Tag Archives: hurting

A cryptocurrency price crash and the onset of a new so-called “crypto winter” has left many companies in the industry facing a liquidity crisis. Artur Widak | Nurphoto | Getty Images Not even Google is immune from the Crypto winter. In Alphabet’s third-quarter earnings call on Tuesday, Philipp Schindler, Google’s chief business officer, blamed a slowdown in revenue growth in part on reduced ad spending by cypto companies and other financial firms. “In the third quarter, we did see a pullback in… Source link

When the US first banned sales of certain tech products to Chinese tech firm Huawei three years ago, it crippled a once-proud national champion and sent ripples across the US semiconductor industry. In the quarters following that export ban in May 2019, top American chipmakers reported a median revenue decline of 4% to 9%. The Biden administration’s latest tech controls threaten to accelerate those losses, throwing the global semiconductor sector into disarray. And Chinese companies… Source link

I went out for pizza the other night, but had to eat it in my car. That’s because the Frank Pepe’s in Manchester, Connecticut had this sign on its door. “Attention: Dining Room closed after 4 p.m. today due to staffing shortages.” So I ate in my SUV, no problem, (the pizza was fantastic), but it made me think 1) this can’t be good for Frank Pepe’s, and 2) the note on the door is literally a sign of the times. A sign we’re living in a world where supply shortages — employees, oil,… Source link

MIAMI — At the end of the regular season for the Miami Heat, before knowing their first-round playoff opponent, a majority of the players took a surprise trip to the Bahamas for a few days. This was not a trip orchestrated by the Heat. Most teams would rather their players stay locked in the gym and in film sessions as they prepare to embark on the most important juncture of the season. Players raved about the trip, saying it was a welcomed excursion that provided a nice mental break and a… Source link

With inflation at a near 40-year high, the biggest corporations are cashing in “on the backs of the American people,” by crimping competition and raising prices, said Senator Mark Kelly (D, AZ). In Kelly’s home state of Arizona, its largest cities saw cost pressures outpace the national average last year, with inflation rising 9.7% last year in the Phoenix metro area, compared to 7%, according to data from the Bureau of Labor Statistics. “We’re at full employment [in Arizona] right now …… Source link

VALDOSTA, Ga. — Georgia Republicans are facing a dilemma at a historic turning point in their state’s politics, having to choose between loyalty to their party and loyalty to their party’s national leader — President Trump, who will be out of office next month. At least, that’s what the election results indicate, including in their own state. But many refuse to believe it. “At the end of all this, on January 20th, you will see Trump being sworn in again,” a Trump supporter who… Source link

Yesterday, the Department of Justice and 11 states sued Google for violating antitrust law. The complaint argued that Google had become “the unchallenged gateway to the internet for billions of users worldwide,” but that its success depends on unfair and monopolistic behavior. In some ways, the case is an obvious and long-awaited move. But it’s also an early test of how American antitrust law will handle the coming decade’s tech giants. Since the late 1970s, antitrust cases have… Source link