Tag Archives: time

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

Not long ago, Todd Gurley was the most electric running back in the NFL. Last season at 27 years old, he didn’t play a down while his former Los Angeles Rams won their first Super Bowl since returning to California. He enjoyed the show. But Gurley says that he doesn’t wish that he was on the field. “There was never not one time where I watched a game and was like, ‘I wish I was out there,’” Gurley recently told NBC. “I appreciated my time in the league, and I’ve done things I could have… Source link

Netflix (NFLX) has some work to do. Earlier this week, the company confirmed to Yahoo Finance that it will be laying off about 150 positions of the streamer’s 11,000 workforce in an effort to reduce spending and offset slowing revenue growth. “As we explained on earnings, our slowing revenue growth means we are also having to slow our cost growth as a company. So sadly, we are letting around 150 employees go today, mostly U.S.-based,” a Netflix spokesperson said in a statement. “These changes… Source link

Warren Buffett says these are the best stocks to own when inflation spikes — with consumer prices still surging, it’s time to follow his lead Price levels continue to rise at a rate we haven’t seen in decades. In April, U.S. consumer prices surged 8.3% — down slightly from 8.5% in March, but still near 40-year highs. Spiking inflation has severe consequences for your cash savings. Fortunately, investing legend Warren Buffett has plenty of advice on what to own when consumer prices… Source link

Goldman Sachs emerged as one of the strongest advocates of a post-pandemic return to the office this year, but the fight for talent could be forcing the investment bank to reverse course and offer employees more time away from their desks instead. In an internal memo seen by the Financial Times, the investment bank said it would offer junior staff a minimum of two extra days off each year. But senior staff will get an even bigger perk—one more commonly associated with Silicon Valley than… Source link

President Biden on Wednesday announced new efforts that he says will help American farmers mitigate some of the effects of Russia’s war in Ukraine on the food supply. As part of a trip to Illinois, the White House announced three new initiatives it says will support farmers, including $500 million for domestic fertilizer production. The effort comes as overall inflation remained near a 40-year-high in April, largely driven by food prices. The food index has risen 9.4% over last year and Source link