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(Bloomberg) — Bitcoin’s rally hit a speed bump as the world’s largest cryptocurrency witnessed its worst weekly decline in almost a year amid wider losses in risk assets. The digital token slumped 20% this week, the most since the pandemic-fueled selloff last March. The wider Bloomberg Galaxy Crypto Index, tracking Bitcoin, Ether and three other cryptocurrencies, was down 23% for the same period. Bitcoin fell 5% to trade at $45,672 as of 5:00 p.m. in New York, according to consolidated… Source link

Johnson & Johnson’s (JNJ) single-dose COVID-19 vaccine was given an emergency use authorization (EAU) Saturday evening by U.S. Food and Drug Administration (FDA), making it the third vaccine available in the U.S. The Vaccines and Related Biologics Products Advisory Committee (VRBPAC) voted unanimously Friday to recommend use of the vaccine on adults aged 18 and older, based on all the data submitted by the company, and the vaccine was endorsed by FDA staff earlier in the week. J&J’s vaccine,… Source link

Legendary investor and polymath Charlie Munger, Berkshire Hathaway’s vice-chairman and Warren Buffett’s long-time business partner, has said several times the best way to learn about business is to study the multi-decade financial results of great businesses. Business schools that don’t adopt this method are doing their students a disservice, he said. “The Harvard Business School, when it started out way early, they started out with a history of business. They take you through the building… Source link

(1:30) – Centrifugal Force: Markets Coil Then Jump (9:20) – Big Move In Bonds: Financial Plumbing Pressures (15:10) – Richly-Valued Growth Stocks Overdue to Correct (20:40) – GameStop Stock Surges Again: How a Pro Traded It (24:15) – Stimulus + Growth + Inflation = Commodity Prices Rising (29:00) – Technical Targets for the Nasdaq 100 (37:00) – Good Lessons For New Investors are Everywhere Podcast@Zacks.com  Mind Over Money Archive   Whether or not the stock market just peaked for the near-term of… Source link

The most enduring image from the USA women’s gymnastics 2012 Olympic team wasn’t of gold-medal-celebrating athletes or a stuck landing at the end of a championship routine. It was one of self-doubt and disappointment. It came courtesy of McKayla Maroney, undeniably the world’s best vaulter at the time, who nonetheless was denied a gold medal after she shockingly fell on her second attempt. Had she landed square, she would have won easily. She didn’t and had to settle for silver. On the… Source link

Workers whose states denied them unemployment aid during the COVID-19 pandemic may be able to retroactively access benefits back to Feb. 2, 2020, according to a new Labor Department rule issued Thursday. The Department of Labor (DOL) broadened access to the federal pandemic unemployment assistance (PUA) established under the CARES Act, and comes in response to a Jan. 22 executive order seeking clarification on who qualifies for it. The DOL rule expands eligibility to certain workers who… Source link

Two new reports from Bloomberg and Wired have shed light on some of Google’s failures in building its Stadia cloud gaming service. The reports come just a few weeks after Google announced it would be shutting down its in-house Stadia game development studios. One key issue, according to Wired, is that Google may not have put as much investment in its internal studios as its much-hyped plans for Stadia may have suggested. Stadia chief Phil Harrison announced Google’s Stadia Games and… Source link

TipRanks 2 ‘Strong Buy’ Stocks With 7% Dividend Yield You can get whiplash, trying to follow the market fluctuations these days. Volatility rules for now, as investors are pulling out of Big Tech – a move that is pushing the general markets down. The bearish sentiment comes as new COVID case numbers are falling, along with the weekly unemployment claims. Both are positive news bites for the economy, and will help to justify increased economic opening. At the same time, a Congressional… Source link

Currents is the enterprise social network you might not have known your Google Workspace organization needed, or even had. Google discussed Currents during a session at Google Next in 2019. Image: Andy Wolber/TechRepublic What’s Hot at… Source link

Bitcoin has tumbled about 15% in the past week. Despite its price appreciation this year (up more than 60%) and the enthusiasm around trading bitcoin, its acceptance as payment for transactions is still relatively low. That’s not likely to change in 2021— at least not on online marketplace Etsy. “I don’t think it’s quite ready yet to be tender,” said Etsy CEO Josh Silverman in an interview with Yahoo Finance Live. “You need a lot of people holding it before it is actually useful as a form… Source link