Oil prices have come down below $100/barrel after staying above that level for much of last month. The Ukraine-Russia war worsened the upward trend costs for energy across the globe. Yahoo Finance asked several experts what sustained prices above $100/barrel means for a risk of a recession in the U.S. and in other parts of the world. Most agree oil would have to stay closer to $130 in order to create enough demand destruction to spur a recession in this country. But some parts of the world… Source link

(Bloomberg) — European Union nations urgently called for more weapons to be shipped to Ukraine as soon as possible, and Poland’s prime minister predicted Europe would soon see its biggest tank battle since World War II. The mayor of Mariupol said that more than 10,000 civilians have died in the city in Ukraine since the invasion. Most Read from Bloomberg Austrian Chancellor Karl Nehammer became the first European Union leader to visit President Vladimir Putin in Moscow since the start of… Source link

Add another prominent voice in the field of economics warning about a looming recession. “I would say that it’s probably closer to a coin toss that the economy will be moving into recession by the end of the year,” said Dreyfus and Mellon Chief economist and macro strategist Vince Reinhart on Yahoo Finance Live. Reinhart’s comments come amid multiple negative forces playing out in the economy. The Consumer Price Index (CPI) rose by 7.9% in February, marking the fastest pace of annual inflation… Source link

Google Fi, Google’s cell network provider, has dropped the pricing for its mobile plans by $5 to $10 per month, depending on the customer’s plan. The company decreased the price for its Simply Unlimited plan from $60 to $50 per line for one line, $45 to $40 a line for two lines, $30 to $25 a line for three lines, and from $30 to $20 per month for four lines. These plans also come with 35 GB of high-speed data, an increase from 22 GB, and include 5 GB of hotspot… Source link

E-commerce platform Etsy (ETSY) is bracing for impact as more than 12,000 sellers go on “strike.” Sellers are placing their shops on “vacation mode” for up to an entire week to protest new company policies that go into effect today, including an increase in transaction fees from 5% to 6.5%. Etsy strike organizer Kristi Cassidy told Yahoo Finance Live that sellers are “fed up” and hope to gain Etsy’s attention from the movement, which started on Reddit. Demands include cancelling the fee… Source link

A sign is pictured outside a Google office near the company’s headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS/Paresh Dave/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register April 11 (Reuters) – Russia on Monday demanded Google (GOOGL.O) take immediate steps to remove “threats” against Russians after it said Google Translate had offered some users the option to translate the phrase “dead Russians” instead of “dear Russians”. Russia’s… Source link

On Monday, Google sued a scammer for allegedly running an online “puppy fraud scheme,” defrauding vulnerable people, including the elderly, out of thousands of dollars with false promises of purebred puppies. The complaint, filed Monday, accuses Nche Noel of Cameroon of using a network of fake websites, Google Voice phone numbers, and Gmail accounts to pretend to sell purebred basset hound puppies to people online. In one instance, a victim paid Noel $700 in “electronic gift… Source link

Newly-formed streaming giant Warner Bros. Discovery (WBD) officially began trading on the Nasdaq (^IXIC) on Monday, opening at $24.08 a share in its first day as a publicly-traded entity. Ahead of the company’s Wall Street debut, Evercore ISI Group upgraded the stock from In-line to Outperform, announcing a $40 price target. The $43 billion merger, which closed on Friday, solidifies Discovery CEO David Zaslav’s position as the company’s new chief. WarnerMedia CEO Jason Kilar departed upon the… Source link

Alphabet Inc.’s Google is working to automate as many finance tasks as possible as it looks to reduce the amount of manual work that its employees have to do. The Mountain View, Calif.-based software giant is using a combination of tools, including artificial intelligence, automation, the cloud, a data lake and machine learning to run its finance operations and offers programming and other training to its employees. CFO Journal talked to … Source link

Alphabet Inc.’s Google is working to automate as many finance tasks as possible as it looks to reduce the amount of manual work that its employees have to do. The Mountain View, Calif.-based software giant is using a combination of tools, including artificial intelligence, automation, the cloud, a data lake and machine learning to run its finance operations and offers programming and other training to its employees. CFO Journal talked to … Source link