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Three colors of Chromecast TV devices are displayed during the Google Launch Night In virtual event … [+] seen on a laptop computer in Tiskilwa, Illinois, U.S., on Wednesday, Sept. 30, 2020. Alphabet’s Google launched a new Chromecast TV device as it seeks to hold off Amazon from continuing to gain share in the smart home space. Photographer: Daniel Acker/Bloomberg © 2020 Bloomberg Finance LP Google may be looking to make its connected television platform even… Source link

New COVID stimulus checks are on the way for some US workers After a long year and a half, many Americans are hopeful that the worst economic pain from the pandemic is behind them. But some of the hardest hit workers with jobs that are considered essential are still reeling. Many of them had to dip into their own funds to pay for protective equipment or child care. Now, to assist with those expenses, the government intends to offer financial relief through what are essentially targeted… Source link

U.S. Energy Secretary Jennifer Granholm said Monday, extreme weather events this summer have elevated the urgency with which the Biden administration tackles the climate crisis. But, with less than two months to go until the UN Climate Change Conference (COP 26), she said the administration has no plans to boost its ambitions to slash greenhouse gas emissions in half from 2005 levels, by the end of this decade. “The fact that one-third of the country has experienced an extreme climate… Source link

Markets sold off on Monday amid worries about Chinese property giant Evergrande’s massive debt load, and one expert warns that there is more agony coming for anyone connected to Evergrande. “There’s going to be a lot of pain — almost everybody involved with this is going to get a chunk taken out of them, if not worse,” Leland Miller, CEO of China Beige Book, told Yahoo Finance (video above). Evergrande currently has over $305 billion in liabilities, and some worry about the potential risks… Source link

US President Joe Biden speaks about the economy and the middle class, in the East Room of the White House in Washington, DC, on September 16, 2021. (Photo by Brendan Smialowski / AFP) (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images) Anybody seen the Tea Party? It ought to be an epic moment for the small-government movement that grew out of government bailouts following the financial crash of 2008. Democrats who control the White House and both houses of Congress by narrow margins are working… Source link

The FDA rejected Pfizer (PFE)/BioNTech’s (BNTX) booster shot recommendation for the general public in order to place greater focus on inoculating the unvaccinated populations and collecting more data on booster shots, Meghan FitzGerald, adjunct associate professor of health policy and management at Columbia University, told Yahoo Finance Live. Though the FDA rejected the booster for the general public by a large margin (16-2), the shot was endorsed unanimously for the elderly and… Source link

(Bloomberg) — Cryptocurrency prices slumped as a broad selloff sparked by worries about contagion from China Evergrande Group swept through global markets. Most Read from Bloomberg Bitcoin was down 8.1% to trade around $43,743 as of 5:11 p.m. in New York. It had dropped as much as as 10.7% earlier, which pushed it below $43,000 and to its lowest level since the beginning of August. Ether briefly dropped below $3,000. Popular DeFi tokens some of the biggest declines: Cardano fell more than 10%… Source link

Investors unnerved by the financial strains of a Chinese real estate firm sent cryptocurrencies reeling on Monday, with bitcoin (BTC-USD) tumbling by more than 7%. As risk-sensitive assets plunged, the leading digital coin shed over $3,000, changing hands just below $44,000 in midday trading. The moves were the latest signal that the world’s largest cryptocurrency hasn’t achieved the “safe haven” asset status that some of its more ardent proponents have promoted, even as debt levels… Source link

The biggest fear investors should have with the crisis gripping overly indebted Chinese real estate developer Evergrande is global contagion, argues Goldman Sachs.  “The danger is precisely the contagion effect, should a default occur without clear ‘ring-fencing’ of spillovers to other parts of the real economy or financial sector. Events over the past week suggest risks of inching toward that direction,” said Goldman Sachs Hui Shan in a research note on Monday.  Shan points out that he is… Source link

Moscow/New York, September 20, 2021. Yandex announces the spin off of ClickHouse, Inc., a pioneering company focused on open-source column-oriented database management systems (DBMS) for analytical processing. Created in partnership with Benchmark Capital and Index Ventures, ClickHouse will develop commercial products, such as a cloud-based version of DBMS and other solutions for large businesses based on the company’s open-source code. Benchmark Capital… Source link