Housing correction is ‘dead ahead,’ warns Moody’s chief economist Mark Zandi — here’s how he sees things playing out over the next several months Existing home sales showed a 5.4% decline in June from May, but prices remain elevated, according to the National Association of Realtors. The median sale price of existing homes in the U.S. set a new record high of $416,000 in June, marking a 13.4% increase from a year ago. Yet for those continuing to watch these rising home prices, chief… Source link
Read More »Google allowed sanctioned Russian ad company to harvest user data for months
ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox. The day after Russia’s February invasion of Ukraine, Senate Intelligence Committee Chairman Mark Warner sent a letter to Google warning it to be on alert for “exploitation of your platform by Russia and Russian-linked entities,” and calling on the company to audit… Source link
Read More »Google-backed Glance to launch in US within two months – TechCrunch
Glance, a subsidiary of adtech giant InMobi Group, is planning to launch its lock screen platform on Android smartphones in the U.S. within two months, a source familiar with the matter told TechCrunch. The startup is engaging with wireless carriers in the U.S. for partnerships and is gearing up to launch on several smartphone models by next month, the source said, requesting anonymity as the deliberations are ongoing and private. Glance, valued at around $2… Source link
Read More »Google Let Sberbank-Owned RuTarget Harvest User Data for Months — ProPublica
ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they’re published. The day after Russia’s February invasion of Ukraine, Senate Intelligence Committee Chairman Mark Warner sent a letter to Google… Source link
Read More »Google Let Sberbank-Owned RuTarget Harvest User Data for Months — ProPublica
ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they’re published. The day after Russia’s February invasion of Ukraine, Senate Intelligence Committee Chairman Mark Warner sent a letter to Google… Source link
Read More »Brittney Griner’s detention in Russia reportedly extended by 6 months
Two things happened at Brittney Griner‘s preliminary hearing in Russia on Monday: A Moscow court set the start date for her trial for Friday and extended Griner’s detention by six more months, according to the Associated Press. This is the fourth time Griner’s pre-trial detention was moved after already being extended to Saturday before her court date was set. Now, she’ll be detained throughout the course of the trial. The Phoenix Mercury star was arrested at a Moscow airport on Feb. 17 for… Source link
Read More »Crypto giant Kraken offers 4 months’ pay for employees who don’t agree with its libertarian principles to leave
Jesse Powell is the founder and CEO of crypto exchange Kraken.Kraken Kraken’s CEO is offering four months’ pay for employees who don’t agree with his values to leave. The program is dubbed “Jet Ski,” and employees have until June 20 to take part, the New York Times reported. “We want it to feel like you are hopping on a jet ski and heading happily to your next adventure!” read a memo about the project. Kraken, one of the world’s largest cryptocurrency exchanges, will pay employees four months’… Source link
Read More »Georgetown Law professor who said Biden was picking a ‘lesser Black woman’ for Supreme Court resigns after 4 months
Ilya Shapiro.Screenshot/C-Span Ilya Shapiro tweeted that Biden would pick a “lesser Black woman” as Supreme Court justice in January. Georgetown Law reinstated his role on June 2 after an investigation and monthslong suspension. But he resigned on Monday, saying Georgetown Law “doesn’t value free speech.” A Georgetown University Law Center professor who tweeted that President Joe Biden would pick a “lesser Black woman” for the Supreme Court resigned on Monday after four months in his job. Ilya… Source link
Read More »CEO of Yandex, known as ‘Russia’s Google,’ resigns following new EU sanctions and months of boardroom chaos
Yandex’s CEO Arkady Volozh (left) speaking to Russian President Vladimir Putin (right) in 2017.Mikhail Svetlov/Getty Arkady Volozh, CEO and co-founder of Russian tech giant Yandex, stepped down on Friday. His resignation came after the EU imposed sanctions on him. Volozh is the fourth member of Yandex’s board to step down so far this year. Arkady Volozh, cofounder of Russian tech giant Yandex, has resigned as CEO and executive director of the company after the EU sanctioned him personally. The… Source link
Read More »Chip makers could flee the US in ‘months’ unless Congress acts, Commerce secretary says
After months of debate, Congress is still slow-walking a bill that would spend over $50 billion on semiconductor manufacturing. Commerce Secretary Gina Raimondo has been frustrated by the slow pace for months and upped the stakes in a new interview by saying the economic damage could soon become permanent. She says companies that may want to be in the U.S. could shift manufacturing overseas in “months [because] they have to make decisions.” During the conversation Wednesday with Yahoo… Source link
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