Author: theparknews

NFL teams held their final roster votes on Tuesday as the league’s trade deadline arrives midway through the 2024 regular season.Eight players were traded before Tuesday’s 4 p.m. ET deadline, bringing the final number of moves during the league’s trading period to 18. Receivers accounted for the most frequently traded positions (six) and the most high-profile trades (looking at you, Davante Adams), while edge rushers ranked second and attracted four late starters.No team gave up a first- or second-round draft pick before the deadline this year, and the three trades involving third-round picks had caveats that complicated their value.So who…

Robinhood (HOOD) co-founder and CEO Vladimir Tenev is dismissing concerns from some in the market that the Fed’s interest rate cuts will hurt the company’s performance in 2025.”As you may recall, we went public in a zero interest rate environment and we did extremely well in a zero interest rate environment. Volume was positive, we were growing 300-400% annually,” Tenev told Yahoo Finance at the Goldman Sachs Communacopia and Technology Conference on Tuesday.Robinhood told analysts on its second-quarter earnings call that the Fed’s 25 basis point interest rate cut would reduce revenue by $40 million. The decline in revenue reflected…

Fed Chairman Jerome Powell is likely to face bipartisan fire this week if, as expected, he signals that the fight against inflation is nearing an end with the first interest rate cut in four years.That seems perfectly fine with him.Of course, political winds can change quickly, but the Fed chairman is in a stronger position than expected: the central bank he oversees seems likely to be able to neutralize criticism in the coming days, even as it approaches the climax of a year in which it has had to deal not only with a complex economic situation but also with…

U.S. stocks ended mixed on Friday as hopes of a rate cut faded, but the Dow Jones Industrial Average (^DJI) rallied above the 42,000 mark to close at another all-time high.The S&P 500 (^GSPC) fell 0.2% after the benchmark index closed at an all-time high on Thursday, while the tech-heavy Nasdaq Composite Index (^IXIC) ended down 0.4%.Despite a lackluster start on Friday, major stock indexes ended the week higher. Much of that gain was driven by a market surge on Thursday, when investors bought into Federal Reserve Chairman Jerome Powell’s message that the central bank’s big interest rate cuts were…

Listen and subscribe to Financial Freestyle on Apple Podcasts, Spotify, or wherever you find your favorite podcasts.Starting a business is not easy, and it’s common for Black entrepreneurs to feel alone in their journey when they first get started.But there is a wide range of resources available to business owners, many of which don’t require a lot of additional capital to acquire.Joy Butts, senior business consultant at JPMorgan Chase, told Ross Mac on Yahoo Finance’s Financial Freestyle (watch the video above or listen to the video below) that a community of entrepreneurs is one of the most important resources someone…

General Motors (GM) stock prices soared after the company raised its full-year outlook for the third time this year while posting a higher third-quarter profit.Profits helped push GM stock up 50% since the beginning of the year, even as other legacy automakers such as Ford (F) struggled.Morningstar U.S. Auto Stock Strategist David Whiston joins Julie Hyman and Josh Lipton to discuss market dominance and how GM is doing things differently than other automakers to support stock price growth. Analyze.GM is “controlling what it can control, especially when it comes to costs… continuing to reduce capacity going back to before the…

U.S. stocks rose on Monday as fears of war in the Middle East receded and ahead of a crucial week filled with Big Tech earnings, inflation updates and a key monthly jobs report. The Nasdaq Composite Index (^IXIC), which has a high proportion of high-tech stocks, rose about 0.6%, and the S&P 500 Index (^GSPC) rose 0.5%. The Dow Jones Industrial Average (^DJI) also rose 250 points, or about 0.6%. The market was supported by Israel’s decision to limit its retaliatory attacks against Iran to military targets rather than oil and nuclear facilities, as had been feared. Oil futures fell…

Warner Bros. Discovery (WBD) stock rose about 12% on Thursday after the company reported strong streaming results in the third quarter. However, revenue fell short of expectations as the media giant struggled with a decline in its studio division and a continued decline in its linear TV business. The stock pared its gains by mid-afternoon and was up a modest 10% by market close. Revenue was $9.62 billion, below the Bloomberg consensus estimate of $9.81 billion and down 3% from $9.98 billion in Q3 2023. The company reported adjusted earnings per share of $0.05, compared with a loss of $0.17…

The Federal Aviation Administration (FAA) alleges that SpaceX committed three safety violations by failing to comply with license requirements for two space launches in 2023. If the full fine is assessed, SpaceX could be on the hook for $633,009, according to an FAA statement.The license violations relate to two separate SpaceX launches. The first two occurred on June 18, 2023, as part of the PSN Satria mission, which launched from the Cape Canaveral Space Force Station. The second violation occurred on July 28, 2023, in connection with plans for the EchoStar XXIV/Jupiter mission.In both cases, SpaceX requested amendments to portions…

Five months after announcing her separation from husband Sacha Baron Cohen, Isla Fisher has put her luxury mansion up for sale.The 48-year-old former “Home and Away” actress said in April that she and the Ali G creator, 52, who she shares three children with, and who have not been seen in public, had jointly filed for divorce in 2023.The Sydney Woollahra apartment she bought while she was a soap opera actress in 1995 has been listed for sale for $1 million.According to Mail Online, Ira is set to make a profit of $828,500 on the property, having purchased it in…