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The Biden administration announced Monday that 20 leading internet service providers have agreed to offer basic low cost plans that will be free for millions of Americans after a refund. The 20 companies, including AT&T (T), Comcast (CMCSA), and Verizon (VZ), cover more than 80% of the U.S. population. They will immediately provide at least one plan that costs no more than $30 a month and provides download speeds of at least 100 mbps. The White House says that 40% of the U.S. population, about… Source link

(Bloomberg) — Bitcoin is falling toward levels last seen in July 2021, part of a wider retreat in cryptocurrencies amid a global flight from riskier investments. Most Read from Bloomberg The world’s largest digital token dropped as much as 2.7% on Monday and was trading at $33,531 as of 10:28 a.m. in London. The second biggest, Ether, shed as much 4.6%. Most major virtual coins were under pressure over the weekend and the downbeat mood carried over into Monday. Equities in Asia and Europe… Source link

Workers at an Apple supplier in Shanghai are operating under a “closed loop” system where they work, live, eat, and sleep onsite.Qilai Shen/In Pictures via Getty Images Images Videos show workers at an Apple and Tesla plant in Shanghai clashing with quarantine officials. The workers were said to be frustrated with onsite COVID-19 measures. The clash underscores the frailty of Shanghai’s plans to reopen its factories amid strict lockdowns. More than a hundred workers at a major Apple and Tesla… Source link

Arizona State defensive lineman Stanley Lambert. (AP Photo/Matt York) Police in Scottsdale, Arizona have charged Arizona State football player Stanley Lambert with driving under the influence after a pedestrian was struck by a car and later died from her injuries, according to local reports. Police say that a car struck a 23-year-old woman as she crossed a road in Old Town Scottsdale around 1:38 a.m. on Saturday. The car’s driver was allegedly identified as Lambert. Scottsdale police arrested… Source link

What to make of the markets right now? Last week brought more losses in what’s been a volatile year for stocks. The five straight weeks of market declines marked the longest such streak in over a decade. More ominously, they came in along with a number of other disturbing data points. The April jobs numbers, released on Friday, came to 428,000 jobs added for the month, superficially strong and well above the 391,000 expected. But the labor remains depressed, and the total number of workers,… Source link

This week, investors will be faced with fresh data on the state of inflation, as the Federal Reserve hastens to bring down fast-rising prices. Quarterly earnings season will also continue, with a bevy of closely watched stock index components reporting results. The Bureau of Labor Statistics’ April Consumer Price Index (CPI), due out Wednesday, will be one of the most closely watched economic reports this week. The headline index is expected to decelerate on both a month-over-month and… Source link

Through two games, the Dallas Mavericks looked outclassed by the Phoenix Suns. Two games later, the Western Conference semifinals are tied at 2-2 thanks to a 111-101 Mavericks win on Sunday, their second straight since the series shifted to Dallas. The Mavericks caught fire from 3-point distance and flustered Chris Paul, who played less than four minutes in the second half before fouling out early in the fourth quarter. Dallas secured the win despite a poor shooting effort from Luka Doncic… Source link

(Bloomberg) — It’s ending as fast as it began for retail day traders, whose crowd-sourced daring was the pre-eminent story of pandemic equities. Most Read from Bloomberg Nursing losses in 2022 that are worse than the rest of the market’s, amateur investors who jumped in when the lockdown began have now given back all of their once-prodigious gains, according to an estimate by Morgan Stanley. The calculation is based on trades placed by new entrants since the start of 2020 and uses… Source link

SAN FRANCISCO — Memphis Grizzlies star guard Ja Morant likely will miss Game 4 on Monday with a knee injury, head coach Taylor Jenkins said Sunday. Jenkins said Morant is undergoing further evaluation on his right knee. The Grizzlies officially listed Morant as “doubtful” with right knee soreness. Jenkins said Sunday that Grizzlies general manager Zach Kleiman and the league office have been in contact regarding the play. Jenkins reiterated Sunday Morant was injured on a play involving… Source link

Robinson Cano’s stint with the New York Mets is officially over. Eight days after designating him for assignment, the Mets released Cano on Sunday. No team was willing to take on the remainder of his contract via waivers, making the 39-year-old second baseman a free agent. Cano has nearly two years remaining on a 10-year, $240 million deal he signed with the Seattle Mariners in 2014. Per the Seattle Times, the Mariners still owe him $7.5 million on the deal while the Mets are on the hook for… Source link