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A highly educated workforce and low cost of labor made Ukraine an attractive outsourcing tech hub for Fortune 500 firms, churning out more than 200,000 IT workers. But these days, Andrew Pavliv, the founder and CEO of N-iX, one of Ukraine’s largest tech companies, is more consumed with managing the flow of employees within his own country. Since the Russian invasion began last month, Pavliv’s firm has evacuated nearly 200 employees from hard hit cities in eastern Ukraine, including… Source link

Rivian (RIVN) is expected to report its fourth quarter and full year 2021 results on Thursday after the closing bell. These are the consensus estimates expected by Wall Street analysts for the electric vehicle startup’s Q4 top and bottom line results, as compiled by Bloomberg data:  Adjusted loss per share: – 2.05 Revenue: $63.99 million The Irvine, California–based company is pre-profitable and still in the process of ramping up its production. Rivian produced 1,015 vehicles and delivered… Source link

U.S. consumers paid more for a variety of goods and services in February compared to the prior month and year, with prices climbing across the economy amid lingering supply and demand imbalances. The Bureau of Labor Statistics’ Consumer Price Index (CPI) rose 7.9% in February compared to last year, marking the fastest annual jump since 1982. This took out January’s previous 40-year high rate of 7.5%, and matched consensus economist expectations, according to Bloomberg data. On a… Source link

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 Thursday, March 10, 2022 Plaudits for Biden on crypto order, but challenges loom The pistol for cryptocurrency regulation has officially been fired — and the crypto world is ready and raring to go. On Wednesday, the Biden administration issued its hotly-anticipated executive order that directs the federal government (with the advice and consent… Source link

Amazon’s (AMZN) big stock split could pave the way for entrance into the 30-member exclusive club known as the Dow Jones Industrial Average. “We expect that the stock split should increase the accessibility of shares to a broader array of potential investors, and note that the split should allow for potential inclusion of Amazon shares in the Dow Jones Industrial Average,” said Wells Fargo analyst Brian Fitzgerald. Shares of the e-commerce giant rose 5% in pre-market trading on Thursday on the… Source link

Gold fever is sweeping the betting public like it’s 1849, with the Niners getting nearly a third of the handle to win the NFC in 2022 and quarterback Trey Lance seeing the third-most action in the MVP market on BetMGM. Can Lance do this season what Jimmy Garoppolo couldn’t do last year and lead San Francisco to the Super Bowl? [Join the Yahoo Fantasy Tourney Pick’Em $25K Best Bracket Contest] A new era in San Francisco It’s no secret that Garoppolo will either be traded or cut in the weeks… Source link

This is what the Washington Commanders signed up for. In the aftermath of the reported trade that sent quarterback Carson Wentz from the Colts to the Commanders on Wednesday, details emerged from what went on behind the scenes in Indianapolis. Among those details is a reported apology from head coach Frank Reich for vouching for Wentz in the first place. Before joining the Colts as head coach in 2018, Reich spent two seasons as the offensive coordinator for the Wentz-led Philadelphia Eagles…. Source link

(Bloomberg) — Amazon.com Inc. is planning to split its stock for the first time in more than two decades in a move that will end an era of four-digit stock prices for the biggest U.S. technology companies. Most Read from Bloomberg Amazon intends to boost its outstanding shares by a 20-to-1 ratio, under a plan disclosed late Wednesday, joining other technology giants like Alphabet Inc. and Apple Inc. who have turned to splits to make their stocks more attractive to retail investors. That news… Source link

The Biden administration on Wednesday issued a long-awaited executive order to comprehensively study cryptocurrencies, effectively firing the starting pistol for Congress and other federal agencies to begin crafting oversight of digital tokens. The blueprint, arriving at a time when markets are being roiled by the conflict between Russia and Ukraine, which has spilled over into crypto, was mostly hailed by industry players who have been nervous about the government’s moves to create a… Source link

U.S. equity futures were flat heading into overnight trading Wednesday after stocks ended a losing streak to log their best session in two years. All three main benchmarks closed higher for the first time in four days and commodity prices retreated from a recent spike as investors looked optimistically toward a possible de-escalation of Russia’s war in Ukraine. Contracts on Wall Street’s key hovered near the flatline in post-market trading after the S&P 500 notched its best day since June… Source link