Uber is partnering with electric scooter startup Lime, the companies said Monday. It’s the second scooter tie-up for Uber, which aims to be the leading one-stop-shop for transportation. The ride-hailing firm in April bought Jump Bikes, which also offers scooter rentals. Uber will make Lime rentals available in the app and add its logo to […]
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Morgan Stanley downgraded technology stocks to underweight from equal weight on Monday, citing expectations of a more defensive turn in the market. Cyclical sectors such as technology and consumer discretionary tend to perform better during periods of growth, when investors are more willing to take on risk. Now Morgan Stanley Chief U.S. Equity Strategist Michael […]
Read moreTwitter is cleaning up its platform and taking down more fake accounts than ever, according to The Washington Post, but the stock is still tanking on what appears to be concern around user growth. Shares fell more than 8 percent Monday after the Friday evening report that Twitter is suspending more than 1 million accounts […]
Read moreIn the Chinese city of Zhengzhou, a police officer wearing facial recognition glasses spotted a heroin smuggler at a train station. In Qingdao, a city famous for its German colonial heritage, cameras powered by artificial intelligence helped the police snatch two dozen criminal suspects in the midst of a big annual beer festival. In Wuhu, […]
Read moreChange is coming to HBO, now that it is part of the AT&T corporate family. That much was clear to the 150 employees who attended a recent town hall meeting at the network’s headquarters in Midtown Manhattan. The main speaker was John Stankey, a longtime AT&T executive who now oversees HBO in his new role […]
Read moreAmazon has turned Prime Day into one of the biggest online shopping holidays. But for many sellers, it’s becoming more expensive to participate. For the second year in a row, Amazon has increased the registration fee to run Prime Day Lightning Deals, which are limited-time promotions exclusively offered to Prime members. It now costs third-party […]
Read moreSpotify’s lead over Apple’s music-streaming service in the US is narrowing, denting the air of invincibility around the recently floated pioneer. While Spotify still holds a commanding lead globally, Apple’s faster growth rate in the world’s largest music market reflects its ability to push its services to owners of its devices, such as the iPhone. […]
Read moreChinese internet giant Tencent said it plans to spin off its streaming music service on a U.S. stock exchange. In a statement issued on Sunday through the Hong Kong stock exchange, Tencent said the terms of the proposed spin-off, including offering size, price range and other details have not been finalized. The company added that […]
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You don’t need an expensive camera to take great photos — the phone in your pocket is better than you think, especially on top-of-the-line phones like the Samsung Galaxy S9 and the iPhone X. When used correctly, phones can produce images that hold up against more professional equipment. Shooting on a smartphone also comes with […]
Read moreChinese gadget maker Xiaomi was in the U.S. at the end of last month, pitching its upcoming share sale to big money managers, who were potentially interested in participating. American investors have come to know Xiaomi, the world’s fourth-largest smartphone maker, as the “Apple of China.” Beyond that, they’ve still got a lot to learn. […]
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