Comcast will formalize its all-cash offer to acquire most of Twenty-First Century Fox on Wednesday if U.S. District Court Judge Richard Leon approves AT&T‘s deal for Time Warner on Tuesday, according to people familiar with matter. Comcast, which owns CNBC parent company NBCUniversal, has already publicly acknowledged its plans to compete with Disney on an […]
Read moreWells Fargo customers can no longer buy cryptocurrencies like bitcoin on their credit cards, the company announced Monday. But they can still buy firearms. The San Francisco based bank joined some of its Wall Street peers in banning the purchase of cryptocurrencies on credit cards and said its decision is “in line with the overall […]
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It’s a close race this year between Wall Street’s best-performing sectors: technology and consumer discretionary. Craig Johnson, chief market technician at Piper Jaffray, says one sector takes the lead. “The winning horse at this point in time is still the technology sector and we would continue to be betting on the technology sector,” Johnson told […]
Read moreSports teams and musicians can now sell tickets directly to fans through their Snapchat Stories thanks to an integration with SeatGeek. The New York-based ticket-search engine is working with Snap Inc. to enable ticket buying through the Venice, California, company’s signature app. The integration is the first ticket-buying experience in Snapchat and one of the […]
Read moreSnap rolled out a new feature this week that finally lets you delete Snapchat messages you’ve sent to other users. Previously, text messages sent to your contacts on Snapchat remained in the message log until both parties viewed the chat or unless they sat unopened for 30 days. In group chats, the messages deleted after […]
Read moreFCC Chairman Ajit Pai is skeptical of state efforts to preserve net neutrality rules, saying Monday that the internet “has to be regulated by the federal government.” More than two dozen states have sued the FCC or proposed their own internet regulations to reinstate the Obama-era rules, which required internet service providers to treat all […]
Read moreIt’s official. The Federal Communications Commission’s repeal of net neutrality rules, which had required internet service providers to offer equal access to all web content, took effect on Monday. The rules, enacted by the administration of President Barack Obama in 2015, prohibited internet providers from charging more for certain content or from giving preferential treatment […]
Read moreTech giant Apple has updated its developer guidelines to explicitly ban “mining” cryptocurrencies like bitcoin. The new rules restrict apps that drain battery, generate excessive heat, or put unnecessary strain on device resources — all of which take place in bitcoin mining. “Apps, including any third party advertisements displayed within them, may not run unrelated […]
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Bitcoin‘s plunge below $7,000 to a two-month low indicates the cryptocurrency will have a difficult time recovering, technical strategists say. “The downtrend that began in early May is still intact and will need to be reversed to signal an improvement for BTC,” Robert Sluymer, technical strategist at Fundstrat Global Advisors, said in an email. For […]
Read moreRide-hailing apps, like Uber, have become known as safer alternatives to driving when intoxicated. Now the company is looking to learn a lot more about its late-night riders. Uber filed a patent application Thursday, first spotted by CNN, that envisions using machine learning to detect whether a potential passenger is behaving abnormally. The patent application […]
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