President Donald Trump has directly pressured the U.S. Postal Service’s chief to double the rates charged to e-commerce giant Amazon and other companies, the Washington Post reported Friday, citing three people familiar with the conversations. The president has personally pushed the postmaster general, Megan Brennan, to make the move, which could potentially cost Amazon billions […]

Baidu on Friday said its operating chief, former Microsoft executive Qi Lu, will be stepping down in July, less than two years into his tenure there. Baidu stock was down more than 9 percent after the announcement. The move is a loss for one of China’s leading tech companies, which are racing like American technology […]

Netflix has snagged a project based on Michael Lewis’ 2014 non-fiction book, “Flash Boys,” according to Deadline. The story revolves around a group of people that tries to expose “the insidious new ways that Wall Street generates profits.” The adaptation comes just a couple years after the 2015 film, “The Big Short,” also based on […]

Dell has begun talking to holders of its VMware-tracking stock, DVMT, to gauge their interest on a merger with VMware, according to people familiar with the matter. Dell remains bullish on VMware’s future and wants to own as much of the stock as possible, and also wants to clean up the virtualization pioneer’s capital structure, […]

In the fight to control CBS, former NBCUniversal CEO Bob Wright has placed all bets on Les Moonves, who he called one of “two really, really good media executives in this country.” He says CBS’ ongoing resistance to a merger with Viacom will put an end to dual share structures at companies, once and for […]

Dutch semiconductor company NXP is jumping on a report that its proposed deal with U.S. chip giant Qualcomm is “looking more optimistic.” Shares jumped roughly 4 percent on the update, attributed to an anonymous Beijing official and included in a WSJ report about broader U.S.-China trade talks. The proposed merger has been waiting for months […]

SAN FRANCISCO – Love your electronic devices all you want, but please, please, please don’t throw them in the trash when you’re done with them. That’s a plea from makers of the lithium-ion batteries that typically power our phones, laptops and even power tools. Thrown into the trash or even the recycling bin, they can […]

Netflix will be able to generate strong membership growth for many years, according to Bank of America Merrill Lynch. The firm reiterated its buy rating for Netflix shares, citing the rising number of broadband internet users in international markets. “We believe Netflix still has a considerable opportunity ahead if it can achieve reasonable penetration levels […]

Shares of Applied Materials fell sharply Friday after the company lowered its current-quarter revenue and sales projections in its semiconductor business below Wall Street expectations. Applied Materials, which makes equipment used to produce chips, saw its stock fall more than 9.5 percent Friday morning, on track for its worst day since February 2009. As one […]

Just over a month ago, the ARK Innovation ETF (ARKK) took home ETF.com’s “ETF Of The Year” award for delivering on its purpose of serving up access to disruptive technology in 2017, and doing so really well. Crucial to that recognition was its unique allocation to bitcoin. For much of the fund’s history, that allocation […]