Federal Reserve Chairman Jerome Powell has all but announced that the central bank will take the first steps in paring back its extraordinary monetary stimulus, hoping that markets will not sour in response. Commentary from Fed officials over the last few weeks have pointed to an announcement on Nov. 3 that the central bank will slow its quantitative easing program. For months, markets have been wondering when the Fed would “taper” the pace of its U.S. Treasuries and agency mortgage-backed… Source link

November 1st has brought on a huge wave of great tech deals, perhaps as a sign of even greater things to come later in the month with Black Friday and Cyber Monday. Google has marked down many of its latest Nest smart home and audio devices to their all-time low prices, and generally, good deals can be had on a multitude of devices from other companies, including Eero, Sony, and more. The most eye-popping deal of the day is on Google’s Nest Audio smart speaker. This cloth-covered device… Source link

Last week, Robinhood’s third-quarter earnings fell well below Wall Street estimates, causing the company’s share price (HOOD) to sink more than 10%. With crypto trading down 78% from the prior three-month period, the company needs to lure more investors to use their platform, especially for trading cryptocurrency. Now it’s offering free dogecoin (DOGE-USD) along with BTC and ETH through a sweepstakes in partnership with fast-food giant Burger King, which is owned by Restaurant Brands… Source link

MOSCOW, Nov 1 (Reuters) – Russian tech giant Yandex plans to reward responsible drivers on its car-sharing platform with cheaper insurance this year, it told Reuters, using machine learning in a pilot programme similar to one already adopted by Tesla. Newly-listed Renaissance Insurance has verified Yandex’s algorithms and the two companies will team up to offer car insurance… Source link

Stocks traded higher on Monday, with equities looking to build on gains after the S&P 500’s best month since November 2020. Contracts on the S&P 500, Dow and Nasdaq opened higher. Investors are heading into November trading with momentum from a record-setting October, when the S&P 500 logged its best monthly gain in nearly a year. Each of the S&P 500, Dow and Nasdaq had set all-time highs last week, powered higher by a combination of estimates-topping corporate profit results. And according… Source link

The overdose crisis in the U.S. is continuing to worsen as a result of the coronavirus pandemic.  Drug overdose deaths increased by 30.8% for the 12-month period ending March 2021, according to the latest provisional data from the CDC’s National Center for Health Statistics, with reported numbers reaching a record high of 96,779. The CDC noted that the number is likely an undercount given incomplete data. “By the end of 2020, we knew that the number of overdoses for 2020 were going to be… Source link

One Virginia school district has made select Wednesdays shorter for students as teacher burnout through the coronavirus pandemic drags on.  The district’s superintendent said the move was to give teachers more time amid a historic shortage of educators. “Our teachers are just tired — they’re tired and they’re overwhelmed and dealing with a lot of the mental health issues that I think many folks are dealing with as a result of the pandemic,” Aaron Spence, superintendent of the Virginia… Source link

Barry Silbert, Founder and CEO, Digital Currency Group  David A. Grogan | CNBC Digital Currency Group is selling shares to SoftBank and Google’s venture capital arm in a deal that values the crypto conglomerate at more than $10 billion.  The Manhattan-based, private company announced a secondary round on Monday, in which existing investors are selling shares to new backers. The $700 million deal was led by SoftBank and included Google’s Capital G and Ribbit Capital, among others.  Digital… 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 Monday, November 1, 2021 It was a brutal weekend for one airline and a telling weekend on the state of America’s labor shortage.  American Airlines canceled about 14.3% of its flights on Sunday, according to data shared by the company to Yahoo Finance, in large part because it was unable to find staff to carry out operations. Staffing problems… Source link

Some users enjoy exploring Google Maps to find mysterious images. One redditor found a black island in the middle of the ocean. The image led to theories that said it was a military base or a secret portal. Loading … Source link