On Amazon’s Prime Day, Wal-Mart and its digital arm, Jet.com, were seen matching many of the internet giant’s discounts on an assortment of items, according Market Track. The market tracking firm reviewed price comparisons between many of the major retailers — Target, Best Buy, Wal-Mart and its Jet.com — throughout the day, finding that Wal-Mart’s […]
Read moreThe Hyperloop is one step closer to completing its transition from concept to reality after a successful, though limited, full scale test run by Hyperloop One. The transportation startup said it completed the first full system Hyperloop test in a vacuum environment in mid-May at the company’s development test loop just north of Las Vegas. […]
Read moreAmazon said the Echo was among its best selling devices during Prime Day on Tuesday. If you bought one, we’ll give you some tips on how to get the most out of it. In fact, we’ve been building a database covering some of the basics and even some of the new features that have launched […]
Read moreRoyal Bank of Scotland will pay $5.5 billion to settle one of the two major U.S. investigations into allegations it mis-sold mortgage-backed bonds that it needs to resolve before the government can sell its shares in the bailed-out bank. The Edinburgh-based bank lender on Wednesday said it agreed to settle the lawsuit with the U.S. […]
Read moreCurrency, United States Finance
Samsung to back European start-ups with $150 million investment fund
Samsung‘s venture capital arm announced Wednesday it is expanding into Europe to invest in the continent’s start-up scene. Samsung NEXT will use a $150 million global fund raised in January to target early stage start-ups in Europe for investment or acquisition, focusing on tech companies working on artificial intelligence, the internet of things, augmented reality […]
Read moreMicrosoft is putting its artificial intelligence technology to work to help the visually impaired. The company said on Wednesday that it’s releasing an iOS app called Seeing AI that uses an iPhone’s camera to tell people about objects in front of them. The app shows off Microsoft’s current capabilities in AI, while also addressing a […]
Read moreFederal Reserve Chair Janet Yellen emphasized Wednesday that the central bank is closely watching tepid inflation data but that she still expects to begin shrinking its $4.5 trillion bond portfolio later this year. In prepared remarks for her semiannual testimony Wednesday and Thursday on Capitol Hill, she said that the bond portfolio, or balance sheet, […]
Read moreIPhone and iPad users can now make purchases on the iTunes App Store with PayPal. This might help quell fears among holdouts still worried about using their credit cards online. PayPal’s service is now available in the United States, Canada, Mexico, the company said Wednesday. Customers can swap to the PayPal payment option by opening […]
Read moreIt’s been a dark few weeks for the venture capital industry, which has been stung by repeated stories of sexual harassment. A new fund by women and for women should come as a welcome development to female entrepreneurs. XFactor Ventures, a $3 million fund backed by venture firm Flybridge Capital Partners, has been formed to […]
Read moreCheck out which companies are making headlines before the bell: Harley-Davidson – Bernstein downgraded the motorcycle maker to “market perform” from “outperform,” saying demographic studies point to a “long, uphill ride” to sustainable unit growth. ABM Industries – ABM struck a deal to buy privately held janitorial services rival GCA Services for $1.25 billion in […]
Read more