While Microsoft is spending billions on acquisitions, employees aren’t seeing such generosity in their paychecks. According to an annual companywide survey, obtained by CNBC, Microsoft employees said they’re less fairly paid in 2018 than they were in any of the past three years. When asked if “total compensation (base pay, bonus, equity) is competitive compared […]

Former Qualcomm CEO Paul Jacobs is starting a new company with two ex-Qualcomm executives that will focus on next-generation wireless technology. The start-up engineering company, called XCOM, will invest and develop technologies to tackle important 5G problems, such as low latency and greater reliability. Jacobs is the new company’s CEO and chairman and is joined […]

Shares of Alphabet fell Wednesday following a report that European Union officials will hit the company with “negative result” and a fine of up to $11 billion for abusing its dominance through the Android mobile operating system. The ruling from EU commissioner Margrethe Vestager could come within weeks, the Financial Times reported, citing unnamed sources. […]

Money management firm VanEck is trying again for a bitcoin exchange-traded fund. On this third attempt, the company is teaming up with blockchain company SolidX and basing the fund on actual bitcoins rather than futures. Each share of the VanEck SolidX Bitcoin Trust is set to cost a hefty $200,000, according to a filing with […]

As tech giant Apple soars to new highs, options traders are betting the rally is far from over. Apple shares are up more than 14 percent this year, and now within $50 billion of hitting the $1 trillion market cap milestone. According to “Options Action” trader Mike Khouw, the tech giant could be gearing up […]

Investors should expect strength in semiconductor equipment manufacturers through 2019, according to J.P. Morgan, as demand for chips goads companies like Applied Materials and Lam Research higher. Analyst Harlan Sur added that he anticipates wafer fab equipment (WFE) – essential to the production of electrical circuits like LEDs and radio frequency chips – spending to […]

Shares of some insurance companies dipped briefly Wednesday, after a report said Amazon might consider offering home insurance. The Information reported Wednesday that, based on one anonymous source, Amazon had discussions about offering insurance in conjunction with its connected home devices. But, the report said, “There’s nothing that suggests Amazon has any concrete plans for […]

Facebook has teamed up with several outlets to release its own exclusive news shows. The company announced on Wednesday it was funding several news organizations to create original exclusive series for its platform. The shows will appear on Watch, its section dedicatesd to original video series. Facebook’s new initiative comes as the company has been […]

Life is about more than making money, says Evan Spiegel, the billionaire co-founder and CEO of Snapchat company, Snap. Spiegel, who is worth $3 billion according to Forbes, made the comment in a conversation with Recode’s Kara Swisher at the 2018 Code Conference on May 29. “So, obviously, life is not about making money. Life’s […]

When Tan Le was four years old, she, her mother, grandmother and sister fled from their native Vietnam in search of a better life in Australia. They spent five days crossing the South China Sea by boat with more than 150 others, were rescued by a British oil tanker and then lived in a refugee […]