There has been a flurry a legislative activity in the U.S. in the past few days to stop Google and other big tech firms from using their market power to self-promote their own products, and to break up Google’s advertising businesses, but their outcome is uncertain, and the potential impact would be extremely complex to […]
Alphabet’s Waymo autonomous-car unit is preparing to dip its toes into one of the biggest and most challenging ridehailing markets there is: The ride to and from the airport. Waymo is planning to test service between Phoenix Sky Harbor International Airport and downtown, the company said at a TechCrunch conference last week. Initially, its driverless […]
In 2022, plenty of investors headed for the exits and it's not hard to see why. Inflation surged to 40-year highs, the Fed is raising interest rates in response, Russia and Ukraine are at war, COVID-19 is still causing supply chain disruptions, and oil prices are elevated. The S&P 500 is flirting with bear-market level drops and the Cboe Volatility Index -- Wall Street's fear gauge better known as the VIX -- is up 82% since the start of the year and illustrating investors' distress.