(Bloomberg) — In the stock market, the refusal of retail investors to back down from every macro threat has become the only story. When will it end? Judging by the size of all the pools of cash lying around, it could be a while. Among all the economic stories of the pandemic, the one about money piling up in people’s accounts has been the most significant in the stock market, where the S&P 500 just notched its seventh gain in nine weeks. Money market accounts, viewed in some circles as a… Source link

What Happened: Bitcoin (CRYPTO: BTC) is trading higher over multiple days, coming off a July 21 low of 29296.39 to a peak of over 34,000 Saturday July 24, a move of over 15%. Meanwhile, Ethereum (CRYPTO: ETH) is bouncing off a low of 1717.17 on Wednesday to a peak of over 2180 at the time of publication, up over 25% in four days. Why It’s Important: The two leading cryptocurrencies have been range bound since a major correction earlier this year. Bitcoin set an all-time high of 64900 on April… Source link

(Bloomberg) — China unveiled a sweeping overhaul of its $100 billion education tech sector, banning companies that teach the school curriculum from making profits, raising capital or going public. Beijing on Saturday published a plethora of regulations that together threaten to up-end the sector and jeopardize billions of dollars in foreign investment. Companies that teach school subjects can no longer accept overseas investment, which could include capital from the offshore registered… Source link

As the country grapples with an increase in COVID-19 cases and hospitalizations stemming from the Delta variant, businesses are working hard to reopen safely, and stay that way. In some cases, that has led to decisions about requiring proof of vaccinations. In San Francisco, conversations are swirling about how bars might soon start carding all patrons — but for proof of vaccination status instead of legal drinking age.  “We’ve had a huge number of staff coming down with COVID,” Ben… Source link

TOKYO — The United States women’s national team delivered a performance a little more befitting of, well, the United State women’s soccer team here Saturday night, defeating an outclassed New Zealand squad 6-1. This was the kind of onslaught the Americans wanted considering it came three days after they were uncharacteristically blown out 3-0 by Sweden in their Olympic opener. The victory almost assures the U.S. will move onto the quarterfinals, which begin next week. In what is just a… Source link

People make their way in Great Barrington after the state lifted its mask mandate. Google is tracking people’s movements by using cellular location… Source link

LONDON — Millions of years before the Cotswolds, in western England, became a popular vacation destination, romanticized for its ancient woodlands, honey-colored stone villages and medieval abbeys, it was a shallow, warm sea, home to a Jurassic marine ecosystem. Over 167 million years later, two amateur paleontologists, Neville and Sally Hollingworth, uncovered fossils in a limestone quarry there, the largest find of Jurassic starfish and their relatives ever to be made in Britain. More than… Source link

Mindy Jensen Mindy Jensen is the co-host of the “BiggerPockets Money” podcast and the co-author of “First-Time Home Buyer, The Complete Playbook To Avoiding Rookie Mistakes.” She’s also a licensed real estate agent in Colorado and has been buying and selling homes since 1998. She is passionate about helping buyers make intelligent, informed decisions about their home purchases. Recognized by GOBankingRates as one of Money’s Most Influential, here she shares the types of properties… Source link

MIAMI, FLORIDA – JUNE 04: Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square speaks on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. The crypto conference is expected to draw 50,000 people and runs from Friday, June 4 through June 6th. (Photo by Joe Raedle/Getty Images) Is crypto the (new) trade of our lifetime? I ask this question as the price of Bitcoin… Source link

(Bloomberg) — Tencent Holdings Ltd. was ordered to give up exclusive music streaming rights and pay half a million yuan in fines, becoming the latest Chinese internet giant to be brought to heel by regulators. An official investigation found Tencent’s 2016 acquisition of China Music Corp.’s stakes violated regulations partly because of a lack of reporting to authorities, according to a statement by the anti-trust watchdog on Saturday. The State Administration for Market Regulation… Source link