A U.S. judge on Tuesday said Uber “withheld evidence from me” and granted a request from Alphabet‘s Waymo self-driving car unit to delay a trade secrets trial that had been scheduled to begin next week. The delay centers around a letter from a former Uber security analyst to an Uber lawyer. The former employee reportedly […]
Read moreThe world’s largest bitcoin exchange by trading volume is launching in the U.S. BitFlyer, based in Tokyo, announced Tuesday it became the fourth digital currency exchange to receive a “BitLicense” to operate in New York. The exchange said it also has licenses to operate in 40 other states. Coinbase, Circle and Ripple are the three […]
Read moreJerome Powell, picked by President Donald Trump to lead the Federal Reserve, said Tuesday that he favors “tailoring” regulations to alleviate the burden on smaller banks. Speaking before the Senate Banking Committee during his confirmation hearing, Powell mentioned several areas that he’d like to see addressed when it comes to the rules that banks operate […]
Read moreCyber Monday 2017 is going down in the history books. Digital transactions on Monday reached a record $6.59 billion, Adobe Insights unveiled Tuesday in its final update on the holiday weekend. That marks a 16.8 percent increase from a year ago and makes Monday the largest online shopping day in U.S. history. Mobile also had […]
Read moreFormer Fortress hedge fund manager Michael Novogratz told a conference Tuesday that the digital currency market will be a wild roller coaster ride full of froth and shady behavior. “I think this [crypto] is going to be the biggest bubble of our lifetimes by a longshot,” he said at the CoinDesk Consensus: Invest conference in […]
Read moreAmazon‘s Echo Dot was the top-selling product on Amazon.com over the holiday weekend, the company revealed Tuesday morning. Earlier this year, the mini Alexa-enabled device also outsold all other products on Amazon’s Prime Day, which was the internet giant’s most successful Prime Day to date. “Customers purchased millions of Amazon’s Alexa-enabled devices this weekend, and […]
Read moreConsumer optimism ripped higher in November, building on historic highs set in the previous month. The Conference Board’s measure of consumer confidence rose to 129.5, the highest mark since the index hit 132.6 in November 2000. Economists polled by Reuters anticipated a decline to 124, after October registered 126.2. “Consumer confidence increased for a fifth […]
Read moreAmazon said Time Warner‘s broadcast unit Turner had signed up for its Amazon Web Services, a notable contract win for the Seattle tech company as competition within the fast-growing cloud computing market intensifies. As part of the deal, Turner, the company behind CNN, TNT and several other cable channels, will be migrating “decades of content” […]
Read moreBroadcom is finalizing candidates for a full slate of candidates to join Qualcomm‘s board, sources told CNBC. The deadline to nominate is December 8. Qualcomm has 11 directors right now, and Broadcom’s nominee list to replace them could come out next week, the sources said. Broadcom is keeping its options open after Qualcomm rejected its […]
Read moreWeWork has made its name — and collected billions of dollars from investors — by providing places for people to work. Now, it is buying a social network meant to bring people together in their off time. WeWork plans to announce on Tuesday that it has bought Meetup, whose 35 million members use the service […]
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