Donna Brunswick drove to a Costco last month to pick up 2 pounds of raw flank steak — not at the wholesale club, but from a truck in the parking lot. “Typically you wouldn’t buy meat off a random truck,” says Brunswick, a technical manager in Atlanta. But she says $20 for the slab of […]

Amazon boss Jeff Bezos is the richest person in the world and is currently worth more than $140 billion, according to Forbes. He has a lot of wealth to share, if he so chooses. And it appears that’s exactly what he intends to do. Bezos has settled on “two areas” on which to focus his […]

Roku shares will turn around after a disappointing start this year, according to one Wall Street analyst. Macquarie Research initiated coverage on Roku with an outperform rating, citing the company’s strong position in the growing streaming video market. The company sells streaming video players and licenses its operating system to television manufacturers, which enables consumers […]

Google is beefing up an early-stage research project called Medical Digital Assist as it explores ways to use artificial intelligence to improve visits to the doctor’s office. In particular, it wants to use voice recognition to help physicians take notes. Four recently posted internal job openings viewed by CNBC describe building the “next gen clinical […]

Online crafts marketplace Etsy‘s shares soared Thursday after announcing it’ll take a larger percentage of each sale and raising its full-year guidance to reflect the higher revenue. Shares opened up roughly 23 percent at $40.86, after closing Wednesday at $32.99. The company said Thursday it was raising the base take rate — or the percentage […]

Google has announced that it will open an artificial intelligence (AI) research center in Africa, its first on the continent. The Silicon Valley giant said that the new research hub will open in Accra, Ghana, later this year, announcing the move in a blog post published on Wednesday. “We’re committed to collaborating with local universities […]

E-scooter start-ups are annoying and wildly overvalued, say the skeptics. E-scooters are super fun and poised to change urban transportation as we know it, say the optimists. Investors bidding up scooter prices are motivated not by fundamentals but by FOMO (fear of missing out), say the bears. But we all want fewer air-polluting cars on […]

Facebook is being used less and less to find and share news while people are increasingly turning to alternative platforms like Whatsapp instead, according to a study. The use of Facebook for news dropped by 9 percent from 2017 to 2018 in the U.S., research by Oxford University’s Reuters Institute found, with news consumption among […]

Oracle is losing favor among technology buyers to leading cloud computing vendors, according to J.P. Morgan. The firm lowered its rating to neutral from overweight for Oracle shares, citing negative results in a spending survey of chief information officers. Oracle’s “specific metrics in our large-scale CIO survey have arced over into negative territory, which makes […]

WeWork more than doubled its sales in the first quarter of 2018 to $342m, according to an internal memo seen by the Financial Times, accelerating from the fevered growth the shared office space provider achieved last year and bolstering its hopes for a new fundraising and eventual stock market listing. The company did not put […]