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As the worst of the COVID-19 pandemic subsides, CEOs would be wise to reflect on how they reacted to that crisis and how they could do better. But Erika James, the dean of the Wharton School, the business school at the University of Pennsylvania, recently told Yahoo Finance that leaders often fail to learn from setbacks like the pandemic. “We talk about this cycle called panic and neglect,” James told Yahoo Finance’s editor-in-chief during a recent episode of “Influencers with Andy… Source link

Chinese President Xi Jinping.Kevin Frayer/Getty Images Reuters reported that China told state-owned banks to get ready to sell dollars and buy yuan in an effort to prop up the local currency. The move could stem the yuan’s fall, as it remains on track for its largest annual loss against the dollar since 1994. A hawkish Fed has pushed the dollar to 20-year highs this year, pressuring currencies around the world. The People’s Bank of China has told major state-run banks to prepare to shed dollar… Source link

‘Probably the last rally’: Jim Rogers just warned about getting too excited over the market’s recent bump — here are the shockproof assets he likes best right now The stock market has been pummeled, and many investors are wondering when things will turn green again. According to legendary investor Jim Rogers, there is hope on the horizon — but perhaps not for long. “We had huge pessimism because of inflation and other things,” he tells ET NOW. “Now it looks like inflation and… Source link

From a simple Google search, strangers can dig up your phone number, physical address or other personal information. You might not want that floating around the internet — or its presence could be putting you in danger. Now, Google says it’s making it easier to request that information be removed from search results. A new shortcut, which Google teased in May, is rolling out in its app and next to search results in the United States during the next two weeks. Before, you could request the… Source link

Battered investors hoping for a reprieve from the teeth of the bear market may have to wait until early 2023. That’s the blunt assessment from Pimco portfolio manager Erin Browne. “I think it [the bear market] will continue into the first quarter of next year because the Fed is going to keep hiking [rates],” Browne warned on Yahoo Finance Live (video above). “And so it’s hard to have with any certainty right now what next year will bring.” That’s hardly welcome analysis in what has been a… Source link

A new ride-hailing app operated by Russia’s answer to Google has hit the road in Dubai after a trial. Yango, part of web and search engine portal Yandex, launched in Dubai on Thursday. Commuters can use the service by downloading the Yango app available on App Store and Google Play. A trial began two weeks ago, with the company saying it saw “good demand” for a permanent roll-out. Dubai is one of the most influential economic centres of the region attracting investments and people from all… Source link

ATHENS, Sept 29 (Reuters) – Alphabet Inc’s Google will set up its first cloud region in Greece, the company said on Thursday, giving a boost to the country’s efforts to become a world cloud computing hub. The deal is estimated to contribute some 2.2 billion euros ($2.13 billion) to Greece’s economic output and create some 20,000 jobs by 2030, Prime Minister Kyriakos Mitsotakis said. Since taking office in 2019, Mitsotakis’s conservative government has stepped up moves to diversify the economy… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, September 29, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. The Dow Jones Industrial Average (^DJI) rallied Wednesday — putting in its best showing in two months — on the back of a massive, risk-on reversal in global bond and currency markets. The U.S…. Source link

Starbucks (SBUX): The coffee giant increased its quarterly dividend to 53 cents per share from 49 cents, effective November 25, 2022 to shareholders on record November 11, 2022. Starbucks initiated its dividend in 2010 and has increased it every year since. Vail Resorts (MTN): The company’s loss narrowed in its fiscal fourth quarter and sales topped Wall Street’s expectations, sending shares higher in extended trading. Revenue for the quarter totaled $267.1 million, up 31% from a year… Source link

Google has set its sights on becoming the backbone of Web3. While it might come as a surprise to Web3 natives, Richard Widmann—Google’s head of strategy, Web3, and cloud—sees the Web2 giant as ideologically aligned with many of crypto’s core values, including open-source development and decentralization.  Prior to jumping headfirst into Google’s crypto initiatives, Widmann worked as legal counsel for the trillion-dollar tech company and also has a background in securities law. At the… Source link