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A former financial regulator says the United States needs to step up its research into a central bank-issued digital currency, as the Federal Reserve explores the viability of a digital dollar. Christopher Giancarlo, who ran the Commodity Futures Trading Commission (CFTC) as its chairman from 2017 to 2019, is working with consulting firm Accenture on pilot programs that will test different use cases for a digital dollar in the United States. “What’s not being done, and what needs to be… Source link

Bloomberg Inflation Risk Intensifies With Supply Shortages Multiplying (Bloomberg) — Discover what’s driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily. Sign up hereSigns of inflation are picking up, with a mounting number of consumer-facing companies warning in recent days that supply shortages and logistical logjams may force them to raise prices.Tight inventories of materials as varied as semiconductors, steel, lumber… Source link

Yahoo and AOL, kings of the early internet, saw their fortunes decline as Silicon Valley raced ahead to create new digital platforms. Google replaced Yahoo. AOL was supplanted by cable giants. Now they will become the property of private equity. Verizon, their current owner, agreed to sell them to Apollo Global Management in a deal worth $5 billion, the companies announced Monday. The business housing the two brands, Verizon Media, is to be renamed (yet again) to Yahoo (sans the brand’s… Source link

NEW YORK (AP) — The WNBA signed a multiyear deal with Google on Monday to be the presenting partner for the league’s playoffs, part of the technology giant’s efforts to help champion women’s sports. Twenty-five WNBA games will be televised on ABC and ESPN in celebration of the league’s 25th season, with Google as the presenting sponsor. Google is the latest business to join the league as a “WNBA Changemaker,” a program that Commissioner Cathy Engelbert started last year.

MADISON, Wis. (WMTV) – A La Crosse Co. man who is charged with entering the U.S. Capitol when it was breached on January 6 was tracked down after Google handed over records showing a mobile device linked to him showed he was inside the building that day. The suspect, identified as Abram Markofski, is one of two men recently charged by federal prosecutors in connection with the assault on the Capitol building while electoral votes were being counted. A Dane Co. resident, Brandon Nelson, was… Source link

Official Release May 3, 2021 – As a WNBA Changemaker, Google Commits to Helping Women’s Basketball and Sports by Developing Innovative Marketing Activations, Robust Storytelling and Enhanced Google Product Experiences – – As Part of the Partnership, Google Collaborates with ESPN and WNBAto Deliver “25 for 25”: 25 Regular Season Games on ESPN networksfor the 25th Season of the WNBA – – Google Becomes Associate Sponsor of ESPN’s… Source link

President Joe Biden hasn’t hidden his desire to raise taxes on corporations and the wealthy to fund a $2.3 trillion infrastructure package and new social safety net programs.  The administration has consistently floated lifting the corporate tax rate to 28% from its current rate, a Trump-era low of 21%. More recently, Biden said he is targeting an increase in the capital gains tax on the wealthiest Americans to 43.4%, including a surtax. The existing capital gains tax stands at a top rate of… Source link

FILE – In this June 12, 2012 file photo, the Verizon logo is seen at Verizon store in Mountain View, Calif. Verizon is selling the segment of its business that includes Yahoo and AOL to private equity firm Apollo Global Management in a $5 billion deal. Verizon said Monday, May 3, 2021, that it will keep a 10% stake in the new company, which will be called Yahoo. (AP Photo/Paul Sakuma, File) AOL and Yahoo are being sold again, this time to a private equity firm. Wireless company Verizon will… Source link

undefined Stocks traded mixed on Monday, with the S&P 500 and Dow looking to kick off May on a high note while the Nasdaq declined. The S&P 500 added about 0.4%, while the Dow jumped by 0.9%. On Friday, the S&P 500 ended ended lower, but still closed out its best month since November with a monthly advance of more than 5%. In April, the communication services and consumer discretionary sectors led gains in the S&P 500, returning to a leadership position after lagging earlier in 2021 amid a… Source link

DETROIT – The philanthropic arm of tech company Google will help the city of Detroit to build a search tool that helps people find affordable housing. Officials announced Monday that the city of Detroit has been chosen to participate in Google.org’s Fellowship Program, through which Google employees will support the city as it works on the affordable housing locator tool free of charge. The goal of the tool is to simplify searching and applying for affordable housing in Detroit by listing… Source link