A recessionary storm could be forming off into the distance amid a host of inflationary and geopolitical concerns, warns strategists at Goldman Sachs. “We now see the risk that the U.S. enters a recession during the next year as broadly in line with the 20-35% odds currently implied by models based on the slope of the yield curve,” said Goldman Sachs Chief Economist Jan Hatzius. The top Wall Street strategist cut his 2022 U.S. GDP forecast to a growth of 1.75% from 2% previously. Consensus… Source link

A 3D printed Facebook’s new rebrand logo Meta is seen in front of displayed Google logo in this illustration taken on November 2, 2021. REUTERS/Dado Ruvic/Illustration/Files Register now for FREE unlimited access to Reuters.com Register BRUSSELS/LONDON, March 11 (Reuters) – European Union and British antitrust authorities launched parallel investigations on Friday into a 2018 online display advertising deal between Google and Facebook, adding to a long list of regulatory challenges facing the… Source link

Google is being probed by the EU and the U.K. over whether it and Meta Platforms sought to illegally fix prices in digital advertising. Photo: Marcio Jose Sanchez/Associated Press 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 Friday, March 11, 2022 The post-pandemic era arrived while you were worried about Russia To paraphrase Jay-Z (I’m a Brooklynite, sue me): The market has 99 problems, but COVID-19 doesn’t seem to be one. Well, at least not anymore, given investors’ ever-lengthening list of concerns. Spiraling inflation that hasn’t been seen in decades is… Source link

Google and Meta are being investigated by antitrust regulators in the EU and UK over “Jedi Blue” — a deal between the two firms that critics say allowed them to block smaller tech companies from gaining a foothold in the online ad market. In a press statement, the European Commission said it was concerned that the September 2018 agreement “may form part of efforts to exclude ad tech services competing with Google’s Open Bidding programme, and therefore restrict or distort… Source link

ING PROFILEING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is empowering people to stay a step ahead in life and in business. ING Bank’s more than 57,000 employees offer retail and wholesale banking services to customers in over 40 countries.ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US,… Source link

After seemingly forgetting that Android tablets existed for a while, Google is suddenly very invested in the market. Android 12L is in development to support larger-screened devices, and one of the platform’s co-founders, Rich Miner, has rejoined the team with the title “CTO of Android tablets.” Now, speaking to developers during an episode of Google’s The Android Show, Miner explained the opportunity the company is seeing (via 9to5Google). Miner references the introduction of… Source link

When I recently Googled “best toaster” on my phone, thinking about replacing the appliance in my apartment kitchen, the search immediately yielded a carrousel of images of products from various high-design brands: Balmuda, Hay, Smeg. (Guilty: I had definitely searched for the Japanese Balmuda’s steam-enabled toasters before.) Lower down on the results page were ads for online retailers such as Amazon and Wayfair, then another carrousel of “Popular Toasters” with user-review… Source link

Colin Kaepernick, it seems, is still ready for another shot in the NFL. The former San Francisco 49ers quarterback shared a video on social media of him working out on a field on Thursday. The post is the first of its kind in a while from Kaepernick, who has essentially been backballed by the league after he first started taking a knee during the national anthem in protest. Clearly, Kaepernick still hasn’t given up on a return to the league. Kaepernick, 34, hasn’t played in the NFL since… Source link

Phew! After months of playing with the emotions of their most loyal fans, MLB owners and players have finally ended the lockout by coming together on an agreement on Thursday for the 2022 season and beyond. We will soon see baseballs flying out of stadiums in Florida and Arizona, with Opening Day to be salvaged in early April. [Batter up: Join or create a Yahoo Fantasy Baseball league for free today] The lack of news during the past two months may have been frustrating, but the end result of a… Source link