Tag Archives: rules

Google is under fire for information it allegedly collects from users in incognito mode. Getty Images … Source link

A judge in California ruled Friday that Google has to face a class action lawsuit that claims the search giant secretly collects data from users even when they’re using its private “Incognito” mode, Bloomberg reported. Three users filed a complaint last June alleging Google has a “pervasive data tracking business,” and its tracking persists even if users take steps to protect their private information, such as using incognito mode in Chrome, or private browsing in Safari and… Source link

TipRanks The Bottom Is in for These 3 Stocks? Analysts Say ‘Buy’ Never say that one person makes no difference. This past Thursday, stocks tumbled, bonds surged, and investors started taking inflationary risks seriously – all because one guy said what he thinks. Jerome Powell, chair of the Federal Reserve, held a press conference at which he gave both the good and the bad. He stated, again, his belief that the COVID vaccination program will allow a full reopening of the economy, and that… Source link

Bloomberg Fed Dials Up Pressure on Wall Street to Ditch Discredited Libor (Bloomberg) — The Federal Reserve is intensifying its scrutiny of banks’ efforts to shed their reliance on the London interbank offered rate, and has begun compiling more detailed evidence on their progress, according to multiple people with knowledge of the matter.Banks are being asked for specifics on their Libor exposure, their plans for amending contracts tied to the benchmark, and the fallback provisions being… Source link

(Bloomberg) — Bitcoin is nursing losses after its worst weekly plunge in almost a year and on one view its longer term outlook could be even worse because of environmental concerns and tightening regulations. The sheer amount of energy needed to mine Bitcoin and the prospect that governments will create more obstacles for the largest cryptocurrency point to the token losing “most of its value over time,” BCA Research Inc. said. The expense and slowness of Bitcoin transactions make it… Source link

Cristian Cardona, an employee at a McDonald’s, attends a rally for a $15 an hour minimum wage Tuesday, Feb. 16, 2021, in Orlando, Fla. (AP Photo/John Raoux) Elizabeth MacDonough, the Senate parliamentarian, ruled on Thursday that the Senate cannot use the budget reconciliation process to pass a minimum wage increase. The decision is a blow to Democrats who have been pushing to raise the federal minimum wage to $15 an hour in the next coronavirus relief package. Democratic lawmakers are using… Source link

Bloomberg A Crypto Kid Had a $23,000-a-Month Condo. Then the Feds Came (Bloomberg) — Stefan Qin was just 19 when he claimed to have the secret to cryptocurrency trading.Buoyed with youthful confidence, Qin, a self-proclaimed math prodigy from Australia, dropped out of college in 2016 to start a hedge fund in New York he called Virgil Capital. He told potential clients he had developed an algorithm called Tenjin to monitor cryptocurrency exchanges around the world to seize on price… Source link

DUBLIN, Ireland and CHICAGO, Feb. 09, 2021 (GLOBE NEWSWIRE) — Iterum Therapeutics plc (Nasdaq: ITRM) (the Company), a clinical-stage pharmaceutical company focused on developing next generation oral and IV antibiotics to treat infections caused by multi-drug resistant pathogens in both community and hospital settings, today announced that it has entered into definitive agreements with several healthcare-focused institutional investors for the purchase and sale of 17,500,000 of its ordinary… Source link

Robinhood, Interactive Brokers, Webull, and others shut down the buying feature for GameStop (GME) stock Thursday, drawing bipartisan attacks from politicians as well as criticism from customers who wanted the same freedom to trade as hedge funds betting the stock would fall. The animus was especially pronounced towards Robinhood, due to its mission of “democratizing finance,” which users accused it of abandoning. According to former SEC chief economist and Tepper School of Business… Source link

BRUSSELS (Reuters) – A German app developer has filed a complaint with European Union antitrust authorities against Google and Apple which he said last year rejected a game aimed at encouraging compliance with government COVID-19 rules. FILE PHOTO: 3D printed coronavirus model and Google logo are placed near an Apple Macbook Pro in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration/File Photo Several developers have challenged Google and Apple over their app policies,… Source link