Tag Archives: Struggle

[unable to retrieve full-text content]Breakingviews – Google will struggle with Apple-generated AI query  Reuters Source link

U.S. stocks edged lower in choppy trading Wednesday, extending a downtrend that started the week as investors weigh higher interest rates and the prospect of an economic downturn against optimism around easing COVID protocols in China. The S&P 500 (^GSPC) slumped 0.3%, while the Dow Jones Industrial Average (^DJI) fell roughly 50 points, or 0.2%. The technology-heavy Nasdaq Composite (^IXIC) sank 0.7%. In commodities markets, oil extended losses to trade near $72 per barrel after a decline of… Source link

U.S. stocks edged lower in choppy trading Wednesday, extending a downtrend that started the week as investors weigh higher interest rates and the prospect of an economic downturn against optimism around easing COVID protocols in China. The S&P 500 (^GSPC) slumped 0.3%, while the Dow Jones Industrial Average (^DJI) fell roughly 50 points, or 0.2%. The technology-heavy Nasdaq Composite (^IXIC) sank 0.7%. In commodities markets, oil extended losses to trade near $72 per barrel after a decline of… Source link

Google is increasingly looking like a giant that has a hard time innovating. Driving the news: Google’s decision to shut down Stadia, its three-year-old cloud-based gaming service, marks the company’s latest failure to turn a technical breakthrough into a growing business. Why it matters: Google faces a long-term fight with the rest of Big Tech’s giants — Amazon, Apple, Microsoft and Meta — for talent and revenue. The big picture: From its earliest days Google built a culture that embraced… Source link

Bitcoin prices have been trading close to $20,000 at a time when search interest is relatively low. … [+] (Photo by Nicolas Economou/NurPhoto via Getty Images) NurPhoto via Getty Images Bitcoin prices dropped under $20,000 yesterday, reaching a roughly six-week low, and they have failed to recover since then. The digital currency briefly dipped below this key, psychological level early on August 27, according to TradingView data. Later that day, the cryptocurrency… Source link

The demise of CNN+ has led to further questions about the role of cable companies in the streaming era. The soon-to-vanish platform, once hailed as one of the most significant launches in the legacy media business, will shut down on April 30 — just one month after its launch. The news arrived shortly after David Zaslav’s takeover, with the newly formed Warner Bros. Discovery (WBD) making it abundantly clear that the venture’s reported four-year budget of $1 billion was not worth the cost. So… Source link

Stocks weakened on Wednesday in directionless trade, poised to extend the previous day’s declines as rising COVID-19 infections momentarily upending expectations about growth. In Tuesday’s regular session, the Dow Jones Industrial Average and S&P 500 Index lost ground, but the technology-laced Nasdaq bucked the trend by posting a marginal gain. The market has mostly taken disappointing news in stride, but August’s jobs data falling far short of market expectations last week tempered hopes for… Source link

A PayDepot Bitcoin ATM machine is pictured in a shop in Union City, New Jersey, US. Photo: Reuters Cryptocurrencies were broadly higher on Friday but bitcoin remains below the $50,000 (£36,462) mark amid mining difficulties. Bitcoin (BTC-USD) hit a three-month high above $50,000 on Monday. It was up 0.7% on Friday morning but was trading at $47,271. Ethereum (ETH-USD), the second biggest crypto by market cap, ticked up 0.8% to trade at $3,114. Forbes reported that “mining difficulty”, a score… Source link

The federal eviction moratorium, which has allowed struggling renters swamped by the fallout from COVID-19 to remain in their homes but left landlords mostly on the hook for unpaid rent, is starting to draw more fire from both camps. As the Delta variant drives a resurgence of cases across the country, landlords and tenants alike are speaking out about the shortcomings of the moratorium, which hasn’t resolved the fundamental issue of tenants unable to pay back rent — or property owners… Source link

As entrepreneurs navigate the changed economic landscape of the COVID-19 era, small U.S. businesses are increasingly pessimistic about the recovery — and are still scrambling to fill open jobs in a way that’s impacting their ability to function. Last week, the National Federation of Independent Businesses that its Small Business Optimism Index dropped 2.8 points in July to 99.7, reversing the gain from the previous month. Bill Dunkelberg, the NFIB’s chief economist, said in a statement… Source link