month on Wednesday by admitting that its “recent actions” had not been in line with the sanctioning body’s public efforts for better diversity and inclusion. Texas Gov. Greg Abbott (R) waved the green flag ahead of the May 22 All-Star Race at Texas Motor Speedway. In February, Abbott called for state agencies to investigate gender-affirming treatments on transgender teenagers. Abbott’s calls for investigations came after Texas Attorney General Ken… Source link

(Reuters) – Goldman Sachs Group Inc will allow its partners and managing directors to take as much time off as they want under a new “flexible vacation” scheme to promote “rest and recharge,” The Telegraph reported on Saturday, citing an internal memo. The Wall Street bank memo said that, as of May 1, there will be no cap on paid leave and senior staff can “take time off when needed without a fixed vacation day entitlement,” the newspaper added. All employees are expected to take at least 15… Source link

Netflix (NFLX) is past its prime. Shares of the streaming media giant crashed nearly 40% on Wednesday as the company uncorked another disappointing quarter, sparking fresh worry on the Street about future growth potential. “I think its best days are behind it,” said Macquarie tech analyst Tim Nollen on Yahoo Finance Live. Nollen is one of the few analysts on Wall Street to downgrade Netflix shares ahead of the company’s latest results. And Nollen’s call looks to be spot on. Here’s how Netflix… Source link

FULTON MARKET — Mimosas, cupcakes, prize raffles and a full-service breakfast bar welcomed back nearly 2,000 employees at Google’s Midwest headquarters in Fulton Market Tuesday. They also arrived at the office with new rules. With its official reopening this week, Google executives said the company has adopted a “flexible workweek” with employees required to work from the office three days a week, with no planned date to implement a full five-day return. “Three days a week we feel… Source link

(Bloomberg) — The U.S. bond market reeled further on Tuesday, extending Monday’s declines after Federal Reserve Chair Jerome Powell’s aggressive rate hike comments drove yields on short-dated Treasuries to one of their biggest daily jumps of the past decade. Most Read from Bloomberg The central bank chief’s hawkish tone led traders to rapidly ratchet up estimates for how aggressively the Fed will tighten monetary policy this year as rising commodity prices threaten to add fuel to the… Source link