60 ringgit to dollar

Google is taking a pause. Last week, Google and Alphabet CEO Sundar Pichai announced that it would slow down hiring for the rest of the year. But a recent email from Prabhakar Raghavan, a senior vice president at Google, revealed that the company will also feeze all hiring for two weeks, as reported by The Information . "We'll use this time to review our headcount needs and align on a new set of prioritized Staffing Requests for the next three months," Raghavan reportedly said in the email. You may not find this surprising. After all, Facebook parent company Meta also recently announced hiring cutbacks, in addition to Meta CEO Mark Zuckerberg's claim that he was "turning up the heat" on Meta employees in the face of a global recession. But Google's announcement hinges on a single, very important word: Pause. With the word "pause," Google demonstrates a more emotionally intelligent approach to Meta's. At the same time, it provides subtle evidence of a … [Read more...] about Google Just Made a Brilliant Announcement That Could Save Millions of Dollars. It’s a Lesson in Emotional Intelligence

Letters spell the word “Alphabet” as they are seen on a computer screen with a Google search page in this photo illustration taken in Paris, France. REUTERS/Pascal Rossignol/File Photo Australia’s competition watchdog said on Friday that Alphabet Inc’s Google unit was ordered by the country’s Federal Court to pay A$60 million ($42.7 million) in penalties for misleading users on collection of their personal location data. The court found Google misled some customers about personal location data collected through their Android mobile devices between January 2017 and December 2018. Google misled users into believing “location history” setting on their android phones was the only way location data could be collected by it, when a feature to monitor web and applications activity also allowed local data collection and storage, the Australian Competition & Consumer Commission (ACCC) said. The watchdog, which estimates that 1.3 million Google account users in Australia may have … [Read more...] about Australian court orders Google to pay $43M for misleading users

Share to Twitter Share to Linkedin The wild party is over, and the United States is now dealing with the hangover. Americans are experiencing the adverse effects of consequential decisions made by the Federal Reserve Bank and the U.S. government. The institutions distorted the economy by printing too much money and spending trillions of dollars on various stimulus programs . To revitalize the economy in the wake of business shutdowns during the pandemic, the Fed—through quantitative easing—bought Treasury and agency mortgage-backed securities—amounting to around $8.5 trillion . The cascade of money flooding the market, in part, led to the rapid rise in inflation. Once inflation rose uncontrollably, it was clear that the jig was up. The Fed has no other choice than clamp down on the economy, which will catalyze job losses, to fight ruinous inflation. Inflation, Yet Another Tax These actions result in a lower quality of life for many people. … [Read more...] about Financial Anxiety Is Increasing As Inflation Surges, And People Are Living Paycheck To Paycheck

The Philippine peso could again start depreciating against the US dollar if the Bangko Sentral ng Pilipinas (BSP) will go slow on increasing its key rates following improved economic data from the United States. Emilio Neri Jr., lead economist at the Bank of the Philippine Islands, said the peso was again the weakest currency among those in the five biggest emerging economies of the Association of Southeast (SE) Asian Nations. Citing data from Bloomberg, Neri said the peso had lost 7.6 percent of its value against the US dollar since the start of this year. The peso started 2022 at 51:$1 and closed spot trading at 55.61:$1 on Aug. 12. Over the past 32 weeks, the Vietnamese dong, Indonesian rupiah, Thai baht and Malaysian ringgit fared better than the local currency. During that period, “the Philippine peso underperformed due to the [BSP’s] dyed-in-the-wool dovish stance [although] an off-cycle hike and a shift in rhetoric has provided reassurance,” Neri said. On July 14 at an … [Read more...] about BSP urged to stay aggressive on rates

Share to Twitter Share to Linkedin Upside Investing represents a revolution in investment/spending strategy. It lets you set a living standard floor that only rises as a result of investing in stocks and other risky assets. The higher your floor, the lower your upside and vice versa. The stock market is, once again, going nuts — dropping relentlessly, then bouncing back, only to plunge again, but then recovering, well, kind of, and … This is, in short, excruciating times for those counting on the market to see them through retirement. Stocks have always been a high-reward, high-risk ride. But since the Great Recession, the market seemed reliable. No longer. Today’s economic and geopolitical world is crazzzy and the stock market doesn’t like crazzzy . We now face raging inflation, round three of COVID, lingering supply-chain disruptions, on-again-off-again Chinese production, global energy and food shortages (curtesy of Vladimir the Excrement), … [Read more...] about Finally, A Safe Way To Play The Market — Upside Investing

Share to Twitter Share to Linkedin Tax Notes reporter Benjamin Guggenheim discusses the latest tax legislation on Capitol Hill: the recently passed CHIPS and Science Act and the revived reconciliation bill known as the Inflation Reduction Act. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I'm David Stewart, editor in chief of Tax Notes Today International . This week: Build Back smaller? After months of stalled negotiations, little agreement in either chamber of Congress, and a declaration that Build Back Better was dead, last week, Senate Democrats were able to make progress on not one, but two separate bills. The first, known as the CHIPS and Science Act, was a more bipartisan effort from the Senate that has generally been split down party lines. While the second, known as the Inflation Reduction Act (IRA), is Senate majority leader, Chuck Schumer, D-N.Y., and Senator Joe … [Read more...] about Congress Vs. Inflation: The Legislative Tax Showdown

Share to Twitter Share to Linkedin Social Security just upgraded its website in several very valuable ways. But the site still suggests you can accurately calculate your benefits using Social Security's calculators. Not true. For several clear reasons, those calculators aren't good enough even for government work. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. Like most of us, I just received an email from the Social Security Administration (SSA) entitled "What's New With My Social Security." It announces improvements in ssa.gov , including the ability to update our phone number, address, and bank account online. That's terrific and long overdue. But the best improvement is providing current beneficiaries access to their full covered earning histories. Beneficiaries need this information to understand if additional earnings will raise their monthly and, thus, lifetime … [Read more...] about Social Security Just Emailed Us About Their Website Upgrade? Here’s What They Didn’t Say

Gold, gold prices Gold prices were flat on Monday in the international markets after solid US jobs report last week boosted the prospect of aggressive interest rate hikes by the US Federal Reserve, lifting the dollar and bond yields. Spot gold was flat at $1,774.09 per ounce, as of 0121 GMT, after dropping 1 percent in the previous session. US gold futures were steady at $1,790.60. At 9:44am, gold contracts were trading 0.05 percent lower on the Multi-Commodity Exchange ( MCX ) at Rs 51,850 for 10 grams and silver added 0.07 percent at Rs 57,404 a kilogram. Precious metals gave up all the two days' consecutive gain as the US job report stood twice stronger than forecasted. US dollar, which moves opposite to gold prices, gained 0.82 percent on Friday may put pressure on precious metals today. However geopolitical tension between China and Taiwan may support the prices of gold at lower levels. Technically, after a marginal correction in precious metals, prices may rebound … [Read more...] about Gold Prices Today: Strong US jobs data to weigh in on yellow metal, support around Rs 51,500

Share to Twitter Share to Linkedin The first thing you need to know is I’m not blaming electric cars for my recent, blood-boiling efforts to charge one I was test-driving in a strange town. Buzzmobiles have their problems, sure, but billions of dollars are being invested in both the cars and the infrastructure to charge them. They’re not going anywhere. And once you get ‘em full of juice, they’re loads of fun. I’ll tell you what happened. I drove the Polestar 2 in and around Los Angeles and in Pasadena, where I was housesitting/watching a cat, for nine days. I parked every night under the apartment building I was staying in, which is not equipped for charging electrics. No surprise there. I just thought I’d find whatever charging station I could find, hook up and take off for a couple of hours, come back and be on my way. I signed up for ChargePoint, put money into the account and used their map to find me the nearest charger when it was time … [Read more...] about Charging An Electric Vehicle Away From Home Recently Was A Frustrating, Time-Consuming Endeavor

- A + A SUBANG JAYA (Aug 12): Heineken Malaysia Bhd cautioned that cost escalation is not over and may hit the company hard in 2023. “We announced price increases in August, which were to recover some cost increases. As we move into the new year, the impact of cost escalation will hit us very much,” its managing director Roland Bala told a media briefing on the company's financial performance for the first half ended June 30, 2022 (1HFY22) on Friday (Aug 12). As to whether there will be further price hikes, Roland said: "No one can guarantee what the future is, (but for now) we have taken appropriate measures.” Heineken Malaysia’s net profit jumped 102% to RM199 million in 1H22 from RM99 million in 1HFY21, as revenue climbed 50% to RM1.3 billion from RM897 million. “I want to remind everyone that this is against the weak comparison last year, (when) the brewery was closed in the whole of June and the on-trade business was closed," he said. Having said that, … [Read more...] about Heineken Malaysia warns of impact from further cost escalation in 2023