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MOSCOW, Nov 1 (Reuters) – Russian tech giant Yandex plans to reward responsible drivers on its car-sharing platform with cheaper insurance this year, it told Reuters, using machine learning in a pilot programme similar to one already adopted by Tesla. Newly-listed Renaissance Insurance has verified Yandex’s algorithms and the two companies will team up to offer car insurance… Source link

Stocks traded higher on Monday, with equities looking to build on gains after the S&P 500’s best month since November 2020. Contracts on the S&P 500, Dow and Nasdaq opened higher. Investors are heading into November trading with momentum from a record-setting October, when the S&P 500 logged its best monthly gain in nearly a year. Each of the S&P 500, Dow and Nasdaq had set all-time highs last week, powered higher by a combination of estimates-topping corporate profit results. And according… Source link

The overdose crisis in the U.S. is continuing to worsen as a result of the coronavirus pandemic.  Drug overdose deaths increased by 30.8% for the 12-month period ending March 2021, according to the latest provisional data from the CDC’s National Center for Health Statistics, with reported numbers reaching a record high of 96,779. The CDC noted that the number is likely an undercount given incomplete data. “By the end of 2020, we knew that the number of overdoses for 2020 were going to be… Source link

One Virginia school district has made select Wednesdays shorter for students as teacher burnout through the coronavirus pandemic drags on.  The district’s superintendent said the move was to give teachers more time amid a historic shortage of educators. “Our teachers are just tired — they’re tired and they’re overwhelmed and dealing with a lot of the mental health issues that I think many folks are dealing with as a result of the pandemic,” Aaron Spence, superintendent of the Virginia… Source link

Barry Silbert, Founder and CEO, Digital Currency Group  David A. Grogan | CNBC Digital Currency Group is selling shares to SoftBank and Google’s venture capital arm in a deal that values the crypto conglomerate at more than $10 billion.  The Manhattan-based, private company announced a secondary round on Monday, in which existing investors are selling shares to new backers. The $700 million deal was led by SoftBank and included Google’s Capital G and Ribbit Capital, among others.  Digital… 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 Monday, November 1, 2021 It was a brutal weekend for one airline and a telling weekend on the state of America’s labor shortage.  American Airlines canceled about 14.3% of its flights on Sunday, according to data shared by the company to Yahoo Finance, in large part because it was unable to find staff to carry out operations. Staffing problems… Source link

Some users enjoy exploring Google Maps to find mysterious images. One redditor found a black island in the middle of the ocean. The image led to theories that said it was a military base or a secret portal. Loading … Source link

As heads of state gather in Glasgow, Scotland for a climate summit, much of the news will focus on nations setting carbon-reduction goals for decades down the road — long after those making the promises will be out of office. Setting ambitious long-term goals is good, but not good enough. Because more important than any promise countries make about 2050 is what they do between now and 2030. And what’s most important is what they do over the next few years about the biggest problem of all:… Source link

By Lawrence White LONDON (Reuters) – Barclays Chief Executive Jes Staley is leaving the bank after a dispute with British financial regulators over how he described his ties with convicted sex offender Jeffrey Epstein. Staley will be replaced as chief executive by the bank’s head of global markets C.S. Venkatakrishnan, who pledged on Monday to continue his predecessor’s strategy for Britain’s third-biggest bank by market value. Staley’s shock departure comes after Barclays was informed on… Source link

(Bloomberg) — Most Asian stocks rose Monday after the outcome of Japan’s election bolstered expectations for fiscal stimulus and as all-time highs for U.S. shares encouraged some investor optimism. The yen weakened. Most Read from Bloomberg Equities jumped more than 2% in Japan, where Prime Minister Fumio Kishida’s Liberal Democratic Party defied forecasts by preserving its outright majority. Stocks dipped in China amid data signaling economic weakness due to power shortages, surging… Source link