(Bloomberg) — Stocks in Europe rose for a second day along with U.S. index futures as concerns about China Evergrande Group’s debt woes eased ahead of Wednesday’s Federal Reserve policy decision. Most Read from Bloomberg Basic resources and energy were among the leading gainers in the Stoxx Europe 600 index as commodity prices steadied after Beijing moved to contain fears of a spiraling debt crisis at Evergrande that could ravage demand from the property sector. Gambling operator Flutter… Source link

BERKELEY, Calif. (AP) — Big Tech companies that operate around the globe have long promised to obey local laws and to protect civil rights while doing business. But when Apple and Google capitulated to Russian demands and removed a political-opposition app from their local app stores, it raised worries that two of the world’s most successful companies are more comfortable bowing to undemocratic edicts — and maintaining a steady flow of profits — than upholding the rights of their… Source link

(Bloomberg) — Bitcoin dropped briefly below $40,000 for the first time since August amid rising criticism from regulators, before rallying as the mood in global markets improved. Most Read from Bloomberg The largest cryptocurrency broke a three-day losing streak, rising 2.9% to $42,132 as of 6:34 a.m. London time on Wednesday. It earlier slid as much as 3.2% to $39,625. Tokens including Ether, Solana and Litecoin were slightly lower over the past 24 hours. Fears of contagion from the debt… Source link

Miller Value Partners recently released its Q2 2021 Investor Letter, a copy of which you can download here. The Miller Opportunity Trust Class I gained 4.18%, underperforming its benchmark, the S&P 500 Index which returned 8.55% in the same quarter. You should check out Miller Value Partners’ top 5 stock picks for investors to buy right now, which could be the biggest winners of this year. In the Q2 2021 Investor Letter, the fund highlighted a few stocks and Alibaba Group Holding Limited… Source link

(Want to get this newsletter in your inbox? Here’s the sign-up.) Good evening. Here’s the latest at the end of Tuesday. 1. “Government by and for the people is still the best way to deliver for all of our people.” President Biden delivered his first address to the annual gathering of world leaders at the U.N. in New York amid doubts about his ability to restore U.S. leadership in the world after the Trump administration’s isolationism. Biden called for unity among allies in… Source link

Stock futures opened lower Tuesday evening as investors anxiously awaited the arrival of the Federal Reserve’s latest monetary policy decision after a volatile start to the week.  Contracts on the S&P 500 ticked down ahead of the decision. FedEx (FDX) shares fell in late trading after the shipping giant posted weaker-than-expected quarterly earnings, with supply chain disruptions and labor scarcities weighing on results. Disney (DIS) shares extended earlier losses after CEO Bob Chapek,… Source link

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The nation’s largest banks are asking an international body of regulators to give them the space to grow their crypto asset exposures, sparking debate over where guardrails should be placed on the emerging asset class. On Tuesday, an advocacy group representing the eight largest U.S.-based financial institutions wrote to the Bank of International Settlements (BIS) regarding its proposal for a global framework for bank exposure to crypto assets. “We find the proposals in the consultation to… Source link

Google got ahead of any possible news leaks about the Pixel 6 and Pixel 6 Pro by announcing the phones back in August, including that they would run on the company’s long-in-development Tensor chip. But it’s possible that some leakers have recently got hold of an actual unit. A video posted to Twitter by @thisistechtoday may be showing off a pre-production version of the Pixel 6 Pro, complete with its triple rear camera array. Of course, Google hasn’t been coy about sharing what… Source link

Working the way we once did will never be the same thanks to COVID, and the result can be seen everywhere from fast-food restaurants to the shops at the mall. Companies are having trouble hiring people, and the labor shortage is big news everywhere –– which presents a major problem as the busy holiday season draws closer. Some affected companies are taking an innovative approach to lure people back, offering everything from tuition assistance to free Teslas. While some of these tactics… Source link