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Evgenia Parajanian / Getty Images/iStockphoto More and more support has been developing for a fourth — and possible fifth — stimulus check amongst members of Congress. See: $1,400 Stimulus May Be on the Way — This Time From Your StateFind: New Stimulus Perk Helps Pay for Your WiFi and Laptop In a new letter to President Joe Biden, seven members of the influential Ways and Means Committee have joined fellow members of Congress who support additional stimulus checks. It claims that that the… Source link

Surging usage of Polygon Network’s Ethereum layer 2 scaling solution allowed that platform’s token (MATIC) to largely escape the fate of other cryptocurrencies in May brought down by crash in the price of bitcoin. MATIC, currently ranked 18th as per market capitalization by Messari, rallied 120% in May even as bitcoin fell by 35%. Ether, polkadot, cardano, XRP, and decentralized finance (DeFi)-blue chips suffered bigger losses, pushing the total market capitalization of the crypto… Source link

(Bloomberg) — Index funds are supposed to cut out the human-driven craziness that periodically infects markets, but the recent meme-stock fever proved the $11 trillion industry is far from immune. The remarkable surge in shares of AMC Entertainment Holdings Inc. and a handful of other stocks is showing up in multiple exchange-traded funds, skewing portfolios, altering risk profiles and exerting outsized influence on prices. Take the $68 billion iShares Russell 2000 ETF (ticker IWM). In the… Source link

Bloomberg China Tech Crackdown Cycle Nearing an End, Top Investor Says (Bloomberg) — Beijing’s antitrust crackdown on homegrown tech giants may be coming to an end, leaving stock valuations of some of the major firms at attractive levels.That’s the view of Hyomi Jie at Fidelity International Ltd., whose China consumer equity funds oversee $7.3 billion in assets. One has beaten 96% of peers in the past year. Hong Kong-based Jie sold some of her holdings in Alibaba Group Holding Ltd. and… Source link

The Orlando Magic are launching a full rebuild, and they’ve already made one major change.  The Magic announced on Saturday that they’ve decided to part ways with head coach Steve Clifford. The move isn’t a firing, but reportedly a mutual decision.  Clifford, 59, became Magic head coach ahead of the 2018-2019 season. He led the team to a 42-40 record and a 33-40 record in his first two seasons, both of which ended with trips to the playoffs. They were eliminated in the first round both… Source link

Only one woman in history has run a faster women’s 100-meter than Shelly-Ann Fraser-Pryce did on Saturday: Florence Griffith Joyner. Jamaica’s Fraser-Pryce became the second-fastest woman ever with a magnificent 10.63 at a meet in Kingston on Saturday, blowing away her competition and obliterating the national record of 10.70 she shared with Elaine Thompson-Herah, who won the 100 gold at the 2016 Olympics.  Fraser-Pryce’s 10.63 is the fourth-fastest time ever recorded, and the fastest any… Source link

Chris Rock spoke to Insider in an interview about his former divorce lawyer, who is now representing Melinda Gates. Gilbert Carrasquillo/FilmMagic Chris Rock opened up about his experience with famed divorce lawyer Robert Stephan Cohen. Cohen is currently representing Melinda Gates, who could land the largest-ever divorce settlement. Rock said Cohen once told him the bitterest divorce disputes only amount to a fraction of what’s at stake. See more stories on Insider’s business page. In the worst… Source link

Gabrielle Cormier, 20, who is one of the youngest patients afflicted by extreme fatigue, involuntary jerking movements, memory lapses and hallucinations from a mysterious brain syndrome, sits for a portrait at her family’s home in Dalhousie Junction, Canada, May 20, 2021. (Chris Donovan/The New York Times) MONTREAL — Forty-eight people from the same small Canadian province struck with a baffling mix of symptoms including insomnia, impaired motor function and hallucinations such as… Source link

A growing number of workers hesitant about taking the COVID-19 vaccine are taking their bosses to court. The swift adoption of synthetic biological cocktails to combat the pandemic, developed and scaled for human injection at record pace, is at the heart of an increasing number of lawsuits from workers. They argue that submitting to a novel drug to combat a still-mysterious virus shouldn’t be a condition of keeping their jobs. In one of the latest lawsuits, 117 unvaccinated Texas hospital… Source link

The May fell short of lofty expectations, adding fewer jobs than economists expected and underscoring the challenges the U.S. economy faces in trying to reboot the workforce after COVID-19 lockdowns. Small businesses are no exception. by the National Federation of Independent Business (NFIB) found that a record-high 48% of small business owners in May had unfilled job openings. Additionally, 34% of owners reported having to hike pay the highest reading in the past 12 months, and 22% more… Source link