US watchdog issues final rule to supervise Big Tech payments, digital wallets
November 21, 2024 – 2:38 AM PST REUTERS/Brendan McDermid/File Photo (Reuters) – Silicon Valley tech giants and others who together process more than 13 billion financial transactions annually through digital wallets and payment apps will be subject to government supervision, the U.S. Consumer Financial Protection Bureau said. Advertisement The new rule finalized on Thursday will […]
Apple to urge judge to end US smartphone monopoly case
November 20, 2024 – 3:56 AM PST Apple logo is seen in this illustration taken, August 22, 2022. REUTERS/Dado Ruvic/Illustration/File Photo NEW YORK (Reuters) – Apple (AAPL.O) will ask a federal judge on Wednesday to dismiss the U.S. Department of Justice’s case accusing the iPhone maker of unlawfully dominating the smartphone market, in the latest […]
Nvidia’s options primed for $300-billion price swing after earnings
November 19, 2024 – 3:08 AM PST A staff member holds up a Nvidia Superchip at their headquarters in Taipei, Taiwan May 31, 2023. REUTERS/Ann Wang/File Photo NEW YORK (Reuters) – Options traders are primed for a nearly $300-billion swing in Nvidia’s market value following the chipmaker’s quarterly results on Wednesday, U.S. options market data […]
Netflix says 60 million households worldwide tuned in for Paul-Tyson match
November 16, 2024 – 4:40 PM PST Mike Tyson (black gloves) fights Jake Paul (silver gloves) at AT&T Stadium. Kevin Jairaj-Imagn Images/File Photo Netflix says that 60 million households worldwide had tuned in for the highly anticipated boxing match between Jake Paul and Mike Tyson, and the event peaked at 65 million streams, according to […]
Disney nears tipping point as streaming profits start to offset cable decline
November 15, 2024 – 5:09 AM PST REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) – Bob Iger returned to Walt Disney (DIS.N), as CEO in 2022 with a bold promise of making streaming profitable. Advertisement The latest quarterly results have shown signs of a turnaround at the storied media company, suggesting that Iger may be getting the House of […]
US regulator looks to put Google under federal supervision, Washington Post says
November 14, 2024 – 7:25 AM PST REUTERS/Andrew Kelly/File Photo (Reuters) – The U.S. Consumer Financial Protection Bureau (CFPB) has taken steps to put Alphabet’s Google under formal federal supervision, the Washington Post reported, potentially mounting yet another regulatory challenge for the Big Tech giant. Advertisement Google has fiercely resisted the idea over months of […]
US Supreme Court hears Nvidia bid to avoid securities fraud suit
November 13, 2024 – 7:21 AM PST REUTERS/Jonathan Ernst/File Photo WASHINGTON (Reuters) – The U.S. Supreme Court began hearing arguments on Wednesday in Nvidia’s bid to torpedo a securities fraud lawsuit accusing the artificial intelligence chipmaker of misleading investors about how much of its sales depended on the volatile cryptocurrency market. Advertisement Nvidia appealed a […]
Record-breaking bitcoin surges towards $90,000 on Trump boost
November 12, 2024 – 3:30 AM PST Photo by Dan Kitwood/Getty Images SINGAPORE/LONDON (Reuters) – Bitcoin rallied to the verge of $90,000 on Tuesday, riding a wave of euphoria since the election of Donald Trump as U.S. president on expectations his administration will be crypto friendly. Advertisement The world’s biggest cryptocurrency BTC= has become one […]
Amazon developing driver eyeglasses to shave seconds off deliveries, sources say
November 11, 2024 – 5:34 AM PST Amazon’s eyeglasses that come with its virtual assistant Alexa, the Echo Frames, rest on a display at the company’s headquarters in Seattle, Washington, U.S. September 25, 2019. REUTERS/Jeffrey Dastin/File Photo (Reuters) – Amazon (AMZN.O) is developing smart eyeglasses for its delivery drivers to guide them to, around and […]
Nvidia surpasses $3.6 trillion market value after Trump win
November 7, 2024 – 1:38 PM PST REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) – Shares of Nvidia rallied to a record high on Thursday, making the chipmaker the first company in history to surpass a stock market value of $3.6 trillion as Wall Street extended a rally sparked by Donald Trump’s return to the White House. Advertisement […]