Widely followed investor Cathie Wood remains a holder of Robinhood (HOOD) even as the threat of a clampdown on payment for order flow by regulators looms as a key risk. The founder, CEO and CIO of Ark Invest said in an exclusive interview on Yahoo Finance Live that Robinhood is currently a 1% holding for her firm. Wood sent the market for Robinhood’s stock into a tizzy in early August after she revealed purchases of the trading platform’s stock after a disappointing IPO in late July…. Source link
Read More »97% of small-business owners won’t face income tax increase under Biden tax plan
WASHINGTON, DC – AUGUST 18: U.S. President Joe Biden delivers remarks on the COVID-19 response and the vaccination program. (Photo by Anna Moneymaker/Getty Images) Ninety-seven percent of small-business owners will not face an income tax increase if President Biden’s tax plan becomes law, according to new analysis released by the Treasury Department on Thursday. Biden is seeking to raise taxes on corporations and the wealthiest Americans to help fund a $3.5 trillion plan that would include… Source link
Read More »Google’s new Titan security key lineup won’t make you choose between USB-C and NFC
Google announced updates to its Titan security key lineup on Monday, simplifying it by removing a product and bringing NFC to all its keys. The company will now offer two options: one has a USB-A connector, one has USB-C, and both have NFC for connecting to “most mobile devices.” The USB-A key will cost $30, and the USB-C key will cost $35 when they go on sale on August 10th. One of the biggest changes in Google’s new lineup is an updated USB-C key, which has added NFC support.
Read More »Google soon won’t let you sign in on devices running Android 2.3.7 or older
If you still have a device running Android 2.3.7 (the final version of Gingerbread) or older, Google won’t let you sign in to your Google account on that device starting September 27th, according to a support document (via Liliputing). “As part of our ongoing efforts to keep our users safe, Google will no longer allow sign-in on Android devices that run Android 2.3.7 or lower starting September 27, 2021,” the company says. “If you sign into your device after September 27, you may… Source link
Read More »U.S. likely won’t see new lockdowns, Biden says
WASHINGTON — President Biden doesn’t believe the U.S. will see any new lockdowns in the coming months, even as he warned about the new Delta variant of the coronavirus, which is much more transmissible than other versions of the pathogen. That variant originated in India and took hold in the U.K. during the course of the spring. Its rapid proliferation led British Prime Minister Boris Johnson to delay full reopening by a month. That reopening was supposed to take place on June 21, only to… Source link
Read More »Rick Carlisle reportedly tells Mavericks he won’t be back
The Dallas Mavericks continue to undergo a complete makeover this offseason. Longtime coach Rick Carlisle has reportedly told the team he will not return as its coach next season, according to ESPN’s Adrian Wojnarowski. Carlisle has been with the team for 13 seasons. He led the team to its 2011 NBA championship. In his 13 seasons with Dallas, Carlisle has a 555-478 record. He still had two more years left on his current contract with the team. In a statement, Carlisle said it was completely… Source link
Read More »The Fed won’t talk about talking anymore: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, June 17, 2021 The tapering conversation has begun. One of the most unique phrases the Federal Reserve has ever used to communicate with markets has been retired. At least according to Federal Reserve Chair Jerome Powell. Asked Wednesday during a press conference about whether the Fed discussed plans to begin slowing down its pace of… Source link
Read More »Google won’t end support for tracking cookies unless UK’s competition watchdog agrees – TechCrunch
Well this is big. The UK’s competition regulator looks set to get an emergency brake that will allow it to stop Google ending support for third party cookies, a technology that’s currently used for targeting online ads, if it believes competition would be harmed by the depreciation going ahead. The development follows an investigation opened by the Competition and Markets Authority (CMA) into Google’s self-styled ‘Privacy Sandbox’ earlier this year. The regulator will have the… Source link
Read More »Why inflation won’t cause higher bond rates in the long run
Regarding looming inflation risks and their resulting Treasury yield rates, Wall Street veteran and co-founder of DataTrek Research Nicholas Colas stated that he has “never seen a stronger consensus” surrounding any macroeconomic issue in his career. “Fed money printing plus fiscal stimulus/debt issuance plus economic reopening is supposed to equal high and likely lasting inflation,” Colas said. “The 10-year Treasury will go to at least 2 percent and maybe 3 percent or… Source link
Read More »As Trump restarts rallies, GOP strategists hope against all odds that he won’t rehash 2020 election
The Republican Party finds itself in befuddling circumstances as former President Donald Trump prepares to hold political rallies again, beginning this weekend with an appearance in North Carolina. Trump was one of the only Republican candidates to lose a high-profile competitive race in 2020. GOP candidates won the majority of close races across the country, in the U.S. Senate, in the U.S. House and in state legislatures and gubernatorial races. Yet the party remains stuck with Trump as its… Source link
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