Stock futures dipped Thursday evening to add to earlier losses across the three major indexes, with jitters over a swift tightening of financial conditions increasing on the heels of a multi-decade high print on inflation. Contracts on the S&P 500 fell. The index slid by 1.8% earlier on Thursday and the Nasdaq dropped 2.1%, as technology shares came under pressure while Treasury yields spiked. The benchmark 10-year yield broke above 2% for the first time since August 2019. Stocks sold off and… Source link
Read More »A Fed-issued digital dollar could print money — for the people
Federal Reserve Chairman Jerome Powell takes his seat to testify before a Senate Banking, Housing and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress” on Capitol Hill in Washington, U.S., July 15, 2021. REUTERS/Kevin Lamarque The writer is former Chair of the FDIC and former Assistant Secretary of the U.S. Treasury for Financial Institutions. More and more informed observers are asking why, after 13+ years of the Federal Reserve’s increasingly… Source link
Read More »Google is shutting down Cloud Print this week – Yahoo Tech
TipRanks These 2 Penny Stocks Are Poised to Go Boom, Say Analysts Wall Street has mixed feelings about penny stocks. These tickers changing hands for less than $5 per share either draw investors in with their high return potential or send them running for the hills, but why?When we say high return potential, we aren’t exaggerating. The bargain price points allow investors to snap up more shares than possible when investing in other more well-known names. What’s more, even what feels like… Source link
Read More »Google Pay app ‘opt-in’ fine print gives the OK for more snooping
When Google says some of its controversial tracking features are “opt in” only, do you realize you’ve actually agreed to let them snoop on you? Take, for instance, Google’s new Pay app. The company is encouraging people to try it out and let Google monitor their finances and purchases in exchange for personalized offers, on a three-month trial. For instance, if Google knows you eat at Burger King, it says it could hit you up with specific BK offers, as opposed to generic restaurant deals in… Source link
Read More »