The value of each of the two largest cryptocurrencies — bitcoin (BTC-USD) and ethereum (ETH-USD) — fell earlier this week amid an outright ban on cryptocurrency trading in China and indication of forthcoming regulations from the U.S. Securities Exchange Commission.  In general, ethereum prices tend to move in tandem with bitcoin. But the two coins are used for very different purposes that should be taken into account by investors, says Michael Sonnenshein, CEO of Grayscale Investments,… Source link

It has been a record-breaking year for new public company listings — including IPOs, direct listings and SPACs — with total U.S. issuance standing at $257 billion. Though most unicorns that grew up over the last decade have found their way to the public markets, a few large holdouts remain in the pipeline for the coming quarters. A new wrinkle is popping up as well, which potentially threatens to introduce delays. Only a day after the latest consumer-facing unicorn, Warby Parker (WRBY),… Source link

Sen. Joe Manchin says he will make a deal with his own Democratic party on a spending bill, but only if the Federal Reserve begins pulling back on its monetary stimulus to the economy. In a signed agreement with Senate Majority Leader Chuck Schumer (D-N.Y.), Manchin said he would only support a budget resolution with a top-line number of $1.5 trillion, with no funds in the new legislation disbursed until after all COVID-related federal spending is exhausted. Another condition: The “Federal… Source link

It’s time to push aside those high growth tech stocks you have been obsessed with these past five years and begin rotating into value names with an eye towards making large sums of money over the next decade. That’s basically the good word from investing pioneer Rob Arnott, founder and chairman of Research Affiliates (a sub-advisor of bond giant Pimco).  “The market is very fully priced…value stocks aren’t,” Arnott said on Yahoo Finance Live.  Arnott comes armed with his typically thorough… Source link

Google’s Pixel 6 phones. Google The Pixel 6 and Pixel 6… Source link

Major student loan servicer Navient (NAVI) is quitting the federal servicing business, the company announced Tuesday, handing off its 5.5 million borrowers holding about $280 billion in federal student loans to Maximus, another servicer. Advocates and progressive lawmakers led by Senator Elizabeth Warren (D-MA) heralded the move, in light of Navient’s troubled relationship with the federal government’s consumer protection bodies.  But the departure adds another challenge when the Education… Source link

Dale Smith/CNET Smart home tech from Google is all about fading into… Source link

Dale Smith/CNET Smart home tech from Google is all… Source link

Google urges EU court to scrap or cut record fine EU regulators say fine is significantly below cap LUXEMBOURG, Sept 30 (Reuters) – A 4.34 billion euro ($5 billion) European Union antitrust fine was based on flawed calculations, Alphabet’s (GOOGL.O) Google said on Thursday, urging Europe’s second-highest court to scrap or reduce what it said was not an appropriate penalty. Google was fined for using its Android mobile operating system to thwart rivals and cement its dominance in general… Source link

As regulators circle cryptocurrency, acting Comptroller of the Currency Michael Hsu warned that the U.S. could be heading for a new financial crisis if oversight over the industry isn’t tightened. “If the crypto industry doesn’t evolve or is more responsible, then we will be headed” for a potential rerun of 2008, Hsu told Yahoo Finance in an exclusive interview. The official is one of several crypto skeptics within the Biden administration who have taken more of a hardline on… Source link