In early 2020, an accounting scandal at Luckin Coffee blindsided its American stockholders as the coffeehouse chain’s stock price fell to the floor. Luckin Coffee highlighted a problem: American investors knew little of Chinese company financials while the stocks trade freely on U.S. exchanges. The incident sparked questions regarding whether other crises involving U.S.-listed Chinese companies lurked around the corner. Congress acted to stop the next Luckin by passing the Holding Foreign… Source link
Read More »Takeaways from the early bracket reveal
With the Super Bowl and Valentine’s Day both in the rearview mirror, that can only mean one thing: the NCAA tournament is almost here. Twenty-two days before Selection Sunday, the NCAA men’s basketball selection committee shared a snapshot of its top 16 teams. Here is the partial bracket that the committee unveiled on Saturday afternoon and four key takeaways. 1. GONZAGA, NOT ARIZONA, IS NO. 1 IN THE WEST Glance at the resumés of Gonzaga and Arizona, and it’s not easy to tell them… Source link
Read More »Early top 25 rankings for 2022 season
Now that the 2021 college football season is over, it’s already time to start looking ahead to 2022. We’ll have a better idea of what teams will look like over the next few weeks as players declare for the NFL draft before the Jan. 17 early-entry deadline and coaches add transfers before shoring up their recruiting classes in February. But it’s not too early to make our first guess at what the top 25 will look like ahead of the 2022 season. As always, this is simply a first look. Things are… Source link
Read More »Fed Vice Chairman to leave two weeks early in wake of ethics debacle
Federal Reserve Vice Chairman Richard Clarida will leave the central bank two weeks earlier than planned, following increased scrutiny into financial transactions he made in 2020 — while the Fed was taking action to save the U.S. economy. Clarida, who served as the central bank’s No. 2 official on monetary policy efforts through the pandemic, said he will step down from the Fed effective Jan. 14. He was appointed by the Trump administration in September to serve for a term that expired… Source link
Read More »Anthony Davis leaves Lakers loss early with knee injury
Friday night was a tough one for Anthony Davis. The Los Angeles Lakers star, after rolling his ankle early in the night at the Target Center, left L.A.’s 110-92 loss to the Minnesota Timberwolves early after suffering a left knee contusion. Then as he walked to the locker room, Davis collapsed in pain in the tunnel. Anthony Davis leaves early with knee contusion Davis caught a pass from LeBron James at the top of the key in the third quarter and immediately went to send it back to him. As Davis… Source link
Read More »Fed asset purchases could end ‘few months early’ as Omicron worries rise
Federal Reserve Chairman Jerome Powell said Tuesday that the central bank could end its asset purchase program a few months sooner than currently planned, signaling confidence in the economic recovery despite jitters over the Omicron variant of the coronavirus. “We now look at an economy that is very strong and inflationary pressures that are very high and that means it’s appropriate for us to discuss at our next meeting — which is in a couple weeks — whether it would be appropriate to… Source link
Read More »Warren Buffett saw inflation coming early on — 8 tips to help you come out ahead
Warren Buffett saw inflation coming early on — 8 tips to help you come out ahead Rising prices and uncertainty about how long they’ll last are putting Americans in a bad mood. Inflation was significantly worse than expected in October, with consumer prices soaring 6.2% from a year ago. That inflation rate was the steepest in more than 30 years, with energy, housing, food and cars leading the way. When prices began accelerating earlier this year, some experts, including the “Oracle of… Source link
Read More »Google News to return to Spain early next year
Google Google News will soon be available again in Spain after the… Source link
Read More »‘Overwhelmed’ teachers lead Virginia Beach City to end certain school days early
One Virginia school district has made select Wednesdays shorter for students as teacher burnout through the coronavirus pandemic drags on. The district’s superintendent said the move was to give teachers more time amid a historic shortage of educators. “Our teachers are just tired — they’re tired and they’re overwhelmed and dealing with a lot of the mental health issues that I think many folks are dealing with as a result of the pandemic,” Aaron Spence, superintendent of the Virginia… Source link
Read More »Supply chain issues could ‘last until the early parts of 2023,’ shipping analyst explains
A shipping expert believes that the supply chain crisis may last well into 2023 given how global trade has been reshuffled to meet surging American demand. “We expect… strained supply chains to last until the early parts of 2023,” Peter Sand, chief shipping analyst at Copenhagen-based BIMCO, a shipping trade group, told Yahoo Finance Live (video above). “We are basically seeing a global all-but-breakdown of the supply chains from from end-to-end.” In Sand’s view, the “spectacular recovery”… Source link
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