(Bloomberg) — Oil slid by the most since August, falling from overbought territory amid concerns around global economic growth. Most Read from Bloomberg Futures in New York declined as much as 3.2% on Thursday after holding at the highest since 2014 this week. Technical indicators have signaled oil has been due for a pullback since earlier this month. Meanwhile, the resurgence of lockdowns in Eastern Europe and Russia due to rising coronavirus cases are threatening the global economic… Source link

As regulatory pressure on the Play Store for Android increases, Google is once again making changes to its business structure. It has announced that more categories of apps will be eligible to pay significantly less than the usual 30 percent fee. The company is announcing that all subscription-based apps will now pay a fee of 15 percent. It’s also says that “ebooks and on-demand music streaming services” will be “eligible” for a fee “as low as 10%.” Google’s stated reason… Source link

Google’s Work Profile tool for Android, which lets you hide your work apps and data with the flip of a switch and keeps your personal phone use safe from your company, will be coming to more users next year. According to a blog post from the company, currently, the feature is limited to phones that your organization manages, but Google says it’ll start to become available to people using Google Workspace in 2022. After that, it’ll branch out with the ultimate goal of letting anyone… Source link

Tesla’s first quarterly earnings call on Wednesday night without CEO Elon Musk (by his own design) was as boring as watching a Pinto head down a quarter mile track for time.  But Wall Street pros say that the lack of Musk’s presence didn’t really matter, the more important thing is that Tesla (TSLA) continues to squeeze out more profits from each vehicle it makes.  “Tesla reported particularly strong 3Q21 operating performance, delivering its highest auto gross margins since Model 3 was… Source link

Alphabet‘s Google is “still all in on health,” according to its chief health officer, despite the demise of its recent attempt at a formalized business unit for the health-care sector. The tech giant founded Google Health in 2018 and at one point grew it to 500 employees, but dissolved the unit in August. The department was established to head the tech company’s health strategy but Google faced backlash in recent years over the intersection of Google, AI and health data.  Google’s previous… Source link

Bitcoin (BTC-USD) smashed its previous all-time high of just under $65,000 on Wednesday — just a day after the launch of ProShares’ Bitcoin Strategy ETF (BITO) on Tuesday, Oct. 19. In light of these developments surrounding bitcoin, Grayscale CEO Michael Sonnenshein believes that investment in crypto shows no signs of stopping. “Well, the asset class is here to stay, and investors have a general appreciation of that. Investing in crypto is now something thematic, right?” Sonnenshein… Source link

The new Google Pixel 6 and Pixel 6 Pro showcase one of the biggest… Source link

Tensions between Roku and Google spilled over to customers in a new blog posted by the streaming service on Thursday. After months of failed negotiations for Roku to maintain the YouTube app, the company is accusing Google of anti-competitive demands. Responding to the deadlocked negotiations, Google said that it would end all distribution of YouTube on new Roku devices after December 9th. In its Thursday blog post, Roku accused Google of making anti-competitive demands in carriage… Source link

Portillo’s Inc. restaurant chain begins trading Thursday on Nasdaq (ticker: PTLO) Portillo’s is a Chicago institution known for hot dogs, Italian beef sandwiches and more Generates staggering avg. store volume of $8.7 million, easily topping Chipotle, Shake Shack Plans to expand to at least 600 stores from current count of 67 at 10% annual rate All locations are profitable and Portillo’s has never had to close a restaurant Demonstrated Ebitda growth in 2020 in the depths of Covid thanks to… Source link

Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square arrives on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images LONDON — Twitter announced that it’s acquired a chat app called Sphere, which was co-founded by British serial entrepreneur Nick D’Aloisio. Incorporated in 2016, Sphere started out as a real-time question and answer app… Source link