The clearest sign that the leisure and hospitality labor shortage isn’t yet easing — at least in the short term — is the rise in employee wages. As vaccination rates climb and more Americans dine out, restaurants can’t find enough cooks, waiters, and dishwashers to keep up with demand. Restaurants “have no choice” but to raise wages, BTIG Managing Director Peter Saleh told Yahoo Finance Live this week. “They need to increase benefits to attract employees or else they can’t serve… Source link

On the morning of Tuesday, July 20, former Amazon (AMZN) CEO Jeff Bezos, along with passengers Mark Bezos, Wally Funk, and Oliver Daemen, took to the skies and beyond aboard Blue Origin’s New Shepard suborbital launch vehicle. Bezos’ maiden voyage came just over a week after English business magnate and founder of the Virgin Group (VGII) Sir Richard Branson’s July 11 spaceflight aboard Virgin Galactic’s (SPCE) VSS Unity spacecraft. VAN HORN, TEXAS – JULY 20: The New Shepard Blue Origin… Source link

Moderna (MRNA) is set to join the S&P 500 index on Wednesday, replacing Alexion Pharmaceuticals Inc. (ALXN). The stock has soared amid the pandemic after its vaccine became instrumental in the fight against coronavirus. Moderna stock has “taken on a life of its own,” Michael Yee, Managing Director and Senior Research Analyst at Jefferies, told Yahoo Finance (video above). “It’s priced in a huge amount of assumptions over the next ten years that haven’t played out yet. People believe… Source link

BASKING RIDGE, N.J. – Verizon announced a collaboration with Google to expand advanced messaging services to Android users in the U.S. starting next year using the Messages by Google app. The service is based on the Rich Communications Service (RCS) standard, which provides a more interactive and modern messaging experience right from Messages by Google. “Our customers depend on us to provide a reliable, advanced and simple messaging platform to stay in touch with the people that matter the… Source link

All the sessions from Transform 2021 are available on-demand now. Watch now. Google today unveiled a slew of new security solutions for protecting its cloud. The announcements — made during the company’s Security Summit — include a new intrusion detection system, multiple integrations, and an autonomic security operations stack. Additionally, Google Cloud also announced it’s expanding the availability of its Risk Protection Program. During a news conference and in a blog… Source link

A likely summer of concerning COVID-19 Delta variant headlines sets the stage for an ugly stock market in the near-term, said Keith Lerner, Truist Advisory Services’ chief markets strategist.  “Our view is we’re seeing another corrective period within a bull market trend,” Lerner said in a note to clients after Monday’s brutal start to trading. “While the Delta variant complicates the near-term picture, and is likely to lead to a continuation of sloppy trading through the seasonally-weak… Source link

Google TV, the new smart TV interface that debuted on Google’s most recent Chromecast, appears to be getting a small but important tweak for its “Continue watching” row. Over on Reddit (via 9to5Google) user u/Alfatango97 has spotted a new option to manually hide entries from the row, which is designed to let viewers quickly jump back into unfinished TV shows or films. When it works, the Continue watching row is a convenient way pick up from where viewing was interrupted. But… 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, July 20, 2021 The stay-at-home trades comes back to life Stocks did not have a good start to the week.  On Monday all three major averages fell more than 1%, with the blue chip Dow Jones Industrial Average (^DJI) losing more than 2%. And while these declines mean the S&P 500 (^GSPC) is only 2.5% from its record, underneath the surface of… Source link

A selection of online dating app logos are seen on a mobile phone screen. Google searches for “dating” have jumped to a 5-year high. Leon Neal/Getty Images hide caption toggle caption Leon Neal/Getty Images … Source link

For bitcoin, a stronger dollar outlook means more people will likely prefer to hold the buck, said one analyst. Photo: AP Bitcoin fell to a 6-month low on Tuesday, breaking a key support level of $30,000. Cryptocurrencies were broadly under pressure on Tuesday morning amid a market sell-off. Analysts said a strengthening dollar and a global move to de-risk investments was hitting the asset class. Bitcoin (BTC-USD) was down about 5.6% to trade at $29,834 (£21,832) on Tuesday morning in London…. Source link