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☆ Epic Games is laying off roughly 900 employees - Bloomberg News
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +1 min

The Epic Games logo, maker of the popular video game "Fortnite", is pictured on a screen in this picture illustration August 14, 2020. REUTERS/Brendan McDermid/Illustration Acquire Licensing RightsSept 28 (Reuters) - "Fortnite" maker Epic Games is laying off about 900 employees, or 16% of its staff, Bloomberg News reported on Thursday. The videogame industry is struggling with a slowdown in spending as inflation-weary gamers become more selective in picking popular titles. Epic Games could not immediately be reached for comment. Reporting by Chavi Mehta and Samrhitha Arunasalam in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Harry Potter, Chavi Mehta, Samrhitha, Arun Koyyur Organizations: REUTERS, Bloomberg, Warner Bros Discovery, Apple, U.S, Supreme, Thomson Locations: Bengaluru

☆ Accenture warns of weaker fiscal 2024 as IT spending remains under pressure
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +2 min

The logo of Irish services and consulting company Accenture is seen at an temporary office during the World Economic Forum 2022 (WEF) in the Alpine resort of Davos, Switzerland May 25, 2022. Accenture expects first-quarter revenue in the range of $15.85 billion to $16.45 billion, while analysts polled by LSEG forecast $16.43 billion. The company also forecast fiscal 2024 adjusted earnings per share to be in the range of $11.97 to $12.32, below estimates of $12.45. The mid-point of its revenue growth forecast of 2% to 5% in local currency also fell short of estimates. Accenture's revenue rose 4% to $16 billion in the fourth quarter ended Aug. 31, compared with estimates of $16.08 billion.

Persons: Arnd, Julie Sweet, Chavi Mehta, Shinjini Organizations: Accenture, REUTERS, U.S, Infosys, Tata Consultancy Services, LSEG, Thomson Locations: Davos, Switzerland, Federal, Indian, Bengaluru

☆ Former Microsoft product chief joins Amazon as head of devices business
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +1 min

Panos Panay demonstrates the Microsoft Surface Studio computer at a live event in the Manhattan borough of New York City, U.S.,October 26, 2016. REUTERS/Lucas Jackson/File Photo Acquire Licensing RightsSept 27 (Reuters) - Former Microsoft (MSFT.O) product chief Panos Panay will lead Amazon.com's (AMZN.O) struggling unit responsible for the firm's Alexa and Echo products. Though relatively small within Amazon's sprawling empire, the device unit has been symbolically important as a gadget testing ground and Alexa's public face through voice-assistant devices. Amazon has said its devices and services business is not profitable, without providing figures. Panay, who more recently oversaw the launch of the Windows 11 operating system, has experience in both hardware and integrated services.

Persons: Panos Panay, Lucas Jackson, Amazon, Dave Limp, Chavi Mehta, Sriraj Organizations: Microsoft, REUTERS, Echo, Amazon, Reuters, Thomson Locations: Manhattan, New York City, U.S, Panay, Bengaluru

☆ Snap to close AR division for enterprises months after launch
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +1 min

Traders gather at the post where Snap Inc. is traded, just before the opening bell on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 11, 2017. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsSept 27 (Reuters) - Snap Inc (SNAP.N) is shutting its division focused on making augmented reality (AR) services for businesses within months of its launch, as the ad-dependent social media company struggles in a tough economy. Snap, the maker of photo messaging app Snapchat, started AR Enterprise Services (ARES) in March, looking to diversify its revenue beyond digital advertising that makes up the vast majority of its revenue. CEO Spiegel said rising adoption of generative artificial intelligence made it hard for Snap to differentiate its offering that allowed customers to use its AR tech on their sites as companies created their own experiences. Reporting by Chavi Mehta in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Evan Spiegel, Spiegel, Chavi Mehta, Shinjini Organizations: New York Stock Exchange, REUTERS, Enterprise Services, Thomson Locations: New York, U.S, Bengaluru

“It is no secret that Apple is making more money on Bing existing than Bing does,’’ Mikhail Parakhin, Microsoft’s chief of advertising and web services, said in U.S. District Court in Washington. Parakhin was describing Microsoft’s years of futility trying to supplant Google on Apple devices. The U.S. Department of Justice accuses Google of using similar agreements to lock out rival search engines such as Bing and Yahoo, stifling innovation. Asked by U.S. District Judge Amit Mehta whether a search engine could be built solely off machine learning, he replied: "We’ve seen companies try. One option would be to bar the Mountain View, California-based company from paying Apple and others to make Google the default search engine.

Persons: Apple, Microsoft’s Bing, Bing, ’, Mikhail Parakhin, Parakhin, Ken Smurzynski, Smurzynski, Satya Nadella, Nadella, Judge Amit Mehta, Mehta, Michael Liedtke Organizations: WASHINGTON, Google, Microsoft, Apple, U.S . Department of Justice, Bing, Yahoo, U.S, AP Locations: U.S, Washington, , California

☆ Sprinters in the wind after anti-doping officials arrive at Delhi meet
▼ + stars: | 2023-09-27 | by ( Amlan Chakraborty | ) www.reuters.com time to read: +2 min

NEW DELHI, Sept 27 (Reuters) - By the time Lalit Kumar crouched at the starting blocks for the men's 100 metres final at the Delhi state athletics meet on Tuesday, the 20-year-old was only ever going to finish first. However, organisers suspect they pulled out after getting wind of the imminent arrival of officials from India's anti-doping agency (NADA). "An odd withdrawal is understandable, but when seven runners withdraw, you know something is fishy," Sandeep Mehta, secretary of the Delhi Athletics Association (DAA), told Reuters on Wednesday. Mehta also confirmed that some athletes from the meet did not turn up to collect their medals, raising more doping suspicions. The country ranked second behind Russia in anti-doping rule violations in a World Anti-Doping Agency (WADA) report published in May.

Persons: Lalit Kumar crouched, Kumar's, Sandeep Mehta, NADA, Mehta, Vimal Anand, WADA, Kumar, it's, Amlan Chakraborty, Peter Rutherford Organizations: Jawaharlal Nehru, cramp, Delhi Athletics Association, Reuters, Athletics Federation of, Doping Agency, Indian Express, Thomson Locations: DELHI, Delhi, Athletics Federation of India, India, Russia, New Delhi

☆ India's BJP, the world's biggest party, plots election drive of epic scale
▼ + stars: | 2023-09-26 | by ( Rupam Jain | ) www.reuters.com time to read: +9 min

[1/5] FILE PHOTO-Partha Chaudhury, 39, a worker of India's ruling Bharatiya Janarta Party (BJP), speaks with Reuters during the party's outreach program in Kolkata, India, May 30, 2023. "We want people to remember that the BJP knocked on their doors much before any opposition party worker did." "The BJP's challenge as the dominant national party is to manage voter fatigue and to sustain the enthusiasm among its cadres after two terms in power," Mehta added. "This time, the world's biggest party has launched the biggest-ever outreach to win the world's biggest elections." The BJP was beaten by a regional opposition party four years ago, even though it had strong support there, winning roughly 600,000 of the total 1.5 million votes cast.

Persons: Partha Chaudhury, India's, Avijit Ghosh, PM Modi, Chaudhury, Narendra Modi, It's, Tamoghna Ghosh, Modi, J.P, Nadda, Nalin Mehta, Mehta, isn't, Moitra, Mallikarjun Kharge, Long, Rupam Jain, Pravin Organizations: Bharatiya Janarta Party, BJP, Reuters, REUTERS, Party, PM, Bharatiya Janata Party, archrival Congress, UPES School of Modern Media, Trinamool, Krishnanagar, Pravin Char, Thomson Locations: Kolkata, India, KOLKATA, West Bengal, New Delhi, Uttarakhand, INDIA, India's, Calcutta

☆ Google's 25-year journey from dorm to internet dominance
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +1 min

The logo of Google is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 14, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsSept 26 (Reuters) - More than 25 years ago, two students at Stanford University brainstormed in their dormitory and came up with an idea - to create an internet search engine that would organize web pages and also rank them. Initially called BackRub, the startup grew into one of the world's most valuable and influential companies, Google. Google's products, including Gmail and search, are now used by billions and its co-founders, Larry Page and Sergey Brin, rank among the richest people in the world. Here are some milestones in the history of the tech giant, whose parent is now known as Alphabet:Reporting by Chavi Mehta, Arsheeya Bajwa, Yuvraj Malik, Samrhitha Arunasalam and Jaspreet Singh in Bengaluru; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

Persons: Gonzalo Fuentes, Larry Page, Sergey Brin, Chavi Mehta, Arsheeya Bajwa, Yuvraj Malik, Samrhitha, Jaspreet Singh, Pooja Desai Organizations: Google, Viva Technology, Porte de, REUTERS, Stanford University brainstormed, Gmail, Thomson Locations: Porte, Paris, France, Bengaluru

☆ Verizon's CEO has been tracking his mood out of 10 in a spreadsheet every day since 2009, and if he gives himself less than 3, he works alone for the day
▼ + stars: | 2023-09-26 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Verizon's CEO Hans Vestman ranks his mood from one to 10 every day to get into the right mindset for work. "If you want to lead other people, you need to start with yourself," Vestman said at a Fast Company event. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementVerizon's CEO revealed that he adopted an unusual strategy to stay at the top of his game at work, including tracking his daily mood in a spreadsheet for over a decade.

Persons: Hans Vestman, Vestman, —, Stephanie Mehta, Vestberg Organizations: Verizon, Service, Mansueto, CNBC, Ericsson Locations: New York

Google counters that it dominates the market because its search engine is better than the competition – a position that Apple’s Cue supported in his testimony Tuesday. Google also argues that users can, in any event, switch to other search engines with a couple of clicks. And last week, the founder of search engine DuckDuckGo, which has about 2.5% of the search market, testified that his company struggled to compete because of Google's revenue-sharing agreements with Apple and other companies. If he decides Google broke the law, another trial will determine how to rein in Google's market power. The Mountain View, California-based company could be stopped from paying Apple and other companies to make Google the default search engine.

Persons: ’ ’, Eddy, Apple’s, Trump, Judge Amit Mehta Organizations: WASHINGTON, Apple, Google, U.S . Department of Justice, Verizon, Justice Department, Microsoft Locations: U.S, Washington, View , California

☆ Instacart founder Apoorva Mehta says his 'empty fridge' was the inspiration for the delivery startup
▼ + stars: | 2023-09-25 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Instacart founder's empty fridge was the "lightbulb moment" for coming up with the idea for the delivery startup, he said. Apoorva Mehta walked away with over $1.1 billion in net worth after the delivery startup's IPO on Wednesday. AdvertisementAdvertisementMehta walked away with a fortune of over $1.1 billion after his delivery startup's IPO on Tuesday. Before starting the company, Mehta quit his job at Amazon in 2010 and moved to San Francisco to become an entrepreneur. During the early stages of Instacart, Mehta also said he missed the application deadline for the startup accelerator YCombinator by over two months.

Persons: Apoorva Mehta, Instacart, Mehta, Fidji Simo, — Aswath, NYU's Stern School of Business —, Damodaran Organizations: Service, Meta, Bloomberg, SEC, NYU's Stern School of Business, Amazon, CNBC Locations: Wall, Silicon, San Francisco, Friday's

☆ Top Wall Street analysts are bullish on these dividend stocks
▼ + stars: | 2023-09-24 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

Bearing that in mind, here are five attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. PEG's dividend yield is 3.8%. SO offers a dividend yield of 4%. In January, the oil and gas giant increased its quarterly dividend by about 6% to $1.51 per share, making 2023 the 36th straight year with a higher dividend payment. It paid a cash dividend worth $1.9 billion in the quarter and repurchased 2.4 million shares.

Persons: Michael Wirth, Adam Jeffery, Wall, Shelby Tucker, Tucker, Southern Company Tucker, Goldman Sachs, Neil Mehta, Mehta, Baird, Tristan Gerra, Gerra Organizations: Chevron, CNBC, Public Service Enterprise, Public Service Enterprise Group, RBC Capital, Public Service Electric and Gas, TipRanks, Southern Company, Southern, Chevron Hedge Fund, Broadcom Semiconductor, Broadcom, Nvidia, Myers Locations: U.S, New Jersey, TipRanks, Bristol

☆ 'Flat is the new up:' As three tech unicorns go public, it's less a call to arms and more a shoulder shrug
▼ + stars: | 2023-09-22 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +5 min

But instead of a full-throated battle cry to go public and prosper, Silicon Valley got more of a shoulder shrug. Instacart shares are down more than 23% from their trading debut, hovering just above their IPO price of $30 per share. Earlier today Arm was trading below its $51 per share IPO price, meaning that even the privileged insiders who got access to shares before the general public are under water. Klaviyo is trading slightly above its IPO price of $30 per share but is still down 6% from its opening trade. He says he wouldn't be surprised if IPO markets don't return to normal until 2026 or 2027.

Persons: Klaviyo —, Rowe Price, Howe Ng, Ng, it's, Peter Hebert, Brian Hirsch, wouldn't, David Kaufman, Thompson Coburn, JP Morgan, Nihal Mehta, haven't, Mehta, Instacart, Klaviyo didn't Organizations: Federal, Fidelity, Apple, Pepsico, BlackRock, Lux Capital, Tribeca Venture Partners, JP, Morgan's, Eniac Ventures Locations: Silicon, York

☆ Michael Bloomberg outlines succession plan for media empire, New York Times reports
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +1 min

Former mayor of New York Michael Bloomberg speaks during the Earthshot Prize Innovation Summit in New York, U.S., September 19, 2023. REUTERS/Shannon Stapleton/Pool Acquire Licensing RightsSept 22 (Reuters) - Michael Bloomberg, co-founder of Bloomberg LP, outlined a succession plan for the financial information and news company, saying that his foundation Bloomberg Philanthropies will inherit it and then eventually sell it, the New York Times reported. The former New York City Mayor made the announcement at the Climate Summit hosted by the newspaper on Thursday. Representatives for Michael Bloomberg declined to comment. Thomson Reuters (TRI.TO)-owned Reuters News competes with Bloomberg News, a unit of Bloomberg LP.

Persons: New York Michael Bloomberg, Shannon Stapleton, Michael Bloomberg, Bloomberg Philanthropies, Bloomberg, Susan Brown, Emma, Georgina, Dow Jones, Chavi Mehta, Anil D'Silva Organizations: New York, REUTERS, Bloomberg, New York Times, New, New York City Mayor, Climate, Washington Post, Thomson Reuters, Reuters, Bloomberg News, Thomson Locations: New York, U.S, United States, Bengaluru

☆ Romania's Enescu music festival eyes next edition as 2023 event wraps up
▼ + stars: | 2023-09-21 | by ( Luiza Ilie | Thomson Reuters | Bucharest-Based General News Reporter Covering A Wide Range Of Romanian Topics Elections | ) www.reuters.com time to read: +2 min

[1/2] The French National Orchestra plays during the George Enescu Classical Music Festival, in Bucharest, Romania, September 21, 2023. The 27th Enescu festival, a biennial event, could bring in American orchestras for the first time in years, said Cristina Uruc, one of the main planners, alongside established festival performers. The 26th Enescu festival, named after Romania's most famous composer and begun in 1958, ends on Sunday with a performance by the Dutch-based Royal Concertgebouw Orchestra. "If we had a proper concert hall, top orchestras could play in Bucharest outside the festival as well, we could build on the classical music tradition this festival has created." Asked whether the rise of generative artificial intelligence threatened classical music performances, one artist at the festival said he was not concerned.

Persons: George Enescu, George Calin, Enescu, Cristina Uruc, Maestro Macelaru, Cristian Macelaru, Simon Rattle, Zubin Mehta, Vladimir Jurowski, Yuja Wang, Martha Argerich, Gautier Capucon, Uruc, Artexim, Capucon, Luiza Ilie, Matthew Lewis Organizations: French National Orchestra, George Enescu Classical, REUTERS Acquire, Rights, Enescu, Reuters, Concertgebouw Orchestra, London Symphony Orchestra, Rome's National Academy of Santa Cecilia Orchestra, Musicians, Communist Party, Thomson Locations: Bucharest, Romania, Rights BUCHAREST, Dutch, French, Sala

☆ More automakers plug into Tesla's EV charging network
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +1 min

A Tesla logo is seen outside a showroom of the carmaker in Beijing, China May 31, 2023. REUTERS/Thomas Peter/File Photo Acquire Licensing RightsSept 21 (Reuters) - More automakers signed up to access Tesla's electric-vehicle charging infrastructure across the United States, taking the Elon Musk-led company's superchargers closer to becoming the industry standard. Texas has approved a plan to require EV charging companies to include Tesla's plug if they want to be eligible for federal funds. Tesla's North American Charging Standard is more widely available and reliable than rival charging network CCS, which is backed by automakers such as Volkswagen (VOWG_p.DE) and Hyundai Motor (005380.KS). Here is a list of the companies adopting NACS:List of U.S. states that have either mandated Tesla's charging tech or plan to:Reporting by Akash Sriram and Jaspreet Singh in Bengaluru; Additional reporting by Chavi Mehta; Editing by Devika Syamnath and Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

Persons: Thomas Peter, Elon, company's superchargers, Akash Sriram, Jaspreet Singh, Chavi Mehta, Devika Syamnath, Arun Koyyur Organizations: REUTERS, EV, CCS, Volkswagen, Hyundai, Thomson Locations: Beijing, China, United States, Texas, Bengaluru

☆ Inside the Elaborate, Enviable Design of Three New York Homes
▼ + stars: | 2023-09-21 | by ( ) www.nytimes.com time to read: +34 min

If You Can Make It Here Great design for a great city (New York, of course — where else?) In the oak-paneled living room of Justinian Kfoury’s apartment in a townhouse on Washington Square Park, an Audubon-style print and a Hans Wegner Papa Bear chair. “She was eccentric, grand, but not afraid of making weird decisions about design.” In the living room, a 1975 Leonid Berman painting of the Venice Lagoon hangs between the French doors. A view of the double-height living room from the curved balcony on the third floor. A sculpture by Huma Bhabha and a configuration of five Isamu Noguchi L7 pendants in the landing that separates the primary suite from the living room.

Persons: it’s, Mishan, there’s, —, Justinian, Hans Wegner Papa Bear, Paavo, Marc Hundley, that’s, Adriana Lara, Nicholas Krushenick, ”, Justinian Kfoury, downtowners, He’d, Trish Goff, Kfoury, “, Leonid Berman, Jelto ”, Tomma Abts, Paul Cadmus, Edith Wharton, Henry James, Paul van der, ” Kfoury, Joe Roberts, Mary Cameron Goodyear, Kfoury’s, He’s, Wolfgang Tillmans, they’d, It’s, Lorna Simpson, Mario Bellini, Misha Kahn, Michael Anastassiades, Glenn Ligon’s, Frank Bowling, Piet Hein Eek, Miriam Cahn, Paul Pfeiffer’s, Leah Panlilio, Tal Schori, Rustam Mehta, Adam Pogue, Constantino Buccolieri, Michael Kirkland, Alvar Aalto, Cy Twombly’s, Ho, Huma Bhabha, Isamu Noguchi, Nairy Baghramian, Coco Fusco, Robert Vinas Jr, Duro Olowu, Mark Ellison, Adam Marelli, Bob Chan, Isamu Noguchi Akari, Danh Vo, Nairy, ‘, Laura Mac Donald, Theaster Gates, Frank Lloyd, Kirkland, Ettore, Parsons, Jasper Johns, Merce Cunningham, Julianne Moore, Bart Freundlich’s Montauk, Bart Freundlich’s, Moore, Tom Volk, Oliver Freundlich, Anne’s, Pierre Jeanneret, Willy Van Der, Ori Gersht, she’s, ” It’s, Bart Freundlich, Tomas Maier, Bottega, Andrew Geller, Norman Jaffe, Freundlich, ” Moore, Moore’s, Liv, Caleb, Robert Gurr, Pierre, Noguchi, Alma Allen, Joseph Dirand, Oliver, “ I’m, ” Oliver, grins, MOORE, Anne Love Smith, Massimiliano Locatelli, Daniel Romualdez, Vincent Van Duysen, Charlotte Perriand, Pierre Chapo, Willy Van Der Meeren, Friedrich Kunath, Mark Wilson, Donald Judd, Wilson, Karl Springer, Rogan Gregory, Nancy Pearce, Oscar, Alice ”, Alexander Calder, Andrea Zittel, JB Blunk, AFTRA, Hope, ‘ You’re, ’ ” Organizations: Manhattan’s, Yorkers, that’s, Audubon, Washington, East Village, brac, AS, Fifth, Fort Standard, GRT Architects, Architects, Walt Disney Concert Hall, Soane Britain, Hamptons, WHO, Writers Guild of America, SAG, “ Locations: New York, Paris, London, Rome , New York, It’s, Washington, Manhattan, Harlem, Montauk, American, Chinatown, York, New York’s Washington, Kennebunkport, England, East, Boston, Lebanon, Maine, Vermont, Venice, Moroccan, North, Kfoury’s, New York’s Harlem, Westchester County, N.Y, Brooklyn, Italian, Finnish, Rome, Los Angeles, Korean, Berlin, Iranian, Chicago, North Carolina, California, Summerhill, Long, Fort Pond, New York City, Pond, Morentz, Scottish, Japanese American, Belgian, East Hampton, Japan, “, Swiss

☆ VinFast discloses revenue surge in first report since blockbuster debut
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +1 min

VinFast electric vehicles are parked before delivery to their first customers at a store in Los Angeles, California, U.S., March 1, 2023. The company posted revenue of 7.95 trillion Vietnamese dong ($327 million) for the second quarter ended June 30. Net loss in the quarter narrowed to 12.54 trillion Vietnamese dong from 13.65 trillion Vietnamese dong a year earlier, driven by increase in delivery volume and cuts in its research and development costs. The company delivered 9,535 vehicles in the quarter, recording a more than fivefold jump from the first quarter. Still, a large portion the company's revenue comes from sales to subsidiaries of its own parent company Vingroup.

Persons: Lisa Baertlein, Chavi Mehta, Sriraj Organizations: REUTERS, Ford, General Motors, Thomson Locations: Los Angeles , California, U.S, Bengaluru

☆ 5 energy stocks with double-digit return potential as oil prices head toward $100, according to Goldman
▼ + stars: | 2023-09-21 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Chevron stock has slipped roughly 7% from the start of the year. CVX YTD mountain Chevron stock. "We see 16% total return to Chevron," Mehta said. CVE YTD mountain Cenovus stock. BKR YTD mountain Baker Hughes stock.

Persons: Goldman Sachs, Neil Mehta, Goldman, Mehta, refiner Phillips, Cenovus, Brent, Baker Hughes, Baker, — CNBC's Michael Bloom Organizations: Brent, West Texas, Chevron, Phillips, Natural Resources, stoke, Baker Locations: Canada, 2H2023

“We hit an obstacle with Google's contracts,'' Weinberg said in U.S. District Court in Washington. Google counters that it dominates the internet search market because its product is better than the competition. After a couple years, the company began positioning itself as a search engine that respects people’s privacy by promising not to track what users search for or where they have been. That's loose change for Google's parent company, Alphabet, which generated $283 billion in revenue last year. In court Thursday, Lehman said his best guess is that search engines will shift largely from relying on user data to relying on machine learning.

Persons: Gabriel Weinberg, Weinberg, DuckDuckGo, Edward Snowden, Eric Lehman, Department’s, Lehman, Baidu, Russia’s, Google’s, ’ ’, Judge Amit Mehta, Taylor Swift, Travis Kelce Organizations: WASHINGTON, Google, The U.S . Department of Justice, Apple, Verizon, MIT, Cambridge, Microsoft, NFL Locations: U.S, Washington, The, Pennsylvania

☆ These rare stocks are paying a higher dividend than the 10-year Treasury yield right now
▼ + stars: | 2023-09-21 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

When looking for a stock that pays a higher dividend than Treasury yields, investors don't have too many choices these days. Dividend stocks, on the other hand, are getting harder to find as companies hold on to their cash amid concerns about the economy. To find stocks that pay dividends higher than the 10-year Treasury yield, CNBC used the new CNBC Pro Stock Screener tool to search for names with yields higher than 4.5%. Pioneer Natural Resources has the highest dividend yield at 7.2%, as well as a debt-to-equity ratio of 24.2%. Lastly, Best Buy has a 5.2% dividend yield and 40.9% debt-to-equity ratio.

Persons: Goldman Sachs, Brent, Neil Mehta Organizations: Treasury, CNBC, CNBC Pro Stock, Natural Resources, Brent, West Texas, Coterra, Citizens Financial, Citizens

☆ Julianne Moore’s Montauk Sanctuary
▼ + stars: | 2023-09-21 | by ( Nick Haramis | ) www.nytimes.com time to read: +34 min

— HANYA YANAGIHARASpeak Softly In a wild meadow by the sea, Julianne Moore and Bart Freundlich’s Montauk house uses just a few materials to say many things. In Moore’s office, a Pierre Jeanneret desk and chair, an Alvar Aalto stool and a Willy Van Der Meeren cabinet. In the oak-paneled living room of Justinian Kfoury’s apartment in a townhouse on Washington Square Park, an Audubon-style print and a Hans Wegner Papa Bear chair. A view of the double-height living room from the curved balcony on the third floor. A sculpture by Huma Bhabha and a configuration of five Isamu Noguchi L7 pendants in the landing that separates the primary suite from the living room.

Persons: it’s, Mishan, there’s, —, Julianne Moore, Bart Freundlich’s Montauk, Bart Freundlich’s, Moore, Tom Volk, Oliver Freundlich, Anne’s, Pierre Jeanneret, Alvar Aalto, Willy Van Der, Ori Gersht, she’s, ” It’s, ”, “, Bart Freundlich, Tomas Maier, Bottega, Andrew Geller, Norman Jaffe, Freundlich, ” Moore, Moore’s, Liv, Caleb, Robert Gurr, Isamu Noguchi, Pierre, Noguchi, Alma Allen, Joseph Dirand, Oliver, “ I’m, ” Oliver, grins, MOORE, Anne Love Smith, Massimiliano Locatelli, Daniel Romualdez, Vincent Van Duysen, Charlotte Perriand, Pierre Chapo, Willy Van Der Meeren, Friedrich Kunath, Mark Wilson, Donald Judd, Wilson, Mario Bellini, Karl Springer, Rogan Gregory, Nancy Pearce, Oscar, Alice ”, Alexander Calder, Andrea Zittel, JB Blunk, AFTRA, Hope, It’s, ‘ You’re, ’ ”, Justinian, Hans Wegner Papa Bear, Paavo, Marc Hundley, that’s, Adriana Lara, Nicholas Krushenick, Justinian Kfoury, downtowners, He’d, Trish Goff, Kfoury, Leonid Berman, Jelto ”, Tomma Abts, Paul Cadmus, Edith Wharton, Henry James, Paul van der, ” Kfoury, Joe Roberts, Mary Cameron Goodyear, Kfoury’s, He’s, Wolfgang Tillmans, they’d, Lorna Simpson, Misha Kahn, Michael Anastassiades, Glenn Ligon’s, Frank Bowling, Piet Hein Eek, Miriam Cahn, Paul Pfeiffer’s, Leah Panlilio, Tal Schori, Rustam Mehta, Adam Pogue, Constantino Buccolieri, Michael Kirkland, Cy Twombly’s, Ho, Huma Bhabha, Nairy Baghramian, Coco Fusco, Robert Vinas Jr, Duro Olowu, Mark Ellison, Adam Marelli, Bob Chan, Isamu Noguchi Akari, Danh Vo, Nairy, ‘, Laura Mac Donald, Theaster Gates, Frank Lloyd, Kirkland, Ettore, Parsons, Jasper Johns, Merce Cunningham Organizations: Manhattan’s, Yorkers, that’s, Hamptons, WHO, Writers Guild of America, SAG, “, Audubon, Washington, East Village, brac, AS, Fifth, Fort Standard, GRT Architects, Architects, Walt Disney Concert Hall, Soane Britain Locations: New York, Paris, London, Rome , New York, It’s, Washington, Manhattan, Harlem, Montauk, American, Chinatown, York, N.Y, Summerhill, Long, Fort Pond, New York City, Pond, North Carolina, Morentz, Scottish, Japanese American, Belgian, East Hampton, Japan, “, California, Swiss, New York’s Washington, Kennebunkport, England, East, Boston, Lebanon, Maine, Vermont, Venice, Moroccan, North, Kfoury’s, New York’s Harlem, Westchester County, Brooklyn, Italian, Finnish, Rome, Los Angeles, Korean, Berlin, Iranian, Chicago

☆ 37-year-old quit Amazon and started 20 companies before coming up with Instacart—now he's worth $1.1 billion
▼ + stars: | 2023-09-20 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Mehta is the 37-year-old co-founder of Instacart, the online grocery delivery startup that went public on Tuesday and now boasts a market value of $8.8 billion. As Instacart's largest individual shareholder, Mehta is now worth a reported $1.1 billion after selling 700,000 shares of the company he launched in San Francisco in 2012. He quit his job and moved to San Francisco with a desire to build his own successful startup but no clear plan, he said. "The reason why I quit my job at Amazon was because I wanted to become an entrepreneur," Mehta said. Y Combinator helped Mehta land $2.3 million in venture capital funding within a few months, and Instacart quickly spread beyond San Francisco.

Persons: Apoorva Mehta, Mehta, CNBC's, Instacart, Y, Combinator Organizations: Instacart, Amazon, Kroger, Costco, SEC, CNBC Locations: San Francisco, Seattle, North America

☆ Insider Today: Ex-Goldman partners dish
▼ + stars: | 2023-09-20 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

This post originally appeared in the Insider Today newsletter. In today's big story, former Goldman Sachs partners explain what led them to leave their prestigious positions within the bank. A recent Insider investigation by Dakin Campbell and Emmalyse Brownstein found that at least 202 partners have left the firm during CEO David Solomon's volatile five-year tenure. And while Solomon's strategic missteps were a key talking point for many, not all the former partners bashed the CEO. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: Goldman Sachs, it's, Goldman, David Solomon, Dakin Campbell, Emmalyse Brownstein, David Solomon's, Dakin, It's, Julian Salisbury, Dina Powell McCormick, Fred Baba, Solomon, Lloyd Blankfein, Apoorva Mehta, Instacart, Daniel Sundheim, Michael Moritz, Here's, Instacart's, Beck, Apoorva, Mehta, Tyler Le, Steve Squeri, Squeri, AEW, Tony Khan, Lauren Boebert, Anna Moneymaker, General Merrick Garland, Kim Kardashian, General Mills, Getty, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, D1 Capital Partners, Sequoia, Getty, Sequoia Capital, Northwestern Mutual Wealth Management's, American Express, Wrestling, WWE's, Fed, U.S, FedEx, General Locations: Wall, Silicon, What's, —, ChatGPT, Cerebral, Colorado, Mostar, Bosnia, Herzegovina, Greece, Bulgaria, Moldova, New York City, San Diego, London, New York

☆ Apple Watch review: New gesture control feature involves tapping the air
▼ + stars: | 2023-09-20 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +6 min

Over the past few days, I’ve been taking phone calls, playing music and scrolling through widgets on the new Apple Watch Series 9 without ever touching the device. The feature isn’t entirely new; the previous generation of Apple Watch Ultra was capable of similar pinch-and-clench gestures via its Assistive Touch accessibility tool. The future of hands-free devicesThe new Apple Watch Series 9 can be controlled by tapping two fingers together. The Apple Watch Series 9 will start at $399 and the Ultra is priced at $799. Although they start shipping on Friday, September 22, the Double Tap feature will launch via a software update next month.

Persons: I’ve, Cupertino , California Justin Sullivan, Apple, it’s, ”, Annette Zimmerman, they’ve, It’s, Sachin Mehta, Mehta, there’s Organizations: CNN, Apple, Apple Watch, smartwatches, Vision, Gartner Research, Apple Apple, Samsung, ABI Research Locations: Cupertino , California

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