Stocks Dip, Futures Rise as Traders Mull Inflation: Markets Wrap

(Bloomberg) — U.S. equity futures climbed and stocks in Asia dropped Monday as investors assessed inflation risks amid improving economic activity. The dollar held onto gains. Hong Kong led losses amid low volumes with Japan and China, as well as the U.K., among markets closed for holidays. U.S. and European futures edged higher after the S&P 500 dropped from a record Friday, amid data pointing to price pressures and talk of a possible pullback in central bank support. Still, the U.S. gauge… Source link

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Boxer Felix Verdejo charged in grisly death of pregnant girlfriend

Felix Verdejo is chaged in the grisly death of his pregnant lover. (Mikey Williams/Top Rank via Getty Images) Lightweight boxer Felix Verdejo has been charged in the kidnapping death of his pregnant lover, authorities announced Sunday night.  Verdejo turned himself into federal agents in San Juan after the body of 27-year-old Keishla Rodriguez was found in a Puerto Rico lagoon. Rodriguez had been reported missing two days prior to her body being discovered in the U.S. territory. The U.S…. Source link

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Ethereum breaks past $3,000 to quadruple in value in 2021

SINGAPORE (Reuters) -Cryptocurrency ether broke past $3,000 on Monday to set a new record high in a dazzling rally that has outshone the bigger bitcoin, as investors bet that ether will be of ever greater use in a decentralised future financial system. Ether, the token transacted on the ethereum blockchain, rose 3% on the Bitstamp exchange to $3,051.99 by lunchtime in Asia. It is up more than 300% for the year so far, easily outpacing a 95% rise in the more popular bitcoin. In part, the big… Source link

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Australia’s Seven West Media signs Google, Facebook deals after media law feud

The headquarters of media broadcaster/publisher Seven West Media in Sydney, Australia February 14, 2017. Picture taken February 14, 2017. REUTERS/Jason Reed Australian television and newspaper firm Seven West Media Ltd (SWM.AX) signed multi-year content deals with Facebook Inc (FB.O) and Google as tough new media laws enabled the industry to secure new revenue sources and adapt to the internet age. The top-rating free-to-air broadcaster and publisher of Perth city’s main metro daily said on… Source link

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Final grades of all 32 teams

The picks are in, from No. 1 (Trevor Lawrence to the Jacksonville Jaguars) through No. 259 (Grant Stuard, aka “Mr. Irrelevant,” to the Tampa Bay Buccaneers), and we have broken all of them down. Here are our final team-by-team grades for the 2021 draft (picks listed by round and overall pick): AFC East Picks: 1-30: Miami EDGE Gregory Rousseau; 2-61: Wake Forest EDGE Carlos Basham; 3-93: Northern Iowa OT Spencer Brown; 5-161: Miami (Ohio) OT Tommy Doyle; 6-203: Houston WR Marquez Stevenson;… Source link

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Ether Hits $3,000 as Bitcoin’s Crypto Dominance Declines

(Bloomberg) — Bitcoin’s domination of total cryptocurrency market value is declining as its next-biggest rival Ether reaches the $3,000 milestone, suggesting room for more than one winner among digital tokens as the sector evolves. The largest digital currency now accounts for about 46% of total crypto market value of $2.3 trillion, down from roughly 70% at the start of the year, according to tracker CoinGecko. Second-ranked Ether is up to 15% and a group of others outside the top few has… Source link

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Australia’s Seven West Media signs Google, Facebook deals after media law feud

Bloomberg Warren Buffett Sees a ‘Red Hot’ Economy With Creeping Inflation (Bloomberg) — Warren Buffett delivered a clear verdict Saturday on the state of the U.S. economy as it emerges from the pandemic: red hot.“It’s almost a buying frenzy,” the Berkshire Hathaway Inc. chief executive officer said during the conglomerate’s annual meeting, which was held virtually from Los Angeles. “People have money in their pocket and they’re paying higher prices,” he said.Buffett… Source link

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Verizon Near Deal to Sell Yahoo and AOL

The private equity firm has been on a buying spree in the past few months, announcing deals to acquire the crafts retailer Michaels and the Venetian resort in Las Vegas. It has also had a shake-up in its senior ranks, with its co-founder, Leon Black, announcing in late March that he was stepping down as chairman after the revelation he had paid more than $150 million to the disgraced financier Jeffrey Epstein. Apollo declined to comment. Verizon didn’t respond to requests for comment…. Source link

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Bitcoin’s Potential as a Collateral Class

Bloomberg Warren Buffett Sees a ‘Red Hot’ Economy With Creeping Inflation (Bloomberg) — Warren Buffett delivered a clear verdict Saturday on the state of the U.S. economy as it emerges from the pandemic: red hot.“It’s almost a buying frenzy,” the Berkshire Hathaway Inc. chief executive officer said during the conglomerate’s annual meeting, which was held virtually from Los Angeles. “People have money in their pocket and they’re paying higher prices,” he said.Buffett… Source link

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