September 28, 2021 By Paul Carrel BERLIN (Reuters) – Conservative chancellor candidate Armin Laschet faced a scrap for his political future on Tuesday as lawmakers in his CDU/CSU alliance met to plot a way forward after suffering their first national election defeat since 2002. The centre-left Social Democrats (SPD) narrowly beat https://ift.tt/3m8WrI0 the conservatives in […]
Factbox-Half of S&P 500 is in correction territory, or worse
September 28, 2021 (Reuters) – Wall Street stocks tumbled in a broad sell-off on Tuesday as the upward trajectory of U.S. Treasury yields and deepening inflation concerns dampened risk appetite and sent investors fleeing the equities market. Below are some notable facts about the bout of volatility hitting U.S. equities. * With investors increasingly worried […]
Search for new Boston Fed to be ‘open’ amid calls for diversity
September 28, 2021 (Reuters) – The search for a new chief of the Boston Federal Reserve Bank will be “comprehensive, rigorous and open,” with details to be announced soon, a spokesman for the bank said on Tuesday. Boston Fed President Eric Rosengren and Dallas Fed President Robert Kaplan abruptly announced their imminent retirements Monday amid […]
USTR says Tai, Dombrovskis discussed challenges from China, non-market economies
September 28, 2021 WASHINGTON (Reuters) – U.S. Trade Representative Katherine Tai and her European Union counterpart discussed common challenges posed by non-market economies, including China, during a meeting in Washington on Tuesday, Tai’s office said in a statement. Tai thanked European Commission Executive Vice President Valdis Dombrovskis “for helping to build an important bilateral partnership […]
Which form of venture debt should your startup go for?
Andy Weyer Contributor Share on Twitter Andy Weyer is managing director of technology at Runway Growth Capital. Given the surplus of liquidity in the markets, entrepreneurs have access to more funding options than ever before. Venture banks, venture debt funds and venture capitalists are each jockeying to prove how their money is greener. Nonetheless, each […]
Mark Cuban and Coinbase back Eternal, an NFT marketplace for trading Twitch streamer clips
The NFT world collectively seems to be trying to turn internet memories into one big game — with a lot of cash involved of course. The original “Doge” image sold for $4 million back in June, the original “Pepe” comic image sold for $1 million in April, in short, people are becoming meme millionaires. Buying […]
Microsoft’s Windows store is now open to third-party app stores
Jon Fingas Contributor Jon Fingas is a contributing writer at Engadget. More posts by this contributor Defense Department seeks nuclear propulsion for small spacecraft A Chinese EV startup wants to build a ridable robot unicorn for kids Microsoft wasn’t just indulging in wishful thinking when it said it wanted more third-party app stores in Windows […]
Europe and China must continue talking despite disagreements, EU says
September 28, 2021 (Reuters) – The European Union and China must continue engaging on a number of issues despite differences, the bloc’s foreign policy chief Josep Borrell told his Chinese counterpart Wang Yi in a video call on Tuesday, according to an EU statement. “The High Representative noted that while disagreements still persisted, the EU […]
Sotheby’s must face New York claims it helped rich collector dodge taxes
September 28, 2021 By Jonathan Stempel NEW YORK (Reuters) – Sotheby’s must face a lawsuit by New York’s attorney general accusing the auction house of fraudulently helping a wealthy art collector dodge millions of dollars of sales taxes, a state judge has ruled. The case concerned purchases by a Sotheby’s client of more than $27 […]
German watchdog BaFin orders N26 to pay $5 million fine
September 28, 2021 FRANKFURT (Reuters) – German financial regulator BaFin ordered online bank N26 to pay 4.25 million euros ($4.98 million) for delayed reports of suspicious activity in 2019 and 2020 in the area of anti-money laundering, the bank said in a statement. N26 said the fine was paid in full on July 14, adding […]
Bond is back: 007 film ‘No Time To Die’ premieres in London
September 28, 2021 By Hanna Rantala LONDON (Reuters) -With a guest list made up of Oscar winners and British royalty, James Bond film “No Time To Die” finally held its delayed world premiere in London on Tuesday in the city’s most high profile red carpet since the start of the COVID-19 pandemic. Wet weather failed […]
Senate Republicans block new Schumer bid to suspend U.S. debt ceiling
September 28, 2021 WASHINGTON (Reuters) – Republicans in the U.S. Senate on Tuesday blocked an attempt by Democratic leader Chuck Schumer to hold a vote to suspend the federal debt limit. The measure would have allowed Democrats to raise the borrowing authority on their own, bypassing the chamber’s usual 60-vote margin. (Reporting by David Morgan; […]
Drowning girl statue causes a stir in Bilbao
September 28, 2021 By Vincent West BILBAO, Spain (Reuters) – Staring impassively out from the murky waters of Bilbao’s River Nervion, the eerily lifelike face of a young girl drowning in the tide has been unsettling people in the Spanish city since she appeared unannounced last week. Mexican hyperrealist artist Ruben Orozco created the enigmatic […]
Stark, a hub for accessible software design, launches a Mac app in beta
Today, Stark launched a private beta for its Stark for Mac app, which streamlines accessibility compliance to make products more inclusive while allowing everyone involved in a project to easily collaborate. Companies can upload their design files into Stark’s tool, which then identifies accessibility issues and suggests changes. Stark started in 2017 when Cat Noone […]
Aurora Cannabis targets more cost cuts on path to profitability
September 28, 2021 (Reuters) – Aurora Cannabis Inc’s top boss Miguel Martin expects the company to be profitable on a core basis in the first half of 2023, helped by C$60 million to C$80 million in cost savings. More than three years into Canada’s legalization of recreational cannabis, most large producers continue to post losses […]
Tennis-Raducanu handed Indian Wells wildcard entry
September 28, 2021 (Reuters) – U.S. Open champion Emma Raducanu has received a wildcard for next month’s WTA 1000 tournament at Indian Wells, organisers said on Tuesday. Britain’s Raducanu, 18, shocked the tennis world when she became the first qualifier to win a Grand Slam earlier this month at Flushing Meadows. “2021 U.S. Open Champion […]
S&P 500 on track for worst day in four months
September 28, 2021 (Reuters) – The S&P 500 and the Nasdaq were on track for their worst day in four months on Tuesday, hit by weak consumer confidence data and surging Treasury yields. Below are investor comments about the selloff, which saw the Nasdaq down 2.5% in early afternoon trading as the 10-year Treasury yield […]
Fed’s Powell faces heated questions on trading, regulation and diversity
September 28, 2021 By Jonnelle Marte (Reuters) – U.S. Federal Reserve Chair Jerome Powell faced heated questions on Tuesday from senators criticizing the central bank’s trading guidelines, financial regulation and diversity efforts. Speaking to members of the U.S. Senate Banking Committee a day after two regional Fed presidents being scrutinized for their investment trades announced […]
U.S. consumer confidence hits seven-month low as near-term economic outlook dims
September 28, 2021 By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence fell to a seven-month low in September as a relentless rise in COVID-19 cases deepened concerns about the economy’s near-term prospects, fitting in with expectations for a slowdown in growth in the third quarter. The survey from the Conference Board on Tuesday showed […]
Column-Markets more worried about Fed than inflation: McGeever
September 28, 2021 By Jamie McGeever ORLANDO, Fla. (Reuters) – A look under the hood into what is driving the U.S. bond market sell-off since the Fed’s hawkish tilt last week suggests investors are pricing in higher interest rates more than higher inflation. There’s been plenty of reason to worry about accelerating inflation and input […]
