Asian stocks tracked lower on Thursday, taking cues from the losses seen on Wall Street overnight as financial and technology stocks weighed on U.S. markets. In Tokyo, the Nikkei 225 declined 0.66 percent amid broad-based weakness. Losses were led by the energy sector, with the Topix oil and coal products subindex down 1.62 percent after […]
Read moreA group of state regulatory agencies has laid out detailed new requirements for how Equifax must conduct business, but stopped short of imposing fines or penalties. A consent order released on Wednesday by several state regulatory bodies is a response to the massive data breach that Equifax revealed in September 2017, and focuses on board […]
Read moreGoogle has reissued its internal rules related to harassment, discrimination, and doxxing following months of employee criticism of its workplace culture. CEO Sundar Pichai announced the new policies in a company-wide email last week, writing that they’re meant to reinforce a respectful culture while continuing to encourage discussion and debate, according to a copy of […]
Read moreApple and Samsung on Wednesday settled a year patent dispute over Apple’s allegations that Samsung violated its patents by “slavishly” copying the design of the iPhone. Terms of the settlement, filed in the U.S. District Court for the Northern District of California, were not available. In May, a U.S. jury awarded Apple $539 million, after […]
Read moreAfter a costly acquisition of Time Warner, AT&T may have found a new source of revenue. The telecommunications carrier quietly bumped customers’ fees by about $1.23 each since April, which could mean an estimated $800 million in additional revenue per year for the company. The company booked $160.5 billion in revenue last year. BTIG Research […]
Read moreAmazon could finally be getting around to launching its small business lending program in China, putting it on a collision course with home-grown juggernaut Alibaba. The company is seeking a manager “with end-to-end responsibility for scaling operations and partner programs in a new strategic initiative in China” for its lending arm, according to a June […]
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Every once in a while, an ETF seems to hit all the right notes at the right time. One such fund these days is the KraneShares CSI China Internet ETF (KWEB). China-focused equity ETFs generally have had a challenging time this year, with the country sitting in the middle of a trade spat with the […]
Read moreGoogle, which books more than $100 billion per year in advertising revenue, announced on Tuesday that it is streamlining multiple advertising technologies into three main products called Google Ads, Google Marketing Platform and Google Ad Manager. While the change is mostly cosmetic, it’s a subtle acknowledgment that consumers are increasingly accessing the internet and viewing […]
Read moreFederal regulators are turning to Facebook, Google and other tech giants to help crack down on illegal online opioid sales. There’s a troubling problem on the internet: it’s not that hard to find opioid pain pills online.The Food and Drug Administration is hosting a summit Wednesday with Facebook and Instagram, Google, Oath’s Yahoo, Microsoft‘s Bing, […]
Read moreElon Musk says Tesla will surprise skeptics who think the company’s Model 3 second-quarter delivery numbers will disappoint, according to an email the Tesla CEO sent to employees. In the email, Musk linked to a CNBC report of a note from Goldman Sachs analyst David Tamberrino. Tamberrino said he thinks the company will report that […]
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