Tag Archives: gains’

Chromecast with Google TV gains a game-changing new trick

Google is leveraging its next-generation streaming box, the Chromecast with Google TV, to tempt viewers to subscribe to its video game streaming platform, Google Stadia. Owners of the latest Chromecast have started to see the Netflix-for-games service appear in the For You tab. 

The latter is one of the biggest differences between the Chromecast with Google TV and previous set-top boxes under the Chromecast brand. While earlier iterations were controlled entirely by a smartphone, with users picking an episode or movie on their handset and then beaming the video to the Chromecast, the recently-redesigned model boasts its own menu and streaming apps.

As you watch, Chromecast with Google TV will begin to make suggestions based on your tastes. These recommended films and boxsets appear in the For You tab. It’s unclear whether Google is tailoring its recommendation of Google Stadia to certain viewers based on their interests, or whether it thinks everyone will enjoy its latest subscription service.

If you are subscribed to Google Stadia, any games that you play will be treated like boxsets and films within the Google TV interface. As such, on the homepage, you’ll be able to jump straight back into your latest title under the heading “Recently Played Game”. Stadia can also be added to the “Your Services” page in the Settings menu.

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Google Stadia launched in November 2019, with the free tier following in April 2020. Stadia lets you play blockbuster video games on a range of devices, from smartphones to tablets and Chromecasts. While none of these gadgets enjoy the amount of processing power found inside a PlayStation 5 or Xbox Series X, Google makes it possible to play top-tier games by handling all of the processing in its server farms.

So, while Google handles all of the complex rendering needed, all your device has to do is stream the resulting footage.

As such, devices only designed to handle a boxset binge on Netflix are capable of playing some of the biggest video game franchises. That’s because all they’re doing is streaming footage – exactly like watching Netflix. Google Stadia supports resolutions up to 4K Ultra HD with 60 frames per second and support for high-dynamic-range (HDR) pictures.

That’s comparable with what we see from the latest generation of games consoles from Sony and Microsoft.

With a deeper integration to Chromecast with Google TV, it’ll be interesting to see whether more people swap their consoles in favour of streaming dongles to play the latest titles. If Stadia is not your cup of tea at all, fingers crossed Google will stop filling the homepage of your Chromecast with recommendations for it soon enough. 

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This post originally posted here Daily Express :: Tech

Cryptocurrency price LIVE: Bitcoin plummets as gains wiped – Musk’s Dogecoin also drops

Alexandra Clark, Sales Trader at the UK based digital asset broker GlobalBlock, wrote: “Cynthia Lummis has encouraged ‘people to buy and hold’ bitcoin in their portfolios, adding that with Congress flooding the economy with trillions and trillions of dollars, ‘there’s no way’ the value of the US dollar will not be debased.

“As well as promoting bitcoin as a store of value, the senator also defended Bitcoin’s environmental record, inviting miners to the state of Wyoming.

For the first time in weeks, bitcoin managed to gain over the weekend, which corresponds with the largest ever downward adjustment in bitcoin mining difficulty and a spike in daily accumulation by whales.

“Bitcoin mining difficulty fell by a staggering 28 percent this week and whales caused the biggest daily accumulation spike of 2021 with 60,000 BTC being purchased in one day.

He added: “Grayscale has rebalanced its portfolio in a way where Cardano (ADA) is now the company’s third-largest holding.

“As it stands, Bitcoin (BTC) accounts for 67.47% of the fund, Ethereum (ETH) 25.39%, Cardano (ADA) 4.26%, Bitcoin Cash (BCH) 1.03%, Litecoin (LTC) 0.99% and Chainlink (LINK) 0.86%. The firm also revealed it is exploring Solana, Polygon, and a range of DeFi tokens for single asset trust funds.

Algorand also presents exciting opportunities. Since its launch in 2019, it has secured hundreds of millions in funding for its development and has numerous third parties operating within its ecosystem.

“Whilst it is not yet a threat to Ethereum or Cardano, with its smart contract capabilities, solid transaction speeds, and focus on being a bridge between centralized and decentralized systems, it certainly looks promising.

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Read more here >>> Daily Express :: Finance Feed

U.S. job gains surge, easing pressure on Biden over labor market

The U.S. economy added 850,000 jobs in June, a strong showing after two disappointing months of employment growth that had sparked criticism from Republicans that the Biden administration was stifling a labor market revival.

The report from the Labor Department marked a significant improvement over May’s 583,000 net job gain and beat Wall Street expectations of about 700,000. The unemployment rate was little changed at 5.9 percent.

“Things are picking up. All that employer demand is turning into jobs and higher wages for many workers,” wrote Nick Bunker, economic research director for the job-listing platform Indeed. “This pace of progress is solid and it looks like things can get even better.”

The report is likely to ease some pressure on President Joe Biden over the labor market’s slower-than-expected recovery. The GOP has hammered Biden over generous federal jobless benefits, which governors and lawmakers say are among the reasons workers have been reluctant to reenter the market.

At the same time, the number is probably not robust enough to change the view of Federal Reserve Chair Jerome Powell that the economy continues to require emergency assistance in the form of rock-bottom interest rates until the labor market heals even further.

Both Biden and Powell have largely staked their futures on the argument that rising inflation will prove only temporary and that even more federal spending and easy money policies are needed to help address structural problems holding back the economy.

“Some further substantial improvement, which is a standard the Federal Reserve is looking at, is proving a little harder to come by,” said Mark Hamrick senior economic analyst for financial services company Bankrate. With “labor force participation basically flat, no improvement in the unemployment rate, I think that it’s not unreasonable to say we’d like to be doing better.”

The leisure and hospitality industry, which has complained of a labor shortage, saw the largest gains, adding 343,000 jobs last month, according to the report. Overall, wages grew 0.3 percent from the previous month, in line with expectations, and are now up 3.6 percent from this time last year. That figure may need to rise even more to get more workers off the sidelines.

While the June jobs figure would be considered outstanding during normal economic times, it is still nowhere near the kind of growth needed to quickly restore the jobs that remain missing since Covid slammed the U.S. in the spring of 2020. The U.S. is still about 7 million jobs short of February 2020 levels.

“Americans are going back to work in large numbers, but this is no time to let up,” said Labor Secretary Marty Walsh. “We are still down millions of jobs from pre-pandemic levels and the inequities heightened by the crisis persist. We need to be proactive in our policies to create good jobs and make sure all workers have access to those jobs.”

Analysts suggest the economy would be adding well over a million jobs per month right now if employers could find all the workers they want.

Biden touted the June numbers as evidence that his economic policies are working.

“Our recovery is helping us flip the script. Instead of workers competing with each other for jobs that are scarce, employers are competing with each other to attract workers,” he said after the release. “That kind of competition in the market doesn’t just give workers more ability to earn higher wages, it also gives them the power to demand and be treated with dignity and respect in the workplace.”

Below the top-line numbers, other key indicators of the labor market’s health showed some improvement over the previous month but still suggest that the economic recovery is uneven by industry, gender and race.

Unemployment among women and Black Americans, who made up a disproportionate share of the jobs lost to the pandemic because of the lockdowns’ hit to service-sector jobs, ticked up in June after both groups added more workers.

The labor force participation rate, which measures how many people are currently working or actively seeking work, didn’t budge, though the overall labor force did increase by 151,000. However, participation among Black workers did rise to 61.6 last month from 60.9 in May.

Republicans have blamed enhanced pandemic unemployment benefits for keeping Americans from going back to work. Federal programs offer an extra $ 300 a week to the jobless and broadly extend eligibility to most laid-off workers.

So far, 26 states, nearly all GOP-led, have opted to end their participation in the federal programs weeks before the September expiration date, although the effect of those moves barely showed up in the June report. Lawsuits against those actions have been filed in Maryland, Texas and Indiana.

A state court in Indiana issued a preliminary injunction last week requiring the state to continue paying out the benefits until it fully considers the case.

Still, the number of workers filing new claims for unemployment benefits has been steadily falling in recent weeks, according to data from the Labor Department, and economists have found no real sign that ending the benefits spurred a surge in employment.

However, the job growth did not appear to be strong enough in June to pull those who have been unemployed the longest off the sidelines.

The number of long-term unemployed, or workers who have been jobless for more than six months, increased by 233,000 to 4 million last month, after falling in May.

Author: Ben White and Rebecca Rainey
Read more here >>> Politics, Policy, Political News Top Stories

US economy adds 850000 jobs as hiring gains pace

US economy adds 850,000 jobsThe US economy created 850,000 jobs in June, which US president Joe Biden has hailed as “historic progress” towards recovering from the Covid-19 shock, as hiring catches up with the unrelenting demand for workers.

Non-farm payrolls data released by the Bureau of Labor Statistics on Friday came in well above economists’ expectations of 720,000 jobs created for the month, surpassing the upwardly revised 583,000 gain posted in May and an unexpectedly weak 278,000 new hires in April.

“We have now created over 3m jobs since I took office, more jobs than have ever been created in the first five months of any presidency in modern history,” Biden said in a speech at the White House after the data release. “This is historic progress, pulling our economy out of the worst crisis in 100 years.”

Despite the increase in payrolls — the largest in 10 months — the unemployment rate ticked up slightly to 5.9 per cent from 5.8 per cent the month before.

“It was a solid report, [one] you would hope for given the reopening has continued to gather pace,” said Lee Ferridge, head of macro strategy for North America at State Street Global Markets.

The June report landed at a critical juncture for the US economy. Easing lockdown measures and generous government stimulus programmes have fuelled a robust rebound in economic growth this year. US consumer prices have in turn surged as supply chain constraints have hampered some businesses’ ability to meet red-hot consumer demand.

Crippling labour shortages have also hamstrung employers, as childcare constraints and fears about catching Covid-19 dissuade people from returning to the workforce. Some businesses blame unemployment benefits for holding up the jobs recovery, prompting several Republican-leaning US states to slash aid.

Companies have begun raising wages and handing out perks to attract new hires. Friday’s report suggested those measures have balanced some of the labour market mismatches.

“Instead of workers competing with each other for jobs that are scarce, employers are competing with each other to attract workers,” Biden said. “That kind of competition in the market doesn’t just give workers more ability to earn higher wages, it also gives them the power to demand to be treated with dignity and respect in the workplace.”

“More jobs, better wages. That’s a good combination,” the president added. “Put simply, our economy is on the move.”

Hiring in the leisure and hospitality sector picked up, with 343,000 jobs created for the month. Average hourly earnings jumped for these workers, with 2.3 per cent month-over-month gains for those in non-supervisory positions. Retailers also revved up hiring, filling 67,000 new jobs. Other sectors including public and private education and professional and business services saw improvements.

Construction was one of the “surprising weak spots” last month, said Thomas Simons, an economist at Jefferies, especially in light of the booming US housing market. The number of jobs in the sector fell 7,000 in the third straight month of declines. He attributed the drop to a “worker availability issue more than anything else”.

The labour force participation rate, which tracks the number of Americans either employed or looking for a job, held steady in June at 61.6 per cent. It has remained stuck below 62 per cent since last year.

“It does play into the narrative that there is a block of workers that haven’t re-entered the labour force this summer,” Ferridge said.

Average hourly earnings more broadly edged 10 cents higher to $ 30.40, amounting to a 0.3 per cent gain from the month before. On a year-over-year basis, earnings have increased 3.6 per cent.

The strong jobs report helped to bolster the case made by a cohort of US central bankers that the Federal Reserve should begin to consider withdrawing its monetary policy support as it closes in on “substantial further progress” towards averaging 2 per cent inflation and achieving full employment. That has long been the threshold for any adjustment to the Fed’s $ 120bn monthly asset purchase programme.

Fed chair Jay Powell and other members of the Federal Open Market Committee have instead urged patience — a message they sought to hammer home last month following the release of the US central bank’s “dot plot” of individual interest rate projections, which signalled a potentially more hawkish stance than many had anticipated.

Despite June’s gains, US employment remains far below its pre-pandemic levels. More than 9m people are still unemployed, compared to 5.7m in February 2020.

Biden argued on Friday that passing his sweeping infrastructure proposals would fuel further economic recovery. Last week, the White House struck a deal with a small bipartisan group of senators on a $ 1tn investment package. However, the deal will need sign-off from both the House of Representatives and the Senate to become law.

US government bonds fell marginally after the unexpectedly jobs strong report on Friday, with the benchmark 10-year note steady at 1.45 per cent.

Author: Colby Smith in New York and Lauren Fedor in Washington
Read more here >>> International homepage

Bitcoin price boom: Reclassification could see crypto 'exempt from capital gains tax'

After El Salvador’s congress officially classified the world’s preeminent cryptocurrency as legal tender on June 9, bitcoin pioneer Max Keiser said that a “global bitcoin standard is now emerging” around the world. Referring to the adoption of bitcoin by El Salvador, he added that, “The country’s currency is now something scarcer and harder than gold”. Now Danny Scott, the CEO of crypto exchange Coin Corner, said that El Salvador’s bitcoin move could see the cryptocurrency classified as “foreign currency” and “no capital gains tax on bitcoin in other countries” could be a result.

On June 6 Mr Scott tweeted: “So in theory, if El Salvador makes bitcoin ‘legal tender’.

“This makes it a ‘foreign currency’ and will mean no capital gains tax on bitcoin in other countries.

“This is an additional great knock-on effect.”

A follower of Mr Scott said that making bitcoin legal tender “will open a Pandora’s Box if it is recognised as a foreign currency by the International Monetary Fund”.

Foreign currency is recognised by the International Monetary Fund (IMF) as the “official means of payment” of that state.

The IMF classify “legal tender” status as an official attribute of recognising an official currency.

If bitcoin is recognised as a foreign currency because of the Salvadoran move, this could set a precedent and make it not subject to capital gains tax within the UK.

Under current UK legislation, many assets are exempt from having to pay capital gains tax.

READ MORE: Bitcoin to ‘no longer be the controlling interest’ – investors warned

However, trades between national currencies are exempt and not taxable and not subject to US tax reporting.

This means that using US dollars to buy a foreign currency, such as the pound, is not subject to a taxable transaction.

The news comes as the US Federal Reserve announced this week that inflation was rising faster than previously expected.

Jerome Powell, 16th chair of the Federal Reserve, raised Fed’s headline inflation expectation to 3.4 percent.

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This post originally appeared on Daily Express :: Finance Feed

Finland election polls: Eurosceptics on course to make huge gains spelling trouble for EU

The 2021 Finnish municipal elections are due to be held on June 13, 2021. Finland’s municipal elections were originally scheduled to take place in April, but were delayed due to the COVID-19 pandemic. According to one of the latest polls, the right-wing Finns Party could more than double its vote share compared to the party’s previous election performance.

The last municipal elections held in Finland took place in 2017.

The National Coalition Party won the most votes of any party, with 20.7 percent of the vote.

The Social Democratic Party won 19.4 percent of the vote, while the Centre Party of Finland gained 17.5 percent.

The Green League Party won 12.5 percent of the vote in the last elections, while the Finns Party won only 8.8 percent of the vote.

READ MORE: John Redwood blows top at Brussels’ ‘MAJORITY’ at G7

As per the Helsinki Times, Tuomo Turja, the research director at Taloustutkimus, told YLE: “The Finns Party’s challenge is not so much the other parties, but whether it can get its own supporters to the polling stations.”

The Social Democratic Party, headed by Finland’s Prime Minister, Sanna Marin, are set to get 17 percent of the vote according to the poll.

But the right-wing opposition party, the National Coalition, appeared to have the lead over all rivals in the poll.

The National Coalition could win as much as 19.6 percent of the vote according to the poll, almost a fifth of the vote.

According to the Helsinki Times, Elina Kestilä-Kekkonen, an associate professor of political science at Tampere University, told YLE: “It shows the European trend where confidence in the powers to be was exceptionally high during the coronavirus pandemic.

“Now that the epidemic is losing momentum, the SDP has to step before the public also in regards to other issues.”

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Politico reported that a party ad campaign was recently pulled for discrimination, by suggesting immigrants can jump the public housing queue in Finland’s capital of Helsinki.

He said: “There is no influence in being quiet and nodding.”

After the UK’s exit from the EU in recent years, there have been growing rumblings of anti-EU sentiment elsewhere in Europe.

Anti-EU parties in places like Sweden and Estonia have gained momentum recently.

If momentum continues to grow, other countries could potentially opt to leave the EU behind in the future.

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This post originally appeared on Daily Express :: World Feed

VORTECS Report: How volatility drove one crypto trading strategy to 280x Bitcoin's gains

What does a highly volatile asset class offer traders, beyond palpitations and the occasional heart attack? Opportunity.

Nicole Wirick of Prosperity Wealth Strategies in Michigan summed it up for Forbes: “Market volatility is a normal part of investing and is to be expected in a portfolio. If markets went straight up, then investing would be easy and we’d all be rich.”

And during the decade-long bull market on Wall Street, some participants who should know better appear to have forgotten this, as they’ve become used to steadily-increasing stock prices over a period of years.

JPMorgan Chase CEO Jamie Dimon, who infamously referred to Bitcoin as a “fraud” in 2017, told the U.S. House Financial Services Committee this week that “My own personal advice to people is: stay away from it.” And yet at his own shareholder meeting on May 18, he said that “A lot of our clients are asking, ‘can we help them buy or sell cryptocurrency? And we’re investing in that as we speak.”

So why is the CEO of the largest bank in the U.S. investing in something that he advises the rest of us not to touch?

Volatility is at the heart of that argument: It’s a classic case of “Do as I say, not as I do.” And Dimon, and many like him in traditional financial markets, make oodles of money when markets are choppy.

Of course, no markets are choppier than crypto.

Over the past few weeks, volatility has returned to the crypto markets, pushing Bitcoin as low as $ 30,000 before the king of digital assets swung back to exceed $ 40,000 again. And altcoins have swung even more dramatically — a phenomenon which has helped Cointelegraph Markets Pro’s quantitative algorithm, the VORTECS™ Score, to post extraordinary results in automated live testing.

This chart, produced on May 28 illustrates the results of the VORTECS™ Score’s performance since Jan 3 this year, when the algorithm went live. At the time of publication, one day later, the ROI on the top strategy is now over 3,000%.

In a score-based testing scenario, the algorithm “buys” a digital asset when the VORTECS™ Score crosses a certain threshold (e.g. 80), and “sells” it when it crosses a second threshold (e.g. 75).

Without employing fancy rebalancing techniques, but simply dividing the portfolio between all assets that currently require an investment, the algorithm has delivered a return of 3,037% for its highest-performing testing strategy — buying at 80, and selling when the asset crosses 80 again on the way back down.

For comparison, Bitcoin has generated returns of just 11.2% since Jan 3, and an evenly-weighted basket of the top 100 altcoins has returned 247%.

The only reason the VORTECS™ Score can deliver outsized returns like this is because crypto markets are volatile — which presents multiple entry and exit opportunities in a shorter timeframe than enjoyed by traders in traditional markets.

That may be partly a function of the 24/7 nature of crypto trading, but it’s also partly because the risk tolerance of cryptocurrency investors is generally agreed to be significantly higher than that of Wall Street CEOs… at least for short-term investing.

So while volatility has obvious downsides, including the risk of total and permanent loss, it also has major potential upside for traders who have strong research skills.

And strong research tools.

Cointelegraph Markets Pro is available exclusively to members on a monthly basis at $ 99 per month, or annually with two free months included. It carries a 14-day money-back policy, to ensure that it fits the crypto trading and investing research needs of subscribers, and members can cancel anytime.

Important Disclaimer

Cointelegraph is a publisher of financial information, not an investment adviser. We do not provide personalized or individualized investment advice. Cryptocurrencies are volatile investments and carry significant risk including the risk of permanent and total loss. Past performance is not indicative of future results. Figures and charts are correct at the time of writing or as otherwise specified. Live-tested strategies are not recommendations. Consult your financial advisor before making financial decisions. Full terms and conditions.

Author: Cointelegraph By Cointelegraph
This post originally appeared on Cointelegraph.com News

Bitcoin price gains 40% in a day as altcoins, Cardano and Dogecoin join $42K BTC

Bitcoin (BTC) hit $ 42,000 on May 20 as altcoins joined the largest cryptocurrency in its record-breaking comeback.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

BTC price hits February highs

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking to all-time highs from February on Thursday.

At the time of writing, volatility was back as bulls sought to tackle what was once formidable resistance. 

As Cointelegraph reported, the past 24 hours have been a test like no other for Bitcoin as selling pressure drove it to $ 30,000, only to evaporate and allow a run to $ 40,000 — all within around five hours.

On Thursday, higher levels remained, with brief spikes hinting at major buy-ins frontrunning a concerted push higher.

Versus the local lows, BTC/USD gained an unparalleled 40% in less than 24 hours. 

“The most spectacular rallies happen when emotions within the market at their most extreme,” popular Twitter trader Rekt Capital said as part of multiple posts as the market rose.

Rekt Capital noted that the Crypto Fear and Greed Index, a key indicator of sentiment, was practically repeating behavior from March 2020, when cryptocurrencies broadly crashed. 

As such, others were beginning to reveal long positions on the day in a further signal of belief that the worst of the dip was over.

Cardano leads major altcoin rally

On altcoins, opportune moments for gains were also flowing in, with Cardano (ADA) up over 70% and Dogecoin (DOGE) up 55%.

The latter was flying high once again thanks to Twitter activity from Tesla and SpaceX CEO Elon Musk, who on Thursday hinted at a plan to drive DOGE/USD to $ 1.

The top ten cryptocurrencies by market cap saw 40% daily returns or more as Bitcoin led battered tokens back to where they were just days before.

Ether (ETH) was up 40% at the time of writing, having previously briefly dipped below $ 2,000.

Cryptocurrency total market cap 1-hour candle chart. Source: TradingView