(Bloomberg) — Most Read from Bloomberg The German government will step up efforts to bolster gas storage levels after Russia reduced flows in a move Economy Minister Robert Habeck said was intended to unsettle energy markets. The government will make available additional credit lines by state-owned lender KfW to guarantee gas injections at storage sites. It also plans incentives for the industry to reduce consumption and is preparing to fire up more coal plants to keep the use of gas at a… Source link

Sergey Brin, the Google co-founder and world’s sixth-richest person, filed for a divorce from his wife of three years, making him the third mega-billionaire to do so in as many years. Brin filed a petition for dissolution of his marriage to Nicole Shanahan this month, citing “irreconcilable differences,” according to court documents. The couple, who have a… Source link

The Federal Reserve’s latest rate hike is expected to keep markets on edge in the holiday-shortened week ahead. Wall Street will be closed on Monday, with markets observing Juneteenth for the first time. Last week, the S&P 500 logged its worst weekly performance since March 2020, losing 5.8% after falling into a bear market on Monday. This decline also marked the benchmark index’s 10th loss in the last 11 weeks. The U.S. central bank on Wednesday raised its benchmark interest rate by 75… Source link

Eddie Wineland made his retirement official after his knockout loss to Cody Stamann at UFC on ESPN 37. Wineland (24-16-1 MMA, 6-10 UFC) suffered a third consecutive first-round stoppage defeat and dropped his fifth fight in his past six outings Saturday when Stamann (20-5-1 MMA, 6-4-1 UFC) blitzed him for a quick finish in their bantamweight matchup at Moody Center in Austin, Texas. The former WEC champion and onetime interim UFC title challenger took his gloves off inside the octagon after… Source link

Todd and Julie Chrisley are speaking out for the first time after being found guilty of bank fraud and tax evasion earlier this month by a federal jury in Atlanta. As Yahoo Entertainment previously reported, the reality stars each face up to 30 years in prison. Though the couple told listeners of their Chrisley Confessions podcast that are unable to discuss their legal troubles, their June 17 episode did acknowledge that there’s a “lot of things going on in our lives.” “It has been a… Source link

Google is known for its close-knit — and sometimes secretive — company culture, but one wouldn’t suspect an actual cult running things behind the scenes. Well, one Google contractor claims that’s exactly the case, as detailed in this unusual report from The New York Times. Kevin Lloyd, a contractor hired to work as a video producer for Google Developer Studio (GDS), alleges at least 12 members of an obscure religious sect work for GDS and hold an inappropriate level of influence… Source link

This post was originally published on TKer.com. It’s a bear market. On Monday, the S&P 500 tumbled 3.9% to close at 3,749.63. That put the index down 21.8% from its January 3 all-time closing high of 4,796.56. This was the first time the S&P closed down by at least 20% from its high, confirming that we’ve been in an official bear market. By the end of the week, the S&P had fallen to 3,674.84, down 23.4% from its high. Historically, bear markets have come with more pain. According to Howard… Source link

A group of Democratic lawmakers sent a letter to Google CEO Sundar Pichai on Friday urging Google to take steps to fix the search engine’s display of inaccurate results to users searching for abortion services. Why it matters: The 20 Democratic lawmakers, alongside Independent Bernie Sanders, wrote that Google’s provision of inaccurate results was “especially concerning” given the Supreme Court’s looming decision on abortion rights, which could see the court overturn Roe v. Wade. The big… Source link

According to tech company EarthWeb, Google processes about 8.5 billion searches per day. With Statista’s estimate of 1.88 billion total websites on the internet as of August 2021, the scope of Google is still far from reaching the massive number after which it was named — but it grows larger by the day. Originally conceptualized as a search engine, the company has grown immensely since its founding. Google also owns YouTube, and its purchase of Android allowed the company to establish… Source link

(Bloomberg) — Most Read from Bloomberg Saudi Arabian shares closed at the lowest level in about six months, leading declines in Middle East markets, following the global sell-off last week and oil’s plunge on Friday. The Tadawul All Share Index dropped 4.4% at close, with the index posting its longest losing streak since 2020. Aramco fell 4% to the lowest since March 15. Still, the state-controlled oil firm is the world’s biggest listed entity with a market value of $2.17 trillion compared… Source link