Tag Archives: explains

Are we in a recession? Let the debate begin. When asked whether the U.S. is in a recession, Elyse Ausenbaugh, global market strategist at JP Morgan, told Yahoo Finance Live: “We do not [think so].” “To us, the main things we’re focusing on are ongoing strength in the labor market,” Ausenbaugh added. “Looking into components of GDP, the fact that consumers are still spending in real terms and that things like credit card delinquencies remain at all-time lows is an encouraging sign that,… Source link

Snap’s stock crash on Friday after a dismal second-quarter earnings report and brutal call is well warranted, one analyst explained to Yahoo Finance. “I feel like the company is going through a near-death experience,” MKM Partners Analyst Rohit Kulkarni said on Yahoo Finance Live (video above). “It’s macroeconomic, Apple and TikTok on top of that customer concentration.” Despite an awful first quarter that did its part to reset investor growth expectations in the current environment, Snap’s… Source link

Keith Martin, 31, and his Bored Ape NFTPhil Rosen/Insider Keith Martin bought a Bored Ape NFT in May 2021 for around $1,700 — just as digital assets began to boom. It’s now worth almost 100 times that and he told Insider at the NFT.NYC conference he won’t sell any time soon. To Martin, the crypto bear market is not a concern, and he even quit his job to get into Web3. When Keith Martin bought his first Bored Ape Yacht Club non-fungible token in May last year, he paid less than $500 and seemed… Source link

Blake Lemoine poses for a portrait in Golden Gate Park in San Francisco. Martin Klimek/ for The Washington Post via Getty Images hide caption toggle caption Martin… Source link

JaMarcus Russell is young enough at age 36 to still be starting in the NFL. Tom Brady and Aaron Rodgers are older, and Matt Ryan was born three months before Russell. But Russell’s path took a different turn during a turbulent three years with the Oakland Raiders. The last time he was seen on an NFL field was January 2010, taking mop-up snaps in a season-ending blowout to the Baltimore Ravens. Then Russell was just gone, quickly anointed one of the biggest busts in NFL draft history. No other… Source link

The shock of the war in Ukraine and China’s zero-COVID policy continues to signal that the pandemic supply chain woes are far from being done. “We have a huge supply shock with what’s going on with the war,” Citi Global Head of Public Sector Group Julie Monaco told Yahoo Finance (video above) at the 2022 World Economic Forum (WEF) in Davos, Switzerland. “So that exasperated things. … We have to remind people all the time: This pandemic is not over. Certainly in China, it’s very disruptive… Source link

The self-proclaimed best fisherman in the UFC says he’s not going anywhere. On Sunday, a tweet from the algorithm-based Twitter account UFC Roster Watch alerted fans to the removal of lightweight Gregor Gillespie from the roster, causing a stir among fans who keep a close eye on the sport. A few hours later, Gillespie (14-1 MMA, 7-1 UFC) clarified and went into detail about his current situation with the UFC, ensuring everyone that his status as a UFC fighter has not changed and he is still… Source link

In early 2019, Michele Turner sat down for dinner with her colleague Grant Erickson. Joining them at the restaurant in Silicon Valley’s Woodside were two of their counterparts from Amazon and two from Apple. Turner and Erickson both worked for Google. The hosts of this dinner party were Tobin Richardson and John Osborne from the Zigbee Alliance. The aim of the evening was simple: fix the smart home. Turner, the senior director of Google Smart Home Ecosystem, and Erickson, then a… Source link

Chris Pronger made nearly $114 million in salary over the course of his 18-year NHL career. (Photo by Dave Sandford/NHLI via Getty Images) Transitioning to the second phase of life when your playing career wraps up is one of the toughest things for professional athletes, and former Hart Trophy winner Chris Pronger wanted to share his expertise with the world. Pronger, an 18-year NHL veteran who made nearly $114M over his career, broke down what the take-home pay would be on a five-year… Source link

Making money in the stock market will likely look different over the next few years compared to the low interest rate era seen from the end of the Great Financial Crisis, says BlackRock’s CIO of U.S. fundamental equities Tony DeSpirito. “It’s a really big deal,” says DeSpirito on Yahoo Finance Live. DeSpirito explains that since the end of the financial crisis, the economy has experienced very low growth, very low inflation and very low rates. But those factors largely ended during the… Source link