Tag Archives: billions

(Bloomberg) — The cryptocurrency aficionados’ mantra that Bitcoin is equivalent to digital gold is winning converts among the world’s biggest holders of the precious metal. In India, where households own more than 25,000 tonnes of gold, investments in crypto grew from about $200 million to nearly $40 billion in the past year, according to Chainalysis. That’s despite outright hostility toward the asset class from the central bank and a proposed trading ban. Richi Sood, a 32-year-old… Source link

Google has been the undisputed king of search for decades, with the meager attempts of Microsoft and the upstart, privacy-focused DuckDuckGo failing to coax many users away. Estimates of Google’s global search market dominance range from between 70% to 90%, though Microsoft’s Bing appears to have gained some small ground over the last couple of years. Now, as both users and regulators are increasingly demanding greater security and better privacy, the company behind the… Source link

Google has just flipped the password privacy switch for billions of users SOPA Images/LightRocket via Getty Images May has been quite the month as far as surprise Google security announcements are concerned. On World Password Day, May 6, Google’s user security director, Mark Risher, told me that the company had suddenly started rolling out two-factor authentication (2FA) automatic enrollment to users. The official confirmation appeared in a Google safety and security blog post… Source link

The king of oat milk Oatly (OTLY) has big plans on how it will spend the $1.43 billion or so it raised from a well-received IPO on Thursday.  Investors should expect an ambitious plan to expand manufacturing capacity to meet strong demand for Oatly oat milk, long-time CEO Toni Petersson said on Yahoo Finance Live.  “It’s to build supply, to build out our production capacity across the three continents,” Petersson said, referring to the use of its new capital infusion. Petersson — who has… Source link

Bloomberg As Sanjeev Gupta Rose From Trader to Tycoon, Several Banks Backed Away (Bloomberg) — British industrialist Sanjeev Gupta’s companies seemed to be prospering until his main lender, Greensill Capital, imploded last month. But long before Greensill collapsed, several banks had cut off the commodity trading business of Gupta’s Liberty House Group.Four banks stopped working with Gupta’s commodity trading business, starting in 2016, after they became concerned about what they… Source link

The servers for the Gigablast website occupy a windowless brick building on Bogan Avenue in Albuquerque, New Mexico, just off the interstate and near pawn shops and discount tyre dealers. “It’s Bogan Avenue. You’re Australian, you’ll get the joke,” said Matt Wells, founder and sole employee of the search engine Gigablast is now mostly forgotten, but there was once a time, around the turn of the millennium, when it could be mentioned in the same breath as another option: Google. A Google Street… Source link

The Justice Department says Google CEO Sundar Pichai (left) met privately with Apple chief Tim Cook in 2018 to discuss how their two companies could collaborate. Bertrand Guay/AFP via Getty Images hide caption toggle caption … Source link

NEW YORK — Two American oil giants lost more than $9 billion in the second quarter as the pandemic kept households on lockdown, cutting a gaping hole into a once-thriving business as the need for oil diminished around the world. Exxon lost $1.1 billion in the second quarter, and the Irving, Texas-based oil producer brought in $32.6 billion in revenue, less than half of what it brought in at the same time last year. Chevron Corp. lost $8.27 billion during the quarter, a sharp contrast to the… Source link