Surging inflation is creating a conundrum for the Federal Reserve, economist Nouriel Roubini cautioned on Wednesday, adding that spiking prices will persist and potentially tie the central bank’s hands. With demand soaring, the resulting supply and labor bottlenecks are lighting a fire under prices. Although the Fed insists the effects are “transitory,” Roubini — also known as “Dr. Doom” for his gloomy economic predictions — warned that the central bank won’t be able to tighten monetary… Source link

Google is announcing today that it is delaying its plans to phase out third-party cookies in the Chrome browser until 2023, a year or so later than originally planned. Other browsers like Safari and Firefox have already implemented some blocking against third-party tracking cookies, but Chrome is the most-used desktop browser, and so its shift will be more consequential for the ad industry. That’s why the term “cookiepocalypse” has taken hold. In the blog post announcing the delay,… Source link

Stephen Shankland/CNET Google has delayed a major privacy change to its Chrome browser, pushing… Source link

NEW DELHI, June 24 (Reuters) – Google deepened its partnership with Reliance Jio on Thursday with an “ultra-affordable” smartphone which could connect hundreds of millions of customers to high-speed mobile data and a cloud tie-up to boost the Indian telecoms firm’s 5G push. The ‘JioPhone Next’ has been developed by Alphabet’s (GOOGL.O) Google and Jio for the Indian market, Mukesh Ambani, chairman of Reliance Industries (RELI.NS) of which Jio is a part, told his company’s annual shareholder… Source link

New weekly jobless claims resumed declining last week but by a smaller than expected margin, underscoring the still-choppy recovery in the U.S. labor market.  The Department of Labor released its weekly report on new jobless claims on Thursday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus data compiled by Bloomberg: Initial jobless claims, week ended June 19: 411,000 vs. 380,000 expected and an upwardly revised 418,000 during prior week Continuing claims,… Source link

PHOENIX — Saving your passwords and even your payment information on your phone may make online shopping a lot quicker, but it could also leave you open to some unexpected charges. Kathy says she learned the hard way after she got a fraud alert from her bank. “I was absolutely appalled. They had drained the entire checking and savings account,” said Kathy. Almost $9,000 was gone. She says even more surprising, all the money went to buy games through Google Play. Kathy says she did link her… Source link

Indian tech giant Jio Platforms has collaborated with Google on a new affordable smartphone called the JioPhone Next, Jio’s parent company Reliance announced today. The Next is aimed at helping the roughly 300 million users in India who are currently on 2G networks upgrade to 4G, TechCrunch reports. It will be released in India on September 10th, before coming to other markets at a later date. Reliance chairman Mukesh Ambani said the JioPhone Next would be an “ultra-affordable 4G… Source link

Jio Platforms, run by India’s richest man (Mukesh Ambani), and Google on Thursday unveiled the JioPhone Next, an affordable Android smartphone, as the top Indian telecom operator makes further push to expand its reach in the world’s second largest internet market. The Indian firm, which secured $4.5 billion investment from Google (and another $15.5 billion from Facebook and others) last year and shared plans to work on low-cost smartphones, said the JioPhone Next is aimed at… Source link

A section of Champlain Towers South, a Miami Beach condominium just one block from where Jared Kushner and Ivanka Trump are leasing a home, crumbled in the wee hours of Thursday morning. Screengrab/Google Street View; Screengrab/Alex Hernandez via Twitter A person died with 8 more injured in a Florida building collapse early Thursday, local media said. A video posted on Twitter showed damage to Champlain Towers on 8777 Collins Avenue, Surfside. The building is one block from Ivanka Trump and… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, June 24, 2021 Supply can’t meet demand, housing edition We’ve periodically checked in on the housing market at The Morning Brief over the last year, and the story has, in general, been consistent.  Home prices are rising amid a surge in demand, while low interest rates enable buyers to afford more house.  But cracks in the housing market… Source link