The last-ditch Republican bill to repeal Obamacare would result in 580,000 lost jobs and $240 billion in lost economic activity over the next decade, a new analysis warns. Those job and economic activity losses would ensure that growth in the U.S. gross domestic product “remains stuck in low gear of around 2 [percent] at best […]
Read moreFacebook shares fell 4.5 percent on Monday, the worst day since Nov. 3, as investors digested the company’s reaction to political pressure and new planned share sales from CEO Mark Zuckerberg. The social media company made headlines several times last week after its chief executive returned to the office from paternity leave. Upon his return, […]
Read moreElon Musk is increasingly out on his own with his doomsday predictions of a future where artificial intelligence threatens human existence. “This is a case where Elon and I disagree,” says Microsoft co-founder Bill Gates, speaking with the Wall Street Journal and Microsoft CEO Satya Nadella. “The so-called control problem that Elon is worried about […]
Read moreThe chairman of the U.S. Securities and Exchange Commission (SEC) only learned in August that hackers had last year breached the regulator’s database of corporate announcements, according to prepared congressional testimony seen by Reuters on Monday. The SEC’s enforcement staff and inspector general’s office have launched internal investigations into the breach and whether hackers illegally […]
Read moreMove over David Bowie. The brothers who brought the world Eminem are trying to cash in by selling up to $50 million shares in a startup that makes money off the hip-hop artist’s music collection, including “Lose Yourself” and “The Real Slim Shady.” The startup, Royalty Flow, filed an offering at the Securities and Exchange […]
Read moreGoogle — not Microsoft’s Bing — will now be the default for web searches on Siri, iOS, and Macs’ “Spotlight” function, Apple said on Monday. Search engines such as Google and Bing are monetized through advertisements — which means that the number of eyeballs that view the results is very important. With nearly 15 percent […]
Read moreEarlier this month CIA Director Mike Pompeo suggested “the North Koreans have a long history of being proliferators and sharing their knowledge, their technology, their capacities around the world.” My research has shown that North Korea is more than willing to breach sanctions to earn cash. Over the years North Korea has earned millions of […]
Read moreShares of Apple dipped on Monday and flirted with correction territory following a report that the company had told suppliers to scale back shipments of parts for its upcoming iPhone X. Digitimes, citing unnamed sources, reported that Apple suppliers were shipping just 40 percent of the components originally ordered for the premium phone, which goes […]
Read moreShares of Netflix dropped more than 4 percent in midday trading Monday after Recode reported 21st Century Fox is adding more inventory to its FX+ streaming service. The move spooked investors because it marks another step in big studios reclaiming their old shows from streaming competitors, pushing Netflix stock toward its worst day since November. […]
Read moreBill Gates may be the brain behind Microsoft, but even he doesn’t quite understand one technology the company’s betting on: quantum computing. “I know a lot of physics and a lot of math. But the one place where they put up slides and it is hieroglyphics, it’s quantum,” Gates told the Wall Street Journal in […]
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