If a worker loses a job to a robot, who pays the city and state tax revenue that the formerly employed worker paid in? Right now, nobody does. That’s where the idea of a “robot tax” comes in. In an interview with Quartz earlier this year, Microsoft co-founder and billionaire Bill Gates said he believes […]
Read moreChina’s anti-graft watchdog said roughly 1.34 million lower-ranking officials have been punishedsince 2013 under President Xi Jinping’s anti-corruption drive. Xi, who is preparing for a major Communist Party leadership conference later this month, has made an anti-graft campaign targeting “tigers and flies,” both high and low ranking officials, a core policy priority during his five-year […]
Read moreApple seems to have an iPhone 8 battery problem on its hands, and it’s not clear yet whether it’s occurring in just a handful of edge cases or in a larger batch of phones. Over the past week, reports have been coming out about iPhone 8s that have split apart either on arrival or after […]
Read moreCurrency, United States Finance
Several people were injured in a car incident near London museum, but police say it's not terrorism
London police said on Saturday a number of pedestrians had been injured near the city’s Natural History Museum and that a man had been detained at the scene. British media reported a car had mounted the pavement outside the tourist attraction. The crash happened at 2:20 p.m. on a day when the central London museum […]
Read more“Miss, do you have Instagram? Do you have Snapchat?” “Yeah Miss, can we see your Snapchat?” A group of 13-year-olds — all Year 9 students at the Lilian Baylis School in Kennington, south London — come buzzing to my iPhone like a swarm of bees to a briefly exposed honeypot. Before I can react, they’ve […]
Read moreThe U.S. Federal Communications Commission said late on Friday it had approved Alphabet’s application to provide emergency cellular service to Puerto Rico through balloons. In the aftermath of Hurricane Maria, Puerto Rico has struggled to regain communications services. The FCC said on Friday that 83 percent of cell sites remain out of service, while wireless […]
Read moreAs news emerges of Amazon considering a big push into pharmaceuticals, CNBC’s Jim Cramer endorsed one of his favorite drugmakers, Celgene, after its stock fell off a cliff on Thursday. “We like to buy low and sell high. It’s literally the oldest rule in the game,” the “Mad Money” host said as investors’ flight from […]
Read moreCNBC’s Jim Cramer rarely fails to notice new players arriving on the data center scene, which is why Switch’s initial public offering, the second-largest tech IPO of 2017, caught his attention. “After digging into this story, I think the pros do outweigh the cons, although I’m obviously not alone in believing that, as the stock […]
Read moreHere’s a round-up of the most important deals in venture capital this week. Uber agreed to take a big investment from SoftBank. The investor will put $1 billion to $1.25 billion into the ride-hailing company, and seeks to buy a 14 to 17 percent stake of shares from existing shareholders, sources told CNBC. SoftBank is […]
Read moreZume Pizza, a tech start-up that uses robots to make pizza, has raised nearly $50 million. The Mountain View, California, company has raised about $48 million, just $2 million shy of its $50 million goal, according to a filing with the Securities and Exchange Commission. Last December, it raised $23 million at a $50 million […]
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