The FBI reportedly overstated encryption threat figures to both Congress and the public due to a programming error, according to The Washington Post. The bureau claimed that investigators were locked out of about 7,800 mobile devices connected to criminal investigations. The more accurate number, however, is likely between 1,000 to 2,000 devices, the Post reported. […]

Apple still makes the bulk of its money selling iPhones. But in trying to show investors that it can thrive in high-margin software, the company has built a services unit that’s now approaching $40 billion in annual revenue. But it’s leaving money on the table by failing to embrace the biggest trend in the software […]

CNBC’s Jim Cramer said Wednesday that he wouldn’t count out Comcast Chairman and CEO Brian Roberts on a successful bid for Twenty-First Century Fox assets just yet. “What Brian Roberts wants he tends to get,” Cramer, whose charitable trust owns shares of Comcast, said on “Squawk Box.” He added that he hopes a Fox deal […]

If you’re in a new city on a business trip, riding in the back of an Uber or stuck in traffic, you can share your location with loved ones and colleagues so they know where you are and that you’re OK. I use these tools to avoid the “text me when you get home,” conversation […]

Driverless ride-hailing services are available for some across the United States, and consumers will see those services grow throughout this year, Lyft Chief Strategy Officer Raj Kapoor told CNBC on Wednesday. Kapoor, whose company ranks No. 5 on CNBC’s sixth annual Disruptor 50 list, said the use of self-driving vehicles in the United States will […]

Facebook is rolling out an update that lets you book people to fix things at your house. You can hire a plumber, a contractor, an electrician and house cleaning services. It’s an addition to Marketplace — its built-in Craigslist-style tool for selling and buying goods. Facebook said it’s working with three firms, Handy, Home Advisor […]

Cisco on Wednesday warned that hackers have infected at least 500,000 routers and storage devices in dozens of countries with highly sophisticated malicious software, possibly in preparation for another massive cyber attack on Ukraine. Cisco’s Talos cyber intelligence unit said it has high confidence that the Russian government is behind the campaign, dubbed VPNFilter, because […]

Foxconn Industrial Internet, a subsidiary of the world’s largest contract manufacturer Foxconn, announced plans to raise up to 27.1 billion yuan ($4.26 billion) in what will be mainland China’s biggest IPO in almost three years. The Foxconn unit, which is known as FII and makes electronic devices, cloud service equipment and industrial robots, is offering […]

Facebook is starting to take the enterprise world seriously, and it’s now signing up partners that can provide much-needed credibility. In 2016, the company, which makes almost all its money from online advertising, introduced Workplace by Facebook in an effort to bring its ubiquitous social network into the business world and encourage collaboration among co-workers. […]

The deluge of recent negative media coverage on Tesla is missing the real story, according to one Wall Street firm. Baird reiterated its outperform rating for Tesla shares, predicting the electric car maker will make significant progress in raising its Model 3 production volumes. “Negative headlines have increased substantially in the past month and, in […]