Tesla climbs as Musk prepares to hand over first Model 3 cars Shares of Tesla Inc rose nearly 1 percent on Friday ahead of a handover to customers of its first Model 3 sedans, the electric cars that Chief Executive Officer Elon Musk is betting will propel his company into […]
Alleged bitcoin fraud ‘mastermind’ sought by U.S. held in Greek prison A Russian national suspected of masterminding a money-laundering operation using bitcoin was transferred to prison in Greece on Friday, while the United States prepares documentation to back an extradition request for him. Russian national Alexander Vinnik, 38, is suspected […]
Roomba vacuum maker iRobot betting big on the ‘smart’ home The Roomba robotic vacuum has been whizzing across floors for years, but its future may lie more in collecting data than dirt. That data is of the spatial variety: the dimensions of a room as well as distances between sofas, […]
Google, Facebook show power of ad duopoly as rivals stumble Quarterly results from Alphabet Inc (GOOGL.O) and Facebook Inc (FB.O) provided fresh evidence this week that the digital advertising market is effectively a duopoly, a dynamic with deep implications for two of Silicon Valley’s titans. Alphabet, the owner of Google […]
Genish arrival tightens Vivendi hold on Telecom Italia Telecom Italia (TLIT.MI) named Vivendi’s Amos Genish as its general manager for operations on Friday as the French media giant tightened its grip on the Italian phone group, where it is the largest shareholder. The appointment comes after Telecom Italia (TIM) parted […]
Amazon Jeff Bezos becomes world’s richest Forbes Amazon.com Inc (AMZN.O) Chief Executive Jeff Bezos has unseated fellow tech billionaire Bill Gates as the richest person in the world, profiting from the e-commerce company’s meteoric stock rise to reach a fortune of $90.6 billion, Forbes reported. Amazon shares jumped 1.6 percent […]
Twitter shares tumble as user growth stalls Twitter Inc (TWTR.N) shares plunged more than 14 percent on Thursday after the social media platform disappointed investors with stagnant monthly active user growth in the second quarter. Despite its appeal among celebrities and public figures, Twitter has struggled to sustain its closely […]
Intel lifts forecasts as driverless tech, AI add to PC gains Chipmaker Intel Corp raised its full-year revenue and profit forecasts on higher expectations for its mainstay personal computer business and growth in newer areas such as artificial intelligence and autonomous driving. Shares of the world’s largest chipmaker, which also […]
Flush times for hackers in booming cyber security job market The surge in far-flung and destructive cyber attacks is not good for national security, but for an increasing number of hackers and researchers, it is great for job security. The new reality is on display in Las Vegas this week […]
Digital currency start-ups shrug off SEC warning on fund raising Technology companies looking to raise money by issuing digital coins are moving forward with their plans despite a U.S. regulator’s decision that their offerings may be subject to tough securities laws. Such initial coin offerings, or ICOs, have allowed startups […]
