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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

Next Michael Saylor will be holding a bake sale to fund his bitcoin purchases. On the same day MicroStrategy, the business intelligence software firm that Saylor runs, announced it had completed the sale of $500 million in bonds to increase its stash of the leading cryptocurrency, the firm said it plans to sell up to $1 billion in stock to buy even more. MicroStrategy’s bitcoin trove is so big that owning the cryptocurrency is now described in the company’s filings with the U.S. Securities… Source link

Last fall, Google’s in-house incubator Area 120 introduced a new work-tracking tool called Tables, an AirTable rival that allows for tracking projects more efficiently using automation. Today, Google says Tables will officially “graduate” from Area 120 to become an official Google product by joining Google Cloud, which it expects to complete in the next year. The Tables project was started by long-time Google employee, now Tables’ GM Tim Gleason, who spent 10 years at the… Source link

The new, unified Gmail rolling out to consumers today. In the sidebar, you get buttons for Gmail Inbox, Google Chat chats, Google Chat rooms, and Google Meet. You can also open this split-screen Google Docs view. … Source link

Novavax (NVAX) will be able to pursue emergency use authorization following new information that shows its COVID-19 vaccine is 90% effective. The company’s authorization, which will likely be filed in the third quarter of this year, would make it the fourth to be available in the U.S. if greenlit by the U.S. Food and Drug Administration (FDA). The Phase 3 trial in the U.S. and Mexico tested the vaccine in 30,000 individuals.It’s most differentiating factor was the presence of all coronavirus… Source link

Tensions between the U.S. and China are likely only to worsen under the Biden administration, according to Raymond James Managing Director Ed Mills. “This kind of relationship is going down a path of great confrontation,” said Mills, who is also the financial services firm’s Washington policy analyst. “I think we are going to see an increase in the conversation about the decoupling and more conversations about ‘Are we going into another Cold War between these two economies?'” Mills… Source link

Senate Minority Leader Mitch McConnell says it would be “highly unlikely” that he’d allow President Biden to fill a Supreme Court vacancy in 2024 if Republicans were to take control of the chamber. Appearing Monday on conservative radio host Hugh Hewitt’s show, McConnell was presented with a hypothetical of a Supreme Court vacancy after a GOP victory in the 2022 midterm elections. The scenario was based on what occurred in 2016, following the death of Supreme Court Justice Antonin… Source link

Rep. Jim Jordan of Ohio. Graeme Jennings-Pool/Getty Images Rep. Jim Jordan appeared to criticize Biden on Monday for attending diplomatic summits in Europe. “While Biden pals around with his buddies in Europe, the border crisis rages at home,” he tweeted. Conservatives have sought to make immigration at the US-Mexico border a rallying cry against Biden. Sign up for the 10 Things in Politics daily newsletter. GOP Rep. Jim Jordan of Ohio on Monday appeared to criticize President Joe Biden for… Source link

A look at search activity on Google indicates that U.S. consumers may be cooling off a little bit. Ben Breitholtz, a data scientist at Arbor Research, examines Google search activity as a gauge for consumer sentiment. On an episode of the “Odd Lots” podcast last year, he explained how watching this data was helpful in navigating the recovery in real time. Right now, he’s seeing some signs that the torrid pace of consumption we’ve seen is starting to cool just a little. … Source link