Stock futures opened slightly higher Wednesday after a choppy trading session, with investors closely monitoring developments in Congress as lawmakers raced to come to an agreement to avert a government default by mid-month. During the regular trading day, the three major equity averages had shaken off earlier losses after Senate Minority Leader Mitch McConnell offered Democratic lawmakers a deal to temporarily extend the government borrowing limit into December. Such a move would offer… Source link
Read More »Australia latest to eye laws to curb Google’s adtech dominance – TechCrunch
Australia’s competition watchdog is the latest to push for legal powers to curb Google’s dominance in the adtech sector. It has made the call as it published its final report on an inquiry examining competition concerns in the digital advertising sector. In the report, the Australian Competition and Consumer Commission (ACCC) concludes that new regulatory solutions are needed to address Google’s dominance and competition to the adtech sector — “for the benefit of businesses… Source link
Read More »Stocks trade mixed as investors eye DC votes
Stocks were mixed Monday as investors closely monitored developments in Washington, D.C., as lawmakers rush to try and avert a government shutdown and advance a bevy of new measures. The S&P 500 fell to give back some gains after the blue-chip index posted a three-day winning streak at the end of last week. The Nasdaq lagged with a drop of more than 0.8% as Treasury yields climbed. The benchmark 10-year yield extended last week’s gains to top 1.48%, reaching its highest level since June as… Source link
Read More »Stock futures rebound after selloff, as investors eye Fed meeting
Stock futures gained Tuesday morning after sliding a day earlier, as a bevy of concerns out of China and in Washington spurred a steep selloff across risk assets. Traders also turned their attention to the start of the Federal Reserve’s latest two-day monetary policy-setting meeting. Contracts on the S&P 500 advanced by about 0.8% after the blue-chip index logged its worst day since May by the end of Monday’s session. Dow futures added more than 300 points, or 0.9%, while Nasdaq futures… Source link
Read More »Epic v. Apple ruling is a black eye for Apple but also a ‘containable risk’
A California district judge struck a blow to one of Apple’s (AAPL) major revenue engines on Friday by ruling that the iPhone maker needs to give app developers the ability to offer alternative app payment options to consumers. Apple currently restricts developers to using its own Apple payment service, which automatically draws a 30% commission from the sale of apps. Developers including Spotify (SPOT) have complained of the commission for years, but the ruling by District Judge Yvonne… Source link
Read More »Chinese Tech Stocks Rally to Start Week as Investors Eye Bottom
(Bloomberg) — Chinese technology shares climbed on Monday after recording their best weekly advance since January as bargain hunters continued to load up on the beaten-down sector. The Hang Seng Tech Index rallied 1.1%, led by live streaming giant Kuaishou Technology and Alibaba Health Information Technology Ltd. Food delivery company Meituan erased earlier losses and rose 1.5% ahead of its results, which showed second-quarter revenue beating estimates while losses continued. The rally came… Source link
Read More »Stock futures gain as traders eye virus risks
Contracts on the S&P 500 ticked up. Earlier, both the blue-chip index and the Dow sank, dragged down by energy stocks amid concerns over reinstated travel restrictions in China due to rising coronavirus infections. U.S. West Texas intermediate crude oil futures fell on Monday to add to last week’s losses, bringing prices to the lowest level in three weeks. Shares of AMC Entertainment (AMC) gained in late trading after the movie theater operator topped second-quarter revenue estimates, with… Source link
Read More »Wall Street to eye Disney+ growth and parks business during recovery
Benzinga The Pandemic Changed Our Money Habits — Here’s Exactly How By Lacey Cobb There’s no doubt that the pandemic has had a significant impact on people’s finances. Millions of people lost their jobs, forcing them to cut back on their spending. For others, spending changes were less about job loss and more about restrictions around what they could spend their money on. A recent Personal Capital survey examined spending during the pandemic. It looked closely at how people’s… Source link
Read More »Stock market news live updates: S&P 500 reaches record high, traders eye Biden's infrastructure proposal – Yahoo Finance
The New York Times As Mask Mandates Lift, Retail Workers Again Feel Vulnerable Marilyn Reece, the lead bakery clerk at a Kroger in Batesville, Mississippi, started noticing more customers walking around the store without masks this month after the state mandate to wear face coverings was repealed. Kroger still requires them, but that doesn’t seem to matter. When Reece, a 56-year-old breast-cancer survivor, sees those shoppers, she prays. “Please, please, don’t let me have to wait on… Source link
Read More »Dodgers’ Trevor Bauer pitches inning with one eye closed
Becoming more than $100 million richer appears to have done very little to change Trevor Bauer. The new Los Angeles Dodgers pitcher made his second spring training start on Saturday against the division rival San Diego Padres, throwing three scoreless innings with three strikeouts. It was a somewhat uneventful start, except for the fact that Bauer could be seen doing … something with his left eye. At first, it looked like he had caught something in his eye or was having some kind of… Source link
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