U.S. stocks rose Thursday morning as investors attempted to stymie this week’s losing streak across equity markets from stretching into another day as rate jitters and recession chatter hamper a seasonally bullish period for Wall Street. The S&P 500 (^GSPC) climbed 0.4% while the Dow Jones Industrial Average (^DJI) bounced 130 points, or also about 0.4%. The technology-focused Nasdaq Composite (^IXIC) advanced by the same margin. Renewed concerns over a sustained span of higher interest rates… Source link
Read More »How Google’s Waze changed from its early days as car travel is remade
Waze app with icon showing police Source: Waze In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. Nobody enjoys sitting in bumper-to-bumper traffic jams, getting an arrival time delayed due to street construction and gaining more road rage by the minute as a result. Waze, the crowdsourcing navigation app, is continuing to find ways to make frustrating road bumps a little more bearable. Waze users – also known as “Wazers” – provide… Source link
Read More »U.S. to announce oil price cap in coming days, Treasury official says
The U.S. on Tuesday released detailed guidelines on how to legally participate in trading or financing Russian oil, days away from announcing an official price cap, according to a senior Treasury official who previewed the guidelines. The U.S. has joined forces with the G-7, European Union, and Australia to ban imports on Russian oil, part of sanctions the U.S. and other nations have rolled out since Russia’s invasion of Ukraine. The countries have also agreed to fashion a price cap on… Source link
Read More »Krispy Kreme CEO on McDonald’s test: ‘It’s really early days’
McDonalds’ customers may be able to order a Big Mac with a side of large fries, and one original glazed Krispy Kreme doughnut in the future. In late October, the two consumer giants kicked off the “unique” partnership. Both McDonald’s and Krispy Kreme are currently conducting a small operations test at nine McDonald’s restaurants in Louisville, KY, and surrounding areas. Krispy Kreme CEO Mike Tattersfield told Yahoo Finance the collaboration is only in its early stages. “It’s really early days,… Source link
Read More »Google’s AI flood prediction tool can forecast 7 days out, up from 2
Google says its A.I.-powered flood prediction program, the Flood Forecasting Initiative it first rolled out in 2018, can now issue life-saving forecasts seven days in advance, up from 48 hours. “Considering the importance and harms of flooding now, with tens of thousands of fatalities a year and hundreds of millions of people affected, there has been a really major gap in the availability of reliable and actionable flood forecasting systems,” says Sella Nevo, the lead engineer on… Source link
Read More »Google’s AI flood prediction tool can forecast 7 days out, up from 2
Google says its A.I.-powered flood prediction program, the Flood Forecasting Initiative it first rolled out in 2018, can now issue life-saving forecasts seven days in advance, up from 48 hours. “Considering the importance and harms of flooding now, with tens of thousands of fatalities a year and hundreds of millions of people affected, there has been a really major gap in the availability of reliable and actionable flood forecasting systems,” says Sella Nevo, the lead engineer on… Source link
Read More »Stocks soar after back-to-back losing days
U.S. stocks rallied Wednesday, recovering this week’s losses as investors barreled through the earnings season and weighed upbeat economic data out of the services sector. The S&P 500 jumped 1.6%, and the Dow Jones Industrial Average gained 450 points, or roughly 1.4%. The tech-heavy Nasdaq Composite surged 2.6%. Bonds also pushed forward after hawkish Fedspeak Tuesday, with the benchmark 10-year Treasury yield near 2.8% and the 2-year yield topping 3.1%. Economic data out Wednesday that showed… 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 »Resetting the market 10 days later, starting with Deandre Ayton
Much of the NBA’s summer business is done, save for the whole Kevin Durant thing. One of the 15 greatest players in the history of basketball requesting a trade as free agency opens has a tendency to muck up the process, but everyone else still plunged forward with billions of dollars worth of contracts. All-Stars Bradley Beal, Devin Booker, Darius Garland, Nikola Jokic, Zach LaVine, Ja Morant, Karl-Anthony Towns and Zion Williamson signed deals that could net them a combined $2 billion by… Source link
Read More »Cameron Diaz thinks she was once a drug mule in her modeling days
Cameron Diaz shared that she believes she unwittingly served as a drug “mule” while attempting to start a modeling career in Paris. Eager to see the world and able to save up for a Paris apartment thanks to catalog modeling work she’d done back home in California, the future star moved abroad as a young woman in hopes of making it big as a model. But, as she shared on the Second Life podcast last week, she now suspects that the only modeling job she got was actually a cover for transporting… Source link
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