Its gross domestic product puts it as only the 12th largest economy in the world according to the International Monetary Fund, about 25% smaller than Italy and more than 20% smaller than Canada, two countries with a fraction of its population. The answer is simple: Oil and natural gas. Russia […]
Month: February 2022
Dow futures, Asian markets plunge as Russia-Ukraine crisis escalates
Hong Kong’s Hang Seng Index (HSI) declined 3.2%. Korea’s Kospi dropped 2.7%. Japan’s Nikkei 225 (N225) lost 2.4% after coming back from a holiday. China’s Shanghai Composite moved 0.9% lower. US stocks futures also tumbled. Dow futures were down as much as 780 points, or 2.4%. S&P 500 and Nasdaq […]
Asia markets sink as tensions between Ukraine and Russia climb
Japan’s benchmark Nikkei 225 (N225) fell 1.9%, and Korea’s Kospi (KOSPI) lost 1.4%. China’s Shanghai Composite (SHCOMP) and Australia’s S&P/ASX 200 were both down more than 1%. Hong Kong’s Hang Seng Index (HSI) fell 3.2%, poised to post the biggest daily loss in five months. The plunge in Asia was […]
Sticker shock: 80% of car buyers now paying above suggested retail price
In perhaps the most striking sign of the change in new car pricing, 80% of new car buyers in January paid more than manufacturer’s suggested retail price, or MSRP, according to data from Edmunds, the online site that tracks car rankings and prices. That’s what’s commonly known as sticker price. […]
Tesla plunges seven spots on annual Consumer Reports ranking
The Model 3, which had been its top pick among EV models, lost that distinction to the Ford Mustang Mach-E. The Model 3 now has the third best ranking among EVs, behind the Mach-E and the Kia Niro. Tesla plunged seven spots to No. 23 in the overall ranking of […]
Microsoft is on a buying binge. Here’s what it could buy next
Microsoft (MSFT) scooped up advertising tech business Xandr from CNN owner AT&T (T) late last year for a reported $1 billion. The company also shelled out nearly $20 billion for cloud software firm Nuance earlier in 2021. That’s on top of numerous other billion dollar deals Microsoft has made since […]
Former Amazon employee sentenced to federal prison for involvement in bribery scheme
Rohit Kadimisetty of Northridge, California, was sentenced Friday after pleading guilty to conspiracy in September 2021. He was one of six people indicted for fraud and the first to be sentenced in an international scheme to manipulate the Amazon marketplace, according to the DOJ. The group allegedly bribed Amazon employees […]
IRS to temporarily stop sending many taxpayer notices
That’s what’s happening to many taxpayers this year thanks to automated notices being sent by the IRS. But if you got one, don’t panic. There’s a fair chance the IRS simply hasn’t seen what you already sent in. That’s because it’s dealing with a mountain of returns and correspondence that […]
Brief Guide on Mendix vs Powerapps vs Outsystems vs Wavemaker Alternatives
When looking for a decent low-code mobile apps development framework. They look for characteristics like nice customer experiences, compatibility for diverse mobile platforms, and the capacity to build native apps. Conversations work best with native applications since they have the fastest navigating and interactions. However, the latest mobile technologies aren’t […]
Here’s what happens when salary is actually included in job listings
Only about 12% of postings from US online job sites include salary ranges, according to Julia Pollak, chief economist at ZipRecruiter. And that’s an increase from 8% in 2019. Part of the reason for the uptick is the stronger job market, Pollak said. “A tightening labor market does appear to […]