BofA warns oil could hit $100 this winter and spur crisis — protect yourself this way The worldwide energy crunch could push oil prices above $100 a barrel for the first time in years and trigger a global economic crisis, Bank of America warned on Friday. “[O]il prices could spike and lead to a second round of inflationary pressures around the world,” analysts including Francisco Blanch wrote in a note. “Put differently, we may just be one storm away from the next macro hurricane.” Of… Source link

Chinese President Xi Jinping reviews the troops during a full honors ceremony in his honor, Tuesday, Feb. 14, 2012, at the Pentagon. (AP Photo Manuel Balce Ceneta) Four somewhat random items caught my attention recently. Item #1. A snippet from a conversation with Michael Dell “It’s kind of frosty, Andy,” Dell tells me in an interview. “The relationship is a little bit frosty at the moment.”  The relationship in question being that of China with the United States, particularly in the… Source link

An alarming new update from Google that hasn’t yet made headlines has suddenly put Chrome’s 2.6 billion users at risk of “surveillance, manipulation and abuse.” If you’re one of those users, this nasty new surprise just gave you a reason to quit. Chrome has serious issues when it comes to protecting your security and your privacy. The world’s leading browser has issued one urgent fix after another this year, as high-risk exploits have been found in the wild; and just a few… Source link

Yandex, one of the leading technology companies that build intelligent products and services powered by machine learning, recently announced CatBoost 1.0.0, a new major version of their open-source machine learning library. The new version goes far beyond just an upgrade and is the culmination of four years of work by the Yandex Team.   CatBoost has been used by tech innovators for everything since its initial launch in 2017, from streaming service user recommendations to particle… Source link

Oct 1 (Reuters) – A senior manager on Google’s global security team crudely joked about a company security guard in text messages, part of a pattern of workplace harassment against the gay, Black employee, according to a lawsuit filed by the employee this week. David Brown, who according to the lawsuit is jointly employed by the Alphabet Inc (GOOGL.O) unit and security company Allied Universal, is seeking unspecified monetary damages for alleged physical and emotional harassment at Google’s… Source link

Every Friday, The Verge publishes our flagship podcast, The Vergecast, where co-hosts Nilay Patel and Dieter Bohn discuss the week in tech news with the reporters and editors covering the biggest stories. This week: lots of events and showcases! Nilay, Dieter, and Verge managing editor Alex Cranz start the show with coverage of all the devices announced at Amazon’s fall hardware event. Say hello to Astro — Alexa on wheels — along with a video chat gadget for kids, an Echo Show to… Source link

By Lewis Krauskopf and Manojna Maddipatla (Reuters) – Positive clinical trial results for Merck & Co’s experimental antiviral COVID-19 pill reverberated through the healthcare sector on Friday, sending the drugmaker’s stock price soaring while denting high-flying shares of vaccine companies and makers of other coronavirus therapies. Merck shares jumped as much as 12.3% and hit their highest level since February 2020 after data showed the company’s pill molnupiravir… Source link

California may become a ground zero for a homelessness crisis, as the end of the state’s temporary halt to evictions — which officially expired on Thursday — means renters in arrears face the prospect of being forced from their homes. Until September 30, state law automatically banned landlords from evicting people for unpaid rent. However, beginning Friday, tenants with unpaid rent can only be protected from evictions if they have applied for assistance. Tenants are still responsible for… Source link

Toronto-based personal light electric vehicle (LEV) producer Daymak plans to launch a cryptocurrency-mining car that will allow owners to make money when parked, plugged in, or wireless charging. The car, known as the Spiritus, is a three-wheeled all-electric vehicle able to seat two adults aimed at being a daily commuter “designed with the track in mind,” according to Daymak’s website. The base model Spiritus Deluxe has a top speed of over 85 mph, a 0-to-60 time of 6.9 seconds, and a… Source link

Google has stopped working on its Plex service, which aimed to let you do your banking through the Google Pay app. The service was supposed to let users sign up for checking or savings accounts offered by a variety of traditional banks that the user would then manage through the app. According to a report by the Wall Street Journal, Google canceled the project due to a series of missed deadlines and because an executive who pushed for the project left the company. Plex wasn’t meant to… Source link