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Thomas Kurian, CEO of Alphabet’s Google Cloud, speaks at the Google Cloud Next conference in San Francisco on April 9, 2019. Michael Short | Bloomberg | Getty Images As a part of a recent reorganization within Google Cloud, CEO Thomas Kurian sidelined multiple tenured company veterans — one way he’s is living up to the company’s big expectations when it hired him two years ago. CNBC reported Wednesday that Kurian, in a recent email to staff, announced a broad reorganization within Google… Source link

Parents are shouldering a lot of the burden amid the student loan debt crisis, and a new report reveals which schools have left the highest number of indebted parents. The report by the Texas Public Policy Foundation — which uses new data released by the Department of Education (ED)’s College Scorecard to examine typical college Parent PLUS loan debt — contributes to a burgeoning trend of transparency that’s aimed at scrutinizing the cost of tuition. Parent PLUS loans are “almost like the… Source link

Tennis great Roger Federer has reason to smile this week, not because he has a ton of money and 20 Grand Slam titles.  Back in 2019, Federer inked a partnership with high-end running sneaker brand On Holding. Federer also invested an undisclosed sum (at an undisclosed valuation) in the maker of sneakers with “cloud” soles, and has since worked alongside the brand to develop his own footwear line dubbed “The Roger.” Federer’s stake is very likely worth multiples more amid an enthusiastic… Source link

The Russian internet giant Yandex experienced an extreme Distributed Denial of Service (DDoS) attack for several days, in August and September. The attack recorded at about 22 million requests per second (RPS) is believed to be the largest DDoS attack in the history of the internet, according to the Russian publication Vedomosti. Cyber security company Cloudflare confirmed the attack adding that the worst volumetric DDoS attack it ever recorded was 17.2… Source link

It was a routine bike ride around the neighborhood that landed Zachary McCoy in the crosshairs of the Gainesville, Florida, police department. In January 2020, an alarming email from Google landed in McCoy’s inbox. Police were requesting his user data, the company told him, and McCoy had seven days to go to court and block its release. McCoy later found out the request was part of an investigation into the burglary of a nearby home the year before. The evidence that cast him as a suspect was… Source link

Facebook (FB) has big plans for expanding in the world of financial services. It wants to become the planet’s preeminent digital wallet and supplant established players like PayPal (PYPL) in the process. The social network’s Novi division will be “a next generation digital wallet” built upon cryptocurrency that will be nothing short of a new “protocol for money on the internet,” according to David Marcus, head of Facebook Financial, who’s taking the lead in launching Novi in the… Source link

With climate change pushing companies to evaluate their sustainability practices, one startup wants to help food-service operators make washing dishes more environmentally friendly — by using robots and artificial intelligence (AI). “When you automate, you can create much better efficiencies,” Linda Pouliot, CEO and co-founder of Dishcraft, told Yahoo Finance (video above). “We use only a quarter of the water and a tenth of the power that a traditional dish room would use. And so,… Source link

The once red-hot SPAC market continues to be touch and go, at best.  Third quarter to-date, an average of six SPAC [special purpose acquisition company] IPOs have raised $1.2 billion in total capital each week, according to fresh data out of Goldman Sachs on Thursday. That pace is down sharply from the boom period seen in the first quarter, when an average of 21 SPACs raising $6 billion in capital came to market each week.  Goldman points to increased regulatory concerns — in part fueled… Source link

SpaceX launched the first all-civilian crew into orbit on Wednesday evening. The liftoff at 8:02 p.m. from Kennedy Space Center in Florida is a major step towards the future of commercial space travel.  “Few have come before, and many are about to follow,” said billionaire Jared Isaacman from inside the spacecraft. The 38-year-old founder and CEO of Shift4 Payments (FOUR) funded the mission called Inspiration4. The voyage benefits St Jude’s Hospital.  None of the four crew members on board… Source link

Federal Reserve Chairman Jerome Powell has directed staff to review the central bank system’s rules around stock trading as part of clean-up efforts related to the disclosure of several personal multi-million dollar transactions made by senior policymakers last year. “Chair Powell late last week directed Board staff to take a fresh and comprehensive look at the ethics rules around permissible financial holdings and activities by senior Fed officials,” a Fed spokesperson said. The Fed… Source link