Apple and Google said Wednesday they will roll out software updates to enable 5G support on their respective handsets in India, the world’s second-largest wireless market, just days after local bureaucrats began pushing the phonemakers to expedite their efforts. Reliance Jio and Airtel, India’s two largest carriers, have started to offer 5G services in select Indian cities in recent weeks, but many popular handsets in the nation currently don’t support the local airwaves. These… Source link

For most of Game 1 on Tuesday, the Seattle Mariners looked poised for an upset in their ALDS matchup with the top-seeded Houston Astros. Yordan Alvarez had other ideas. With his Astros facing a 7-5 deficit in the bottom of the ninth inning, the Houston slugger launched an 0-1 pitch from Robbie Ray into the right-field stands for a 3-run walk-off home run to secure an 8-7 win. The upper-deck blast concluded a rally from 4-0 and 7-3 Houston deficits to secure a 1-0 series lead for the… Source link

Worrywarts have been blabbing about a recession since the spring, when U.S. GDP growth turned slightly negative and Russia’s invasion of Ukraine sent oil prices soaring. Now it looks like the naysayers might get their way. Economic forecasters are cutting their outlook for U.S. and global economic growth, with more of them predicting a recession. S&P Global Market Intelligence recently cut its forecast for the U.S. economy in 2023 from 0.9% GDP growth to a 0.5% decline. “The base… Source link

Google has unified all its business intelligence tools under the Looker brand, it announced at Cloud Next 2022, its virtual user’s conference. Looker will now be the face of all existing Google Cloud data analytics programs. These programs will be included in the Looker Suite and bear the Looker name. For example, Data Studio is now Looker Studio. “Looker is the name you’ll hear us use when talking about all of our Google Cloud business intelligence products, as we bring together… Source link

(Bloomberg) — US stocks turned sharply lower in late trading after comments by the Bank of England chief on removing market support rattled investor sentiment. Benchmark Treasury yields rose and the dollar gained. Most Read from Bloomberg The S&P 500 slid amid renewed selling in tech shares that sent the Nasdaq 100 down more than 1%. Long-end Treasuries bore the brunt of losses and the pound tumbled after BOE Governor Andrew Bailey urged investors to finish winding up positions that they… Source link

Not everyone on Wall Street is on board for the bullish ride Netflix (NFLX) stock has been on in recent months. Shares of the streaming beast are up 18% in the past three months, blowing away the Nasdaq Composite’s 9% drop amid optimism surrounding Netflix’s upcoming ad-tier service. Analyst Doug Anmuth estimated in a new note this week that Netflix could drive 7.5 million subscribers to its ad-supported tier in its US and Canada segment in 2023, which could drive $600 million in advertising… Source link

When Google launched its flagship Pixel 6 and 6 Pro smartphones last year, the company touted its Tensor “system on a chip” and dedicated Titan M2 security chip as being designed to underpin a new generation of security and privacy features. Now, as it releases Pixel 7 and 7 Pro, the company said on Tuesday that it is building on that foundation with the new Tensor G2 processor, expanded independent security certifications for Titan M2, and software features like an upcoming built-in… Source link

U.S. stocks fell on Tuesday to cap a back-and-forth session as investors gear up for a big inflation report Wednesday and the start of third-quarter earnings season. The S&P 500 (^GSPC) fell 0.6% after failing to retain a gains from an intraday rebound, and the Nasdaq Composite (^IXIC) tumbled 1.1% to a fresh two-year low. The Dow Jones Industrial Average was an outlier — ending 0.1% in the green. Meanwhile, the benchmark 10-year Treasury note came close again to the key 4% level. Investors… Source link

Former NFL quarterback Brett Favre, currently embroiled in a $77 million Mississippi state welfare fund scandal, released his first statement on the scandal itself on Tuesday claiming that he is innocent of any crimes. “No one ever told me, and I did not know, that funds designated for welfare recipients were going to the University or me. I tried to help my alma mater USM, a public Mississippi state university, raise funds for a wellness center. My goal was and always will be to improve the… Source link

The rout in various asset markets at the hands of the Federal Reserve may not be over, warned former Wall Streeter and current Galaxy Digital CEO Mike Novogratz. “The bear case is we’ve got two-to-six months left of this pain,” Novogratz said on Yahoo Finance Live (video above). “The bull case is the market starts breaking. We’re seeing a lot of breakage, not necessarily in crypto but in the rest of the world.” Novogratz, who began his career at Goldman Sachs in 1989, didn’t rule out seeing… Source link