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A new Biden stimulus benefit offers free health insurance for 6 months The massive COVID rescue package President Joe Biden signed back in March — the same law that included $1,400 stimulus and the monthly payments for families that start next week — is now offering free health insurance to millions of Americans, through the end of 2021. The benefit’s zero-premium health plans became available on July 1, with no income limits for qualifying. But there is one major eligibility… Source link

Leave it to Elon Musk to give Dogecoin the lift it sorely needed. With yet another market-moving tweet on Friday, the Tesla chief—who famously dubbed himself “The Dogefather”—lifted Dogecoin out of its recent slump, driving the crypto meme-coin back above 22 cents after a steady decline that had seen it slip below 20 cents on Thursday. That’s still a long way from Dogecoin’s heady highs in May, when it broke 74 cents in the buildup to Musk’s hotly anticipated Saturday Night… Source link

Ransomware cyberattacks have skyrocketed, and no part of the economy is safe. From infrastructure companies like Colonial Pipeline to meat producers like JBS to a huge attack linked to Russia just over the Fourth of July weekend, the attacks have escalated. According to George Kurtz, CEO of cybersecurity firm CrowdStrike (CRWD), the company is seeing a “massive” increase in ransomware attacks. And they’re targeting everything from private businesses to government entities. “Ransomware… Source link

Big Tech is once again in Washington’s crosshairs. On Friday, President Biden called on the Federal Trade Commission and Department of Justice to enforce existing rules and establish new ones that could interfere with the market domination of America’s biggest tech firms. The executive order from Biden calls on the FTC to establish stricter rules over mergers, making it harder for larger tech companies to swallow up their smaller competitors — just like Facebook has with Instagram and… Source link

Cryptocurrencies traded higher on Friday after a volatile week. Bitcoin was holding above $33,000 support at press time and is roughly flat for the week. Technical charts suggest buyers will remain active above $30,000, although upside momentum is starting to slow heading into the weekend.  “The possibility of price action dropping into the mid-$20,000 range is alive, but traders looking for a retest of previous all-time highs will likely be disappointed,” Sean Rooney, head of research… Source link

New Bet & Watch Feature Allows Fans to Watch a Live MLB Game in the DraftKings App BOSTON and NEW YORK, July 09, 2021 (GLOBE NEWSWIRE) — Major League Baseball and DraftKings Inc. (Nasdaq: DKNG) today announced a strategic sportsbook expansion and an extension of its existing Daily Fantasy Sports and sports betting relationship which will include expanded promotional rights and content inclusive of the sports betting category. Among the key components of the expanded relationship are rights… Source link

President Joe Biden signed an executive order on Friday aimed at promoting competition across the U.S. economy — including measures that target big tech companies, aim to lower prices for consumers and call for greater scrutiny of mergers across industries.  “The heart of American capitalism is a simple idea: open and fair competition,” said Biden before signing the order. “Capitalism without competition isn’t capitalism. It’s exploitation. Without healthy competition big players can… Source link

By Gertrude Chavez-Dreyfuss (Reuters) – Cryptocurrency company Bullish announced on Friday it had agreed to go public on the New York Stock Exchange through a merger with Far Peak Acquisition, a special purpose acquisition company (SPAC), in a $9 billion deal. Bullish, a unit of blockchain software company Block.one, plans to launch a regulated crypto exchange later this year. The company is backed by billionaire entrepreneur Peter Thiel’s Thiel Capital and Founders Fund, British hedge fund… Source link

(Bloomberg) — Gabe Plotkin’s Melvin Capital Management ended the first half of 2021 down 46% as the hedge fund struggled to bounce back from a vicious attack by Reddit traders on its short positions. The firm, which plunged in January as its bearish bets on companies including GameStop Corp. and AMC Entertainment Holdings Inc. were besieged by a retail-driven buying spree, was up about 1% in June, according to people familiar with the matter. Melvin now calculates its loss in the first… Source link

How much a stock’s price changes over time is a significant driver for most investors. Not only can price performance impact your portfolio, but it can help you compare investment results across sectors and industries as well. Another thing that can drive investing is the fear of missing out, or FOMO. This particularly applies to tech giants and popular consumer-facing stocks. What if you’d invested in Apple (AAPL) ten years ago? It may not have been easy to hold on to AAPL for all that time,… Source link