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(Bloomberg) — Tencent Holdings Ltd. dived as much as 11% Tuesday after an offshoot of China’s official news agency decried the “spiritual opium” and “electronic drugs” of games, prompting the country’s largest corporation to declare the possibility of banning kids under the age of 12 from playing altogether. The twin developments stoked fears Beijing will next set its sights on online entertainment after reining in the e-commerce, ride-hailing and online education industries…. Source link

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Stock futures gained Monday evening to shake off earlier declines ahead of another batch of corporate earnings results.  Contracts on the S&P 500 ticked up after the blue-chip index ended a choppy session on Monday lower. The Dow had also closed out the regular trading day in the red, losing steam in the final hour of trading after reaching a record intraday high.  Shares of video game-maker Take-Two Interactive (TTWO) fell in late trading after the company’s current-quarter forecast missed… Source link

Every investor wants an ‘in,’ some hint that will tell exactly what a stock is going to do, and when. The kind of signal that will cut through the market’s noise, and makes sense of the deluge of raw data that every company generates. Multiply that data by 10,000 publicly traded stocks, and you’ll have some idea of just how daunting the markets can be. It’s tempting to follow an expert: a Wall Street analyst, or a trading guru. They all have important contributions to make. But… Source link

By Stephen Nellis (Reuters) – Memory chip maker Micron Technology Inc on Monday said it would shift how it returns cash to shareholders, buying up more shares when prices are low, fewer when prices are high and instituting a dividend for the first time. Micron makes DRAM and NAND memory chips, which are needed for nearly all computing systems and whose price can fluctuate widely based on global supply and demand. This can cause swings in profits – and share prices – at most memory… Source link

On Monday, the hypercontagious Delta variant finally did what Joe Biden couldn’t: convinced 70 percent of U.S. adults to get vaccinated against COVID-19. Biden originally aimed to administer at least one vaccine dose to 70 percent of Americans 18 and older by July 4. But widespread vaccine hesitancy — particularly in conservative parts of the country — prevented the U.S. from meeting his deadline. Now Delta appears to be breaking down some of that resistance. A health care worker prepares… Source link

With the recent rise of the Delta variant, many major American companies are now requiring full-time employees to get vaccinated before returning to the office. In the past few weeks, more companies have announced plans to mandate COVID-19 vaccinations for employees who are working at in-person offices. Cases for the novel coronavirus continue to rise due to the highly transmissible Delta variant, which now makes up more than half of all new COVID-19 cases in the U.S. The… Source link

Twitter has introduced third-party login support, letting users create accounts and log in to the social network with their Apple or Google accounts (via 9to5Mac). Currently, there doesn’t appear to be a way to link your Apple or Google account to an existing Twitter account, so third-party login is (at least for the moment) limited to accounts created using the feature. The feature reportedly showed up in the Twitter beta last month, but now it appears to be more widely available. I… Source link

Video conferencing company Zoom’s (ZM) recently announced $85 million settlement of a privacy class action is a “groundbreaking” and unique settlement that covers both paying customers and those who used free accounts, a lawyer for the plaintiffs told Yahoo Finance. In reaching the settlement, now pending a judge’s approval, Zoom, despite denying wrongdoing, agreed to both compensate its users and adopt new user privacy measures after it came under fire last year for so-called “ Source link

Top economic policymakers are facing a critical question: Will the Delta variant hold back the more than 6 million Americans still sidelined from work compared to pre-pandemic levels? Child care concerns and enhanced unemployment insurance benefits are often cited as top reasons for hesitancy in returning to work. But a third reason is fear of contracting the virus, a factor likely to be amplified by the spread of the more contagious Delta variant. At the Federal Reserve, the policymakers… Source link