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Google tries out new ad targeting technology, PayPal adds cryptocurrency support and Substack raises additional funding. This is your Daily Crunch for March 30, 2021. The big story: Google starts testing its cookie alternative Google announced today that it has begun rolling out a new technology called Federated Learning of Cohorts (FLoC) in a developer trial. FLoC is meant to serve as an alternative to personally identifiable cookies (which are being phased out by Google and other… Source link

“Unbelievable” photos have emerged of swarms of people in parks and at beaches days after tough coronavirus restrictions were relaxed. On Monday, people in the UK who had been in lockdown all year were allowed to again meet in parks and gardens as two separate households or groups of six while maintaining social distancing. However, photos have emerged from popular Brighton Beach and the Hyde Park area of Leeds showing keen Brits packed together in scenes that have not been witnessed since the… Source link

Bloomberg Hong Kong Is Set to Target First SPAC Listing by End of Year (Bloomberg) — Hong Kong is expected to have its own blank check company listing framework ready in June for public feedback and targets allowing deals to start by the end of this year, according to people familiar with the matter.The city is looking at tighter rules for sponsors of special purpose acquisition company listings and their buy-out targets than those enforced in the U.S., said the people, who asked not to be… Source link

Biden is canceling another $1.3B in student loan debt. Who qualifies? The Biden administration has announced plans for another wave of student debt forgiveness, this time involving more than $1.3 billion in federal student loan debt held by more than 230,000 people. In many cases, their loan balances were previously wiped out by the government, but then came back — like zombies — because the borrowers had failed to keep officials updated about their incomes. The administration says it’s… Source link

A Yahoo News story warning that “Florida COVID numbers face new scrutiny” incorrectly framed the key finding of the study it profiled, according to the principal researcher of the study in question as well as other researchers quoted in the same article. “Florida is undercounting the number of people who died from COVID-19 by thousands of cases, casting new doubt on claims that Gov. Ron DeSantis navigated the coronavirus pandemic successfully,” begins the fear-mongering story,… Source link

A host of liberal websites and personalities gleefully shared a Yahoo story Tuesday purporting Florida undercounted its coronavirus deaths by thousands, but the story quoted more experts undercutting its premise than supporting it. The piece by left-wing reporter Alexander Nazaryan, headlined “Florida COVID numbers face new scrutiny,” leads with “new research” that the state isn’t accurately reporting its death count, but critics of the article said it was the result of amateur data… Source link

Bloomberg Big Oil’s Secret World of Trading (Bloomberg Markets) — It was a bleak moment for the oil industry. U.S. shale companies were failing by the dozen. Petrostates were on the brink of bankruptcy. Texas roughnecks and Kuwaiti princes alike had watched helplessly for months as the commodity that was their lifeblood tumbled to prices that had until recently seemed unthinkable. Below $50 a barrel, then below $40, then below $30.But inside the central London headquarters of one of the… Source link

TipRanks 2 “Strong Buy” Penny Stocks That Could Go Boom Arguably the most controversial on the Street, penny stocks are a hot-button issue. Usually, there isn’t a lot of middle-ground with respect to these tickers priced for less than $5 apiece. Dividing market watchers into two distinct groups, both sides present valid arguments laying out the pros and cons. Sure, there is reason enough to be skeptical. Often, a cheap stock is cheap for a reason, with the low share price potentially… Source link

Bloomberg Coca-Cola Considers Options for $6 Billion Africa Unit (Bloomberg) — Coca-Cola Co. is weighing options for its bottling business in Africa, including a sale or initial public offering, according to people familiar with the matter.The soft drinks giant holds 66.5% of Coca-Cola Beverages Africa and is speaking with potential advisers about its exit options, the people said, asking not to be named as the details aren’t public. A sale or IPO of the stake could value the African… Source link

FILE PHOTO: The Google sign is shown on one of the company’s office buildings in Irvine, California, U.S., October 20, 2020. REUTERS/Mike Blake/File Photo WASHINGTON (Reuters) – Lawyers for Alphabet’s Google and the government tangled on Tuesday over how many documents related to the Justice Department’s antitrust lawsuit against the search and advertising giant should be turned over, and how fast. In a status conference before Judge Amit Mehta of the U.S. District Court for the District… Source link