Bloomberg Bank of Canada Becomes First to Signal Exit From Stimulus (Bloomberg) — The Bank of Canada took the biggest step yet by a major economy to reduce emergency levels of monetary stimulus as it hailed a stronger-than-expected recovery from the pandemic.Policy makers led by Governor Tiff Macklem said Wednesday they would scale back their purchases of government debt by a quarter to C$3 billion ($2.4 billion) and accelerate the timetable for a possible interest-rate increase.The upbeat… Source link

Bitcoin (BTC) dominance, or the ratio of the largest cryptocurrency’s value to the overall market capitalization of digital assets, slipped below 50% for the first time since 2018, according to the data sites CoinMarketCap and CoinGecko. The ratio was 48% as of 15:44 coordinated universal time (11:44 a.m. ET) and came as ether (ETH), the native cryptocurrency of the Ethereum blockchain and the second-largest overall, surged to a new all-time high. Bitcoin’s market value is about $1.02… Source link

The global computer chip shortage could have larger ramifications than making it harder to buy the latest video game console or more expensive to buy a car. According to a new Goldman Sachs (GS) note, the slowdown in chip availability could in theory smack U.S. GDP by as much as 1% in 2021. In a research note led by Goldman’s Spencer Hill, an analysis looked at the economy-wide effects of the shortage by assuming a 20% chip shortfall that lasts three quarters and affects the 169 U.S…. Source link

Bloomberg FX Investors See Metals as a Way to Get In on Biden’s Trillions (Bloomberg) — As lawmakers wrangle over President Joe Biden’s latest trillion-dollar stimulus package, currency investors are already picking the winners of the infrastructure spending boom that the plan is likely to unleash.They’re focusing on countries that are major sources of the copper needed to bolster the electrical grid, the iron ore for steel rebar, and nickel for battery-powered vehicles. For those who… Source link

Google Analytics started life as a web server log analysis package developed by Urchin Software, which Google acquired in 2005. Google Analytics quickly came to dominate the website analytics space because it was offered for free at a time when site analytics software like Web Trends and Omniture cost hundreds of thousands of dollars. Practically all small sites and blogs adopted Google Analytics, because they could not afford anything else. Today, Google Analytics represents the vast… Source link

JPMorgan Chase (JPM) CEO Jamie Dimon says the post-lockdown economic boom has “absolutely” begun. On a client webcast on Wednesday, the long-time bank CEO echoed his upbeat views on the U.S. economy that he recently outlined in his annual letter to JPMorgan shareholders in which he predicted an economic boom that “could easily run into 2023.” Pointing to the vaccine rollout, Dimon said on the webcast we are “lucky to have it” and people “should be happy to go back to work,” both factors that… Source link

Disclaimer The results here are provided for general informational purposes from the CMLviz Trade Machine Stock Option Backtester as a convenience to the readers. The materials are not a substitute for obtaining professional advice from a qualified person, firm or corporation. Source link

RIP, SPAC (Special Purpose Acquisition Company) craze.  Going public via a SPAC became all the rage late in 2020 and into 2021 because of its relative ease versus the traditional IPO route and the fact everyone on the Street seemed to be doing it. Now the process has darn near crashed.  New research out from Goldman Sachs strategist David Kostin on Thursday shows that only six new SPAC IPOs have come to market in the second quarter of 2021. For context, Goldman notes, at this point in the… Source link

Earth Day 2021 is here and the folks at Google hope it plants a tree in your heart with this adorable Google doodle of one family’s tree-planting legacy.  “The planet we call home continues to nurture life and inspire wonder. Our environment works hard to sustain us, which calls for us to return the favor,” Google wrote in a description. “Today’s video Doodle shows a variety of trees being planted within natural habitats, one of… Source link

The practice of using, and reusing, software interfaces written by others is common within the field of software engineering and development.  Multiple federal circuits have held that software source code, as a whole, can be copyrighted, but the question as to what extent code can be copied, particularly API code, was an unanswered question.   In its recent Google v. Oracle decision, the Supreme Court provided a modicum of clarification as to the amount of copying the declaring code used… Source link