Screenshot: Google In order to better manage files for both home users and enterprise needs, Google is introducing the new Drive app, which is slated to merge and replace the features of the outgoing Drive File Stream and Backup and Sync apps. In a recent blog post, Google explained that the new Drive app is designed to be a unified client that lets you share and sync your files quickly and easily across all your devices and in the cloud. For the past few years, home users have relied on the… Source link

The Federal Reserve managed to avoid turning to negative interest rates through the pandemic-induced recession of 2020. But if the economy faces another downturn, will the central bank be backed into short-term borrowing rates below zero? In a UBS survey of almost 30 central banks around the world, 21% of respondents said they could see the Fed turning to negative interest rates if needed. The concern: With U.S. short-term rates yet again backed up at near-zero, a Fed that may be slower to… Source link

Google is aiming to help small-business insurers more accurately measure occupancy of buildings where they are on the hook for slip-and-fall accidents and other risks. The endeavor is part of a partnership between Google Cloud and Menlo Park, Calif.-based BlueZoo Inc. It is the latest publicly announced initiative of the Alphabet Inc. GOOG 0.63% unit as property and casualty insurers explore a wider range… Source link

The surge of Americans traveling on COVID-19 delayed getaways is driving up revenue at Delta Vacations.  “If you look at what we see just as recently as June, our booking revenue is up 20%, relative to 2019,” CEO Dwight James told Yahoo Finance Live. Delta Vacations is a privately owned subsidiary of Delta Air Lines (DAL), which reports second quarter earnings Wednesday. Delta Vacations does not report revenue or earnings, but its parent company Delta groups it with other subsidiaries in its… Source link

Calling all taco connoisseurs —McCormick & Company (MKC) is hiring a “director of taco relations” for a short-term stint, and it comes with a pretty hefty paycheck. On this taco Tuesday, the food company known for its spices officially announced the new, four-month contract position, which pays $100,000 (or $25,000 per month). Applicants must be 21 years of age, a U.S. resident, be available to sign a contract by the end of August and work up to 20 hours a week from September 2021 to… Source link

For the retail investor, making sense of the markets and finding the right investment is naturally the key to long-term profits. For many such investors, the strategy of choice is following the insiders. While ‘insiders’ may have a bad sound, suggesting below-board dealing to score dishonest wins, it really means something much simpler, and fundamentally honest. Insiders are corporate officers, in positions of trust with their companies, and their offices give them access to information… Source link

Goldman Sachs (GS) reported second-quarter earnings results on Tuesday that far exceeded Wall Street’s expectations, driven by strength in investment banking. Here were the key figures versus expectations:  Adjusted earnings per share (EPS): $15.02 per share vs. $10.15 estimate Revenue: $15.39 billion vs. $12.43 billion estimate Goldman’s investment banking business posted its second-best quarter ever with $3.61 billion, following a record first quarter. Revenue from investment banking… Source link

Former President Donald Trump speaks at Trump National Golf Club in Bedminster, N.J., Wednesday, July 7, 2021. (AP Photo/Seth Wenig) Donald Trump has launched a new broadside against Big Tech, with a fresh lawsuit claiming Facebook, Twitter and Google illegally banned him from their platforms. Trumpers might cheer, but the former president already has a losing record in his war against tech, and it’s likely to get worse. During the second half of his presidency, Trump turned verbal assaults… Source link

JPMorgan Chase (JPM) kicked off the second quarter earnings season for bulge-bracket backs on Tuesday, reporting better-than-expected earnings results that were bolstered by a strong economy and the release of credit reserves. Here are the key figures versus estimates, according to Bloomberg: Adjusted earnings per share (EPS): $3.78 vs. $3.15 estimate Excluding credit reserve releases: $3.03 per share Revenue: $31.4 billion vs. $30.06 billion estimate During the quarter, the largest U.S. bank by… Source link

The Google logo displayed on a smartphone with the front pages of several newspapers pictured in the background. Hakan Nural | Anadolu Agency via Getty Images Google was fined 500 million euros ($593 million) Tuesday by French competition regulators for failing to comply with an order to negotiate fair deals with news publishers for the use of their content. France’s Competition Authority said Google had breached an April 2020 ruling that ordered the company to negotiate “in good faith”… Source link