The move comes even as the company embracing a hybrid work model because of the pandemic. Google said Tuesday that the new office will be an “anchor” of its sprawling city campus that houses much of its 12,000-strong regional workforce. It’s scheduled to open in mid-2023. The Wall Street Journal, which first reported the news, wrote that the deal is the most expensive sale of a single US office building since the onset of the Covid-19 pandemic, and ranks as one of the priciest ever in US… Source link

The thought of a Lehman Brothers-esque collapse in China sent U.S. investors running for the exits Monday. The Dow Jones Industrial Average (^DJI) sank 614 points, while the S&P 500 (^GSPC) fell 75 points and the Nasdaq Composite (^IXIC) plunged 330 points. It was the market’s worst one-day slide in months and shattered an extended stretch of calm for stocks. The S&P 500 hadn’t fallen more than 1% since mid-August. Investors were rattled by news that the major Chinese real estate developer… Source link

Microsoft’s 85% share of the productivity business within the U.S. government market is part of a harmful “monoculture” that stifles innovation, according to a new report commissioned by Google and the Computer & Communications Industry Association. Between the lines: The report is the latest example of Google and Microsoft going after one another since the companies scrapped a pact to avoid direct attacks. The big picture: Microsoft’s huge share of the office productivity suite market isn’t… Source link

A rendering of St. John’s Terminal with Google CEO Sundar Pichai (COOKFOX Architects, Getty) Google announced Tuesday it was expanding its office inventory in the city with the purchase of 550 Washington Street for $2.1 billion. The tech giant already leased space at the property, called St. John’s Terminal, from Oxford Properties, the Wall Street Journal reported, and will be exercising an option to buy the building, which the company said it expects to do in the first quarter of… Source link

Some states are a step ahead of others in creating a “teacher-friendly” environment, according to a new study by personal finance site WalletHub revealing the best and worst states for teachers. WalletHub used 24 metrics to determine how “teacher-friendly” states are, said WalletHub analyst Jill Gonzalez. They include starting salary, average salary, income growth, and potential change in wages over time. Pensions, workforce competition, class size, school spending, and school system quality… Source link

A person in a mask walks by the New York Google offices after they announced they will postpone their reopening in response to updated CDC guidelines during the outbreak of the coronavirus disease (COVID-19) in Manhattan, New York City, U.S., July 29, 2021. Andrew Kelly | Reuters Google plans to buy a New York City office building for $2.1 billion, even as most of its workforce remains remote, the company announced Tuesday. The purchase is the the most expensive for any single U.S. office… Source link

McDonald’s (MCD) is planning to give its iconic Happy Meal toys a major makeover, as big companies push to make their operations more environmentally friendly in the face of climate change. On Tuesday, the Golden Arches announced its plans to make every toy around the world more sustainable by 2025. In order to do so, McDonald’s is working closely with its supply chain to use renewable, recycled or certified materials.  If realized, the fast-food giant estimates it will result in a 90%… Source link

With , developers both big and small have started updating their apps to take advantage of the operating system’s marquee features. One of those is Google, which the iOS 15-related enhancements you can expect from its apps. The biggest change involves how Gmail, Meet, Tasks, Maps, Home and many of Google’s other applications will handle notifications. Should you have iOS 15’s new Focus Mode enabled, Google says prompts that don’t require your immediate… Source link

Stock futures gained Tuesday morning after sliding a day earlier, as a bevy of concerns out of China and in Washington spurred a steep selloff across risk assets. Traders also turned their attention to the start of the Federal Reserve’s latest two-day monetary policy-setting meeting. Contracts on the S&P 500 advanced by about 0.8% after the blue-chip index logged its worst day since May by the end of Monday’s session. Dow futures added more than 300 points, or 0.9%, while Nasdaq futures… Source link

If you happen to be on Ohio State University’s campus this fall, you’re likely to see what looks like a robot invasion. Fear not, they come in peace—with food. GrubHub and Ohio State have partnered to launch food delivery on campus using 50 self-driving “Rovers” provided by Yandex Self-Driving Group, a spinoff by Russian search engine powerhouse Yandex. That will expand to a fleet of 100 Rovers if all goes well, a spokesman says. Ordinary cars can’t reach the pedestrian-only areas… Source link