Tag Archives: booms

A top Treasury official on Tuesday is expected to make the case to Congress that there are gaps in the framework for stablecoins, should they become widely used by households and businesses. As lawmakers and the White House weigh oversight of the booming cryptocurrency sector, regulators and policymakers need to monitor stablecoins closely, according to Nellie Liang, Undersecretary for Domestic Finance. Liang is testifying before the House Financial Services Committee as the sole witness on… Source link

Business is good for Mountain View, California-based Google. Stephen Shankland/CNET Google’s battle with antitrust… Source link

The May fell short of lofty expectations, adding fewer jobs than economists expected and underscoring the challenges the U.S. economy faces in trying to reboot the workforce after COVID-19 lockdowns. Small businesses are no exception. by the National Federation of Independent Business (NFIB) found that a record-high 48% of small business owners in May had unfilled job openings. Additionally, 34% of owners reported having to hike pay the highest reading in the past 12 months, and 22% more… Source link

Russian internet giant Yandex has raised its 2021 revenue forecast, saying that strong growth in newer business areas such as e-commerce and food delivery pushed advertising’s share of group revenues below 50% for the first time. Yandex’s advertising and search business, still the driving force of its profits, has recovered from a hit during the early stages of the COVID-19 pandemic. At the same time, its revenue growth has been outpaced by the newer business… Source link

Google’s results, showing a surge in ad sales related to travel and retail, offered a glimpse of online spending in a post-pandemic world: Businesses are boosting digital marketing to capture a public eager to resume something resembling normal life again. Google parent Alphabet Inc. said first-quarter revenue, excluding payments to distribution partners, came in at $45.6 billion, pummeling Wall Street estimates. The company also unveiled a big new share buyback, sending the stock up as… Source link

(Bloomberg) — Nasdaq Inc., an exchange that has never hosted a major direct listing, is about to try its hand on the most valuable company to go public using one.Coinbase Global Inc., the largest U.S. cryptocurrency exchange, is set to debut on Wednesday through a direct listing, an alternative to a traditional initial public offering that has only been deployed a handful of times. While Slack Technologies Inc., Palantir Technologies Inc. and most recently Roblox Corp. all listed on the New… Source link

InvestorPlace 7 Bellwether Stocks to Buy That Will Soar As Normalcy Nears The stock market seems to be pricing in a lot of “normality” into valuations across the board. Stocks aren’t cheap, with investor sentiment broadly bullish. That makes scouting out bellwether stocks, true signals our world is returning to pre-pandemic ways, a difficult task. Furthermore, what’s “normal” is a matter of subjective interpretation. However, when I think of what normal looks like, it looks a lot… Source link

Thursday, December 11, 2020 Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe History says stocks can keep going up The stock market’s 2020 plunge and rebound to new record highs has been truly impressive. But it’s also been far from unprecedented. And as investors look ahead to next year, they should keep in mind that further gains would not be unprecedented either. Even with stocks trading near record highs. In a new 2021 market outlook,… Source link