This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Facebook (FB), the world’s largest social network with nearly 3 billion daily active users, is once again awash in controversy. But that won’t deter it from continuing to gain users or generating revenue. After a series of articles by The Wall Street Journal revealed Facebook was either… Source link

For many Americans, social security benefits are a major source of income after retirement. In 2021, an average of 65 million Americans will receive monthly social security benefit checks totaling over $1 trillion paid during the year, according to the Social Security Administration. fstop123 / Getty Images See: How Does Social Security Get Calculated?Find: 5 Social Security Benefits You Can Claim Online While the average retiree receives $1,557 per month in benefits, the maximum you can… Source link

If history is any guide, then investors shouldn’t sell all their stocks and move into cash and gold amid fear of another government shutdown.  “History shows that U.S. government shutdowns generally have not meaningfully impacted equity returns,” points out David Kostin, Goldman Sachs chief U.S. equity strategist, in new research. Kostin crunched the numbers, and they support his view.  The S&P 500 posted median returns of -0.1% on the dates of budget authority expiration, 0.1% during the… Source link

It’s on to Week 3, where football fans and daily fantasy football players will be treated to fresh storylines and some tasty matchups. Our Week 3 Yahoo DFS picks include a quarterback making his first start paired with his top wide receiver, an expensive running back, and some bargains at WR who are poised to pay off. One thing we won’t be treated to is access to Christian McCaffrey. The Panthers play the Texans on Thursday night, so he’s off the main slate…. Source link

Do a read through of the disappointing earnings report out of FedEx on Tuesday night and you get the sense non-farm payrolls reports for the rest of 2021 may surprise economists to the downside.  The problem (one that may be getting worse, per FedEx)? Finding humans to accept jobs in a very tight labor market even at higher rates than what the specific job would have paid months ago.  “The impact of constrained labor markets remains the biggest issue facing our business as with many other… Source link

Google will start giving users more information about who’s running the ads they see. The company’s “About this ad” menu will show basic information about advertisers, as well as any other ads they’ve run in the past 30 days. The goal is to help users better judge whether a given ad buyer is trustworthy, following criticism about scams on the platform. Google mentioned that more ad disclosures would be coming last year, when it started verifying the identities and locations of… Source link

When will the Federal Reserve start pulling back on its extraordinary monetary stimulus? That’s the major question that Fed watchers hope to get an answer for later this afternoon, when the Federal Open Market Committee releases its updated policy decision.  Chatter has been building within the central bank over slowing the pace of its asset purchases. Since the depths of the COVID-19 pandemic, the Fed has been absorbing about $120 billion a month in U.S. Treasuries and agency mortgage-backed… Source link

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Home sales in the U.S. cooled down in the final month of summer. Existing home sales fell 2% to a seasonally adjusted 5.88 million units in August from a month earlier, according to the National Association of Realtors (NAR). July sales were revised slightly upward to 6 million units. The results exceeded analyst expectations of a 1.7% decline, according to Bloomberg consensus estimates. The dip was expected since pending home sales — a leading indicator for actual sales — fell for two… Source link

Google Chrome has now amassed 2.65BN users worldwide and holds a 65% share of the web browser market. But dominance means attention from hackers and Google has now issued a new upgrade warning for all Chrome users worldwide.  Google has confirmed five new ‘High’ security threats have been found in Chrome LightRocket via Getty Images MORE FROM FORBESGoogle Reveals 2 New ‘Zero Day’ Flaws Fixed In Chrome 93By Gordon Kelly In an official blog post, Google has… Source link