Media top headlines January 13 In media news today, Associated Press tells staff to ‘avoid emphasizing COVID case counts, the Economic Council director urges the media to focus on wage increases instead of inflation, and the mainstream media drags Rand Paul for clashing with Dr. Fauci. Yahoo is rejecting a digital ad from Republican Senate candidate Jim Lamon for touting the widely-used anti-Biden expression. Lamon, a businessman and Army veteran running in the GOP primary in Arizona,… Source link
Read More »Cathie Wood rejects Fed’s inflation “jawboning,” pivots back to deflation narrative
Wall Street’s rate-hike jitters have wreaked havoc on high-growth tech stocks — and Cathie Wood’s Ark ETFs were front and center for the damage yet again. Still, Wood dismissed concerns over inflationary pressures, reaffirming an earlier assertion that deflation remains the focus for her firm during a webcast on Tuesday. The Ark Invest CEO also said that price increases were likely to ease as supply chain issues resolve. Wood’s remarks come amid Federal Reserve Chair Jerome Powell’s… Source link
Read More »GOP senator rejects Jamie Dimon’s call to end debt limit
Sen. Mike Braun (R., Ind.) told Yahoo Finance that JPMorgan Chase CEO Jamie Dimon is “condoning a broken system” by suggesting eliminating the debt ceiling. Dimon told President Biden on Wednesday that he thinks the U.S. should “get rid” of the debt ceiling, arguing “we don’t need to have this kind of brinksmanship every couple of years.” “Jamie wouldn’t say that for his own business,” said Braun. “His board of directors would get rid of him.” Senate leaders came to an agreement on Thursday… Source link
Read More »‘Consumers aren’t stupid’: Google lawyer rejects EU market abuse ruling
A 3D printed Android mascot Bugdroid is seen in front of a Google logo in this illustration taken July 9, 2017. REUTERS/Dado Ruvic/Illustration Google challenging record $5 bln EU fine in court case Consumers use Google because it’s the best – Google lawyer EU lawyer says Google stacked the odds in its favour LUXEMBOURG, Oct 1 (Reuters) – Billions of people use Google because it’s the best, not because of deals the company made to stay competitive, Google’s lawyer said on Friday, wrapping up a… Source link
Read More »Bitcoin hovers below $40,000 as World Bank rejects El Salvador request
Bitcoin enthusiasts at El Zonte Beach in Chiltiupan, El Salvador. Photo: Jose Cabezas/Reuters The price of bitcoin (BTC-USD) hovered just below $40,000 (£28,633) on Thursday as the World Bank rejected a request from El Salvador to help with the implementation of the cryptocurrency as a legal tender. The bank said it could not assist El Salvador’s implementation of bitcoin due to the environmental impact of bitcoin mining, and transparency drawbacks. It comes as research from the Financial… Source link
Read More »Labor Secretary rejects claims that enhanced unemployment benefits are keeping workers on sidelines
After a hugely disappointing April jobs report, U.S. Labor Secretary Marty Walsh rejected claims from Republicans and some businesses that enhanced unemployment benefits are keeping workers from going back to work. The Labor Department reported the U.S economy added back just 266,000 jobs last month, sharply missing economists’ expectations of 1 million. “266,000 jobs under normal circumstances — and we’re certainly not living in normal circumstances — would be a good month,” said… Source link
Read More »Google rejects plan to replace third-party cookies with personal ad IDs
In a move with broad potential impact on the ad tech industry, Google says it will embrace its own ad targeting and tracking solution, rejecting other industry efforts to replace the third-party cookie. The decision by the world’s largest internet platform complicates the prospects for alternative solutions, including Unified ID 2.0, an identity solution spearheaded by The Trade Desk. Unified 2.0 has found support from a lengthy list of ad tech players who have signed on, such as… Source link
Read More »Google rejects DOJ antitrust claims in court filing
(AP) – Google is pushing back in court this week on antitrust claims brought against it by the Justice Department two months ago. In a legal filing with the U.S. District Court for the District of Columbia, Google denied or partially rejected almost 200 specific complaints against it. On only one count, that Google was “founded in Menlo Park garage 22 years ago,” did the company side with the Justice Department. It said that people use its search engine “because they choose to, not… Source link
Read More »Australian regulator rejects Google’s undertaking over Fitbit competition concerns
TipRanks Goldman Sachs Says These 3 Stocks Could Surge Over 30% From Current Levels After a true annus horribilus, we’re all ready for better times. The US equity strategy team at Goldman Sachs, led by David Kostin, sees those better time ahead, and in the near-term. The team is predicting a 25% gain for the S&P 500 within the next 24 months – or to put it in absolute numbers, they believe the index will hit 4,600 by December 2022. Kostin lays out four clear reasons for believing that… Source link
Read More »Australian regulator rejects Google’s undertaking over Fitbit competition concerns
TipRanks Goldman Sachs Says These 3 Stocks Could Surge Over 30% From Current Levels After a true annus horribilus, we’re all ready for better times. The US equity strategy team at Goldman Sachs, led by David Kostin, sees those better time ahead, and in the near-term. The team is predicting a 25% gain for the S&P 500 within the next 24 months – or to put it in absolute numbers, they believe the index will hit 4,600 by December 2022. Kostin lays out four clear reasons for believing that… Source link
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