Stocks Fall on China Curbs, Growth Risks; Oil Up: Markets Wrap

(Bloomberg) — Stocks fell Monday as the risk of a slower recovery from the pandemic shadowed global markets and Chinese technology stocks buckled under the weight of Beijing’s regulatory clampdown. A Hong Kong gauge of Chinese tech names tumbled after a report that officials are seeking to break up Ant Group Co.’s Alipay. China’s online platforms have also been told to protect the rights of workers in the so-called gig economy. China’s overall stock market fluctuated, while Japan… Source link

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SoFi Technologies, Inc. (NASDAQ:SOFI) Looks Cheap Thanks to Market’s Overreaction

After going through a combination of lockup expiry and uneventful earnings in August, SoFi Technologies, Inc. (NASDAQ: SOFI) held the line at US$14 level. While the stock is still struggling to break above US$16, we can probably agree that it is doing better than expected. Yet, in the face of the latest rating, we will examine our take on the intrinsic value through the discounted cash flow (DCF) method. Check out our latest analysis for SoFi Technologies The Latest Outlook With the worst,… Source link

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Tech heavyweights fuel California gubernatorial recall race, but allegiances divided

California Gov. Gavin Newsom has turned to familiar Democratic faces in the final days of a campaign to keep his job.  President Joe Biden, Vice President Kamala Harris, and Senator Elizabeth Warren have all lent their voices to give the embattled governor a boost against a Republican-led effort to remove him from office. But if Newsom emerges victorious on Tuesday, he may have some big name tech executives, particularly Netflix (NFLX) co-founder and co-CEO Reed Hastings to thank. With a… Source link

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College campuses are facing dining hall staff shortages, frustrating students

Universities are struggling to hire staff as millions of students return to campus for the fall semester, with campus dining halls acutely feeling the labor shortage.  “Mad rush describes it pretty well — staffing shortages, supply chain shortages, a rush of students coming in who are new to campus,” one dining services employee from the University of Georgia (UGA) told Yahoo Finance. “Everybody’s overworked.” The hospitality industry generally continues to be a short-staffed sector as the… Source link

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Porsche 911 Carrera S manual test drive

For car fans, and lovers of a true analog experience when driving a car, it seems time is running out — the electric revolution is coming soon.  Sure, sales of EVs are around 2.7% of total car sales here in the U.S,, but we all see the writing on the wall, from Detroit to Düsseldorf: the gas-powered car is dying. At the IAA Mobility Conference in Munich this week, automakers debuted a slew of new electrified cars coming out in the not too distant future. Porsche (POAHY) was one of them. The… Source link

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Unvaccinated and vaccinated people ‘are not in the same ballpark’ of risk, doctor explains

Amid fears of new variants emerging and evading COVID-19 vaccines, health experts are repeatedly pointing out that being fully vaccinated is very different from being unvaccinated. “We have to be very clear about who we’re talking about,” Dr. Jeremy Faust, an emergency physician at Brigham and Women’s Hospital and an instructor at Harvard Medical School, said on Yahoo Finance Live (video above). “The Delta variant is extraordinarily dangerous for the unvaccinated, and it presents a… Source link

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The World’s Shippers Are Earning the Most Money Since 2008

(Bloomberg) — Supply Lines is a daily newsletter that tracks trade and supply chains disrupted by the pandemic. Sign up here. The global shipping industry is getting its biggest payday since 2008 as the combination of booming demand for goods and a global supply chain that’s collapsing under the weight of Covid-19 drives freight prices ever higher. Whether its giant container ships stacked high with of 40-foot steel boxes, bulk carriers whose cavernous holds house thousands of tons of coal,… Source link

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Yandex introduces automatic English-Russian video dubbing feature!

You’ll now be able to watch videos on YouTube and almost any other service with the aid of automatic English-Russian translation dubbing. This could be really helpful to those studying Russian. Meanwhile, Yandex says more language pairs will be added to the system soon. Russia’s tech giant Yandex has added a new automatic English to Russian translation dub function to its Yandex Browser arsenal, which can be activated on YouTube and beyond, according to a… Source link

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Google One adds a 5TB storage plan for $24.99 per month

After it ended free unlimited storage for Google Photos in June, many Google users had figure out how to store images and other data in the Google accounts. They could keep their Google account stored data under 15GB, or pay for a Google One plan. Options included a 100GB plan for $1.99 per month, a 200GB plan for $2.99 a month, a 2TB plan for $9.99 a month, or a plan with 10TB of storage for $49.99 per month. 20TB and 30TB plans are also available, for $99.99 and $149.99 per month,… Source link

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Google reportedly gave some users’ data to Hong Kong authorities in 2020

Google provided some user data to the government of Hong Kong last year, despite promising it would not process such data requests from authorities, according to the Hong Kong Free Press. The company told the news outlet it “produced some data” in response to three of the 43 requests it received from Hong Kong’s government. Two of the requests had to do with investigations into human trafficking and included search warrants, and a third was an emergency disclosure as part of a… Source link

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