Retired NBA star and Hall of Famer Grant Hill joins Yahoo Finance Live to discuss the future NIL in the NCAA and how he took values from the locker room to the boardroom.
Yahoo Finance markets reporter Ines Ferre checks out the losses seen in today's inflationary-fueled market sell-off, in addition to the bond market, sectors closing in the red across the board, and Nasdaq losses.
(Reuters) -Electric vehicle maker Tesla Inc on Friday proposed a three-to-one stock split, making its shares more affordable following recent sell-offs of the most valuable automaker. The company also said Oracle Corp co-founder Larry Ellison, a friend of Tesla Chief Executive Officer Elon Musk, will not stand for re-election to Tesla's board when his term ends at this year's shareholder meeting. Ellison is among the top investors who have promised funding toward Musk's $44 billion acquisition of social media firm Twitter Inc.
(Bloomberg) -- Revlon Inc. plunged 53%, the biggest one-day drop on record, after distressed debt news outlet Reorg reported that the cosmetics empire is preparing to file for bankruptcy.Most Read from BloombergUS Lifts Covid-19 Test Requirement for International TravelUS Inflation Quickens to 40-Year High, Pressuring Fed and BidenEating Two Portions of Fish Per Week Linked to Deadly Skin CancerFive Key Moments From the Jan. 6 Capitol Riot HearingYields Spike to 2008 High, Stocks Sink on Fed Bet
CALGARY — A group representing Canadian ranchers says their industry has been unfairly singled out by proposed new regulations that would require packaged ground beef to be sold with a health warning label. The Canadian Cattlemen's Association is crying foul over a proposal by Health Canada to introduce mandatory front-of-package nutrition labelling for pre-packaged foods high in sodium, sugar and saturated fat. The goal, according to the Health Canada website, is to provide consumers with quick
Insider spoke with five truckers who warned the industry could be at a breaking point as record gas prices make it difficult to turn a profit.
NEW YORK (AP) — The Washington Post has fired Felicia Sonmez, who triggered a vigorous online debate this week over social media policy and public treatment of colleagues after she criticized a fellow reporter for retweeting an offensive joke. The Post said Friday it would not comment on personnel issues. But a copy of a termination letter sent Thursday, accusing her of “insubordination, maligning your coworkers online and violating the Post's standards on workplace collegiality and inclusivity”
The FTSE 100 closed in the red for the third consecutive session.
MADRID (AP) — Algeria on Friday appeared to have backed down in its dispute with Spain after its mission at the European Union issued a statement saying the northwest African country had never suspended the friendship treaty it holds with Spain. In an odd development, Algeria said, “As regards the alleged measure by the Government to stop current transactions with a European partner, it exists in fact only in the minds of those who claim it and those who hastened to stigmatize it.” There was no
COLOMBO, Sri Lanka (AP) — Basil Rajapaksa, the younger brother of Sri Lanka's president and the country's former finance minister, said he resigned from Parliament on Thursday amid mounting criticism of his role in the island nation's economic crisis, as the United Nations launched an appeal for $47.2 million in emergency aid. Prime Minister Ranil Wickremesinghe has said Sri Lanka needs about $6 billion to pay for vital imports and stay afloat for the next six months. Rajapaksa said he submitted
Here are three Canadian names that offer handsome growth prospects. The post Sitting on Cash? 3 Top TSX Stocks for Beginners appeared first on The Motley Fool Canada.
Worried about a potential recession? Here are a few ways to prepare your finances and investment portfolio to survive and thrive through it. The post Canadian Investors: How to Prepare for the Next Recession appeared first on The Motley Fool Canada.
ROME (AP) — Food import bills will reach a record high this year and food markets are likely to tighten around the world, according to a glum new forecast by a U.N. food agency. The Food Outlook, issued twice a year by the Food and Agriculture Organization, also found that “many vulnerable countries are paying more but receiving less food” in imports. The report issued Thursday by the Rome-based agency noted that developing countries are reducing imports of cereals, oilseeds and meats, reflectin
High household debt and elevated housing prices have become bigger vulnerabilities in the past year, but the economy can still handle the rising interest rates needed to tame inflation, Bank of Canada governor Tiff Macklem said Thursday. "We think the economy needs higher interest rates, and it can certainly handle higher interest rates," he told a news conference in Ottawa discussing the central bank's latest financial system review. The review notes high debts and home prices have increased th
The Canadian dollar fell to a two-week low against its broadly stronger U.S. counterpart on Friday as investors weighed economic data that could support additional aggressive interest rate hikes by the Bank of Canada and the Federal Reserve. "The CAD is ending the week on the defensive," strategists at Scotiabank, including Shaun Osborne, said in a note. The U.S. dollar jumped against a basket of major currencies, equity markets globally tumbled and the price of oil, one of Canada's major exports, settled 0.7% lower as U.S. consumer prices accelerated in May, cementing bets for a second consecutive half-percentage-point interest rate hike by the Fed at a policy decision next Wednesday.
Despite the recent rally, Canadian Natural Resources still looks like an attractive buy. Here is why. The post This Canadian Stock Could Be an Excellent Buy Amid Rising Oil Prices appeared first on The Motley Fool Canada.
WASHINGTON (AP) — President Joe Biden's administration has scrapped former President Donald Trump's red, white and blue design for the new generation of presidential aircraft after an Air Force review suggested it would raise costs and delay the delivery of the new jets. Boeing is currently modifying two Boeing 747-800 aircraft that will bear the Air Force One callsign when the president is onboard to replace the existing fleet of two aging Boeing 747-200 aircraft. Trump, in 2018, directed that
Earlier this week, the bank said https://www.reuters.com/business/wells-fargo-pauses-diverse-slate-hiring-policy-after-reports-fake-job-interviews-2022-06-06 in a memo it was pausing a hiring policy that requires recruiters to interview a diverse pool of candidates, after another report by the New York Times said such interviews were often fake and conducted even though the job had already been promised to someone else. The bank reiterated that it is conducting a review so that hiring managers, senior leaders and recruiters fully understand how the guidelines should be implemented. Wells Fargo declined to comment on the criminal investigation mentioned in the report.
After more than two years, Canadian travel demand has finally returned – and with that has come long lines and delays at some of the busiest airports in the country. Many travellers, particularly those at Toronto's Pearson International Airport, are facing long lines at security and customs, and some international passengers are waiting for hours on the tarmac due to delays. Transport Minister Omar Alghabra said the government is working on reducing wait times at Canadian airports, hiring hundreds of new agents for the Canadian Air Transport Security Authority (CATSA) and creating a task force to address the bottlenecks. On this episode of Editor’s Edition, Yahoo Finance Canada’s Alicja Siekierska and the Public Policy Forum’s Sean Speer discuss what impact the situation at Canadian airport could have on travel and tourism in the country. "At this stage, there is a threat of a kind of brand erosion for Canada as a travel destination and for Canadian airlines as a means of travelling internationally," Speer said. If you have any policy-related questions, or feedback about the show, please email alicja@yahoofinance.com.
WARSAW, Poland (AP) — Poland’s prime minister vowed Thursday to support higher production at the nation’s coal mines in order to bring down heating and energy prices that have soared amid the war in neighbouring Ukraine and the European Union's efforts to reduce its dependency on Russian energy sources. However, the pledge that Prime Minister Mateusz Morawiecki made in parliament goes against Poland’s climate change obligations and the gradual steps it is taking to reduce the production and use
Canada's main stock index fell on Friday, as stronger-than-expected U.S. consumer price data stoked fears that the Federal Reserve would continue with its aggressive policy tightening to tame soaring inflation. At 9:44 a.m. ET (13:44 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 183.47 points, or 0.89%, at 20,380.42 and set for a weekly drop, ending its three-week winning streak. The Labor Department's report showed U.S. consumer price index (CPI) accelerated to 1% in May from 0.3% in April, while on an annual basis it increased at a blistering 8.6% as gasoline prices hit a record high and the cost of services rose further.