Executives, experts, and influencers join the Yahoo Finance team to discuss what's moving the world of finance.
Executives, experts, and influencers join the Yahoo Finance team to discuss what's moving the world of finance.
(Bloomberg) -- This year’s 40% rally in Bitcoin is heading toward a potentially big test in the shape of the upcoming Federal Reserve policy decision.Most Read from BloombergSony Slashes PlayStation VR2 Headset Output After Pre-Orders DisappointPutin’s War in Ukraine Pushes Ex-Soviet States Toward New AlliesBrexit Is Costing the UK £100 Billion a Year in Lost OutputMicrosoft Studio Behind Halo Faces a Reboot on Years of TurmoilTrump Sues Journalist Bob Woodward for Releasing Interview Recordings
(Bloomberg) -- The Biden administration will supply Ukraine with longer-range artillery and ammunition as part of a new $2 billion package of military assistance, a person familiar with the matter said Tuesday night.Most Read from BloombergSony Slashes PlayStation VR2 Headset Output After Pre-Orders DisappointPutin’s War in Ukraine Pushes Ex-Soviet States Toward New AlliesBrexit Is Costing the UK £100 Billion a Year in Lost OutputMicrosoft Studio Behind Halo Faces a Reboot on Years of TurmoilTru
STORY: In the two years since Myanmar’s coup… Aye Chan has gone from factory worker… to protester… to resistance fighter.He lost a leg in that fight and is still learning how to use a prosthetic one.He remembers well the feelings of elation… and the confusion that followed… …on the day Myanmar’s military led a coup unseating Aung San Suu Kyi’s elected government.“I was happy when we won. But it didn’t last long. On the morning of the coup, I woke up and used my phone and there was no internet. At first, I thought it was because I didn’t pay my phone bill. So I topped up (credit), but it was still not working so I went to the tea shop. Others told me that there was a coup. My first question was, what is a coup and why is there a coup? Later, I joined the protest against the coup.”Reuters is not disclosing Aye Chan’s current whereabouts for security reasons.When protest groups began taking up arms, he joined.He said resistance troops have high morale… but can’t fend off air strikes from a well-equipped army.In the wake of the coup… some 1.2 million people have been displaced and over 70,000 have left the country.That’s according to the United Nations, which has accused the military of war crimes and crimes against humanity.Myanmar's military says it is carrying out a legitimate campaign against "terrorists." It did not respond to requests for comment by Reuters.The military has pledged to hold an election by August… albeit with tough rules that could sideline opponents.Aye Chan is skeptical."I don’t think it is possible to do an election,” he says.“....We already selected our elected government, right? So it is not necessary for doing the new election. ” The coup also upended Han Lay’s life.She took part in protests and used her platform at an international beauty contest in Thailand to speak out.That led to charges and she fled to Canada, where she now lives with a Burmese-Canadian family."I'm living in a new country and facing culture difference and I have to start from the beginning... (FLASH) I always welcome to challenges and ready, ready to face new challenges because it's always make me even stronger."She says even from abroad, she's doing all she can to raise awareness...While Aye Chan says he'll continue his fight."I never had a regret while I was fighting and when I got injured. I chose this route because I believe this route is the right one. If I recover enough, I will go back to war. This is until the end."An estimated 19,000 people died in 2022 alone, according to a U.S. based conflict monitoring group.
STORY: U.S. stocks closed higher on Tuesday as slowing wage growth data offered hope that the Federal Reserve would ease its aggressive approach to taming inflation a day ahead of the central bank's critical policy decision.The Dow closed up a percent, the S&P gained one-and-a-half percent and the Nasdaq climbed 1.7%.U.S labor costs increased at their slowest pace in a year in the fourth quarter as wage growth slowed, Labor Department data showed. While that may lead the Fed to ease up on its fastest rate-hike cycle in decades, Chris Konstantinos, Director of Investments and Chief Investment Strategist at RiverFront Investment Group, says that when you parse the numbers, things are not as simple as they seem.“We’re actually seeing an interesting bifurcation in the wages market right now, whereby the upper end of the earning picture, if you will, maybe the highest 20 or 40 percent of earners in America – we’re starting to see signs that wages are slowing down there. And in fact we've also seen layoffs pick up pretty precipitously in those types of areas. Think about tech, think about some consumer-focused companies that have announced big layoffs recently. However, at the lower end of wages, [FLASH] we expect wage gains to continue to be very strong at the low end. And I think this presents the Fed with a bit of a conundrum because when they look at aggregate wage data it's very, very strong, but it's increasingly at the lower end versus the higher end. And so that affects different parts of the economy and different industries disproportionately.”Investors on Tuesday also digested a full plate of earnings reports. Exxon Mobil shares rose 2.2% after the oil major posted a $56 billion net profit for 2022, setting not only a company record but a historic high for the Western oil industry.UPS shares climbed 4.7% after its quarterly profit topped estimates, while General Motors jumped 8.3% after it forecast stronger-than-expected earnings for the year.And McDonald’s shares dropped 1.3% after the burger chain warned inflation will weigh on margins in 2023.
STORY: Attorney General Letitia James has said her investigation has uncovered significant evidence that the Trump Organization gave banks and tax authorities misleading financial information to obtain benefits."For all of the reasons provided in my answer, which is incorporated herein in its entirety, I decline to answer the question," said Trump in response to the AG's office's questions.James' office on Tuesday said they released the video of the deposition after a FOI (Freedom of Information) request from CBS News.
The Titans are team turf in the NFL's ongoing turf vs. grass debate.
It's always pleasant for investors when one of their companies scores a double beat on quarterly results, topping analyst expectations for both revenue and profitability. Such was the dynamic behind the sell-off in Harmonic (NASDAQ: HLIT) on Tuesday. The video-streaming technology company's share price dived by more than 7% after it unveiled its latest set of quarterly figures.
OLD GREENWICH, Conn., January 31, 2023--Ellington Residential Mortgage REIT Announces the Income Tax Treatment of its 2022 Distributions
New Research Facility Will Advance the Use of Antimicrobial Copper in Health CareBURNABY, British Columbia, Jan. 31, 2023 (GLOBE NEWSWIRE) -- British Columbia Institute of Technology (BCIT) and Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced the opening of the new Teck Copper Innovation Hub. Made possible by a $1.75 million donation from Teck, the facility will enable BCIT researchers and students to research and test the use of antimicrobial copper in a rang
OLD GREENWICH, Conn., January 31, 2023--Ellington Financial Inc. Announces the Income Tax Treatment of its 2022 Distributions
Ireland Baldwin is naming her baby Holland. The 27-year-old model - who is the daughter of Holywood stars Alec Baldwin and his ex-wife Kim Basinger - is currently expecting her first child with boyfriend RAC and has decided to give her baby a geographical location name like her own but is also a big fan of 'Two and Half Men' actress Holland Taylor. She said: "We’re naming her Holland. I’m Ireland, so another country name because we wanted to keep that consistent. And then I love the actress Holl
EVERETT, Wash., January 31, 2023--IAMAW District 751 and SPEEA, IFPTE Local 2001, partnered again this past year to bring aerospace analysts and experts together to look at the vitality and competitiveness of the aerospace industry in Washington state and across the Nation.
The population of western monarch butterflies wintering along the California coast has rebounded for a second year in a row after a precipitous drop in 2020, but the population of orange-and-black insects is still well below what it used to be, researchers announced Tuesday. Volunteers who visited sites in California and Arizona around Thanksgiving tallied more than 330,000 butterflies, the highest number of these insects counted in the last six years. It was a promising rebound after the annual winter count in 2020 recorded fewer than 2,000 butterflies.
Participants on today's call will include Mark Lashier, president and CEO; Kevin Mitchell, CFO; and Brian Mandell, marketing and commercial; Tim Roberts, midstream and chemicals; and Rich Harbison, refining. Today's presentation material can be found on the investor relations section of the Phillips 66 website, along with supplemental financial and operating information.
There's a reason some people make a point to never open a brokerage account or buy stocks. Investing in stocks can be a risky prospect. In fact, near-retirees and retirees are often advised to go light on stocks once their careers are wrapping or wrapped up.
Acumen Research and Consulting recently published report titled “Algorithmic Trading Market and Region Forecast, 2022 - 2030”TOKYO, Jan. 31, 2023 (GLOBE NEWSWIRE) -- The Global Algorithmic Trading Market Size gathered USD 14.1 Billion in 2021 and is set to garner a market size of USD 41.9 Billion by 2030 growing at a CAGR of 12.9% from 2022 to 2030. Algorithmic Trading Market Overview The algorithmic trading market has witnessed significant growth in recent years, owing to the increasing demand
MONTREAL, Jan. 31, 2023 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that the Company’s 2022 Annual Financial Statements, Notes thereto and Management’s Discussion and Analysis, and its 2022 Annual Information Form and Form 40-F, have been filed with Canadian and U.S. securities regulators and are now available in the Investor section of its website, www.cn.ca/investors. Printed copies of CN’s 2022 Annual Financial Statements, Notes thereto and Management’s Discussion and Analys
RESTON, Va., January 31, 2023--Neustar announces identity resolution solution in AWS Clean Rooms
MINNEAPOLIS, January 31, 2023--This week, Deluxe (NYSE:DLX), a Trusted Payments and Data company™, announced that it has sold the remainder of its web hosting and logo design businesses to HostPapa, a leading global web hosting and cloud service provider for small and medium businesses. The transaction is expected to close in the first quarter subject to the satisfaction of customary closing conditions.
MILWAUKEE, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Northwestern Mutual: For parents whose kids have moved out of the house for good, life can feel very different. They're embarking on a new phase of life, with different considerations and possibilities. Here are seven things for empty nesters to keep in mind as they navigate this new stage of life. 1. Their budget may change. Parents often find that their spending habits change after their children move out. With fewer people in the house, they may fi