5 things to know before the opening of the Stock Exchange Thursday, May 19

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to open lower after worst day since 2020 on inflation concerns A trader works on the floor of the New York Stock Exchange (NYSE) in Manhattan, New York, U.S., May 18, 2022. andrew kelly | … Read more

EXPLAINER: Why is Wall Street close to a bear market?

NEW YORK (AP) — Bears rumble toward Wall Street. The stock market’s slippage this year has brought the S&P 500 closer to what is known as a bear market. Rising interest rates, high inflation, war in Ukraine and a slowing Chinese economy have caused investors to reconsider the prices they are willing to pay for … Read more

China is the second largest bitcoin mining hub as miners go underground

In September 2021, China accounted for just over 22% of the total bitcoin mining market, according to research from the University of Cambridge. Paul Ratje | The Washington Post | Getty Images Bitcoin miners are not giving up in China despite Beijing banning the practice. China was once the world’s largest crypto mining hub, accounting … Read more

China signals easing of tech crackdown but doesn’t expect policy turnaround

China has shown signs of easing its crackdown on the tech sector that has wiped billions of dollars of value from its most important companies. But analysts said Beijing’s recent positive rhetoric should not be confused with a policy shift. “I think the big tech companies will have a grace period for maybe the next … Read more

Musk and Bezos agree on who is responsible for inflation

It’s rare to see Elon Musk and Jeff Bezos agree on things. The former is the richest man in the world with an estimated fortune of $213 billion as of May 16, according to Bloomberg Billionaire Index. The second is the second richest man on the planet. His fortune is estimated at $135 billion. Musk … Read more

Obama calls for tech regulation to tackle misinformation on the internet

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Former President Barack Obama said Thursday that the spread of misinformation online is hurting American democracy and the tech industry needs regulation and legislation to fix the problem. “The very design of these platforms seems to be pointing us in the wrong direction,” Obama said at a Stanford Cyber ​​Policy Center event. The comments come … Read more

Leeds—Grenville—Thousand Islands and Rideau Lakes Candidates Want Better Internet – Kingston

The riding of Leeds—Grenville—Thousand Islands and Rideau Lakes has been a Conservative stronghold for decades, but incumbent Steve Clark has opponents. The riding extends for approximately 100 kilometers along the St. Lawrence River, with a population of just over 100,000. It includes the united counties of Leeds and Grenville, Brockville, Gananoque, Westport and Prescott. Incumbent … Read more

Twitter’s market cap has fallen to $9 billion below Musk’s purchase price

The Twitter logo and trading information are displayed as a trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2022. Brendan Mcdermid | Reuters As Elon Musk seeks to take ownership of Twitter, the social media company’s shares are falling, suggesting investors fear the deal may … Read more

Alphabet CEO Sundar Pichai: Interview with CNBC

Alphabet CEO Sundar Pichai: Interview with CNBC

CNBC: Sundar Pichai, CEO of Alphabet and Google, interviewed by Deirdre Bosa. CNBC Google CEO Sundar Pichai said while consumers are putting the Covid pandemic in the rearview mirror, the economy is clearly a growing concern for the company and the wider market. “We certainly see the uncertainty ahead of us, like everyone else,” Pichai … Read more

Alphabet CEO Sundar Pichai: Interview with CNBC

CNBC: Sundar Pichai, CEO of Alphabet and Google, interviewed by Deirdre Bosa. CNBC Google CEO Sundar Pichai said while consumers are putting the Covid pandemic in the rearview mirror, the economy is clearly a growing concern for the company and the wider market. “We certainly see the uncertainty ahead of us, like everyone else,” Pichai … Read more