A bipartisan trio of senators is trying to change a cryptocurrency provision in the infrastructure bill that the industry warns will have a “devastating” impact on the space. As it stands, the infrastructure bill aims to raise revenue by cracking down on cryptocurrency tax reporting.   The industry argues the current measure included in the bill is too broad — and would force miners, developers and other “non-financial intermediaries” to face the new reporting requirements, though they… Source link

SAN FRANCISCO — Instacart has appointed Carolyn Everson president, effective Sept. 7. Everson has a 30-year track record of leading global consumer technology teams with a focus on growing global partnerships, industry-leading business development and pioneering advertising platforms.   As president, Everson will oversee Instacart’s Retail, Business Development and Advertising businesses, as well as the company’s People, Policy & Government Affairs, Legal, Partnerships, Instacart Pickup… Source link

Moderna (MRNA) has maxed out on its manufacturing capacity for 2021 and has shifted its focus to 2022 and 2023 advanced purchasing orders for its COVID-19 vaccine, officials said Thursday. The company reported $2.8 billion in vaccine revenue for the second quarter and anticipates pricing of doses will fall and impact revenue as more low- and middle-income countries become the dominant purchasers, according to officials on an earnings call. In addition, Moderna expects the global pandemic to… Source link

Jen Easterly, nominee to be the Director of the Homeland Security Cybersecurity and Infrastructure Security Agency, testifies during her confirmation hearing before the Senate Homeland Security and Governmental Affairs Committee on June 10, 2021 in Washington, DC. Kevin Dietsch | Getty Images Amazon, Google and Microsoft are among several tech companies that have agreed to join a government effort to fight ransomware as cyber attacks have become regular threats to U.S. organizations. The… Source link

Goldman Sachs is getting more bullish on stocks. The Wall Street firm on Thursday upgraded its year-end price target for the S&P 500 (^GSPC) to 4,700, up from the 4,300 seen previously. That new target would represent an upside of nearly 7% from closing prices on Wednesday, and add to what has already been a more than 17% year-to-date gain for the blue-chip index. Goldman also expects the S&P 500 to close out 2022 at 4,900, raising this from a previous target of 4,600. A combination of… Source link

SAN FRANCISCO — Instacart has appointed Carolyn Everson president, effective Sept. 7. Everson has a 30-year track record of leading at-scale, global consumer technology teams with a focus on growing global partnerships, industry-leading business development and pioneering advertising platforms.   As president, Everson will oversee Instacart’s Retail, Business Development and Advertising businesses, as well as the company’s People, Policy & Government Affairs, Legal, Partnerships, Instacart… Source link

Robinhood (HOOD) shares tanked 27% to close the session at $50.27 after several wild sessions. Thursday’s decline followed an announcement that some stockholders would be cashing out up to 97.8 million shares. The news came after a massive two-day rally. The investment platform’s shares had gained 100% earlier this week. Robinhood appears to be the newest meme stock on the Wall Street, highlighting the power of retail investors. It was one of the most mentioned stocks on Reddit’s… Source link

With the Delta variant driving a surge in COVID-19 infections, accounting for more than 90% of new cases across the U.S., health officials warn the threat of the contagious variant is “serious” as infected patients crowd hospital beds in hard-hit regions. “I cannot emphasize enough how serious this situation is,” Dr. Elizabeth Clayborne, emergency physician at UM Capital Region Medical Center, told Yahoo Finance Live, referring to the Delta variant. “This is a wake-up call for everyone… Source link

Yesterday’s leak didn’t leave much to the imagination. And today’s big Nest reveal confirms pretty much everything we saw — which is precisely what happens when Google’s the one doing the leaking. Still, this morning’s announcement marks one of the biggest refreshes to Google’s home security line in recent memory, with updates to various configurations of Nest’s security cam and doorbell. Depending on how you count, Google’s announcing up to four devices today. The… Source link

New weekly jobless claims dipped last week to come in near consensus estimates, trending down but still coming in well above pre-pandemic levels as the labor market’s recovery trudges forward. The Labor Department released its weekly jobless claims report on Thursday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg: Initial unemployment claims, week ended July 31: 385,000 vs. 383,000 expected and a revised 399,000 during prior… Source link