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Google has invested in Bangalore-based Open, becoming the latest high-profile investor to back a neobanking platform. Open said on Tuesday it has raised $100 million in a Series C financing round. Singapore’s sovereign wealth fund Temasek led the round, and Google and Japan’s SBI Investment (not to be confused with SoftBank or India’s SBI bank) as well as existing investors Tiger Global and 3one4 Capital participated in it. The new round, which brings the four-year-old startup’s… Source link

MOSCOW, Oct 12 (Reuters) – Russian tech giant Yandex is expanding in Israel with the acquisition of electric scooter rental company Wind, adding to its taxi and food delivery services in the country. Yandex said on Tuesday it expects the deal to be finalised by the end of the year but did not disclose financial terms. The acquisition will include Wind’s e-scooters hardware, its R&D capabilities and operations in Israel, Yandex said. Wind, which operates around 4,500 scooters across 13 cities in… Source link

Google is offering up new ways for people with various disabilities to more easily use their smartphones. The technology giant said that it’s now possible to control Android-powered smartphones hands-free by using simple gestures like smiling, raising eyebrows or looking to one direction. The new options are available through two tools — Camera Switches and Project Activate — which use machine learning technology and the phone’s front-facing camera to pick… Source link

(Bloomberg) — Stocks and U.S. equity futures fell Tuesday, hurt by concerns about elevated inflation stoked by energy costs and the possibility of a widening regulatory crackdown in China. Most Read from Bloomberg MSCI Inc.’s Asia-Pacific index snapped a three-day climb, with the technology sector leading losses and China underperforming. Signs that Beijing is widening its scrutiny of private and state enterprises soured the broader mood. S&P 500, Nasdaq 100 and European futures retreated… Source link

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As Q4 gets into full swing, we can take a moment to look back over our shoulders at where we’ve come from. The sustained upward trend of the markets is obvious from this view, and the recent downturn in the market appears as a bump against some otherwise solid gains. Even so, there are reasons for concern right now. The COVID pandemic hasn’t gone away – and it doesn’t look like it will go away either. The September jobs numbers were weak, and unemployment only fell because too many… Source link

Stock futures opened in slightly negative territory Monday evening, holding lower after a further rise in commodity prices escalated concerns over inflation heading into corporate earnings season. Contracts on the S&P 500 ticked down. The index ended Monday’s session in the red, weighed down by a drop in the communication services and utilities sectors. Both the Nasdaq and Dow also fell. Energy and commodity prices, meanwhile, extended a swift march higher. U.S. West Texas intermediate crude… Source link

Google TV is adding multiple user profiles to allow everyone in a household to access their own personalized space with their Google account. Google says with personalized profiles, users will get TV show and movie recommendations tailored just for them, easy access to their personal watchlist and help from their Google Assistant. The search giant outlined in a blog post that as users watch TV, their profile takes their interests and preferences into account to… Source link

If you thought home prices couldn’t go any higher, hold on to your hat: Goldman Sachs (GS) economists are forecasting even more price increases in the year ahead. “Our model now projects that home prices will grow a further 16% by the end of 2022,” wrote a Goldman Sachs team of economists led by Jan Hatzius in a recent note. “Of all the shortages afflicting the U.S. economy, the housing shortage might last the longest,” he said.  Home prices are currently up 20% year-over-year. The boom in… Source link

Jamie Dimon, the CEO of the largest U.S. bank, took another jab at bitcoin bulls on Monday, alleging that the cryptocurrency may not be limited in quantity. “I’ll just challenge the group to one other thing: how do you know it ends at 21 million? You all read the algorithms? You guys all believe that? I don’t know, I’ve always been a skeptic of stuff like that,” said the JPMorgan Chase (JPM) CEO at an Institute for International Finance event on Oct. 11. The price of bitcoin was hovering… Source link