A group of workers at Google parent Alphabet has asked the company to stop collecting data on users seeking information about abortions, according to a petition sent to Chief Executive Officer Sundar Pichai this week. The petition, signed by more than 650 workers, also called on the company to remove search results for crisis pregnancy centers, which it said were misleading to those seeking abortions. Crisis pregnancy centers are typically nonprofits that counsel women against having abortions. Source link
Read More »Trump once again says economic data is fake news
Donald Trump has assailed the government’s official economic data this summer by calling it “phony” or “fake news.” He likes to say the “actual” number for jobs statistics or the inflation rate would be much more flattering to him — and would look worse for President Joe Biden. It’s a return to form for the former president who called the unemployment rate “total fiction” during his 2016 campaign before flipping and touting that same data once he was in office. This time… Source link
Read More »China Shocks With Rate Cut as Data Show ‘Alarming’ Slowdown
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg China’s economic slowdown deepened in July due to a worsening property slump and continued coronavirus lockdowns, with an unexpected cut in interest rates unlikely to turn things around while those twin drags remain. Retail sales, industrial output and investment all slowed and missed economists estimates in July. The surveyed jobless rate for those aged… Source link
Read More »Stocks surge as investors cheer on slightly cooler CPI data
Stocks rallied Wednesday as Wall Street breathed a sigh of relief over a lower-than-expected CPI reading for July that showed inflation eased to an annual 8.5% last month. The benchmark S&P 500 jumped 2.1% while the Dow Jones Industrial Average gained 535 points, or about 1.6%, and the tech-heavy Nasdaq Composite surged 2.9%. July’s CPI report showed prices moderated last month, edging lower for the first time since early 2021 in a hopeful sign for investors that Federal Reserve officials may… Source link
Read More »Google data center explodes, causing injuries and outages
A small section inside a Google data center in western Iowa exploded late Monday night, injuring workers and bringing about temporary outages to some of Google’s most popular services including Gmail, YouTube and the Google search engine. The explosion at the data center in Council Bluffs, Iowa, caused injuries to three employees, local officials said. “Three workers were accessing an electrical cabinet when there was an arc flash that resulted in all three being burned,” Justin James,… Source link
Read More »Stocks rise amid busy week of inflation data
U.S. stocks opened higher Monday as investors approached the final stretch of earnings season and braced for a busy week of inflation data. The S&P 500 climbed 0.5% after the benchmark index logged three straight weeks of gains despite modest losses on Friday. The Dow Jones Industrial Average added 180 points, or 0.6%, and the tech-heavy Nasdaq Composite advanced 0.3%. The moves come after stocks finished mixed in Friday’s session after a blowout employment report showed the U.S. economy added… Source link
Read More »Recent economic data have been the Fed’s ‘worst nightmare,’ economist says
The economy is looking pretty dreadful, and that won’t make the Federal Reserve’s job any easier as it tries to engineer a soft economic landing, one top Wall Street economist warns. “I would say that the recent economic data have been central banks’ worst nightmare,” said Citi Global Chief Economist Nathan Sheets on Yahoo Finance Live (video above). “On the one hand, I would say there is very clear evidence of a slowing in global demand. And on the other hand, there is also clear evidence… Source link
Read More »Stocks slip to start August lower amid earnings, data deluge
U.S. stocks fell Monday in a choppy start to August trading as Wall Street struggled to sustain July’s momentum. The S&P 500 and Dow Jones Industrial Average each fell roughly 0.3%, while the Nasdaq Composite held near breakeven. Investors mulled a flurry of data early in the session that showed manufacturing activity expanded at the slowest pace in more than two years. The Institute for Supply Management’s gauge of factory activity retreated to 52.8 from 53 a month earlier, marking the… Source link
Read More »New data suggests the CDC’s COVID guidance to isolate for 5 days after testing positive is wrong. You should follow Joe Biden’s example instead
Five days. That’s how long you should isolate after testing positive for COVID before going back to normal life (while wearing a mask in public for five more days), according to the U.S. Centers for Disease Control. The CDC’s five-day quarantine policy for COVID cases is not law, but families, human resource departments, schools, and other institutions across the country depend on its advice for deciding how to return to normal life after a COVID infection. Scientists have questioned the… Source link
Read More »Google under scrutiny over pledge to protect abortion location data | Google
Google’s promise to protect the location history of users who visit abortion clinics is coming under scrutiny after researchers found that a user who had brief access to another user’s Android phone – such as a boyfriend logging into his girlfriend’s phone – could then relatively easily monitor the user’s movements. The finding by Tech Transparency Project, a research arm of the nonprofit Campaign for Accountability, comes weeks after Google announced in a blogpost that it would… Source link
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