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SAN JOSE, CALIFORNIA – MAY 4: Theranos founder Elizabeth Holmes leaves the Robert F. Peckham Federal Building with her defense team in downtown San Jose, Calif., on Tuesday, May 4, 2021. (Photo by Nhat V. Meyer/MediaNews Group/Mercury News via Getty Images) A federal judge on Wednesday denied a request from former Theranos CEO Elizabeth Holmes to keep customer complaints, test results, and a regulatory report out of her upcoming criminal fraud trial connected to her failed blood-testing… Source link

Bitcoin (BTC-USD) — the world’s first digital currency — has been a hot topic in financial circles for at least the last few years, and arguably needs no introduction. Surveys suggest a majority of Americans have at least heard of it. In layman’s terms, Bitcoin is a virtual currency (aka cryptocurrency) which can be exchanged through online transactions, and is stored on a digital ledger. Once trading for pennies on the dollar, one unit now costs nearly $40,000 with a market… Source link

The upward movement we’re seeing in prices is not transitory and big tech will suffer from it, says one financial adviser.  “Wages are going up and typically what happens is they just don’t go down over time. So they don’t temporarily go up and go back down,” Chris Payne of Payne Capital Management told Yahoo Finance Live. “Even if you’re going out to the grocery store, things are just more expensive. So not only do I think inflation is not transitory, I think it’s here to stay. And I… Source link

With the 7-day average of COVID-19 deaths in the U.S. currently at 350 and rising, public health experts are arguing that recent deaths were largely avoidable due to widespread availability of effective vaccines. “For me as a physician, this is a national tragedy,” University of Alabama at Birmingham Associate Dean for Global Health Dr. Michael Saag said on Yahoo Finance Live (video above). “These deaths are largely preventable, and from a public health perspective, that’s inexcusable… Source link

Retail legend Mickey Drexler — known for making Gap cool in the late 80s and early 90s and then reviving J.Crew in the early 2000s as CEO —apparently didn’t pull any punches in a chat with Kanye West on whether the music icon and celebrated clothing designer should partner up with Gap.  “I probably shouldn’t say this but I told him he shouldn’t do the deal because it doesn’t make any sense in my opinion,” said Drexler, now the CEO of specialty apparel retailer Alex Mill, exclusively on Source link

The Federal Reserve’s number two official said Wednesday that if the U.S. economic recovery progresses as he expects, the central bank could launch its first post-COVID 19 rate hike at the beginning of 2023. Richard Clarida, the Fed’s vice chairman, said that “upside” risks to higher inflation and his expectation for a steady labor market recovery would signal an economy that could be ready for higher short-term interest rates in over a year. Clarida said that he could support lifting… Source link

Robinhood (HOOD) was temporarily halted for volatility this morning as the stock spiked 65% in the first minutes of trading. By 10:10 am ET, the stock was up 36%. The upward move comes a day after the investing platform’s stock spiked 24%. The stock price blew past its IPO price of $38 on Tuesday and closed at $46.80, in stark contrast to its public debut last week.  Retail interest could be a contributing factor for the upward move. Robinhood is one of the most mentioned stocks on Reddit’s… Source link

The editor Marty Baron was famously portrayed by Liev Schreiber in the movie “Spotlight,” which chronicles The Boston Globe’s exposure of pervasive abuse by Catholic priests. After leaving The Globe, Baron began another difficult assignment: leading The Washington Post during Donald Trump’s tumultuous presidency. His time at the helm of the paper ended with his retirement in February. In an interview this week for Influencers with Andy Serwer, Baron reflected on Trump’s legacies on the… Source link

A general view of the U.S. Capitol Building on May 14, 2021 in Washington, DC. (Photo by Anna Moneymaker/Getty Images) You’ll be hearing a lot about the debt ceiling in coming weeks. Tune it out. Learn something useful about real ceilings, instead. Or watch the latest Lil’ Nas X video in slo-mo. Or maybe try to get to know Matt Damon. You won’t, but it will still be time better spent than worrying about the debt ceiling. You shouldn’t be reading this story. Stop reading! I just told… Source link

U.S. employers added back fewer jobs than expected in July, with the tepid return of workers capping overall economic growth as the economy struggles to fully emerge from the grips of the COVID-19 pandemic.  Private payrolls increased by 330,000 in July, ADP said in its closely watched monthly report on Wednesday. Consensus economists were looking for a rise of 690,000, according to Bloomberg data. In June, the economy added back 680,000 private payrolls, with this figure revised down from… Source link