finance

Supply chain pressures have 'eased significantly' and inflation could be next: Morning Brief

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Friday, July 1, 2022
Today's newsletter is from Sam Ro, the author of TKer.co. Follow him on Twitter at @SamRo.
On Thursday, we learned that th...

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Behind the scenes of Waymo’s worst automated truck crash

The worst-ever accident involving a self-driving truck would have resulted in only moderate injuries, but it showed how unprepared local government and law enforcement agencies are with the new technology.
On May 5, a Waymo Via Class 8 truck, operating in autonomous mode with a security guard at ...

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On Bobby Bonilla Day, here are other retired baseball players who receive huge deferred payments annually

"Bobby Bonilla Day" was trending on Twitter on Friday, like every year on July 1st. Bonilla's agent Dennis Gilbert orchestrated a contract payout for the third baseman that will pay him $1.2 million each year from 2011 through 2035. Bonilla originally owed the Mets $5.9 million in 2000, but the n...

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Delta offers passengers $10,000 for seats on an overbooked flight

Yahoo Finance Live is investigating how Delta Airlines offered $10,000 for their seats on an overbooked flight to Michigan ahead of the July 4 holiday weekend.

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PGA player Fred Couples slams LIV Golf, says tour has 'no chance'

Yahoo Finance's Josh Schafer summarizes pro golfer Fred Couples' recent comments on the LIV golf tour.

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Mark Zuckerberg warns staff Facebook will be ‘turning up the heat’ to weed out underperformers: ‘You might decide this place isn’t for you, and that’s OK with me’

Facebook parent Meta is restricting hiring and turning up the heat as slow growth and macro headwinds force the company to lower its economic outlook.
In a weekly Q&A for employees on Thursday, the social media giant's CEO Mark Zuckerberg told employees that Meta is cutting its plans to hire engi...

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Watch: Brittney Griner Arrives at Russian Court

US women's basketball star Brittney Griner appeared in a Moscow-area court on Friday in a drug case that could carry up to 10 years in prison for a conviction. Griner's legal team said she has yet to file a plea. Photo: Alexander Zemlianichenko/AP

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We’re heading for a messy, and expensive, breakup with natural gas

Russia's invasion of Ukraine has exacerbated a number of fault lines that already exist in the global energy supply chain. This is particularly true in Europe, where many countries have depended on the superstate's natural resources and are now hastily trying to cut ties before supplies are cut o...

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How Snake Island Became So Strategic in the Ukraine War

Months after the capture of Snake Island, Russian forces abandoned the strategic Black Sea area after repeated Ukrainian attacks. Satellite images show how the tiny island became a key battleground in the conflict. Photocomposite: Eve Hartley

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3 problems that will ‘consume us’ in the future, according to Columbia Biz School's dean

From the ongoing COVID-19 pandemic to soaring inflation, America has faced no shortage of hurdles in recent months.
And more challenges await, according to Costis Maglaras, dean of Columbia Business School.
In an interview with Yahoo Finance Editor-in-Chief Andy Serwer, Maglaras highlighted three...

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‘I worry my sister and I will not see anything’: My grandfather married a second time before dying. Do I have any right to an inheritance?

My paternal grandmother died when I was 5 years old. If your grandfather died intestate, his estate will be divided between his wife and children. For example, in California, if a parent dies without a will, one spouse would inherit 100% of the marital property and one-third of the separated prop...

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When will Ketanji Brown Jackson join the Supreme Court? What’s her salary? Answers to the key questions about the high court’s newest member.

The Senate voted 53 to 47 to confirm Justice Ketanji Brown Jackson's nomination to the US Supreme Court in early April. When does Ketanji Brown Jackson start? Jackson is set to replace Supreme Court Justice Stephen Breyer.

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‘She knows it wasn’t stolen’: Liz Cheney challenges Republican primary rival over false Trump election claims

Harriet Hageman insists there were "serious concerns" about the 2020 election but pauses to reiterate Trump's claim about stolen elections.

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Xi Jinping Lays Out Vision for Hong Kong During Handover Anniversary Trip

Chinese leader Xi Jinping celebrated the 25th anniversary of Hong Kong's handover to Britain. Selina Cheng of the WSJ walked around the city during Friday's events to see how his visit symbolizes Beijing's increasing authority over Hong Kong. Photo: Selim Chtayti/Pool via Reuters

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Putin Steps Up Natural Gas Restrictions for Europe. Where Prices Could Go From Here.

Russian natural gas supplies to the European Union have fallen by more than 40% from a year earlier, an analyst estimates. European gas prices have risen by 70% in the last three weeks.

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Why the 'Rich Dad, Poor Dad' Author Says It's 'Time for Smart Investors to Become Very Rich Winners'

Robert Kiyosaki, author of the bestselling book Rich Dad Poor Dad, has warned that the US economy is about to collapse. Bear markets make stupid investors losers and smart investors winners.

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Russia seizes control of Sakhalin gas project, raises stakes with West

By Yuka Obayashi, Emily Chow and Ron Bousso
TOKYO/LONDON (Reuters) - President Vladimir Putin has upped the ante in an economic war with the West and its allies with a decree taking full control of the Sakhalin-2 gas and oil project in Russia's far east, a move that could force out Shell and Japa...

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Mark Zuckerberg told Meta staff he's upping performance goals to get rid of employees who 'shouldn't be here,' report says

Meta CEO Mark Zuckerberg Photo by Liu Jie/Xinhua via Getty
Mark Zuckerberg told Meta staff that he "turns up the heat" on performance goals, reports Reuters.
Zuckerberg said he hoped this would prompt some employees to leave the company.
This comes as the company is enforcing hiring freezes and c...

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‘My mom says she was already after him at my grandmother’s funeral’: My grandfather married a 2nd time before dying. Do I have any right to an inheritance?

My paternal grandmother died when I was 5 years old. If your grandfather died intestate, his estate will be divided between his wife and children. For example, in California, if a parent dies without a will, one spouse would inherit 100% of the marital property and one-third of the separated prop...

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Bill Gates’ résumé from 1974 features 3 details experts warn you should never include

Microsoft co-founder Bill Gates and the fourth richest man in the world returned to his humble roots on Thursday by sharing his resume from almost 50 years ago.
"Whether you're a recent grad or a college dropout, I'm sure your resume looks a lot better than mine did 48 years ago," Gates quipped i...

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Here’s how much the value of your Social Security check is likely to go up next year

If you're retired or about to retire, next year's Social Security exams are likely to experience one of the biggest stumbling blocks on record due to rising consumer prices. The higher payments will be welcome news for retirees whose household finances have been under pressure so far this year du...

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Elon Musk laughed at BYD in 2011. Warren Buffett's Berkshire Hathaway has made nearly 40 times its money on the Chinese EV stock.

Warren Buffett.AP Images
Elon Musk dismissed BYD as a rival to Tesla in 2011, ridiculing the design and quality of its vehicles.
Warren Buffett's Berkshire Hathaway has returned nearly 40 times over shares of the Chinese automaker.
Berkshire spent $232 million in 2008 on an investment that's wort...

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Biden tells Americans angry about high gas prices that they’ll have to pay up ‘as long as it takes’ to defeat Putin in Ukraine

Americans will endure high gas prices "for as long as it takes" to quell Russian President Vladimir Putin's invasion of Ukraine, U.S. President Joe Biden said Thursday.
Did he check with the Americans before saying that?
A reporter at a NATO summit press conference in Madrid asked Biden how long ...

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A closer look at the 40 housing markets at risk of a 15% to 20% home price decline

Back in 2007, economist Edward Leamer published the now infamous research paper “Housing Is the Business Cycle”. It has been calculated that in the post-WWII period, eight recessions (out of ten) occurred after the US housing market entered a "significant" slowdown.
Since then, we've had two more...

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23 million Californians will receive ‘inflation relief’ checks of up to $1,050. These 10 states are also offering cash payments.

"What all these states have in common is that they have surpluses and use some of the surplus to send checks."

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Wisely, the January 6 hearings into Trump’s failed coup are narrating a story that has a moral that we can care about

Rather than relying solely on logic, the January 6 Committee crafts a compelling narrative of the failed coup that inspires more of a moral commitment

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Delta Air Lines offered passengers $10,000 each to get off an oversold flight

Passengers on a Delta flight from Michigan to Minnesota say the airline offered them $10,000 in cash to give up their seats on an oversold domestic flight.
In the end, the hour-long flight took off from Gerald R. Ford International Airport in Grand Rapids just 20 minutes later than scheduled, acc...

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'It Has Appreciated More In Two Years Than Any Of My Other Pieces' Kevin O'Leary Drops A Gem On Impaulsive Podcast

On Logan Paul's hit podcast Impaulsive, billionaire Kevin O'Leary, aka Mr.Wonderful, took a more relaxed tone, discussing his views on NFTs, collecting guitars, health, investing in cannabis, beef with his fellow Shark Tank fellow Barbara Corcoran and many more.
If you listen carefully and have a...

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The U.S. Army Is Getting Its First Light Tanks in More Than 50 Years

Photo credit: US Army
The US Army placed an order with General Dynamics Land Systems for the new Mobile Protected Firepower vehicle.
Mobile Protected Firepower is a light armored vehicle designed to provide direct fire support for light infantry and paratroopers.
The new vehicle isn't technically...

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Al-piloted Sky Cruise plans to fly 5,000 people in a nuclear-powered ‘Flying Hotel’

Al-piloted Sky Cruise is a concept for a nuclear-powered “flying hotel” that is pilotless and can stay aloft for months.

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