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 Wednesday, December 29, 2021 Mandates have curbed almost everything except COVID-19 cases Someone has to say it, and I derive no pleasure from doing so. But here goes: The Omicron wave is exposing the limits of COVID-19 restrictions, which are clearly failing. These include ferociously debated vaccine passports and masking policies that have done… Source link
Read More »Google and Tech Rivals Tap Cash Reserves to Realize Cloud Ambitions
Google and its rivals are wielding a new weapon in the battle for cloud-computing market share: big-dollar investments in companies that agree to sign on to their services. With Thomas Kurian serving as cloud chief executive since 2019 after a long tenure at Oracle Corp. , the Alphabet Inc. unit has been tapping its $142 billion treasure chest of cash to make it more attractive to customers. Google has taken… Source link
Read More »Yandex N : Revises Its Policies on Ethics and Business Conduct
Internet, 29 December, 2021. Yandex has updated the Yandex Group’s Code of Business Ethics and Conduct and introduced a standalone Supplier Code of Conduct. Effective from February 1, 2022, these documents will be used as the basis for the monitoring and management of compliance with the relevant internal policies and procedures. Yandex will inform all applicable stakeholders about the changes before the effective date. These documents align internal… Source link
Read More »Tesla’s Musk exercises all of his stock options expiring next year
San Francisco (Reuters) -Tesla Inc Chief Executive Elon Musk has exercised all of his options expiring next year, signaling an end to his stock sales that triggered a fall in the share price of the world’s most valuable carmaker. Musk said last week that he would reach his target of selling about 10% of his stake in Tesla “when the 10b preprogrammed sales complete,” likely referring to his options-related stock sales. Since early November, he has exercised options expiring next… Source link
Read More »A DoorDash employee making $400K a year complained about a company-wide initiative requiring that he personally make one delivery a month
DoorDash is making all its employees — even the CEO — work as delivery drivers at least once a month.Noam Galai/Getty Images DoorDash is reinstating its WeDash program. The program requires staff — including the CEO — to work as delivery drivers at least once a month. One employee who said they make $400K a year vented on social media about having to do the program. The delivery service DoorDash is making all its employees — even the CEO — deliver at least once a month, but not… Source link
Read More »Sports world mourns the loss of Hall of Famer John Madden
ABC News Harry Reid, the former 5-term US senator from Nevada, has died at 82 following cancer battle Harry Mason Reid, the former five-term U.S. senator from Nevada who led Senate Democrats for a decade spanning the Bush and Obama presidencies, died Tuesday, his wife, Landra Reid, confirmed in a statement. Harry was deeply touched to see his decades of service to Nevada honored in recent weeks with the re-naming of Las Vegas’ airport in his honor. Landra Reid thanked the doctors and nurses… Source link
Read More »NC State’s Dave Doeren reacts to Holiday Bowl cancellation
Oct 16, 2021; Chestnut Hill, Massachusetts, USA; North Carolina State Wolfpack head coach Dave Doeren reacts during the first half against the Boston College Eagles at Alumni Stadium. Mandatory Credit: Paul Rutherford-USA TODAY Sports SAN DIEGO — N.C. State coach Dave Doeren was watching the end of another bowl game Tuesday afternoon when he found out his own had been canceled less than five hours before kickoff. Instead of visualizing how he would call the end of the Auburn-Houston game, he was… Source link
Read More »Stock market news live updates: December 29, 2021
U.S. stock futures were muted on Tuesday after the S&P 500 took a breather in earlier trading, closing out a choppy session day in the red after the index ceased a four-day climb toward its 70th all-time high. Contracts on the Dow, S&P and Nasdaq ticked up slightly but were mostly flat. Markets closed on a mixed note following seesaw action from all three major indexes as investors weighed rising coronavirus cases across the globe. After reaching an intraday high, the S&P 500 reversed course… Source link
Read More »James Cayne, CEO for Bear Stearns Rise and Fall, Dies at 87
(Bloomberg) — James Cayne, the cigar-puffing college dropout who parlayed a stint as a professional bridge player into a job as a bond broker on Wall Street, where he led Bear Stearns Cos. to record profits, then to the brink of collapse, has died. He was 87. Most Read from Bloomberg He died on Tuesday at Monmouth Medical Center in Long Branch, New Jersey, days after suffering a stroke, said his wife, Pat. Until 2007, Cayne, known as Jimmy, was one of Wall Street’s brightest stars. Bear… Source link
Read More »Google Maps leads Nevada-bound drivers astray with Interstate 80 closure
Google doesn’t always know best. Despite warnings to avoid travel after a massive snowstorm that started Christmas weekend closed major highways, thousands of people insisted on trying to drive into or out of the socked-in Sierra Nevada. Some needed to get home. Some wanted to visit family. Some just wanted to play in the snow. Some were led astray by poor judgement. And many were led astray by Google Maps, which offered alternate driving routes that sent drivers to snowy dead ends.
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