Google’s focus was on A.I. features, not new phones or other hardware. Read More
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By one measure, this recovery is 10 times faster than the one after the Great Recession—but there’s a catch
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The early months of the coronavirus pandemic saw the U.S. economy plunge at its fastest rate in history. Over a two-month period, the jobless rate shot up from 3.5% in February 2020 to 14.7% in April—its highest level since 1940—while second quarter GDP declined 32.9% on an annualized basis. During this period the Congressional Budget […]
Clubhouse reaches a $1 billion after taking off some nine months ago
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It’s hard to understate the buzz around Clubhouse, the social media startup that reached a reported $100 million valuation when it had just 1,500 users. Now some nine months after its launch, the company revealed over the weekend that it had raised another round of funding led again by Andreessen Horowitz’s Andrew Chen. While the […]
Stocks jump, crypto slumps as markets brace for a mammoth Biden budget plan
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Bitcoin is off 8% on Friday, and Ethereum is down even more. Read More