Hedge fund manager Mark Spitznagel, the founder of $11 billion “Black Swan” hedge fund Universa Investments, says investors have been getting risk mitigation wrong from the start. “Our goals are even wrong. And really, we have Modern Portfolio Theory to thank us for this. But it’s just kind of a heuristic of investing that you need to take more risk in order to get higher returns, in order to get more wealth at the end of the day. And as you take less risk, your returns are going to go down,”… Source link

Apple and Google hired a bevy of lobbyists in Arizona in early 2021 to kill legislation that would have slashed the profits the companies make through their app stores.  Rep. Regina Cobb was subjected to a flood of text messages and phone calls from those lobbyists in February when she authored an amendment that would have barred Apple and Google from forcing developers to route all in-app payments through their platforms — a policy that lets the tech… Source link

Pfizer (PFE) and its partner BioNTech (BNTX) recently got FDA full approval for the most widely-approved and sought after COVID-19 vaccine in the world, to date. It signals an important change in how vaccines of the future could look, according to Arnaud Bernaert, formerly head of Global Health and Healthcare at the World Economic Forum. Bernaert, now head of Health Security Solutions at Swiss-based SICPA, told Yahoo Finance, “I think it’s game over. I think it’s mRNA or nothing. [Other… Source link

This morning In the Know, a Yahoo title geared toward Gen Z and millennial audiences, announced the debut of its third section, In the Know Style, a fashion and beauty vertical that will feature original shoppable content. … Source link

Russia’s President Vladimir Putin (R) and Yandex CEO Arkady Volozh TASS via Getty Images Billionaire Arkady Volozh, founder and CEO of Russian search engine Yandex, plans to challenge a ruling last week from an arbitration court in Moscow, which bans Yandex from showing results for the term “Smart Voting,” following a complaint from the Russian Federation. The term in question–Smart Voting–is part of an effort by the Russian opposition that has formed around the… Source link

You should clear your Google search history both from your Google Account and on various web browsers. You can quickly clear your Google search history from desktop browsers as well as from a mobile device with these steps. By adjusting the settings of your Google account, you can dictate what type of search data Google will maintain in the first place. When you delete your Google search history, you remove all sorts of information that could potentially be used by shady characters…. Source link

Investors are nibbling at Apple (AAPL) ahead of potentially big September. Apple shares were among the top trending tickers on the Yahoo Finance platform on Tuesday, notching a gain of about 2% by afternoon trading. The stock has rallied to the tune of 7% in the past month, almost double the Nasdaq Composite. Apple’s stock is the second-best performing member of the FAANG [Facebook (FB), Apple, Amazon (AMZN), Netflix (NFLX), Google (GOOG, GOOGL)] cohort in the last month, only lagging an… Source link

A new analysis by the New York Times revealed the extent of the high energy consumption mining Bitcoin entails. The process of mining Bitcoin, in which complex math algorithms must be solved to create and award new Bitcoin, is a highly energy-intensive process. Each year, mining Bitcoin is responsible for the consumption of about 91 terawatt-hours of electricity, which is more than the entire annual electricity use of Finland. This constitutes about 0.5 percent total global electricity… Source link

Cathie Wood tells Yahoo Finance Live that just like baby boomers have heavily influenced the stock market for decades, their children — aka millennials — will be equally if not more important to the investing landscape in the decades to come. And that is one reason why the closely followed Ark Invest founder and CEO is staying long-term bullish on stocks.  “This is the echo of the baby boom,” said Wood on the rise of millennial investors, notably in 2021. Wood referenced research that… Source link

Russian opposition leader Alexei Navalny delivers a speech during a rally to demand the release of jailed protesters, who were detained during opposition demonstrations for fair elections, in Moscow, Russia September 29, 2019. REUTERS/Shamil Zhumatov MOSCOW, Sept 7 (Reuters) – Russian tech firm Yandex (YNDX.O) said on Tuesday it had removed jailed Kremlin critic Alexei Navalny’s tactical voting website from its search engine to comply with a government ban ahead of a parliamentary election… Source link