Nokia reports 32% drop in profit but sees recovery in 2nd half
July 18, 2024 – 1:32 AM PDT JUSSI NUKARI/Lehtikuva/via REUTERS/File Photo (Reuters) – Nokia (NOKIA.HE) reported a 32% drop in second-quarter operating profit, citing weak demand for 5G telecom equipment, but the Finnish telecoms group said sales should recover towards the end of 2024 with the help of orders from North America. Advertisement The profit, […]
US online sales hit $7.2 bln on first day of Amazon Prime Day event, Adobe says
July 17, 2024 – 7:48 AM PDT A worker assembles a box for delivery at the Amazon fulfillment center in Baltimore, Maryland, U.S., April 30, 2019. REUTERS/Clodagh Kilcoyne/File Photo (Reuters) – Shoppers spent about $7.2 billion online across retailers during the first day of Amazon’s Prime Day in the United States, according to a report […]
FTC seeking details on Amazon deal with AI startup Adept, source says
July 16, 2024 – 8:09 AM PDT (Photo credit should read DENIS CHARLET/AFP via Getty Images) (Reuters) – The U.S. Federal Trade Commission has asked Amazon.com (AMZN.O) to provide more details on its deal to hire top executives and researchers from artificial intelligence startup Adept, a person familiar with the matter told Reuters. Advertisement The […]
Apple at all-time high after Morgan Stanley calls stock ‘top pick’ for AI efforts
July 15, 2024 – 6:40 AM PDT Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York, U.S., August 1, 2018. REUTERS/Lucas Jackson/File Photo (Reuters) – Apple’s (AAPL.O) shares rose 2.5% to a record high on Monday after Morgan Stanley raised its price target on the iPhone […]
SpaceX Falcon 9 suffers rare failure in space, imperiling Starlink mission
July 12, 2024 – 7:24 AM PDT SpaceX’s Falcon 9 is pictured launching satellites to orbit in space after it lifted off from the Vandenberg Space Force Base in California, U.S., in this screenshot obtained from a handout video released on July 12, 2024. SpaceX/Handout via REUTERS WASHINGTON (Reuters) – A second-stage engine on SpaceX’s […]
US House committee votes to release closed-door hearing transcript in TikTok lawsuit
July 11, 2024 – 8:24 AM PDT REUTERS/Dado Ruvic/Illustration/File Photo WASHINGTON (Reuters) – A U.S. House committee on Thursday voted to release a transcript of a closed-door hearing in March on threats posed by TikTok to the Justice Department in its defense of a law that seeks to force its Chinese owner to divest the […]
Meta expands hate speech policy to remove more posts targeting ‘Zionists’
July 9, 2024 – 7:36 AM PDT REUTERS/Yves Herman/File Photo (Reuters) – Meta Platforms (META.O) said on Tuesday it would start taking down more posts that target “Zionists”, where the term is used to refer to Jewish people and Israelis rather than representing supporters of the political movement. Advertisement The Facebook and Instagram parent said […]
Tesla investors to urge judge to reject record $7 bln legal fee in Musk pay case
July 8, 2024 – 3:43 AM PDT Tesla Inc CEO Elon Musk walks next to a screen showing an image of Tesla Model 3 car during an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7, 2020. REUTERS/Aly Song//File Photo WILMINGTON, Delaware (Reuters) – Tesla shareholders will appear in court on […]
Crypto hacking thefts double to $1.4 bln in first half of 2024, researchers say
July 5, 2024 – 6:59 AM PDT REUTERS/Dado Ruvic/Illustration/File Photo LONDON (Reuters) – The amount of cryptocurrency stolen in hacks globally more than doubled in the first six months of 2024 from a year earlier, driven by a small number of large attacks and rising crypto prices, blockchain researchers TRM Labs said on Friday. Advertisement […]
Microsoft settles California probe over worker leave for $14 million
July 3, 2024 – 1:54 PM PDT Photo by David Ramos/Getty Images (Reuters) – Microsoft Corp (MSFT.O) has agreed to pay $14 million to settle a California agency’s claims that it illegally penalized workers who took medical or family-care leave, the agency said on Wednesday. Advertisement The California Civil Rights Department in filings in state court […]