YouTube’s global head of music, Lyor Cohen, told CNBC Thursday that he isn’t focused on the competition in the music streaming industry but instead sees a “great opportunity” ahead. YouTube announced this week it will launch on Tuesday a new music streaming service, YouTube Music. “I don’t think it’s a winner-win-all category. YouTube music has […]

Fintech giant PayPal confirmed on Thursday it’s reached a deal to buy payments start-up iZettle for $2.2 billion — the biggest acquisition in its history. U.S.-based PayPal already operates in more than 200 countries around the world but is working to expand its offerings. IZettle provides mobile card readers and other digital payment products to […]

The surging popularity of Epic Games’ “Fortnite” is attracting competition from a big game publisher. On Thursday Activision Blizzard announced it will include a battle-royale game mode called “Blackout” in “Call of Duty: Black Ops 4.” The title is slated for release on Oct. 12. “The Black Ops community means everything to us, so we […]

Investors have sent $1 billion into digital coin projects that flash warning signs for fraud, The Wall Street Journal reported Thursday, citing its own analysis. In a review of 1,450 digital coin offerings, the Journal said it found 271 bore red flags such as plagiarized documents or fake executive information. Investors have already claimed losses […]

The London Metal Exchange will begin offering contracts in metals used in batteries within 18 months to capture the huge opportunities created by the rise of the electric car, according to its chief. Demand for metals including lithium, cobalt, nickel, graphite and manganese has surged with the growth in electric vehicles, particularly in China, which […]

YouTube’s move to create its own streaming music service — despite a competitive product from its own company through Google Play Music — might not be as big of a headscratcher as one might at first think. The company announced on Thursday it will launch YouTube Premium, which will not have ads, on May 22 […]

Amazon founder and CEO Jeff Bezos is currently worth almost $132 billion, according to Forbes, making him the richest man in the world. Part of the journey to becoming extraordinarily successful, says Bezos, was standing firm in his convictions even when others doubted him. “One thing that I tell people is … if you’re going […]

Data from the computer brain of a Tesla Model S that crashed in Utah last week confirms that the $100,000 sedan was in Autopilot mode, police in South Jordan said Wednesday. Information recovered by Tesla engineers and shared with South Jordan police confirms many of the details the driver, a 28-year-old woman from Lehi, Utah, […]

Shares of online learning company Pluralsight began trading on the Nasdaq at an opening price of $20 per share Thursday, roughly 34 percent above the $15 price at which Pluralsight priced shares in its initial public offering. The arrival of Pluralsight on public markets suggests that public investors are still eager to invest in smaller […]

Silicon Valley venture capitalist Joe Lonsdale has just raised a $640 million fund and plans to spend a good chunk of that in health care. Lonsdale, who co-founded software company Palantir and backed virtual reality company Oculus, now sees health as the market where start-ups can have the biggest impact addressing some of society’s most […]