Archive — Page 11
Browse historical coverage in reverse chronological order.
facial recognition lawsuit and cashless payments for foreigners – StockSharksNewsh
Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. This week, a lawsuit sparked a debate over the deployment of China’s…
The Iron Curtain Is Gone, but Europe’s East and West Are Again Divided
BERLIN—Thirty years after the Berlin Wall fell, ending the Cold War in Europe, new political divisions are rising between East and West. Despite the economic success of German reunification and the triumph of democracy across Eastern…
S&P 500 posts fifth week of gains as Wall St. hits records
NEW YORK (Reuters) – The three major U.S. stock indexes posted record closing highs and the S&P 500 registered a fifth straight week of gains on Friday as investors brushed aside worries over the progress of U.S.-China trade talks and as…
Facebook bars content claiming to name Trump impeachment whistleblower
FILE PHOTO: Silhouettes of laptop users are seen next to a screen projection of a Facebook logo, March 28, 2018. REUTERS/Dado Ruvic SAN FRANCISCO (Reuters) – Facebook Inc. is taking down any content that claims to name the anonymous…
“Trump should not be our president” says Ex-Facebook CPO Chris Cox – StockSharksNewsh
Chris Cox’s motivational speeches were at the heart of Facebook’s new employee orientation. But after 14 years at the social network, the chief product officer left in March amidst an executive shake-up and Facebook’s new plan to…
Alibaba (NYSE:BABA) – Alibaba Funnels $3.3 Billion Into Logistics Arm As E-commerce Demands Intensify
Alibaba Group Holding Ltd (NYSE: BABA), the world’s largest online and mobile commerce company, announced a further investment of $3.3 billion in its logistics affiliate, Cainiao. By funneling another $3.3 billion into Cainiao, Alibaba…
WeWork, ex-CEO Neumann, Softbank sued over botched IPO, plummeting value
NEW YORK (Reuters) – WeWork officials, including co-founder and former Chief Executive Adam Neumann, are being sued by minority shareholders to recoup losses as the shared workspace provider pulled its initial public offering and saw its…
NASA’s Voyager 2 Sends First Data From Interstellar Space After 42-Year Trip
The Voyager 2 probe signaled its passage into interstellar space with a cascade of data from beyond the planets, where the cold breath of stars envelops the solar system, NASA scientists reported Monday. It was a moment 42 years in the…
Instagram to test hiding Like counts in US, which could hurt influencers – StockSharksNewsh
“We will make decisions that hurt the business if they help people’s well-being and health” says Instagram’s CEO Adam Mosseri. To that end, next week Instagram will expand its test of hiding Like counts from everyone but a post’s creator…
Telecom Italia to expand data center business under Google deal
FILE PHOTO: Telecom Italia logo is seen at the headquarter in Rozzano neighbourhood of Milan, Italy, May 25, 2016. REUTERS/Stefano Rellandini MILAN (Reuters) – Telecom Italia (TIM) plans to spin off its data center operations and look for…
‘Just Push the Buttons.’ Seniors Get Smartphone Lessons
When Ruth Rosner bought her first cellphone five years ago, she was 98 years old. “Someone dragged me to the store and made me,” recalls Ms. Rosner, who lives on Manhattan’s Upper West Side. “She was a control freak. She didn’t like it…
Roku puts a remote on your wrist with new Apple Watch app – StockSharksNewsh
The Roku remote is coming to your wrist. The company announced today the launch of an Apple Watch app that lets you control your Roku device, including Roku media players and select Roku TVs, with a tap — just like the Roku mobile app,…
Two Dead as Wildfires Raze Australia’s East Coast
CANBERRA, Australia—Wildfires razing Australia’s drought-stricken east coast have left two people dead and several missing, more than 30 injured and over 100 homes destroyed, officials said Saturday. Around 1,500 firefighters were…
Buffalo Wild Wings employee dies after exposure to chemical at restaurant
A file photo of a Buffalo Wild Wings location. David Paul Morris | Bloomberg | Getty Images A Buffalo Wild Wings employee died and at least 10 people checked themselves into hospital after being exposed to a strong chemical cleaning agent…
Fed still faltering on inflation; Evans calls for ‘aggressive’ action
The Federal Reserve’s more than decadelong quest to generate a healthy level of inflation continues to falter, even with the central bank’s easing turn in 2019 that is targeted specifically at the issue. Not only has the Fed missed its 2%…
FCC orders station groups to negotiate with AT&T in DirecTV dispute
WASHINGTON (Reuters) – The Federal Communications Commission on Friday said it was directing nine broadcast station groups to return to the negotiating table over whether to allow local stations to air on AT&T Inc’s (T.N) DirectTV after…
California Probing Facebook’s Privacy Practices
California is investigating Facebook Inc. FB 0.56% ’s privacy practices, the state’s attorney general revealed Wednesday in a lawsuit that accuses the Silicon Valley tech giant of failing to adequately comply with information requests.…
Every startup is a bank–or wants to be – StockSharksNewsh
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week we did something just a little bit new. Kate was in studio at TechCrunch’s SF HQ. Alex was in his…
Amazon Canada to build fulfillment center in Quebec
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, November 5, 2019. REUTERS/Pascal Rossignol/File Photo (Reuters) – Amazon.com Inc said on Friday it plans to open its first fulfillment center in…
Baidu’s Search for Growth Isn’t Over
Haifeng Wang, chief technology officer of Baidu, spoke at the company’s developers conference in Beijing in July. Photo: Gilles Sabrie/Bloomberg News Good news: Search giant Baidu BIDU 13.52% has become a value play. The bad news is that…
Alibaba to invest $3.3B to bump its stake in logistics unit Cainiao – StockSharksNewsh
Alibaba is doubling down on its logistics affiliate Cainiao, two years after acquiring a majority stake in the firm. The Chinese giant said today it would invest an additional 23.3 billion yuan (about $3.33 billion) to raise its equity in…
Uber faces costly choices after expert finds it uses Waymo self-driving tech
SAN FRANCISCO (Reuters) – Uber said it “will likely” have to strike a licensing deal with Waymo or opt for costly changes to its autonomous driving software, after an expert found the ride-hailing giant still used technology from the…
Economic Data Scheduled For Friday
The University of Michigan’s consumer sentiment index for November for November is schedule for release at 10:00 a.m. ET. Data on wholesale inventories for September will be released at 10:00 a.m. ET. San Francisco Federal Reserve Bank…
Missouri Dreams of Traveling 700 Miles an Hour
Missouri is moving quickly to try to win the first Hyperloop certification track, betting the nearly half-billion-dollar project will help turn the state into a technology powerhouse that can attract top talent from across the country.…
Google hires former Disney and Star executive to head its India business – StockSharksNewsh
Google said on Friday it has appointed Sanjay Gupta, a former top executive with Disney India and Star, as the manager and vice president of sales and operations for its India business. Gupta will be replacing Rajan Anandan, who left the…
China Claims Tariffs Will Go, but Others Express Doubts
WASHINGTON—Beijing’s announcement Thursday that the U.S. and China have mutually agreed to roll back tariffs as part of a “phase one” trade accord lifted financial markets, but questions remained over how much ground—if any —the Trump…
Roku earnings Q3 2019
Roku stock tanked more than 14% in after-hours trading after the company reported Q3 results. Here’s what the company reported, compared with what Wall Street expected, based on a survey of analysts by Refinitiv: Adjusted loss per share:…
Freight Futures Daily Curve: 11/7
Freight Futures data to watch today: Spot Futures Settlements The Trucking Freight Futures markets appear to be settling into a range which reflects an uncertain to negative view on rates. The spot National contract (FUT.VNU201911)…
Mormon Families Gather to Mourn Those Killed in Mexican Ambush
LA MORA, Mexico—Residents of this breakaway Mormon community days ago were busy planning at least two weddings. Instead, they gathered Thursday to mourn the loss of several of their own, young children and mothers killed in a barbaric…
Airbus reshuffles supply chain management amid delays
PARIS (Reuters) – Airbus is overhauling the management of its supply chain and speeding up assembly at a plant in China as it faces ongoing industrial problems at home in Germany, industry sources said. FILE PHOTO: The Airbus logo is…
Google Inc. (NASDAQ:GOOG), Google Inc. (NASDAQ:GOOGL) – Alphabet Is Investigating Sexual Misconduct Allegations Against Execs
Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG)’s board is investigating allegations of sexual harassment against its senior executives and the company’s subsequent handling of the matter, CNBC reported Wednesday. What Happened Alphabet…
Attack on Mining Company’s Convoy Kills 37 in Burkina Faso
Gunmen attacked a convoy near a Canadian-owned mining site in Burkina Faso, killing at least 37 people and wounding 60 others, the regional governor said late Wednesday. Montreal-based Semafo said the bloodshed happened about 25 miles…
China’s Smog Gauge Is Signaling Trouble
Blue skies in China as the People’s Liberation Army Air Force performed during an event marking the 70th anniversary of the party’s founding in October. Photo: china stringer network/Reuters There is a running joke in Beijing that if you…
Headset Launches Cannabis Retailer Market Benchmarking Service
This week, cannabis data intelligence company Headset announced the launch of its Retailer Market Benchmarking, a market data tracking service that will help dispensaries put their retail data into the context of the market to make…
As Iran Expands Uranium Enrichment Activity, Risks to Nuclear Deal Rise
French President Emmanuel Macron, a staunch supporter of the 2015 nuclear deal with Iran, slammed Tehran’s decision to resume uranium enrichment at an underground nuclear facility, saying the move raised the risk of the multilateral…
Prosecutors ask for delays in civil cases against JP Morgan until metals criminal case resolved
People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images Federal prosecutors have asked for two civil cases against J.P. Morgan Chase be put on hold until they have finished a…
Former Wall Street Executive Is Still Hopeful About Crypto
Michael Novogratz, CEO of Galaxy Digital Holdings Ltd (TSXV: GLXY.V), said that last year’s crash in cryptocurrency prices lowered his ambitions a little, but he remains a firm believer in the sector’s long-term potential, Reuters…
Jim Cramer and others on McDonald’s fall to seven-month low
McDonald’s stock tumbled to seven-month lows after CEO Steve Easterbrook was ousted for having a consensual relationship with an employee. He led the company fore more than four years. Five experts weigh in on what comes next for the…
US housing starts September 2019
Sam Hodgson | Bloomberg | Getty Images U.S. homebuilding tumbled from a more than a 12-year high in September, but single-family home construction rose for a fourth straight month, suggesting the housing market remains supported by lower…
Powell says the Fed would need to see a ‘really significant’ rise in inflation before hiking rates
Federal Reserve Chairman Jerome Powell said Wednesday that the central bank would need to see a sustained and significant uptick in price pressures before considering future rate hikes. “We just touched 2% core inflation to pick one…
Presidential candidate Biden has less campaign cash than top Democratic rivals
WASHINGTON/NEW YORK (Reuters) – Former U.S. Vice President Joe Biden had $9 million in his campaign bank account at the end of September, significantly less than his top rivals in the race for the 2020 Democratic presidential nomination,…
Berkshire Asks to Expand Its Bank of America Stake
Warren Buffett’s Berkshire Hathaway Inc. requested permission earlier this month from the Federal Reserve to increase its stake in Bank of America Corp. above 10 percent. Berkshire typically tries not to own more than 10% of a bank to…
MGM Resorts to Sell Bellagio, Circus Circus Properties in Las Vegas
MGM Resorts International said it is selling two casinos on the Las Vegas Strip, including its landmark Bellagio property, in separate real-estate deals. The global casino giant is putting the Bellagio into a joint venture controlled by a…
Citron Calls Bausch Health — Formerly Valeant — The ‘Textbook Turnaround’
Three years after Citron Research called Valeant the “pharmaceutical Enron,” the firm said Tuesday that it’s time to give Valeant successor Bausch Health Companies Inc the credit it is due for its rebranding and turnaround efforts.In the…
MacKenzie Bezos Is Now Worth $36.1 Billion
The mystery around MacKenzie, 49, seems carefully cultivated. She largely slipped into anonymity after Amazon’s early years and has granted no interviews since January, when her split from husband Jeff became public. The couple finalized…
Democratic front-runner Biden has less campaign cash than top rivals
WASHINGTON/NEW YORK (Reuters) – Former U.S. Vice President Joe Biden had $9 million in his campaign bank account at the end of September, significantly less than his top rivals in the race for the Democratic presidential nomination, data…
NBA’s Sacramento Kings to Reward Loyal Fans With Crypto Tokens
The NBA’s Sacramento Kings are the first U.S. professional sports team to develop a crypto token for fan rewards. “Fans can get those points and put them in their wallets and experience it all on the blockchain platform,” Kings CTO Ryan…
Quadriga CEO’s widow to return $12 million of estate assets in voluntary settlement
The widow of the founder of shuttered cryptocurrency exchange QuadrigaCX is returning about $12 million (US$9 million) of assets from his estate to the company as part of a voluntary settlement. Quadriga Fintech Solutions Corp. shut down…
These stocks could be winners if US completes this phased trade deal with China
US President Donald Trump shows a letter from Chinese President Xi Jinping as he announces and initial deal with China while meeting the special Envoy and Vice Premier of the People’s Republic of China Liu He Special Envoy and Vice…
Indianapolis is tops for fantastic museums and a great church sale
People waited patiently to be among the first to get into the Second Presbyterian Church sale in June. Jill Cornfield | CNBC If you love yard sales as much as you love bargain travel, there’s one Midwestern metropolis that’s a perfect…
In campaign stop with evangelical Christians, Trump defends his actions on Syria
(Reuters) – U.S. President Donald Trump on Saturday defended his decision to withdraw troops from northeastern Syria, telling conservative Christian activists that the United States should prioritize protecting its own borders. U.S.…
AI-based firefighter safety startup Prometeo wins IBM Call for Code Challenge – StockSharksNewsh
During an event at the United Nations Delegates Dining Room in New York City, IBM unveiled the winners to its annual Call for Code Global Challenge. The competition, which is targeted at computing solutions for global problems, crowned…
Dose of Speed: African Nations Use High-Tech Methods to Move New Vaccines
DANTENG, Ghana—African countries, which have been using cutting-edge technologies to deliver medicine to remote regions, are facing one of their biggest tests yet with the rollout of the world’s first malaria vaccine. In Malawi, Ghana and…
EU lawmakers warn US that trade disputes threaten growth and relations
14 March 2018, Germany, Frankfurt am Main: An Airbus A380 (L) and a retro design Boeing 747-8 cross each others path at the ramp of Frankfurt Airport. picture alliance | picture alliance | Getty Images European governments continued to…
Apple Inc. (NASDAQ:AAPL), Boeing Company (The) (NYSE:BA) – Barron’s Picks And Pans: Apple, Boeing, GE, Kellogg And More
This weekend’s Barron’s cover story examines ways to maximize income in a low-rate environment. Other featured articles discuss a way to play the China trade talks and what a new baby boom means for retail stocks. Also: the prospects for…
California attorney general hints he could be investigating Big Tech
California Attorney General, Xavier Becerra. Mandel Ngan | AFP | Getty Images When attorneys general from 50 states and territories announced a joint antitrust investigation into Google, many were left with one big question: Why isn’t…
Warren campaign challenges Facebook ad policy with ‘false’ Zuckerberg ad
(Reuters) – U.S. Senator Elizabeth Warren’s Democratic presidential campaign this week challenged Facebook’s policy that exempts politicians’ ads from fact-checking, by running ads on the social media platform containing the false claim…
Hong Kong Protesters to Trump: We’re Not Done Yet
HONG KONG—Thousands of antigovernment protesters in Hong Kong marched from a historic clock tower through a shopping district lined with luxury stores on Saturday, in a demonstration that some hoped would show President Trump the movement…
TerraForm Power (NASDAQ:TERP), Assured Guaranty Ltd. (NYSE:AGO) – Notable Insider Buys In The Past Week: Assured Guaranty, Red Rock Resorts, TerraForm Power
Insider buying can be an encouraging signal for potential investors. An unloved yieldco saw a beneficial owner make a big buy. A couple of companies saw insiders returning to increase their stakes. Conventional wisdom says that insiders…
These stocks are the trade talk ‘tells’ with prices to move first
President Donald Trump meets with China’s President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lemarque | Reuters A slimmed-down trade deal, stalled talks and a…