Business

As Cyberattacks Surge, Security Start-Ups Reap the Rewards

On a Friday evening in October, Mr. Chandna, the Greylock venture capitalist, introduced the chief executive of an email security company he had invested in, Abnormal Security, to another investor, he said. That investor, Venky Ganesan of Menlo Ventures, who had been pursuing a meeting with the chief executive, Evan Reiser, for months, immediately emailed […]

World News Live

Death toll in central China floods rises to 56, losses mount to $10 billion

BEIJING: The death toll from the rain-triggered unprecedented floods in central China has risen to 56 with five people reported missing and the official estimated losses totalled about $10 billion, the state media reported on Friday. The torrential rains, the heaviest in 1,000 years, have affected about three million people in Henan province and a […]

Technology

Facebook creates exec team to work on metaverse

David Paul Morris | Bloomberg | Getty Images Facebook will create a product team to work on the “metaverse,” a concept that involves creating digital worlds that multiple people can inhabit at the same time. The metaverse team will be part of Facebook’s virtual reality group, Reality Labs, executive Andrew Bosworth said in a Facebook […]

Offers on OnePlus, Xiaomi, Samsung phones priced under ₹25,000

Tesla records $23 million in bitcoin-related impairments in Q2

Technology

Motorola Edge 20’s Renders, Key Specs Tipped Ahead of Official Launch

Motorola Edge 20 will reportedly have at least two colour options – white and blue. As the name of the phone suggests, the Motorola Edge 20 will succeed the Motorola Edge from last year. Motorola Edge 20 series has been a part of the rumour mill for quite some time, and the smartphone was earlier […]

Tesla (TSLA) earnings Q2 2021

Microsoft Surface Duo 2 leaks reveal new triple camera system

Economy

Housing boom is over as new home sales fall to pandemic low

Sales of newly built homes dropped in June to the lowest level since the early days of the coronavirus pandemic in April 2020, according to data released by the U.S. Census Bureau on Monday. Sales of new single-family homes fell to an annualized rate of 676,000, 6.6% below May’s rate of 724,000 and 19.4% below […]

Economy

The bond market is torn over the potential for higher inflation and lower growth

A man wearing a protective face mask walks by 14 Wall Street in the financial district of New York, November 19, 2020. Shannon Stapleton | Reuters A volatile environment for government bonds is reflecting a highly uncertain future for the U.S. economy, pointing to both slower growth and stubborn inflation. After a burst higher earlier […]

Economy

U.S. weekly jobless claims show surprise gain, well above expectations

Weekly jobless claims unexpected moved higher last week despite hopes that the U.S. labor market is poised for a strong recovery heading into the fall. Initial filings for unemployment insurance totaled 419,000 for the week ended July 17, well above the 350,000 Dow Jones estimate and more than the upwardly revised 368,000 from the previous […]

Economy

Sales of existing homes rise slightly as more listings finally hit the market

After four straight months of declines, sales of previously owned homes rose 1.4% in June month to month to a seasonally adjust annualized rate of 5.86 million units, according to the National Association of Realtors. These sales represent closings, so they are based on contracts signed in April and May. Sales were 22.9% higher compared […]

Economy

Yellen wants debt limit raised by Aug. 2, U.S. may need ‘extraordinary measures’

Treasury Secretary Janet Yellen on Friday warned Congress that her department will need to embark on “extraordinary measures” on Aug. 2 to prevent the U.S. government from defaulting if lawmakers are unable to strike a deal to raise or extend the debt ceiling. In a letter to House Speaker Nancy Pelosi, D-Calif., Yellen put lawmakers […]

Economy

The rapid growth the U.S. economy has seen is about to hit a wall

A National Park Service worker replaces a flag at the Washington Monument which reopened today following a six month closure due to COVID-19 safety measures, in Washington U.S., July 14, 2021. Kevin Lemarque | Reuter The U.S. economy is expected to post another roaring growth spurt in the second quarter, before a slow and steady […]

Economy

Builders pull back as more homebuyers are priced out of the market

Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. Mike Blake | Reuters There are several signs in the market for newly built homes that point to a potential slowdown for the nation’s homebuilders. Data released Tuesday added to the evidence […]

Economy

Fed’s Mary Daly says tapering of bond purchases may start this year

San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. Ann Saphir | Reuters San Francisco Federal Reserve President Mary Daly told CNBC on Tuesday that a strong economic recovery will allow the central bank to slow its asset purchases, possibly near the end […]