(Corrects typographical error in paragraph 4) By Chavi Mehta and Nivedita Balu (Reuters) – Intel Corp’s latest focus on making chips to meet rising demand will give Advanced Micro Devices Inc, its biggest rival in the server and PC market, a chance to build a greater foothold in the segment, analysts said. Intel, which plans large investments in chip technologies in the next four years, said on Thursday it expects revenue from its segment housing PCs to grow in low to mid single digits, and its… Source link
Read More »Fed expands trading restrictions on policymakers to cover crypto, other assets
The Federal Reserve on Friday codified a set of new rules that restrict some of the nation’s most powerful economic policymakers from actively trading stocks and other securities. Senior officials at the central bank will not be allowed to purchase individual stocks or sector funds, and will be prohibited from holding individual bonds. The rules were expanded to cover cryptocurrencies, commodities, foreign currencies, derivatives contracts, short sales, and purchases on margin. Federal… Source link
Read More »Everything we expect Google to launch in 2022 [Video]
After the biggest launch for Google in years in late-2021, with the Pixel 6 and 6 Pro, alongside Android 12, just what can we expect in 2022? Here’s everything you need to know. Video – Everything we expect Google to release in 2022 Subscribe to 9to5Google on YouTube for more videos Android 13 A nailed on, 100% happening software release that has already started with a Developer Preview phase followed by a public-facing Beta program. Before… Source link
Read More »From the Newmaverse: Inflation exaggeration
The Wall Street Journal ran a story about high gas prices on Feb. 17, with a photo of pump prices ranging from $4.79 to $5.49. I looked at the caption, and sure enough, it was a photo of a station in California, where gas prices are the highest in the nation, by far. The national average is more than a dollar lower, at around $3.50 That brought to mind Steve Capo of Englewood, Fla., near Sarasota, who writes to Yahoo Finance regularly to comment on exaggerations and mischaracterizations he… Source link
Read More »US existing home sales unexpectedly jump in January, as inventory hits record low
Home sales in the U.S. jumped in the first month of 2022, while the number of homes for sales hit a new record low. Existing home sales rose 6.7% to a seasonally adjusted 6.50 million million units in January from a month earlier, the highest rate in 12 months, according to the National Association of Realtors (NAR). The number of sales was down 2.3% from the same month a year ago. Home sales in December were revised down to 6.09 million from 6.18 million. The results far exceeded analysts’… Source link
Read More »Kraft Heinz continues its tech transformation with Google partnership
Kraft Heinz Co. KHC, +2.74% announced a partnership with Google GOOG, +0.15% google on Friday that’s intended to further the food company’s digital transformation. Kraft will use machine learning tools to help with new flavors and products, improve shopper engagement using Google Cloud products, and use platforms like Google Ads and YouTube for marketing. Kraft has invested in its own digital tools over the past year, which… Source link
Read More »Google Stadia Is a Failure. The Company Should Kill It
Stadia looks doomed. At the beginning of the month, a report from Business Insider detailed ongoing issues with Google’s troubled streaming platform. Apparently, Google is putting the consumer product on the back burner while it tries to sell the Stadia technology as a white-label service to power other companies’ cloud offerings. Much has happened between the 2018 “Project Stream” beta, the official Stadia launch in 2019, and today. You could arguably call Google a leader in the second… Source link
Read More »Forget Apple and Google. Meta Has Another Existential Threat on the Horizon.
Text size Investors in Meta have been taken on a wild ride this month. There are more threats ahead. Chris Delmas/AFP via Getty Images … Source link
Read More »Google cut worker pay in North Carolina. Now employees are protesting
Stock equity grants, which typically make up a significant portion of tech workers’ total compensation, are also being reduced starting last month. For some employees, that means their stock grants could be 25 percent lower than if they worked at other Google offices, like in Atlanta, the workers said in the letter. Story continues below advertisement The employees say they want the salary cut reversed, and a commitment from their bosses to be more transparent about how regional salary… Source link
Read More »Russia-Ukraine, and the Fed make for Catch 22 market: Morning Brief
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 18, 2022 The Joseph Heller market may last all year Tensions on the border of Russia and Ukraine are forcing Wall Street investors to sell everything (except bonds, gold and the dollar). Meanwhile, relentless inflation, and what the Federal Reserve might do to address it, is making Wall Street… well, sell everything. Over the last… Source link
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