There is “no evidence” that the adoption of Tasers reduces police use of firearms, according to a study released this week from the University of Chicago. While the latest study found that the electric shock weapon reduces the rate of police injury, it also determined that police use of firearms remained unchanged. The team studied […]
Read moreIBM saw its stock go down more than 4.5 percent after it reported better-than-expected earnings for the fourth quarter and full year of 2017. The company will hold a conference call with analysts at 5 p.m. Eastern time. EPS: Excluding certain items, $5.18 in earnings per share vs. $5.17 in earnings per share as expected […]
Read moreThe new tax law helped paved the way for much of Apple’s plan to contribute $350 billion to the U.S. economy, Apple CEO Tim Cook told CNBC’s Jim Cramer. “While some of these efforts were indeed in the works, Washington enabled most of this job-creating plan to occur by changing the tax code to allow […]
Read moreFormer Uber CEO Travis Kalanick pushed for buying self-driving truck startup Otto — a purchase that led to a multibillion-dollar lawsuit — despite warnings from other senior executives, according to a profile published by Bloomberg. As Uber contemplated buying Otto in 2016, Salle Yoo, Uber’s general counsel, reportedly expressed her “serious reservations” to Kalanick, Bloomberg […]
Read moreAs the high-profile bidding war to host Amazon‘s second headquarters enters the final stages, one region seems to have an edge over the more than 200 cities and counties that initially expressed interest. On Thursday, the company said it had narrowed down the list to 20 locations. Based the criteria Amazon identified when it kicked […]
Read moreAmazon has whittled down the list of finalists for its second headquarters to 20 metro areas, from a pool of 238 proposals. The contenders aren’t too surprising, as the front-runners identified by a CNBC analysis are still in the mix. Mayors and elected officials from the finalist cities are making their pitch. Here’s how representatives […]
Read moreMike Moritz, a top partner at Silicon Valley’s most successful venture capital firm, says that the local tech culture has descended into “soul-sapping discussions” about “the inequity of life,” and compared it unfavorably with the work ethic in the Chinese tech scene. Moritz, a managing partner at Sequoia Capital, wrote in the Financial Times that […]
Read moreAs the CEO of Apple, Tim Cook manages one of the largest tech companies in the world (it currently has a market cap of over $920 billion), but he still wasn’t too busy to speak to a high school senior who cold-emailed him asking for a few minutes of his time. Cook responded to Porter-Gaud […]
Read moreApple co-founder Steve Wozniak made a surprising revelation on Wednesday evening to an audience in Silicon Valley. “I’m still technically an employee,” Wozniak said, during a panel discussion at the Computer History Museum in Mountain View, California. “I’m the only person who’s been on the payroll since day one.” Speaking in front of about 500 […]
Read moreBank of America‘s global head of technology, media and telecommunications investment banking Anwar Zakkour is planning to depart to pursue other opportunities, according to an internal e-mail obtained by CNBC. His departure marks the second global head of the group to leave in less than a year. Zakkour’s co-head, Chet Bozdog, retired in March. Zakkour […]
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