Technology
Google says it’s raising employee pay through performance review revamp
Sundar Pichai, Google CEO David Paul Morris | Bloomberg | Getty Images Google is overhauling its performance evaluation process, implementing changes that will result in increased salaries, as the company tries to ease tension between employees and leadership on the issue of compensation. Starting this week, Google is using a new process for performance reviews […]
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Nasdaq records first five-week losing streak since 2012
Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 19, 2020 at Wall Street in New York City. – US stocks open mixed, Dow -0.4%, Nasdaq +0.1% (Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images) JOHANNES EISELE | AFP | Getty Images The Nasdaq Composite fell […]
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Elon Musk denies claim by Truth Social boss that Trump encouraged him to buy Twitter
Elon Musk, CEO of Tesla, speaks to media representatives at the Tesla Gigafactory construction site In Grünheide near Berlin, September 3, 2020. Julian Stähle | picture alliance via Getty Images Elon Musk on Friday flatly denied a claim by the head of ex-President Donald Trump’s new social media company that Trump had encouraged Musk’s bid […]
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Google’s cloud group forms Web3 team to capitalize on booming popularity of crypto
Thomas Kurian, chief executive officer of cloud services at Google LLC, speaks during the Google Cloud Next event in San Francisco on April 9, 2019. Michael Short | Bloomberg | Getty Images Google’s cloud unit is forming a team to build services for developers running blockchain applications as the company tries to capitalize on the […]
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Nvidia didn’t tell investors enough about effects of crypto mining on its business, SEC says
A sign is posted in front of the Nvidia headquarters on May 10, 2018 in Santa Clara, California. Justin Sullivan | Getty Images Nvidia will pay $5.5 million as part of a settlement with the SEC that it did not properly inform investors about how cryptocurrency miners were stoking demand for its graphics cards. Nvidia […]
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SpaceX splashes down NASA’s Crew-3 mission, completing its sixth astronaut flight
SpaceX’s Crew Dragon capsule Endurance splashes down in the Gulf of Mexico off the coast of Tampa, Florida on May 6, 2022. NASA TV SpaceX returned the astronauts of NASA’s Crew-3 mission to Earth early Friday morning, marking the completion of its sixth human spaceflight. Crew Dragon capsule Endurance splashed down off the coast of Tampa […]
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5 things to know before the stock market opens Friday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Futures drop after worst day for Dow, Nasdaq since 2020 A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York, May 5, 2022. Andrew Kelly | Reuters U.S. stock futures […]
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Tech companies racked up over $17 billion in losses on equity investments in the first quarter
An electric Amazon delivery van from Rivian cruises down the street with the Hollywood sign in the background. Amazon The tech sell-off of 2022 accelerated in the past couple weeks, with first-quarter earnings reports highlighting challenges like inflation, supply chain shortages and the war in Ukraine. For some tech leaders, the market swoon has created […]
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Bitcoin drops nearly 10% as $126 billion is wiped off the cryptocurrency market
Bitcoin fell sharply after a sell-off of major U.S. stock indices. Bitcoin has been correlated closely to the price movement of the Nasdaq index. Luke MacGregor | Bloomberg | Getty Images Bitcoin cratered on Thursday as a major stock sell-off in the U.S. spooked the cryptocurrency market. Bitcoin was down about 9.6% at $35,743.22 on […]
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Facebook caused chaos to put pressure on Australian lawmakers, report says
The Wall Street Journal reported that Facebook purposely used a broad algorithm to block news in Australia last year, causing pages for charities, emergency services and hospitals to be affected. Rafael Henrique | SOPA Images | LightRocket | Getty Images Facebook used an algorithm it knew would affect pages beyond those of publishers in Australia […]
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