Tag Archives: time

After having their worst start to the year ever, tech and small-cap stocks are starting to show signs of life. A shift in the market began to take hold in late June, leading to an increase of 9.11% in the S&P 500 in July. That same month, the Nasdaq (^IXIC), comprised of primarily technology stocks and small-cap companies, outpaced the S&P 500 (^GSPC), posting a gain of 12.3%. Because of that, advisors are returning to previously battered areas of the market, like technology. “It’s a good point… Source link

For decades, union membership has been on the decline. Yet in the last few months, workers have been organizing at a pace this country hasn’t seen since the Great Depression. Amazon has captured headlines for union drives at its warehouses, including a successful effort on New York’s Staten Island. But activity is picking up elsewhere in retail and tech at big companies that are generally viewed as progressive, with no history of labor unions. As of Wednesday, 209 Starbucks stores have… Source link

Intel CEO Pat Gelsinger has tasked his team with finding new cost savings as the chip giant tries to battle back from a challenging second quarter while also rebuilding the company for the future. “This is a time for a bit of austerity,” Gelsinger told Yahoo Finance on Friday (video above). “We had stuff we created over the last decade that needed to be cleaned up. It helps drive a more accelerated pace to the transformation we have under way.” Gelsinger told investors on the company’s second… Source link

Errol Musk, left, the father of the tech billionaire Elon Musk.GIANLUIGI GUERCIA / AFP) (Photo by GIANLUIGI GUERCIA/AFP via Getty Images/Dimitrios Kambouris/Getty Images for The Met Museum/Vogue Elon Musk’s father, Errol, said on an Australian radio show he wasn’t proud of his billionaire son alone. Errol said the family had done “a lot of things,” though he added Elon had “really surpassed the mark.” Errol said Elon’s younger brother, Kimbal, was his “pride and joy.” Elon Musk’s dad has said he… Source link

Bill Russell was a late bloomer. Before the college basketball accolades and a pair of national championships, before the 11 NBA titles and five MVPs, before he became the most fearsome defensive player ever and a man firmly entrenched in the conversation for the greatest player of all time, there was a gangly, 5-foot-10 kid from Oakland’s McClymonds High School who believed a job in the shipyards was in his future. There proved to be so much more. William Felton Russell died Sunday with his… Source link

Bank of Canada Governor Tiff Macklem takes part in a news conference in Ottawa, Ontario, Canada April 13, 2022. REUTERS/Blair Gable The Bank of Canada raised its benchmark rate by 100 basis points on Wednesday, a surprise move that exceeded economist expectations, as the central bank attempts to set a firehose against scorching inflation. The unexpected and supersized increase comes after two consecutive 50 basis point hikes, bringing the policy interest rate to 2.5 per cent, the highest level… Source link

(Bloomberg) — Russia defaulted on its foreign-currency sovereign debt for the first time in a century, the culmination of ever-tougher Western sanctions that shut down payment routes to overseas creditors. Most Read from Bloomberg For months, the country found paths around the penalties imposed after the Kremlin’s invasion of Ukraine. But at the end of the day on Sunday, the grace period on about $100 million of snared interest payments due May 27 expired, a deadline considered an event of… Source link

When Google told some small businesses in January that they would no longer be able to use a customized email service and other workplace apps for free, it felt like a broken promise for Richard J. Dalton Jr., a longtime user who operates a scholastic test-prep company in Vancouver, British Columbia. “They’re basically strong-arming us to switch to something paid after they got us hooked on this free service,” said Mr. Dalton, who first set up a Google work email for his business, Your… Source link

Todd and Julie Chrisley are speaking out for the first time after being found guilty of bank fraud and tax evasion earlier this month by a federal jury in Atlanta. As Yahoo Entertainment previously reported, the reality stars each face up to 30 years in prison. Though the couple told listeners of their Chrisley Confessions podcast that are unable to discuss their legal troubles, their June 17 episode did acknowledge that there’s a “lot of things going on in our lives.” “It has been a… Source link

A new dataset from Google shows the features on the surface of the Earth in near real time, the company announced Thursday. The tool, called Dynamic World, uses deep learning and satellite imagery to develop a high-resolution land cover map that shows which bits of land have features like trees, crops, or water. Land cover maps usually take a long time to produce, and there are big gaps between the time images are taken and when the data is published. They also often don’t have a… Source link