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May 23, 2022

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Amazon tests using Flex drivers to make mall deliveries

CNBC
CNBC – For more and to sign up click here Contractors working for the Amazon Inc. Flex program load packages into vehicles to deliver to customers in San Francisco. David Paul Morris | Bloomberg | Getty Images Amazon is turning to its legions of contracted Flex drivers to deliver packages......

Tether claims its stablecoin is now partially backed by non-U.S. government bonds

CNBC
CNBC – For more and to sign up click here Tether previously claimed its stablecoin was backed 1-to-1 by U.S. dollars. Justin Tallis | Afp | Getty Images The issuer of the stablecoin tether said in a report that the controversial digital currency is now backed in part by “non-U.S.”......

Ex-Amazon engineers roll out their smart shopping carts in Albertsons stores

CNBC
CNBC – For more and to sign up click here Albertsons is deploying self-checkout grocery carts in some of its locations to try to make in-person shopping easier as consumers head back to brick-and-mortar stores. The carts are made by Veeve, a Seattle-based start-up founded by two former senior Amazon......

Amazon accused of discrimination against pregnant and disabled workers in New York

CNBC
CNBC – For more and to sign up click here Staff make their way around the aisles collecting items before sending them to the on-site dispatch hall to be packaged inside one of Britain’s largest Amazon warehouses in Dunfermline, Fife. Jane Barlow | PA Images | Getty Images New York......

China’s Internet Censors Try a New Trick: Revealing Users’ Locations

New York Times
One hashtag calling for the feature to be revoked quickly accumulated 8,000 posts and was viewed more than 100 million times before it was censored in late April. A university student in Zhejiang province sued Weibo, the Chinese social platform, in March for leaking personal information without his consent when......

China has signaled easing of its tech crackdown — but don’t expect a policy U-turn

CNBC
CNBC – For more and to sign up click here China has shown signs of easing its crackdown on the technology sector which has wiped billions of dollars of value from its most prominent companies. But analysts said Beijing’s recent positive rhetoric should not be mistaken for a reversal of......

Musk met Twitter execs for 3 days before making a bid, unclear if they discussed bots

CNBC
CNBC – For more and to sign up click here Elon Musk has said he won’t move forward with his $44 billion Twitter acquisition until he has more details about fake accounts on the platform, but he met with the company’s top brass for three days to discuss its business......

Google opens new ‘Bay View’ campus that was designed for worker flexibility — here’s what it looks like

CNBC
CNBC – For more and to sign up click here Google executives Michelle Kaufmann and Asim Tahir said the company wanted to design high ceilings, plants and natural light to give the illusion of working outdoors. Jennifer Elias  Google this week is opening its newest campus in Mountain View, California......

Twitter stock has lost all of its gains since Elon Musk disclosed his stake

CNBC
CNBC – For more and to sign up click here In this photo illustration, Twitter account of Elon Musk is seen on a smartphone screen and Twitter logo in the background. Pavlo Gonchar | Lightrocket | Getty Images Twitter shares have given up all of their gains since Elon Musk......

White House hits back at Amazon’s Bezos after Biden inflation spat

CNBC
CNBC – For more and to sign up click here Amazon CEO Jeff Bezos speaks during the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 2, 2021. Paul Ellis | Reuters The White House on Monday hit back at Amazon founder Jeff Bezos after he took a swipe......

China has been quietly building a blockchain platform. Here’s what we know

CNBC
CNBC – For more and to sign up click here China has made blockchain technology a strategic priority. Blockchain-based Service Network, or BSN, is part of its efforts to boost its capabilities in the sector. Yuichiro Chino | Moment | Getty Images Chinese President Xi Jinping has declared that his......

Amazon’s Bezos again blasts Biden administration on inflation, says it’s most hurtful to the poor

CNBC
CNBC – For more and to sign up click here Amazon founder Jeff Bezos arrives for his meeting with British Prime Minister Boris Johnson at the UK diplomatic residence on September 20, 2021 in New York City. Michael M. Santiago | Getty Images News | Getty Images Amazon founder Jeff......

Regulators are growing anxious about stablecoins after Terra’s stunning collapse

CNBC
CNBC – For more and to sign up click here The entire stablecoin market is now worth more than $160 billion. Justin Tallis | AFP via Getty Images Regulators are getting increasingly worried about stablecoins after the collapse of controversial cryptocurrency venture Terra. TerraUSD, an “algorithmic” stablecoin that’s meant to......

World’s biggest stablecoin regains dollar peg after $3 billion in withdrawals

CNBC
CNBC – For more and to sign up click here Tether has long faced questions over whether it has enough assets to justify its peg to the dollar. Tiffany Hagler | Bloomberg via Getty Images Tether, the world’s largest stablecoin, regained its peg to the dollar after more than $3......

Alphabet CEO Sundar Pichai on inflation, investing in growth and free speech on the internet

CNBC
CNBC – For more and to sign up click here Google CEO Sundar Pichai said that while consumers are putting the Covid pandemic in the rearview mirror, the economy is clearly a growing concern for the company and the broader market. “We definitely see uncertainty ahead, like everyone else,” Pichai......

The world’s biggest stablecoin has dropped below its $1 peg

CNBC
CNBC – For more and to sign up click here Crypto firm Tether has been reducing the amount of commercial paper in its reserves. Jakub Porzycki | Nurphoto | Getty Images Tether, the world’s largest stablecoin, broke below its $1 peg Thursday amid panic in the crypto market. The token......

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