Yahoo News

President Biden’s climate plan is ambitious, but achievable, many experts believe. On April 22, Earth Day, Biden announced a national goal of cutting greenhouse gas emissions by up to 52% by 2030, compared with 2005 levels. That’s nearly twice the reduction President Obama aimed for, and the most aggressive American effort yet to address global warming. Biden has also set goals of eliminating greenhouse gas emissions in the power sector by 2035 and in the overall economy by 2050…. Source link

Tom Brady says one NFL rule change is going to “make for a lot of bad football.”  Brady took the new number rule to task on Instagram on Thursday, saying the regulation would cause problems for offensive linemen. Brady’s specific gripe is that players won’t know who to block now that linebackers can wear any number between 1 and 59 and defensive backs can wear any number between 1 and 49. Tom Brady isn’t a fan of the NFL’s new number rule. (Screenshot from @tombrady on Instagram) The rule also… Source link

Bitcoin (BTC) dominance, or the ratio of the largest cryptocurrency’s value to the overall market capitalization of digital assets, slipped below 50% for the first time since 2018, according to the data sites CoinMarketCap and CoinGecko. The ratio was 48% as of 15:44 coordinated universal time (11:44 a.m. ET) and came as ether (ETH), the native cryptocurrency of the Ethereum blockchain and the second-largest overall, surged to a new all-time high. Bitcoin’s market value is about $1.02… Source link

The global computer chip shortage could have larger ramifications than making it harder to buy the latest video game console or more expensive to buy a car. According to a new Goldman Sachs (GS) note, the slowdown in chip availability could in theory smack U.S. GDP by as much as 1% in 2021. In a research note led by Goldman’s Spencer Hill, an analysis looked at the economy-wide effects of the shortage by assuming a 20% chip shortfall that lasts three quarters and affects the 169 U.S…. Source link

Bloomberg FX Investors See Metals as a Way to Get In on Biden’s Trillions (Bloomberg) — As lawmakers wrangle over President Joe Biden’s latest trillion-dollar stimulus package, currency investors are already picking the winners of the infrastructure spending boom that the plan is likely to unleash.They’re focusing on countries that are major sources of the copper needed to bolster the electrical grid, the iron ore for steel rebar, and nickel for battery-powered vehicles. For those who… Source link

JPMorgan Chase (JPM) CEO Jamie Dimon says the post-lockdown economic boom has “absolutely” begun. On a client webcast on Wednesday, the long-time bank CEO echoed his upbeat views on the U.S. economy that he recently outlined in his annual letter to JPMorgan shareholders in which he predicted an economic boom that “could easily run into 2023.” Pointing to the vaccine rollout, Dimon said on the webcast we are “lucky to have it” and people “should be happy to go back to work,” both factors that… Source link

RIP, SPAC (Special Purpose Acquisition Company) craze.  Going public via a SPAC became all the rage late in 2020 and into 2021 because of its relative ease versus the traditional IPO route and the fact everyone on the Street seemed to be doing it. Now the process has darn near crashed.  New research out from Goldman Sachs strategist David Kostin on Thursday shows that only six new SPAC IPOs have come to market in the second quarter of 2021. For context, Goldman notes, at this point in the… Source link

Dogecoin has soared more than 400% in the past week and by more than 5,000% since the start of the year. Dogecoin’s price continued to fall on Thursday morning, two days after supporters celebrated ‘dogeday 4/20’, but its online community of fans remain undeterred. Dogecoin (DOGE-USD) was down 16% to $0.2822 (£0.2). On Tuesday, it had hit $0.4252 and its market capitalization briefly crossed $50bn as supporters tried to push the price to between $0.69 to $1. Every dog has its day: dogecoin… Source link

The United States Postal Service may not be a likely candidate if you’re asked to name the government agencies you think are monitoring social media posts, but it’s apparently been doing just that. According to Yahoo News, the Postal Service’s law enforcement arm — the United States Postal Inspection Service or USPIS — has been running a surveillance program called the Internet Covert Operations Program (iCOP). Analysts with the team have reportedly been trawling social media websites… Source link

Floyd Mayweather Jr.’s exhibition bout against Logan Paul has a new date. The boxing legend and YouTuber will face off on June 5, with the venue still to be determined, according to The Athletic’s Mike Coppinger. The bout had been previously scheduled for Feb. 20, but was later postponed indefinitely. Online platform Fanmio was initially slated to host the bout, but it will now reportedly be televised via Showtime pay-per-view. The CEO of Mayweather Promotions disputed a report that the fight… Source link