Business

Big Tech’s Professional Opponents Strike at Google

Months before the Justice Department filed a landmark antitrust suit against Google this week, the internet company’s adversaries hustled behind the scenes to lay the groundwork for a case. Nonprofits critical of corporate power warned lawmakers that Google illegally boxed out rivals. With mounds of documents, economists and antitrust scholars detailed to regulators and state […]

Technology

Facebook Dating lands in Europe as singles look for love in lockdown

LONDON — Facebook announced Thursday that it has expanded its dating service to Europe, a little over a year after it launched in the U.S. The platform, known simply as “Facebook Dating,” is designed to help Facebook users find partners through things they have in common such as interests, events and groups. Those wanting to […]

Airbnb teaming up with former Apple design boss Jony Ive

iQoo U1x With Triple Rear Cameras, 5,000mAh Battery Launched: Price, Specifications, and More

Technology

PayPal To Allow Cryptocurrency Buying, Selling And Shopping On Its Network

LONDON: PayPal Holdings Inc joined the cryptocurrency market on Wednesday, allowing customers to buy, sell and hold bitcoin and other virtual coins using the U.S. digital payments company’s online wallets. PayPal customers will also be able to use cryptocurrencies to shop at the 26 million merchants on its network starting in early 2021, the company […]

Ex-Google exec Tim Armstrong says company did not do ‘evil things’

Apple services success story bolstered by huge Google payments

Recent News

Economy

Fed’s Brainard calls for more stimulus from Congress amid ‘highly uneven’ recovery

Federal Reserve Governor Lael Brainard issued a call Wednesday for more fiscal support from Congress, saying that more stimulus is needed to address a recovery that so far has left out large parts of the economy. “The recovery remains highly uncertain and highly uneven—with certain sectors and groupsexperiencing substantial hardship. These disparities risk holding back […]

Economy

Mortgage demand from homebuyers falls for the fourth straight week

A worker uses a nail gun while installing trim in a home under construction at a Romanelli and Hughes Building Co. subdivision in Dublin, Ohio, July 9, 2020. Ty Wright | Bloomberg | Getty Images Homebuyer demand is incredibly strong compared with last year, but there appears to be a slight pullback this month. A […]

Economy

The GDP report next week will likely show record-breaking economic growth, but it may not help Trump

The GDP report next week will likely show record-breaking economic growth, but it may not help Trump Search quotes, news & videos Source link

Economy

Morgan Stanley on ‘blue wave’ effect on U.S. economy, Fed rate hikes

A Democratic sweep in the coming U.S. elections will likely unleash more fiscal stimulus, but it could also cause the Federal Reserve to hike interest rates earlier than expected, said a Morgan Stanley portfolio manager. The first rate hike by the Fed could be brought forward from around 2024-2025 to 2023-2024 — depending on how […]

Economy

Years of low interest rates made the current economic crisis worse, Fed’s Rosengren says

The Federal Reserve Bank of Boston’s President and CEO Eric S. Rosengren Keith Bedford | Reuters Years of low interest rates led to excessive risk taking in commercial real estate and will make the current economic downturn even more severe, Boston Federal Reserve President Eric Rosengren said Thursday. The central bank official said he expects […]

Economy

Homebuilder sentiment sets another record high in October

Contractors install shingles on the roof of a home under construction in Park City, Utah, U.S., on Friday, Aug. 14, 2020. George Frey | Bloomberg | Getty Images The nation’s homebuilders are seeing no fall chill in demand from buyers, and that has the industry more confident than ever. Builder sentiment set a record high […]

Economy

As stimulus talks falter, the U.S. economy faces growth coming to a halt

As stimulus talks falter, the U.S. economy faces growth coming to a halt SEARCH QUOTES Source link

Economy

Consumers’ ‘savings buffer’ accumulated during pandemic could help aid the economy without stimulus

A pedestrian wearing a protective mask carries a Converse Inc. shopping bag while waiting to cross a street in the Soho neighborhood of New York, on Thursday, Aug. 6, 2020. Nina Westervelt | Bloomberg | Getty Images Americans are saving more than ever during the pandemic, and Morgan Stanley says it may be enough to […]