By Susan Mathew Sept 7 (Reuters) – Latin American currencies weakened on Tuesday as rising U.S. Treasury yields sent the dollar rallying, while El Salvador became the first country in the world to adopt bitcoin as legal tender. The adoption of the cryptocurrency, which will serve alongside the U.S. dollar in the country, suffered teething problems when the government had to unplug a digital wallet to cope with demand. President Nayib Bukele said El Salvador holds 400 bitcoins. He expects the… Source link

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Drugmakers Amgen, Merck weigh on Dow after rating cuts * Boeing drops after Ryanair ends jet order talks * Tinder parent Match Group jumps on joining S&P 500 * Indexes down: Dow 0.72%, S&P 0.42%, Nasdaq 0.02% (Updates to open) By Shashank Nayar Sept 7 (Reuters) – The Dow Jones and S&P 500 fell on Tuesday, as worries over the slowing pace of economic recovery overshadowed hopes that the… Source link

Stocks dipped in early trading on Tuesday, with Wall Street indices hovering close to last week’s record highs, with analysts closely watching the end of pandemic-era jobless benefits and its impact on the labor market as the COVID-19 pandemic clouds the outlook. Last week, the S&P 500 Index set an all-time high, and the Nasdaq Composite briefly hitting an intraday record, despite August’s jobs data falling far short of market expectations. While payrolls showed the economy creating a… Source link

In an effort to enable greater impact from the NICFI Satellite Data Program, Planet has teamed up with Google to make high-resolution, tropical forest Basemaps available within the Earth Engine platform. This brings the power of Google’s cloud to the entire NICFI community to run analysis at regional and global levels to study the effects and solutions of tropical forest loss at scales not possible through traditional means. “From its inception 10 years ago, Google Earth… Source link

SEOUL—South Korea’s app developers can soon sidestep the digital tollway mandated by Apple Inc. and Alphabet Inc.’s Google, but changes for app companies and consumers may be hard to see initially. Last week, South Korea passed the world’s first-ever law that blocks Apple and Google from only offering their own in-app payment system. The bill, pending presidential approval, could be enforced within weeks. Once enacted, South Korea’s app companies can avoid… Source link

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler will lean on corporate disclosures as the Biden administration sets its eyes on curbing anti-competitive behavior. In a meeting of the newly-formed White House Competition Council set to take place later this week, Gensler will also emphasize the agency’s examination of the impact of revenue models like payment for order flows, a senior SEC official told Yahoo Finance. The SEC is one of six independent agencies scheduled to… Source link

In not so many words, uber popular money manager Cathie Wood told Yahoo Finance Live billionaire and money manager John Paulson should put a few books about bitcoin (BTC-USD) on his fall reading list because the leading cryptocurrency is here to stay.  “John Paulson made an incredible call during the mortgage crisis. He has been a gold bug, I would say, for most of his career. And many investors who have spent their careers focused on gold cannot understand the digital concept associated… Source link

The NBA season doesn’t get underway until October 19, but if you’re itching to draft, you can take full advantage of Yahoo’s fantasy basketball ADP. Because player values have yet to catch up with general consensus and available data, there are plenty of guys who are being highly overvalued and many more who are being slept on. In this piece, I’m going to highlight players from each of the top-10 rounds who are values or fades at current ADP. I’ll close the article… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, September 7, 2021 With unemployment down and pay up, Delta variant is clearly ‘scaring off customers’ The usual summer doldrums — and one particularly implacable virus — clearly took its toll on U.S. job creation last month. The market’s most closely watched high-frequency data series was an unmitigated letdown in August, with new… Source link

UK prime minister Boris Johnson plans to raise national insurance rates by an expected 1.25 percentage points. Photo: Toby Melville/Pool/Reuters Markets made moves lower on Tuesday in London as an announcement by prime minister Boris Johnson that the UK will implement a tax rise of more than £12bn a year reverberated. The tax rise will finance a new tranche of spending on health and social care and has been met with a wave of opposition from Conservative MPs. It is the largest tax increase in… Source link