Amazon (AMZN) continues to redefine its reach with its latest acquisition of health care provider One Medical (ONEM) for $3.9 billion. The e-commerce giant’s latest expansion into the health care sector follows a pattern of purchasing companies that complement its existing digital services, from its acquisition of Whole Foods in 2017 and to its deal with MGM completed this year. “What One Medical has — which I think Amazon likes and there’s a lot of synergy — is they have a subscription… Source link
Read More »Wharton professor Jeremy Siegel is one of the best stock watchers alive. He says the S&P 500 is already pricing in a recession and bear market
Is a recession already priced into equity markets? The world-renowned economist Jeremy Siegel says it sure looks like stocks have discounted at least a “mild recession” amid this year’s downturn. On Monday, the S&P 500 officially entered bear market territory, dropping more than 3% to a level more than 20% off its January peak. And as recession predictions continue to flood in from both Wall Street and Main Street, some sectors of the market have fared even worse. The tech-heavy Nasdaq is… Source link
Read More »Georgetown Law professor who said Biden was picking a ‘lesser Black woman’ for Supreme Court resigns after 4 months
Ilya Shapiro.Screenshot/C-Span Ilya Shapiro tweeted that Biden would pick a “lesser Black woman” as Supreme Court justice in January. Georgetown Law reinstated his role on June 2 after an investigation and monthslong suspension. But he resigned on Monday, saying Georgetown Law “doesn’t value free speech.” A Georgetown University Law Center professor who tweeted that President Joe Biden would pick a “lesser Black woman” for the Supreme Court resigned on Monday after four months in his job. Ilya… Source link
Read More »‘Florida needs Disney,’ says Harvard professor
Disney (DIS) versus DeSantis. As the media conglomerate continues to grapple with the aftermath of Florida Governor Ron DeSantis revoking the company’s special tax district, business leaders around the globe are contemplating their own company values as political issues take center stage. “I don’t think [Disney CEO Bob Chapek] did his homework,” Bill George, a Harvard Business School professor and former chairman and CEO of medical device company, Medtronic, told Yahoo Finance. “We’re in a… Source link
Read More »What Elon Musk buying Twitter means for Tesla: Columbia Law professor
Tesla (TSLA) shares fell on Tuesday amid investor concerns that CEO Elon Musk would need to sell shares in order to fund a portion of his $44 billion buyout of Twitter (TWTR). Meanwhile, Twitter’s shares have recovered from a late-March trough ahead of the buyout deal. Columbia Law School Professor John Coffee believes that it will be challenging for Musk to juggle managing Tesla and Twitter simultaneously — on top of SpaceX, The Boring Company, and Neuralink. “Moreover, Tesla is going… Source link
Read More »Vladimir Putin will go down as a mass murderer: Harvard professor Kenneth Rogoff
Prominent economist and Harvard professor Kenneth Rogoff offered a biting take on how the world will remember Russian president Vladimir Putin. “Putin is a pariah. I have many Ukrainian friends and Russian friends who are utterly distraught. They look at being cut off from the world for a long time,” the former chief economist at the International Monetary Fund said on Yahoo Finance Live. “He is going to be looked at as a mass murder. People are going to be looking at again genocide charges…. Source link
Read More »A professor said her students think average Americans make six figures. That’s a long way off.
The question asked by Nina Strohminger to her students at the Wharton School at the University of Pennsylvania was straightforward: What did they think the average American makes in annual wages? Some of the answers, however, were not what the professor of legal studies and business ethics could have expected from one of America’s most prestigious business schools, she said. Subscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post. “I asked… Source link
Read More »‘I don’t know whether to call you professor or comrade’
The Biden administration’s pick for a top bank regulator role faced fire on Capitol Hill on Thursday, spending a good chunk of her nomination clarifying her views to a slew of hostile GOP senators — and at least a pair of Democrats — which left her confirmation prospects unclear at best. Saule Omarova, a law professor at Cornell Law School, testified to the Senate Banking Committee on Thursday for the head job at the Office of the Comptroller of the Currency. The OCC, which regulates… Source link
Read More »‘We’re really still too much in the dark,’ Yale professor says
Though vaccination rates are improving and booster shots will soon be available in the U.S., there is still much to be learned about how the coronavirus is evolving. “We have a higher level of uncertainty now than we’ve had since the spring of last year,” Dr. Howard Forman, professor at the Yale School of Public Health, said on Yahoo Finance Live (video above). “Because there are so many moving parts, we don’t know whether the vaccines are causing waning immunity or rather whether… Source link
Read More »Privacy laws need updating after Google deal with HCA Healthcare, medical ethics professor says
Privacy laws in the U.S. need to be updated, especially after Google struck a deal with a major hospital chain, medical ethics expert Arthur Kaplan said Wednesday. “Now we’ve got electronic medical records, huge volumes of data, and this is like asking a navigation system from a World War I airplane to navigate us up to the space shuttle,” Kaplan, a professor at New York University’s Grossman School of Medicine, told “The News with Shepard Smith.” “We’ve got to update our privacy protection… Source link
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