Tag Archives: Theyre

In 1939, the Dongs, a Chinese American family in Coronado, California, found themselves unable to rent a house amid racially restrictive housing laws that favored white buyers and renters. Emma and Gus Thompson, a Black entrepreneurial couple in town, allowed the family to rent and eventually buy their Coronado property when nobody else would. Now, to thank the Thompsons for helping them get a toehold in American society, the Dongs are donating $5 million to Black college students using… Source link

Nvidia (NVDA) is the AI king. Its share of the global AI chip market is estimated at anywhere between 70% and 90%. Its high-powered graphics processors, which are perfect for training AI models and putting them to work, are in such demand that getting them is a task all its own. In June, with the AI craze in full swing, Nvidia’s market cap eclipsed the $1 trillion mark. And on Friday, shares of the company hit an all-time high of $549.91. It’s not just Nvidia’s hardware that helps it… Source link

Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. Stephen Lam | Reuters As industry-wide layoffs hit bigger tech names, some Google workers worry they’re next. While Google has so far avoided the widespread job cuts that have hit tech companies, particularly those supported by a slumping ad market, internal anxiety is on the rise, according to documents viewed by CNBC and employees who spoke on the condition… Source link

Five years ago, following the death of a friend and bandmate, David Barberá decided to pay for a Google Drive cloud account. He wanted to store music files so that his friend’s children would one day hear how their father played. “So I signed up for the Google Drive service,” he says. “It was the safest thing that occurred to me so that Javi’s music would not be lost, as the children were very young then.” Barberá, a 46-year-old high school teacher from Valencia, in eastern… Source link

Twitter CEO Parag Agrawal (left) is at loggerheads with Elon Musk over the Tesla CEO’s proposed $44 billion takeover.Kevin Dietsch/Getty Images, Andrew Kelly/Reuters Twitter CFO Ned Segal warned employees Friday their bonuses could be half the maximum, per The NYT. Segal said the company’s bonus pool was at 50% of where it could be if financial targets were being hit, per The NYT. Twitter employees’ bonuses are tied to the company’s financial performance, which has declined of late. Twitter told… Source link

‘How quickly the tables have turned’: Falling mortgage rates have homebuyers so emboldened they’re asking sellers for cash After a string of steady increases, mortgage rates fell this week — a mixed blessing for the fragile U.S. economy. The lower rate on a 30-year fixed mortgage is a relief for home shoppers who have been watching rates climb, but it’s also a sign that a recession could very well be around the corner as the market slows. Rates tend to mirror 10-year Treasury yields,… Source link

Tobacco companies will be forced to reduce nicotine in cigarettes sold in the U.S. to nonaddictive, or minimally addictive, levels, if the Biden administration has its way. The policy could be announced as early as this coming week, The Wall Street Journal reported Friday. But it likely won’t take effect for several years. The U.S. Food and Drug administration would have to draft a proposed rule and open it for public comment. After it published the rule, tobacco companies could sue, delaying… Source link

This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Wednesday, June 8, 2022 The tech giant is listening to customers a lot more Apple (APPL) is famous for trying to anticipate its customers’ desires. And that tactic has obviously paid off. However, during its annual Worldwide Developers Conference (WWDC) Monday, the company rolled out a new… Source link

Elon Musk.HANNIBAL HANSCHKE /Getty Images Elon Musk polled his Twitter followers on whether they distrusted billionaires or politicians more. He then asked Rep. Alexandria Ocasio-Cortez to do the same, writing, “I dare you” to do so. Musk and Ocasio-Cortez have clashed on other topics such as unionization and free speech. On Thursday, Tesla CEO Elon Musk dared Rep. Alexandria Ocasio-Cortez to poll her Twitter followers on whether they distrusted billionaires or politicians more. “Who do you trust… Source link

Oil prices are perched at 14-year highs, which has also driven a gallon of regular gas above $4, stoking new inflationary fears and pressuring already sticker-shocked consumers. And with the U.S. now moving to curtail Russian oil imports — and leaning on allies to do the same — as punishment for invading Ukraine, it’s not just the absolute price level that has market watchers concerned. “It’s just the speed of this move [that’s] concerning because it wipes out people in certain areas,”… Source link