Mohamed El-Erian says the Fed’s inflation screwup will ‘go down in history’ — but he’s using these 3 stocks to take advantage If a prominent economist is right, the Federal Reserve’s reaction to skyrocketing inflation is “going to go down in history as one of the worst inflation calls.” The Fed has said for months that inflation is a “transitory” trend triggered by the COVID-19 pandemic. Mohamed El-Erian, chief economic adviser at asset management firm Allianz SE, doesn’t… Source link

JPMorgan says this cryptocurrency is a better buy than Bitcoin as interest rates rise — here are 3 easy ways to invest Bitcoin may gobble up most of the headlines, but America’s biggest bank says Ethereum, the world’s second-most valuable cryptocurrency, might be the better bet as interest rates start climbing. In a recent report, analysts at JPMorgan state that Ethereum’s growing number of uses — peer-to-peer lending, NFTs, gaming, stablecoins — should help it maintain its value… Source link

What’s your favorite Thanksgiving dish? Are you a pecan pie fan? What about mashed potatoes or stuffing?  Depending on your pick, you might not be alone in your state or across the country. Google shared a list of uniquely searched Thanksgiving 2021 casseroles by state with USA TODAY.   The map shows dishes that were over-represented in a state compared to the country as a whole. It includes searches from Nov. 11 to Nov. 16, as Americans from coast to coast prepped for their… Source link

Google has partnered with notable Black entertainers and businesses across the country to reimagine Black Friday as “Black-owned Friday.” It’s the second year the tech giant has partnered with the U.S. Black Chambers, Inc. to do such a campaign. This year, 55 businesses are involved and can be shopped in an interactive Black-Owned Friday film, soundtracked by a new song from T-Pain and Normani. While watching the film, which can be seen here, or on YouTube, items that appear to be the… Source link

Sundar Pichai, CEO of Google Anindito Mukherjee | Bloomberg | Getty Images Several hundred Google employees have signed and circulated a manifesto opposing the company’s vaccine mandate, posing the latest challenge for leadership as it approaches key deadlines for returning workers to offices in person. The Biden administration has ordered U.S. companies with 100 or more workers to ensure their employees are fully vaccinated or regularly tested for Covid-19 by Jan. 4. In response, Google has… Source link

Zoom (ZM) shares are sinking 17% on Tuesday, despite a better-than-expected quarter on the top and bottom line. The video conferencing company’s stock is under pressure amid fears of a slowdown in virtual meetings as the pandemic eases. “It’s a little bit too much overblown in our view,” said James Fish, senior research analyst at Piper Sandler. The analyst has a $299 price target on the stock. “Just look at Enterprise, which grew 65% on its own, and Commercial Fees, which are still growing at… Source link

U.S. financial regulators on Tuesday released an inter-agency policy agenda for regulating cryptocurrencies, as discussions unfold about how to provide oversight for the booming market. The so-called “crypto sprint,” as officials call it, sketches out a to-do list for 2022 that will offer crypto players more clarity on the rules of the road. It summarizes plans by the Federal Reserve, Federal Deposit Insurance Corp (FDIC) and Office of the Comptroller of the Currency (OCC) for which… Source link

(Bloomberg) — Plans for a $1 billion Bitcoin bond in El Salvador sent the nation’s dollar-denominated bonds to an all-time low. Most Read from Bloomberg El Salvador’s dollar denominated notes due in 2050 slumped to 63.4 cents on the U.S. dollar on Tuesday, the lowest on record. The Central American country’s debt has been among the world’s worst performers so far this week as investors consider whether President Nayib Bukele’s plan to sell sovereign Bitcoin bonds closes the door on… Source link

The war of words between Binance founder and CEO Changpeng Zhao and Tesla CEO Elon Musk is heating up. Musk tweeted at Zhao on Tuesday after the cryptocurrency exchange limited withdrawals of dogecoin. “Well, I don’t intend to be sassy on Twitter… In his tweet he said I am shady,” said Zhao, known as CZ in crypto circles, on Yahoo Finance Live, when asked about the recent Twitter exchange.  “I am not aggressive by nature, but not submissive or cowardly when it comes to defending our… Source link

If the coronavirus pandemic has shown public health professionals anything, it’s that no one can predict what’s to come next. “You learn really quickly that none of us are soothsayers,” Dr. James Simmons, a Los Angeles-based hospitalist nurse practitioner, said on Yahoo Finance Live (video above). “You don’t want to be a future teller. Who knows what the future is going to happen? I really point to the Delta variant as a big example of how a lot of places thought we were done with… Source link