This year may finally be the year that global investors put Chinese internet companies alongside American giants like Facebook and Amazon. On Thursday, Alibaba Group, the Chinese e-commerce giant, said its profit for the three months that ended in June almost doubled, while its revenue rose more than half. But just as impressive a jump […]
Read moreA lot of corporations have venture capital arms or find other ways to invest in start-ups. But Alphabet, the parent company of Google, has at least three VC arms that we know about, plus a lot of other start-up investment activities. This makes it an unusually influential player in Silicon Valley’s start-up scene. From a […]
Read moreIt took bloodshed in Charlottesville to get tech companies to do what civil rights groups have been calling for for years: take a firmer stand against accounts used to promote hate and violence. In the wake of the deadly clash at a white-nationalist rally last weekend in Virginia, major companies such as Google, Facebook and […]
Read moreCiti’s commodities research team has tempered its outlook for oil prices over the next five years, but it sees room for price shocks if oil supply disruptions increase dramatically or fall off significantly in the coming years. The bank had projected in February that U.S. crude prices would likely trade mostly in a range of […]
Read moreMark Zuckerberg says Facebook is doing the best it can to both be a place where everyone can share their ideas and also feel safe. Right now — with emotions running high days after white extremists violently clashed with counterprotesters in Charlottesville, Va., leaving one woman dead — that’s a painfully delicate task. And it’s […]
Read moreTension in Uber’s upper ranks have already ricocheted to every corner of the company. An early investor has sued ex-CEO Travis Kalanick just as he tussles with the board over the search for his successor. Meanwhile, deep-pocketed suitors are circling for a piece of the $70 billion startup. We know Uber is in advanced talks […]
Read moreCloudflare CEO Matthew Prince’s decision to terminate protection of neo-Nazi website the Daily Stormer because he “woke up in a bad mood” could be dangerous to the future of free speech on the internet, he admitted. “Literally, I woke up in a bad mood and decided someone shouldn’t be allowed on the Internet,” Prince wrote […]
Read moreCurrency, United States Finance
Van crashes into pedestrians in Barcelona's city center, injuring multiple people
Barcelona police said a van drove into pedestrians in Barcelona’s city center, injuring multiple people on Thursday. Law enforcement has not specified whether the incident was intentional or accidental in nature. Authorities are urging people to avoid the area around Placa Catalunya. A man on a bus tweeted out a video at the location of […]
Read moreA Virginia rally instigated by white nationalists over the weekend has escalated tensions between President Donald Trump and the business community. Many critics have perceived Trump’s responses to violence in Charlottesville as equivocating the actions of white supremacists with those protesting racism. The discord in Washington came amid a growing divide between the administration and […]
Read moreWal-Mart‘s second-quarter results make it crystal clear the retailer is committed to growing its e-commerce business, with Jet.com Founder Marc Lore at the helm of it all. Faced with the threat of Amazon encroaching on its turf, Wal-Mart has been rolling out initiatives like “easy reorder,” free two-day shipping with no membership required, and an […]
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