Lucid shares fell as much as 14% on Thursday amid a selloff in electric vehicle stocks. The high-end EV maker is falling in sympathy with Tesla (TSLA) after the industry giant warned about supply-chain challenges. Despite Tesla’s top and bottom line beat for its fourth quarter, investors are focused on product delays and parts constraints. “Our own factories have been running below capacity for several quarters as supply chain became the main limiting factor, which is likely to continue… Source link
Read More »Google warns of ‘devastating’ impact if court ruling on defamatory hyperlinks not overturned | Google
Google has warned of a “devastating” impact on the internet if a court ruling that the search giant is liable for defamatory material contained in hyperlinked pages is not overturned. Google warned in a submission to the high court it will be forced to “censor” its search results if a $40,000 defamation damages award to George Defteros, a solicitor who represented Melbourne gangland figures, is allowed to stand. Defteros successfully sued Google, arguing its publication of search… Source link
Read More »SEC’s Gensler wants crypto exchange regulation in 2022, warns on stablecoin
Securities and Exchange Commission (SEC) Chairman Gary Gensler said on Wednesday hopes this will be the year the . As lawmakers and the crypto industry’s major players , Washington’s regulatory agencies have been at the forefront of those discussions. A number of proposals are floating around Congress and the Executive branch, yet it’s unclear whether 2022 will see any of them get implemented. “You shouldn’t put timelines on yourself, but I will say I sure hope so,” Gensler told… Source link
Read More »Federal Reserve may trigger “deep corrections’ in stock market in 2022 with its actions, strategist warns
Investors should buckle up as it could get hairy this year with the Federal Reserve poised to begin lifting interest rates from rock bottom levels. “I definitely think we will experience more volatility in 2022 than what we have seen certainly over the last year, but even going back over the last decade. We started to see in 2021 volatility creep up, and I think we will see volatility creep up even further in 2022,” said Pimco portfolio manager Erin Browne on Yahoo Finance… Source link
Read More »Businesses will increasingly use “foundational” A.I. algorithms, but ethical perils remain, Google executive warns
Businesses will increasingly use “foundational” A.I. algorithms, but ethical perils remain, Google executive warns |… Source link
Read More »Stock market is ‘massively’ overvalued, warns strategist
Stocks are in a risk-off mood six trading days into the New Year for a multitude of reasons, prompting one veteran strategist to issue a blunt warning to over-enthused investors. “We have never seen equities priced quite this high. The adjusted price to earnings ratio is pushing up against 40 times. The last time we saw that was in 1999. But if you look at price to sales ratios, that’s over three times — that’s higher than what we saw in the dot com bubble,” said Tematica Research chief… Source link
Read More »Google warns 2 billion users of update that could break websites worldwide
Google has issued a warning to Chrome’s more than two billion users amid fears the browser’s forthcoming update will break a number of websites around the world. The tech giant announced the news via its Chromium Bug tracker, the codebase for Chrome, and a solution to the issue is currently nowhere in sight. It’s currently unclear what websites – and how many – are due to be… Source link
Read More »Google and Apple have ‘vice-like grip’ on UK mobiles, warns regulator | Competition and Markets Authority
Apple and Google have a “vice-like grip” over people’s mobile phones and their duopoly over the market should be investigated by the proposed new “big tech” regulator, the UK’s competition watchdog has said. The two companies effectively control users’ mobile phone experience in the UK, with Apple’s iOS and Google’s Android operating systems installed on 99.45% of all phones in use in the country. “Apple and Google have developed a vice-like grip over how we use mobile… Source link
Read More »Google warns over 1M devices have been infected in ‘Russian hack’
Google has taken action against a major hacking operation that it thinks has infected more than 1 million devices. The tech giant is coming down hard on the so-called Glupteba botnet, suing two Russians who are allegedly behind it. It’s a notorious piece of malware known for taking control of people’s Windows PCs. Crooks can then steal people’s details and data, as well as using your machine to mine cryptocurrency. At times the vicious attack was… Source link
Read More »Google warns users to improve your password NOW
GOOGLE users need to double-check their passwords in the face of phishing schemes, data grabs and other attempts to steal personal information via Gmail, Google Drive and Google Chrome activity. Because Google accounts act as a centralized hub for many users, they can be a valuable mine of data for hackers, especially when it comes to Gmail accounts that are tied to other websites. 1 Google users need to change their passwords to avoid these seven ways hackers target your account Hackers can… Source link
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