Tag Archives: cut

49ers reportedly plan to release DL Arik Armstead after he declined ‘significant’ pay cut

49ers reportedly plan to release DL Arik Armstead after he declined ‘significant’ pay cut

The San Francisco 49ers intend to release defensive lineman Arik Armstead after the two sides failed to agree on a restructured contract, according to multiple media reports. Per NBC’s Matt Maiocco, Armstead declined to take “a significant pay cut” to his scheduled salary of $17.4 million next season on the final year of his five-year, $85 million contract. He’ll hit the market as a free agent. NFL’s free agency period officially starts Wednesday. News of Armstead’s pending release arrives… Source link

Read More »

Gold rallies amid a ‘perfect storm,’ expectation Fed will cut rates

Gold rallies amid a ‘perfect storm,’ expectation Fed will cut rates

Gold hit new highs on Tuesday as investors continue to bet that major central banks will start cutting interest rates this year. On Tuesday morning gold futures (GC=F) reached a high of $2,150.50 after April contracts settled at a record $2,126.30 per ounce in the prior session. Tuesday’s intraday spot gold touched a record of $2,141.79 per ounce before paring back gains. The precious metal is considered a safe haven during times of geopolitical tensions and when interest rates decrease. While… Source link

Read More »

Over 600 Google Workers Urge the Company to Cut Ties With Israeli Tech Conference

Over 600 Google Workers Urge the Company to Cut Ties With Israeli Tech Conference

More than 600 Google workers and counting have signed a letter addressed to Google marketing leadership demanding that it drop its sponsorship of Mind the Tech, an annual conference promoting the Israeli tech industry taking place in New York this week. “Please withdraw from Mind the Tech, issue an apology, and stand with Googlers and customers who are despairing over the overwhelming loss of life in Gaza; we need Google to do better,” reads the letter, which was seen by WIRED. The two-day… Source link

Read More »

Stocks sink after Powell suggests Fed may not cut rates in March

Stocks sink after Powell suggests Fed may not cut rates in March

Paramount Global (PARA) shares skyrocketed more than 10% in early trading on Wednesday after Bloomberg reported media mogul Byron Allen made a $14.3 billion bid to buy all of Paramount’s outstanding shares. According to the report, Allen offered $28.58 each for the company’s voting shares, marking a 50% premium compared to recent trading levels, and $21.53 for non-voting shares. Including existing debt, the total value of the deal amounts to roughly $30 billion. It’s unclear how he would… Source link

Read More »

Stocks sink after Powell suggests Fed may not cut rates in March

Stocks sink after Powell suggests Fed may not cut rates in March

Paramount Global (PARA) shares skyrocketed more than 10% in early trading on Wednesday after Bloomberg reported media mogul Byron Allen made a $14.3 billion bid to buy all of Paramount’s outstanding shares. According to the report, Allen offered $28.58 each for the company’s voting shares, marking a 50% premium compared to recent trading levels, and $21.53 for non-voting shares. Including existing debt, the total value of the deal mounts to roughly $30 billion. It’s unclear how he would… Source link

Read More »

Google to cut thousands of search quality rater jobs after dropping contract with Appen

Google to cut thousands of search quality rater jobs after dropping contract with Appen

Appen, an Australian data services company that Google contracted with for a large number of its third-party search quality raters, was notified by Google that its contract is ending on March 19, 2024. Appen said it had no prior notice and the cancellation would result in a loss of $82.8m of revenue at a gross margin of 26% for the company. What search quality raters do. Google’s quality raters assess the quality of the Google search results. They do not directly influence the search… Source link

Read More »