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India’s antitrust watchdog has opened an investigation into Google for allegedly abusing the dominant position of its app store and Android mobile operating system to promote its payments service in the world’s second largest internet market. In its Monday announcement (PDF) about opening an antitrust case against Google, Indian watchdog Competition Commission of India (CCI) said it would review claims whether Google “unfairly” skews the search results on… Source link

The former CEO of Google, Eric Schmidt, is finalizing a plan to become a citizen of the island of Cyprus, Recode has learned, becoming one of the highest-profile Americans to take advantage of one of the world’s most controversial “passport-for-sale” programs. Schmidt, one of America’s wealthiest people, and his family have won approval to become citizens of the Mediterranean nation, according to a previously unreported notice in a Cypriot publication in October. While it is not… Source link

TipRanks These 3 Penny Stocks Could Rally Over 100%, Says Roth Capital Does high risk mean high reward? Not necessarily, so say the pros on Wall Street. Specifically citing penny stocks, or stocks that trade for less than $5 per share, analysts advise caution as these names might still be in the early innings, or it could be that they face an uphill battle that is just too steep.Luring investors with their bargain price tags, these stocks might be up against overpowering headwinds or have weak… Source link

New Delhi: The Competition Commission of India has opened yet another antitrust case against Google, this time looking into the company’s payments app, Google Pay. The case alleges that Google unfairly promoted its own payments app via “prominent placement on the Play Store” and “imposing unfair terms on users by requiring them to use Google Pay which is not in compliance with the data localisation directive issued by Reserve Bank of India and the guidelines issued by NPCI”. … Source link

The Pixel 5, which looks pretty good. Ron Amadeo … Source link

Business Wire LX Deadline: Bronstein, Gewirtz & Grossman, LLC Reminds LexinFintech Holdings Ltd. Investors of Class Action and Lead Plaintiff Deadline: November 9, 2020 Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against LexinFintech Holdings Ltd. (“LexinFintech” or the “Company”) (NASDAQ: LX) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired LexinFintech securities (a) pursuant and/or traceable to… Source link

A now President-elect Joe Biden is known in D.C. circles as a consummate dealmaker, the throwback politician with the unique ability to lend an olive branch to those VIPs in the Republican Party. Biden’s dealmaking prowess will be put to an early test amid renewed stimulus talks during the transition period to the White House and then ultimately, once he occupies the Oval Office. Strategists up and down Wall Street are placing their chips on Biden — probably dealing with a… Source link

(Bloomberg) — Stocks are extending a global rally on the clearest sign of progress yet in developing a vaccine to stem the Covid-19 pandemic. Futures on the S&P 500 jumped 3% after news that the vaccine being developed by Pfizer Inc. and BioNTech SE prevented more than 90% of infections in a study of tens of thousands of volunteers. Contracts on the Russell 2000 Index of small-cap stocks surged 7%. Pfizer’s Covid Vaccine Prevents 90% of Infections in Large Study The vaccine announcement… Source link

Monday, November 9, 2020 Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe While uncertainty persists, there have been no market-shaking surprises Joe Biden won the 2020 presidential election, the AP projected Saturday. And so we can now refer to the former Vice President as President-elect. For investors, this removes some uncertainty. However, two important questions remain unanswered: 1) what will the outcome of President Trump’s contesting… Source link

Yahoo Mail will discontinue automatic email forwarding for free users from January 1 next year, in order to reduce hacking attempts. Verizon, which bought Yahoo in 2017, announced the move in an update and the existing users will need to get a Pro account, which costs $34.99 per year, or $3.49 a month. “Beginning January 1, 2021, automatic forwarding of emails from your Yahoo inbox to a third party email account will no longer be a feature of free Yahoo Mail accounts,” the company… Source link