Pentagon cancels cloud contract, Universal films head to Peacock, Chobani to go public

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Yahoo Finance 07 July, 2021 - 09:35am 21 views

What is Jedi cloud project?

The DoD's General Purpose Enterprise Cloud, also known as the Joint Enterprise Defense Infrastructure (JEDI) Cloud, is the initiative that will deploy foundational cloud technology, while leveraging commercial parity, to the entire Department, with a focus on where our military operates--from the homefront to the ... cloud.milJEDI Cloud Features

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The dollar gained against a basket of peer currencies on Tuesday following the U.S. Independence Day long weekend as traders positioned themselves ahead of the release of the minutes from the U.S. Federal Reserve's pivotal June meeting. Market participants will be looking for clues as to when the Fed will begin to taper its pandemic-induced bond-buying spree amid a recovering economy, when minutes of the June meeting are published on Wednesday. The greenback's move came even as U.S. Treasury yields fell after data signaled that growth in the service sector had slowed, with the benchmark 10-year note on track for its longest streak of declines in 16 months.

At its June policy meeting the Federal Reserve edged towards a debate over when and how to reduce its support for a U.S. economy healing from the coronavirus pandemic, and the release of the minutes later on Wednesday may provide insight on how fast that discussion is evolving amid an unexpectedly large jump in inflation. The Federal Open Market Committee's June 15-16 meeting saw the U.S. central bank shift towards a post-pandemic view of the world, dropping a longstanding reference to the coronavirus as a constraint on the economy and, in the words of Fed Chair Jerome Powell, "talking about talking about" when to shift monetary policy as well. The start of that discussion, along with interest-rate projections showing higher borrowing costs as soon as 2023, has caused investors to anticipate that the Fed will move faster than expected to end its support for an economy still afflicted by high levels of unemployment and, now, rising inflation.

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Government bond yields across the euro area fell to their lowest levels in at least three weeks and safe-haven German bonds showed their best performance since March on Tuesday as caution surrounding the global economic outlook crept in. The spread of the more infectious Delta coronavirus variant has led some countries to delay elements of their return to normal life, raising concerns about the impact on economic growth more than a year after the pandemic began. "There is a deterioration in the macro economic outlook and this is playing out in the rates markets," said ING senior rates strategist Antoine Bouvet.

The food sector has gained investor attention over the past few years, especially as fast-food chains and upscale restaurants create new menus to attract health- and environment-conscious diners. It was founded in 2005 by Hamdi Ulukaya, a Turkish immigrant to the United States, who took a small loan and bought an old yogurt plant, according to its website. The first cup of Chobani Greek yogurt hit store shelves in 2007.

The Department of Defense said Tuesday that it has canceled a massive contract for cloud services with Microsoft. Awarded in 2019, the Joint Enterprise Defense Infrastructure (JEDI) contract could have been worth upwards of $10 billion over 10 years. But the agreement to provide immense storage and computing power to soldiers in the field and commanders at the Pentagon was controversial from the start, with Amazon charging that the contract award was tainted by political considerations in the Tr

The Department of Defense is canceling its $10 billion Joint Enterprise Defense Infrastructure (JEDI) cloud contract.

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Pentagon cancels $10 billion cloud contract with Microsoft, weekend ransomware attack had “minimal” impact for U.S. business, 160 million Americans will be fully vaccinated this week, and other news to start your day.

Read full article at Yahoo Finance

Jeff Bezos became the richest person with a record fortune of $211 billion

Gizchina.com 07 July, 2021 - 05:24am

The richest man in the world, Jeff Bezos, now has a fortune of $ 211 billion as Amazon shares surged 4.7% after the Pentagon announced the cancellation of its cloud computing contract with Microsoft.

This is an absolute record in the ranking of billionaires, which is maintained by Bloomberg. Prior to that, Tesla and SpaceX founder Elon Musk briefly had a fortune of $ 210 billion. Now he has a total of $ 181 billion in his accounts, and he occupies the second line. The third place bemongs to the French tycoon and head of the Louis Vuitton Moet Hennessy group of companies, Bernard Arnault, whose fortune is at $ 169 billion.

Bezos has consolidated his #1 position since mid-March, as Amazon shares soared nearly 20% during that time. Since the beginning of the year, Bezos has grown by $ 20 billion.

Bezos’ ex-wife, Mackenzie Scott, is 15th on the list of the richest people in the world. Due to the rise in Amazon stock, her fortune rose by $ 2.9 billion on Tuesday, while she has already donated $ 2.7 billion to charity this year.

Bezos, 57, formally stepped down earlier this week as Amazon CEO, which he held for 27 years. At the same time, he owns 11% of the company’s shares and is its executive chairman.

Earlier this month, the American entrepreneur Jeff Bezos has stepped down as Amazon CEO, which he has held for 27 years since the company was founded. Bezos announced his departure back in February this year. The company, which is currently valued at $ 1.8 trillion, will be led by Andy Jassy, ​​who has been the head of Amazon Web Services (AWS).

In 27 years, Bezos has transformed a small online book-selling business into one of the largest e-commerce and public cloud companies in the world. In 2018, Amazon became the third-largest company in the world by market capitalization, overtaking Microsoft.

Bezos will retain the title of the richest man on Earth. Bezos was often a subject of tax evasion. Last month, journalist organization ProPublica said Bezos was evading taxes in 2007 and 2011.

After stepping down as CEO, Jeff Bezos will take over as executive chairman of Amazon’s board of directors; but his involvement with the company will diminish. Bezos decided to devote more time to charity, as well as his personal project – the space company Blue Origin. On July 20, Bezos is set to embark on a suborbital flight aboard the Blue Origin-designed New Shepard spacecraft. His younger brother Mark will fly with him.

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