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

U.S. stock futures pointed to a lower open Monday morning as investors looked ahead to the start of corporate earnings season this week and a bevy of new economic data as the Federal Reserve prepares to accelerate its moves to counter inflation. Contracts on the S&P 500 declined and added to last week’s losses. Nasdaq futures dropped as technology stocks came under renewed pressure. Treasury yields climbed, and the benchmark 10-year yield rose above 2.7% to reach the highest level since… Source link

(Bloomberg) — U.S. Treasury yields’ advance to a three-year high kicked off a global jump in borrowing costs as traders refocused on intensifying bets on rate hikes from major central banks. Most Read from Bloomberg Ten-year U.S. yields climbed through 2.75% for the first time since March 2019 as investors priced in the impact of the Federal Reserve’s tightening plan and accelerating inflation. Traders are betting on nine quarter-point Fed rate hikes by year-end, which — including last… Source link

Banks will kick off earnings season this week, with first-quarter results due out from a lineup of industry heavyweights led by JPMorgan Chase on Wednesday. The latest quarterly figures are expected to preface a lackluster year for bank profits despite the lift anticipated from higher interest rates. According to projections compiled by S&P Global Market Intelligence, U.S. bank earnings will fall by more than 8% in 2022 from last year, namely as the financial boost from releasing reserves… Source link

OAKLAND, Calif., April 11 (Reuters) – Alphabet Inc’s (GOOGL.O) Google on Monday sued an alleged puppy scammer who used its services to sell fake pets, the first of what the company said would be a growing number of lawsuits targeting apparent misuse by its users. Elder advocacy group AARP tipped Google to the scam last September following a complaint from a South Carolina resident who had sent $700 in digital gift cards to an online seller for a basset hound puppy that never came, according… Source link

Ukraine crisis: How Yandex suppresses information for Russian internet users — Report – FactCheckHub

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, April 11, 2022 Today’s newsletter is by Brian Sozzi an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. By sometime next year, the U.S. economy may be limping around like Tiger Woods this past weekend at the Masters (sorry Tiger, I had to go there — I was rooting for you to win though). And… Source link

It took Arkady Volozh 20 years to build Yandex into Russia’s Google, Uber, Spotify and Amazon combined, says Wired – and just 20 days for “everything to crumble”. The country’s preeminent tech giant has been so stricken by the Ukraine war that there are doubts about its survival – at least in its current form. Western sanctions have led to Yandex’s shares being frozen on US stock exchanges, which in turn has led shareholders to seek repayment on convertible note guarantees,… Source link

ERRThe ruling means Yandex NV is barred from providing ride hailing and intermediary services in Estonia, including making these indirectly available. Taxi drivers and taxi firms may not now use the Yandex tax app (Yandex Pro) to fulfill orders. Internet Service Providers are also forbidden from carrying Yandex Pro and Yandex Go, while app stores in Estonia – Google Play, Apple’s App Store etc. – are ordered to bar downloading the Yandex app via their store, and must not provide updates to… Source link

(Bloomberg) — China’s factory gate prices rose more than expected in March as oil prices climbed, while disruptions from Covid lockdowns drove up food costs, threatening the inflation outlook in the world’s second-largest economy. Most Read from Bloomberg The producer price index gained 8.3% from a year earlier, official data showed Monday, down from 8.8% in February and above the median estimate of an 8.1% increase in a Bloomberg survey of economists. Consumer-price growth accelerated to… Source link