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The Federal Reserve has telegraphed that it will soon take the first steps in paring back its extraordinary monetary stimulus to the economy, but Fed officials are split on exactly when to start that process. For many of the 18 policymakers on the central bank’s Federal Open Market Committee, it could all come down to a single point of data due this week. “A non-committal Fed puts the focus squarely on Friday’s jobs report,” ING Economics wrote Tuesday. The August jobs report, to be… Source link

The weed market opening up in New York will be a massive catalyst for the cannabis industry, according to an industry veteran. “I think New York as a market, [Senate Majority Leader Chuck] Schumer as a representative of New York, is going to be a very, very live topic through September,” Bruce Linton, chairman of Gage Cannabis and former CEO of Canopy Growth (CGC), told Yahoo Finance (video above). “And to me, that is one of the bigger movers. You say to anybody else on the planet, tell… Source link

Sundar Pichai, chief executive officer of Alphabet Inc., wears a protective mask while attending a meeting with U.S. President Joe Biden, not pictured, in the East Room of the White House in Washington, D.C., on Wednesday, Aug. 25, 2021. Stefani Reynolds | Bloomberg | Getty Images Google is postponing its workers’ return to the office, for the third time, as the highly contagious delta variant of the Covid-19 virus spreads. CEO Sundar Pichai announced in a blog post Tuesday that the new date… Source link

Someday soon you may be able to buy groceries from Best Buy (BBY) as it looks to better compete for shoppers online with Amazon and Walmart.  But before then, Best Buy is hoping to sell you an electric bike, an electric mower or some form of beauty product.  The electronics retailer (or one-time electronics only retailer) began selling a range of electric bikes and scooters on its website on Tuesday. USA Today first reported the launch. Offerings range from a $799 Segway electric scooter to… Source link

Google is pushing back its return-to-office date by three months, to Jan. 10, in a decision that reflects the spread of the highly contagious Delta variant of the coronavirus. Sundar Pichai, the chief executive of Alphabet, Google’s parent company, informed employees of the plans in an email on Tuesday. He said that after Jan. 10, offices in different countries and locations will determine for themselves when to return based on local conditions, and that employees will get 30-days notice.

Google is pushing back its return-to-office date by three months, to Jan. 10, in a decision that reflects the spread of the highly contagious Delta variant of the coronavirus. Sundar Pichai, the chief executive of Alphabet, Google’s parent company, informed employees of the plans in an email on Tuesday. He said that after Jan. 10, offices in different countries and locations will determine for themselves when to return based on local conditions, and that employees will get 30 days advance… Source link

The Street is unclear on how to value Zoom as its growth slows with people returning to offices and schools, despite the lingering pandemic.  So the only course of action right now it seems — sell Zoom’s stock (ZM) and wait for more stable waters.  “We are wary of a potential demotion for Zoom from hyper-growth to growth at a reasonable price,” said Citi analyst Tyler Radke, following Zoom’s underwhelming second quarter results Monday evening. Radke called the earnings report… Source link

Russian IT giant Yandex said on Tuesday that it had reached a $1 billion deal to buy out ride-hailing service Uber from several joint ventures, squeezing the US company out of ex-Soviet markets. Under the deal, Yandex will buy Uber’s stake in their shared food delivery operations and a business that develops self-driving vehicles, gaining 100 per cent ownership. Yandex… Source link

The market has been high on Yandex NV (YNDX) stock recently. YNDX gets a Bullish score from InvestorsObserver Stock Sentiment Indicator. Yandex NV has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on YNDX! Source link

PayPal’s (PYPL) Venmo is set to become an even more formidable player in the payments space in the next several years, according to Bank of America. In the past year, PayPal has evolved beyond its early peer-to-peer payments capabilities, rolling out new features including a Venmo credit card and cryptocurrency trading. The company has also eyed introducing high-yield savings accounts and budgeting tools. And on Monday, CNBC reported that PayPal is looking to roll out a stock-trading… Source link