(Bloomberg) — The chief executive officers of Apple Inc., Microsoft Corp. and Amazon.com Inc. plan to attend a White House meeting with President Joe Biden this week to discuss efforts by private companies to improve cybersecurity following a dramatic uptick in ransomware and online attacks over the past year. Apple’s Tim Cook, Microsoft’s Satya Nadella and Amazon’s Andy Jassy plan to attend the event scheduled for Wednesday afternoon, according to people familiar with the matter. The… Source link
Read More »97% of small-business owners won’t face income tax increase under Biden tax plan
WASHINGTON, DC – AUGUST 18: U.S. President Joe Biden delivers remarks on the COVID-19 response and the vaccination program. (Photo by Anna Moneymaker/Getty Images) Ninety-seven percent of small-business owners will not face an income tax increase if President Biden’s tax plan becomes law, according to new analysis released by the Treasury Department on Thursday. Biden is seeking to raise taxes on corporations and the wealthiest Americans to help fund a $3.5 trillion plan that would include… Source link
Read More »Google’s secret plan to organize games for play on any screen
Apple’s Mac has long been an afterthought for the video game industry, and few think of Google as a games company — despite running Android, one of the biggest game platforms in the world. But Google had a plan to change those things in October 2020, according to an explicitly confidential 70-page vision document dubbed “Games Futures.” The “need-to-know” document, which was caught up in the discovery process when Epic Games hauled Apple into court, reveals a tentative… Source link
Read More »Target clobbers Q2 earnings estimates, reveals new $15 billion stock buyback plan
Target (TGT) delivered solid results for the second quarter and joins a select few retailers — namely rival Walmart — in saying the COVID-19 Delta variant hasn’t led to a marked sales slowdown for the all-important back-to-school shopping season even as consumer confidence has begun to wane. “While the current environment remains volatile, our results over the last 18 months have proven conclusively that our team and operating model can seamlessly adapt to changes in the environment, and… Source link
Read More »Biden’s infrastructure plan is a down payment on the economy America can – and should – have
By Janet Yellen, U.S. Secretary of the Treasury For more than a generation, America has underinvested in the public goods that are the foundation of our economic growth: infrastructure, education, childcare. Our funding for them has been on a downward trajectory for nearly forty years. In 2019, it was about three-quarters of what it was in the 1970s. On Tuesday, the United States Senate began to turn the page on this unfortunate chapter in our economic history and, with two pieces of… Source link
Read More »Russia’s Yandex ups 2021 e-commerce investment plan after strong Q2
Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here. By Alexander Marrow MOSCOW (Reuters) -Russian internet giant Yandex said on Wednesday it intends to spend around $650 million on e-commerce initiatives this year, more than previously planned, after reporting strong second-quarter results and upgrading its 2021 revenue forecast. Group revenue this year should now be between 330 and 340 billion roubles ($4.49-$4.63 billion),… Source link
Read More »Russia’s Yandex ups 2021 e-commerce investment plan to $650 mln -CFO
MOSCOW, July 28 (Reuters) – Russian internet firm Yandex plans to invest around $650 million in e-commerce projects this year, Chief Financial Officer Svetlana Demyashkevich said on Wednesday, higher than the previous plan of $400-500 million. Demyashkevich said Yandex, which reported strong second-quarter results earlier on Wednesday, was committed to allocating substantial capital in its e-commerce initiatives, but said providing a specific figure for next year and beyond was hard…. Source link
Read More »Russia’s Yandex ups 2021 e-commerce investment plan to $650 mln -CFO
MOSCOW, July 28 (Reuters) – Russian internet firm Yandex plans to invest around $650 million in e-commerce projects this year, Chief Financial Officer Svetlana Demyashkevich said on Wednesday, higher than the previous plan of $400-500 million. Demyashkevich said Yandex, which reported strong second-quarter results earlier on Wednesday, was committed to allocating substantial capital in its e-commerce initiatives, but said providing a specific figure for next year and beyond was hard…. Source link
Read More »Russia’s Yandex ups 2021 e-commerce investment plan to $650 mln -CFO
MOSCOW, July 28 (Reuters) – Russian internet firm Yandex plans to invest around $650 million in e-commerce projects this year, Chief Financial Officer Svetlana Demyashkevich said on Wednesday, higher than the previous plan of $400-500 million. Demyashkevich said Yandex, which reported strong second-quarter results earlier on Wednesday, was committed to allocating substantial capital in its e-commerce initiatives, but said providing a specific figure for next year and beyond was hard…. Source link
Read More »UPDATE 2-Russia’s Yandex ups 2021 e-commerce investment plan after strong Q2
(Releads on e-commerce investment) By Alexander Marrow MOSCOW, July 28 (Reuters) – Russian internet giant Yandex said on Wednesday it intends to spend around $650 million on e-commerce initiatives this year, more than previously planned, after reporting strong second-quarter results and upgrading its 2021 revenue forecast. Group revenue this year should now be between 330 and 340 billion roubles ($4.49-$4.63 billion), Yandex said, up from 315-330 billion roubles previously. Second-quarter… Source link
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