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(Bloomberg) — The Biden administration is escalating efforts to safeguard the U.S. power grid from hackers, developing a plan to better coordinate with industry to counter threats and respond to cyber attacks, according to people familiar with the matter. Top administration officials, including Energy Secretary Jennifer Granholm and Deputy National Security Adviser Anne Neuberger, briefed top utility industry executives on the efforts in a March 16 meeting, said the people, who requested… Source link

(Bloomberg) — The group of stocks at the center of a $20-billion block trades selling spree last week were under pressure on Monday as investors worried there could be more fallout from forced offerings. ViacomCBS Inc. fell as much as 4.3% in New York trading after a $2.1 billion block trade was said to price at the top of its range, while Discovery Inc. gained 2.4%. The American depositary receipts of Chinese companies Tencent Music Entertainment Group, Baidu Inc. and GSX Techedu Inc. were… Source link

Members can now earn up to $3,100 in bitcoin cashback rewards on a new mortgage or renewal Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), a digital payments and financial technology company, today announced that it has extended its unique bitcoin cashback rewards program – which currently applies to the Mogo Visa* Platinum Prepaid Card and digital spending account – to include MogoMortgage. Under the program, Mogo members who take out a new mortgage or refinance with Mogo… Source link

  The market may be trading sideways at the moment as traders digest rising Treasury yields and banter around meme stocks and higher taxes, but it could come alive again soon amid looming first quarter earnings reports from corporate America. Because all indications are that a profit explosion from corporate America is poised to be on full display as earnings reporting season kicks off in mid-April. Those hearty bottom line gains would reflect companies cycling comparisons to businesses being… Source link

TipRanks Goldman Sachs Bets on These 3 Stocks; Sees Over 50% Upside Potential What goes up must come down, as we all know. This fact of physics is the underlying worry of the stock market, that fuels our suspicions of bubbles. But investment firm Goldman Sachs doesn’t believe we should worry; the firm’s chief global equity strategist Peter Oppenheimer gives several reasons to expect that the market’s current upward trend is real. His key points include the equity risk premium, the real… Source link

Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, March 29, 2021 Wall Street pros see gains, but modest gains With the S&P 500 (^GSPC) closing at an all-time high on Friday and the first quarter coming to a close this week, investors and traders are asking where the stock market is headed next. Though, when are they not? Overall, the tone on Wall Street is a modestly bullish one thanks to bullish expectations for the economy. At Barclays,… Source link

The Guardian With world watching Derek Chauvin’s trial, focus will be on officer who ‘betrayed his badge’ Analysis: the trial over the killing of George Floyd may be a bellwether for racial justice, but the prosecution will focus on one man’s actions A demonstrator outside the Hennepin county government center in Minneapolis, Minnesota Monday. Photograph: Nicholas Pfosi/Reuters For all the many thousands of protests around the world, the global reckoning on racism and policing prompted by… Source link

Bloomberg Real Estate Investors Desperate to Spend $250 Billion Hoard (Bloomberg) — Investors with a record hoard of money to finance distressed commercial real estate are finding themselves in a tough spot: There’s nowhere to spend it.The massive wave of defaults expected after the coronavirus shuttered offices, hotels and stores last year has so far failed to materialize. Now, as the U.S. economy swings from pandemic lows to a vaccine- and stimulus-induced rebound, the window of… Source link

Federal Reserve officials acknowledge that they need to do a better job on recruiting diverse candidates, noting that central bank policy-making would benefit from a wider array of perspectives. “We’re not at all satisfied with where we are,” Fed Chairman Jerome Powell told Congress on Wednesday. A New York Times piece last month noted that of the Fed’s 870 total Ph.D. economists, only 11 are Black. In other words, Black voices make up only 1% of an institution’s economic team… Source link

The Chinese government has called for boycotts of several Western companies — including Nike, Adidas, and H&M — that have made past statements criticizing China for alleged human rights abuses against Uyghurs in the northern province of Xinjiang, where the Chinese government has built a network of internment camps for the Muslim minority group, forcing them to work in textile and other hard-labor manufacturing jobs, according to human rights groups. Though China denies the allegations,… Source link