When the monthly Child Tax Credit payments start this week, the Meyette family of Fontana, California, will see their household income increase by 25% — a much-needed boost at this time. Erica Meyette recently underwent surgery and her husband Jonathan, who is the sole breadwinner, missed two weeks of work to care for her. The $600 the family will get for their two daughters will go to expenses, savings, and any medical debt they incur. “So $600 a month is an increase of big proportions… Source link

Federal Reserve Chairman Jerome Powell on Wednesday downplayed the recent string of high readings of inflation, telling Congress that price pressures will still likely abate. On Tuesday, figures from the Bureau of Labor Statistics showed the Consumer Price Index increasing by 5.4% on a year-over-year basis in June, the fastest pace since August 2008. A read on producers also showed prices accelerating to the largest annual increase in over a decade, testing the Fed on its commitment to only… Source link

Google Photos is trying out an entirely new feature that could change the way we share photos and video. Google Photos is considering a new way of sharing photos and videos. GOOGLE MORE FROM FORBESApple Reveals Ground-Breaking New iPhone TechnologyBy Paul Monckton Thanks to some typically revealing forensic work from software sleuth Jane Manchun Wong, we can now see a new “Ask Friends For Photos” feature currently lying dormant within the Google Photos app, as revealed in the… Source link

Wednesday, July 14, 2021 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 Amazon (AMZN) founder Jeff Bezos will launch Tuesday from a remote area of west Texas on his Blue Origin rocket, becoming the second billionaire this month to leave the Earth, albeit briefly. Bezos’ July 20 flight on the New Shepard spacecraft will come less than two… Source link

As the cameras panned in and out of commercial breaks during Game 3 of the NBA Finals on July 11, ESPN was still advertising something — just not a product. Instead, the cameras focused on a neighborhood filled with Milwaukee Bucks fans gathered for a watch party reminiscent of a European soccer crowd. “I think in our wildest dreams, we couldn’t imagine that we have more people outside than we’d have inside,” Bucks and Fiserv Forum President Peter Feigin told Yahoo Finance Live on… Source link

Google and other Big Tech companies face challenges in every legal sphere, from the U.S. Congress and state legislatures to federal and state courts and authorities in foreign jurisdictions. Most critics of Google, Facebook, Twitter, Amazon, and other tech giants focus on the companies’ market conduct and argue that their operations are anti-competitive and monopolistic. The Federal Trade Commission and state attorneys general have brought antitrust litigation against these… Source link

Where you go, Google knows. Here’s how to stop it from knowing where you are all the time.  Getty Images You turned… Source link

Several prominent Democratic lawmakers are asking the Education Department (ED) about student debt collection practices in the face of a potential wave of student loan defaults when the pandemic payment pause expires, Yahoo Finance has learned. “With student loan and interest payments scheduled to resume on October 1, 2021, and a wave of loan delinquencies and defaults likely to follow, we are concerned about the Department resuming these payment collections and are seeking information about… Source link

The U.S. men’s national basketball team got a reality check on the road to Olympic gold this week, losing two consecutive exhibition games against Nigeria and Australia. But for Mark Tatum, the deputy commissioner and chief operating officer of the NBA, those defeats marked a victory of sorts, in the league’s decades long quest to internationalize the game of basketball. “The world is getting better, and I think that makes basketball a much more attractive game for the world to… Source link

The meme stock craze has cooled off — at least temporarily. Over the past week, favored equities GameStop (GME) and AMC (AMC) have plummeted, dropping about 10% and 21% respectively.  The decline affirms the fears of observers who had warned that a pullback was likely for shares elevated by what some consider speculative trading.  In a new interview, Franklin Templeton (BEN) CEO Jenny Johnson — whose investment firm manages more than $1.5 trillion in assets — criticized the trading as… Source link