Archive — Page 8
Browse historical coverage in reverse chronological order.
China’s Mighty Yangtze Is Heaving From Rain and the Three Gorges Will Be Tested
Heavy rain has battered central and southern China over the past few weeks, causing widespread flooding—the worst in decades. China has a long history of deadly floods, including one in 1931 that killed two million people and another in…
Raphael Bostic, the Fed’s first Black branch president, says racism has economic impacts
President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. Clodagh Kilcoyne | Reuters The Federal Reserve has a role to…
Spotify Strikes New Licensing Deal With Universal Music Group
Money could soon be flowing from labels back into Spotify Technology SA’s coffers, thanks to a new deal struck with the world’s largest record company. Spotify reached a new licensing agreement with Vivendi SA’s Universal Music Group that…
Facebook Creates Teams to Study Racial Bias, After Previously Limiting Such Efforts
Facebook Inc. is creating new teams dedicated to studying and addressing potential racial bias on its core platform and Instagram unit, in a departure from the company’s prior reluctance to explore the way its products affect different…
Worst Flooding in Decades Raises Concerns Over China’s Three Gorges Dam
BEIJING—Two months of unusually powerful rains in central and southern China have swelled the Yangtze River, triggering the worst flooding in decades and raising concerns about the Three Gorges Dam, the world’s largest hydroelectric…
Blockbuster Sunrun/Vivint Merger Challenges Tesla Solar Ambitions
The rooftop solar industry in America was shocked last week to learn that Sunrun was buying Vivint Solar for $1.46 billion in stock. In addition, Sunrun is agreeing to assume about $1.8 billion in debt owed by Vivint. “Sunrun will be…
Jamf, Software Maker for Apple Users, Plans Up to $304 Million IPO
Jamf Holding, an Apple (AAPL) – Get Report Enterprise Management software provider, said Tuesday that it would go public, selling 16 million shares at $17 to $19 each and raising $272 million to $304 million. The company is offering 13.5…
Aphria, Aurora Cannabis explored merger in recent talks
Aphria Inc. and Aurora Cannabis Inc. recently held advanced talks to merge the two Canadian pot producers in what would have been a blockbuster deal, but those discussions broke down late last week, according to two people familiar with…
App Annie launches ad analytics product Ascend – StockSharksNewsh
App Annie is building on last year’s acquisition of analytics company Libring with the launch of a new version of Libring, rebranded as App Annie Ascend. CEO Ted Krantz told me that while Ascend will be sold to existing App Annie…
Huawei posts revenue growth in H1 despite sanctions and pandemic – StockSharksNewsh
Huawei reported a 13.1% year-over-year revenue growth in the first half of 2020, even if countries around the world continued to weigh up bans on its equipment and smartphone sales shrink amid the pandemic, the telecom giant said in a…
Luckin Coffee replaces chairman Charles Lu – StockSharksNewsh
Luckin Coffee has replaced co-founder and (now ex-) chairman Charles Zhengyao Lu, despite his efforts to maintain control over the troubled Beijing-based coffee chain. The company disclosed in an SEC filing on Monday that Jinyi Guo,…
U.S. Rejects Most Chinese Maritime Claims in South China Sea
HONG KONG—The U.S. declared its formal opposition to a swath of Chinese claims in the South China Sea, in an unusually direct challenge to Beijing’s efforts to assert control in the strategic waters. Announcing the policy shift on Monday,…
Why some investors are holding onto Wirecard shares even after insolvency
Why some investors are holding onto Wirecard shares even after insolvency SEARCH QUOTES Source link
SoFi Makes Second Attempt to Start Its Own Bank
Financial-technology startup Social Finance Inc. is taking another shot at the banking business. The San Francisco-based company run by former Twitter Inc. executive Anthony Noto filed an application with regulators this week to create…
Ford blends tech and nostalgia in the 2021 Bronco – StockSharksNewsh
The Bronco is officially back. After 24 years, Ford relaunched the 2021 Bronco in a splashy reveal streamed Monday evening on ABC, ESPN and National Geographic, each short film showcasing a different member of the family: the Bronco…
Seven Rules of Zoom Meeting Etiquette From the Pros
Video-meeting apps have grown up—now users need to, too. Zoom saw daily meeting participants soar to a peak of 300 million in the latest quarter, up from 10 million before the pandemic. Roughly two-thirds of U.S. workers who have been…
BigCommerce files to go public – StockSharksNewsh
As expected, BigCommerce has filed to go public. The Austin, Texas, based e-commerce company raised over $200 million while private. The company’s IPO filing lists a $100 million placeholder figure for its IPO raise, giving us directional…
SoftBank Explores Sale or IPO for Chip Designer Arm Holdings
SoftBank Group Corp. is exploring alternatives including a full or partial sale or public offering of British chip designer Arm Holdings, which the Japanese conglomerate bought four years ago for $32 billion, according to people familiar…
Mighty Health created a wellness app with older adults top of mind – StockSharksNewsh
Virtual classes might make it easier to work out anywhere, anytime, but not for anyone. Mainstream fitness tech often targets the young and fit, in advertisements and cardio-heavy exercises. It effectively excludes aging adults from…
CVS Corporation (NYSE:CVS), Kroger Company (The) (NYSE:KR) – What Does The Job Market Look Like For 2020? Indeed Data Sheds Some Light
The U.S. saw an increase of over 400,000 jobs in May from April’s historic lows. With unemployment still in the double digits, and topping 20% in some states, you might wonder more about the jobs that are being created. We turned to…
China Congestion And Stubborn Storage Buoy Tanker Rates
Good news for tanker rates: Port congestion is on the rise, particularly in China. Floating storage is down from its peak, but there’s a very long way to go before all those cargoes are unloaded. And on the tanker supply side of the…
LA-based Replicated adds former GitLab head of product as its chief product officer – StockSharksNewsh
Replicated, the Los Angeles-based company pitching monitoring and management services for Kubernetes-based applications, has managed to bring on the former head of product of the $2.75 billion-valued programming giant GitLab as its new…
Hagia Sophia Has Reverted to a Mosque, Erdogan Says
ISTANBUL—President Recep Tayyip Erdogan said Friday that the city’s sixth-century Hagia Sophia, which became a symbol of secularism in modern Turkey when it was converted into a museum in the 1930s, would reopen to Muslim prayer as a…
Levi Strauss, AMC, Disney and more
Stocks making the biggest moves after hours: Levi Strauss, AMC, Disney and more SEARCH QUOTES Source link
Rackspace is going public again – StockSharksNewsh
We look at Rackspace’s finances, a Facebook code change causes numerous app issues and electric vehicle company Rivian raises $2.5 billion. Here’s your Daily Crunch for July 10, 2020. The big story: Rackspace is going public again The…
Investors, Don’t Subscribe to Every Twitter Rumor
Twitter shares soared as much as 12% on Wednesday after a job posting surfaced suggesting the company is building a subscription platform. Amid the growing threat of politically-driven ad boycotts in the industry, investors were quick to…
CBP says it’s ‘unrealistic’ for Americans to avoid its license plate surveillance – StockSharksNewsh
U.S. Customs and Border Protection has admitted that there is no practical way for Americans to avoid having their movements tracked by its license plate readers, according to its latest privacy assessment. CBP published its new…
What’s Been Good for PCs Has Been Great for Google
The personal-computer industry finally got its work-from-home boost. And a good bit of help from the kids. Market research firms Gartner and IDC reported second-quarter PC sales data on Thursday, and this time there was quite a spread in…
Google’s Fitbit deal could avoid EU antitrust probe by agreeing not to use health data for ads – StockSharksNewsh
Google announced its plans to acquire Fitbit for $2.1 billion back in November. As of this writing, the deal has yet to go through, courtesy of all the usual regulatory scrutiny that occurs any time one large company buys another. EU…
Amazon Tells Employees to Delete TikTok From Mobile Devices on Security Concerns
Amazon.com Inc. is requiring its hundreds of thousands of employees to remove the TikTok app from company mobile devices due to unspecified security risks, the latest high-profile instance in which the app has faced backlash in the U.S.…
Here’s a list of tech companies that the SBA says took PPP money – StockSharksNewsh
The U.S. Treasury Department released Monday a highly anticipated trove of data identifying every company that has received a loan of more than $150,000 from the Paycheck Protection Program (PPP) — a list that includes some of the hottest…
4 Lending Platforms Taking Chicago By Storm
As we move forward into the third decade of the 21st century, fintech companies are beginning to find more and more innovative ways to help everyday consumers finance the important things in their life. Here are four of the…
Mercedes-Benz 2021 S-Class jumps on the giant touchscreen bandwagon – StockSharksNewsh
Mercedes-Benz sent out a teaser image and video Monday of its upcoming 2021 S-Class that hints at a sleeker interior that forgoes the bevy of physical knobs and toggles found in previous models in favor of a digital-centric design. The…
Instagram Reels arrives in India following TikTok’s ban – StockSharksNewsh
In the wake of India’s decision to ban TikTok and other dozens of other Chinese apps over privacy concerns, Instagram has expanded its TikTok rival, known as Reels, in the region. The launch in India also comes only days after Facebook…
What Restaurants Need to Reopen: a Flattened Infection Curve and Fresh Air
PARIS—Public-health authorities in the U.S. have singled out restaurants and bars as a source of coronavirus contagion. Yet in Europe, bistros, pizzerias and cafes bustling with clientele have had no major outbreaks. The difference,…
is edtech changing how we learn? – StockSharksNewsh
In the future, students might dismiss stories about weather-related school closures as folklore. The COVID-19 pandemic compelled us to experiment with edtech, but it’s still unclear whether attending school virtually with a laptop at the…
Barstool’s Dave Portnoy to focus on sports betting when sports return
As Penn National Gaming works to reopen its casinos and gaming operations, Barstool founder Dave Portnoy is itching to return to his roots. Portnoy, an avid sports bettor who began betting on stocks after professional sports paused due to…
Facebook Suspending Review of Hong Kong Requests for User Data
Facebook Suspending Review of Hong Kong Requests for User Data Source link
Uber confirms it is acquiring Postmates in an all-stock, $2.65B deal – StockSharksNewsh
Competition continues to heat up in the food delivery wars. In the latest development, Uber today announced that it has acquired Postmates in a $2.65 billion, all-stock deal. It plans to run the business alongside its own food delivery…
Can a More Powerful Taser End Police Killings?
Rick Smith, the man who pioneered Taser stun guns, says he wants to manufacture a next-generation Taser that is so effective police officers won’t have to use their pistols anymore. But he says it will take 10 years. “Lethal force, even…
‘There is a level of resiliency in Silicon Valley that we did not have 10 years ago’ – StockSharksNewsh
Earlier this week, GGV Capital’s Jeff Richards and Hans Tung joined TechCrunch for an Extra Crunch Live session. During our hour-long chat, we touched on startup profitability, the global venture capital scene, why GGV doesn’t have an…
French Prime Minister Resigns, Triggering Shuffle of Macron’s Government
PARIS—The government of President Emmanuel Macron was upended Friday following the resignation of his prime minister, Édouard Philippe, who spearheaded the president’s pro-business agenda and garnered significant popularity for his…
After losing Grubhub, Uber reportedly hails Postmates – StockSharksNewsh
Uber has reportedly made an offer to buy food delivery service Postmates, according to The New York Times. According to the Times, the talks are still ongoing and the deal could fall through. For those that have been paying attention to…
Artificial Intelligence Helps to Decode Mysterious Earthquake Swarms
In 2018, seismologists at the California Institute of Technology got several emails asking about a flurry of small earthquakes near Cahuilla in Southern California. What was going on underground? How long might the tremors last? The…
Bill Ackman’s blank-check company Pershing Square Tontine files for IPO to raise $3 billion
Billionaire investor Bill Ackman’s Pershing Square Tontine Holdings Ltd., a “blank check company,” filed for an initial public offering to raise $3 billion. Under terms of the filing, the company is offering 150,000,000 units, which…
Finnish telecom operators share new 5G spectrum
HELSINKI (Reuters) – Finnish telecom operators Telia, Elisa and Telenor-owned DNA all won frequencies at the country’s auction of new high-speed 5G mobile networks on Monday, the Ministry of Transport and Communications said. Finland…
GENIUS BRANDS INTL. (GNUS), Mattel, Inc. (NASDAQ:MAT) – Genius Brands CEO Says Short Reports Full Of ‘Misleading Statements’
Genius Brands International Inc (NASDAQ: GNUS), a children’s media company, said Monday that recent short reports are full of “misleading statements, omissions of key facts, and red herrings.” The stock trades around $5.42 per share,…
How the First Popular Movie Ever to Stream Online Was Made
How the First Popular Movie Ever to Stream Online Was Made Source link
Exclusive: Tesla’s secret batteries aim to rework the math for electric cars and the grid
(Reuters) – Electric car maker Tesla Inc (TSLA.O) plans to introduce a new low-cost, long-life battery in its Model 3 sedan in China later this year or early next that it expects will bring the cost of electric vehicles in line with…
Taiwan Firm To Build Chip Factory in U.S.
Taiwan Semiconductor Manufacturing Co., the world’s largest contract manufacturer of silicon chips, is set to announce plans to build an advanced chip factory in Arizona as U.S. concerns grow about dependence on Asia for the critical…
Forerunner Ventures’ Kirsten Green demystifies the COVID-19 consumer – StockSharksNewsh
“In general, the consumer has proven to be more resilient than I would have thought,” said Kirsten Green, founder of Forerunner Ventures, which has investments in breakout D2C stars like Glossier, Hims and Bonobos. She joined us for an…
Intelsat files for Chapter 11 bankruptcy
(Reuters) – Satellite operator Intelsat SA said late on Wednesday that it filed for Chapter 11 bankruptcy protection, making it the latest casualty of severe business disruptions caused by the COVID-19 pandemic. The company listed assets…
Coronavirus Finishes the Retail Reckoning That Amazon Started
Amazon.com hurt many retailers. Coronavirus will finish some of them off. Even as malls and stores begin to reopen, the Covid-19 pandemic has taken a toll on an industry already battered by the shift to online shopping. More than two…
France passes law forcing online platforms to delete hate-speech content within 24 hours – StockSharksNewsh
France’s lower chamber of the parliament has voted in favor of a controversial law against hate speech on social networks and online platforms. As I described last year, online platforms will have to remove within 24 hours illicit content…
Amazon’s livestreaming platform Twitch announces safety advisory council
(Reuters) – Amazon Inc (AMZN.O)’s video game live-streaming platform Twitch is forming an advisory council of experienced users, online safety experts and anti-bullying advocates to help improve safety on the site, Twitch said in a blog…
(ACCYY), (BNPQY) – The French Open Could Still Happen, Just Behind Closed Doors
On Sunday, we learned that the postponed French Open could still be happening, just without fans. Last Thursday, the French Tennis Federation (FFT) opted to reimburse tickets as opposed to transfer them to the new tentative date, one that…
Tencent Profit Rises After Coronavirus Fuels Demand for Online Games
Tencent Holdings Ltd.’s first-quarter profit was fueled by strong demand for mobile games as homebound Chinese consumers turned to online entertainment during the coronavirus pandemic. Tencent, the world’s biggest videogame company by…
Origin wants to make accessible physical therapy women’s new normal – StockSharksNewsh
“I spend a lot of time being angry — but I’m still hopeful. Gender bias in medicine is systemic,” says Carine Carmy, the fast-talking CEO and co-founder of Origin, during a condensed chat about her startup mission to make physical therapy…
Uber to require drivers, riders to wear masks around the world
(Reuters) – Uber Technologies, Inc. (UBER.N) on Wednesday said it will require drivers, delivery workers and riders globally to wear a mask as countries around the world begin easing restrictions aimed at curbing the spread of the…
As Coronavirus Cases Fall, Countries Struggle to Measure When It’s Safe to Reopen
As the pace of new coronavirus infections slows across Europe, governments are reconsidering how best to measure the progress of the disease and guide their decisions on loosening lockdowns. Some are finding that the gauges they used as…