Yahoo News

How do authorities dispose of confiscated cryptocurrency mining rigs? In a city in Sarawak, Malaysia, authorities got rid of 1,069 rigs at once by crushing them with a steamroller, Vice reports. According to Malaysian publication Dayak Daily, the PCs were confiscated over six raids conducted between February and April this year. Sarawak Energy Berhad, the electric utility company of the Malaysian province, is accusing the mining operators of stealing electricity for their activities. The… Source link

Higher demand and reduced supply could be drivers for higher reads on inflation. Another reason? Simple math. Consider, for example, if prices increase by 30%. But what if prices fell by 30% before? Would that mean prices are back up to where they were? Percentages don’t tell the whole story, which is why looking at price levels can be just as important as looking at inflation rates. Economists refer to the distortions in relative price changes as “base effects.” What are base… Source link

Anthony Di Iorio will be severing his major ties to the cryptocurrency industry and selling his current venture Decentral to start a philanthropic foundation in the next year, the Ethereum co-founder told CoinDesk in a phone interview. “I’m a crypto guy and I don’t want to be known as a crypto person,” he said. “I want to be known as a problem solver.” Concerns about his personal security figured “a good 20%” into his decision, he said. Related: Vitalik Buterin Is Involved in a… Source link

Everyone’s buying a Tesla — but are they prepared to pay for the insurance? If you feel like you’re suddenly seeing that shiny metal “T” everywhere on the road, you’re not mistaken. Electric vehicles sales are soaring, and Tesla is leading the charge. EV sales in the U.S. nearly doubled in the first quarter of 2021 compared to the same time last year, says a new report by Experian, with Elon Musk’s car company commanding a 71% share. Tesla also recently announced that it doubled its worldwide… Source link

UNITED STATES – JUNE 10: Sens. Ted Cruz, R-Texas, left, and Bill Hagerty, R-Tenn., are seen in the senate subway during a vote in the Capitol on Thursday, June 10, 2021. (Photo By Tom Williams/CQ-Roll Call, Inc via Getty Images) In a functioning democracy, taxpayers fork over some money to the government and get useful things like roads and bridges in return. Republicans in Congress don’t see it that way. The so-called “bipartisan infrastructure framework,” or BIF, that 20-something… Source link

svetikd / Getty Images Social Security is the main source of income for a majority of the elderly in the U.S. According to data from the Social Security Administration, nearly 9 out of 10 people age 65 and older receive Social Security benefits, representing 33% of the income of the elderly. But is it enough? See: 5 Things Most Americans Don’t Know About Social SecurityFind: 17 Tips To Live Comfortably Off Just a Social Security Check Vanguard’s latest report says that most Americans… Source link

(Reuters) -Amazon.com Inc-backed electric-vehicle startup Rivian Automotive will delay the deliveries of its debut vehicle by more than a month due to supply chain issues, according to a letter written by its CEO to customers. Rivian, seen as a potential Tesla Inc rival, said the timing for the first deliveries of its R1T pickup initially slated for July has now been pushed to September, while that of R1S SUVs have been delayed until the fall. “The cascading impacts of the pandemic have had a… Source link

In this article, we discuss the 15 best Jim Cramer stocks to buy now. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Jim Cramer Stocks to Buy Now. Jim Cramer, a former hedge fund manager and present host of Mad Money on news platform CNBC, is one of the most well-known finance personalities on television. His stock picks have consistently outperformed the wider market over the past few years, mostly because he is a big believer in technology stocks that… Source link

Moderna, which has seen its stock surge 250% over the past year as it helps vaccinate the world from the coronavirus, will officially enter the S&P 500 on July 21. The news sent shares popping more than 8% to $282 in Friday’s session as the stock will likely be purchased by fund managers who benchmark to the S&P 500. But Jefferies analyst Michael Yee tells Yahoo Finance Live he thinks the run in Moderna stock (MRNA) is far from done.  “Moderna is the Tesla of biotech,” says Yee, pointing to… Source link

Enterprise software company Oracle (ORCL) in recent days formed a partnership with an outfit that will strengthen its blockchain-related services, and Bank of America launched a cryptocurrency research team — the latest signs of major firms embracing decentralized finance. Blockchain can claim another believer among the nation’s top financial institutions in Franklin Templeton (BEN) CEO Jenny Johnson, whose fund manages more than $1.5 trillion in assets. Johnson told Yahoo Finance in a… Source link