(Bloomberg) — The Federal Reserve delivered the biggest interest-rate increase since 2000 and signaled it would keep hiking at that pace over the next couple of meetings, unleashing the most aggressive policy action in decades to combat soaring inflation. Most Read from Bloomberg The U.S. central bank’s policy-setting Federal Open Market Committee on Wednesday voted unanimously to increase the benchmark rate by a half percentage point. It will begin allowing its holdings of Treasuries and… Source link

The Federal Reserve on Wednesday raised short-term interest rates by 0.50%, as part of an effort to tamp down the inflationary pressures weighing on Americans. The central bank suggested that it will further raise borrowing costs throughout this year as it attempts to undo its pandemic-era, easy money policies. The policy-setting Federal Open Market Committee also detailed plans on unwinding its nearly $9 trillion balance sheet. The decision to raise rates by 0.50% marked the most aggressive… Source link

Occasionally, NFL draft twitter can be wonderful. Tuesday was one of those days. Using a fuzzy, grainy and mostly illegible picture posted to Twitter by WFAA sports anchor Mike Leslie, a swath of fans, reporters and Dallas Cowboys-related websites spent hours Tuesday afternoon decoding the team’s draft board on social media. The end result was a remarkably entertaining thread that, by all accounts, appears to have decoded a large part of the top end of the Dallas draft board (which you can… Source link

Google and SAP have partnered around a number of different projects over the years and Google Cloud, just like its competitors, is a strategic cloud partner for RISE with SAP, the German enterprise software company’s program to help its customers move to the cloud. Today, the two companies announced a rather substantial expansion of their partnership that introduces a deep integration between SAP S/4HANA Cloud, SAP’s flagship enterprise resource planning (ERP) system and Google… Source link

The logo for Google LLC is seen at their office in Manhattan, New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register AMSTERDAM, May 4 (Reuters) – The Netherlands Authority for Consumers and Markets (ACM) announced on Wednesday a preliminary investigation into Alphabet Inc’s (GOOGL.O) Google for possible anti-competitive practices in its Play store. Dating-app provider The Matchgroup asked the regulator to assess… Source link

May 5 means a lot to Topeka K. Sam. On that day in 2015, she was released from prison, and on May 5, 2022, she’ll be honored with Google’s inaugural Social Impact Award, for her efforts toward ending the poverty and incarceration of women and girls worldwide, at Variety’s 2022 Power of Women: New York event. “This is like a full circle moment for me, to be honored on 5-5,” Sam says. “It’s my seventh year home and seven is God’s perfect number. It just feels like I have… Source link

Bam Adebayo looks to build off a double-double performance in Game 1 against the Philadelphia 76ers.  It’s been an unbelievable start to the conference semis, and watching Ja Morant erupt on Tuesday was quite the treat. The two home teams in tonight’s semifinal matchups took care of business in Game 1 which means these road teams need to step up to avoid going down 0-2. Injury Report Core Plays Tobias Harris (PF – PHI): $7,700 DraftKings, $7,800 FanDuel, $23 Yahoo Toby needs to take… Source link

Lyft (LYFT) stock is getting smoked in early trading Wednesday following an earnings report that beat estimates, but revealed that the company is pumping cash into adding more drivers to its platform. Shares of the ride-sharing service were off as much as 33% Wednesday morning. In the quarter, Lyft reported revenue of $875.6 million, beating Wall Street estimates of $844.5 million and losses per share of $0.57 versus expectations of $0.58. That’s not a bad quarter, especially considering the… Source link

MIAMI — The Philadelphia 76ers were in self-destruction mode in the second half of Game 1 against the Miami Heat on Monday. Sixers head coach Doc Rivers called a timeout. He was livid. He pulled out his clipboard and drew five small circles, indicating his players’ location on the court. Then he showed his team the clipboard and said, “This is where you’re standing. You’re all in the wrong spots. I have no idea what offense we’re running. This isn’t the 76ers’ offense.” A team… Source link

Disney (DIS) versus DeSantis. As the media conglomerate continues to grapple with the aftermath of Florida Governor Ron DeSantis revoking the company’s special tax district, business leaders around the globe are contemplating their own company values as political issues take center stage. “I don’t think [Disney CEO Bob Chapek] did his homework,” Bill George, a Harvard Business School professor and former chairman and CEO of medical device company, Medtronic, told Yahoo Finance. “We’re in a… Source link