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Futures dipped in Wednesday’s after-hours session, pointing to a lower open on Wall Street, with investors struggling to reconcile a still hot jobs market with an economy that’s seen its momentum dented by soaring COVID-19 infections.  On Wednesday, the Dow Jones Industrial Average and S&P 500 Index posted their 3rd consecutive day of losses, and the technology-laced Nasdaq fell for the first time since last week. The market has mostly taken disappointing news in stride, but August’s jobs… Source link

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hi friends! Welcome to the Daily Crunch for Wednesday, September 8, 2021. Alex is still out, so I’ll be steering this ship for a few more days while (I hope) he stares at trees, or the ocean, or really anything but words on a computer screen. Alex, if you’re reading this, please put your phone in airplane mode and do something cool. — Greg The… Source link

Google reached a settlement with a fired employee who the National Labor Relations Board (NLRB) claims was let go from the company for his workplace activism, Bloomberg reports. The employee, Laurence Berland, was fired in 2019 allegedly for violating Google’s data security policies. He had been a vocal critic of Google’s work with the US Customs and Border Protection and was terminated amid internal organizing. The settlement was approved in July by the NLRB, though the terms… Source link

Uber is set to sell its ownership stake in a handful of joint ventures with Russian Internet giant Yandex. According to a release from Yandex, Uber’s board approved the sale of shares in Yandex.Eats, Yandex.Lavka and Yandex.Delivery. Uber is set to sell 33.5-percent stake in the grocery delivery service, the hyper-local convenience delivery program the company’s last-mile logistics solution respectively. Uber will also sell its 18.2 percent stake in the Yandex Self-Driving Group… Source link

The student loan debt crisis arose after legislative changes over the years that created a system of largely unchecked lending to millions of students, according to a reporter and author of a new book. “If you just keep on issuing student debt in the same fashion, which is basically giving families a blank check, you’re just going to have more and more families end up in unrepayable debt over the years, and it doesn’t really solve the underlying issue,” Josh Mitchell, Wall Street Journal… Source link

As cool as videoconferencing hardware can look, it’s often exorbitantly expensive — the $2,000 Series One Desk 27 for Google Meet being a perfect example. Luckily, alongside that expensive Meet machine, Google also announced its “Designed for Google Meet” program and a more affordable first entry, the Rayz Rally Pro. It’s a $200 Nest Mini-like phone speaker that doubles as a microphone for Google Meet calls. The Rayz Rally Pro comes in a gray-tone fabric-covered body that looks… Source link

Bitcoin’s hasty retreat from $50,000 in the wake of El Salvador’s widely publicized move to allow the digital coin to be used as legal tender left many in the marketplace scratching their heads. In whipsaw trading on Wednesday, Bitcoin (BTC) was down by nearly 2% on the day, though off its steepest declines of the day. Since hitting its Mid-July low of $29,000, Bitcoin has rallied, hitting nearly $53,000 early Tuesday morning before plummeting to a low of $45,000. As investors mulled a “flash… Source link

Special to Yahoo Sports With Week 1 officially upon us, it’s time to finally start building DFS lineups. Before doing that, though, fantasy managers should consider how they can get the most bang for their buck while also maximizing upside. Yahoo Daily Fantasy has added rules and contests in 2021 that ensure both new and experienced DFS players have the best environment possible. Getting the most bang for your DFS buy-n When searching for contests to enter, DFS players should be looking for… Source link

Coming back from the Labor Day weekend, Tesla (TSLA) shares marked a 2.64% gain on Tuesday, trading at just over $750 by market close. And while some experts are targeting $3,000 per share, TD Ameritrade Chief Market Strategist JJ Kinahan explains why TD’s clients are selling Tesla in the near term. “[TD Ameritrade’s clients] sold [Tesla shares] in July and August, which I think is very interesting overall,” Kinahan told Yahoo Finance Live. “[They sold for] a couple of reasons…. Source link

Despite investment banks such as Morgan Stanley and Credit Suisse recently cutting their U.S. equity outlooks, one would be hard-pressed to not find bulls continuing to outnumber bears on Wall Street.  Chat up any strategist on the Street and most are apt to play down the impact of the Delta variant on the U.S. economy, while playing up the potential for companies to expand profit margins further. The bulls — and again they continue to rule the roost —are also quick to point out strong… Source link