‘If we compare today to the April highs, we can say with absolute certainty that the hype has left the market,’ said one analyst. Cryptocurrencies were recovering slowly but steadily from an earlier sell-off but are once again down on Wednesday, with bitcoin’s price quite a distance from its all-time high of $63,000 (£45,552) in April. Bitcoin (BTC-USD) fell 0.7%, trading at $34,891 on Wednesday morning. “If we compare today to the April highs, we can say with absolute certainty that the… Source link

Shortly after Anfernee Penny Hardaway announced that he was staying at Memphis on Tuesday, news broke of a prominent hire on his coaching staff.  The Athletic’s Jeff Goodman and Shams Charania reported that Hall of Fame coach Larry Brown will join Hardaway’s staff as an assistant coach.  Hardaway has coached his hometown Memphis Tigers for the last three seasons. The four-time NBA All-Star interviewed for the Orlando Magic head coach opening and reportedly emerged as a “serious candidate.”… Source link

June 30 (Reuters) – Google will clamp down on financial fraud on its platform in Britain, saying on Wednesday that all financial services will need to be verified by the regulator before they can advertise. Britain’s financial watchdog issued 1,200 consumer warnings last year about scams advertised via social media platforms by fake companies, double the number in 2019. read more Google, which is part of U.S. tech giant Alphabet Inc (GOOGL.O), said in a blog post it will begin enforcing the… Source link

(Reuters) -Berkshire Hathaway Inc Vice Chairman Charlie Munger praised China’s move to impose a sweeping restructuring on Jack Ma’s Ant Group, the fintech giant whose record $37 billion IPO was derailed by regulators in November. The 97-year-old told CNBC in an interview alongside Berkshire CEO and billionaire investor Warren Buffett that the United States should take a leaf out of China’s book and “step in preemptively to stop speculation”. “I don’t want the, all of the Chinese system, but… Source link

Microsoft and Google have ended an almost six-year truce to prevent open warfare between the rival Big Tech companies, clearing the way for direct conflict as regulators take aim at barriers to competition among the leading US technology groups. The software and internet search giants reached an unusual pact in 2015 to end a running battle that had been fought out in courtrooms and in front of regulators around the world. It was forged soon after Sundar Pichai became chief… Source link

Trevor Bauer, the National League’s reigning Cy Young Award winner, is reportedly accused of assaulting a woman. (Photo by Daniel Shirey/MLB Photos via Getty Images) Los Angeles Dodgers pitcher Trevor Bauer is under investigation after a woman claimed he assaulted her earlier this year, according to TMZ. The alleged victim was granted a temporary domestic violence restraining order in Los Angeles on Tuesday. Pasadena police are reportedly investigating the claim, with Bauer cooperating with… Source link

Stock futures opened slightly higher Tuesday evening as traders looked ahead to more economic data out Wednesday morning. Contracts on the S&P 500 and Nasdaq were each slightly higher after the indexes set record levels yet again during the regular trading day. Dow futures also ticked up.  The major U.S. stock indexes have moved only modestly so far this week, hovering at or near record levels while traders await more catalysts to push equities higher. Many have pointed to the prospects of… Source link

Photo illustration: Yahoo News; photos: Getty Images Thanks to a sharp rise in crime in an affluent district in Atlanta, residents have mounted a campaign to secede from the majority Black city. The Buckhead district is known for its luxury high-rise apartments, lavish restaurants and trendy boutique shops, but a spike in robberies, aggravated assault and larceny over the past year has left many in the community dismayed. Saying that Atlanta has abandoned them, they’ve formed the Buckhead… Source link

(Bloomberg) — Intel Corp. fell after saying a new version of its Xeon server chip line will go into production in 2022, rather than by the end of this year as promised, the latest in a series of delays that have cost the company technology leadership of the chip industry.Rival Advanced Micro Devices Inc. rose after Intel said Tuesday that a chip design, code-named Sapphire Rapids, will begin production in the first quarter of 2022 with the “ramp” beginning the following quarter. The… Source link

The stock market’s all-time highs are doing wonders for workers’ 401(k)s, with the largest number of 401(k) and IRA millionaires in history, according to Fidelity data. As a result, many people are dropping out of the workforce to retire earlier than planned, turning their backs on a job seeker’s market. The Federal Reserve is letting the economy run especially hot in an attempt to bring back people into the workforce, Oxford Economics’ senior economist Bob Schwartz wrote in a note to… Source link