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Google parent Alphabet Inc. disclosed that Larry Page, co-founder and current board member, has sold more than $80 million worth of shares, a couple of days after the stock shot up on the back of a blowout earnings report and stock-split announcement. Both the Class C shares and more-active Class A shares rose 0.4% in premarket trading. In filings with the Securities and Exchange Commission after Friday’s closing bell, the internet search giant said… Source link

ZHANGJIAKOU, China—Ireen Wüst skated her way into sports history Monday night, winning individual gold for a record fifth straight Olympics. The Netherlands’ Wüst won the 1500m speedskating event with a time of 1:53.28, edging out Japan’s Miho Takagi by 0.44 seconds. Wust’s Dutch teammate Antoinette de Jong placed third with a time of 1:54.82. The win gave Wüst gold medals in five separate Olympic Games: Beijing, PyeongChang (2018), Sochi (2014), Vancouver (2010) and Torino (2006)…. Source link

Huge news from Google HQ: the company is changing the Chrome web browser logo for the first time in eight years. And it’s stunningly—well, not all that different. To be fair, the new logo is clearly different to the previous one, when viewed side-by-side anyways. It’s brighter, cleaner, and Google has taken the design equivalent of a 10,000 LED light to the front of the logo to eradicate any hint of shadow. That may not be the exact logo you end up seeing on your device, however. Google is… Source link

By Howard Schneider WASHINGTON (Reuters) – The last time the U.S. unemployment rate fell below 3%, as one Federal Reserve official has predicted it will this year, the Korean War was nearing its end and a recession that saw legions of workers lose their jobs was just around the corner. While the circumstances were unusual, it nonetheless presented a now-familiar pattern – a falling unemployment rate eventually giving way to recession – that current Fed officials will be challenged to avoid as… 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, February 7, 2022 Bigger isn’t always better. Case in point: Lots of trading desks are locked in on the dramatic underperformance of the small-cap Russell 2000 Index amid the bounce-back in broader stocks from the late January lows. The Russell 2000 — which is often viewed a proxy for the strength (or lack thereof) of the domestic economy… Source link

YANQING, China — U.S. skier Nina O’Brien crashed across the finish line in her second Olympic giant slalom run here on Monday, sending gasps throughout an audience that included many fellow racers. Doctors and emergency responders tended to her on the icy snow for almost 10 minutes, before dragging her away from the finish area on a stretcher. O’Brien, though, was not only “alert and responsive,” according to a U.S. ski team spokeswoman. She was “calm,” “worried about delaying… Source link

STOCKHOLM, Feb 7 (Reuters) – Price comparisons company PriceRunner said on Monday it has sued Alphabet-owned (GOOGL.O) Google for about 2.1 billion euros ($2.40 billion) at a court Stockholm, saying the company breached antitrust laws by manipulating search results in favour of its own comparison shopping services. PriceRunner said its lawsuit aims to make Google pay compensation for the profits that it has lost in the U.K. since 2008, as well as in Sweden and Denmark since 2013. Investment… Source link

China’s Zhu Yi left Olympic ice in tears after falling twice in Monday’s free skate during team competition. The U.S.-born skater competing for China was previously the subject of online vitriol on Chinese social media platform Weibo after falling in Sunday’s short program. Her finish in the short program saw host nation China fall from third place to fifth. “Zhu Yi has fallen” trended on Weibo late Sunday after she crashed to the ice and missed another jump later in her performance. According… Source link

(Bloomberg) — Peloton Interactive Inc. — the early pandemic home-fitness darling that’s become a potential takeover target following a sharp plunge in its stock price — could find a challenging climate if it opts for a deal with a big-technology firm. Most Read from Bloomberg One key consideration is regulatory scrutiny. There’s a chill against large transactions at the moment in Washington, where technology companies are being probed by regulators for their reach and influence and the… Source link

New Orleans Saints running back Alvin Kamara was arrested on a battery charge Sunday afternoon after playing in the Pro Bowl, according to police. The Las Vegas Metropolitan Police Department announced Kamara’s arrest Sunday evening, hours after the conclusion of the Pro Bowl. According to police, the alleged victim reported being battered at a Las Vegas nightclub at 5:50 p.m. local time on Saturday, and Kamara was identified as the suspect. Alvin Kamara faces a battery charge for an alleged… Source link