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John Caplan, the former president of Alibaba.com is joining Payoneer as co-CEO and director nearly a year after the cross border payments company went public. Caplan will lead Payoneer (ticker: PAYO) alongside current CEO Scott Galit, effective immediately, a statement said. Galit and Caplan will oversee Payoneer as co-CEOs through the end of 2023.
The tech billionaire keeps plowing millions into this asset class.
Berkshire Hathaway's quarterly 13F filing won't tell you about the Oracle of Omaha's $6.3 billion hidden portfolio.
Anyone positioning their portfolio for a recession could be making a big mistake.
Yahoo Finance's health care reporter Anjalee Khemlani breaks down the latest health news, including risks from the BA.5 and BA.4 COVID subvariants and giant African snails that have been spotted in Florida.
Yahoo Finance Live anchors discuss how Enjoy Technology shares are trading after filing for bankruptcy.
Now that we’re into the second half of 2022, with the Independence Day holiday behind us, we can take stock of the changes that the last six months have brought. And those changes have been dramatic. As this year got started, the S&P 500 was coming off of a 27% annual gain. Today, the index is down 20%, putting it into a bear market. The losses have been broad-based, and have left many otherwise sound equities languishing at low prices. It’s a circumstance that has a lot of unhappy investors won
The uber-wealthy investor is thrifty with everything from his breakfast to his house.
Stocks are set to veer south post holiday, following earlier optimism over reports President Joe Biden may lower tariffs on some Chinese goods to help ease the inflation sting. There isn’t much to explain the moodiness of stocks, which logged gains on Friday, but weekly losses on worries about a recession spurred on by rising U.S. interest rates. In the U.S., mortgage applications are down 28% from their peak, new home sales are off 17% and housing starts down 13%.
KELLEY BLUE BOOK New car owners are experiencing more problems in the first 90 days of ownership than ever before. Buick took the top spot in the 2022 J.D. Power Initial Quality Study, but the headline isn’t the winner this year.
HOUSTON (Reuters) -More than 5 million barrels of oil that were part of a historic U.S. emergency reserves release to lower domestic fuel prices were exported to Europe and Asia last month, according to data and sources, even as U.S. gasoline and diesel prices hit record highs. The export of crude and fuel is blunting the impact of the moves by U.S. President Joe Biden to lower record pump prices. Biden on Saturday renewed a call for gasoline suppliers to cut their prices, drawing criticism from Amazon founder Jeff Bezos.
Yahoo Finance Live anchors break down Amazon’s 2% investment in Grubhub.
(Bloomberg) -- Bridgewater Associates posted a 32% return for its flagship hedge fund through the first half of 2022 as it benefited from increased market volatility, according to a person familiar with the performance.Most Read from BloombergNatural Gas Soars 700%, Becoming Driving Force in the New Cold WarCiti Says Oil May Collapse to $65 by the Year-End on RecessionOil Plummets Below $100 as Recession Risks Come to ForefrontUS Wants Dutch Supplier to Stop Selling Chipmaking Gear to ChinaUkrai
Despite West Texas intermediate crude oil futures dipping below $100 per barrel on Tuesday, serious gas price relief may be unlikely happen until motorists make adjustments by driving less.
One of the costs of converting a traditional IRA to a Roth IRA is how much you will pay in taxes. In some cases, those taxes can be a heavy burden, especially if you have been diligent in building up … Continue reading → The post Doing a Roth Conversion Like This Can Minimize Your Taxes appeared first on SmartAsset Blog.
The biggest home price drops are likely in Canada and New Zealand, while only a 5% decline is forecast in the U.S.
It's possible to get on a cruise ship and put your phone away to simply tune reality out for a few days. Many people who board a cruise ship opt to pay for an internet package for a variety of reasons.
A mom revealed the most embarrassing moment of her life — and it's low-key hilarious.
Intel Corp. began early construction work at its $20 billion New Albany semiconductor complex Friday. Construction is slated to occur Mondays-Saturdays on the site for about three years, with operations coming online in 2025, according to an update shared by a task force consisting of the Licking County Port Authority, Grow Licking County and the Licking County Chamber of Commerce. The complex will occupy about 900 acres of land in New Albany and is expected bring tens of thousands of jobs to the area, including construction jobs and roles at ancillary businesses.
The gold markets have broken significantly below the $1800 level, and now it looks as if we are going to continue to go much lower.
(Bloomberg) -- If you liked it at 7.5%, you’ll love it at 18%?Payday lender Curo Group Holdings Corp. sold $750 million of junk bonds about a year ago, offering investors a juicy yield of 7.5% in return for the risk of taking on exposure to a wide variety of consumer lending. It then sold another $250 million of the securities in November at slightly above face value. The bonds — now rated CCC+ by S&P Global Ratings — yield a whopping 17.9% and are trading at just 62 cents on the dollar. It’s qu
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