clemoer

  Parallelz has raised $3 million for its tech that enables mobile games and apps to run instantly in a browser with no loss in quality, no downloads, no performance losses, and no need to change the coding. You can get instant gratification in starting a game or an app. It has raised a relatively a small amount of money, but Parallelz could be quite strategic in creating change across the mobile industry, as its platform could challenge the app store duopoly that extracts a 30% fee from the gaming ecosystem, according to Parallelz CEO Albert Lai. And that platform is simply the web, which has grown up from the days when it couldn’t run cool graphics. In an interview with GamesBeat, Lai said that he has been dreaming about this for more than a decade, ever since the company started working on HTML5 technology and instant gaming on the web. Parallelz has created a software platform that will enable entirely new ways to distribute and discover mobile applications. The funding, source...

Such grim forecasts offer the possibility that the economy could end up shrinking this quarter for the second time in a row — a common, though unofficial, definition of a recession. The National Bureau of Economic Research, the country’s semiofficial arbiter of when business cycles begin and end, offers a  more nuanced definition  of a recession, calling it “a significant decline in economic activity that is spread across the economy and lasts more than a few months.” Most economists agree that, by that definition, a recession has not yet begun. Mr. Powell on Wednesday argued, as he has in the past, that the Fed can bring down inflation without causing a recession, although he acknowledged that its ability to do so depends on factors that are outside its control, such as gas prices, the pandemic and the war in Ukraine. Many analysts are skeptical that such a “soft landing” is realistic. After Mr. Powell’s comments, economists at Deutsche Bank called such hopes “overly optimist...