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(Bloomberg) — China injected more cash into its banking system in a sign authorities are seeking to avert a funding squeeze amid a seasonal rise in financing demand and the intensifying debt crisis at China Evergrande. The People’s Bank of China added 90 billion yuan ($14 billion) of funds on a net basis through seven-day and 14-day reverse repurchase agreements on Friday, the most since February. Today was the first time this month it added more than 10 billion yuan short-term liquidity… Source link

MOSCOW — An app designed by Russian activists to coordinate protest voting in this weekend’s elections disappeared from the Google and Apple app stores in the country on Friday, a major blow to the opposition leader Aleksei A. Navalny and allies who hoped to subvert the commanding position of President Vladimir V. Putin’s governing party. Google removed the app Friday morning after the Russian authorities issued a direct threat of criminal prosecution against the company’s staff in… Source link

Apple and Google have removed a tactical voting app created by the organization of jailed Kremlin critic, Alexei Navalny, from their respective mobile app stores in Russia. Earlier this week Reuters reported that the Russian state had been amping up the pressure on foreign tech giants ahead of federal elections — appropriating the language of “election interference” to push US companies to censor the high profile political opponent to president Putin. On Twitter today, a key… Source link

The amount of bitcoin held on exchanges like Coinbase and Binance, have dropped to lower than they were in November last year. Photo: Reuters Major cryptocurrencies were down on Friday morning after a volatile week amid rising concerns over bitcoin’s environmental impact. Bitcoin (BTC-USD) was down 0.4%, still struggling to cross the $50,000 (£36,237) mark. It was trading at $47,900 at the time of writing. Many supporters on Twitter are hopeful it will hit $100,000 by the end of the… 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, September 17, 2021 The American consumer is saving the world, again For weeks, markets have been unsettled by relentless jitters about COVID-19 — and more recently, widening concerns about how a possible slowdown in China may drag on global growth. However, U.S. consumers are riding to the rescue — yet again — by spending with… Source link

The Russian opposition politician Alexei Navalny’s Smart Voting app is seen on a phone, in Moscow, Russia September 16, 2021. REUTERS/Shamil Zhumatov MOSCOW, Sept 17 (Reuters) – Alphabet’s Google (GOOGL.O) and Apple (AAPL.O) have removed jailed Kremlin critic Alexei Navalny’s tactical voting app from their stores, his team said on Friday, after Russia accused the U.S. tech firms of meddling in its internal affairs. Russia goes to the polls on Friday to elect a new parliament in a three-day… Source link

BRONX, N.Y. — Honestly, I hope you all found much more worthwhile activities to occupy your weekends. Once again, the New York Yankees teased us and then showed us who they truly are, a complete mirage. They were shown up at home by a Cleveland Indians club that had nothing to play for. If you don’t believe that Brian Cashman and Aaron Boone and a lot of these players don’t deserve to be shown the door at the conclusion of this season, you need to have your head examined. Embed from… Source link

Stock futures opened little changed Thursday evening after a mixed session earlier, with investors digesting a slew of mixed economic data and its implications for monetary policy.  Contracts on the S&P 500 hugged the flat line. Earlier, both the blue-chip index and the Dow ended lower, coming off session lows by market close but failing to break into positive territory.  The latest set of U.S. economic data out Thursday painted a more upbeat than anticipated picture of the U.S. consumer…. Source link

Lucid Motors (LCID) shares rallied on Thursday after a bullish analyst note and confirmation from the Environmental Protection Agency (EPA) that the EV maker’s premium car has a higher mile range than Tesla’s model S (TSLA).  Lucid’s Dream Air edition vehicle received an EPA rated range of 520 miles. That’s about 100 miles more than Tesla’s model S Long Range.  The EV maker’s CEO and CTO Peter Rawlinson has said in previous interviews that Lucid’s car could go farther on one full battery… Source link