Snapchat‘s new feature — Snap Map — is the best product innovation Silicon Valley has seen in consumer tech in a while, tech analyst Mark Mahaney told CNBC on Monday. “If they continue to do that kind of thing, and they need to do it, they’ll escape the kind of the death star that is […]
Read moreMicrosoft is reportedly planning to lay off thousands of employees around the world, according to a report at TechCrunch. The company will make the cuts as part of a restructuring to focus on cloud services, TechCrunch said, noting that Microsoft may be specifically focusing on how it sells its Azure products. The layoffs may come […]
Read moreIf you work hard enough and long enough, then you will succeed. Or so goes the popular ethos in start-up culture. Not so, says billionaire LinkedIn co-founder Reid Hoffman on “The Tim Ferriss Show” podcast. “Hard work isn’t enough. And more work is never the real answer,” says Hoffman, who is now a partner at […]
Read moreBank of England staff have voted to hold their first strike in more than 50 years in a push for higher pay, a union said on Monday, adding to pressure for an end to tight controls on public sector wages in Britain. Unite, Britain’s biggest union, said maintenance and security staff at the 323-year-old institution […]
Read moreCheck out which companies are making headlines before the bell: Tesla — CEO Elon Musk on Twitter tweeted that the company would deliver the first of its new Model 3 sedans on July 28, after the vehicle passed all of its regulatory requirements for production. GlaxoSmithKline – The drugmaker signed a new $43 million deal […]
Read moreTorrential rain lashed parts of central and south China on Monday, with floods damaging crops, forcing hundreds of thousands from their homes and killing at least 33, while the north wilted in a heat wave and drought-like conditions. Water levels in more than 60 rivers in southern China have risen above warning levels, the flood […]
Read moreSamsung’s Galaxy Note 7 which caught fire last year and forced a recall is being re-launched as the Galaxy Note Fan Edition (FE) using parts from unused handsets, the South Korean giant said on Sunday. The Galaxy Note FE will be released on July 7 with a limited number of 400,000 devices in South Korea […]
Read moreThe Purchasing Managers Index (PMI) is a closely watched economic indicator, but the value of this data has been called into question, with one economist telling CNBC it is wildly exaggerated. Several pieces of euro zone PMI data were released on Monday. Spanish manufacturing PMI for June slipped to 54.7 from 55.4 in May, while […]
Read moreChina laid the groundwork to finally get its stocks included in the key emerging markets benchmark, and now the country is taking rapid steps to get its bonds a similar global stamp of approval. On Monday, China launched a “bond connect” that gives foreign investors access to mainland China’s more than $9 trillion debt market […]
Read moreOnline financial news publisher Bankrate on Monday announced it has agreed to be acquired by digital platform builder Red Ventures in an all-cash deal with an enterprise value of about $1.4 billion. Bankrate shareholders will receive $14 a share, which represents a premium of approximately 31 percent over Bankrate’s three-month average closing share price. The […]
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