This week’s “flash crash” that dragged bitcoin (BTC-USD) back below $50,000 — and sent other digital coins reeling in its wake — marred what should have been the momentous occasion of the first sovereign country on earth adopting a cryptocurrency as legal tender.  Despite the ugly price action, most of crypto’s true believers are still just that — even as some observers question bitcoin’s head-spinning volatility, and El Salvador’s decision to throw its weight behind it.  Michael… Source link

A California district judge struck a blow to one of Apple’s (AAPL) major revenue engines on Friday by ruling that the iPhone maker needs to give app developers the ability to offer alternative app payment options to consumers. Apple currently restricts developers to using its own Apple payment service, which automatically draws a 30% commission from the sale of apps. Developers including Spotify (SPOT) have complained of the commission for years, but the ruling by District Judge Yvonne… Source link

Now that Jamie Spears has formally moved to end his pop star daughter’s controversial 13-year conservatorship, it raises the question of when the arrangement will actually expire — and whether Britney Spears’ searing claims of abuse will be formally addressed.  At least for now, the conservatorship, which has received enormous public scrutiny since it was first set up over a decade ago, is still in effect.  Yet the elder Spears filed a motion this week, stating that Britney Spears’… Source link

Morgan Stanley’s Chief Investment Officer Mike Wilson says investors should always be positioned for a market correction of 10%, but warned that investors may not be ready for a harsher correction that could be coming soon. “You should always be expecting a 10% correction. If you’re investing in equities, you should be prepared for that at any time,” Wilson told Yahoo Finance on Friday. “A 20% correction, which is really more disruptive, where people might want to try and position… Source link

President Biden has clearly lost patience with vaccine resistors. “My message to unvaccinated Americans is this: What more is there to wait for?” Biden pleaded in a Sept. 9 television address. “Your refusal has cost all of us. So please do the right thing.” His tone was practically contemptuous, especially when referring to some red-state governors who are blocking masking efforts and other public-health measures. But Biden is worried, too, because the surge in the Delta coronavirus… Source link

Crypto crash: Here’s why billionaire John Paulson’s ‘worthless’ call might be right It feels as though cryptocurrency has been deemed a worthless fad since Bitcoin first emerged from the guts of an anonymous engineer’s computer rig back in 2009. While some of the criticism has come from the general public, who may not have a clear grasp on what cryptocurrencies are, how they work or why they possess any value whatsoever, some very clued-in financial minds have also questioned crypto’s… Source link

Yandex NV (YNDX) is around the top of the Internet Content & Information industry according to InvestorsObserver. YNDX received an overall rating of 53, which means that it scores higher than 53 percent of all stocks. Yandex NV also achieved a score of 81 in the Internet Content & Information industry, putting it above 81 percent of Internet Content & Information stocks. Internet Content & Information is ranked 117 out of the 148… Source link

Investors in popular FAANG stocks have enjoyed a great run over the last year (especially the past month) as a combination of super low interest rates from the Federal Reserve and high growth from the individual tech companies has made an easy bull case.  But with the Fed on the cusp of beginning a tapering of its pandemic-era bond buying program — which could push up rates from the rock bottom that risk-taking traders have loved —the FAANG trade could be nearing a pullback.  “I think… Source link

“We’ve been patient, but our patience is wearing thin,” said President Joe Biden on Thursday, venting his and many Americans’ collective frustrations over those not yet vaccinated. During the address, the president laid out a six-point action plan to step up the fight against COVID-19, including new mandates and recommendations for schools. All Head Start and Early Head Start programs staff will be required to be vaccinated. The same mandate extends to teachers and youth program… Source link

Google is finally adding an official dark mode to search on desktops, letting those who prefer to avoid bright webpages complete their searches while bathed in inky gray (via 9to5Google). According to Google’s support page, you can make the change by going to Settings > Search Settings > Appearance. There, you’ll be able to choose light, dark, or device default, which will automatically follow your computer’s mode. If you don’t see the Appearance option, you may have to wait a… Source link