(Bloomberg) — China’s semiconductor industry is showing signs of flourishing even in the face of Biden administration efforts to counter its growth, raising alarm bells in Washington. Most Read from Bloomberg Chinese orders for chip-manufacturing equipment from overseas suppliers rose 58% in 2021, making it the biggest market for those products for a second year running, according to data provided by industry body Semi. While those figures appeared in April, the flood of machinery headed to… Source link

Google’s 3.2 billion Chrome users now have a reason to switch to Firefox, because the … [+] privacy-focused browser has just confirmed some big news. NurPhoto via Getty Images Google’s 3 billion Chrome users now have a reason to switch to Firefox, because the privacy-focused browser has just confirmed some big news. The announcement concerns ad blockers, and the Google Chrome changes dubbed Manifest V3, which may cause some ad blockers to break. It’s been… Source link

NEW YORK–(BUSINESS WIRE)–Yahoo today announced its board of directors with six new appointments. With expansive experience and extensive knowledge from multiple industries including consumer goods, digital media, financial services, sports entertainment, information technology, and private equity, Yahoo puts forth a comprehensive group of leaders to support its new era of growth and transformation. Joining CEO Jim Lanzone and the representatives from Apollo and Verizon, the new… Source link

U.S. stock futures traded sharply lower Monday morning, with traders betting a fresh decades-high print on inflation will force the Federal Reserve to get even more aggressive than previously anticipated to help ease rising prices. Contracts on the S&P 500 and Nasdaq 100 slid more than 2% and touched the lowest levels since November 2020 during the overnight session. Dow futures sank by more than 500 points, or about 1.7%. Treasury yields rose across the curve, and the benchmark 10-year yield… Source link

(Bloomberg) — Celsius Network Ltd. paused withdrawals, swaps and transfers after weeks of speculation over the sustainability of the outsized returns being offered by the DeFi lending platform, fueling a broad cryptocurrency selloff. Most Read from Bloomberg Crypto markets tumbled after the Celsius announcement, with Bitcoin dropping as much as 14% to the lowest level since December 2020 and other major tokens like Ether also falling sharply. Celsius’s CEL token was down about 50% to 19… Source link

By Yoruk Bahceli and Sujata Rao (Reuters) -U.S. two-year Treasury yields rose above 10-year borrowing costs on Monday – the so-called curve inversion that often heralds economic recession – on expectations interest rates may rise faster and further than anticipated. Fears the U.S. Federal Reserve could opt for an even larger rate hike than anticipated this week to contain inflation sent two-year yields to their highest levels since 2007. But a view is also playing out that aggressive rate hikes… Source link

0:37 Intro. [Recording date: March 9, 2022.] Russ Roberts: Today is March 9th, 2022, and my guest is Sridhar Ramaswamy, former head of advertising at Google, and founder and CEO of Neeva. Sridhar, welcome to EconTalk. Sridhar Ramaswamy: Delighted to be here. Thank you for having me. 0:52 Russ Roberts: Neeva, N-E-E-V-A, is a new search engine, and we’re going to talk about that later, that you’ve started. But, I want to begin and talk about Google. So, let’s start with some simple questions. How… Source link

Google has placed one of its engineers on paid administrative leave for allegedly breaking its confidentiality policies after he grew concerned that an AI chatbot system had achieved sentience, the Washington Post reports. The engineer, Blake Lemoine, works for Google’s Responsible AI organization, and was testing whether its LaMDA model generates discriminatory language or hate speech. The engineer’s concerns reportedly grew out of convincing responses he saw the AI system… 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 Monday, June 13, 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. Many times in my career in financial markets, I’ve been able to spot trainwrecks before they happen. The trade-off for devoting every waking second to studying markets, the human beings… Source link

A housing bubble requires both a rush of speculators entering into the market and “overvalued” home prices. Oh, and the bust at the end, of course. Unlike the housing bubble that popped in 2008, the pandemic housing boom isn’t underpinned by a frenzy of speculation, Moody’s Analytics chief economist Mark Zandi says. While home flipping has certainly ticked up during the pandemic, he says, we aren’t seeing the exuberance of the last bubble. So is the coast clear? Well, not so fast. While… Source link