Tag Archives: moment

Microsoft (MSFT) announced on Wednesday that it is cutting 10,000 jobs as the tech giant contends with slowing PC and cloud sales. But according to at least one analyst, the layoffs are a proactive move as Microsoft and its Big Tech counterparts are forced to reckon with the unsustainable growth they saw during the pandemic. “It was a rip-the-Band-Aid-off moment from Nadella and Microsoft, and we’re seeing it across tech,” Wedbush analyst Dan Ives told Yahoo Finance Live. “These… Source link

Homebuyers are having a ‘come to Jesus’ moment as mortgage rates now top 7% — here’s when things are expected to get better The rate on America’s most popular home loan has topped 7% for the first time in 20 years as the housing market faces a potentially lengthy slowdown. Rapidly rising mortgage rates have taken a toll on home buying, and forecasts show continued weakness into 2023. Home sales and new listings have hit record lows since the early days of the pandemic, and more than… Source link

Tuesday night’s Pennsylvania Senate debate was one of the most highly-anticipated matchups of the year and covered topics ranging from abortion to inflation to the health of one of the candidates. But one of the most memorable moments came around an issue with national implications for the energy sector: fracking. Both candidates lined up in support of the controversial practice and, about 27 minutes in, Pennsylvania lieutenant governor John Fetterman was asked to answer for his history of… Source link

Cherelle Griner’s most recent call with her wife, Phoenix Mercury star Brittney Griner, left her distraught. Brittney is still in prison in Russia awaiting an appeal hearing after she was first arrested in February. After Cherelle spoke with her recently, she told CBS News’ Gayle King that she cried for “two, three days straight.” “It was the most disturbing phone call I’d ever experienced,” Cherelle told CBS on Thursday. “It’s just the most still, I think, moment I’ve just… Source link

With sparkles in her hair and glimmering flashes of what was — quite perfectly — as much cocktail dress as tennis outfit, Serena Williams was serving for the set but down at deuce. The US Open crowd was amped but nervous. Serena was a 23-time major champion. Her opponent, Danka Kovinic, was a 27-year-old who had never been past the third round in a major. Back in the day, this would have taken about 53 minutes. Serena is 40 now, though, mother to a 4-year-old daughter. She’s been… Source link

The Chicago White Sox announced Monday they had canceled their planned postgame 4th of July fireworks in light of the mass shooting in the Chicago suburb of Highland Park. The team still played its game against the Minnesota Twins as scheduled at 7:10 p.m. CT, but held a moment of silence before first pitch. A lone gunman reportedly opened fire on Highland Park’s Independence Day parade on Monday morning, leaving six killed and 31 wounded as of the afternoon. The shooting immediately triggered… Source link

Germany is one step closer to having to ration its gas usage as supply from Russia starts to dry up, and the country’s top economic affairs official is warning that it could lead to an even larger economic spillover effect. As of Thursday, Germany has entered the second alert level of its emergency gas plan, according to Robert Habeck, Germany’s minister for economic affairs and climate action. At this level, “security of supply is currently ensured, but the situation is tense,”… Source link

You don’t hear much applause at golf tournaments anymore. “The art of clapping is gone,” Tiger Woods said a couple years back. “Everyone’s holding a cell phone.” Oh sure, you’ll still hear plenty of “woo” and “mashed potato” and “Tiger Tiger Woods y’all” and, of course, “get in the hole.” (“Baba Booey” has faded as Howard Stern’s cultural footprint has diminished. “Brooksy” mostly vanished when Koepka and DeChambeau squashed their beef. And “dilly dilly” died the lonely, unmourned… Source link

Brian Chesky co-founded Airbnb (ABNB) in the midst of the Global Financial Crisis, and he remembers Y Combinator Co-Founder Paul Graham warning him that “there might be no investors” when Airbnb presented at the Spring 2009 Demo Day. These days, with the tech-heavy Nasdaq Composite index in the midst of its worst sell-off since 2008, Chesky told Yahoo Finance Live (video above) that “this might be the end of a moment. But there’s always the next moment. If you’re building something… Source link

You made it to Friday, readers. Today we’re discussing the potential Yahoo-ification of Facebook and giving you an inside glimpse at BMW’s new electric sedan. Let’s dive in. If this was forwarded to you, sign up here. Download Insider’s app – click here for iOS and here for Android. Facebook Meta and Yahoo logos on rocks falling down a cliff 4×3 Howard Kingsnorth/Getty Images; Yahoo; Meta; Rachel Mendelson/Insider 1. Could Facebook be the next Yahoo? Facebook’s recent shift to the metaverse is… Source link