U.S. stocks elbowed their way past an earnings miss from Amazon to charge higher Friday, boosted by an Apple beat that helped offset some concerns from a a rough week of third-quarter Big Tech results. The S&P 500 (^GSPC) gained 1.6%, while the Dow Jones Industrial Average (^DJI) bounced nearly 600 points, or 1.8%. The tech-heavy Nasdaq Composite (^IXI) rose 1.7%. The moves came as Treasury yields charged back above 4%. On the economic data front, the Federal Reserve’s preferred inflation… Source link
Read More »Twitter expands recommendations push with new tests
RIYADH: Mental health is still often considered a taboo subject in the region and across the world, with explanations ranging from the superstitious to the criminal, but it is now being highlighted and normalized by Saudi filmmakers with their movies and television shows. In her most recent work, Saudi writer, director, and actress Sarah Taibah packs a collection of laughs, empathy, and thought-provoking elements into the TV series “Jameel Jeddan.” The show is a coming-of-age story… Source link
Read More »India’s Reliance to develop new smartphone with Google in $25 bln 5G push
Commuters are reflected on an advertisement of Reliance Industries’ Jio telecoms unit, at a bus stop in Mumbai, India, February 21, 2017. REUTERS/Shailesh Andrade Register now for FREE unlimited access to Reuters.com Register Reliance plans 5G push to take on rivals in India Partners with Google to make new phone Intends to launch new consumer goods business Ambani says children taking leadership roles, being mentored NEW DELHI, Aug 29 (Reuters) – India’s telecom leader Reliance (RELI.NS) said on… Source link
Read More »Google backs federal review board’s Log4j, open source security push
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Google is backing efforts to improve the security of open source software, building on the Cyber Safety Review Board’s analysis of the Log4j vulnerability… Source link
Read More »Fake copyright complaints push IcedID malware using Yandex Forms
Website owners are being targeted with fake copyright infringement complaints that utilize Yandex Forms to distribute the IcedID banking malware. For over a year, threat actors tracked as TA578 have been conducting these attacks where they use a website’s contact page to send legal threats to convince recipients to download a report of the offending material. These reports allegedly contain proof of DDoS attacks or copyrighted material used without permission but instead infect a target’s… Source link
Read More »Ben Silbermann: Pinterest CEO steps down, Google executive to take over in e-commerce push
The news sent the company’s shares 9% higher in extended trading on Tuesday and underscored a shift in focus at Pinterest to e-commerce initiatives from its advertising-based business model. In Ready, 42, the company gets an executive who for the past two years ran commerce and payment operations at the Alphabet Inc-owned search giant. Ready has also held senior leadership roles at PayPal. His appointment brings to an end Silbermann’s 12-year tenure as CEO, which began when he co-founded the… Source link
Read More »$3 trillion in savings may push the Fed to keep raising rates: economist
Americans were sitting on $815.3 billion worth of savings as of April. This may be good news for consumers individually, but bad news for the Federal Reserve, whose efforts to slow inflation could be delayed by this extra pile of cash lying around. “The problem is there is so much cash on household sector balance sheets and corporate sector balance sheets that it’s going to take more rate hikes to slow the economy down, simply because the starting point is a level of cash that is much higher… Source link
Read More »Stock fall as bond yields push higher
U.S. stocks extended losses early Thursday as bond yields charged forward. The moves followed data on the labor market that disappointed before the open and confirmation from the European Central Bank of its intention to raise interest rates next month. The S&P 500, Dow Jones Industrial Average, and Nasdaq each fell roughly 0.5% at the start of trading. Weekly filings for unemployment insurance totaled 229,000 last week, the most since January, and a sign of potential stress building in the… Source link
Read More »EU Leaders Back Push to Ban Most Russia Oil Over Putin’s War
(Bloomberg) — European Union leaders agreed to pursue a partial ban on Russian oil, paving the way for a sixth package of sanctions to punish Russia and its president, Vladimir Putin, for the invasion of Ukraine. Most Read from Bloomberg The sanctions would forbid the purchase of crude oil and petroleum products from Russia delivered to member states by sea but include a temporary exemption for pipeline crude, European Council President Charles Michel said late Monday during a summit in… Source link
Read More »Is Google Making Another Push Into Ecommerce?
A report from Bloomberg suggests Google getting ready to take another run at retail giant Amazon with a renewed determination to conquer ecommerce. Ecommerce is a “division [Google] has tried and failed to figure out many times before,” the report reads. If Google is getting serious about ecommerce again, why would it work out any different this time? For one, there’s a new VP in charge since the last time Google made a strong push into ecommerce. Prabhakar Raghavan, a senior Vice… Source link
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