(Bloomberg) — Shopify Inc. plunged by the most since March 2020 after a report that the Canadian e-commerce company terminated contracts with several warehouse and fulfillment partners. Most Read from Bloomberg Its U.S.-traded shares closed down 14% on Friday to the lowest level since September 2020 on high trading volume after the business publication Insider said Shopify was expected to have about half of its previous capacity for e-commerce orders for merchants, once changes are… Source link

The physicist Richard Feynman once told a story about his father taking him out in the woods to observe nature. Feynman saw a bird and asked what it was called. His father said the name was irrelevant—it was only important to see how a bird behaved if you wanted to learn about it. I have a hard time remembering names, which is one of the reasons I became a physicist and not a physician, as my mother wanted. Maybe this is why I have a hard time understanding… Source link

Google Cloud is pulling the plug on its G Suite legacy free edition that dates to 2006 after preventing new users from signing up for it in December 2012. The free offering no longer will be available starting July 1, and current users must upgrade to a paid subscription for the newer Google Workspace by May 1 to maintain their accounts and services, according to the cloud provider. Formerly Google Apps, G Suite was rebranded as Google Workspace with an expanded set of cloud-based… Source link

(Bloomberg Law) — MicroStrategy Inc. can’t strip out Bitcoin’s wild swings from the unofficial accounting measures it touts to investors, the SEC said. Most Read from Bloomberg Bad news for the MicroStrategy was compounded as the company’s shares fell as much as 20% Friday, the biggest intraday collapse since Feb. 23. Its stock closed at $375.89, down nearly 18%. Bitcoin also tumbled, and was down more than 7% around 4:15 p.m. in New York. The enterprise software maker, which said in… Source link

By Matthew Perlman (January 21, 2022, 5:08 PM EST) — Amid debate among U.S. lawmakers over legislation that would bar large technology platforms from favoring their own products and services, Russia’s antitrust watchdog has entered a settlement with internet giant Yandex requiring the company to end similar practices. The Federal Antimonopoly Service said in a statement issued on Wednesday in Russian that Yandex has agreed to a settlement ending the agency’s case against it, alleging… Source link

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Netflix plunges, weighs on Disney, media stocks * S&P 500, Nasdaq have biggest weekly drops since March 2020 * Focus turning to Fed meeting for clarity on policy * Indexes down: Dow 1.3%, S&P 1.89%, Nasdaq 2.72% (Updates with further market data) By Lewis Krauskopf, Shreyashi Sanyal and Bansari Mayur Kamdar Jan 21 (Reuters) – Wall Street’s main indexes ended sharply lower on Friday as… Source link

Bitcoin (BTC-USD) plunged by over 10% to below $40,000 on Friday, with the rest of the cryptocurrency market following suit as risk aversion created a downdraft for markets, ahead of the Federal Reserve’s widely telegraphed plans to raise interest rates. With Russia’s move to ban crypto assets lighting the fuse of the latest plunge, Bitcoin’s price moves have become closely linked to technology shares, which have slumped on rate hike fears. On Friday, the Nasdaq tumbled deeper into… Source link

Each week during the 2021-22 NBA season, we will take a deeper dive into some of the league’s biggest storylines in an attempt to determine whether the trends are based more in fact or fiction moving forward. [ Last week’s Fact or Fiction: Klay Thompson is the coolest basketball player alive ] No need to panic about Zion Williamson just yet The New Orleans Pelicans and Memphis Grizzlies finished the 2018-19 NBA season with identical 33-49 records. Both hit on 12.3% lottery odds of landing a… Source link

What to expect from Lance Lynn in 2022 originally appeared on NBC Sports Chicago Lance Lynn and the White Sox showed exactly how they felt about one another in July, when Lynn inked a two-year, $38 million contract extension. Lynn was just months into his first season with the White Sox, but the right-hander told reporters, “There’s no point in me going into free agency if you know where you want to be.” Meanwhile, the White Sox had two starting pitchers named All-Stars in 2021, Lynn and… Source link

Edelman’s Trust Barometer for 2022 revealed that the global level of trust in government and media is dropping. An annual online survey conducted in 28 countries and reaching over 36,000 respondents found that distrust in political institutions fell in 2021 across the world. Among the key findings of the report was the overall lower trust in world leaders and institutions around the world, with 67% of respondents saying they worry that journalists and reporters were “purposely trying to… Source link