At the New York Auto Show this week, car fans, journalists, and industry watchers were treated to a feast for the eyes, with all the new car designs and plush interiors on display. Under the skin of these cars, however, is a different beast — and it’s not the engine. It’s all the data these cars generate. McKinsey estimates a car produces around 25 gigabytes of data per hour, which is an astounding amount. And this data is worth big money. “The car has really turned into a modern… Source link

San Francisco Fed President Mary Daly told Yahoo Finance Live in an exclusive interview on Thursday that she sees the case for interest rates to move ‘expeditiously’ higher in order to pump the brakes further on surging inflation. And with the Fed growing increasingly hawkish in its endeavor to lower prices, uncertainty remains as to when month-over-month inflation will turn around. Deutsche Bank (DB) Wealth Management CIO for the Americas Deepak Puri believes that prices are currently at… Source link

Google officially opened its new mixed-use campus on New York’s Hudson River that includes a two-acre rooftop and public gathering spaces. Photo courtesy of Google As Google employees return to campus life following over two years of remote work, the company has a splashy new office for workers in New York. Google has officially opened a new campus on a Hudson River pier, and it sits on New York’s largest rooftop. The 630,000-square-foot campus, which sits on Pier 57, includes three buildings… Source link

With 4/20 in the rearview mirror for the cannabis industry, some companies are still looking for reasons to celebrate as the fight to legalize marijuana continues. The Biden administration has been mostly silent on the topic of federal marijuana legalization, offering neither support nor opposition to the bill which passed the House of Representatives earlier this month. The Marijuana Opportunity, Reinvestment and Expungement (MORE) Act, if signed into law, would remove marijuana from the list… Source link

Digital creation platform Picsart has launched an integration with Google Drive via the Google Workspace Marketplace. The new integration enables users to edit Google Drive images in Picsart’s web editor and easily save them back to Drive. Picsart notes that creators can now use its editing tools to personalize their content without having to leave the Google Drive workspace. Picsart offers a range of digital creation and editing tools aimed at both consumers and… Source link

San Francisco Fed President Mary Daly said Thursday that she sees the case for quickly moving to raise interest rates this year as inflation remains high. “I like to think of it as expeditiously marching towards neutral. It’s clear the economy doesn’t need the accommodation we’re providing,” Daly told Yahoo Finance in an exclusive interview Thursday. The Fed hopes that raising borrowing costs will dampen the consumption and spending that has pushed prices higher. The central banker told Yahoo… Source link

What’s a problem advertisers and Angelenos have in common? Bad traffic. Yahoo, one of the largest publishers in the US, has been a recipient of such traffic. Researchers suggest that traffic from what the industry often considers invalid was flowing to Yahoo-owned sites. In some instances, people visiting adult and piracy sites were redirected, via something called pop-unders, to Yahoo-owned properties like TechCrunch and Yahoo’s entertainment, sports, and finance sites. Though it… Source link

Inflation has touched nearly every area of the economy, including the hospitality sector. According to celebrity chef Wolfgang Puck, restaurant suppliers have raised prices “tremendously,” forcing him to rethink how to avoid passing on the cost to his customers. “We just have to engineer the menu a little different so not everything is expensive,” the restaurateur said on Influencers with Andy Serwer. Puck has noticed inflation particularly in food items like beef, fish, and vegetables. The… Source link

With several threats to the future of its business, Facebook wants to start “a new chapter.”  Investors are unsure it will succeed in its grand metaverse ambitions and employees are confused. “Simply put, the market is questioning whether this company is now Yahoo! 3.0,” an analyst said. Facebook is at a perilous time in its history as Mark Zuckerberg bets his company on… Source link

Move over Tesla Model S (TSLA) and Mercedes-Benz EQS (MGB.DE), a new top of the line electric sedan is here. BMW (BMW.DE) took the wraps off its all-new top-of-the-line 7 Series, with three new models, including an electric version for the first time. Dubbed the i7 xDrive60, the all-wheel drive EV version features two electric motors with a combined output of 536 horsepower and 549 lb-ft of torque. The car can hit 0-60 mph in 4.5 seconds, BWM says, and will have an estimated range of 300… Source link