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(Bloomberg) — Ford Motor Co. shares tumbled the most in almost two years after the automaker missed estimates for quarterly earnings and cautioned it may get off to a slow start to the year due to supply chain issues. Most Read from Bloomberg The carmaker posted earnings of 26 cents a share excluding some items for the last three months of 2021, trailing the 45-cent average analyst estimate. Shortages of critical components including semiconductors disrupted production and will weigh on… Source link

U.S. employers added back far more jobs than expected in January even as Omicron cases surged at the beginning of the new year. The Labor Department released its January jobs report Friday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg: Non-farm payrolls: +467,000 vs. +125,000 expected and a revised +510,000 in December Unemployment rate: 4.0% vs. 3.9% expected, 3.9% in December Average hourly earnings, month-over-month: 0.7%… 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 Friday, February 4, 2022 Despite a Meta-drubbing, all might not be lost Unleash the Meta-phors. The big fourth quarter earnings miss by Facebook’s re-christened parent company (FB) Meta-stasized on Wall Street (sorry, I just couldn’t resist) — dragging all the major indexes lower in an unmitigated bloodbath The lackluster results gave the… Source link

BEIJING — For the first time since 2014, an Olympics Opening Ceremony won’t feature the glistening pecs of multi-sport Olympian Pita Taufatofua. The Tongan Olympian in both taekwondo and cross-country skiing, Taufatofua is remaining at home in Tonga as the nation works to recover from the effects of a devastating volcano blast last month. That means viewers hoping to catch a glimpse of Taufatofua in his trademark shirtless, skirted garb — which he sported at both Summer and Winter… Source link

MOSCOW, Feb. 4, 2022 /PRNewswire/ — RouteQ, a subsidiary of Yandex and a provider of cloud-based delivery management software solutions, today announced an expansion of its operation to the Middle East to plug the critical gaps in the region’s delivery fleet operations, by providing comprehensive route planning and delivery tracking capabilities for today’s competitive retail, e-commerce, delivery providers, and fast-moving consumer goods businesses. Couriers are facing increased demand… Source link

Five years ago this month, William Stephen Belichick was entered as a possible material witness in the Aaron Hernandez double-murder trial. Ultimately, those proceedings came and went without the New England Patriots coach being called for testimony. But if you’re listening to Brian Flores right now, things could go far differently in the class-action lawsuit filed by the former Miami Dolphins coach. Because the more Flores speaks, the more he appears to point to Belichick as being a… Source link

Google announced today via its Google for Education blog that it’s starting a repairability program to help schools fix Chromebooks in-house, and turn it into a valuable training opportunity for students looking into the IT field. Google says 50 million students and teachers are using Chromebooks while raising bold claims of the sustainability these laptops bring to the table via efficiency and extra durability. A Google-commissioned study cited on the page says its manufacturer partners… Source link

When Michael Jordan retired at the height of his popularity, the NBA soon learned a hard truth. It had no heir to Air Jordan, no emerging superstar prepared to step into Jordan’s high tops and drive revenue and viewership. In 1998, a record TV audience tuned in to watch Jordan’s “Last Dance” Chicago Bulls capture their sixth and final NBA title. In 1999, the NBA no longer had Jordan to sell and ratings for the Finals plummeted to an 18-year low. The NBA’s post-Jordan ratings decline… Source link

Stock futures opened sharply higher Thursday evening as investors looked ahead to a key new report on the labor market and considered a fresh set of earnings results from several major index components. Contracts on the S&P 500 gained more than 1% as the overnight session kicked off. Nasdaq futures also jumped. Earlier, the Nasdaq Composite index sank by 3.7% for its worst single-day decline since September 2020. Oil prices also remained in focus on Thursday as U.S. West Texas intermediate… Source link

Google has announced a new, free tier of its Workspace suite, Workspace Essentials Starter. Basically, it lets workers use tools like Google Docs, Sheets, Chat, etc. with their co-workers without requiring them to switch over to Gmail if they’re already using something like Exchange or Zoho. While employees have long been able to replicate this use case with personal Google accounts, having an official product for it could help with security and make it easier to manage a team of people… Source link