(Bloomberg) — A summer resurgence of the pandemic stoked by the spread of the delta variant is raising alarms, sparking a global stocks selloff. The U.S. warned citizens against travel to the U.K. and Indonesia amid rising infections in the two nations. Singapore will re-tighten restrictions on dining-in and social gatherings amid a record number of daily cases. Half of Australia’s population is back in lockdown after South Australia state joined Victoria and New South Wales in ordering… Source link

Bitcoin dropped below $30,000, breaking below a trading range that had held for the past four weeks and potentially setting up the largest cryptocurrency for deeper price declines. The cryptocurrency was trading around $29,998 at press time and is down about 5% over the past week. Bitcoin has been locked in the broad price range of $30,000 to $40,000 since mid-May, and briefly broke below the $30,000 mark on June 22. The cryptocurrency fleetingly traded at $29,700 a day after the People’s… Source link

Will they or won’t they support Google’s new app bundles?Image: Microsoft Amazon has officially confirmed that it is working on supporting the new Android App Bundle format mandated by Google, resolving the will-they-or-won’t-they question. It’s not entirely clear if this means you’ll be able to sideload Android apps of all types in Windows 11, which will let you run Android apps on a PC, but it does offer a bit of hope on the horizon for cross-compatibility. Amazon published the… Source link

The market tumbles — is this the crash Suze Orman warned about? The U.S. stock market took a gut-wrenching dive on Monday, but the big worry for investors is what still lies ahead. All three major indexes took a tumble over fears that the delta variant of COVID-19 could threaten the global recovery. The Dow Jones Industrial Average suffered its biggest drop of the year, falling 2.1%, while the S&P 500 fell 1.6% and the Nasdaq 1.1%. Some analysts are already worried this could be the beginning… Source link

Stock market futures rose in Monday’s after-hours session, indicating Wall Street would open higher on Tuesday, after rising COVID-19 infections reasserted themselves and ricocheted across markets. During Monday’s session, major benchmarks suffered their worst declines of 2021, overwhelming quarterly earnings that have almost uniformly reflected a strong rebound. The rising case count driven by the Delta variant — a more communicable form of COVID-19 — pushed the Nasdaq and S&P 500 to… Source link

(Bloomberg) — Someday, the post-pandemic equities rally is going to end. When it does it will take a lot of newly christened stock bulls with it. Their refusal to bend has been the signature fact of the stock market for at least 12 months, putting a floor under four other selloffs in 2021 alone that look just like the one that has sheared almost 3% off the S&P 500 Index since Thursday. Whether the devotion of retail investors is enough to turn the tide again is the biggest question in… Source link

The Big 12 as a whole is inheriting an abundance of talent throughout the conference via the transfer portal. With the rule of having to sit out after transferring now abolished, along with the extra year of eligibility due to COVID-19, teams throughout the nation are seeking transfers that can come in and make an immediate impact for their program. Texas, under a new coaching staff, is one of those schools that has relied heavily on the portal to address team needs. The Longhorns have taken… Source link

Error mitigation is perhaps the biggest challenge and barrier to implementing practical quantum computing in the era of noisy intermediate scale quantum (NISQ) computers. Last week, Google reported promising use of so-called “stabilizer code” on its 54-qubit Sycamore quantum processor to suppress errors. The recent work, published in Nature Communications, reduced the number of errors requiring correction 100-fold per round, reported Google researchers. There’s a good account,… Source link

As we approach the release of Google and Samsung’s joint smartwatch operating system later this year, Google today outlined some new Play Store improvements that will make it easier for customers to find and download apps to their Wear OS devices. The company is making it faster to search for smartwatch apps on your Android phone and instantly install them. There are new filters that are activated when you include “watch” or “watch face” in your Play Store search query. Based… Source link

WASHINGTON, July 19 (Reuters) – The United States and Germany are expected to announce a deal resolving their longstanding dispute over Russia’s $11 billion Nord Stream 2 natural gas pipeline in coming days, sources familiar with the matter said on Monday. U.S. President Joe Biden and German Chancellor Angela Merkel failed to settle their differences over the undersea pipeline when they met last week, but agreed Moscow must not be allowed to use energy as a weapon against its neighbors. A deal… Source link