What the chip shortage means for the U.S. economy

The global computer chip shortage could have larger ramifications than making it harder to buy the latest video game console or more expensive to buy a car. According to a new Goldman Sachs (GS) note, the slowdown in chip availability could in theory smack U.S. GDP by as much as 1% in 2021. In a research note led by Goldman’s Spencer Hill, an analysis looked at the economy-wide effects of the shortage by assuming a 20% chip shortfall that lasts three quarters and affects the 169 U.S…. Source link

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$3,600 Stimulus Payments for Families to Start in July

Bloomberg FX Investors See Metals as a Way to Get In on Biden’s Trillions (Bloomberg) — As lawmakers wrangle over President Joe Biden’s latest trillion-dollar stimulus package, currency investors are already picking the winners of the infrastructure spending boom that the plan is likely to unleash.They’re focusing on countries that are major sources of the copper needed to bolster the electrical grid, the iron ore for steel rebar, and nickel for battery-powered vehicles. For those who… Source link

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Google Analytics Vulnerabilities Put Marketers At Risk

Google Analytics started life as a web server log analysis package developed by Urchin Software, which Google acquired in 2005. Google Analytics quickly came to dominate the website analytics space because it was offered for free at a time when site analytics software like Web Trends and Omniture cost hundreds of thousands of dollars. Practically all small sites and blogs adopted Google Analytics, because they could not afford anything else. Today, Google Analytics represents the vast… Source link

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The post-lockdown economic boom has ‘absolutely’ begun

JPMorgan Chase (JPM) CEO Jamie Dimon says the post-lockdown economic boom has “absolutely” begun. On a client webcast on Wednesday, the long-time bank CEO echoed his upbeat views on the U.S. economy that he recently outlined in his annual letter to JPMorgan shareholders in which he predicted an economic boom that “could easily run into 2023.” Pointing to the vaccine rollout, Dimon said on the webcast we are “lucky to have it” and people “should be happy to go back to work,” both factors that… Source link

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The SPAC craze is done for now, and it’s ‘warranted’: Goldman Sachs

RIP, SPAC (Special Purpose Acquisition Company) craze.  Going public via a SPAC became all the rage late in 2020 and into 2021 because of its relative ease versus the traditional IPO route and the fact everyone on the Street seemed to be doing it. Now the process has darn near crashed.  New research out from Goldman Sachs strategist David Kostin on Thursday shows that only six new SPAC IPOs have come to market in the second quarter of 2021. For context, Goldman notes, at this point in the… Source link

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Celebrate Earth Day 2021 with this ‘beau-tree-ful’ Google Doodle

Earth Day 2021 is here and the folks at Google hope it plants a tree in your heart with this adorable Google doodle of one family’s tree-planting legacy.  “The planet we call home continues to nurture life and inspire wonder. Our environment works hard to sustain us, which calls for us to return the favor,” Google wrote in a description. “Today’s video Doodle shows a variety of trees being planted within natural habitats, one of… Source link

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The Supreme Court issues Google v. Oracle copyright decision

The practice of using, and reusing, software interfaces written by others is common within the field of software engineering and development.  Multiple federal circuits have held that software source code, as a whole, can be copyrighted, but the question as to what extent code can be copied, particularly API code, was an unanswered question.   In its recent Google v. Oracle decision, the Supreme Court provided a modicum of clarification as to the amount of copying the declaring code used… Source link

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Google's Live Caption feature comes to Chromebooks – Yahoo Tech

The Guardian Apple and Google ‘hold data hostage’ and stifle competition, Senate told Spotify, Tile and Match aired their grievances against the companies at a Senate antitrust hearing Competitors claim to be subjected to high fees and copycat behavior in Google and Apple’s app stores. Photograph: Gonzalo Fuentes/Reuters Apple and Google “hold data hostage” from small apps and force competitors to pay high commissions, stifling their ability to compete, a number of companies said in… Source link

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Dogecoin nosedive continues but supporters are undeterred

Dogecoin has soared more than 400% in the past week and by more than 5,000% since the start of the year. Dogecoin’s price continued to fall on Thursday morning, two days after supporters celebrated ‘dogeday 4/20’, but its online community of fans remain undeterred. Dogecoin (DOGE-USD) was down 16% to $0.2822 (£0.2). On Tuesday, it had hit $0.4252 and its market capitalization briefly crossed $50bn as supporters tried to push the price to between $0.69 to $1. Every dog has its day: dogecoin… Source link

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