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Billionaire hedge fund manager Bill Ackman reiterated recent calls on Twitter Tuesday morning for the Federal Reserve to intervene aggressively to tame inflation. Ackman’s latest tweet comes a day after a key economic report showed U.S. consumers have the most pessimistic economic outlook in nearly a decade. “Consumer confidence is weak because of inflation, not because of the economy. Jobs are plentiful and the economy is strong,” the Pershing Square founder said in a tweet. “The Source link

55 per cent of Canadians said Trudeau has no solid plan to fight inflation and bring prices down. (Photo by JOHN MACDOUGALL/AFP via Getty Images) A majority of Canadians believe Prime Minister Justin Trudeau and Finance Minister Chrystia Freeland have “no solid plan” to tackle inflation and rein in prices, a new Yahoo/Maru Public Opinion poll has found. According to the survey of 1,515 Canadians, 55 per cent said Trudeau has no solid plan to fight inflation and bring prices down, while 20 per… Source link

US stocks fell Wednesday morning, extending Tuesday’s losses as investors remained focused on mounting signs of a slowdown in US economic growth. The S&P 500 traded lower shortly after market open, following a 2% slide in the index a day earlier. The Dow Jones Industrial Average edged lower, while the Nasdaq Composite underperformed as technology stocks remained under pressure. Bitcoin also fell, and prices briefly fell below $20,000. West Texas intermediate crude oil futures rose above $112… Source link

You’re searching for a lunch spot in an unfamiliar neighborhood, or you need a mechanic to assist with an unexpected flat tire. Where do you look? If you answered Google Maps, you’re not alone. These days, many of us are turning to Google Maps to discover local businesses and make more informed buying decisions. So how can local businesses rank higher in the place consumers are increasingly looking to purchase local products and services? Here are ten steps to take in order to rank well,… Source link

FCC Commissioner Brendan Carr wrote to Apple and Google on Tuesday, requesting the companies to remove TikTok from their app stores for “its pattern of surreptitious data practices.” This comes after BuzzFeed News reported last week that TikTok’s staff in China had access to US-based users’ data up until January. “As you know TikTok is an app that is available to millions of Americans through your app stores, and it collects vast troves of sensitive data… Source link

A leader of the U.S. Federal Communications Commission said he has asked Apple and Google to remove TikTok from their app stores over data security concerns. Pictured here is the TikTok download page on an Apple iPhone on August 7, 2020. Drew Angerer | Getty Images News | Getty Images BEIJING — A leader of the U.S. Federal Communications Commission said he has asked Apple and Google to remove TikTok from their app stores over China-related data security concerns. The wildly popular short… Source link

One of the long-expected NBA free agency deals made some headway Tuesday, and when free agency opens on Thursday, the New York Knicks are expected to present Jalen Brunson a four-year offer in the vicinity of $110 million, league sources told Yahoo Sports. The Knicks reportedly created cap space to offer Brunson that deal when they traded center Nerlens Noel and guard Alec Burks to the Detroit Pistons, clearing $19 million in salary. The Knicks also sent 2023 and 2024 second-round draft picks… Source link

The news sent the company’s shares 9% higher in extended trading on Tuesday and underscored a shift in focus at Pinterest to e-commerce initiatives from its advertising-based business model. In Ready, 42, the company gets an executive who for the past two years ran commerce and payment operations at the Alphabet Inc-owned search giant. Ready has also held senior leadership roles at PayPal. His appointment brings to an end Silbermann’s 12-year tenure as CEO, which began when he co-founded the… Source link

Global oil markets are going to be very volatile in the coming months if news emerging from OPEC’s main producers about production capacity constraints turns out to be true. OPEC will be meeting again in the coming days to discuss its export agreements, while today the oil group is presenting its Annual Statistical Bulletin (ASB) 2022. While the media is likely to be focused on rumors in the next 24 hours of a possible change in the export strategy of OPEC+, the real focus should be on… Source link

This is a significant update. Pinterest has today announced that co-founder and CEO Ben Silbermann is stepping down from his role, and shifting to a new position within the organization, with online commerce expert Bill Ready set to take over as Pinterest chief, effective June 29th, 2022.  Silberman posted an impassioned update on the Pinterest blog, noting the significance of the platform to him and his life. “As you can imagine, this was a hard decision. So much of my heart belongs to… Source link