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A hotter-than-expected February inflation print was largely driven by two components: shelter and gas. The shelter index rose 5.7% on an unadjusted annual basis and 0.4% month over month, a deceleration from January’s 6% annual increase and 0.6% monthly rise. Sticky shelter inflation is largely to blame for higher core inflation readings, according to economists. The index for rent and owners’ equivalent rent (OER) rose 0.5% and 0.4% on a monthly basis, respectively. Owners’ equivalent rent is… Source link

Google has updated its page experience help documentation to clarify how core web vitals metrics are used as a ranking signal, in a light manner. Google also clarified that other page experience signals are not directly used for ranking purposes in Google Search. What Google wrote. The updated documentation is in the ranking section of the document and it now reads: Core Web Vitals are used by our ranking systems. We recommend site owners achieve good Core Web Vitals for success with… Source link

Arkady Volozh, the billionaire cofounder of Russia’s biggest internet company, was removed from the EU sanctions list today, clearing the way for his return to the world of international tech. On Tuesday a spokesperson for the European Council confirmed to WIRED that the Yandex cofounder was among three people whose sanctions were lifted this week. Volozh, 60, was initially included on the EU sanctions list in June 2023, following Russia’s full-scale invasion of Ukraine in February 2022…. Source link

Google recently fired an engineer after the employee expressed anti-Israel sentiments during the Israeli tech industry conference, Mind The Tech, in New York. During a speech by Barak Regev, Google’s CEO in Israel, the employee publicly protested against Google’s collaboration in Project Nimbus, the Israeli military’s cloud computing project.  “I’m a Google software engineer, and I refuse to build technology that powers genocide, apartheid, or surveillance,” he shouted before being… Source link

If you want to ask Google’s AI chatbot a question about an upcoming election, you will have to do it from a country where there are no elections taking place. TechCrunch has learned that the search giant has started to restrict queries made Gemini when they relate to elections, in any market globally where elections are taking place. The search giant confirmed to TechCrunch that it started rolling out the restrictions on Gemini to limit surfacing answers about… Source link

Inflation pressures remained persistent in February as prices for shelter and gas rose, according to the latest data from the Bureau of Labor Statistics released Tuesday morning. The Consumer Price Index (CPI) rose 0.4% over the previous month and 3.2% over the prior year in February, slightly higher than January’s 0.3% month-over-month increase and 3.1% annual gain. Both measures roughly matched economist forecasts of a 0.4% month-over-month increase and a 3.1% annual increase, according to… Source link

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: On Monday morning, former President Donald Trump said in an interview, “I consider Facebook to be an enemy of the people.” On Monday, Meta Platforms (META) stock fell 4%. Meta’s decline outpaced the 0.4% drop seen in the tech-heavy Nasdaq to start the week and served as perhaps the first reminder to investors riding the “Magnificent Seven” trade that election risk matters to… Source link

(Bloomberg) — Bitcoin is sustaining a record-breaking run, lifted by the unprecedented amounts of capital flowing into crypto products as well as a looming reduction in the digital token’s supply growth. Most Read from Bloomberg The original cryptocurrency reached an all-time peak of almost $72,881 on Monday and was trading at $72,220 as of 7:15 a.m. in London on Tuesday. A record $2.7 billion flowed into crypto assets last week, according to a report from CoinShares international Ltd.,… Source link

[unable to retrieve full-text content]Stock market today: S&P 500, Nasdaq dip ahead of key inflation print  Yahoo Finance Source link

Once upon a time, in October 2022, the San Francisco 49ers traded draft picks in the second, third, fourth and fifth rounds to acquire a player whom they’d still need to pay big money. This sixth-year pro wasn’t a quarterback. He wasn’t a pass rusher. He wasn’t even, by title or league tracking data, a receiver. No, the 49ers decided to pony up all that draft capital and money to acquire running back Christian McCaffrey. In this economy. McCaffrey arrived with an injury history,… Source link