Tag Archives: cuts

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg Federal Reserve Bank of St. Louis President James Bullard urged policy makers to raise interest rates to 3.5% this year to bring inflation down from near a four-decade high, adding that some of those hikes could be reversed late next year or in 2024. Bullard reminded the Economic Club of Memphis on Wednesday that in late 2019, prior to the Covid-19 pandemic,… Source link

(Bloomberg) — As China’s markets gyrate following Covid outbreaks and Russia’s invasion of Ukraine, one of the nation’s best-performing macro hedge funds is bracing for more pain. Most Read from Bloomberg Shanghai Banxia Investment Management Center, which topped local rankings in 2020, has cut its stock exposure to zero in anticipation of a worsening economy and further declines in equities, founder Li Bei said. The fund, which manages more than 5 billion yuan ($785 million), has also… Source link

Google Fi is cutting the prices across its two unlimited cellular plans, in addition to adding more high-speed data (via 9to5Google). The Simply Unlimited plan has dropped from $60 / month to $50 / month for one line, while the full-featured Unlimited Plus plan now sits at $65 / month for one line, compared to its previous $70 / month price. This marks the first price cut for the Unlimited Plus and Simply Unlimited plans since their debuts in 2019 and 2021, respectively. The cheaper cost… Source link

After a prolonged back and forth, Congress passed a $1.5 trillion government spending bill last week but dropped from the final package $22.5 billion in pandemic relief that Democrats wanted to include. On Tuesday, the same day as President Joe Biden signed the 2,741-page bill into law, his aides warned that the omission could “have severe consequences as we will not be equipped to deal with a future surge.” The U.S. could soon run out of funding for COVID responses such as booster shots,… Source link

Google Cloud has confirmed to CRN that the company is reorganizing to save money, eliminating and reshuffling dozens of roles in its support teams. In a statmeent to CRN, a Google Cloud spokesperson said that the reshuffling is in line with the company’s frequent evaluations for how it supports customers. “As Google Cloud grows, we frequently evaluate our approach to providing the best service and support for our customers,” according to the statement. “The changes announced… Source link

More than 150 million Google users have seen their chance of compromise drop by half following the adoption of two-step verification, a process where users logging in to a Google service will be asked to respond to a push notification sent to a second device, the company said today. The result is an early sign that Google’s effort to boost the overall security of its user base and protect accounts from compromise is paying off. Over the past six months or so, Google has turned on the… Source link

By Matthew Perlman (January 21, 2022, 5:08 PM EST) — Amid debate among U.S. lawmakers over legislation that would bar large technology platforms from favoring their own products and services, Russia’s antitrust watchdog has entered a settlement with internet giant Yandex requiring the company to end similar practices. The Federal Antimonopoly Service said in a statement issued on Wednesday in Russian that Yandex has agreed to a settlement ending the agency’s case against it, alleging… Source link

By Deena Beasley    Nov 5 (Reuters) – A trial of Pfizer Inc’s experimental antiviral pill for COVID-19 was stopped early after the drug was shown to cut by 89% the chances of hospitalization or death for adults at risk of developing severe disease, the company said on Friday.    The results appear to surpass those seen with Merck & Co Inc’s pill molnupiravir, which was shown last month to halve the likelihood of dying or being hospitalized for COVID-19 patients also at high risk of serious… Source link

In this photo illustration the Duolingo logo seen displayed on a smartphone. Rafael Henrique | LightRocket | Getty Images Shares of app developers like Bumble, Duolingo and Roblox rose on Thursday after Google said it would reduce the company’s cut from subscriptions on its Android app store. The change by Google would cut the commission on recurring subscriptions through the Google Play store from 30% to 15%, a move that could significantly reduce costs for any company that makes a lot of… Source link

Getty Effective Jan. 1, Google is decreasing the service fee it… Source link