Stocks sank and the tech-heavy Nasdaq (^IXIC) suffered its biggest pullback since March on Tuesday, while bond yields (^TNX) rallied to a three-month high amid concerns over rising inflation and higher interest rates. The market’s volatility index (^VIX), the so-called fear gauge, hit its highest level in at least five months, but that wasn’t enough to scare away “Shark Tank” investor and entrepreneur Kevin O’Leary. “Volatility, I don’t love it,” O’Leary told Yahoo Finance Live,… Source link

Developing economies are once again leapfrogging prior waves of technological innovation with the help of cryptocurrency. Much like the way consumers in India and Indonesia a decade ago skipped landlines for cellphones, institutions in Africa are embracing the advancements in crypto over alternatives offered by the traditional plumbing of the global financial system. As Elizabeth Rossiello, founder of the Africa-focused fintech platform AZA Finance, described at Yahoo Finance’s All Markets… Source link

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SEOUL, Sept 29 (Reuters) – Apple (AAPL.O) and Alphabet’s (GOOGL.O) Google have been asked to turn in by mid-October compliance plans for a new South Korean law that bans major app store operators from forcing software developers to use their payment systems, a regulatory official said on Wednesday. Apple and Google did not have immediate comment. The Korea Communications Commission will soon be drawing up an enforcement ordinance that will accompany the amendment of the country’s… Source link

Google Nest is bringing back seasonal ringtones for its video doorbells, which now include the Nest Doorbell (wired) — previously known as Nest Hello — and the new Nest Doorbell (battery). First up are Halloween-inspired tones, which will stick around through October, then the winter holiday-themed options arrive. For the past three years Nest has offered them, the ringtones have disappeared following the holidays, leaving you with the standard ding dong. But this year, the new Nest… Source link

Stock futures opened flat to slightly higher Tuesday evening after a tech-led selloff during the regular trading day. Concerns over rising Treasury yields and sparring among Washington lawmakers over the debt ceiling and government funding weighed heavily on equities. Contracts on the Nasdaq ticked up. The index closed out Tuesday’s regular session lower by 2.8%, posting its biggest drop since March. The S&P 500 and Dow also fell sharply. The decline in technology stocks came as Treasury… Source link

According to the U.S. Census Bureau, the median size of a single-family house in 2020, the most up-to-date survey year, is 2,261 square feet. For many Americans, a home of that size is out of their price range, simply too large for their needs, or entails a bigger carbon footprint than they want…enter the tiny house. This Town at Trilith tiny house has a sleek, modern kitchen with downsized appliances. (Photo courtesy of Town at Trilith) According to the 2018 International Residential Code,… Source link

(Bloomberg) — Senator Elizabeth Warren, pressing Federal Reserve Chair Jerome Powell on his record on financial regulation, said she wouldn’t support him for a second term as head of the U.S. central bank — the highest-profile Democrat with a say on his confirmation to come out against him. Most Read from Bloomberg “Your record gives me grave concern,” the Massachusetts Democrat said Tuesday during a Senate Banking Committee hearing. “You have acted to make our banking system less… Source link

Last week was an unusual one for daily fantasy football, but that’s in the rearview mirror. Time to look toward and build the best Week 4 Yahoo DFS tournament lineups. Because of the boom-or-bust nature that often accompanies at least a few GPP picks, we have a play at wide receiver that might shock you, but hey, no risk it, no biscuit. Christian McCaffrey’s hamstring injury on Thursday night set the tone for a painful Week 3 that saw several more players lost… Source link

Hollywood is seeking a new revenue stream in the hot market for non-fungible tokens (NFTs). With COVID-19 scaring away many moviegoers from theaters, and making blockbuster ticket sales harder to come by, a few entrepreneurs are getting more creative using blockchain technology. Enter a brand-new science-fiction movie starring Anthony Hopkins, which will be the first film to be auctioned off as an NFT. “Zero Contact” is being auctioned off by Vuele, an NFT film distribution platform that hopes… Source link