Tag Archives: Storm

Despite most gambling tickers hovering near 52-week lows as recession warning sirens blare louder, the sports gambling sector could be an attractive play through the rocky economic environment, according to one analyst. “The churn rates have been pretty low,” Macquarie Analyst Chad Beynon said on Yahoo Finance Live recently (video above). “The engagement, the retention of the tech that we’re seeing out there has been pretty good, and there haven’t been any new companies to come in the… Source link

Top economists and money managers worldwide are warning that rising consumer prices and falling economic growth are combining to form a deadly recipe for the global economy—stagflation. Some 77% of investment fund managers say they see “below-trend growth and above-trend inflation,” a.k.a stagflation, as the most likely outcome for the global economy over the next year, according to a May survey from Bank of America Global Research. That’s the highest percentage seen since August… Source link

The crowd won. One more year it is.  Four-time WNBA champion Sue Bird announced she will return for another season, her 19th playing in the WNBA and 21st since being drafted, in an Instagram post on Friday. Free agency begins a week from Saturday.  The Seattle Storm, the only team Bird has ever played for professionally in the states, celebrated the return with their own graphic, writing “LET’S GOOOOOO” with a goat emoji. Within hours they had deleted it, presumably because free agency has not… Source link

“The Boss” is cashing in — and that could have big implications for the music business. This week, Bruce Springsteen sold both his master recordings and publishing rights to Sony Music in a deal worth north of $500 million, according to multiple outlets. Sony Music and Springsteen did not immediately respond to Yahoo Finance’s request for comment.  Sony has been Springsteen’s home for the past five decades. Thanks to this deal, the studio will now have full ownership of the rocker’s entire… Source link

Even with Apple’s stock (APPL) cooling down a touch this week as the company flirted with a $3 trillion market cap for the first time, pros say several positives remain in the cards that are likely to push shares higher soon. “It is entirely possible that we are seeing the perfect storm for Apple bulls into year-end. The obvious consideration is that institutional investors are plowing into Apple in a FOMO [fear of missing out] driven frenzy. What institutional fund manager would want to… Source link

The news of a new COVID variant Omicron comes at a time where the U.S. is heading into the winter, adding a dose of uncertainty at a time when cases, hospitalizations, and deaths are rising as people increasingly gather indoors. “The winter months already were a time that we were expecting to have some surge, just by the nature of people going indoors, the cold dry air, which makes it more easily transmissible with viruses,” Dr. Elizabeth Clayborne, an emergency physician at UM Capital… Source link

Retail theft is soaring across the U.S., with large chains like Best Buy (BBY) and Walgreens (WBA) beset by increasingly brazen and widespread instances of shoplifting that’s hurting their bottom lines. In recent weeks, reports of “smash and grab” robberies in major cities — featuring crowds of thieves making it off with electronics, clothing and footwear, have flooded social media.  Security experts cite a litany of reasons including fallout from the COVID-19 pandemic, overwhelmed law… Source link

Supply chain bottlenecks are squeezing businesses big and small. One expert explains why it’s so hard to iron out the major kinks affecting global trade. “There really is a perfect storm going on,” Adam Compain, senior vice president at project44, a supply chain technology provider, told Yahoo Finance Live (video above). Compain laid out three major reasons why ports are so backed up and there’s red-hot demand for truckers.  “First and foremost is customer expectations have risen only in one… Source link

Unvaccinated individuals are experiencing a sharp rise in new coronavirus cases as the Delta variant becomes increasingly pervasive across the U.S. According to CDC Director Rochelle Walensky, the Delta variant now accounts for 83% of all COVID cases in the U.S., a 33% increase from two weeks ago. Walensky added that 99.5% of all COVID-related deaths in the country over recent months have been among unvaccinated Americans. “This is a critical time during our pandemic and particularly we… Source link

It’s Storm season. The Seattle Storm picked up right where they left off in the “wubble” with a rout of the Las Vegas Aces, 97-83, who they swept in the 2020 WNBA Finals. Breanna Stewart, who won two titles with her UMMC Ekaterinburg team in the Russian Premier League and EuroLeague in April, only began practicing with the Storm this week. She finished with 28 points and 13 rebounds. Sue Bird passed Lisa Leslie (6,263 points) on the career scoring list and moved into seventh all-time. Late… Source link