Major U.S. indexes posted declines as yields on U.S. government debt rose ahead of Asia’s Tuesday trading day. U.S. stocks closed lower after the yield on the 10-year Treasury note rose above 2.7 percent, its highest levels since April 2014. The rise in bond rates this year has been driven by concerns over higher inflation. […]
Read moreUber had looked at buying a Chicago-based freight logistics company to complement its existing UberFreight service, several people briefed on the process say. The ride-hailing startup spoke to Load Delivered Logistics, a broker for freight trucking routes, as recently as this month, but deal talks fell apart, the sources say. An Uber spokesperson said the […]
Read moreIn the latest sign of tremendous interest in cryptocurrencies, more than 1 million people have joined the waitlist for Robinhood Crypto in just four days. No-fee stock trading app Robinhood announced Thursday it was rolling out commission-free trading in digital currencies bitcoin and ethereum beginning in February. Although the service will initially only be available […]
Read moreApple is testing several key levels of support ahead of its earnings report due out later this week. The chart, at least over the course of the last week, isn’t pretty. Apple just posted its worst week since last September amid a slew of bad news, like cautious analyst coverage of the iPhone maker. On […]
Read moreAmazon is testing a new invitation-only program that would provide sellers with more efficient storage and shipping options and allow merchants to add Amazon’s software and logistics into their own warehouses. Amazon described the new service, called FBA Onsite, as a “groundbreaking” program that combines the best parts of its existing fulfillment programs and brings […]
Read moreJapanese semiconductor company Renesas Electronics is in talks to acquire U.S. chipmaker Maxim Integrated in what could be close to a $20 billion acquisition. A deal isn’t imminent and one may not happen, the people said, who asked not to be named because the discussions are private. Renesas has a market capitalization of about $20 […]
Read moreFacebook said Monday that changes it’s making to its content-recommendation software will put more local news into users’ feeds. “Today, we’re updating News Feed to also prioritize local news so that you can see topics that have a direct impact on you and your community and discover what’s happening in your local area,” the company […]
Read moreClaims that some Chinese companies may have had knowledge about security flaws in Intel chips before the U.S. government is “troublesome,” said Republican Congressman Gregory Walden. Walden’s statement came a day after The Wall Street Journal reported Intel informed Chinese companies about the ‘Meltdown’ and ‘Spectre’ security flaws before it told the U.S. government. “If […]
Read moreMicrosoft on Monday announced that it has acquired PlayFab, a start-up with cloud-based tools for game developers. Terms of the deal weren’t disclosed. The deal comes as Microsoft aims to become a closer competitor to market leader Amazon Web Services, which introduced a set of tools for game developers about two years ago. PlayFab’s portfolio […]
Read moreAt nearly $1,000 a pop, Apple‘s iPhone X was supposed to drive more upgrades than ever. But more and more reports indicate it’s not keeping up with expectations. Surprise, though: Aside from a few outspoken analysts, the reports don’t seem to have sobered the rest of Wall Street too much. Expectations remain high for Apple’s […]
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