Google Cloud is expected to announce Thursday a deal to provide cloud-computing services to Cleveland-based regional bank, KeyBank National Association, a subsidiary of KeyCorp. Under the agreement, KeyBank will migrate the majority of its products and services to Google’s cloud by 2025. It is the latest in a series of deal announcements from the Alphabet Inc. unit as it works to increase its… Source link

(Bloomberg) — Meta Platforms Inc.’s one-day crash may rank as the worst in stock-market history. Most Read from Bloomberg The Facebook parent plunged 24% in U.S. trading Thursday on the back of poor earnings results, putting it on track to erase more than $200 billion. At current levels, that’s the biggest collapse in market value for any U.S. company. But there’s no certainty the losses will hold, especially given the recent volatility that’s whipped across technology shares. Markets… Source link

“Buy the dip” has been a headline-making phrase lately. Whether from professional strategists, or in the form of a meme on Twitter, the mantra has inspired an entire generation of investors to go bargain hunting for stocks in the face of a market pullback. Moreover, price action since the onset of the pandemic has generally favored that strategy: every drawdown since the beginning of 2020 has been followed by a comeback to a new high. But after a dismal start to the year for equities, 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, February 3, 2022 Omicron wave retreats, leaving wreckage in its wake Like a strong tide that crashes into a beach shore before it washes back out to sea, the Omicron variant of COVID-19 — which has spent months buffeting the global economy — is mercifully in retreat. But it’s leaving some debris in its wake. On Wednesday, we learned… Source link

Technologists, for one, are also talking about a radical shift to Web3, where large online platforms will be replaced by systems underpinned by blockchain, a move that would require rethinking the companies’ revenue model. Regulators, meanwhile, are targeting Google and Facebook’s dominance of the digital ad space; and young people’s gravitation to gaming, messaging and TikTok has already threatened Facebook’s all-important engagement metrics with advertisers. Source link

SEOUL, Feb 3 (Reuters) – South Korea’s telecommunications regulator wants better compliance plans from Apple Inc (AAPL.O) and Alphabet’s (GOOGL.O) Google before finalising rules for a law banning app store operators from forcing software developers to use their payments systems, officials said on Thursday. South Korea passed the law, an amendment to the Telecommunication Business Act, last year. The rules, due to be drawn up by March 15 and called the enforcement ordinance, will lay out what… Source link

On Tuesday, Google announced its earnings for the final quarter of 2021. Like many of its tech brethren, it was a very good quarter. Google reported record revenue of $75 million, most of which came from the company’s advertising business.  In fact, Google’s advertising business is so good that the company loses money on everything else, but still managed to post one of the most profitable quarters of any company, ever. For the three months ending in December, Google made almost $21 billion… Source link

Did you know that Google Maps has a nifty little trick that lets you adjust zoom with just one finger? Because I sure as hell didn’t until yesterday, when a tweet from Sketchfab CEO Alban Denoyel alerted me to its existence via a years-old YouTube video from 2013. The shortcut is simple: just double-tap the maps interface, but instead of lifting your finger after the second tap (the shortcut for zooming in), you leave it touching the screen. Then a swipe up zooms out, and a swipe down… Source link

After more than 24 hours to think about it, Miami Dolphins owner Stephen Ross issued a fiery response to the claims made against him by ex-coach Brian Flores. Ross released a statement just before midnight local time on Wednesday calling Flores’ allegations in a class-action lawsuit “malicious” and “defamatory” while vowing to defend himself.  “With regards to the allegations being made by Brian Flores, I am a man of honor and integrity and cannot let them stand without responding,” Ross… Source link

Wendy’s (WEN) — the self-proclaimed “Queen of Spice” — is adding two new menu entrees: a hot honey chicken biscuit breakfast sandwich and a chicken sandwich. Dubbed the “hot honey duo,” the latest entrants into the chicken sandwich wars will retail for $5.99 (chicken sandwich) and $3.19 (chicken biscuit), hitting Wendy’s locations nationwide on February 8th. Both options include what the company says is the “sweet taste of honey with a fiery habanero kick” and will be a part of the ‘Made… Source link