The U.S. response to the COVID-19 pandemic has been stunted in part due to the ease and speed with which misinformation spreads via the internet and social media —creating an additional barrier for government officials and experts to ensure the general public remains well-informed. U.S. Surgeon General Dr. Vivek Murthy places the blame on key technology companies — but also believes that everyone in the country can play a role in halting the spread of misinformation. “You don’t have to… Source link

Target CEO Brian Cornell said the discounter is well-prepared in the lead-up to the holiday shopping season to navigate the supply-chain challenges weighing on retailers and manufacturers of all kinds. All it took was very, very careful forward planning.  “We have become much more agile. We have taken the steps we have had to take,” Cornell said at Yahoo Finance’s All Markets Summit.  For its part, Target ended the second quarter with inventory up $2.5 billion, compared to a year ago as it… Source link

The U.S. Securities and Exchange Commission (SEC) is still weighing its response to the frenzy over meme stocks, but its leader acknowledged that investors were among the losers when brokerages abruptly restricted trading in late January. “Restrictions on trading that fateful Friday in January was not good for the retail investors that wanted access to the markets,” said SEC Chair Gary Gensler during Yahoo Finance’s All Markets Summit. That “fateful Friday” was Jan. 29, when several… Source link

Jeff Bezos, Amazon’s founder. Alex Wong/Getty Images An Amazon worker on leave emailed Jeff Bezos to say she’d been underpaid, The New York Times said. A subsequent investigation found that Amazon was systematically underpaying some workers on leave. A spokesperson told The Times that Amazon was still identifying underpaid workers. An email sent to Jeff Bezos from an Amazon worker who was on leave triggered an internal investigation that exposed flaws with the company’s payroll system, The New… Source link

Severe supply chain disruptions forebode a “brutal winter” for markets, which could suffer from heightened uncertainty if Congress fails to raise the debt ceiling well ahead of a December deadline, Citigroup (C) CEO Jane Fraser told Yahoo Finance at its All Markets Summit on Monday.  She expressed optimism that the supply-demand imbalance could pass next year, but acknowledged that disruptions “could become more sustainable.”  “We’re probably in for a bit of a brutal winter, particularly in… Source link

The COVID-19 pandemic changed the way millions of Americans plan for retirement, according to Penny Pennington, Edward Jones managing partner.  “A third of those say that they are going to be working longer. But another third say they’re going to be working a shorter amount of time,” said Pennington during Yahoo Finance’s All Markets Summit: The Path Forward. Pennington became Edward Jones’ sixth managing parter in 2019. She joined the firm in 2000 as a financial advisor. Today, Edward Jones… Source link

(Bloomberg) — Tesla Inc. shares touched a new all-time high on Monday, hitting that milestone for a third straight trading session. Most Read from Bloomberg It’s turning out to be a good day for the electric-vehicle maker, with research firm Jato Dynamics saying the company’s Model 3 was the top-selling vehicle in Europe last month, car-rental company Hertz Global Holdings Inc. reported to have placed an order for 100,000 Teslas and Morgan Stanley boosting its price target on the stock by… Source link

Google honors Claude Cahun with Monday’s Doodle.  Google … Source link

Stocks pulled back on Monday as investors awaited a slew of earnings results from the Big Tech companies, as well as a myriad of other corporations across industries this week.  The Dow edged lower, giving back some gains after the 30-stock index set an all-time closing high on Friday. The S&P 500 also ticked down after reaching a record intraday high last week. The Nasdaq dipped, though shares of Tesla (TSLA) rallied to an all-time high. U.S. West Texas intermediate (CL=F) crude oil prices… Source link

Cryptocurrency exchange Bakkt is partnering with Mastercard (MA) to offer crypto debit and credit cards, making it easier for consumers to pay using digital coins. Via Mastercard and Bakkt (), businesses and banks will be able to issue their own branded crypto debit and credit cards to consumers who want them. Holders can use bitcoin purchased through Bakkt with the card, or link to a fiat-based funding source, and receive bitcoin rewards. Bakkt’s stock, which publicly listed on the NYSE on… Source link