Unlike crypto critics who attack bitcoin and other cryptocurrencies for being too volatile, the Federal Reserve is increasingly sounding the alarm over investigating the coins that set out to be far more boring: stablecoins. As their name suggests, stablecoins are cryptocurrencies that set out to remain stable over their lifetimes and try to maintain a value as close to $1 (or other base currencies) as possible. Tether, the largest stablecoin in the world with a market cap of more than $60… Source link

Russian search platform Yandex has signed up for wind power at its Mäntsälä data center in Finland. The company has signed a five-year power purchase agreement (PPA) with Finland’s Ilmatar Energy for energy from wind farms. From January 1, 2022, it will provide enough energy to power the Mäntsälä data center. The agreement is the headline news from the company’s first Sustainability Report, published this week. … Source link

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that ‘Volatility is far from synonymous with risk.’ So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. We note that Yandex N.V. (NASDAQ:YNDX) does have debt on its balance sheet. But the real question is whether this debt is making the company risky. When Is Debt… Source link

WASHINGTON — Washington is abuzz with an ambitious new antitrust effort to rein in the power of tech industry power players like Apple, Amazon, Google, and Facebook — and the effort could limit their ascent in the health care industry. Tech companies are already major players in the health care space — think Amazon’s decision to launch its own pharmacy, or Google’s acquisition of Fitbit — and they have their sights set even bigger. If major antitrust reform passes, it could… Source link

Company Achieved Record-High Monthly and Quarterly Deliveries NIO delivered 8,083 vehicles in June 2021, increasing by 116.1% year-over-year NIO delivered 21,896 vehicles in the three months ended June 2021, increasing by 111.9% year-over-year Cumulative deliveries of the ES8, ES6 and EC6 as of June 30, 2021 reached 117,597 SHANGHAI, China, July 01, 2021 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer and a leading manufacturer of premium smart electric… Source link

Google and Facebook logos and Australian flag are displayed in this illustration taken, February 18, 2021. REUTERS/Dado Ruvic/File Photo July 1 (Reuters) – Australia’s competition watchdog said on Thursday it issued draft proposals to authorise regional newspaper industry group, Country Press Australia, to negotiate with Google and Facebook for payments for news content on their platforms. Country Press Australia (CPA) is seeking authorisation to allow its members to hammer out a payments deal… Source link

Google is opening up Android’s built-in passes system to let Android users store a digital vaccine card, which it calls a COVID Card, on their phone. The feature will initially roll out in the US, and it will rely on support from healthcare providers, local governments, or other organizations authorized to distribute COVID vaccines. The feature will also support storing COVID test results. For vaccinations, your COVID Card will show info on when you were vaccinated and which vaccine you… Source link

To the Editor: “Google Dominates a Hidden Market With No Rules,” by Dina Srinivasan (Opinion guest essay, June 25), makes claims about our advertising technology business that we strongly disagree with. Independent reports show that the fees we charge our partners are lower than the industry average. In fact, the 100 largest news publishers — many of which have in-house sales teams that perform many of the functions provided by Google’s ad sales, exchange and brokerage operations —… Source link

Warning: The following article contains graphic allegations of domestic violence and sexual assault. This post has been updated with a response from Bauer’s representatives. One day after news broke that Los Angeles Dodgers pitcher Trevor Bauer had been accused of assault, details of his accuser’s account of their interactions has surfaced. A temporary ex parte restraining order filed against Bauer and executed on Monday was obtained by The Athletic’s Brittany Ghiroli and Katie Strang. The… Source link

Stock futures opened slightly higher Wednesday evening, adding to gains after the major equity indexes closed out a strong second quarter and first half of the year. Contracts on the S&P 500 edged higher after the index logged yet another record closing high during the regular trading day. The blue-chip index has gained 14.4% for the year to date, and ended June with a more than 2% gain for a fifth straight monthly rise. A batch of strong economic data helped propel equities higher during… Source link