Tag Archives: Happening

Google’s next I/O developer conference will kick off exactly two months from now on May 14th. Just like last year, the I/O 2024 keynote will be “broadcast in front of a limited live audience” and available for anyone to watch virtually. The Gemini bot’s image generator caused a controversy that Google CEO Sundar Pichai called “completely unacceptable” after its attempt at creating pictures showing diversity had some unintended consequences. Throw in the flubbed facts from… Source link

The imploding cryptocurrency trading firm FTX is now short billions of dollars after experiencing the crypto equivalent of a bank run. The exchange, formerly one of the world’s largest, sought bankruptcy protection last week, and its CEO and founder resigned. Hours later, the trading firm said there had been “unauthorized access” and that funds had disappeared. Analysts say hundreds of millions of dollars may have vanished. The unraveling of the once-giant exchange is sending shockwaves… Source link

Florida’s insurance market was depleted long before Hurricane Ian made landfall, with six insurers deemed insolvent this year alone. The aftermath of the most powerful storm to hit Southern Florida is expected to exacerbate the slow-moving crisis further, leaving millions of residents in the state without insurance coverage. “Terms like 100-year events and 1,000-year events really aren’t capturing what’s happening,” Craig Fugate, former FEMA director under President Obama, told Yahoo… Source link

While equities declined this week, the major fireworks were happening in the bond market, both in the US and abroad. In continuation of our series “What to do in a bear market,” Yahoo Finance asked the experts to weigh in on what’s happening in fixed income and if the traditional 60/40 [equites/bonds] portfolio is dead or alive. What just happened in bond market this week? Earlier in the week, the British pound fell to a new low against the U.S. Dollar and the U.K.’s 2-year Gilt surged… Source link

Higher pay to retain and attract employees impacted Goldman Sachs profits, and the big bank’s CEO says companies across industries are experiencing the same thing. “There is real wage inflation everywhere in the economy. Everywhere,” Goldman Sachs CEO David Solomon told analysts on the company’s fourth quarter earnings call on Tuesday. In the final quarter of 2021, the bank logged $3.2 billion in expenses associated with compensation and benefits — a 31% increase compared to the same… Source link

Cathie Wood’s $500K Bitcoin call is already happening — how to ride the wave to half a million Cathie Wood isn’t afraid to make bold predictions. Back in early 2018, the owner of Ark Invest said Tesla shares would go from $300 to $4,000 within five years — a potential upside of around 1,200%. Yet Tesla hit the target early. This January, Tesla shares surged past the $800 mark, or $4,000 on a split-adjusted basis. Pretty astounding, but Tesla may not be Wood’s most bullish call at the… Source link

Can you see the hidden characters? Russell Holly/CNET Like many folks eager to see what Google is going to announce… Source link

The Justice Department sued Google on Tuesday, accusing the company of illegally abusing its dominance in internet search in ways that harm competitors and consumers. The suit is the first antitrust action against the company, owned by Alphabet, to result from investigations by the Justice Department, Congress and 50 states and territories. State attorneys general and federal officials have also been investigating Google’s behavior in the market for online advertising. And a group of states… Source link