Stock futures sank Tuesday morning, with technology stocks leading the way lower as investors nervously eyed a swift rise in U.S. Treasury yields.  Futures on the Nasdaq, a proxy for technology and growth stocks, underperformed against the other two major stock indexes, dropping 1.5% ahead of the opening bell.  The rapid rotation away from growth and technology stocks came as Treasury yields added to recent gains. The yield on the benchmark 10-year note jumped more than 5 basis points to top… Source link

Google says deals boosted competition EU regulators say Google actions went beyond the necessary Case is most important of three EU decisions against Google LUXEMBOURG, Sept 28 (Reuters) – Alphabet (GOOGL.O) unit Google on Tuesday said deals with Android phone makers that landed it a record 4.3-billion-euro ($5 billion) antitrust fine boosted competition and rejected EU charges they were a carrot-and-stick tactic that stifled rivals. Google was addressing the second day of a week-long hearing as… 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 28, 2021 High demand + bottlenecked supply + spiking prices = no relief  The economy is still growing — albeit a touch more slowly. And while sentiment indicators suggest otherwise, the consumer still appears more than willing to spend in the face of rising inflation and raging COVID-19 infections. According to Kenneth Leon,… Source link

Petrol prices have forced the government to resort to extreme measures. Photo: Getty Energy markets have stayed in focus as the most volatile factor in markets on Tuesday in London, as the price of oil per barrel headed above $80 for the first time in around three years.  Brent Crude (BZ=F) was 1% higher, to trade at $80.34 (£58.75) at the opening bell in London. Crude (CL=F) was also up around 1% to trade at $76.27.  The fuel supply crisis has forced the UK government to draft in the army… Source link

Launched in 1997, Yahoo! Mail is an email service by an American company named Yahoo that offers different email plans ranging from personal use to business-related work. While Yahoo mail might have lost its grip on the market after the emergence of Google, it still has a userbase of 225 million, approximately. In order to use Yahoo mail, you need a Yahoo Mail account. The Yahoo account can be accessed from mobile devices or through a web browser on any computer or device. While logging in… Source link

The Google sign is shown on one of the company’s office buildings in Irvine, California, U.S., October 20, 2020. REUTERS/Mike Blake/File Photo SYDNEY, Sept 28 (Reuters) – Australia’s antitrust regulator said on Tuesday it needed more powers to combat significant competition concerns in advertising technology, a market dominated by Alphabet Inc (GOOGL.O) unit Google. read more The stance could set up another clash between policymakers and the U.S. search engine leader after the same… Source link

The brand logo of Alphabet Inc’s Google is seen outside its office in Beijing, China August 8, 2018. Picture taken with a fisheye lens. REUTERS/Thomas Peter/File Photo SYDNEY, Sept 28 (Reuters) – Australia’s antitrust watchdog said it wants the power to curb Google’s use of internet data to sell targeted ads, saying the Big Tech firm dominated the market to the point of harming publishers, advertisers and consumers. The comments, in a report published Tuesday, set up another possible showdown… Source link

This police camera video provided by The Moab Police Department shows Brian Laundrie talking to a police officer after police pulled over the van he was traveling in with his girlfriend, Gabrielle “Gabby” Petito, near the entrance to Arches National Park on Aug. 12, 2021. The couple was pulled over while they were having an emotional fight. Petito was reported missing by her family a month later and is now the subject of a nationwide search. The Moab Police Department via AP Aan attorney… Source link

By Jonathan Stempel NEW YORK, Sept 27 (Reuters) – A U.S. judge on Monday dismissed a lawsuit accusing Tilray Inc , the world’s largest cannabis producer by sales, of fraudulently overstating the value of a marketing and revenue-sharing agreement with Authentic Brands Group Inc. U.S. District Judge Paul Crotty in Manhattan said shareholders failed to show that the Canadian company exhibited “conscious misbehavior or recklessness” in trumpeting the agreement, when it knew that regulatory… Source link

Saying Ford is driving head on into a future of electric vehicles may be an understatement. Think more along the line of hauling a-–.  The Detroit-based auto giant said Monday it will partner with SK Innovation to invest $11.4 billion to construct two “mega-sites” — one in Tennessee and the other in Kentucky — that will build electric trucks and batteries. Ford’s portion of the investment — $7 billion — is the largest manufacturing investment in the company’s 118-year-old… Source link