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Bloomberg Rich States Uncover Tax Windfall, Undercutting Push for Aid (Bloomberg) — It was a shocking, and seemingly improbable, figure.Eight months into the pandemic — and the brutal economic collapse it triggered — California’s budget watchdog said the state was poised to pocket a windfall of some $26 billion. Just as New York and Connecticut had revealed weeks earlier, tax revenue was coming in at a clip no one expected, thanks in part to the booming stock market.And so it has largely… Source link

TipRanks 3 “Strong Buy” Stocks That Are Still Undervalued After a year that most of us want to forget, 2021 is shaping up to start with stability and an even keel. The election is safely behind us, the new Biden Administration promises a ‘no drama’ approach, a closely divided and hyper-partisan Congress is unlikely to enact any sweeping legislation, reform or otherwise, and COVID vaccines are ready for distribution. It’s a recipe for a calm news cycle.Which makes it a perfect time to… Source link

The antitrust heat on Google is about to increase, according to a report. Politico reported late Tuesday that the Alphabet Inc. GOOGL, -0.14% GOOG, -0.17% search giant could face an antitrust lawsuit from several states as soon as Thursday. Google has already been sued by the Justice Department and a dozen states, which are targeting the company’s use of a search deal with Apple Inc. and the required inclusion of Google apps in… Source link

Experiments are underway at Google to engineer a sustainable ad-funded internet after the platform withdraws support in 2022 for the third-party cookie, the web’s default means of monetization since the 1990s. This includes a large-scale identifiability study that aims to establish a threshold of information publishers can access to personalize their websites to users of the market-leading Google Chrome browser, while preserving individuals’ privacy. Additionally, Google is testing a means… Source link

TipRanks 3 “Strong Buy” Stocks That Are Still Undervalued After a year that most of us want to forget, 2021 is shaping up to start with stability and an even keel. The election is safely behind us, the new Biden Administration promises a ‘no drama’ approach, a closely divided and hyper-partisan Congress is unlikely to enact any sweeping legislation, reform or otherwise, and COVID vaccines are ready for distribution. It’s a recipe for a calm news cycle.Which makes it a perfect time to… Source link

Google Stadia has finally made its way to iOS over a year after launch. The company’s mobile web beta for the iPhone and iPad, first announced last month, is launching today. That means any Stadia user on either its free tier or its paid Stadia Pro subscription will be able to access their library of Stadia games on Apple devices. Google, like other competing cloud services, is using mobile Safari due to Apple’s restrictions on cloud gaming apps that mean platforms like Stadia… Source link

Google’s latest Chromecast with Google TV is filling in one of its biggest missing apps, with the company announcing that it’ll soon be offering an Apple TV app in early 2021. The Apple TV app will function similarly to other versions of Apple’s service on other devices, allowing subscribers to watch Apple TV Plus original shows, movies, and documentaries (including Ted Lasso and other shows that are not Ted Lasso, which are therefore less good). Those Apple TV originals will be… Source link

The price of bitcoin surged past the $20,000 mark on Wednesday morning to $20,820, a new all-time-high and the latest milestone in a 2020 surge that accelerated during the COVID-19 pandemic. The new high took bitcoin’s market cap to $384 billion. Bitcoin already bested its December 2017 peak on Nov. 30 when it topped $19,800, but it swung wildly in the days after, and $20,000 was seen as a major resistance level. The majority of cryptocurrency exchange sites say this is the first time… Source link

Stock futures rose Wednesday morning, pointing to another session of gains as investors considered lawmakers’ final efforts to get a stimulus package through before year-end, and awaited the Federal Open Market Committee’s December monetary policy decision. Contracts on all three major indices headed toward a higher open, but came off overnight session highs after a much weaker-than-expected print on November retail sales, which showed a sharper drop in consumer spending than anticipated… Source link

LeBron James #23 of the Los Angeles Lakers warms up prior to the start of the game against the Miami Heat in Game Six of the 2020 NBA Finals at AdventHealth Arena at the ESPN Wide World Of Sports Complex on October 11, 2020 in Lake Buena Vista, Florida. (Photo by Douglas P. DeFelice/Getty Images) The U.S. began rolling out the first COVID-19 vaccine this week, from Pfizer and BioNTech, while the FDA weighs approval of the Moderna vaccine. The next challenge is to get the majority of Americans… Source link