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For the first time, US public companies will be required to tell investors about their exposure to climate risks and greenhouse gas emissions. On Wednesday, the Securities and Exchange Commission approved requiring US-listed companies to communicate how they are managing material risks related to climate change and how those risks affect their bottom lines. Large companies will also be required to disclose their direct emissions from their operations and energy use, known as Scope 1 and… Source link

US stocks opened higher on Wednesday, with techs vaulting back from a steep sell-off as investors digested Federal Reserve Chair Jerome Powell’s stance that interest rate cuts are still likely this year. The tech-heavy Nasdaq Composite (^IXIC) jumped about 1% after techs led a sharp slide in stocks more broadly on Tuesday. The S&P 500 (^GSPC) added more than 0.6%, while the Dow Jones Industrial Average (^DJI) popped 0.5%, as both indexes came off losses of more than 1%. Powell’s testimony to… Source link

By Foo Yun Chee BRUSSELS (Reuters) – Lobbying groups representing airlines, hotels and restaurants on Wednesday warned that changes proposed by Alphabet’s Google to comply with EU landmark rules may drive users to large online search services at their expense. The comments from Airlines for Europe group that has Air France KLM and British Airways owner IAG as members, hotel group Hotrec, European Hotel Forum, Eurocommerce, Ecommerce Europe and Independent Retail Europe came after Google rolled… Source link

Schroder Investment Management Group raised its holdings in Yandex (NASDAQ:YNDX – Free Report) by 3.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,827,261 shares of the information services provider’s stock after buying an additional 235,216 shares during the period. Schroder Investment Management Group owned about 1.89% of Yandex worth $129,308,000 as of its most recent filing with the… Source link

In a significant expansion, Google One now includes Fitbit Premium and Nest Aware, which we previously reported. This is starting in the UK. Update: Google has confirmed to us that “Fitbit Premium & Nest Aware are currently available with Google One Premium plans in the UK,” which start at 2 TB. As of today, this expanded offering is just available in that one country. Fitbit Premium today enables additional stats, like Daily Readiness Score, Sleep Score… Source link

Former President Donald Trump swept nearly all of this year’s Super Tuesday primaries and caucuses, routing his last major rival for the Republican presidential nomination, former South Carolina Gov. Nikki Haley. Haley announced Wednesday morning that she is suspending her campaign, clearing the way for Trump’s rematch with President Biden, the Democrat who beat him in 2020. Biden also won lopsided victories on Tuesday across 15 states. Trump, who gained several hundred delegates with major… Source link

Google logos. Photo credit: LOIC VENANCE/AFP AFP via Getty Images South Africa’s Fourth Estate “is on its knees” as Google and Meta’s dominance has captured 97% of all digital advertising in the country, creating an “extinction crisis” for the media. This is the view of Ishmet Davidson, the chief executive officer of News24, South Africa’s largest digital news publisher, which is owned by internet firm Naspers. He was testifying at the country’s Competition Commission inquiry… Source link

(Bloomberg) — Investors dumped a record amount of cash into BlackRock’s Bitcoin ETF while the cryptocurrency surged to an all-time high. Most Read from Bloomberg The iShares Bitcoin ETF (ticker IBIT) pulled $788.3 million Tuesday, its 37th consecutive inflow. The fund has now swelled to $11.5 billion in assets. Bitcoin briefly topped $69,000 on Tuesday, surpassing the all-time high it hit in late 2021. Demand from the ETFs and a optimism surrounding an upcoming reduction in the token’s… Source link

Federal Reserve Chair Jerome Powell plans to tell House lawmakers Wednesday that interest rate cuts are likely “at some point” in 2024, but that the central bank will proceed cautiously as it evaluates whether inflation is cooling appropriately. “If the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at some point this year,” Powell said in a copy of his prepared remarks to the House Financial Services Committee. The group at the Fed… Source link

The Rose Bowl ended up being Nick Saban’s last game at Alabama. (Photo by Steve Limentani/ISI Photos/Getty Images) Nick Saban was not thrilled with the way that his team reacted to losing the Rose Bowl. Alabama lost 27-20 to eventual national champion Michigan in the College Football Playoff on Jan. 1. The overtime loss came after Jalen Milroe’s fourth-down run was stopped at the line of scrimmage. Milroe took off toward the end zone after a low snap on what appeared to be a designed… Source link