LONDON, March 7 (Reuters Breakingviews) – Russia is turning in on itself. Sanctions have hammered Moscow-linked stocks and in New York shares in search engine Yandex (YNDX.O), , until two weeks ago the darling of the Russian technology scene, have been suspended. The trading hiatus may activate a bond repayment it can’t afford. Even if it cuts a deal with creditors, Yandex’s future looks Kremlin-controlled. The Securities and Exchange Commission suspended trading in shares of Yandex and… Source link
Read More »Government needs to ‘step up and replenish’ the recovery fund: NYC restaurant CEO
Carmine’s, the iconic Italian restaurant in the heart of New York City’s Times Square is back open for business. The bustling neighborhood mainstay timed its re-opening for the day Broadway theaters drew back their curtains for the first time in more than 18 months as a result of the coronavirus pandemic. And hungry diners packed the house — the restaurant’s 480 seats were completely booked. “There’s been a little bit of a backlog of people who want to come out and celebrate at… Source link
Read More »Protesting DoorDashers want CEO Tony Xu to ‘step up’, end ‘miserably underpaid’ work
Earlier this month, social media was set abuzz by DoorDash (DASH) drivers in California protesting outside the home of CEO Tony Xu, in an effort to push for more transparency around tips and higher wages. Roughly 50 delivery app drivers, part of the advocacy groups We Drive Progress and Gig Workers Rising, traveled caravan style to the front of Xu’s house in the Pacific Heights neighborhood of San Francisco. The incident underscored the widening gap between wealthy Silicon Valley startup… Source link
Read More »Google’s Tensor chip is only the first step toward truly great Pixel phones
Google’s Pixel 6 is shaping up to be the company’s most ambitious smartphone in years, largely due to the new, custom-designed Tensor processor, which aims to catapult Google to the forefront of the smartphone market with the power of Google’s years of machine learning experience. And Google needs it: despite the popularity of Pixels in tech circles, its phones just aren’t popular sellers in the US, barely moving the needle compared to juggernauts like Samsung and Apple or even
Read More »Facebook CEO Mark Zuckerberg ‘starting to plant the seeds’ to step down: Author
When Amazon (AMZN) Chairman Jeff Bezos stepped down as CEO earlier this month and wasted no time launching into space, some may have wondered when Facebook (FB) CEO Mark Zuckerberg would step down from the tech giant he founded. In fact, Zuckerberg is already starting to prepare for his own exit, says Cecilia Kang, a New York Times technology reporter and co-author of a new insider account of Facebook called, “An Ugly Truth: Inside Facebook’s Battle for Domination.” Kang, whose book draws on… Source link
Read More »U.S. retail sales take step back as spending pivots to services, trend remains strong
By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales dropped more than expected in May, with spending rotating back to services from goods as vaccinations allow Americans to travel and engage in other activities that had been restricted by the COVID-19 pandemic. Despite last month’s decline reported by the Commerce Department on Tuesday, the trend in retail sales remains strong. Sales in April were revised sharply up and are well above their pre-pandemic level, keeping intact… Source link
Read More »Virgin Galactic moves one step closer to commercial space flights
By Rich McKay (Reuters) – Flying at Mach 3 and reaching more than 55 miles above the Earth Saturday, British billionaire Sir Richard Branson’s private spaceship company Virgin Galactic Holdings Inc completed its first manned space flight from its new home port in New Mexico. This is a milestone in Branson’s near two-decades effort to create a commercial “spaceline” to take paying customers into outer space. Touted as the first human spaceflight from the state, Branson’s SpaceShipTwo craft… Source link
Read More »Google Nest to work with HomeKit, bringing smart home unification one step closer
According to Google, soon Nest thermostats will be compatible with competing smart home ecosystems like Apple HomeKit. Jon… Source link
Read More »Google Nest to work with HomeKit, bringing smart home unification one step closer
According to Google, soon Nest thermostats will be compatible with competing smart home ecosystems like Apple HomeKit. Jon… Source link
Read More »There’s no doubt Canada is one step ahead of the U.S.
undefined U.S. regulators are doing American investors a disservice by not authorizing cryptocurrency ETFs. There are over one dozen ETFs currently on hold in the review stage at the U.S. Securities and Exchange Commission. Meanwhile, Canadian regulators began allowing investors to buy crypto ETFs in February. “The Canadian regulators are one step ahead — there’s no doubt about it. It’s surprising to me that the SEC has also been so slow. I assume with [SEC chief Gary] Gensler now taking the… Source link
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