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(Bloomberg) — Celsius Network Ltd. paused withdrawals, swaps and transfers after weeks of speculation over the sustainability of the outsized returns being offered by the DeFi lending platform, fueling a broad cryptocurrency selloff. Most Read from Bloomberg Crypto markets tumbled after the Celsius announcement, with Bitcoin dropping as much as 14% to the lowest level since December 2020 and other major tokens like Ether also falling sharply. Celsius’s CEL token was down about 50% to 19… Source link

By Yoruk Bahceli and Sujata Rao (Reuters) -U.S. two-year Treasury yields rose above 10-year borrowing costs on Monday – the so-called curve inversion that often heralds economic recession – on expectations interest rates may rise faster and further than anticipated. Fears the U.S. Federal Reserve could opt for an even larger rate hike than anticipated this week to contain inflation sent two-year yields to their highest levels since 2007. But a view is also playing out that aggressive rate hikes… Source link

0:37 Intro. [Recording date: March 9, 2022.] Russ Roberts: Today is March 9th, 2022, and my guest is Sridhar Ramaswamy, former head of advertising at Google, and founder and CEO of Neeva. Sridhar, welcome to EconTalk. Sridhar Ramaswamy: Delighted to be here. Thank you for having me. 0:52 Russ Roberts: Neeva, N-E-E-V-A, is a new search engine, and we’re going to talk about that later, that you’ve started. But, I want to begin and talk about Google. So, let’s start with some simple questions. How… Source link

Google has placed one of its engineers on paid administrative leave for allegedly breaking its confidentiality policies after he grew concerned that an AI chatbot system had achieved sentience, the Washington Post reports. The engineer, Blake Lemoine, works for Google’s Responsible AI organization, and was testing whether its LaMDA model generates discriminatory language or hate speech. The engineer’s concerns reportedly grew out of convincing responses he saw the AI system… 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 Monday, June 13, 2022 Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Many times in my career in financial markets, I’ve been able to spot trainwrecks before they happen. The trade-off for devoting every waking second to studying markets, the human beings… Source link

A housing bubble requires both a rush of speculators entering into the market and “overvalued” home prices. Oh, and the bust at the end, of course. Unlike the housing bubble that popped in 2008, the pandemic housing boom isn’t underpinned by a frenzy of speculation, Moody’s Analytics chief economist Mark Zandi says. While home flipping has certainly ticked up during the pandemic, he says, we aren’t seeing the exuberance of the last bubble. So is the coast clear? Well, not so fast. While… Source link

Women at Oracle Corp. suing over alleged pay disparities took a big step backward, while more than 15,000 female workers at Google crossed the finish line. Under a judge’s tentative ruling Friday, the Oracle women are poised to lose the class-action status they earlier won that gave them powerful leverage in a five-year court fight with their employer. Alphabet Inc.’s Google, meanwhile, agreed to pay $118 million to resolve claims filed under California’s Equal Pay Act that the company… Source link

SAN FRANCISCO — Coming off Game 4 of the NBA Finals, Golden State Warriors star Andrew Wiggins has been seen in a new light with how he dug deep defensively and by dominating the glass to help his team even the series at 2-2. The lean, athletic forward registered 17 points, pulled down a career-high 16 crucial rebounds, had a starting unit high plus-minus of 20 and held Boston Celtics star Jayson Tatum to 23 points on 23 shot attempts. His desire to win and compete was displayed in his 43… Source link

Google has settled a class-action lawsuit that accused it of systematically underpaying women, promising to provide $118 million in monetary relief and invite outsiders to review its pay practices. Three former Google employees first sued the company in 2017 in Ellis v. Google LLC, claiming that it paid women less than men for the same job; a fourth plaintiff was added later. A San Francisco Superior Court judge must now approve the Friday settlement, which covers about 15,500 women employed… Source link

Google has settled a class-action lawsuit that accused it of systematically underpaying women, promising to provide $118 million in monetary relief and invite outsiders to review its pay practices. Three former Google employees first sued the company in 2017 in Ellis v. Google LLC, claiming that it paid women less than men for the same job; a fourth plaintiff was added later. A San Francisco Superior Court judge must now approve the Friday settlement, which covers about 15,500 women employed… Source link