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Federal Reserve Chairman Jerome Powell is readying markets for an announcement of a slowdown in its asset purchases, suggesting that the U.S. economic recovery looks fit enough to sustain reduced Fed stimulus as soon as next month. Powell said the Fed is “on track” to begin slowing the pace of its U.S. Treasury and agency mortgage-backed securities purchases, which it is currently doing at a clip of about $120 billion a month. He added that if economic conditions progress as expected, the… Source link

Google Meet is getting new audio and video locks to let hosts turn off the microphones and cameras of other participants. The new feature essentially lets you mute a user and prevent them from unmuting themselves until you unlock them. Earlier this year, Google rolled out the ability for hosts to mute everyone all at once in a group call. This latest feature takes the move a step further by preventing participants from unmuting themselves at any point during the… Source link

For the moment, investors seem wildly optimistic about the new media company Donald Trump is forming. Shares of little-known Digital World Acquisition Corp. (DWAC) soared 350% in one day after the shell company said it was merging with a new Trump entity aiming to build a social-media platform, a streaming operation and more. That could be the peak, however. Trump obviously has a massive following, but it’s important to keep in mind that Trump’s popularity comes from his combativeness. He… Source link

Snap’s (SNAP) stock was down more than 23% in early trading Friday morning after its earnings report sharply missed revenue expectations the day before. Why the big miss? CEO Evan Spiegel said Apple’s (AAPL) recent privacy changes to iOS hampered advertisers’ efforts to track their campaigns. “Our advertising business was disrupted by changes to iOS ad tracking that were broadly rolled out by Apple in June and July,” Spiegel said during the company’s earnings call. “We have… Source link

YouTube is leaving Roku. And now the fight between the two companies has caught the attention of members of Congress attempting to push their Big Tech antitrust legislation. After a months-long fight between Roku and YouTube’s parent company Google, Google announced Thursday that it would no longer allow Roku customers to download the YouTube or YouTube TV apps to their devices starting Dec. 9. (Roku customers who already have YouTube or YouTube TV installed will still be able to use those… Source link

If you haven’t noticed yet, your grocery bill is likely much higher than it was just a few months ago. Prices are skyrocketing on a number of consumer staples — everything from coffee to milk to soap — as companies try to offset surging costs due to supply constraints and production challenges. And relief may not be coming anytime soon. In fact, industry experts are warning that consumers will need to dig even deeper into their wallets as we look ahead to next year. “I can tell you… Source link

The Google Pixel 6 Pro’s camera bar has, from left to right, a 25mm wide-angle main camera, an 16mm ultrawide, a 104mm telephoto, and a flash. … Source link

By Dhirendra Tripathi Investing.com – Phunware stock (NASDAQ:PHUN) was defying all conventions Friday as it rose 1,468% on speculation that the company is being tapped to build former U.S. President Donald Trump’s proposed social media platform. Trading in the stock was halted later. It jumped 1,000% after it resumed. The stock touched a high of $24.04 during the session. It had closed at $1.53 Thursday. More than 197 million shares of the company changed hands on Nasdaq in less than an hour… 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 Friday, October 22, 2021 The Great Resignation gives way to the Dee Snider workforce “We’ve got the right to choose it There ain’t no way we’ll lose it This is our life, this is our song” —“We’re Not Gonna Take It,” Twisted Sister What to make of the labor market, where unfilled jobs are near a record high, unemployment claims hit yet… Source link

Small toy figures are seen in front of WeChat logo in this illustration picture taken March 15, 2021. REUTERS/Dado Ruvic/Illustration BEIJING, Oct 22 (Reuters) – Tencent’s (0700.HK) WeChat has made its content searchable on some foreign search engines such as Alphabet-owned Google (GOOGL.O) and Microsoft’s (MSFT.O) Bing, Reuters checks showed, in the latest tearing down of “walled gardens” in China’s internet sector. Content from China’s most popular messaging app WeChat, including articles… Source link