China, home to the second largest number of World Heritage Sites, is getting some hi-tech help from drones to bolster conservation efforts at the crumbling Jiankou section of its Great Wall. Already used in logistics, transport and agriculture, the deployment of the remote-controlled flying machines in heritage conservation marks a further use of the advanced […]

Sprint announced on Wednesday that its Board of Directors appointed CFO Michel Combes to the role of CEO. Acting CEO Marcelo Claure will fill the role of executive chairman at Sprint, as well as new roles at SoftBank, in preparation for the proposed Sprint-T-Mobile merger. Claure and Combes are expected to assume their new roles […]

Zynga announced a new share structure on Wednesday that voluntarily reduces the voting power of chairman and co-founder Mark Pincus. The gaming company, which makes titles like “Farmville,” said on Wednesday that it was moving from a multi-class structure to a single class, reducing Pincus’ control to about 10 percent, down from about 70 percent. […]

Amazon is offering its discounted credit card fees to retailers that adopt Amazon Pay, the company’s online payments service, according to Bloomberg. The report on Wednesday, citing people with knowledge of the matter, said Amazon has offered the discounts to a number of smaller sellers with higher credit card fees than Amazon, which is able […]

A considerable amount of discussion has taken place since President Trump took an aggressive stance confronting Amazon as being “too huge.” But a more important question is how we as a society feel about the impact of the entire online tsunami. The rapidly increasing trend to purchase items online has left in its wake decimated […]

Tesla shares rose on a narrower-than-expected loss on Wednesday as the electric car maker made gains in Model 3 production in April. Here’s how the company did compared with what Wall Street expected: Adjusted loss per share: -$3.35 per share vs. -$3.58 per share forecast by Thomson Reuters Revenue: $3.41 billion vs. $3.22 billion forecast […]

Spotify will report quarterly results on Wednesday for the first time as a public company. Here’s what Wall Street expects: Loss per share: 36 euro cents (43 U.S. cents) expected by a Thomson Reuters consensus estimate Revenue: 1.14 billion euros ($1.36 billion) expected by Thomson Reuters Subscribers: 75.1 million expected by a FactSet consensus estimate […]

A top enforcement official with the Securities and Exchange Commission says many so-called “initial coin offerings” (ICOs) launching new cryptocurrencies are, in fact, securities offerings in disguise. And that could be putting investors at risk. “They’re raising a lot of money, but they’re not complying with the rules that are in place to protect investors,” […]

The recent dip in sales of Apple iPhones should not worry investors, said Walter Piecyk, managing director at BTIG, a financial services firm in New York City. “At some point you’re going to upgrade this product, because it’s the most important product in your life,” Piecyk told CNBC on Wednesday. In fact, Piecyk predicted the […]

Cambridge Analytica is shutting down, the company said Wednesday. The political research firm with ties to the Donald Trump campaign has been caught in a whirlwind of privacy and data collection allegations in recent months. The research firm was accused of improperly gaining access to the sensitive user information of as many as 87 million […]