Yahoo News

Pat Toomey (R-PA) speaks during a news conference to introduce the Republican infrastructure plan, at the U.S. Capitol in Washington, U.S., April 22, 2021. REUTERS/Erin Scott A leading GOP senator is threatening to draft “transparency and accountability” laws directed at the nation’s independent central bank after accusing four of the Federal Reserve’s regional banks of dodging Congressional requests for documents. Pat Toomey of Pennsylvania, the top ranking Republican of the Senate… Source link

At the beginning of the year, the dominant narrative permeating cryptocurrency markets was that institutions were going to add large swaths of bitcoin to their assets. Big, established investors from hedge funds to Wall Street mainstays and blue-chip companies would be quick to jump on the bandwagon.  Now, as bitcoin (BTC) trades close to half of the all-time high of almost $65,000 reached in April, things are starting to look slightly different: Despite what looks like a clearance sale on… Source link

IBM has inked hybrid cloud deals with global telecommunication giants Verizon (VZ) and Spain’s Telefonica (TEF), as the company that created the personal computer aims to build out 5G and edge networks. The deal builds on existing partnerships IBM (IBM) has with the two telecom operators. No financial terms were disclosed. In an exclusive interview with Yahoo Finance Live, Howard Boville, IBM’s Senior Vice President of Hybrid Cloud Platform, said this is an “existential moment for telco… Source link

Meme stock traders are once again showing their love for new bestie Bed Bath & Beyond.  Shares of Bed Bath & Beyond (BBBY) exploded more than 30% at one point in Wednesday’s session as traders digested the retailer’s first quarter earnings. To be sure, there were a lot of positives for the meme traders — which sent the stock surging 40% out of the blue in a session earlier this month — to hang their hats on from Bed Bath & Beyond’s latest results.  First, CEO Mark Tritton made mention of… Source link

Shares of Chinese ride-hailing giant Didi Global (DIDI) ended their first day of trading on the New York Stock Exchange at $14.20 apiece, kicking off what is set to be a busy summer of initial public offerings on the U.S. exchanges. The price represented an increase of 1.4% from Didi Global’s IPO price of $14 per American depository share on Tuesday. Earlier, shares opened at $16.65 apiece and climbed to as high as $18.00 during the session.  The company said it sold 316.8 million shares to… Source link

PHILADELPHIA (AP) — Pennsylvania’s highest court threw out Bill Cosby’s sexual assault conviction and released him from prison Wednesday in a stunning reversal of fortune for the comedian once known as “America’s Dad,” ruling that the prosecutor who brought the case was bound by his predecessor’s agreement not to charge Cosby. Cosby, 83, flashed the V-for-victory sign to a helicopter overhead as he trudged into his suburban Philadelphia home after serving nearly three years of a… Source link

The App is Back! Don’t forget to download the NBC Sports EDGE app to receive real-time player news, mobile alerts and track your favorite players. Plus, now you can check out articles and player cards. Get it here! Shifting our attention from Connecticut to Michigan, the TOUR heads to Detroit this week for the third edition of the Rocket Mortgage Classic. The event will be played at Detroit Golf Club, and the area has been soaked in the lead-up, so look for soft and receptive conditions this… Source link

Former Glory kickboxer and Bellator fighter Joe Schilling was caught on camera knocking out a man cold at a bar. Schilling shared the footage on his own Instagram account before it was taken down for violating the social media platform’s guidelines on harassment and bullying. The video remains on Twitter and went viral when it surfaced Monday, raising questions about what transpired. Few details were available initially but have since come to light. Here’s what we know so far about… Source link

(Bloomberg) — Microsoft and Google have decided to stop playing nice. The two tech giants recently ended a years-long truce during which they agreed not to aim their substantial lobbying firepower against each other. With regulators around the world threatening to impose limits on the power of the biggest technology companies, the two rivals — which compete in web search, cloud computing and artificial intelligence — are now free to step up behind-the-scenes lobbying efforts and public… Source link

Robert Kiyosaki, author of New York Times bestseller “Rich Dad, Poor Dad” and founder of The Rich Dad Company, is sounding the alarm about an impending recession, recently tweeting a warning about an impending “biggest crash in world history.” He predicted that it would be a long economic downturn and encouraged people to buy and invest in gold, silver, and bitcoin (BTC-USD) while they can.  Kiyosaki joined Yahoo Finance Live to discuss why he thinks a market crash is coming as well… Source link