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The Federal Reserve raised short-term interest rates Wednesday by a quarter percentage point, bringing its benchmark rate to a new range of 4.50% and 4.75%, the highest level since October 2007. In its statement on Wednesday, the central bank acknowledged the slowdown in inflation as the Fed continues to assess the impact its interest rate hikes have had on consumer prices over the last year. The 25 basis point rate hike marks a further slowdown in the Fed’s pace of rate increases after the… Source link

Gmail creator Paul Buchheit says Google is only one or two years away from “total disruption” due to AI chatbots. The engineer said advancements in AI like ChatGPT could make Google’s search engine irrelevant. In December, Google issued a “code red” warning because of the viral chatbot. … Source link

It’s the last day before the NHL goes on its All-Star break, so we’re about to have a few days off for the games that count, and also DFS hockey. There are only two games Wednesday, but let’s make the most out of it. Here are the players to target, and to avoid, for your DFS lineups. GOALIE Jeremy Swayman, BOS at TOR ($34): If the Bruins are swapping starts, it would be Swayman’s turn. He has a .914 save percentage, but a 2.34 GAA thanks to his team’s stout defense and penalty kill. The Maple… Source link

The mega cap stocks known as FAANG are offering rare, deep discounts since like Amazon is trading 47% off their all-time high and Meta off 62%. Similarly, Alphabet and Meta are trading significantly lower to its historical average valuation. Despite these price cuts, FAAMG comprise 17.4% of the S&P 500. We believe it’s prudent to watch these names closely, as generally speaking, they have strong balance sheets, healthy margins and defensible competitive positioning. This week, the… Source link

[unable to retrieve full-text content]Yandex Data Leak: Ranking Factors & The Myths We Found  Search Engine Journal Source link

Yandex is the search engine with majority market share in Russia and the fourth largest search engine in the world. On January 27, 2023, it suffered what is arguably one of the largest data leaks that a modern tech company has endured in many years, but is the second leak in less than a decade. In 2015, a former Yandex employee attempted to sell Yandex’s search engine code on the black market for around $30,000. The initial leak in January this year revealed 1,922 ranking factors, of which… Source link

[unable to retrieve full-text content]Google exec claims he was fired for not being ‘inclusive,’ denying Asian female colleague’s sexual advances  Yahoo Finance Source link

Simpler Trading VP of Options Danielle Shay provides insight on investing in the stock market on ‘Making Money.’ A 15-year veteran at Google filed a federal discrimination lawsuit against his former tech giant employer alleging the White man was fired for not being “inclusive” after rejecting sexual advances from an Asian female executive who repeatedly drunkenly lashed out at him at work events in New York City.  Ryan Olohan, the former Managing Director of Food, Beverage and… Source link

Opening up another front in the increasing tensions between Big Tech and Washington, the Biden administration released a new report Wednesday that outlined what they say are a host of anticompetitive practices inside the nation’s biggest mobile app stores. The report from the Department of Commerce’s National Telecommunications and Information Administration (NTIA) concluded that “the current mobile app ecosystem, and especially the current app store model, is harmful to consumers and to… Source link

Photo: chrisdorney (Shutterstock) Whaa..?? Yahoo Search claims that it’s about to reinvent the search game. Nothing could be more surprising. For the past decade or so, Yahoo has been pretty lackluster in the search department—so lackluster, in fact, that it lets Microsoft do all the searching for it. While Yahoo Search still exists, it is powered by Bing’s algorithm (via a partnership struck circa 2009). So…if you hate Bing, you probably also hate Yahoo Search. That said, Search… Source link