Here’s a rare sight: Google has been hit with a €10 million fine by Spain for serious breaches of the European Union’s General Data Protection Regulation (GDPR) which found it had passed information that could be used to identify citizens requesting deletion of their personal data under EU law, including their email address; the reasons given; and the URL claimed, to a US-based third party without a valid legal basis for this further processing. As well as being fined, Google has… Source link
Read More »In Memoriam: Yandex delivery robots, gone but not yet forgotten
They came on a Wednesday, and they came in peace. Nov. 17, 2021, marked the introduction of Yandex food delivery robots to the University of Arizona campus. They were an instant cultural phenomenon. Students couldn’t help staring at the robots as they rode past, some even stopping the automatons in their tracks by jumping in their path. “We can see huge interest… Source link
Read More »Yahoo Finance: Dave Nadig Talks Forgotten Sector Funds
As it’s been a rough ride for markets as of late, it’s important to know how investors can position themselves, given all the volatility. Dave Nadig, CIO and director of research at ETF Trends, joined the ETF Report on Yahoo Finance to discuss what’s going on so far in 2022, after a previous year featuring record inflows and what sectors look like the safest bets. As Nadig explains, after a previous year featuring nearly $900 billion in inflows, that may not be something repeatable,… Source link
Read More »Santa hasn’t forgotten Wall Street but beware 2022’s ‘landmines’: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, December 23, 2021 The rally’s intact, but for how much longer is anyone’s guess The Santa Claus Rally hasn’t been derailed after all. The North Pole’s jolliest resident — battling his way through the Omicron surge, a hawkish Federal Reserve, weaker consumer spending and the apparent demise of President Biden’s signature domestic… Source link
Read More »Google investors may have forgotten how much lawmakers want to rein in Big Tech
Over the past few years, Google owner Alphabet’s stock had lagged compared to the stellar rise of big techs like the other FAANG members and Microsoft. That’s finally starting to change. But investors might be overlooking one major problem: potential regulatory risk. Alphabet is trading near an all-time high, thanks to strong digital advertising and booming demand for its Google Cloud services. The stock has outperformed most of the other big techs during the past six months,… Source link
Read More »Google fined $670K for violating GDPR’s ‘right to be forgotten’ | Article
The APD announced the fine Tuesday as punishment for Google Belgium’s “serious breach” of the GDPR for refusing to delete search results, known as dereferencing. The fine is the largest ever levied by the APD; the previous high was a fine of €50,000 (U.S. $56,000). The public official had appealed to the APD to force Google Belgium to delete two search results after the internet giant’s subsidiary refused to do so. In response, the APD issued the fine regarding Google Belgium’s… Source link
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