(Bloomberg) — Just under four years ago, brothers Joesley and Wesley Batista were in Brazilian prison cells with concrete bunk beds, their multibillion-dollar meat empire near collapse in one of the world’s biggest corporate corruption scandals. Today, they’re not only free men but their company, JBS, is worth three times what it was then, operates in 20 countries and controls a quarter of U.S. beef processing. The brothers, worth $5.8 billion, hold stakes in companies with $28 billion… Source link

Join executive leaders at the Conversational AI & Intelligent AI Assistants Summit, presented by Five9. Watch now! Google has announced that all Workspace (formerly G Suite) customers can now apply to access Google Meet through its face-mounted Glass device as part of an open beta program. While many people will likely have forgotten all about the once consumer-focused Google Glass, the internet giant has continued to offer the augmented reality (AR) contraption to businesses as… Source link

(Bloomberg) — It was the type of master stroke that could make a Wall Street career. Jason Mudrick’s financing of AMC Entertainment Holdings Inc. at the height of the pandemic netted his hedge fund hundreds of millions of dollars in just a few months. Then, in the blink of an eye, it was gone. Options contracts meant to hedge the bullish wager went haywire as retail traders flocked to AMC’s stock, pushing shares to once unimaginable heights and costing Mudrick Capital Management all of… Source link

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Ohio has launched itself headlong into reducing Bitcoin’s carbon footprint after signing a five-year deal with Bitcoin mining company Standard Power to provide a nuclear-powered mining centre. The operation will be live from December 2021 and will produce so-called ‘green Bitcoins’. Ohio has successfully bid to host the state-of-the-art facility in Coshocton in an effort to boost the number of tech jobs in the region. Energy Harbor Corp is an independent power producer, fully integrated… Source link

In 2021, a grassroots movement has emerged and low-priced stocks are being targeted – but not necessarily in a bad way. If anything, the attention surrounding meme stocks has only helped to boost their prices and shine the spotlight on under-the-radar businesses. A prime example of this would be Exela (XELA) stock, which has seen unusual trading volume and price action recently. There’s an old saying in the financial markets: know what you own. Therefore, we’ll delve into what Exela does… Source link

NEW DELHI, July 15 (Reuters) – Alphabet Inc’s (GOOGL.O) Google is ramping up cloud infrastructure in India with a second cluster of data centres in and around capital New Delhi to meet increasing customer demands in a key growth market, senior company executives said. The Google cloud region in Delhi and its outskirts is the U.S. tech giant’s second such piece of infrastructure in the country and the tenth in the Asia Pacific. “We have seen enormous growth in demand for Google cloud services… Source link

New Jersey, USA, – The latest market report published by Market Research Intellect, titled ‘Global Search Engine Market,’ presents an accurate analysis of the estimated market size, share, revenue, and sales & distribution networks of the global Search Engine market over the forecast period. The report offers an exhaustive overview of the market, along with a precise summary of the market’s leading regions. Our team of analysts has studied the existing competitive landscape of the… Source link

(Reuters) – The U.S. Consumer Product Safety Commission (CPSC) said on Wednesday it has sued Amazon.com Inc to force the retailer to recall hundreds of thousands of hazardous products that it had distributed on its platform. By a 3-1 vote, the CPSC voted to file an administrative complaint saying the Seattle-based e-commerce giant was legally responsible to recall the products as they posed a serious risk of injury or death to consumers. The products included 24,000 carbon monoxide detectors… Source link

Rising worker productivity is a good omen for the US economy that could help address the country’s recent bout of inflation, Brent Schutte, chief investment strategist at Northwestern Mutual Wealth Management, said. “That’s the little-known secret that no one talks about,” Schutte told Yahoo Finance Live. “In the U.S. economy, productivity is rising. That’s a really good thing because that increases the amount that we can pay our workers, makes the US economy grow faster, and… Source link