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Russia aims to develop super-fast 6G technology, skipping the deployment of 5G networks altogether, hoping to achieve a generational leap. The Russian government is going to invest more than 30 billion rubles ($501m) in research, supervised by Oleg Ivanov, a former deputy minister of the Ministry of Digital Development, now the head of the Radio Research and Development Institute (NII Radio). This is, to put it mildly, ambitious. Russia failed to build 5G networks,… Source link

President Joe Biden on Friday offered an update on the launch of his administration’s student loan forgiveness efforts, announcing that in just under a week, nearly 22 million people applied online. “In less than a week, close to 22 million people have already given us the information,” Biden said during a visit to Delaware State University. “It takes less than five minutes.” The beta version of the application for up to $20,000 in loan forgiveness launched on Oct. 15 followed by the… Source link

On Monday, Donald Trump will enter a new phase in his financial and legal challenges when jury selection begins in the Manhattan district attorney’s criminal tax fraud trial against his business. The Trump Organization might face an uphill battle on the legal merits of the case, as its former CFO, Allen Weisselberg, already pleaded guilty and is set to implicate his former employer. But the structure of the Trump Organization and its status as a holding company could make it hard to punish… Source link

As a synchronized rout in stocks and bonds this year sours the outlook for 60-40 portfolios, some strategists see an opportunity for a new-and-improved investing framework. MSCI, in conjunction with GIC – a sovereign wealth fund of the Government of Singapore – this week proposed an alternative to the mainstay equities and fixed income mix that has long been a favorite of long-term investors: an asset allocation that integrates macroeconomic risk considerations. With inflation running near… Source link

This article is part of our Yahoo DFS Baseball series. The NLCS resumes Friday with things knotted up at a game apiece. The Padres will turn to Joe Musgrove, who had a great regular season with his 2.93 ERA and 3.59 FIP. The Phillies will deploy Ranger Suarez, who walked five batters over just 3.1 innings against the Braves in the NLDS. He did record five strikeouts, though, and was able to escape by allowing only one run. This game brings another opportunity to play Yahoo’s… Source link

The Los Angeles Sparks finalized a multi-year deal with two-time Coach of the Year Curt Miller as their next head coach, sources told Yahoo Sports on Friday. The Sparks announced the hire later Friday. Miller led the Connecticut Sun to the 2022 WNBA Finals, where they lost in four games to the Las Vegas Aces. As general manager and head coach, Miller shaped the Sun into title contenders over the past handful of seasons. But they have yet to break through for the franchise’s first… Source link

Former President Trump launched a “trade war” with China in 2018 that mostly produced a series of economic skirmishes and logistical workarounds. Trade between the two nations continued, with some collateral damage where Trump lobbed a tariff, or China lobbed back retaliatory measures. With far less fanfare, the Biden administration has launched a new broadside against China that could do far more damage to its economy than anything Trump contemplated, and trigger unprecedented… Source link

Elon Musk.Adrees Latif/Reuters Elon Musk could have to sell up to $10 billion in Tesla stock next week to complete his Twitter buyout, according to Dav Ives of Wedbush. “The more investors that bail on this deal is the more money that Musk needs to contribute and therefore sell more Tesla stock,” Ives said. Ives called Musk’s $44 billion deal for Twitter a “train wreck.” Elon Musk could be forced to sell $5 billion to $10 billion in Tesla stock next week as he prepares to complete a $44 billion… Source link

Halep of Romania says the fight against this suspension is about “honor” (Danielle Parhizkaran-USA TODAY Sports). Simona Halep, former world No. 1, has been provisionally suspended by the International Tennis Integrity Agency (ITIA) after testing positive for a banned substance at this year’s US Open. Halep, according to a Friday statement from the ITIA, provided a sample that contained Roxadustat. The substance is listed in the 2022 World Anti-Doping Agency (WADA) prohibited list. Halep… Source link

U.S. stocks rallied Friday as investors parsed through a medley of corporate financial results and considered the possibility Federal Reserve officials may stop raising rates sooner than anticipated. In remarks at a meeting Friday, San Francisco Federal Reserve President Mary Daly said the U.S. central bank should avoid tipping the economy into an “unforced downturn” and that it was time to consider easing the pace of hikes. The S&P 500 (^GSPC) bounced 1.8%, while the Dow Jones Industrial… Source link