Meta wowed Wall Street, but investors remain skeptical about tech
Synopsis by CNN Feb 02 23
Thursday afternoon will round out what has so far been a sobering earnings season for the Big ...Read full article 
CNN: Meta wowed Wall Street, but investors remain skeptical about tech
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| Last Updated | Feb 02 23 |
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Google Workers Protest Cloud Contract With Israel's Government: Google employees are staging sit-ins and protests at company offices in New York and California ...
wired.com/story/google-no-tech-for-apartheid-project-nimbus-israel-gaza-protest/
Quick Glance: Google restructuring operations and relocating roles to 'hubs' to fund AI investments
- Google is implementing staff layoffs and transferring certain roles to 'hubs' to secure funds for artificial intelligence investments.
- The finance and real estate teams are being affected by the downsizing, with some roles being moved overseas.
- Through the consolidation of finance teams in Bangalore, Mexico City, Dublin, Chicago, and Atlanta, Google aims to enhance efficiency and operate around the clock.
- The restructuring is driven by the substantial shift towards artificial intelligence in the tech industry, prompting Google to allocate more resources to this domain.
Fed’s Forecasting Method Looks Increasingly Outdated as Bernanke Pitches New Way: The Federal Reserve is stuck in a mode of forecasting and public communication ...
bloomberg.com/news/articles/2024-04-21/fed-s-forecasting-method-looks-increasingly-outdated-as-bernanke-pitches-new-way
“Fallout”: Second season officially confirmed: It was already rumored, but now it has been officially confirmed. The video game adaptation Fallout on Amazon ...
stadt-bremerhaven.de/fallout-zweite-staffel-offiziell-bestaetigt/
Latin America Sees Low-Rate Dreams Crumble, Political Woes Rise: The region that led the world into a promising cycle of interest rate cuts is warning that ...
bloomberg.com/news/articles/2024-04-19/latin-america-sees-low-rate-dreams-crumble-political-woes-rise
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Misconfigured cloud server leaked clues of North Korean animation scam: Outsourcers outsourced work for the BBC, Amazon, and HBO Max to the hermit kingdom
theregister.com/2024/04/23/north_korea_animators/
Quick Glance: Kim Leads Rocket Drills for Nuclear Counterattacks
- North Korean leader Kim Jong Un supervised rocket launches simulating nuclear counterattacks.
- The drills showcased the strength of the country's nuclear forces.
- The rockets were described as highly accurate and capable of carrying tactical nuclear warheads.
- The US and South Korea are responding with enhanced military exercises and nuclear deterrence strategies.
MercadoLibre: A Second Chance At Great Returns For Long-Term Investors: MercadoLibre's Q1 earnings could be a big upside compared to analyst expectations ...
seekingalpha.com/article/4685102-mercadolibre-a-second-chance-at-great-returns-for-long-term-investors
Paid articlePaid Powell Signals High Rates for Longer Due to Persistent Inflation: Federal Reserve Chair Jerome Powell said recent inflation data have indicated it will likely ...
bloomberg.com/news/articles/2024-04-16/powell-signals-high-rates-for-longer-due-to-persistent-inflation
Paid articlePaidQuick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
Gold (XAUUSD) Falls Again After Biggest Daily Slump in Almost Two Years: Gold extended losses after its biggest daily decline in almost two years ...
bloomberg.com/news/articles/2024-04-23/gold-xauusd-falls-again-after-biggest-daily-slump-in-almost-two-years
Goolsbee Says Fed Needs More Time Before Cutting as Prices Stall: Federal Reserve Bank of Chicago President Austan Goolsbee said progress on inflation has ...
bloomberg.com/news/articles/2024-04-19/goolsbee-says-fed-needs-more-time-before-cutting-as-prices-stall
Paid articlePaid Fed to Cut Interest Rates Twice in 2024, BlackRock’s Rick Rieder Says: Bond investors confronting a painful run-up in yields in the past month may soon find ...
bloomberg.com/news/articles/2024-04-22/blackrock-s-rieder-sees-scope-for-two-fed-rate-cuts-this-year
Google Fires 28 Workers for Protesting Cloud Deal With Israel: The fired workers included nine Google employees who were removed by police after occupying Google ...
wired.com/story/google-fires-twenty-eight-workers-for-protesting-cloud-deal-with-israel/
US Rent Inflation Looms Over Potential Interest-Rate Cut: Rent increases are taking longer to moderate in the Northeast and Midwest than in the West and South.
bloomberg.com/news/articles/2024-04-18/us-rent-inflation-looms-over-potential-interest-rate-cut
Paid articlePaid ECB Can Move First But Fed Divergence Would Be Felt, Vujcic Says: The European Central Bank can lower interest rates before the Federal Reserve does likewise ...
bloomberg.com/news/articles/2024-04-19/ecb-can-move-first-but-fed-divergence-would-be-felt-vujcic-says
Sony is said to be interested in Paramount: Steep story. Sony is said to be in the process of preparing an offer to take over Paramount. This reports ...
stadt-bremerhaven.de/sony-soll-an-paramount-interessiert-sein/
Strong US Dollar Looks Set to Stay, Forcing Investors, Economies to Rethink: The world’s financial markets are encountering a force they didn’t bet on for 2024: ...
bloomberg.com/news/articles/2024-04-22/dollar-s-extended-supremacy-is-a-stark-wake-up-call-for-markets
Confluent: A Promising Growth Story Given Increasing Usage On Platform And Robust Innovation
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Netflix stock slips after it said subscriber numbers will dip: Netflix added more than 9 million subscribers last quarter, but plans to phase out reporting that ...
qz.com/netflix-stock-down-earnings-lower-membership-1851421633
Paid articlePaid Fed’s Powell Rethinks Interest-Rate Cuts For 2024 To Combat Inflation: A string of disappointing inflation data has forced the Federal Reserve to reset the clock ...
bloomberg.com/news/articles/2024-04-19/fed-s-powell-rethinks-interest-rate-cuts-for-2024-to-combat-inflation
Ecosia launches a cross-platform browser, starts an affiliate link program: Tree planting search engine Ecosia launched a new cross-platform browser today to ...
techcrunch.com/2024/04/22/ecosia-launches-a-cross-platform-browser-starts-an-affiliate-link-program/
Economists Boost US GDP Forecasts, See Fed Rates Higher for Longer: Economists once again upgraded their forecasts for US growth, spending and employment ...
bloomberg.com/news/articles/2024-04-19/economists-dial-up-us-gdp-forecasts-temper-fed-rate-outlook
Paid articlePaid Fed May Not Cut Interest Rates at All This Year, JPMorgan's Daniel Pinto Says
bloomberg.com/news/articles/2024-04-18/relatively-high-chance-of-no-rate-cuts-this-year-jpmorgan-s-pinto-says
Paid articlePaid Fed May Delay Rate Cuts Until After 2024, Neel Kashkari Says: The Federal Reserve needs to achieve more confidence that inflation is declining before cutting ...
bloomberg.com/news/articles/2024-04-18/kashkari-says-fed-could-potentially-hold-rates-steady-all-year
Amazon ends California drone deliveries: Amazon confirmed it is ending Prime Air drone delivery operations in Lockeford, California. The Central California town ...
techcrunch.com/2024/04/22/amazon-ends-california-drone-deliveries/
Fed’s Uncertain Path Creates Bind for Bank of Canada’s Macklem: The Bank of Canada is getting closer to cutting interest rates, but there are limits to how far ...
bloomberg.com/news/articles/2024-04-19/fed-s-uncertain-path-creates-bind-for-bank-of-canada-s-macklem
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Truth Social is a mind-bending win for Donald Trump: And disturbing evidence of how he destabilises reality for Americans
economist.com/united-states/2024/04/18/truth-social-is-a-mind-bending-win-for-donald-trump
Ex-Amazon exec claims she was asked to break copyright law in race to AI: High-flying AI scientist claims unfair dismissal following pregnancy leave
theregister.com/2024/04/22/ghaderi_v_amazon/
US Rate Cuts Latest: Fed’s Preferred Inflation Gauge Is Set to Back Patience: Federal Reserve officials are about to get further confirmation that progress ...
bloomberg.com/news/articles/2024-04-20/us-rate-cuts-latest-fed-s-preferred-inflation-gauge-is-set-to-back-patience
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Amazon halts drone deliveries in California, but kicks off tests in Phoenix: The e-commerce company has closed its delivery site in Lockeford ...
engt.co/3Wav4AI
Stocks Poised for Higher Open: The March personal consumption expenditures report and other economic data this week could help provide clarity on the Federal ...
barrons.com/articles/stocks-poised-for-higher-open-cff03ea3
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Walgreens embarks on another round of layoffs: The Deerfield-based company has been cutting jobs every few months over the last year.
chicagotribune.com/2024/04/16/walgreens-layoffs/
Bond-Market ‘Washout’ Near, Setting Up a Moment to Buy, JPMorgan’s Michele Says: ‘I’m trying to hang onto all my fingers and toes and keep my discipline ...
bloomberg.com/news/newsletters/2024-04-22/bond-market-washout-near-setting-up-a-moment-to-buy-jpmorgan-s-michele-says
Fed's Loretta Mester Expects Inflation to Fall Further: Federal Reserve Bank of Cleveland President Loretta Mester said monetary policy is in a good place ...
bloomberg.com/news/articles/2024-04-17/mester-says-fed-can-hold-rates-steady-not-in-a-hurry-to-cut
Oura’s smart ring hits Target stores: Oura this morning announced that its smart ring will be available in select Target stores in the U.S. The deal ...
techcrunch.com/2024/04/22/ouras-smart-ring-hits-target-stores/
Why Is US Inflation Still High? Blame Powell Pivot, Housing Shortage: This was supposed to be the year that US inflation rode the last mile down to 2% ...
bloomberg.com/news/articles/2024-04-17/inflation-s-stubborn-start-to-2024-blamed-partly-on-powell-pivot
Paid articlePaid Higher for Longer Hits Bonds With 5% Yields Back in Play: Welcome to the Weekly Fix, the newsletter that’s confident rate cuts are coming sometime, somewhere ...
bloomberg.com/news/newsletters/2024-04-19/higher-for-longer-hits-bonds-with-5-yields-back-in-play
Student-Loan Interest Rates Set to Reach Great Recession Highs: Anyone who needs to borrow from the US government to cover college tuition this fall will likely ...
bloomberg.com/news/articles/2024-04-22/student-loan-interest-rates-set-to-reach-great-recession-highs
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Google Fires 28 Employees After Protests Over $1.2B Israeli Military Cloud Contract
uk.pcmag.com/cloud-infrastructure/151908/google-fires-28-employees-after-protests-over-12b-israeli-military-cloud-contract
Quick Glance: Google terminates 28 employees after office occupation due to anti-Israel protests
- Google terminated 28 employees on Thursday who had occupied its offices to protest against contracts with the Israeli government, as confirmed by a Google spokesperson.
- The protesters were arrested and after refusing to leave the office of Google Cloud CEO Thomas Kurian in Sunnyvale or the workspace in New York City for nearly 10 hours, they were transferred to administrative positions to urge Google to terminate the Project Nimbus contract and cease business with the Israeli government.
- No Tech For Apartheid, a project by Jewish Voice for Peace and Linda Sarsour’s MPower Change, described the terminations as an "indiscriminate act of mass retaliation."
- The office occupations at Google were accompanied by demonstrations on-site and in Seattle, aiming to compel Google to withdraw from the project to establish cloud-based data centers and transition a significant portion of the Israeli government's IT infrastructure to cloud-based servers.
Fed’s Rate-Cut Delay, Explained: What It Means for US and World: The US Federal Reserve and its vast global audience thought 2024 would be a rate-cut bonanza ...
bloomberg.com/news/articles/2024-04-19/fed-s-rate-cut-delay-explained-what-it-means-for-us-and-world
Permanently in love Bezos and Sánchez: His billions, their negligee feminism: Lauren Sánchez often dresses daringly and attracts a lot of attention for herself ...
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Asian Stocks Fall as Israel-Iran Tensions, Hawkish Fed Stance on Rates: Asian stocks plunged as broad risk aversion swept through markets on renewed concerns ...
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How OpenAI and Microsoft reawakened a sleeping software giant: Just a decade ago, the world's biggest tech beast was a relative minnow. Microsoft had become ...
thenextweb.com/news/how-openai-microsoft-created-ai-giant
Fed Says Persistent Inflation Is Seen as Top Financial Risk: Higher-than-expected interest rates amid persistent inflation are perceived as the biggest threat to ...
bloomberg.com/news/articles/2024-04-19/fed-says-persistent-inflation-is-seen-as-top-financial-risk
Paid articlePaid Firms in Beige Book Fret Over Any Lengthy Baltimore Port Closure: The closure of one of the East Coast’s busiest ports after the collapse of Baltimore’s Francis ...
bloomberg.com/news/articles/2024-04-17/firms-in-beige-book-fret-over-any-lengthy-baltimore-port-closure
Paid articlePaid Bloomberg Evening Briefing: Blame the Rent for America’s Sticky Inflation: Get caught up.
bloomberg.com/news/newsletters/2024-04-18/bloomberg-evening-briefing-blame-the-rent-for-america-s-sticky-inflation
“Fallout” series: Amazon confirms second season: Amazon has confirmed a second season of the recently launched “Fallout” series. Meanwhile ...
heise.de/news/Fallout-Serie-Amazon-bestaetigt-zweite-Staffel-9690464.html
Fading: The Bloomberg Open, Europe Edition: Good morning. China’s economy is already fading after a strong start to the year. UBS says a Fed rate hike is ...
bloomberg.com/news/newsletters/2024-04-16/fading-the-bloomberg-open-europe-edition
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Rupee recovery likely to be challenged by importers, Fed view: The Indian rupee is expected to open little changed on Tuesday on expectations that importers will ...
reuters.com/markets/currencies/rupee-recovery-likely-be-challenged-by-importers-fed-view-2024-04-23/
.@Gordonung bought a bunch of USB-C cables and put them through the wringer to find the best ones for your charging and data transfer needs:
Best USB-C cables 2024: Get quality charging and data transfers: We bought a bunch of USB-C cables and put them through the wringer to find the best ones for ...
pcworld.com/article/395115/the-best-usb-c-cables-for-charging-and-transferring-data.html
Five Things You Need to Know to Start Your Day: Asia: Musk postpones his trip to India. The Fed explores a new way of economic forecasting ...
bloomberg.com/news/newsletters/2024-04-21/five-things-you-need-to-know-to-start-your-day-asia
How Amazon became the largest private EV charging operator in the U.S.: In a little more than two years, Amazon has installed more than 17,000 chargers at about ...
bloomberg.com/news/articles/2024-04-15/amazon-electric-vans-powered-by-17-000-ev-chargers
Paid articlePaid ECB’s Vasle Sees Limit to How Far Lagarde’s ECB Can Diverge From Powell and Fed: The European Central Bank can’t fully disregard inflation dynamics and monetary ...
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Paid articlePaid Exclusive: Activist Jana, in letter, urges Wolfspeed to eye sale, other strategic alternatives
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World Economy Latest: Fed’s Delay to Cut Recalibrates All Interest Rates: Federal Reserve Chair Jerome Powell signaled US central bankers will wait longer to cut ...
bloomberg.com/news/articles/2024-04-20/world-economy-latest-fed-s-delay-to-cut-recalibrates-all-interest-rates
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Amazon’s Fallout has been renewed for season 2: Amazon has confirmed that season 2 of its live-action Fallout series is in the works to stream on Prime Video.
theverge.com/2024/4/18/24134412/fallout-season-2-amazon-prime-video
63 Albertsons in California to be sold to C&S Wholesale if Kroger merger OK’d: The company did not specify which stores in California would be sold.
ocregister.com/2024/04/22/63-albertsons-in-california-to-be-sold-to-cs-wholesale-if-kroger-merger-okd/
Citi (C) Holds Call for 125 Basis Points of Fed Rate-Cuts in 2024: Economists at Citigroup Inc. are going out on a limb by wagering that virtually everyone on ...
bloomberg.com/news/articles/2024-04-17/citigroup-says-wall-street-is-wrong-to-slash-fed-rate-cut-bets
Investment Opportunities With Hot Inflation, Higher-for-Longer Interest Rates: Rising prices and high interest rates are frustrating investors ...
bloomberg.com/news/articles/2024-04-19/investment-opportunities-with-hot-inflation-higher-for-longer-interest-rates
Paid articlePaid Gold Seen Hitting $3,000 at Citi on Investor Inflows and Fed Expectations: Gold is set to reach $3,000 an ounce over the next six to 18 months on increasing ...
bloomberg.com/news/articles/2024-04-16/gold-seen-hitting-3-000-at-citi-as-investor-inflows-juice-rally
Paid articlePaid Fed’s Uncertain Path Creates Bind for Bank of Canada’s Macklem: The Bank of Canada is getting closer to cutting interest rates, but there are limits to how far ...
bloomberg.com/news/articles/2024-04-19/fed-s-uncertain-path-creates-bind-for-bank-of-canada-s-macklem
Paid articlePaid Paraguay Central Bank Keeps Rate on Hold, Citing Oil, Fed Uncertainty: Paraguay’s central bank kept its benchmark interest rate unchanged at 6% ...
bloomberg.com/news/articles/2024-04-22/paraguay-surprises-with-rate-cut-pause-citing-fed-and-oil-uncertainty
PineBridge Eyes Long Asia Credits as Pendulum Swings on Fed Cuts: PineBridge Investments, which runs one of the top-performing bond funds in Asia in recent years ...
bloomberg.com/news/articles/2024-04-21/pinebridge-eyes-long-asia-credits-as-pendulum-swings-on-fed-cuts
Paid articlePaid Troubled Borrowers Seen Fighting for Runway Without Fed Cuts: The surprising resilience of the US economy would seem, on the face of it, to be good for ...
bloomberg.com/news/articles/2024-04-19/troubled-borrowers-seen-fighting-for-runway-without-fed-cuts
Paid articlePaid Morgan Stanley Sees Fed Cut Delay Pushing Back Easing in Asia: Most central banks across Asia are likely to begin cutting interest rates later in the year — if ...
bloomberg.com/news/articles/2024-04-16/morgan-stanley-sees-fed-cut-delay-pushing-back-easing-in-asia
Paid articlePaid Amazon Prime Membership: What Is Included and How Much Does it Cost?: Thinking about joining Amazon Prime for free shipping or want to make sure you're getting ...
pcmag.com/how-to/amazon-prime-membership-how-much-video
Muni Funds Lose Most Cash Since 2022 With Fed Delaying Cuts: Investors yanked money from municipal bond funds at the fastest clip in more than a year as they ...
bloomberg.com/news/articles/2024-04-19/muni-funds-lose-most-cash-since-2022-with-fed-delaying-cuts
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'Loud quitting': What is it and how does it affect businesses?: A recent workplace trend known as "loud quitting" can be devastating for both ...
euronews.com/business/2024/04/22/loud-quitting-what-is-it-and-how-does-it-affect-businesses
America’s interest rates are unlikely to fall this year: That will squeeze financial markets and the world economy
economist.com/leaders/2024/04/17/americas-interest-rates-are-unlikely-to-fall-this-year
Why vector databases are having a moment as the AI hype cycle peaks: Vector databases are all the rage, judging by the number of startups entering the space and ...
techcrunch.com/2024/04/20/why-vector-databases-are-having-a-moment-as-the-ai-hype-cycle-peaks/
Powell’s US Rates Warning Means Headaches for Rest of the World: Federal Reserve Chair Jerome Powell is making life tougher for his peers around the world as the ...
bloomberg.com/news/articles/2024-04-17/powell-s-us-rates-warning-means-headaches-for-rest-of-the-world
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Mortgage rates jump past 7% for the first time in 2024, posing big dilemma for homebuyers
nypost.com/2024/04/18/business/mortgage-rates-jump-past-7-for-the-first-time-in-2024-posing-big-dilemma-for-homebuyers/
Quick Glance: Mortgage Rates Surge Above 7% in 2024, Posing Major Dilemma for Homebuyers
- US mortgage rates have surged above 7%, increasing costs for homebuyers.
- The rise in mortgage rates impacts monthly costs, limiting purchasing power.
- Uncertainty surrounding rate trends poses a decision dilemma for potential homebuyers.
- Experts anticipate a moderate easing of mortgage rates later in the year.
Europe Faces Twin Blow If ECB and Fed Don’t Cut, Scicluna Warns: The euro zone’s stuttering economy would face a twin blow should interest rates not be lowered ...
bloomberg.com/news/articles/2024-04-19/europe-faces-twin-blow-if-ecb-and-fed-don-t-cut-scicluna-warns
BofA Strategists Say Rates Jitters Are Fueling Stock Outflows: Investors are pulling money out of equities as a strong US economy and sticky inflation fuel ...
bloomberg.com/news/articles/2024-04-19/bofa-strategists-say-rates-jitters-are-fueling-stock-outflows
Paid articlePaid IMF Urges Asia’s Central Banks to Avoid Closely Tracking Fed: The International Monetary Fund cautioned Asian central banks against prioritizing what they think ...
bloomberg.com/news/articles/2024-04-18/imf-urges-asia-s-central-banks-to-avoid-closely-tracking-fed
The Best Toilet Paper: Using terrible toilet paper is a bummer. We meticulously compared 36 types to find sustainable and traditional options that are tops for ...
nytimes.com/wirecutter/reviews/the-best-toilet-paper/
Joyor S5 ABE (2024): Greatly damped e-scooter in the test: Just like with e-bikes, providers of e-scooters are now a dime a dozen. If you are on a day with good ...
stadt-bremerhaven.de/joyor-s5-abe-2024-grossartig-gedaempfter-e-scooter-im-test/
Crypto Fund Outflows Shows Appetite Ebbs for ETFs, CoinShares Report Shows: Appetite for global crypto funds continued to decline after a second week of outflows ...
bloomberg.com/news/articles/2024-04-22/second-week-of-crypto-fund-outflows-shows-appetite-ebbs-for-etfs
Qualcomm and Meta join forces for AI: Meta has just presented its AI model Llama 3. Among other things, it is used to incorporate it into the company's products ...
stadt-bremerhaven.de/qualcomm-und-meta-machen-fuer-ki-gemeinsame-sache/
Fed’s Daly Says No Urgency to Cut, Policy in a Good Place: Federal Reserve Bank of San Francisco President Mary Daly reiterated there’s no urgency to adjust ...
bloomberg.com/news/articles/2024-04-16/fed-s-daly-says-no-urgency-to-cut-policy-in-a-good-place
Paid articlePaid US Bond Yields Climb on Interest-Rate Hike Mention by Fed’s Williams: The US bond market’s recovery from the year’s highest yield levels was cut short Thursday ...
bloomberg.com/news/articles/2024-04-18/bonds-stumble-on-mere-mention-of-fed-rate-hike-by-williams
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Thousands complain about Prime Video’s wrong titles, lost episodes, other errors: Business Insider reports of inaccuracy concerns that could hurt viewership.
arstechnica.com/gadgets/2024/04/thousands-complain-about-prime-videos-wrong-titles-lost-episodes-other-errors/
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