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October 22, 2021

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Nasdaq set for lower open after Intel’s margin warning

Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 20, 2021. REUTERS/Brendan McDermid Snap tumbles on Apple tweak, drags social media giants AmEx rises on profit beat Futures: Nasdaq down 0.19%, Dow up 0.17%, S&P up 0.07%, Oct 22 (Reuters) –......

Intel shares sink as chipmaker predicts lower margins in years ahead

Reuters
Visitors are seen at the Intel booth during the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai, China July 30, 2021. Picture taken July 30, 2021. REUTERS/Aly Song/Files Oct 21 (Reuters) – Intel Corp (INTC.O) on Thursday forecast lower profit margins for years to come as......

Zoom, Five9 to terminate nearly $15 bln all-stock deal after shareholder vote

Reuters
Small toy figures are seen in front of the Zoom logo in this illustration picture taken March 15, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Sept 30 (Reuters) – Five9 Inc (FIVN.O) shareholders voted down the call center software firm’s $14.7 billion sale to Zoom Video Communications Inc (ZM.O)on Thursday, a major blow......

Japan e-commerce giant Rakuten to list online bank

Reuters
The logo of Rakuten is pictured at the headquarters of Rakuten in Tokyo, Japan, May 15, 2019. REUTERS/Sam Nussey/File Photo TOKYO, Sept 30 (Reuters) – Japanese e-commerce firm Rakuten Group Inc (4755.T) said on Thursday it is preparing to list its online banking unit, raising funds as it soaks up......

Russia arrests top cybersecurity executive in treason case

Reuters
Ilya Sachkov, head of Russia’s Group IB cybersecurity company, is seen in a car in Moscow, Russia November 9, 2018. Picture taken November 9, 2018. REUTERS/Shamil Zhumatov/Files Founder of cybersecurity firm accused of state treason Executive faces up to 20 years jail, denies charge, TASS says Arrest sends chill through......

Amplitude valued at $5 bln after shares jump in Nasdaq debut

Reuters
Sept 28 (Reuters) – Shares of Amplitude Inc (AMPL.O) opened nearly 43% above their reference price in their Nasdaq debut on Tuesday, notching up a valuation of about $5 billion for the Benchmark-backed analytics company. San Francisco-based Amplitude, which confidentially filed for a direct listing in July, was valued at......

Netflix buys first video game studio, rolls out mobile games

Reuters
The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy Nicholson Sept 28 (Reuters) – Netflix has bought video game creator Night School Studio and rolled out five mobile gaming titles in select European markets, the company said on Tuesday, as it......

Pandemic pushes Chinese tech giants to roll out more courier robots

Reuters
Alibaba, Meituan, JD.com to operate over 2,000 robots by 2022 Executives said encouraged by falling costs, pandemic Robot deliveries are safer, but less efficient -consumers BEIJING, Sept 28 (Reuters) – More than a thousand robots are set to join the delivery personnel ranks of Chinese behemoths Alibaba (9988.HK), Meituan (3690.HK)......

Some Apple, Tesla suppliers suspend production in China amid power pinch

Reuters
Sept 27 (Reuters) – Several Apple Inc (AAPL.O) and Tesla Inc (TSLA.O) suppliers have suspended production at some Chinese factories for a number of days to comply with tighter energy consumption policies, putting supply chains at risk in the peak season for electronics goods. Two major Taiwanese chipmakers, however, said......

Google CEO sought to keep Incognito mode issues out of spotlight, lawsuit alleges

Reuters
Sept 24 (Reuters) – Google Chief Executive Sundar Pichai in 2019 was warned that describing the company’s Incognito browsing mode as “private” was problematic, yet it stayed the course because he did not want the feature “under the spotlight,” according to a new court filing. Google spokesman José Castañeda told......

Review: Hitting the brakes on tech’s runaway train

Reuters
MILAN, Sept 24 (Reuters Breakingviews) – Back in the 1880s, horses plied the roads of London and most people lived a rural life. Jump to the 1920s and the combustion engine, electricity and the telephone had taken hold and re-shaped society. Today we are undergoing an even faster period of......

Twitter rolls out bitcoin tipping, safety features in product push

Reuters
Sept 23 (Reuters) – Twitter Inc (TWTR.N) will allow people to tip their favorite content creators with bitcoin and will launch a fund to pay some users who host audio chat rooms on its Spaces feature, the company said on Thursday. The San Francisco-based company added it will test new......

Salesforce raises full-year revenue outlook on hybrid work boost

Reuters
The company logo for Salesforce.com is displayed on the Salesforce Tower in New York City, U.S., March 7, 2019. REUTERS/Brendan McDermid/File Photo GLOBAL BUSINESS WEEK AHEAD/File Photo Sept 23 (Reuters) – Salesforce.com Inc (CRM.N) on Thursday raised its full-year revenue forecast, as the pandemic-led shift to hybrid work fueled demand......

Australia’s Commonwealth Bank mocks Apple’s ‘pro-competition’ claim

Reuters
A customer holds the iPhone X during the global launch of the new Apple product in central Sydney, Australia, November 3, 2017. REUTERS/David Gray Apple welcomes competition if no one competes with Apple – CBA CBA wants Apple to open its NFC chip for other mobile payments Regulator probing Apple’s......

BlackBerry beats quarterly revenue expectations on cybersecurity boost

Reuters
The Blackberry logo is seen on a smartphone in front of a displayed stock graph in this illustration taken February 5, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Sept 22 (Reuters) – Canada’s BlackBerry Ltd (BB.TO) beat Wall Street estimates for second-quarter revenue on Wednesday amid strong demand for its cybersecurity and Internet......

Oracle uses AI to automate parts of digital marketing

Reuters
The company logo for Oracle Corp. is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 18, 2019. REUTERS/Brendan McDermid/File Photo Sept 20 (Reuters) – Oracle Corp (ORCL.N) announced on Monday a new system that it says will use artificial......

Dinner party-style Emmys display little overt sign of pandemic constraints

Reuters
LOS ANGELES, Sept 19 (Reuters) – While departing yet again from the look of Primetime Emmys of yore, Sunday’s presentation of television’s highest honors gave little overt appearance of being constrained by a second year of the COVID-19 pandemic. So much so, that the night’s first presenter, comic actor-writer Seth......

Russian pro-Putin party wins majority after crackdown; foes cry foul

Reuters
Partial results suggest emphatic United Russia win Pre-vote crackdown crushed Kremlin critics Critics allege widespread fraud, authorities deny Watchdog recorded numerous violations MOSCOW, Sept 20 (Reuters) – Russia’s ruling United Russia party, which supports President Vladimir Putin, retained its parliamentary majority after an election and a sweeping crackdown on its......

Billy Porter, and stars of ‘The Crown’ hit Emmy Awards red carpet

Reuters
LOS ANGELES, Sept 19 (Reuters) – “Pose” star Billy Porter and British actor Josh O’Connor were among the early arrivals in Los Angeles for the Emmy Awards on Sunday on a night where “The Crown” and comedy “Ted Lasso” are expected to dominate the annual ceremony for the top television......

Navalny allies accuse YouTube, Telegram of censorship in Russian election

Reuters
MOSCOW, Sept 18 (Reuters) – Jailed Kremlin critic Alexei Navalny’s allies accused YouTube and Telegram of censorship on Saturday after the video platform and messaging app restricted access to their anti-government voting recommendations for Russia’s parliamentary election. Navalny’s allies already accused Alphabet’s (GOOGL.O) Google and Apple of buckling under Kremlin......

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