Tag Archives: year

Michael Lin began to find his engineering role repetitive and wanted to pivot to product management.Michael Lin Michael Lin joined Netflix in 2017 as a senior software engineer. At first, he enjoyed his role. After two years, Lin wanted to go into product management but found no clear pipeline to follow. He lost motivation and eventually received his preemptive severance package in May 2021. I started working at Netflix as a senior software engineer in 2017 after leaving my job at Amazon. I was… Source link

(Bloomberg) — Federal Reserve officials agreed at their gathering this month that they need to raise interest rates in half-point steps at their next two meetings, continuing an aggressive set of moves that would leave them with flexibility to shift gears later if needed. Most Read from Bloomberg While highlighting the “strong commitment and determination” of all policy makers to restore price stability, the minutes of the May 3-4 meeting, released Wednesday, showed officials attentive to… Source link

The Federal Reserve reported financial well-being last year reached the highest levels since at least 2013, underscoring the impact of economic stimulus that also led, in part, to high inflation. About 78% of the roughly 11,000 households surveyed by the Fed reported either “doing okay” financially or “living comfortably,” the highest level seen since the Fed began the survey in 2013. The report noted that household strength was particularly high among parents, due in part to the 2021… Source link

The bloodbath in the markets this past week wrecked retail stocks, as Walmart (WMT) posted its worst week ever, falling 20%. Amid the carnage, investors piled into beaten-down names like the Ark Innovation ETF (ARKK) while shunning the best performing sector of the year. The energy sector’s stunning 47% return this year stems from soaring oil and gas prices, as WTI crude oil futures (CL=F) surged 56% this year. Still, investors have yanked $705 billion from the iShares U.S. Energy ETF (XLE)… Source link

Top economists and money managers worldwide are warning that rising consumer prices and falling economic growth are combining to form a deadly recipe for the global economy—stagflation. Some 77% of investment fund managers say they see “below-trend growth and above-trend inflation,” a.k.a stagflation, as the most likely outcome for the global economy over the next year, according to a May survey from Bank of America Global Research. That’s the highest percentage seen since August… Source link

For more than a year now, the original COVID-19 vaccines have held up remarkably well — even miraculously so — against a Greek alphabet of new variants: Alpha, Beta, Gamma, Delta. But now experts say something is changing. Since the start of 2022, the initial version of Omicron, known as BA.1, has been spinning off new sublineages — BA.2, BA.2.12.1, BA.4, BA.5 — at an alarming pace. Earlier variants did this, too. But it never really mattered, because their offshoots “had no… Source link

While Google’s I/O developer conference isn’t exclusively dedicated to the digital workplace, there are enough announcements on workplace technologies to make it worthwhile taking a deeper dive, so that will be the focus of our news wrap up this week.  Google made a number announcements this year which look liked interesting additions to any organization operating in Google environments, particularly for those operating in a hybrid environment. So with no further ado, five… Source link

What to make of the markets right now? Last week brought more losses in what’s been a volatile year for stocks. The five straight weeks of market declines marked the longest such streak in over a decade. More ominously, they came in along with a number of other disturbing data points. The April jobs numbers, released on Friday, came to 428,000 jobs added for the month, superficially strong and well above the 391,000 expected. But the labor remains depressed, and the total number of workers,… Source link

Google’s next big event is just a few days away Google I/O is just a few days away from kicking off, and we’re pretty damn excited. There’s no shortage of rumors about what to expect this year, from shiny new hardware to a look at the clearest vision yet for Android 13. Just like last year, Google I/O is a virtual event this year, so everyone can attend any talk, discussion, or keynote they’re interested in. And don’t be mistaken: there’s plenty to catch… Source link

(Bloomberg) — As China’s markets gyrate following Covid outbreaks and Russia’s invasion of Ukraine, one of the nation’s best-performing macro hedge funds is bracing for more pain. Most Read from Bloomberg Shanghai Banxia Investment Management Center, which topped local rankings in 2020, has cut its stock exposure to zero in anticipation of a worsening economy and further declines in equities, founder Li Bei said. The fund, which manages more than 5 billion yuan ($785 million), has also… Source link