Unlike other cryptocurrencies like bitcoin (BTC-USD) and Litecoin (LTC-USD), Dogecoin (DOGE-USD) has no legitimate use and was created as a joke, Ric Edelman, founder of Edelman Financial Engines, told Yahoo Finance Live. “I am strongly opposed to Dogecoin, Doggy-coin, because it was invented as a joke,” Edelman said. “It was not serious. It has no legitimate use-case. It is not something that I think is doing the crypto community any good in its efforts to generate credibility and… Source link

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners. If you’ve never built a budget before, the thought of tracking all of your expenses and sources of income can seem like an immense task. While the act of tracking your everyday expenses might seem tedious and hard to keep up with, there are a number of apps that make it… Source link

Associated Press Judge OKs Weinstein’s extradition for California rape case A New York judge on Tuesday approved disgraced movie mogul Harvey Weinstein’s extradition to California, where he faces additional sexual assault charges, ending a legal fight prolonged by the COVID-19 pandemic, the defense’s concerns about Weinstein’s failing health and a squabble over paperwork. Judge Kenneth Case said there was no reason to delay Weinstein’s transfer any longer, denying his lawyer’s request to keep… Source link

Hindenburg Research, an investment research firm with a focus in activist short-selling which also publishes reports on alleged fraud by other companies, has chosen DraftKings (DKNG) as its next target. Shares were down around 7% after Hindenburg announced that it would be taking a short position on the American sports betting operator. “This report is written by someone who is short on DraftKings stock with an incentive to drive down the share price,” a statement Yahoo Finance received… Source link

The Federal Reserve had hoped for a string of strong jobs reports showing a pace of 1 million monthly job gains. Instead, the Fed received larger-than-expected readings on inflation. For a central bank that has reiterated its higher bar for pulling its monetary stimulus, recent data points could test the resolve of policymakers with regard to its quantitative easing program. Since the Fed’s last policy-setting meeting in May, several Fed officials voiced interest in taking the first step… Source link

Online platforms underpinning the dominance of Apple and Google will come under scrutiny in the U.K. from a regulator with a record of securing changes from Big Tech. The Competition and Markets Authority, or CMA, announced on Tuesday that it had opened a study into the “effective duopoly” that Google GOOGL, -0.84% — owned by Alphabet — as well as Apple AAPL, -0.64% have over the major gateways to the internet. … Source link

Milo Golding of Kentucky created Finding Hope, the winning entry in the 2021 Doodle for Google contest. Milo Golding … Source link

The data is in, and it says stock buybacks are back in a big way as companies seek out ways to keep their stock prices at elevated levels.  First quarter stock repurchases clocked in at $178.1 billion among S&P 500 companies, up 36.5% from the fourth quarter of 2020, according to new data out Tuesday from S&P Global. Buybacks were up 100.9% from the second quarter 2020 pandemic low of $88.7 billion.  Stock buybacks have the effect of lowering the number of shares outstanding for companies…. Source link

Fantasy baseball managers are not created equal. We all have our tendencies, and we all have our faults. Figuring out the tendencies of specific managers in your league can sometimes lead to making great trades. Here are some managers to look for. The “Home Team” Manager If possible, find out who the other managers in your league cheer for. Some of them will not favor their hometown heroes. For example, I’ve found over the years that I tend to be more critical of Blue Jays (my hometown… Source link

Secretary of Homeland Security Alejandro Mayorkas is doubling down on Vice President Kamala Harris’s message last week to the people of Central America — “Do not come” — while casting it as a “humanitarian” plea. “Children and families don’t need to put their hands, their lives, their life savings in the grasp of smugglers and traffickers,” Mayorkas said during an interview with Yahoo News when asked about Harris’s comments, which drew criticism from progressives such as… Source link