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Underneath the surface, the tech stock heavy Nasdaq Composite is being shredded as traders fret about higher interest rates from the Federal Reserve this year.  Nearly 40% of the stocks on the exchange have been cut in half, according to new research from Sundial Capital Research’s Jason Goepfert. The research firm notes this kind of trading action on the Nasdaq (^IXIC) hasn’t been seen since at least 1999. “Bulls will suggest that most of the damage has been done, and the indexes should be… Source link

The new year has ushered in a slew of minimum wage increases across the country. A total of 81 states and cities will be raising their minimum wages in 2022, and 44 cities will be increasing theirs to above $15 an hour. “These raises that took effect this week, combined with others scheduled for later this year, are the largest wave of minimum wage raises that we’ve seen,” Paul Sonn, state policy program director at the National Employment Law Project, said on Yahoo Finance Live (video… Source link

If you ever feel like websites have turned the simple business of rejecting tracking cookies into a labyrinthine task that involves close-reading of multiple dialog boxes, then France’s data protection agency has your back. The watchdog (CNIL) has fined Google €150 million ($170 million) and Facebook €60 million ($68 million) for making it too confusing for users to reject cookies. The companies now have three months to change their ways in France. With Facebook, CNIL notes that in… Source link

This weekend, Google will release a Doodle celebrating what would have been Stephen Hawking’s 80th birthday. The two and a half minute-long video will go live in the US at midnight ET tonight (9pm PT) and includes a narration in the physicist’s own computer-generated voice (created and used with permission from his estate) outlining his work and painting a message of hope for the future. Hawking’s digital voice was one of the most recognizable characteristics of the late physicist,… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, January 7, 2021 The world’s two largest economies are having serious identity crises The occasion of the first anniversary of the Jan. 6 riot on Capitol Hill provides a chance to explore something that’s been on my mind for at least a couple of years. Even with its dynamic economy and enviable growth, America’s all-consuming political… Source link

KANSAS CITY, Mo. — Staff members who operate retail stores for Google Fiber internet in Kansas City, Missouri, have begun the formal process to form a union. This week, 10 of the 11 eligible employees filed a request to hold a union vote with the National Labor Relations Board. The group is organizing under the Alphabet Workers Union which formed one year ago under the Communications Workers of America. Alphabet owns Google. Eris Derickson works at the Google Fiber retail store near West… Source link

PHOENIX — Los Angeles Clippers star Kawhi Leonard is ahead of schedule in his rehab from a torn right ACL and a return to action this season is within reach, league sources told Yahoo Sports’ Chris Haynes as he relayed on TNT Thursday night. Leonard has amped up his workload in recent weeks and is looking stronger and stronger, sources said. Heading into Thursday’s game against the Phoenix Suns, the Clippers are 19-19, positioned eighth in the Western Conference standings. Multiple players… Source link

As brick-and-mortar retail prepares for a renaissance this year, Yahoo is diving deeper into e-commerce with new multiretailer checkout for ads, the company announced Thursday. A product of the tech company’s partnership with e-commerce platform MikMak, the update offers add-to-cart functionality and e-commerce analytics for campaigns across native and display advertisements on Yahoo. Functionally, the updates may make the shopping experience easier for consumers, as they can checkout… Source link

The US International Trade Commission has ruled that Google is in violation of five Sonos patents relating to smart speakers (via The New York Times). The decision affirms a judge’s ruling in August, and could force Google to stop importing products using the infringing technology. It’s not yet clear whether any specific Google products will necessarily disappear from shelves — in fact, Google spokesperson José Castaneda suggests the company’s customers would not “experience any… Source link

As a senior official at the Department of Homeland Security during the Trump administration, Brian Murphy got a close look at the failures ahead of the insurrection at the Capitol. His 26-year career at DHS and at the FBI focused on violent extremism and he watched, he said Thursday in a Yahoo Finance Live interview, as those departments failed in 2020 as an early warning system to the emerging threat from then-President Trump’s radicalized supporters. Officials, he says, “were intimidated… Source link