Tag Archives: Money

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

(Bloomberg) — Milwaukee Bucks superstar Giannis Antetokounmpo had more banks than letters in his name before Avenue Capital Group founder Marc Lasry stepped in. Most Read from Bloomberg The National Basketball Association’s two-time most-valuable player had accounts open at 50 different banks, with each of them holding up to the Federal Deposit Insurance Corp. coverage limit. That shocked Lasry, who co-owns the Milwaukee team. “I spend a lot of time with them explaining where they should… Source link

If you are willing to be flexible, a decent deal on an airline ticket could be had for this spring and summer. “I know everyone is on the deal hunt. So I would suggest looking at your Tuesdays and Saturdays. If you can be flexible, there are opportunities to travel for cheap,” said MKM Partners airline analyst Conor Cunningham on Yahoo Finance Live. Higher prices for airfare are currently the norm, however. Domestic airlines are seen increasing fares by 7% on average each month until June,… Source link

Former Google CEO Eric Schmidt’s foundation poured money into the White House Office of Science and Technology Policy over the past year, according to a report from Politico. The foundation’s close ties with the office raised ethics concerns with internal watchdogs. Schmidt held a number of roles at Google and parent company Alphabet, including CEO, executive chairman, and technical advisor. He stepped down from that last role in 2020. Now, he sits on the boards and invests in tech… Source link

Staring at his computer screen, Blaine couldn’t help but start sweating. The $50,000 in cryptocurrency he once had in his account was now worthless. Months from getting his law school degree, Blaine, 25, had invested all the money that he had made from trading NFTs over the past year in the hopes of putting it toward starting a life with his fiancé. He had put $50,000 of a stablecoin, USD Coin (USDC), into a liquidity pool of assets for stablecoins USDC and Cashio nine days prior, but when… Source link

As commodities prices spike and stocks swoon as a result of Russia waging war against Ukraine, the monetary system could be changed in profound ways, some analysts say. At some point in the future, digital tokens may revert to the inflation hedge and safe-haven from fiat turmoil, as envisioned when they were first created. Traditional safe havens like gold, U.S. Treasuries and the U.S. dollar have surged in the current environment of risk-aversion. In a recent analysis, Zoltan Pozsar, global… Source link

Getty; Marianne Ayala/Insider Barry McCarthy became Peloton’s CEO this month, replacing John Foley amid months of company turmoil. In a New York Times interview on Saturday, McCarthy explained what went wrong at Peloton. “They spent money on things that they shouldn’t have,” he said. “They got caught up in the vision thing at the expense of getting real.” Barry McCarthy has a lot on his plate as Peloton’s new CEO. Peloton, a pandemic-era darling with a cult following, once boasted a valuation of… Source link

Being an Olympic athlete can lead to a lucrative career — if you’re able to leverage glory into sponsorships. “While the income of these athletes is paltry in comparison to even the league minimum of football, baseball, whatever, the percentage of their income that is incident to marketing and dependent upon public relations is dramatically higher,” Octagon’s Olympics and Action Sports Managing Director Peter Carlise told Yahoo Finance. “The only source of income for most Olympic… Source link

You can’t legislate wanting to win. And you can’t mandate recklessness. That’s the problem with the negotiations that may eventually end the MLB lockout. Well, one of them anyway. The first problem is the owners’ ideological resistance to yielding economic influence to the players. Then there’s the vast disparity in the money numbers. That’s a big one. But even if they could overcome those and reach a mutually tolerable compromise, I’m not confident that a new CBA would have the… Source link

Facebook shares are likely to stay in the penalty box for some time in the wake of a lackluster fourth quarter and even worse 2022 outlook as Apple privacy changes and a surging TikTok take their collective toll on profits. “Shares are probably dead money at this level of growth for at least the next three months,” said top tech analyst Mark Mahaney of EvercoreISI on Yahoo Finance Live. Meta shares were rocked to the tune of 25% on Thursday’s session, and rightfully so most analysts… Source link