Secretary of Transportation Pete Buttigieg oversees a giant chunk of the new $1 trillion infrastructure bill: Roads, bridges, ports, airports, railways, and more fall under his purview. It’s around half of the $550 billion in new spending, including $110 billion toward surface transportation, another $105 billion for rail, and $42 billion for seaports and airports. During a conversation with Yahoo Finance Live on Monday, Buttigieg laid out next steps once the “ink is dry” on the bill to get… Source link
Read More »Kraken CEO on what metaverse means for NFTs, gaming, and crypto – Yahoo Finance
With major tech players like Facebook (FB) and Microsoft (MSFT) staking their claims to the metaverse, its technology has seen a meteoric rise into the mainstream consciousness. According to Kraken CEO Jesse Powell, the advent of metaverse platforms could have significant implications for cryptocurrencies, NFTs, gaming, and more. Powell likened the metaverse to existing virtual universes found in popular online video games such as Second Life, World of Warcraft, and Runescape. “People grew… Source link
Read More »What August’s record breaking month for crypto flows means for bitcoin
Over the past month, the crypto market has looked like a rising tide for all coins — but data suggest growth across the asset class hasn’t been equal. Last week, Bitcoin (BTC-USD) breached $50,000 for the second time in two weeks, extending a rally that put a grim sell-off that started in May further in the rear-view mirror. While notable for its volatility, gains in the the largest cryptocurrency may have gotten lost in the swell of rising prices across the entire asset class. With a… Source link
Read More »What her abuse defense means for her fraud case
Former Theranos CEO Elizabeth Holmes’ possible defense strategy claiming that her ex-boyfriend and former business partner abused her could benefit her in a high-stakes criminal fraud case, two legal experts told Yahoo Finance. Opening arguments begin Wednesday in a trial that could land her in prison for up to 20 years if she’s convicted of using her blood-testing startup to defraud investors and patients. “I think that [abuse claims] are a possible benefit to her in that if a jury is… Source link
Read More »Afghans are being evacuated via WhatsApp, Google Forms, or by any means possible
The sudden collapse of Afghanistan’s government has led to a frantic attempt to accelerate online relief and evacuation efforts. These attempts, organized largely via Google Forms, WhatsApp and ,private social media groups, are trying to fill the void left by the US government’s failure to protect vulnerable Afghans. It could be the only lifeline for many trying to flee the country—but at the same time it is not without risk, as observers fear crowdsourced information could be used by… Source link
Read More »The ‘Sunday Effect’ Sends Crypto Crashing on Weekends – Which Means It Might Never Go Mainstream
©Shutterstock.com / Shutterstock.com Ever heard of the “Sunday effect”? Lately, it seems every weekend, crypto values plummet – and it’s a trend with major ramifications for the future of crypto as a serious investing contender. See: 4 Best Places To Buy and Sell CryptocurrencyFind: How Does Cryptocurrency Work – and Is It Safe? Investors and investment managers have anxiously been awaiting a decision from the Securities and Exchange Commission on the approval of Bitcoin exchange… Source link
Read More »What it means that everyone is talking about inflation: Morning Brief
TipRanks Billionaire Israel Englander Bets on These 2 Penny Stocks Let’s talk about risk, reward, and pennies. The three are related, of course. There’s no reward in the stock market without taking on some risk – and penny stocks offer investors an optimum combination of both. The ‘pennies’ are the lowest cost stocks on the public markets, typically priced below $5 per share. At such a low share price, even a small gain – a share price increase of mere pennies – can quickly… Source link
Read More »What it means that everyone is talking about inflation: Morning Brief
TipRanks Goldman Sachs: These 3 Stocks Are Poised to Surge by Over 100% Markets are beset by volatility, with unpredictable swings making recent sessions something of a roller coaster. The main indexes were falling sharply at the end of last week, but Friday’s release of economic data showing strong manufacturing activity provided a boost that pared back the market losses somewhat. The recent earnings season also gave reason for optimism – the S&P listed companies, collectively, reported… Source link
Read More »Clippers loss means no Lakers battle in first round
Yahoo Sports will keep you updated nightly on the NBA playoff race during the last two weeks of the regular season. Check back daily for the latest movement in the standings, what to watch for and teams securing their 2020-21 playoff berths. Friday’s standings Eastern Conference 1. Philadelphia 76ers (48-23) 2. Brooklyn Nets (46-24, 1.5 GB) 3. Milwaukee Bucks (45-25, 2.5 GB) 4. Atlanta Hawks (40-31, 8 GB) 5. Miami Heat (39-31, 8.5 GB) 6. New York Knicks (39-31, 8.5 GB) Play-in tournament 7. Boston… Source link
Read More »Verizon Deal Means Likely Rebranding for Yahoo Stores
Verizon is selling its Verizon Media unit for $5 billion to Apollo Global Management, Inc, and while Yahoo Small Business will not be included in the sale, it could mean a rebranding is in its future. That’s because after the sale, Verizon Media will be known as Yahoo (Verizon will retain a 10% stake in the company), which will continue to be led by CEO Guru Gowrappan. “Verizon Media is comprised of iconic brands such as Yahoo and AOL, as well as leading ad tech and media… Source link
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