Stocks rose, recovering some losses after last week’s selloff. The S&P 500 gained nearly 1%, after closing out last week with a 3.3% weekly loss for its worst since October. The information technology and consumer discretionary sectors led advances, while energy and consumer staples lagged. The Nasdaq outperformed as tech shares jumped, and the Dow also rose slightly. Other asset classes performed even more strongly, fueled by a crowd of retail investors piling en masse into names… Source link

The Australian government is in the midst of a bold attempt to have tech companies pay the publishers of content that is shared on their platforms. This is one of the fundamental cases facing tech in the coming years. Large tech companies have enjoyed relatively little regulation and scrutiny given the nature and size of their businesses. While many of these issues will take years to litigate, Alphabet Inc.’s (GOOGL) Google seems to be floating a strategy of search brinkmanship to scare… Source link

New York Times columnist Charles Blow has outlined a new proposition to increase Black political power: a mass migration of Blacks in America to the South to create Black-majority states and cities. Blow calls for a “Second Great Migration,” a reversal of the Great Migration that saw millions of Black Americans flee oppression and a lack of economic opportunity in the South for cities in the North, Midwest, and the West. “I understand why people migrated during the Great Migration,”… Source link

(Bloomberg) — Apple Inc. is selling bonds to take advantage of cheap borrowing costs, tapping the market for a third time since May as it looks to return more cash to shareholders. The company is issuing debt in six parts, according to a person with knowledge of the matter. The longest portion of the offering, a 40-year security, may yield between 115 and 120 basis points above Treasuries, said the person, who asked not to be identified as the details are private. Until 2020, Apple hadn’t… Source link

Leaders of five historically Black colleges and universities met with Google CEO Sundar Pichai on Friday to discuss the company’s relationship with the schools in the wake of anti-HBCU-graduate discrimination allegations made by a former Google employee. On December 21, ex-Google diversity recruiter April Curley tweeted that she had been fired by the company in September after repeatedly raising concerns about how the tech chain evaluates black college graduates. In recent… Source link

Leaders of five historically Black colleges and universities met with Google CEO Sundar Pichai on Friday to discuss the company’s relationship with the schools in the wake of anti-HBCU-graduate discrimination allegations made by a former Google employee. On December 21, ex-Google diversity recruiter April Curley tweeted that she had been fired by the company in September after repeatedly raising concerns about how the tech chain evaluates black college graduates. In recent… Source link

Even if you aren’t a fan of the Tampa Bay Buccaneers or the Kansas City Chiefs, you can get into the Super Bowl fun, starting Tuesday in “Fortnite.” In advance of the big game Sunday, gamers can check into a Verizon 5G Stadium within the popular video game “Fortnite” starting Monday and play four football-inspired games and find some other hidden perks. Then on Tuesday and Friday, NFL players including Tua Tagovailoa and Kyler Murray will join pro gamers Myth and KittyPlays on a livestream… Source link

The Guardian Claim of anti-conservative bias by social media firms is baseless, report finds New York University study: algorithms amplify rightwing voicesTwitter, Facebook and YouTube banned Trump for incitement Senator Ted Cruz questions Mark Zuckerberg and Jack Dorsey, CEOs of Facebook and Twitter respectively, on the US Senate judiciary committee in November 2020. Photograph: Rex/Shutterstock Republicans including Donald Trump have raged against Twitter and Facebook in recent months,… Source link

(Bloomberg) — The name is a byword for power on Wall Street. But suddenly, there it was, in the White House Briefing Room, too: “Citadel.”Given the wild stock-market spectacle involving GameStop Corp., the question last week for the new press secretary was this: would Janet Yellen, now Treasury secretary, recuse herself from the matter given the hundreds of thousands of dollars she’d collected in speaking fees from Citadel?For people outside financial circles, the answer — Yellen is… Source link

Alphabet has been reporting Google Cloud revenue for a year now. Photo: David Paul Morris/Bloomberg News … Source link