Klarna, Europe’s $5.5 Billion Fintech, Sees Losses Rise Sevenfold In The First Half
Swedish online payments firm Klarna reported a ballooning net loss in the first half of 2020, as the company invested…
Category: Technology
Facebook Removes Kenosha Militia Page Following Deadly Shooting
Facebook on Wednesday said it removed the Facebook page and for a militia group in Kenosha, Wisconsin, after a gunman…
Amazon Unveils Halo To Battle Apple Watch And Fitbit — Tracks Activity, Body Fat, Emotions
Amazon is entering the wearables market in a big way. The company on Thursday introduced a wristband for health and…
Salesforce Cuts About 1,000 Jobs Even As Stock Has Record One-Day Surge
Salesforce is cutting about 1,000 jobs, or close to 2% of its workforce, after a blowout earnings report pushed the…
Walmart Is Teaming Up With Microsoft On TikTok Bid
Walmart said it’s teaming up with Microsoft in a bid for TikTok. The retail giant confirmed to CNBC that it’s…
TikTok Likely To Announce Sale Of U.S. Operations In The Coming Days; Walmart Has Expressed Interest
TikTok is nearing a deal to sell its U.S. operations and could announce a deal in the coming days, according…
Stocks Making The Biggest Moves In The Premarket: Hormel, Medtronic, Best Buy, Exxon & More
Hormel (HRL) – The food producer reported quarterly earnings of 37 cents per share, 3 cents a share above estimates.…
Tesco To Create 16,000 More Permanent Jobs In Online Boom
Britain’s largest supermarket Tesco on Monday said it will create an additional 16,000 permanent jobs to support the exceptional growth…
Exclusive: ByteDance Investors Seek To Use Stakes To Finance TikTok Bid
ByteDance investors are in talks to use their stakes in the Chinese technology firm to help finance their bid for…
Zoom Video, Up 330% This Year, Could Have More Room To Run
One of the hottest stay-at-home stocks could be set for more upside, said Todd Gordon, managing director at Ascent Wealth…
Apple Fires Back In Court, Says Epic Games CEO Asked For Special Treatment
Apple responded to Epic Games’ lawsuit accusing it of anticompetitive behavior in how it controls the App Store, telling the…
Uber’s Former Security Chief Charged For Allegedly Concealing Data Breach
Uber’s former chief security officer has been charged with trying to conceal from federal investigators a 2016 data breach that…
Facebook Wins Preliminary Approval To Settle Facial Recognition Lawsuit
Facebook Inc won preliminary approval late on Wednesday from a federal court for settlement of a lawsuit that claimed it…
Exclusive: GM Bets On Electric Cadillacs And Micro-Vans To Reverse China Slide
General Motors (GM.N) is overhauling its Chinese line-up with a greater emphasis on electric cars and smart-driving technology to stem…
Uber And Lyft Competitors Ready To Pounce If Service Is Suspended In California
Ride-hailing competitors to Uber and Lyft are already preparing to seize the moment if the industry leaders decide to pull their service in California…
Apple Tops $2 Trillion In Market Value
Apple Inc (AAPL.O) became the first publicly listed U.S. company with a $2 trillion stock market value on Wednesday, as…
Elon Musk’s SpaceX Raises $1.9 Billion In Funding
Billionaire Elon Musk’s SpaceX has raised $1.9 billion in new funding, according to a regulatory filing bit.ly/3178nk3 on Tuesday. would be…
Why Oracle’s Bid For TikTok Might Not Be As Crazy As It Sounds
Oracle’s bid to acquire TikTok’s U.S. business might not be as bizarre as it initially sounds, analysts told CNBC Tuesday.…
Trump Makes Another Attempt To Blame Amazon For Post Office Problems
President Donald Trump on Monday repeated his belief that Amazon is to blame for the U.S. Postal Service’s demise. “Amazon…
Tech-Fuelled ‘Everything’s Awesome’ Rally Looks Unstoppable
Today’s $72 trillion question for investors: To buy or not to buy into the global equities rally? Notwithstanding inflated share…
Alibaba Shares Hold Up In Face Of Trump Threats
Shares in Chinese online retail giant Alibaba (BABA.N) ground out gains on Monday as profits for smaller peer JD.com buoyed…
Amazon Investigated By German Watchdog For Abusing Dominance During Pandemic
Amazon is being investigated by German authorities for allegedly abusing its market position during the coronavirus pandemic. The investigation, being…
Walmart’s Flipkart Eyes Alcohol Delivery Foray With Indian Startup, Letters Show
Walmart’s (WMT.N) e-commerce platform Flipkart has partnered with a startup backed by spirits giant Diageo to deliver alcohol in two…
Retailers Launch Coalition To Fight Counterfeits On Amazons
The Retail Industry Leaders Association (RILA), whose members include companies such as Walmart Inc and Target Corp, said on Friday…
NSA, FBI Expose Russian Intelligence Hacking Tool
The U.S. National Security Agency and Federal Bureau of Investigation have exposed a sophisticated Russian hacking tool, they said on…
U.S. Federal Contract Ban Takes Effect For Companies Using Products From Huawei, O0thers
New regulations took effect on Thursday barring the U.S. government from buying goods or services from any company that uses…
Uber CEO Says Its Service Will Probably Shut Down Temporarily In California If It’s Forced To Classify Drivers As Employees
Uber would likely shut down temporarily for several months if a court does not overturn a recent ruling requiring it…
Sumner Redstone, Billionaire Media Tycoon, Dead At Age 97
Sumner Redstone, the media mogul who built his family’s drive-in theater chain into a multibillion-dollar empire encompassing CBS and Viacom…
Exclusive: U.S. ban on TikTok could cut it off from app stores, advertisers – White House document
President Donald Trump’s executive order banning China’s TikTok could prevent U.S. app stores from offering the popular short-video app and…
Tesla Announces Five-For-One Stock Split
Tesla announced a five-for-one stock split on Tuesday evening. The split goes into effect on August 31. Tesla shares rose…