Yandex Self-Driving Group (SDG), the autonomous vehicle arm of internet giant Yandex, and Grubhub have teamed up to introduce delivery robots to the Ohio State University (OSU) campus in the US. Orders placed by students and personnel via the Grubhub app will be delivered by a fleet of 50 Yandex robots, with the service operating from 9am to 9pm and serving both residential halls and communal areas. Each Yandex robot moves at between three and five miles per hour,… Source link

Flower Boutique Taras Zaluzhnyi via Unsplash SEO, or Search Engine Optimization, has become increasingly popular over the past few years among e-commerce businesses exploring new marketing efforts – primarily due to the inconsistency and unprofitability of modern-day paid advertising. This strategy seeks to help businesses rank higher in search engines (like Google) to increase both the quality and quantity of traffic to their website. The problem with most advertising strategies… Source link

(Bloomberg) — Asian stocks rose early Monday as traders sought to take advantage of last week’s selloff while weighing risks from the delta virus strain and China’s regulatory curbs. The dollar was firm. Shares climbed in Japan, South Korea and Australia. U.S. equity futures edged higher after an advance in the S&P 500 and tech-heavy Nasdaq 100 at the end of last week. Beijing’s clampdown on private industries is set to shadow the market open in China and Hong Kong later. The dollar… Source link

Big Oil is coming off yet another blockbuster season, posting the second consecutive quarter of stellar top-and-bottom line growth. According to the latest FactSet data, the energy sector’s Q2 2021 revenue growth rate of 24.9% came in way higher than Wall Street’s estimate of 19.4% while the sector reported earnings of $15.9 billion compared to a loss of -$10.6 billion in Q2 2020 marked the biggest Y/Y improvement of any of the S&P 500‘s 11 market sectors.  Interestingly, the Big Oil duo of… Source link

Governments can’t stop cryptocurrencies, but they can make it much harder to access them. So it would make sense that unfriendly government policies in the world’s largest economies would play a role in driving down the price of bitcoin. As a case in point, in the few days after China reiterated its crypto crackdown in May, bitcoin at one point plunged by as much as 30%. The drop was another reminder that when China speaks, the market listens. The U.S., it seems, not so much.  This month,… Source link

Alibaba Group Holding Ltd -ADR (NYSE: BABA) has been slaughtered since October 2020 when it reached an all-time high of $319.32. The sharp decline has been partly due to poor U.S./China relations as well and Chinese regulators cracking down on the e-commerce giant and its CEO Jack Ma. Since July 22 the decline in the stock has accelerated and although there has been some bounce plays for the bulls, the stock has become risky due to new out of China, when the U.S. markets are closed, causing… Source link

Soaring COVID-19 infections, combined with mass uprisings around the world, are destabilizing global order — and new research from the International Monetary Fund (IMF) suggests the collective dynamic is likely to hinder a fragile recovery. A working paper published by IMF researchers Luca Antonio Ricci, Metodij Hadzi-Vaskov and Samuel Pienknagura, PhD, recently explored the macroeconomic impact of social unrest, finding that “unrest events” are correlated to a decline in global… Source link

The federal eviction moratorium, which has allowed struggling renters swamped by the fallout from COVID-19 to remain in their homes but left landlords mostly on the hook for unpaid rent, is starting to draw more fire from both camps. As the Delta variant drives a resurgence of cases across the country, landlords and tenants alike are speaking out about the shortcomings of the moratorium, which hasn’t resolved the fundamental issue of tenants unable to pay back rent — or property owners… Source link

Traders this week are poised to focus closely on Federal Reserve policymakers’ virtual appearance at the bank’s annual Jackson Hole Economic Policy Symposium.  The event, which takes place from Thursday to Saturday this week, is set to serve as a forum for more discussions around Fed policymakers’ plans to announce and implement a shift in the central bank’s monetary policy stance. Namely, investors have been closely watching for months to hear when officials will begin tapering their… Source link

Masks mandates are on the rise as the Delta variant of COVID-19 continues to spread across the United States — amplifying divisions between supporters of anti-coronavirus protocols and opponents who emphasize personal freedom. On Thursday at midnight, L.A. County enacted an outdoor mask mandate for large events with over 10,000 attendees, including concerts, festivals, and sporting venues — regardless of vaccination status. This comes after the L.A. County Public Health Department… Source link