Diversity was a hot-button topic at Alphabet’s annual shareholder meeting on Wednesday. Two proposals called for an increase in diversity within the company, though from vastly different perspectives. In an unusual move, a Google engineer presented the first proposal on behalf of Zevin Asset Management. The proposal, which was voted down, called for Alphabet’s executive […]
Read moreThere’s always been this suspicion that Apple — and other gadget makers — purposefully slow down products over time so that you’re forced to buy new ones. This week, with its new iPhone software, Apple showed users that it really isn’t trying to force them to buy a new iPhone instead of hanging on to […]
Read moreAmid the incessant geopolitical tumult coming out of Washington and elsewhere, tech stocks have served as an island to which investors have been able to retreat and earn outsized returns. In fact, there’s an argument to be made that the sector actually has benefited from some of the more prominent headline risks. Tech stands to […]
Read moreWhile Microsoft is spending billions on acquisitions, employees aren’t seeing such generosity in their paychecks. According to an annual companywide survey, obtained by CNBC, Microsoft employees said they’re less fairly paid in 2018 than they were in any of the past three years. When asked if “total compensation (base pay, bonus, equity) is competitive compared […]
Read moreFormer Qualcomm CEO Paul Jacobs is starting a new company with two ex-Qualcomm executives that will focus on next-generation wireless technology. The start-up engineering company, called XCOM, will invest and develop technologies to tackle important 5G problems, such as low latency and greater reliability. Jacobs is the new company’s CEO and chairman and is joined […]
Read moreShares of Alphabet fell Wednesday following a report that European Union officials will hit the company with “negative result” and a fine of up to $11 billion for abusing its dominance through the Android mobile operating system. The ruling from EU commissioner Margrethe Vestager could come within weeks, the Financial Times reported, citing unnamed sources. […]
Read moreMoney management firm VanEck is trying again for a bitcoin exchange-traded fund. On this third attempt, the company is teaming up with blockchain company SolidX and basing the fund on actual bitcoins rather than futures. Each share of the VanEck SolidX Bitcoin Trust is set to cost a hefty $200,000, according to a filing with […]
Read more[The stream is slated to start at 1 p.m. ET. Please refresh the page if you do not see a player above at that time.] President Donald Trump‘s top economic advisor Larry Kudlow on Wednesday is expected to lead a press briefing at the White House on the upcoming G7 Summit. Kudlow, the director of […]
Read moreAs tech giant Apple soars to new highs, options traders are betting the rally is far from over. Apple shares are up more than 14 percent this year, and now within $50 billion of hitting the $1 trillion market cap milestone. According to “Options Action” trader Mike Khouw, the tech giant could be gearing up […]
Read moreInvestors should expect strength in semiconductor equipment manufacturers through 2019, according to J.P. Morgan, as demand for chips goads companies like Applied Materials and Lam Research higher. Analyst Harlan Sur added that he anticipates wafer fab equipment (WFE) – essential to the production of electrical circuits like LEDs and radio frequency chips – spending to […]
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