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

(Bloomberg) — Robinhood Markets Inc. and Citadel Securities responded to renewed criticism of their actions during January’s meme-stock frenzy, after retail investors filed a class-action lawsuit last week. Most Read from Bloomberg Citadel Securities, whose founder Ken Griffin testified about the episode during a February congressional hearing, fired off a series of tweets late Monday denying allegations that it pressured Robinhood to restrict trading. Robinhood, led by Chief Executive… Source link

As the buy now, pay later (BNPL) market heats up, Mastercard (MA) is jumping into the fray with a new product offering. The credit card giant announced on Tuesday “Mastercard Installments” for U.S., Australian, and UK markets, offering consumers a 0% interest, pay-in-four-installments model that’s similar to the rest of the BNPL players in the industry.  As more established companies like Mastercard get into this space, by launching new products, through partnerships, or via acquisitions, “we… Source link

Investors clearly want to stay believers in the buy-the-dip strategy that has worked so well, for so long.  With stocks catching a surprise downdraft last week on Evergrande and debt ceiling concerns — which included the S&P 500 dipping below the key 50-day moving average —investors stepped up and bought big, according to new data out of BofA Securities.  BofA said its clients were “big net buyers” of U.S. equities last week, scooping up $5.9 billion worth of stocks. It marked the third… Source link

Credit: Microsoft In June this year, Microsoft officials announced their plans to redo the Microsoft Store and make it available to both Windows 11 and Windows 10 users starting this fall. Today, September 28, Microsoft execs added a few new details to the new Store rollout plan, including… Source link

The United States Congress has a deadline on paying its bills: October 18, 2021. Secretary of the Treasury Janet Yellen said that if Congress does not raise the debt ceiling, the Treasury will run out of emergency funds to pay U.S. debt holders by that date. “Failing to increase the debt limit would have catastrophic economic consequences,” Yellen told the Senate Banking Committee on Tuesday. In August, a statutory limit on federal debt — called the debt ceiling — was reinstated,… Source link