Yahoo News

CBS 62 weather reporter April Moss made the bombshell announcement in the middle of the weekend weather forecast. Screengrab/CBS 62 April Moss, a CBS affiliate journalist who paused her weather report to say she’s talking to Project Veritas, has lost her job. The station told Insider that Moss objected to its policies on COVID testing and mask-wearing. Last week Fox 26 reporter Ivory Hecker lost her job after interrupting a broadcast to claim she was being muzzled by the network. Visit Insider’s… Source link

Stock futures opened slightly higher Tuesday evening, holding onto gains from the regular session.  Earlier the three major indexes ended higher for a second straight day, and the Nasdaq Composite powered to a record high as technology stocks outperformed. Microsoft (MSFT) shares steadied after jumping to a record level, bringing its market capitalization $2 trillion.  Cryptocurrency prices stabilized after slumping earlier on Tuesday. Bitcoin (BTC-USD) traded back above $32,000, after… Source link

US President Joe Biden delivers remarks on the American Rescue Plan in the State Dining Room of the White House on May 5, 2021. (Photo by Nicholas Kamm / AFP) (Photo by NICHOLAS KAMM/AFP via Getty Images) A surge in Medicaid enrollment during the coronavirus pandemic is pushing the United States near a momentous tipping point: More people getting health care coverage through a government plan than through the private sector. Here’s the math. A record 80.5 million Americans now get health… Source link

Federal Reserve Chairman Jerome Powell said that the U.S. economic recovery still needs support, despite messaging from the central bank last week that it could pare back its easy money policies sooner than expected. “We have a long way to go,” Powell told the House Select Subcommittee on the Coronavirus Crisis on Tuesday. The Fed chief committed the central bank to doing “everything we can to support the economy for as long as it takes.” Powell highlighted that the labor market is… Source link

The top U.S. intelligence official said in an interview with Yahoo News on Monday that the true origin of the COVID-19 pandemic, which has killed 600,000 Americans and almost 4 million people worldwide, may never be known. Last month, President Biden directed the intelligence community to conduct a 90-day review of what he described as the two plausible theories for how the pandemic originated. In one scenario, the virus emerged from human contact with an animal. In the other, it leaked out… Source link

Quality is on sale in the stock market.  Higher quality stocks are trading at their largest valuation discount to the broad market since the dot com bubble of the early 2000s (see chart below), BlackRock CIO of U.S. fundamental equities Tony DeSpirito said in a new research note.  DeSpirito defines high quality stocks as those of companies that generate profits and sport pricing power (so obviously, this excludes Special Purpose Acquisition Companies, or SPACs). The companies manage their… Source link

Grammy-winning singer Chris Brown was accused of hitting a woman during an argument in a Los Angeles home on Friday, authorities said. A spokesperson for the Los Angeles Police Department told NBC News Tuesday that officers responded to a report of an argument at a residence in the 19600 block of Citrus Ridge Drive in the San Fernando Valley area of Los Angeles. The incident is being investigated as a battery and will be referred to the Los Angeles City Attorney’s Office, according to the… Source link

Mongolia promised its people a “COVID-free summer.” Bahrain said there would be a “return to normal life.” The tiny island nation of the Seychelles aimed to jump-start its economy. All three put their faith, at least in part, in easily accessible Chinese-made vaccines, which would allow them to roll out ambitious inoculation programs at a time when much of the world was going without. But instead of freedom from the coronavirus, all three countries are now battling a surge in… Source link

Regulators in China taking a tougher stance on cryptocurrencies could partially explain the most recent rout in bitcoin prices. But some Wall Street watchers think the U.S. Federal Reserve’s new hawkish stance on interest rate policy and bond buying is also playing a key role.  “It is our belief that part of the momentous rally (an important part) has been helped by the Fed’s largess. Bitcoin and other cryptos should rally further on their own over the years, but we believe that they have… Source link

Stocks extended gains on Tuesday, with equities steadying following concerns over the path forward for monetary policy.  The S&P 500 advanced to end within striking distance of a record high. The Dow also added to gains, a day after the 30-stock index jumped by the most since March. The Nasdaq reached a record intraday and closing high. Cryptocurrency prices were broadly lower as concerns over tighter regulatory actions from China continued to weigh, and tokens from Bitcoin (BTC-USD) to the… Source link