Tag Archives: explains

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 Thursday, July 29, 2021 Things happen in markets, according to the Fed chair The Federal Reserve wrapped up its latest two-day policy meeting on Wednesday, and offered investors a few surprises.  As Yahoo Finance’s Brian Cheung notes, the Fed’s statement and subsequent press conference from Fed chair Jerome Powell “hinted that the U.S. economic… Source link

Unvaccinated individuals are experiencing a sharp rise in new coronavirus cases as the Delta variant becomes increasingly pervasive across the U.S. According to CDC Director Rochelle Walensky, the Delta variant now accounts for 83% of all COVID cases in the U.S., a 33% increase from two weeks ago. Walensky added that 99.5% of all COVID-related deaths in the country over recent months have been among unvaccinated Americans. “This is a critical time during our pandemic and particularly we… Source link

If anyone can say they know the ins and outs of crypto, it’s the 29-year-old billionaire founder of crypto exchange FTX, Sam Bankman-Fried. Not only has he built up an impressive personal net worth by being ahead of the curve in crypto trends, he’s also built FTX into one of the fastest growing crypto platforms through first-of-their-kind partnerships.  First, there was the first-ever crypto deal with a major U.S. sports team by locking up the naming rights to the Miami Heat’s arena. Then,… Source link

The San Jose Sharks will become the first National Hockey League team to accept cryptocurrency next season — but it’s not an elaborate play to gain value from the assets. Instead, Sharks President Jonathan Becher told Yahoo Finance this week that he believes blockchain technology will make ticket exchanges more secure. “It’s good for consumers because it reduces fraud,” Becher told Yahoo Finance Live. “Crypto is nearly impossible to counterfeit … and fraudulent tickets and… Source link

The cost of health care in the U.S. has grown worse in recent years as Americans continue taking on unprecedented levels of medical debt. The issue has gotten so bad that one New York-based 501 charity, RIP Medical Health, uses donations to buy up people’s medical debt. The organization recently announced a purchase of $278 million in medical debt owed by roughly 82,000 patients in the Tennessee and Virginia regions. “Medical debt is the no. 1 cause of bankruptcy in the United States,… Source link

Arizona Cardinals quarterback Kyler Murray is Texas born and raised, but those roots don’t extend to Dallas Cowboys fandom.  Murray didn’t hold back when explaining why he wasn’t a fan.  “They were always ass,” Murray told reporters at a Sports Illustrated release of his magazine cover (h/t Blogging the Boys).  Murray said he was a fan of the Minnesota Vikings as a kid.  Cowboys during Kyler Murray’s lifetime  Murray was born in 1997 and attended Allen High School north of Dallas. He went to… Source link

Reuters Warren: U.S. government needs to confront crypto threats ‘head on’ U.S. Senator Elizabeth Warren on Wednesday called on U.S. policymakers to directly tackle issues presented by the growing use of cryptocurrency, while saying a Federal Reserve-backed digital currency shows “great promise.” Democrat Warren, a prominent Wall Street critic and consumer advocate, said cryptocurrency’s promise of boosting everyday Americans has failed to materialize, and instead the government must act to… Source link

Russian President Vladimir Putin has been a constant challenge for every American president since Bill Clinton — and now it’s Joe Biden’s turn. The upcoming summit between the U.S. and Russian leaders represents a major diplomatic test for Biden’s administration at a time when antagonism between Washington and Moscow is at its worst in decades. Yahoo News National Security Correspondent Zach Dorfman previews what to expect. Source link

You can’t say “Mr. Wonderful” didn’t warn you. Shark Tank host Kevin O’Leary was among the first in the investment community to sound the alarm on bitcoin’s sustainability concerns, when he stressed as much, during an interview with Yahoo Finance at the beginning of May. Two weeks later, Elon Musk announced Tesla was reversing its stance on accepting the crypto as a form of payment, citing the same sustainability issues, sparking a 35% collapse in bitcoin’s price for the month. But… Source link

President Biden has a real chance at reaching his ambitious goal of getting 70 percent of American adults partially vaccinated by July 4. States have begun to loosen restrictions as COVID-19 cases, hospitalizations and deaths have decreased across the nation. But President Biden’s chief medical adviser, Dr. Anthony Fauci, says not so fast. So is the U.S. really in the clear with COVID-19 yet? Yahoo News West Coast Correspondent Andrew Romano explains. Source link