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UK’s competition watchdog said on Tuesday it was looking into the mobile ecosystems of Apple (AAPL.O) and Alphabet’s Google (GOOGL.O), launching a study over concerns that the tech giants have market power that is harming users and businesses. Our Standards: The Thomson Reuters Trust Principles. Source link

A Kentucky teenager’s artwork in memory of his late father will appear on computers around the world Tuesday. Milo Golding’s “Finding Hope” was named the winner of the 2021 Doodle for Google competition, and the piece will appear on Google homepages. Golding, an 11th grader at Lexington Christian Academy, was told the good news by Google CEO Sundar Pichai after being named one of five finalists out of 54 students from every U.S. state and territory. “I can’t tell you how inspiring we found… 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 Tuesday, June 15, 2021 A transitory surge cools off.  Two months ago it took only one thing to be rich.  And that was a piece of lumber.  Through the spring, the surge in lumber prices became the market narrative as it covered every pandemic-related trend: Labor shortages, shipping constraints and housing demand — all in one place.  But now it… Source link

A survey shows hedge funds plan to increase their exposure to cryptocurrencies by 2026. Photo: Getty Images Bitcoin dropped below $40,000 (£28,410) on Tuesday morning even as a survey showed hedge funds interest is on the up and billionaire venture capitalist Tim Draper said he is sticking by his prediction that the cryptocurrency will reach $250,000 by the end of 2022 or early 2023. Bitcoin (BTC-USD) was down 1% and trading at $39,717 a day after it got a boost as American hedge fund magnate… Source link

Maurice Levy, chair of French multinational advertising and public relations company Publicis Groupe Dominique Charriau | Getty Images Digital privacy moves from Apple and Google are forcing the advertising industry to reconsider the way it works, Publicis Groupe’s Maurice Levy told CNBC. The chairman of the world’s third-biggest advertising company said changes to Apple’s iOS smartphone software and Google’s Chrome web browser meant advertisers were having to “revisit the whole way we are… Source link

The App is Back! Don’t forget to download the NBC Sports EDGE app to receive real-time player news, mobile alerts and track your favorite players. Plus, now you can check out articles and player cards. The Rockies were rightly maligned for the Nolan Arenado trade, but it does look like they got a pretty good one back in the deal in Austin Gomber. Gomber twirled a gem on Monday in Colorado against the Padres, hurling a career-high-tying eight shutout innings in the Rockies’ 3-2 victory…. Source link

Distance runner Shelby Houlihan was banned from the sport for four years after testing positive for an anabolic steroid, and she’s blaming a burrito. Houlihan, who is the current national champion and record-holder at both the 1,500-meter and 5,000-meter runs, wrote on Instagram on Monday that she had been banned for four years after testing positive for nandrolone, an anabolic steroid. The “most likely explanation” for the positive test, she said, was a “burrito purchased and consumed… Source link

Apparently, the heavy wrap on Trae Young‘s shooting shoulder worked. Following an 0-for-5 start from the field, the Atlanta Hawks point guard had his right shoulder wrapped by trainers at the end of the first quarter. Backcourt mate Bogdan Bogdanovic limped to the sideline soon after. The Philadelphia 76ers stretched their first-half lead to 18 points, and the Hawks looked cooked — surely bound for a second straight home loss and a 3-1 uphill climb in the Eastern Conference semifinals.  But… Source link

The City regulator has warned it will take legal action against Google and social media companies if they continue to accept advertisements for online financial scams that have flourished during the pandemic. The Financial Conduct Authority’s head of enforcement, Mark Steward, told the Treasury select committee on Monday that the UK had been blocked until recently from taking action against online platforms that failed to screen financial adverts to make sure they were approved by an… Source link

Soaring home prices made you house-rich? Here’s how to make the most of it The U.S. real estate market is often depicted these days as a place where the dreams of first-time homebuyers go to die. But it can be easy to forget (or ignore) just how positive an impact homeownership has on Americans lucky enough to survive the gauntlet. Thanks to escalating home prices, approximately 46 million homeowners were sitting on a record $7.3 trillion in equity at the end of 2020, according to mortgage… Source link