A lawsuit alleging securities law violations, filed against Facebook’s parent company Meta (FB) by Ohio’s largest pension fund, should be an easy one to prove, according to the state’s attorney general. On Monday, Attorney General Dave Yost along with Ohio’s Public Employee Retirement System filed suit in federal district court in California, alleging that earlier in the year Facebook and its senior executives made false and misleading statements that artificially inflated its share… Source link

Evidence of a U.S. worker shortage is popping up from “help wanted” signs in store windows to the record number of Americans — 4.4 million — who quit their jobs in September. Employers are finding that the traditional ways of attracting new employees, like raising pay, aren’t necessarily effective. The one thing that’s more enticing to workers than anything else is remote work, said the chief executive of one of the nation’s largest job postings sites. And increasingly, job… Source link

The Biden administration looks set to soon announce its pick for who will lead the nation’s economic steward: the Federal Reserve. The White House appears to be weighing two options: keeping Jerome Powell as Fed chair or replacing him with current Fed Governor Lael Brainard. Both reportedly met with President Joe Biden earlier in the month. Biden said on Tuesday, per the White House press pool, that a decision would come in about four days (or Saturday, November 20). Personnel could change… Source link

Nov 16 (Reuters) – Multiple social media apps such as Snapchat (SNAP.N), Spotify (SPOT.N) and Alphabet’s (GOOGL.O) Google Cloud appeared to be coming back online after a brief global outage on Tuesday. Google said issues with its Cloud Networking, which counts Etsy , Spotify and Snap Inc as clients, were partially resolved shortly after thousands of users flagged it on outage tracking website downdetector.com. Google Cloud’s dashboard earlier showed that services including cloud developer… Source link

Sites and services like Spotify, Discord, Snapchat, and Etsy seem to be recovering after an outage that brought them, and many other sites, down for a little less than an hour on Tuesday. The culprit for the outages appears to have been Google Cloud, and the service’s status page still shows a networking issue is currently causing problems resulting in the 404 errors that appeared on affected web pages. An update to the status page posted at 1:17PM ET says “the issue with Cloud… Source link

The White House has made a pivot in recent weeks to frame the president’s current economic agenda as one that won’t exacerbate inflation and might even help ease the ongoing price pressures. Experts tend to back them up, noting that the just-signed infrastructure bill and the still-being-negotiated Build Back Better Act, Biden’s social policy legislation, are largely paid for and would not be expected to infuse a huge amount of money into the economy quickly. But that isn’t exactly true… Source link

Walmart “flexed its muscles” in an inflationary environment with a solid third quarter out on Tuesday, says Jefferies analyst Stephanie Wissink.  But the world’s largest retailer also posed in front of fierce rival Amazon (AMZN) by adding a significant number of new third-party sellers to its Walmart.com business. Walmart (WMT) said it added about 21 million new items to its online marketplace in the third quarter.  Growing its marketplace business to take on Amazon’s dominant position has… Source link

We’re running with a three-headed backfield as the spine of our lineup this week. Christian McCaffrey and Dalvin Cook command a hefty chunk of salary, but there are some enticing mid-priced, high-upside players available, too. Per usual, we’re accepting the volatility that comes with an all-or-nothing GPP approach for our Week 11 Yahoo DFS lineup. Again, since we’re playing in GPP tournaments, a lot of our selections are boom-or-bust by nature. We’d rather fall… Source link

We had some serious economic news this month, when October’s inflation rate came in at 6.2% annualized. It was the sixth consecutive month +5% year-over-year inflation gains – and the highest inflation rate seen in the US since 1990. Billionaire Ray Dalio, founder of Bridgewater Associates, reminds investors that the worst asset to hold in this environment is cash. “Some people make the mistake of thinking that they are getting richer because they are seeing their assets go up in price… Source link

Chrome users beware, attacks on Google’s browser are increasing rapidly and now multiple new hacks have been confirmed.  Google has confirmed 25e new Chrome security vulnerabilities, including seven ‘High’ level threats LIGHTROCKET VIA GETTY IMAGES MORE FROM FORBESGoogle Critics Explain Why You Should Quit ChromeBy Gordon Kelly Google published the news in a new blog post, where it revealed an eye-popping 25 new vulnerabilities have been discovered in the… Source link