Tesla (TSLA) “is a solution” to the economy’s turmoil, says Ark Invest CEO Cathie Wood. “We think with supply chain issues, and with [the] food and energy crisis … that once again, innovation is going to help solve these problems,” said Wood during an exclusive interview with Yahoo Finance Live. “There’s been an accelerated consumer preference towards electric vehicles, like Tesla, because of oil prices. And we think there’s no stopping that trend now,” she said. The investment firm’s ARK… Source link

Google is officially rebranding the Webmaster Guidelines as “Search Essentials,” which comes with a simplified refresh consisting of only three sections. In addition to making the former Google Webmaster Guidelines easier to understand, Google’s motivation behind the refresh is to move away from the term “webmaster.” Google has gradually removed “webmaster” from its branding over the past few years. For example, “Google Webmaster Central” was rebranded as “Google Search… Source link

(Bloomberg) — A shock turnaround in equities sent Wall Street searching for something — anything — to explain how yet another red-hot inflation number translated into the best day for bulls in a week. Among the answers: increasingly sturdy positioning including well-provisioned hedges, a watershed moment for chart watchers, and several less-than-terrible earnings reports. Throw in some short covering, and the result was a trough-to-peak run-up in S&P 500 futures that approached 5% at its… Source link

Everybody’s unhappy with the latest inflation report, which shows that the annual change in price increases dropped by just one-tenth of a percentage point, from 8.3% in August to 8.2% in September. The Federal Reserve has been jacking up interest rates to force prices down, and inflation is turning out to be a stubborn foe. Investors keep hoping for a break in the data, showing the Fed’s medicine is starting to work. It keeps not happening. While overall inflation remains high, some… Source link

Today, Yahoo and Lowe’s announce off-site media experiences for brands through Lowe’s One Roof Media Network. They are supported by Yahoo’s demand-side platform (DSP) and the Yahoo ConnectID identity solution. This marks the next step for Lowe’s network, which launched a year ago. Dig Deeper: Why we care about retail media networks Off-site media. To power Lowe’s network, as well as media networks for other brands and retailers, Yahoo has created Yahoo… Source link

BRUSSELS, Oct 13 (Reuters) – Alphabet (GOOGL.O) unit Google could face EU antitrust charges next year over its digital advertising business, putting the company at risk of its fourth fine in the EU of more than a billion euros, people familiar with the matter said on Thursday. Google’s ad business, which generated over $100 billion in sales last year, is Alphabet’s biggest moneymaker. It accounted for about 80% of annual revenue, despite efforts over the past decade to push into selling… Source link

Addressing Bitcoin’s energy-intensive proof-of-work model would encourage greater institutional adoption, according to one chief executive who has focused on sustainability for more than eight years. Bradford Van Voorhees, CEO and co-founder of Sustainable Bitcoin Protocol, told CoinDesk that negative media, misperceptions of Bitcoin’s environmental impact and its sizable energy consumption all currently hinder institutional adoption. Bradford Van Voorhees is presenting at Investing in… Source link

Long-time Tesla bull and Elon Musk supporter Cathie Wood thinks the billionaire’s ownership of the social media platform is exactly what it needs. “I am kind of excited to see what Elon will do,” the noted tech investor told Yahoo Finance Live in an exclusive and wide-ranging interview on Thursday (full video above). “I actually think he will work closely with [Twitter Founder] Jack Dorsey and maybe open up the ecosystem, take away the censorship, make it much more transparent, and I think… Source link

While Meta is trying to convince consumers to strap on its VR headsets to enter the metaverse, Google continues to experiment with a different sort of false reality: its holographic video chat project known as Project Starline. Announced last year, Project Starline is a video-calling booth that uses 3D imagery, high-resolution cameras, custom depth sensor sensors, and a breakthrough light field display to create a lifelike experience for callers on both sides of the screen — and all… Source link

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg A closely watched measure of US consumer prices rose by more than forecast to a 40-year high in September, pressuring the Federal Reserve to raise interest rates even more aggressively to stamp out persistent inflation. The core consumer price index, which excludes food and energy, increased 6.6% from a year ago, the highest level since 1982, Labor Department… Source link