Google parent company Alphabet announced its fifth quarter in a row of record profits ($18.9 billion) and second straight quarter of record revenue ($65.1 billion) in October, but a company executive told employees that Google wouldn’t automatically adjust their salaries to account for inflation. According to CNBC, Google’s VP of compensation Frank Wagner told employees at a company all-hands meeting on December 7th that Google doesn’t “have any plans to do any type of… Source link
Read More »Google execs tell employees they won’t raise pay to match inflation
Sundar Pichai, chief executive officer of Google Inc., speaks during the Google I/O Developers Conference in Mountain View, California, U.S., on Tuesday, May 8, 2018. David Paul Morris | Bloomberg | Getty Images Google executives are acknowledging employee concerns about rising inflation, but say they have no plans to respond with a companywide pay increase. The topic of workforce pay was addressed at a special meeting on Tuesday that was intended to focus on Google’s 2022 strategy. Ahead of… Source link
Read More »Google workers in U.S. won’t return to office as expected on Jan. 10
Google CEO Sundar Pichai speaks during the Google I/O keynote session at Shoreline Amphitheatre in Mountain View, California on May 7, 2019. Josh Edelson | AFP | Getty Images Google will not be returning to offices as expected on Jan. 10 after all, according to a companywide email sent Thursday that CNBC has seen. The company’s security VP, Chris Rackow, stated in the email to employees that it will wait until the new year to assess when U.S. offices can safely return to its “stable, long-term… Source link
Read More »Oil prices have tanked so hard traders are assuming planes won’t fly for 3 months: Goldman Sachs
Oil prices have come down way too fast on Omicron variant concerns, says Goldman Sachs oil strategist Damien Courvalin. In fact, the price correction is borderline comical, per Courvalin’s calculations. “The lack of discretionary buying activity in the face of an uncertain new COVID variant has therefore left prices in free-fall and pricing in a dire demand outlook. We estimate based on our pricing model, that the market has now priced in a mammoth c.7 mb/d [millions of barrels per day]… Source link
Read More »Best Target Black Friday deals: 24 sales you won’t want to miss
This story is part of Holiday Gift Guide 2021, our list of ideas, by topic, by recipient and by price, to help you discover the perfect gift.
Read More »Supply-chain bottlenecks won’t be resolved overnight
Target CEO Brian Cornell said the discounter is well-prepared in the lead-up to the holiday shopping season to navigate the supply-chain challenges weighing on retailers and manufacturers of all kinds. All it took was very, very careful forward planning. “We have become much more agile. We have taken the steps we have had to take,” Cornell said at Yahoo Finance’s All Markets Summit. For its part, Target ended the second quarter with inventory up $2.5 billion, compared to a year ago as it… Source link
Read More »Google, YouTube won’t allow ads or monetization of content denying climate change
The UN has said the climate change crisis is a “code red” for humanity. October 8, 2021, 5:02 PM • 6 min read Share to FacebookShare to TwitterEmail this article Google is cracking down on ads that deny climate change science after advertisers and digital creators complained about them running alongside their own content. The company also said it’s no longer going to allow content with false claims about climate change to be monetized, and that the new policy also applies to YouTube, likely… Source link
Read More »Google and YouTube say they won’t allow ads or monetized content pushing climate denial – TechCrunch
Google announced Thursday that it would no longer allow ads or monetization for content that promotes climate change denialism. The policy change will apply to publishers, advertisers and YouTube creators, who will no longer be able to make money from content that “contradicts well-established scientific consensus around the existence and causes of climate change.” Google plans to enforce the new policy with a blend of algorithmic detection and human moderation and the change will… Source link
Read More »Facebook’s latest controversies won’t hurt its bottom line
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 Facebook (FB), the world’s largest social network with nearly 3 billion daily active users, is once again awash in controversy. But that won’t deter it from continuing to gain users or generating revenue. After a series of articles by The Wall Street Journal revealed Facebook was either… Source link
Read More »Disney to release rest of 2021 slate exclusively in theaters — but it won’t be the end of streaming-first strategy
In a surprise twist, Disney (DIS) updated its 2021 release schedule, choosing to release the rest of its jam-packed slate exclusively in theaters before the films become available on Disney+. “Following the tremendous box office success of our summer films, which included five of the top eight domestic releases of the year, we are excited to update our theatrical plans for the remainder of 2021,” Kareem Daniel, Disney media and entertainment distribution chairperson, said in a news… Source link
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