Biden administration move for disabled borrowers was ‘the bare minimum,’ advocacy group says

Advocacy groups are calling on the Education Department (ED) to forgive $8 billion in student debt held by nearly 518,000 borrowers who are totally and permanently disabled. The groups sent a letter to Education Secretary Miguel Cardona on Friday morning, stating that the department’s existing regulations “unnecessarily prevent qualifying borrowers from accessing and maintaining loan cancellation.” ED confirmed to Yahoo Finance that the agency received the letter and did not provide additional… Source link

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Bitcoin to tumble further: oddsmakers bet on drop to $10K – Yahoo Finance

Bitcoin’s (BTC-USD) chances of falling below $10,000 have increased significantly since mid-April, according to betting aggregators US-Bookies.com. The odds that Bitcoin drops to $10,000 in 2021 were 8/11 (57.9% implied probability), a sharp increase from mid-April, where the odds were 4/1 (20%). “The latest trends have not indicated a positive outcome for the popular cryptocurrency,” a US-Bookies spokesperson said. Bitcoin rose over $2,000 Thursday after the Basel Committee recognized… Source link

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Google won’t end support for tracking cookies unless UK’s competition watchdog agrees – TechCrunch

Well this is big. The UK’s competition regulator looks set to get an emergency brake that will allow it to stop Google ending support for third party cookies, a technology that’s currently used for targeting online ads, if it believes competition would be harmed by the depreciation going ahead. The development follows an investigation opened by the Competition and Markets Authority (CMA) into Google’s self-styled ‘Privacy Sandbox’ earlier this year. The regulator will have the… Source link

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Google pledges to resolve ad privacy probe with UK watchdog – Associated Press

[unable to retrieve full-text content] Google pledges to resolve ad privacy probe with UK watchdog  Associated Press UK competition regulator gets a say in Google’s plan to remove browser cookies  CNBC Google pledges to work with UK regulator in plan to remove browser cookies  Reuters UK CMA to have key oversight role over Google’s planned removal of third-party cookies  GOV.UK View Full Coverage on Google News Source link

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Facebook’s Global Head of Advertising biz Carolyn Everson exits

Facebook VP, Global Business Group Carolyn Everson is departing the social media company after spending over a decade. She was responsible for growing the global advertising business. “After 10 1/2 years, I have left Facebook. I am extremely proud of what we set out to accomplish but way more proud of my team and the support we showed each other, especially in difficult times. I always said no one will ever mention at my funeral the amount of revenue I… Source link

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Look at this graph: Morning Brief

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, June 11, 2021 Even amid Fed rate hikes, stocks usually go up Rampant inflation in an overheating economy is bad. And so to fight that or prevent that, the Federal Reserve is expected to tighten monetary policy via the tapering of its quantitative easing program and the hiking of its fed funds rate. Currently, employment is rising and the Source link

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UK competition regulator gets a say in Google plan to remove cookies

The logo of Google Chrome shown on a smartphone. Thomas Trutschel | Photothek via Getty Images LONDON — Britain’s competition regulator will have a say in Google’s plan to remove third-party browser cookies that track people online. The Competition and Markets Authority said Friday that it had secured commitments from Google to address concerns about the proposal. The CMA is worried that the plans will harm newspapers and other businesses that rely on personalized ads. Web cookies are small… Source link

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Amazon, Google execs lead U.S. Senate panel antitrust hearing witness list

Executives from Alphabet’s Google (GOOGL.O) and Amazon.com (AMZN.O) head the list of witnesses for a hearing before the Senate Judiciary Committee’s antitrust subcommittee next week, along with an executive from speaker maker Sonos Inc (SONO.O), which has been critical of the two tech giants. Ryan McCrate, an associate general counsel, will speak for Amazon while public policy specialist Wilson White will testify for Google, said Senators Amy Klobuchar, chair of the panel, and Mike Lee, the… Source link

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UK competition watchdog secures Google commitments on third-party cookies

Britain’s competition regulator said on Friday it had secured commitments from Google (GOOGL.O) about the tech giant’s proposal to remove third-party cookies from its Chrome browser. The Competition and Markets Authority (CMA) said the commitments were a result of action it launched against the U.S. company in January following concerns that its proposals could restrict competition in digital advertising. read more Third-party cookies are used by digital advertisers to personalise and target… Source link

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