Tim Cook, chief executive officer of Apple Inc., center, arrives at U.S. district court in Oakland, California, on Friday, May 21, 2021. Nina Riggio | Bloomberg | Getty Images In the past few weeks, Apple has made several changes to its App Store rules, allowing a larger number of companies to access a lower commission
Tech
Rep. Scott Fitzgerald, R-Wis., is seen during a group photo with freshmen members of the House Republican Conference on the House steps of the Capitol on Monday, January 4, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images A Republican lawmaker is readying a bill that would require businesses subsidized by foreign governments to
Zoom In IconArrows pointing outwards Source: Chaddick Institute at DePaul University. Shows U.S. airports only and includes partner airlines. Over the years, Amazon has built up an army of warehouses, shipping hubs, delivery vans and trucks to ensure it can meet its Prime pledge of delivery in two days or less. Amazon’s air fleet, which
In this article MMIT-GB Seventh grade Alabama teacher Sarah Wildes relies on a tool called Checkology to teach her students how to spot real news and misinformation. Courtesy of Sarah Wildes When Sarah Wildes, a seventh grade teacher in Alabama, was asked by a student about the mass confusion surrounding the results of the 2020
In this article UPS FDX AMZN Amazon is on a spending spree to grow its shipping business and isn’t content with only delivering products purchased on its own site. The company is now moving cargo for outside customers in its latest move to compete directly with FedEx and UPS. “They want to be a new
In this article LYFT Air travelers walk toward a Lyft pickup area at Los Angeles International Airport (LAX) on August 20, 2020 in Los Angeles, California. Mario Tama | Getty Images Lyft said Friday it would cover legal fees for drivers on its platform who are sued under Texas’ restrictive abortion law that went into
In this article .SPX MTCH The Match dating application is displayed on an Apple iPhone in an arranged photograph. Andrew Harrer | Bloomberg | Getty Images Shares of Match Group rose more than 8% after hours, following news that the company is joining the S&P 500. As of Sept. 20 the online-dating company will replace
Silhouette of a mobile user seen next to a screen projection of the Apple logo in this picture illustration taken March 28, 2018. Dado Ruvic | Reuters Apple on Friday said it would delay a controversial plan to scan users’ photo libraries for images of child exploitation. “Last month we announced plans for features intended
In this article BABA The front of Alibaba’s Wangjing office in Beijing on Dec. 24, 2020. Costfoto | Barcroft Media | Getty Images GUANGZHOU, China — Alibaba will invest 100 billion yuan ($15.5 billion) over the next few years into “common prosperity” initiatives, joining a chorus of technology giants pouring money into President Xi Jinping’s
Daniel Ek, chief executive officer and co-founder of Spotify AB, stands for a photograph after a news conference in Tokyo, Japan, on Thursday, Sept. 29, 2016. Akio Kon | Bloomberg | Getty Images Spotify shares were up more than 6% on Thursday after Apple announced that it would relax App Store rules that the streamer
In this article FB Facebook-owned WhatsApp is being censored in China as the Communist Party congress gets underway. Jaap Arriens | NurPhoto | Getty Images Facebook-owned WhatsApp has been fined a record 225 million euros ($267 million) by Ireland’s data watchdog for breaching EU data privacy rules. Ireland’s Data Protection Commission said Thursday that WhatsApp
Lina Khan, commissioner of the Federal Trade Commission (FTC) nominee for U.S. President Joe Biden, speaks during a Senate Commerce, Science and Transportation Committee confirmation hearing in Washington, D.C., U.S., on Wednesday, April 21, 2021. Graeme Jennings | Bloomberg | Getty Images The Federal Trade Commission voted unanimously to ban what it called a “stalkerware
In this article TSLA A 2019 Tesla Model 3 hit a Florida Highway Patrol car in Orlando on the morning of August 28, 2021. No injuries were reported. Courtesy: Florida Highway Patrol The National Highway Traffic and Safety Administration has added a 12th crash into the scope of its investigation into Tesla‘s Autopilot system, and is
Peter Thiel Adam Jeffery | CNBC Peter Thiel, the tech billionaire who co-founded PayPal and Palantir and backed Donald Trump’s 2016 presidential campaign, has filed plans to build large complex on a 193-hectare estate that he owns on the South Island of New Zealand. Thiel, who was also an early investor in Facebook and currently
Tim Cook, chief executive officer of Apple Inc., speaks during the Apple Worldwide Developers Conference (WWDC) in San Jose, California, U.S., on Monday, June 4, 2018. David Paul Morris | Bloomberg | Getty Images Apple on Wednesday said that some apps will be allowed to provide a link to their websites to prompt users to
In this article TSLA Tesla Tesla CEO Elon Musk said Wednesday that supply chain shortages continue to stress the automaker, and the company is delaying deliveries of the new version of the Roadster until 2023 at the earliest. Specifically, he tweeted: “2021 has been the year of super crazy supply chain shortages, so it wouldn’t
Elizabeth Holmes, the founder and former CEO of blood testing and life sciences company Theranos, arrives for the first day of jury selection in her fraud trial, outside Federal Court in San Jose, California on August 31, 2021. Nick Otto | AFP | Getty Images A jury in the Elizabeth Holmes fraud trial is expected
In this article 3690-HK DIDI Budrul Chukrut | LightRocket | Getty Images GUANGZHOU, China — Chinese regulators have summoned and interviewed 11 ride-hailing firms asking them to rectify non-compliant behavior. The Ministry of Transport, along with a number of other regulators including the Cyberspace Administration of China and State Administration of Market Supervision, jointly interviewed
A man uses his mobile phone as he walks past advertising for iPhones outside an Apple store. Philip Fong | AFP | Getty Images Eight states will roll out a feature allowing users to add driver’s license and state IDs to Apple Wallet for iPhone and Apple Watch to use at security at participating airports,
In this article TWTR Jack Dorsey, CEO of Twitter and co-founder & CEO of Square, speaks during the crypto-currency conference Bitcoin 2021 Convention at the Mana Convention Center in Miami, Florida, on June 4, 2021. Marco Bello | AFP | Getty Images Twitter on Wednesday launched Super Follows, a feature that allows select users to
In this article 9868-HK NIO L87A-FF GUANGZHOU, China — Nio and Xpeng deliveries dropped in August as the chip shortage and supply chain constraints hit the Chinese electric vehicle makers. Li Auto was the only company out of the three to register month-on-month growth. Nio delivered 5,880 vehicles in August, down from 7,931 cars in July.
Elizabeth Holmes, founder and former CEO of Theranos, arrives for motion hearing on Monday, Nov. 4, 2019, at the U.S. District Court House inside Robert F. Peckham Federal Building in San Jose, California. Yichuan Cao | NurPhoto | Getty Images In a bombshell revelation just days before her criminal fraud trial, defense attorneys for Elizabeth
In this article TSLA A 2019 Tesla Model 3 hit a Florida Highway Patrol car in Orlando on the morning of August 28, 2021. No injuries were reported. Courtesy: Florida Highway Patrol The driver of a 2019 Tesla Model 3 told officers she was using Autopilot, Tesla’s advanced driver assistance system, when she collided with
[Please refresh the page if you do not see the video player above.] Rocket builder Astra Space is going for its first launch since the company went public, and aiming to reach orbit for the first time. The new space company cut short its first launch attempt on Friday, with the rocket’s engines firing for a moment and
Craig Barritt | Getty Images The digital media industry has reached a strategic crossroads. Earlier this year, special purpose acquisition vehicles (SPACs) appeared to be the long-awaited savior of digital media companies. BuzzFeed, Vice, Bustle Digital Group and others with venture capital backing had a plan to pay back investors with publicly traded stock. A
In this article AMZN AFRM Amazon is getting into the buy now, pay later space. The e-commerce giant is partnering with Affirm for its first-ever installment payments option on the popular e-commerce site. Affirm’s buy now, pay later checkout option will be available to certain Amazon customers in the U.S. starting Friday with a broader
In this article DASH A bike messenger carries a DoorDash bag during a delivery in New York, Wednesday, Dec. 9, 2020. Michael Nagle | Bloomberg | Getty Images The City of Chicago filed two sweeping lawsuits against DoorDash and Grubhub for allegedly deceiving customers and using unfair business practices. The suits echo longstanding claims from
Investors watch an electric screen displaying stock price figures at a stock exchange hall on February 18, 2021 in Shanghai, China. VCG | Visual China Group | Getty Images Beijing is eyeing new rules that would restrict domestic internet companies to go public in the U.S., the Wall Street Journal reported on Friday. Chinese regulators
In this article 9868-HK A new Xpeng P7 car is shown in the Xpeng Motors flagship store in a shopping mall. Xpeng P7 is one of the two popular models of Xpeng motors. Zhang Peng | LightRocket | Getty Images GUANGZHOU, China — Xpeng‘s president says the Chinese electric vehicle maker is on the “right
Apple CEO Tim Cook attends Apple’s “Ted Lasso” Season 2 Premiere at Pacific Design Center on July 15, 2021 in West Hollywood, California. Axelle/Bauer-Griffin | FilmMagic | Getty Images Apple CEO Tim Cook received more than five million shares of Apple stock this week, selling most of the stock for more than $750 million, according
In this article AMZN Wei Gao, a former Amazon executive, is joining U.K. virtual events start-up Hopin as its chief operating officer. Hopin LONDON — British virtual events start-up Hopin has hired former Amazon executive Wei Gao, who once served as a “shadow” advisor to Jeff Bezos. Gao will become chief operating officer at Hopin,
In this article 1810-HK A Xiaomi logo is seen at a Xiaomi store on June 22, 2021 in Shanghai, China. Wang Gang | Visual China Group | Getty Images GUANGZHOU, China — Chinese electronics giant Xiaomi has acquired an autonomous driving start-up, jumping into an extremely competitive area, while trying to diversify its business beyond
In this article JPM AWK WVAW Business leaders in sectors ranging from tech to insurance committed billions of dollars to beefing up cybersecurity efforts at a White House meeting with President Joe Biden on Wednesday. The meeting comes in the wake of several high-profile cyberattacks, including on government software contractor SolarWinds and oil pipeline Colonial
In this article APO VZ The Yahoo! and AOL logos displayed. Justin Sullivan | Getty Images Apollo Global Management is preparing to close its $5 billion acquisition of Verizon Media on Sept. 1, and the private equity firm is already causing consternation among existing executives at the company soon to be known as Yahoo. Apollo
In this article GOOGL The Jaguar I-Pace with Waymo autonomous electric vehicle (EV) is unveiled during an event in New York, on Tuesday, March 27, 2018. Mark Kauzlarich | Bloomberg | Getty Images Alphabet-owned Waymo is asking San Francisco residents to help test its self-driving cars in the city it hopes will be its second market.
In this article MSFT Microsoft’s Xbox Series S (L) and Xbox Series X consoles. Phil Barker | Future Publishing | Future via Getty Images Microsoft is bringing its cloud gaming service to Xbox consoles later this year. The company announced Tuesday that Xbox Cloud Gaming, which lets players stream games rather than having to install
Apple CEO Tim Cook attends the opening of the new Apple Tower Theater retail store at Apple Tower Theatre on June 24, 2021 in Los Angeles, California. JC Olivera | Getty Images Ten years ago, Tim Cook was named CEO of Apple. He had a tough task. His predecessor Steve Jobs founded the company, and
Tesla CEO Elon Musk gestures as he visits the construction site of Tesla’s Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. Patrick Pleul | Reuters Tesla CEO Elon Musk on Monday called the latest release of the company’s experimental driver assistance software, FSD Beta 9.2, “actually not great” on Twitter. Specifically, Musk wrote: “FSD
In this article MSFT Microsoft Corporation Chief Executive Officer, Satya Nadella, gestures as he addresses the Future Decoded Tech Summit in Bangalore on February 25, 2020. (Photo by Manjunath Kiran / AFP) (Photo by MANJUNATH KIRAN/AFP via Getty Images) MANJUNATH KIRAN | AFP | Getty Images Microsoft shares closed at a fresh record Monday, as
In this article COIN Chesnot | Getty Images Digital currency company Circle had long claimed its stablecoin, USD Coin, was backed 1:1 by actual dollars in a bank account. In July, it was revealed this was no longer the case, with Circle disclosing in an “attestation” from auditors Grant Thornton that cash made up just
In this article LTC.CM= ETH.CM= BCH.CM= BTC.CM= PYPL PayPal has launched its cryptocurrency service in the U.K. PayPal LONDON — PayPal is launching its cryptocurrency service in the U.K. The U.S. online payments giant said Monday it would let British customers buy, hold and sell digital currencies, starting this week. It marks the the first
In this article NVDA Nvidia headquarters in Santa Clara, California, on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Nvidia’s $40 billion takeover of British chip designer Arm should be subject to an in-depth investigation, the U.K.’s competition regulator said Friday. The Competition and Markets Authority says it has sent a
Satya Nadella, chief executive officer of Microsoft Corp., speaks during an Economic Club of New York event in New York, U.S., on Wednesday, Feb. 7, 2018. Nadella discussed the responsibility tech companies need to take over the future of artificial intelligence. Mark Kauzlarich | Bloomberg | Getty Images Personal computers with Windows have made sounds
An Amazon warehouse Getty Images Amazon has stepped up its offensive against antitrust proposals in Congress by launching a website to communicate with sellers about the legislation. The website allows sellers to sign up to receive more information from Amazon’s public policy team about the package of antitrust legislation, approved in June by the House
In this article AAPL This photo, taken in March 2019, shows Apple’s headquarters in Cupertino, California. felixmizioznikov | iStock Editorial | Getty Images Apple staff won’t be returning to the office until January, amid fears over surging coronavirus cases, CNBC has confirmed. News of the delay was first reported by Bloomberg. The company has told
Crypto trader and vlogger Farhan Hotak traveling to the Shah Wali Kot District in Afghanistan. Farhan Hotak isn’t your typical 22 year-old Afghan. In the last week, he helped his family of ten flee the province of Zabul in southern Afghanistan and travel 97 miles to a city on the Pakistani border. But unlike others
David Lidstone, an off-the-grid New Hampshire hermit known to locals as “River Dave,” doffs his hat after speaking to media outside Merrimack County Superior Court after a status conference hearing, Wednesday, Aug. 11, 2021, in Concord, N.H. Elise Amendola | AP Palantir CEO Alexander Karp has donated $180,000 to a New Hampshire hermit who has
Jeff Bezos, owner of Blue Origin, introduces a new lunar landing module called Blue Moon during an event at the Washington Convention Center, May 9, 2019 in Washington, DC. Mark Wilson | Getty Images Jeff Bezos flew to space late last month, but his company has lost top talent since the billionaire space founder came