Lately, the prospect of an economic slowdown has struck fear into traders and economists alike. This month, The World Bank slashed its projection for global economic growth. The Dow (^DJI) fell 810 points, or 2.4%, on Tuesday in part over concerns of a downturn. And Deutsche Bank raised the possibility of a “major recession” as result of Federal Reserve rate hikes and asset tapering in a recent note. In a new interview, Wall Street veteran and investing guru Sallie Krawcheck took those fears… Source link

On Thursday, President Joe Biden announced a proposal to get even more aggressive with the billions seized from Russian oligarchs who have close ties to Vladimir Putin. The White House released the outlines of what it calls a new comprehensive legislative package around Ukraine that includes provisions to “streamline the process for seizure of oligarch assets, expand the assets subject to seizure, and enable the proceeds to flow to Ukraine,” the White House said. The move on oligarchs and… Source link

Ex-Google CEO and chairman Eric Schmidt says he’s invested “a little bit” of money into cryptocurrencies — but for him, the most interesting part of blockchain isn’t virtual currency. It’s Web3. “A new model [of the internet] where you as an individual [can] control your identity, and where you don’t have a centralized manager, is very powerful. It’s very seductive and it’s very decentralized,” Schmidt, 67, tells CNBC Make It. “I remember that feeling when I was 25 that decentralized would… Source link

Google is expanding its sensitive ad categories options, letting users limit how many ads they see about dating, pregnancy, parenting, and weight loss, and making those settings apply to more places. The feature was introduced as a way to let people see fewer ads on YouTube about potentially addictive gambling or alcoholic products, but now it seems that Google is expanding it to cover other potentially uncomfortable or traumatic subjects. Your settings will now apply to all of Google’s… Source link

Moderna (MRNA) filed a request for emergency use authorization (EAU) for its COVID-19 vaccine for use in kids between 6 months and under 6 years Thursday. The request is for the approval of two doses of 25 micrograms of the mRNA vaccine. Moderna’s clinical data showed the vaccine was 51% effective for the older cohort of the age group, from 2 years to under six years, and 37% effective for the younger group. The company said this is about the same as adult vaccine efficacy of two doses against… 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, April 28, 2022 SPACs are getting spanked this year, as risk-off sentiment spares virtually no asset class. All told, sponsors have abandoned plans for at least 56 new SPACs in 2022 (seven last week alone). Meanwhile, regulators are gearing up to tighten rules for these IPO alternatives beleaguered by poor performance and outright fraud… Source link

Google has abandoned interview riddles but is asking frustrating ‘gotcha’ questions during hiring, employee says on Blind | Fortune … Source link

In further fallout from Russia’s invasion of Ukraine, Yandex, the company that’s sometimes referred to as the ‘Google of Russia,’ has signed a term sheet to sell its media division to VKontakte (VK), aka the local Facebook equivalent. Yandex confirmed it has signed a term sheet to divest its news aggregator (News) and blogging/infotainment platform (Zen) with VK today. But it declined to provide further detail on the transaction that’s been agreed with VK, including financial… Source link

In further fallout from Russia’s invasion of Ukraine, Yandex, the company that’s sometimes referred to as the ‘Google of Russia,’ has signed a term sheet to sell its media division to VKontakte (VK), aka the local Facebook equivalent. Yandex confirmed it has signed a term sheet to divest its news aggregator (News) and blogging/infotainment platform (Zen) with VK today. But it declined to provide further detail on the transaction that’s been agreed with VK, including financial… Source link

Stephen Curry and the Warriors are moving on. (AAron Ontiveroz/MediaNews Group/The Denver Post via Getty Images) Stephen Curry and the Golden State Warriors hadn’t been in this position in, well, years. And it showed. Despite trailing entering the fourth quarter, the Warriors rallied in the final period to knock off Nikola Jokic and the Denver Nuggets, 102-98, in Game 5 of their opening round playoff series. That win officially closed out their series 4-1 and pushed Golden State to the next… Source link