finance

At least 5 senior executives fled Twitter as its stock fell another 18% a week, rendering Musk bid even more expensive

Twitter dumps both stocks and executives as Elon Musk takeover drama continues to rock the company.
Musk may be seriously contemplating stepping down from his $44 billion Twitter acquisition deal, but some of the company's bosses are done with the drama.
Three company executives, including two vi...

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Philadelphia's top-rated morning drive hosts sign lengthy contract extension with 93.3 WMMR

Since arriving at the rock station in May 2005, the duo's mix of comedy and music has topped local ratings.

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A SpaceX flight attendant said Elon Musk exposed himself and propositioned her for sex, documents show. The company paid $250,000 for her silence.

Elon Musk has been accused of sexual misconduct by a SpaceX flight attendant. Andrew Kelly/Reuters
A SpaceX flight attendant said Elon Musk asked her to "do more" during a massage, documents show.
The billionaire founder showed her his penis and offered to buy her a horse, a statement said.
After...

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Oil company merger to create $7B company but take headquarters out of Denver

A Denver oil company joins forces with a Texas counterpart in a merger, creating a $7 billion company headquartered in Lone Star state and focused on oil and gas exploration. Downtown Denver-based Centennial Resource Development Inc. (NYSE: CDEV) has agreed to a merger of equals with Midland, Tex...

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Twitter executives say deal with Elon Musk is not ‘on hold’

Yahoo Finance's Dan Howley reviews how Twitter executives finalize the acquisition deal with Tesla CEO Elon Musk, adding to Musk's concerns about the platform's bot accounts.

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Retirees Are Poised to See the Biggest Social Security Change in 41 Years

In 2023, Social Security retirees will likely experience something no senior has experienced in 41 years. The cost-of-living adjustment (COLA) they are expected to receive would result in the largest benefit increase in more than four decades. In 2023, retirees are likely to see a huge increase i...

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Pentagon Unveils Shocking New UFO Footage in Congressional Hearing

Copyright: Kevin Dietsch - Getty Images
Congress has held its first hearing on unidentified flying objects (UFOs) in more than 50 years.
The hearings looked at military sightings of UFOs at exercise areas and whether they posed a threat to pilots or national security.
Pentagon officials have not ...

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Why Russia’s Economy Hasn’t Collapsed Under The Weight Of Sanctions

It has been almost three months since Russia invaded Ukraine, and despite Ukraine's notable resistance and the implementation of an aggressive package of sanctions against Russia, there seems to be no end to the war in sight. So far, much of the analysis has focused on Russia's military failures,...

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Column: A lengthy list of Trump's disastrous business deals — compiled by his newest business partners

Donald Trump, business genius? (Associated Press)
Donald Trump's business history has been so full of disastrous ventures that it has been difficult to keep track of them all.
No longer. Digital World Acquisition Corp., the special-purpose acquisition company, or SPAC, that makes Trump's "Truth S...

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Berkshire Hathaway takes $30 billion hit on Apple, Canada Goose posts strong earnings

Warren Buffett's Berkshire Hathaway takes a $30 billion hit on Apple after The Big Short's Michael Burry bet against the stock; Canada Goose shares rose on forecast of upbeat full-year sales; Take-Two and Zynga approved merger proposals.

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The Dow Tumbled to Its Worst Day Since 2020. How One Stock Made It Happen.

The Dow Jones Industrial Average slipped 1,164 points while the Nasdaq lost 4.7%. They remain above their lows for the year.

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One Washington gas station reprogrammed pumps for $10 per gallon, but it’s not for the reason you think

Gas prices remain near all-time highs, but in Washington state at least one gas station is reprogramming its pumps to handle prices of $10 a gallon and up.
A 76 gas station in Auburn, Wash. has adjusted its pumps to accommodate double-digit per-gallon prices. However, despite some alarming report...

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How can I stop the pain and make money in this nightmarish market? BofA says this is the ‘best hope’ for bulls in 2022

How can I stop the pain and make money in this nightmare market? According to BofA, this is the "best hope" for bulls in 2022
The market is in full panic mode.
The S&P 500 is down 18% year to date. The Nasdaq is down a staggering 27%. And even the Dow Jones - made up of the 30 most prominent publ...

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Musk weighs in on Apple delaying its return-to-office plan with bizarre ‘lazy dog’ meme

Elon Musk appeared to poke fun at Apple on Wednesday after it was revealed the tech giant was delaying its plan to return to the office.
In response to a Bloomberg report outlining Apple's postponement of plans to bring workers back to the office three days a week, Musk posted a meme that appeare...

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The billionaires are bleeding. Elon Musk, Jeff Bezos and other top earners have lost nearly $200 billion in 2022

The recent market crisis has drained more than $40 billion from the wealth of top earners, including Tesla's Elon Musk and Amazon's Jeff Bezos.

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Why all of this bearishness could actually be great news

The best investor news I've heard in a long time is that the M.B.A. geniuses who run the world's pension funds now hate the stock market with a vengeance. According to BofA Securities' latest comprehensive survey, global investment managers are now at historic generational levels of bearishness a...

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I’m 33 and earn $120K. I have $300K in company stock and $56K in debt. I’m partially supporting my partner, sadly due to his failing business. What should be my next move?

"I realize I'll have to pay some pretty hefty taxes on the gains from the stock, so I need to factor that into the sale as well."

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Warren Buffett is holding these stocks for the massive free cash flow — with inflation near 40-year highs, you should too

Warren Buffett owns these stocks for their massive free cash flow -- and with inflation near 40-year highs, so should you
Wall Street pays a lot of attention to corporate earnings.
But reported profits are often manipulated through aggressive or even fraudulent accounting methods.
Because of this...

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Dow surges 431 points as investors digest fresh Powell comments on inflation and rates

Federal Reserve Chairman Jerome Powell appears during a Senate Banking Committee hearing on Capitol Hill in Washington on Tuesday, November 30, 2021. Andrew Harnik/AP Photo
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US stocks surged Tuesday with the Dow gaining more than 400 points.
Federal Reserve Chair Jerome Powell said he would s...

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Worried about your investments? Here’s how the smart money made 100% when market gloom was this bad.

The best investor news I've heard in a long time is that the M.B.A. geniuses who run the world's pension funds now hate the stock market with a vengeance. According to BofA Securities' latest comprehensive survey, global investment managers are now at historic generational levels of bearishness a...

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'Housing market is looking increasingly vulnerable with a price correction possible': ING

"The housing market looks increasingly vulnerable given possible price corrections," says one economist.
ING's chief international economist, James Knightley, points out that the rapid rise in house prices is making it harder for potential buyers to save for a down payment, while inflation squeez...

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Stock market a ‘bloodbath’ in the short term but bullish long-term: Strategist

Sylvia Jablonski, CEO and CIO of Defiance ETFs, joins Yahoo Finance Live to discuss stock market health, volatility, retail spending, supply chain issues, inflation and the prospects for a recession.

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Here's What a Recession Could Do to the Housing Market

The US economy has seen its fair share of prolonged economic downturns. Meanwhile, the housing market is currently sizzling. Property prices are still near record highs and buyer demand is rising sharply.

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US charges one American, four Chinese officials with spying on dissidents, human rights leaders, pro-democracy activists

US prosecutors have charged four officials from China's Ministry of State Security with spying on US-based human rights activists, the US Justice Department said on Wednesday.
An indictment released Tuesday said the intelligence officers ran the campaign in conjunction with a US citizen, directin...

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Will the stock market drop 20% or 48% from the peak? Here’s the key factor, says this strategist.

Volatility for stocks is increasing, but how likely is it that we will actually see a 40%+ drop as some think? It all depends on that, says Evercore.

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Ukraine claims guerrillas have killed several high-ranking Russians in southern city

Ukrainian guerrilla fighters have reportedly killed several senior Russian officers in the southern city of Melitopol, the regional administration said on Telegram.

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Markets haven’t acted like this since 1981 — and here’s how that played out

The simultaneous decline of multiple asset classes is unusual. Here's what bottomed out first, 40 years ago.

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Warren Buffett Just Bought Lots of Stocks -- Here's the One I'm Most Excited About

Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) recently filed its latest 13-F with the SEC, giving investors a glimpse of the stocks the Warren Buffett-led conglomerate bought during the first quarter. It turns out that Buffett and his team opened eight new stock positions. What does Markel do?

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China warns Japan against joining forces with US

Beijing has criticized Japan's recent comments on Taiwan and warned against aligning itself with the United States to confront China.
Foreign Minister Wang Yi made the statement in a phone call with his Japanese counterpart Yoshimasa Hayashi on Wednesday -- two days before US President Joe Biden ...

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Jeremy Grantham says the S&P 500 will fall at least 40% from its peak as the stock market bubble looks a lot like 2000 all over again

Jeremy Grantham is a famous investor and stock market historian. Matthew Lloyd/Getty Images
Jeremy Grantham maintains that the stock market is in a 2000-like bubble.
Grantham said in a CNBC interview that he expects the S&P 500 to fall at least 40% from its peak.
"We should go into some kind of r...

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