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The Federal Reserve on Wednesday held interest rates at near-zero, but hinted that the U.S. economic recovery is getting closer to a place where it may not need as much monetary support. The Federal Open Market Committee on Wednesday kept its benchmark interest rate in the range of 0% to 0.25%, but provided an update on its December 2020 commitment to purchasing at least $120 billion a month in U.S. Treasuries and agency mortgage-backed securities until the recovery looked like it was making… Source link

Even for tech companies who create the tools for remote work, returning to the office is proving a major challenge. After early work-from-home recommendations last March, companies like Google eventually closed up shop, requiring employees to take their work home with them. The intervening year and change have been a fraught balancing act for the company (along with most of the world), which began outlining return-to-work plans for some employees as early as May 2020. As Delta and other… Source link

Nearly 80 million adult Americans remain unvaccinated against Covid-19, which is causing an upsurge in infections, hospitalizations and deaths as the highly contagious delta variant spreads. With most of the unvaccinated either indifferent or resistant to the idea of halting the spread of this now-preventable disease, calls are growing for the Biden administration to make vaccines mandatory nationwide. There are better ways to end the coronavirus pandemic once and for all. A federal vaccine… Source link

If U.S. regulators crack down on the controversial practice of payment for order flow, it may have one unintended consequence. Big trading outfits could become much larger and even more influential in markets, explains Interactive Brokers chairman and founder Thomas Peterffy.  “If they were to prohibit payment for order flow, what has to happen is you would have Citadel buy Robinhood and Schwab would buy Virtu, and the two sides would be put together into one company,” Peterffy said on Yahoo… Source link

Sundar Pichai Source: CNBC Google CEO Sundar Pichai said the company is extending its office return for employees until Oct. 18 amid the latest Covid-19 outbreaks. In an email to employees Wednesday, Pichai also said the company will require anyone coming to the office to be vaccinated, beginning in the U.S. in coming weeks. Pichai’s note represents the second delay in office returns for its workforce of more than 130,000-plus employees amid the ongoing pandemic. In December, Google delayed… Source link

Google said Wednesday that it would require employees who returned to the company’s offices to be vaccinated against the coronavirus. It also said it would push back its official return-to-office date to mid-October from September, joining a host of other companies whose plans have been scrambled in recent days by the spread of the highly contagious Delta variant. Sundar Pichai, the chief executive of Alphabet, Google’s parent company, announced the news in a note to employees, which was… Source link

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here. By Alexander Marrow MOSCOW (Reuters) -Russian internet giant Yandex said on Wednesday it intends to spend around $650 million on e-commerce initiatives this year, more than previously planned, after reporting strong second-quarter results and upgrading its 2021 revenue forecast. Group revenue this year should now be between 330 and 340 billion roubles ($4.49-$4.63 billion),… Source link

(Bloomberg) — Tilray Inc. shares surged the most in more than five months as investors rewarded the cannabis company for profiting even amid challenges due to Canada’s Covid-19 restrictions. Net income was $33.6 million for the fiscal fourth quarter ended May 31, compared with a loss of $84.3 million in the year-earlier period, while earnings before interest, taxes, depreciation and amortization almost quadrupled to $12.3 million, the Leamington, Ontario-based company said in a statement… Source link

In the wake of Apple’s advances into consumer privacy with initiatives like App Tracking Transparency and App Store privacy labels, Google recently announced its own plans to introduce a new “safety section” on Google Play that offers more information about the data apps collect and share, and other security and privacy details. Today, the company is sharing for the first time what the new section’s user interface will look like, along with other requirements for developers. In… Source link

Google has revealed an in-progress design for the Play Store’s upcoming safety section, which will provide information about an app’s data collection, privacy, and security practices. Announced in May, developers will be able to start declaring their safety info in October until a deadline of April next year. The safety section is currently due to start appearing in app descriptions in the first quarter of 2022. Although Google says the design is subject to change, screenshots… Source link