January again saw inflation levels not seen in decades, with surging CPI expected once more for February. Among the areas getting hit the hardest by inflation is childcare. According to survey data released by UrbanSitter, 2021 saw babysitting rates jump nationwide. “There was an 11% increase in babysitting rates over the past year, outpacing inflation at 7%,” UrbanSitter’s report reads. “Given that rates rose just 3.9% from 2019 to 2020, this is a big increase. If you’re looking for a… Source link

Warren Buffett.Kevin Lamarque/Reuters Warren Buffett’s Berkshire Hathaway invested $4.5 billion into Occidental Petroleum in five days. The investor pounced after reading a transcript of Occidental’s latest earnings call, he told CNBC. Berkshire snapped up 91.2 million shares, securing a stake worth more than $5 billion today. Warren Buffett’s Berkshire Hathaway plowed $4.5 billion into Occidental Petroleum in five days, securing 91.2 million shares worth upward of $5 billion today. The famed… Source link

Before the pandemic forced its employees to work from home, Google tested a simple intervention to reduce food waste in one of its cafes: The company started setting out bowls that were an inch less deep. “That unconsciously led to people taking a little less food—30 to 50% less—and that actually downstream led to 30-70% less waste,” says Emily Ma, head of Google’s “Food for Good” program. It’s a small example of multiple strategies that the tech giant is using to aim for a… Source link

LONDON, March 7 (Reuters Breakingviews) – Russia is turning in on itself. Sanctions have hammered Moscow-linked stocks and in New York shares in search engine Yandex (YNDX.O), , until two weeks ago the darling of the Russian technology scene, have been suspended. The trading hiatus may activate a bond repayment it can’t afford. Even if it cuts a deal with creditors, Yandex’s future looks Kremlin-controlled. The Securities and Exchange Commission suspended trading in shares of Yandex and… Source link

When President Joe Biden wanted to talk about building electric vehicle chargers as part of his “Made in America” initiative last week, he turned to the U.S. wing of a German technology conglomerate. It was Siemens USA CEO Barbara Humpton who was on stage with the president on Friday to announce $54 million in new investments, including a new plant that promises to be a centerpiece of the company’s efforts to produce over a million EV chargers in the U.S. over the next four years. The… Source link

MOSCOW, RUSSIA and AMSTERDAM, NETHERLANDS / ACCESSWIRE / March 7, 2022 / Yandex (NASDAQ:YNDX) and (MOEX:YNDX), a Netherlands-registered company and one of Europe’s largest internet businesses as well as the leading search and ride-hailing provider in Russia, today announced that Esther Dyson and Ilya Strebulaev have resigned from the Company’s Board of Directors, effective immediately. Ms. Dyson has served as an independent non-executive director since 2006 and Professor Strebulaev has… Source link

MOSCOW, RUSSIA and AMSTERDAM, NETHERLANDS / ACCESSWIRE / March 7, 2022 / Yandex (NASDAQ:YNDX) and (MOEX:YNDX), a Netherlands-registered company and one of Europe’s largest internet businesses as well as the leading search and ride-hailing provider in Russia, today announced that Esther Dyson and Ilya Strebulaev have resigned from the Company’s Board of Directors, effective immediately. Ms. Dyson has served as an independent non-executive director since 2006 and Professor… Source link

By Colin Kellaher Shares of Limelight Networks Inc. rose more than 10% on Monday after the provider of content delivery network services said it struck a deal to combine with Yahoo’s Edgecast Inc. edge-security, content-delivery and video-services unit. The deal, which values Edgecast at about $300 million, would give Yahoo a nearly 32% stake in the combined company, which would operate as Edgio. The purchase price includes a $30 million investment in the combined… Source link

Cloud-computing services are so ubiquitous that it’s hard to fathom modern life without them. Take a photo on your phone and it is zapped to a cloud service for storage. Order shoes online, book a hotel room or stream a TV show, and the transaction likely takes place in the cloud. Moreover, thousands of companies and government agencies use cloud computing to run their core internal software and databases. Source link

WASHINGTON, March 7 (Reuters) – The U.S. Supreme Court on Monday declined to hear Alphabet Inc’s (GOOGL.O) attempt to nix a lawsuit by shareholders accusing the Google parent company of fraudulently concealing a security glitch that left private user data exposed. The justices left in place a lower court’s ruling that revived the lawsuit brought over the 2018 incident that the company was slow to disclose, turning away Alphabet’s appeal. The lawsuit, led by the state of Rhode Island, was filed… Source link