Stock futures opened higher Thursday evening as investors looked ahead to a key report on the U.S. labor market recovery at the end of a volatile week. Contracts on the S&P 500, Dow and Nasdaq gained as the overnight session began.   On Friday, investors are set to receive the Labor Department’s December jobs report, providing an update on the extent to which labor supply shortages were still impacting the economy at the end of last year. Economists expect to see more than 400,000 non-farm… Source link

GameStop’s (GME) stock surged as much as 30% in after hours after a report that the video game retailer is launching a marketplace for non-fungible tokens (NFTs), a move which had been telegraphed last year.  GameStop is also reportedly creating partnerships with two crypto companies to “share technology and co-invest in the development of games that use blockchain and NFT technology, as well as other NFT-related projects,” according to people familiar with the plans who spoke to the… Source link

OAKLAND, Calif. — Google infringed on five audio technology patents held by the speaker manufacturer Sonos and is not allowed to import products that violate Sonos’s intellectual property into the United States, a trade court ruled on Thursday. The final ruling by the United States International Trade Commission, a quasi-judicial body that decides trade cases and can block the import of goods that violate patents, closes a two-year investigation into the intellectual-property dispute.

A French regulator fined Alphabet Inc.’s Google $169 million and Meta Platforms Inc.’s Facebook $67 million, saying the companies made it too difficult for users to reject cookies, the identifiers used to track their data. Facebook and Google required several steps to reject cookies used to track their data on YouTube, Facebook and Google, leading users to accept the technology because doing so required just one click, said… Source link

It’s been a bad start of the year for Bitcoin (BTC-USD), and 2022 could bring in a bit more pain.   While some bulls continue to forecast $100,000, one strategist doesn’t see that happening this year – or next. “Long term, I love cryptocurrency, I love Bitcoin. But the charts — and I’m a technician — are just not showing that,” Gareth Soloway, president and CFO of InTheMoneyStocks.com told Yahoo Finance Live. “Bitcoin for me, has a nasty head-and-shoulders pattern on it. Believe or not,… Source link

LONDON — French regulators on Thursday fined Google and Facebook a total of more than 200 million euros ($226 million) for not making it as easy for people to opt out of online tracking as it is for them to accept it. The CNIL data privacy watchdog said its investigations found that while the U.S. online giants gave French users a single button to immediately accept cookies, there wasn’t an equally simple way for them to decline because “several clicks are required to refuse all… Source link

Dive Brief: Yahoo is partnering with e-commerce platform MikMak to offer add-to-cart functionality and analytics for advertising campaigns on its properties, including Yahoo Finance, TechCrunch and AOL, according to an announcement. CPG advertisers can now offer consumers a multi-retailer checkout experience directly from their ads on Yahoo, allowing website users to buy from their preferred source. The deal also gives brands access to MikMak Insights to assess… Source link

With shares of newly minted IPO Allbirds (BIRD) down a whopping 50% from their highs on Nov. 3, Morgan Stanley says it’s time to go shopping for the stock.  “Valuation appears compelling, at ~4 times consensus 2023 estimated EV/Sales compared to its ~10 times post-IPO high and peers with comparable revenue growth at 5 times plus. Tempered valuation makes for an attractive entry point, particularly as an opportunity for BIRD [exists] to accelerate revenue growth to 28% in 2022 estimated from… Source link

With choppiness creeping back into the markets after a strong uptrend to round out 2021, there is one question you should probably ask your financial advisor before January ends.  “I think the biggest question we are getting is how are you handling the volatility we are currently seeing in the markets,” ShoreHaven Wealth Partners founding partner Michael Durso said on Yahoo Finance Live.  Judging by the market action to kick off 2022, most traders are being caught asleep at the wheel.  After… Source link

If the Federal Reserve is too heavy-handed with its interest rate hikes this year as a means to stomp out high rates of inflation, there is one critical risk that most investors probably aren’t factoring in.  Recession.  “That is the risk [of a recession in 2023],” said Mohamed El-Erian, Queens’ College, Cambridge University president and Allianz advisor, on Yahoo Finance Live. “We haven’t had a situation in the past in which the Fed has been really late [with rate hikes] and the Fed hasn’t… Source link