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With Apple setting the tone, the stock market rose until Wednesday, buoyed by a series of fairly upbeat earnings reports. They included: Exxon Mobil’s disclosure that, thanks to soaring oil and gas prices, it had earned the most profit in seven years. The declaration by Starbucks that it had raised prices and would keep doing so. “We have additional pricing actions planned through the balance of this year, which play an important role to mitigate cost pressures including inflation,”… Source link

Nigeria is looking to Europe for funding to complete infrastructure projects such as railways, with a senior official in the West African nation saying Chinese loans are drying up. Analysts say Nigeria’s situation reflects a broader Chinese move away from funding these expensive projects in Africa, where China has provided hundreds of billions of dollars in loans to develop infrastructure as part of its Belt and Road Initiative. Last weekend, Transport Minister Rotimi Amaechi told Nigerian… Source link

Amazon, Apple, Facebook and Google. For most of us, not a day goes by without interacting with one of their products or services. In 2022, whether we want to or not, Big Tech is a part of our lives. With that dominance growing, it is up to the government to remain vigilant against these corporations abusing their power. A good example of that watchdog role are the recent lawsuits by four state attorneys general, including Washington Attorney General Bob Ferguson, against Google for Source link

YANQING, China — High-speed winds and controversy swept through the National Alpine Skiing Center here on Saturday, with the cancellation of a men’s downhill training session sparking fears that the Olympic competition will be neither safe nor fair. Organizers, citing wind gusts that created “dangerous” and “unpredictable” conditions, called off Saturday’s session after just three runs. Norway’s Aleksander Aamodt Kilde, the gold medal favorite, got one of them. His top… Source link

A Dutch journalist at the Olympics was dragged away from the camera in the middle of his live report. (Photo via @NOS/Twitter) A Dutch journalist covering the Winter Olympics in Beijing was accosted and dragged away by Chinese guards mid-broadcast on Friday outside the Games’ opening ceremonies. Sjoerd den Daas, a Dutch public broadcasting correspondent for NOS Nieuws, was seen attempting to finish his report while being yelled at, pushed and grabbed by a red armband-wearing guard before the… Source link

Traditionally, companies hold in-person sales kickoffs (SKOs) in January and February to network, educate sales teams about new products and devise strategies for the year ahead. These days, the convention centers and hotel ballrooms that once hosted those events are dark and quiet. Even though most employees are vaccinated, companies are still reluctant to send them to in-person events, and in the midst of a pandemic, many workers are reluctant to get on a plane. Full TechCrunch+… Source link

Amazon founder Jeff Bezos has an interest in bridge infrastructure. The billionaire, currently the world’s second-richest man, will pay the Dutch city of Rotterdam to dismantle and then rebuild part of a historic 95-year-old bridge to allow his new superyacht, the world’s tallest, to pass through it and out to sea. It’s a move that lies in stark contrast with bridge infrastructure in Bezos’s home country: the United States. A new study by the American Road & Transportation Builders… Source link

(Reuters) -Peloton Interactive Inc has drawn interest from potential buyers including e-commerce giant Amazon.com Inc, according to a person familiar with the matter, as the exercise bike maker struggles to maintain pandemic-fueled growth. Shares of Peloton surged 30% in extended trading on the news, which comes days after activist investor Blackwells Capital urged the company’s board to put it up for sale. Amazon is exploring an offer for Peloton and is speaking with advisers about whether… Source link

A technician gets cabling out of his truck to install Google Fiber. George Frey | Reuters As Google Fiber contractors in Kansas City attempt to become the first members of the Alphabet Workers Union to win bargaining power, workers there are facing a union-busting effort by their contracting firm. The contractors are employed directly by BDS Connected Solutions and work in a retail store for Google Fiber, the project that provides high-speed internet access to 19 U.S. markets, according to its Source link

Starbucks (SBUX) customers are staying loyal to the Seattle-based coffee giant despite a higher cost for their cup of coffee, even as political pressure mounts in response to rising prices. In a phone interview with Yahoo Finance after Starbucks’ fiscal first-quarter earnings results, CEO Kevin Johnson said customer demand during the holiday season was “very strong” with revenue growth of 19%, coming in at a record $8.1 billion dollars for the coffee giant. Like a growing number of companies Source link