This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, July 7, 2021 Pricing pressures stopped getting worse for the service sector last month If we wind back the clock to mid-May, the only idea it seemed investors wanted to discuss was inflation.  The argument from many economists and Federal Reserve officials — then and now — was that pricing pressures would prove “transitory,” or that… Source link

(Bloomberg) — China’s technology giants have seen a combined $823 billion wiped from their market value since a February peak, with Beijing’s expanding crackdown on the sector fueling investor concern that the selloff is far from over. Authorities on Tuesday issued a sweeping warning to the nation’s biggest companies, vowing to tighten oversight of data security and overseas listings just days after Didi Global Inc.’s contentious decision to go public in the U.S. That has put further… Source link

MOSCOW (Reuters) – Russian tech giant Yandex will launch an electric scooters rental service in Moscow on Wednesday, the company said, tapping into surging demand across the city. Electric scooters are a common sight in Moscow during summer, whizzing around the city’s parks and pavements, but authorities have been forced to impose speed limits following a string of accidents. The service will be launched on the Yandex.Go app, the company’s one-stop-shop for ride-hailing, food delivery and… Source link

A man rides his scooter through a fountain at Gorky Park in Moscow, Russia, July 9, 2018. REUTERS/Kai Pfaffenbach/Files MOSCOW, July 7 (Reuters) – Russian tech giant Yandex (YNDX.O) will launch an electric scooters rental service in Moscow on Wednesday, the company said, tapping into surging demand across the city. Electric scooters are a common sight in Moscow during summer, whizzing around the city’s parks and pavements, but authorities have been forced to impose speed limits following a… Source link

MOSCOW, July 7 (Reuters) – Russian tech giant Yandex will launch an electric scooters rental service in Moscow on Wednesday, the company said, tapping into surging demand across the city. Electric scooters are a common sight in Moscow during summer, whizzing around the city’s parks and pavements, but authorities have been forced to impose speed limits following a string of accidents. The service will be launched on the Yandex.Go app, the company’s one-stop-shop for ride-hailing, food delivery… Source link

Russian tech giant Yandex and online food delivery venture Grubhub have announced a multi-year partnership pitched at college campuses in the US. Financial terms of the tie up were not disclosed. Yandex autonomous delivery robots will join Grubhub’s platform, with the service set to be available at select college campuses this autumn. GrubHub partners with more than 250 college campuses across the US. “We chose to partner with Grubhub for campus delivery because of its unparalleled reach into… Source link

The Yahoo brand, once an internet name as iconic as Google, might be worth little to young people more familiar with TikTok and Instagram. But it still has value in Japan, where the once-illustrious marquee just sold for ¥178.5 billion ($1.6 billion). Z Holdings Inc., a unit of Masayoshi Son’s SoftBank Group Corp., agreed to buy the rights to the Yahoo name in Japan to replace an existing licensing agreement. The deal follows the sale of Verizon Communications Inc.’s media… Source link

Yahoo President and CEO Marissa Mayer delivers the keynote address at the first-ever Yahoo Mobile Developer’s Conference, in San Francisco on Feb. 19, 2015. | AP Photo/Eric Risberg, File Former Yahoo CEO Marissa Mayer has contributed $200,000 to beat back an effort to recall Gov. Gavin Newsom, deepening the governor’s substantial Silicon Valley support. The outlay from Mayer bolsters Newsom’s massive cash advantage over Republican rivals and further demonstrates the extensive… Source link

Active bitcoin miners may see their profitability double following the 28% downward difficulty adjustment in mining on July 3, according to several mining sites.  The North American hash spread – an index invented by digital asset financial services platform BitOoda to measure the difference between bitcoin mining revenue per megawatt-hour and the cost of the needed power – has almost doubled to $449 from $225.  “Mining economics have improved significantly,” Sam Doctor, chief… Source link

(Bloomberg) — Didi Global Inc. plunged Tuesday in U.S. trading as the ride-hailing company faced scrutiny over its data security and a broader Chinese crackdown on companies listing their shares abroad. China’s State Council issued a sweeping warning to China’s biggest companies, vowing to tighten oversight of data security and overseas listings. That announcement followed the opening of a security review by China’s internet regulator last week and a demand for app stores to remove… Source link