The company and law firm names shown above are generated automatically based on the text of the article. We are improving this feature as we continue to test and develop in beta. We welcome feedback, which you can provide using the feedback tab on the right of the page. WASHINGTON, Jan 24 (Reuters) – Washington, D.C., Attorney General Karl Racine sued Google (GOOGL.O) on Monday over what he called deceptive location tracking practices that invade users’ privacy. Three other state attorneys… Source link

El Salvador President Nayib Bukele during the Latin Bitcoin conference on November 20, 2021.Marvin Recinos/AFP via Getty Images El Salvador has bought 410 bitcoin for $15 million, the country’s President Nayib Bukele tweeted Friday. “Some guys are selling really cheap,” he wrote, as crypto continued to sell off. Bitcoin has plummeted over the last week and is down almost 50% from its November record high. El Salvador purchased 410 bitcoin worth $15 million as the cryptocurrency’s price plunged,… Source link

After a series of major execution missteps, Peloton (PTON) has a new activist investor knocking down its doors.  In a scathing new letter released on Monday, activist Blackwells Capital — which reportedly has amassed a less than 5% stake in the company — demanded Chairman, founder and CEO John Foley be immediately fired.  “Mr. Foley must be held accountable for his repeated failures to effectively lead Peloton,” Blackwells chief investment officer Jason Aintabi wrote in the letter…. Source link

Reports over the weekend suggest that US President Biden is going to introduce an Executive Order for cryptocurrencies at the beginning of February. The order is expected to span across government and plans to weigh-up the benefits and disadvantages of digital assets, alongside implementing a reporting system for government on cryptocurrencies. Officials are yet to confirm the rumour. What has been confirmed is that there have been several top-level meetings with senior figures at the White… 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 Monday, January 24, 2022 Memo to investors: Don’t buy flaming piles of garbage right now.  Those flaming piles of garbage could be the five software stocks (of companies losing money and valued at 85 times forward earnings) on your watchlist that have on average lost 25% in the past four weeks as a result of Federal Reserve rate hike fears (and… Source link

In 1998, a computer science PhD student called Larry Page submitted a patent for internet search based on an obscure piece of mathematics. The method, known today as PageRank, allowed the most relevant webpages to be found much more rapidly and accurately than ever before. The patent, initially owned by Stanford, was sold in 2005 for shares that are today worth more than $1bn. Page’s company, Google, has a net worth of well over $1tr. It wasn’t Page, or Google’s cofounder Sergey Brin,… Source link

In the fall of 2019, Google told the world it had reached “quantum supremacy.” It was a significant scientific milestone that some compared to the first flight at Kitty Hawk. Harnessing the mysterious powers of quantum mechanics, Google had built a computer that needed only three minutes and 20 seconds to perform a calculation that normal computers couldn’t complete in 10,000 years. But more than two years after Google’s announcement, the world is still waiting for a quantum computer… Source link

When it was all over, Kansas City Chiefs quarterback Patrick Mahomes sprinted across the field to pay it forward. He weaved his way past the celebrating embraces of backup quarterback Chad Henne and linebacker Frank Clark, dropping his helmet at the 35-yard line and curving his trajectory to a person who had earned a shared private moment in the most public of places.  Normally, this singular path in the euphoric chaos of victory delivers a player to an embrace with family or a cherished… Source link

Yandex (NASDAQ:YNDX) has received an average rating of “Buy” from the eight research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $82.86. YNDX has been the topic of a number of research reports. HSBC upgraded Yandex from a “hold” rating to a “buy”… Source link

Google is facing a fresh complaint from Germany’s largest publishers and advertisers, which are demanding that the EU intervene over the search giant’s plan to stop the use of third-party cookies. Axel Springer, the publisher of titles such as Bild and Politico, is among the hundreds of publishers, advertisers and media groups that have argued to the bloc’s competition chief, Margrethe Vestager, that Google is breaking EU law with its move to phase out third-party cookies from… Source link