Stock futures traded slightly higher Wednesday evening to extend gains from a positive session earlier, with the three major indexes recovering from some heavy selling pressure earlier this month.  Contracts on the S&P 500 moved higher as the overnight session kicked off. Dow and Nasdaq futures also gained.  Traders are looking ahead to a set of key economic data on Thursday, which will show how solidly the consumer held up as the latest wave of the coronavirus spread across the U.S. The… Source link

Thomas Kurian, chief executive officer of cloud services at Google LLC, speaks during the Google Cloud Next ’19 event in San Francisco, California, U.S., on Tuesday, April 9, 2019. The conference brings together industry experts to discuss the future of cloud computing. Michael Short | Bloomberg | Getty Images Google Cloud CEO Thomas Kurian is shaking up the unit’s engineering organization in hopes of gaining market share more quickly. Kurian announced a number of changes among its technical… Source link

Missouri Republican joins ‘Kudlow’ to explain why Big Tech companies are monopolies that need broken up. Sen. Josh Hawley, R-Mo., is asking Google for answers, suggesting in a Wednesday letter that the search engine giant showed ideological bias towards pro-life groups. His letter came a day after Live Action President Lila Rose announced that Google had removed her organization’s ads, including one promoting the abortion reversal pill. Hawley wrote: “When I spoke with Mark Zuckerberg… Source link

Google is set to debut its first in-house smartphone chipset, the Tensor SoC, in its upcoming Pixel 6 and Pixel 6 Pro phones. And if the latest report from XDA is correct, the Tensor’s rumored CPU setup could be very, very weird — even by Google standards. So far, Google has largely been hyping up the Tensor SoC’s AI performance; but it hasn’t revealed any information on the basic CPU and GPU specs of the chip. Google’s Rick Osterloh would only tell The Verge that “the standard… Source link

Google employees and subcontracted workers are demanding that the company pay back wages to temporary workers, following a Guardian report that revealed Google had knowingly and illegally underpaid thousands of temps for years. More than 140 workers have signed a petition addressed to Google executives calling on the company to “immediately pay back all Temps, Vendors and Contractors (TVCs) who have been knowingly underpaid by Google” and to “create an immediate path to permanent… Source link

The maxim “buy the dip” has been commonplace in retail investing – and retail investors demonstrated their commitment to this idea during the pandemic. But for the first time in a while, retail investors might be ignoring that guidance now. The S&P 500 index dropped over 30% in March 2020. Ordinary investors didn’t flinch; instead, they bought up index funds on the cheap. In many cases, this activity has worked as a counterweight to the market’s plunges. A note from Vanda Research, a… Source link

Inside the Democrats’ forthcoming package of proposed social spending is a host of significant changes to how Americans might save for retirement in the years and decades ahead. The provisions – if enacted – would be one of the most impactful changes to the private retirement system since the SECURE Act was passed in 2019. Susan Neely, president and CEO of American Council of Life Insurers, supports the proposals and told Yahoo Finance that “the punchline is it will be a huge leap… Source link

The unpredictable Delta variant appears to be wreaking havoc on the financial modeling skills of the team covering Apple (AAPL) at Goldman Sachs.  “We believe growth in iPhone revenue in calendar fourth quarter will be challenging for Apple but we continue to flag a low level of confidence in our ability to predict demand given the complex interplay of issues like the Delta variant, supply shortages, the end of stimulus and high consumer savings,” conceded Goldman Sachs analyst Rod Hall in a… Source link

Amazon’s stock (AMZN) has been stuck in the penalty box for most of 2021 as investors see what new CEO Andy Jassy has up his sleeves and the company’s growth slows after a big 2020 as people shopped more online at the height of the pandemic.  Veteran tech analyst Mark Mahaney of EvercoreISI thinks Amazon’s stock has a ways to go before it begins a sustained upward ascent.  “Amazon’s stock is waiting for an unlock,” Mahaney said on Yahoo Finance Live. “Amazon is going into another investment… Source link

Amid a major student loan debt crisis in the U.S., a new report by the Texas Public Policy Foundation found that some degrees cost tens of thousands of dollars more than others.  The report — which uses new data released by the Department of Education (ED)’s College Scorecard to examine typical college debt by credential and program — contributes to a burgeoning trend of transparency that’s aimed at scrutinizing the cost of tuition generally. The analysis “is really quite revolutionary… Source link