Stock futures opened slightly higher Monday evening, steadying after steep regular-session losses in the S&P 500 and Nasdaq.  During the regular session, the S&P 500 fell for a fifth straight day for its longest losing streak since February 2020, and the Nasdaq posted its worst day in a month as investors rotated away from growth and tech stocks. Shares of airlines, cruise lines, lodging companies and other service-based beneficiaries of a post-pandemic economic reopening rallied strongly,… Source link

The Guardian Covid has killed 500,000 in the US. That’s more than the population of Miami This tragedy was preventable. It happened because Republican politicians believe some people are worth more than others ‘Coronavirus is different, generating neither equal suffering nor equal concern.’ Photograph: Patrick Semansky/AP Five hundred thousand deaths can be hard to picture. But we have to try. Imagine, for instance, that everyone in Miami, Colorado Springs or Minneapolis died in the course… Source link

Bloomberg Inflation Angst Is About to Rewrite the Stock Market Playbook (Bloomberg) — For bond investors, inflation is pretty much all bad news, eating into the value of future returns. For equity traders, the tidings can be less categorically awful, given the ability of certain companies to wring profits from higher prices.While there will be plenty of stock-market casualties should price pressures perk up, history suggests the landscape isn’t devoid of opportunity. Energy shares have been… Source link

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Famed economist Nouriel Roubini argues that retail investors with “fear of missing out” are going to get crushed by investing in Bitcoin during its latest run higher. “We have, like in 2017, hundreds of thousands of retail suckers that are having FOMO (fear of missing out) going into this asset class. And they are going to buy it at peak like it happened in December of 2017 when it was $20,000 and fell to $3,000 by the end of the next year. So, it’s the same phenomenon — just people… Source link

Feb. 22, 2021Updated: Feb. 22, 2021 3:46 p.m. Last summer, the company launched a feature allowing businesses to identify as black-owned on Google Maps. Google made the distinction available on the Shopping tab at the start of February, marking the start of Black History Month. Wayne’s Wings Google is expanding an effort to spotlight black-owned businesses this month. Last summer, the company launched a feature… Source link

Feb. 22, 2021Updated: Feb. 22, 2021 3:46 p.m. Last summer, the company launched a feature allowing businesses to identify as black-owned on Google Maps. Google made the distinction available on the Shopping tab at the start of February, marking the start of Black History Month. Wayne’s Wings Google is expanding an effort to spotlight black-owned businesses this month. Last summer, the company launched a feature… Source link

Google today announced the first cohort in its Google for Startups Accelerator: Voice AI, a 10-week program designed to pair startups with experts to help tackle product development, machine learning, and other technical challenges. The 12 companies selected will gain access to resources across Google’s programs and products, Google says, as well as to its people and technology. The pandemic appears to have supercharged voice app usage, which was already on an upswing. According to… Source link

Google’s main campus. Photo by Michelle Le Visitors to Google’s tech campus in Mountain View can walk right up to the front doors of the Googleplex, enjoying the views of the public courtyard outside one of the largest companies in the world. But that could change soon. In an effort to reduce security risks at all of the company’s sites, Google is looking to revamp its 1995 headquarters — along with a second North Bayshore office building currently under construction — and clamp down… Source link

When the U.S. government bailed out student loan lenders during the Great Recession, legislators unintentionally set off a series of cascading events that has left more than 6 million student loan borrowers locked out of a crucial benefit more than 10 years later amid the coronavirus pandemic. Two consumer advocacy groups are pressing the Biden administration to change that. “The Trump administration exercised executive authority to cancel student loan interest charges and pause loan payments… Source link