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Some praise by Warren Buffett’s potential successor as CEO of Berkshire Hathaway has investors eating up shares of Kraft Heinz (KHC).  Shares of the mac and cheese maker have surged to a 52-week high, according to Yahoo Finance Plus data. The stock is up a tasty 6% so far in May, outperforming the 2% drop for the S&P 500.  The gain is even more impressive considering packaged food stocks have traded sideways of late, pressured by the one-two punch of inflation fears and concerns about demand… Source link

(Bloomberg) — For a second week, the crypto market is being ruled by tweets from billionaire Elon Musk. The Tesla Inc. chief sent Bitcoin rallying back above $45,000 on Monday after clarifying that the company hasn’t sold any holdings of the digital token. It’s the latest post to whipsaw prices across the industry and fuel speculation over just why the electric-car pioneer is issuing crypto missives on a daily basis on Twitter. “He has to wake up to the reality that with his following,… Source link

In a wonderful cybersecurity move that should be replicated by all vendors, Google is slowly moving to make multi-factor authentication (MFA) default. To confuse matters, Google isn’t calling MFA “MFA;’ instead it calls it “two-step verification (2SV).” The more interesting part is that Google is also pushing the use of FIDO-compliant software that is embedded within the phone. It even has an iOS version, so it can be in all Android as well as Apple phones. To be… Source link

Google Security VP Royal Hansen described what he called the biggest security challenge in 10 years: “Shifting the focus of security from the technical hygiene of code and configuration to self defending data will save time and resources while unlocking rapid and safe innovation.”   Hansen is one of a handful of security experts from Google offering some insights and predictions about the next decade of security ahead of the… Source link

Bloomberg The World Economy Is Suddenly Running Low on Everything (Bloomberg) — A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today, on the rebound, it’s companies furiously trying to stock up. Mattress producers to car manufacturers to aluminum foil makers are buying more material than they need to survive the breakneck speed at which demand for goods is recovering and assuage that primal fear of running out. The… Source link

In a Google Office Hours hangout someone related that their rankings disappeared after advertising on Google Ads. They said that their rankings returned after they stopped the advertising. The person asked what could explain these events? The person asking the question acknowledged that Google Ads is not supposed to affect organic rankings. So the question was really about what could have affected the outcome. Mueller explained the separation between the search and Pay Per Click (PPC) then… Source link

Bloomberg The World Economy Is Suddenly Running Low on Everything (Bloomberg) — A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today, on the rebound, it’s companies furiously trying to stock up. Mattress producers to car manufacturers to aluminum foil makers are buying more material than they need to survive the breakneck speed at which demand for goods is recovering and assuage that primal fear of running out. The… Source link

The Google IO event is scheduled to be held this year from May 18-20 after a hiatus of one year in the wake of the COVID-19 pandemic.  The event, to be held online this year, is essentially an annual developer conference but it is also famous around the globe for the announcements of new Google devices and software updates.    …and we’re back:) Join us May 18-20 for #GoogleIO live, online, and free for everyone. https://t.co/763eVjWpYE pic.twitter.com/Sk3tUnLme0 — Sundar Pichai… Source link

(Bloomberg) — European stocks were little changed on Monday as gains in automakers offset declines in energy shares, while Asian equities were mixed amid a spike in Covid-19 cases. The Stoxx Europe 600 Index traded modestly lower, with Ryanair Holdings Plc among the gainers after the airline pointed to a strong recovery in the second half. Stocks in Asia were mixed, as shares in Taiwan fell as the country raced to contain its worst outbreak of the coronavirus. U.S. equity futures slipped… Source link

Axios AT&T spins off WarnerMedia, forming new media behemoth with Discovery AT&T and Discovery have agreed to create a joint venture that would house WarnerMedia’s premium entertainment, sports and news assets with Discovery’s nonfiction and international entertainment and sports businesses, the companies announced Monday.Why it matters: It’s a major course correction by AT&T. The deal essentially confirms shareholder fears that the company’s $85 billion merger with Time Warner three years… Source link