(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg The Bank of Russia acted quickly to shield the nation’s $1.5 trillion economy from sweeping sanctions that hit key banks, pushed the ruble to a record low and left President Vladimir Putin unable to access much of his war chest of more than $640 billion. The central bank more than doubled its key interest rate to 20%, the highest in almost two decades, and… Source link
Read More »Google Gets Hit With Another Antitrust Complaint On The Same Day It Strikes A Privacy Sandbox Deal With The UK’s CMA – AdExchanger
What a world. On Friday of last week, over the course of less than 24 hours, the UK’s competition authority provisionally closed its investigation into the Chrome Privacy Sandbox, and, separately, a coalition of top European publishers filed an antitrust complaint in the EU accusing Google of anticompetitive digital advertising practices. Never a dull moment. Here’s a rundown of what happened. Sandbox patrol After investigating Google’s plan to phase out third-party cookies… Source link
Read More »Google hit with $20 million verdict in Nest thermostat patent trial
A Nest thermostat is installed in a home in Provo, Utah, January 15, 2014. REUTERS/George Frey Register now for FREE unlimited access to Reuters.com Register Summary Law firms Related documents Energy management company EcoFactor said Google mimics its energy-efficiency technology EcoFactor has similar cases against Amazon, Vivint, others The company and law firm names shown above are generated automatically based on the text of the article. We are improving this feature as we continue to test and… Source link
Read More »Opening Ceremony rating hit all-time low
NBC is facing a cataclysmic loss of audience for the 2022 Winter Olympics as viewership tanked for Friday’s Opening Ceremony, averaging just 16 million. It is a record low for the Opening Ceremony (20.1 million for 1988 in Calgary was the previous record) and a whopping 43 percent below the 2018 Games in South Korea that notched 28.3 million viewers despite also dealing with a less than advantageous Asian time zone for American audiences. It comes on the heels of Thursday’s ratings… Source link
Read More »Eagles hit with questionable roughing call
Tom Brady‘s hard enough to beat in the playoffs as is. When he’s getting help from officials? Good luck. The Tampa Bay Buccaneers started Sunday’s wild-card game against the Philadelphia Eagles with a touchdown on their opening drive. They may not have gained a first down if not for a questionable roughing-the-passer penalty on Eagles defensive end Derek Barnett. As Brady released an incomplete pass on Tampa Bay’s second play from scrimmage, Barnett hit the Bucs quarterback. It wasn’t late…. Source link
Read More »Ford just hit a $100 billion market cap — why its stock may crash 52%
The wins keep piling up for Ford (F). Impressive orders for the new electric F-150. Ford scion Bill Ford buying a slug of stock in a show of confidence. This week the auto giant’s market cap burst through $100 billion, while crosstown rival GM (GM) stays stuck in neutral at about $89 billion. Despite these grabby headlines, long-time auto analyst Adam Jonas of Morgan Stanley thinks Ford shares have gotten ahead of themselves. How ahead? The veteran number cruncher said in a new note he… Source link
Read More »Europe Fears Economic Hit If Russia Is Sanctioned Heavily
(Bloomberg) — Concern among some big European nations about economic fallout raises the risk of a split with the U.S. on how strongly to hit Russia with fresh sanctions if it invades Ukraine, according to people familiar with the matter. Most Read from Bloomberg Western allies are united in their desire to prevent a war as they enter high-stakes talks this week aimed at defusing tensions with Russia, warning it faces massive penalties for any incursion. Actions that have been discussed… Source link
Read More »Google and Facebook Hit With Fines for Making It Difficult to Reject Cookies
Text size Google said it would change its practices following the French ruling. Ore Huiying/Bloomberg Google… Source link
Read More »Google hit with 150 mln euro French fine for cookie breaches
A 3D printed Facebook’s new rebrand logo Meta is seen in front of displayed Google logo in this illustration taken on November 2, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register PARIS, Jan 6 (Reuters) – France’s data privacy watchdog CNIL said on Thursday it had fined Alphabet’s Google (GOOGL.O) a record 150 million euros ($169 million) for making it difficult for internet users to refuse online trackers known as cookies. Meta Platforms’… Source link
Read More »Apple hits $3 trillion market cap, becoming first company to hit the mark
Apple (AAPL) officially has a market capitalization of $3 trillion. The tech giant passed the $182.86 mark Monday, making it the first publicly traded company in history to hit such a market valuation. Shares were bouncing above and below the number during the day. Apple’s rise to a $3 trillion market cap, which is based on its stock price, comes less than two years after its market cap hit $2 trillion. Microsoft (MSFT) is also potentially on its way to the $3 trillion mark after topping $2… Source link
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