US President Joe Biden speaks about the situation in Afghanistan from the East Room of the White House in Washington, DC, July 8, 2021. Saul Loeb | AFP | Getty Images The White House on Friday will announce a new executive order aimed at cracking down on competitive practices in Big Tech, CNBC’s Ylan Mui
Technology
The crest of the United States Department of Justice (DOJ) is seen at their headquarters in Washington, D.C., U.S., May 10, 2021. Andrew Kelly | Reuters A Swedish man wanted by the United States for defrauding over 3,500 victims of more than $16 million has been sentenced to 15 years in prison for securities fraud,
In this article MSFT Satya Nadella, chief executive officer of Microsoft Corp. Grant Hindsley | Bloomberg | Getty Images Microsoft will give out $1,500 bonuses to many of its employees after more than a year of impact from the coronavirus. The gesture is part of an effort at technology companies to keep employees happy during
In this article AAPL Google announced last week 60% of its workforce will work around three days a week in the office, 20% in new office locations, and 20% from home. David Paul Morris | Bloomberg | Bloomberg | Getty Images State attorneys general are again going after Google with an antitrust lawsuit against, this
Bill Gates and his wife Melinda Gates introduce the Goalkeepers event at the Lincoln Center on September 26, 2018, in New York. (Photo by Ludovic MARIN / AFP) (Photo credit should read LUDOVIC MARIN/AFP via Getty Images) LUDOVIC MARIN | AFP | Getty Images Melinda French Gates, the wife of Microsoft Co-Founder Bill Gates for
Budrul Chukrut | LightRocket | Getty Images China’s central bank said Tuesday it had called for the shutdown of a company that “was suspected of providing software services for virtual currency transactions.” The statement, issued by the Beijing office of the People’s Bank of China, also warned institutions not to provide other services related to
Aerial view of The Pentagon in Langley, Virginia. Getty Images The Department of Defense announced Tuesday it’s calling off the $10 billion cloud contract that was the subject of a legal battle involving Amazon and Microsoft. The JEDI, or Joint Enterprise Defense Infrastructure, deal has become one of the most tangled contracts for the Department
Amazon.com founder and CEO Jeff Bezos. Getty Images Ann Hiatt remembers Jeff Bezos didn’t like to sit down for long. As the Amazon CEO’s executive assistant from 2002 to 2005, Hiatt was charged with keeping track of Bezos’ whereabouts. At that time, the fast-growing internet retailer had moved into an Art Deco-style building that was
In this article DSY-ZA Still from Disney’s latest Pixar film “Luca.” Disney While most Americans are breathing a sigh of relief as they return to normal activities outside the home in the wake of the Covid-19 pandemic, the streaming video industry may not be quite as excited for a return to reality. Comcast‘s NBCUniversal, ViacomCBS,
In this article BZ YMM GUANGZHOU, China — Chinese regulators have opened a cybersecurity review into U.S.-listed Boss Zhipin and subsidiaries of Full Truck Alliance. The Cyberspace Administration of China (CAC) said the probe had been opened to “prevent national data security risks” as the crackdown on the country’s technology sector continues. Yunmanman and Huochebang,
In this article UBER LYFT A ride share driver picks up passengers at O’Hare Airport on April 10, 2019 in Chicago, Illinois. Scott Olson / Getty Images After a dramatic decline in traveling this past year, people are moving again. Yet, despite offering cash incentives, rideshare giants Uber and Lyft are still struggling to bring drivers
In this article PCG California’s largest utility company, Pacific Gas & Electric, has a massive wildfire problem. Five of the ten most destructive fires in California since 2015 have been linked to PG&E equipment, including the 2018 Camp Fire that took out the town of Paradise and killed 85 people. Since then, PG&E has been
Bitcoin mine on the edge of the Tibetan Plateau near Sichuan, China. The mine is strategically placed next to a hydraulic power generator. Getty Images It just became a whole lot easier and much more profitable to mine for bitcoin. The world has known for months that more than half the world’s bitcoin miners would
In this article AMZN Andy Jassy, CEO of Amazon Web Services. Patrick T. Fallon | Bloomberg | Getty Images Amazon said in a filing on Friday that it will grant Andy Jassy 61,000 shares of stock on Monday, when he replaces Jeff Bezos as the online retailer’s second CEO. The shares will vest over a
Visitors looking at a China-made Tesla Model Y electric vehicle at the Auto Shanghai 2021 show in Shanghai, China, on April 27, 2021. Qilai Shen | Bloomberg | Getty Images Tesla delivered 201,250 vehicles in the second quarter of 2021, the company reported. The quarter’s deliveries fell short of expectations. Analysts were expecting Tesla to
In this article TSLA A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York. Lucas Jackson | Reuters A 2021 Tesla Model S Plaid caught fire on Tuesday night in Haverford, Pennsylvania, while the owner was at the wheel, according to Charles McGarvey, Chief Fire Officer for the
Amazon Founder and CEO Jeff Bezos Mark Ralston | AFP | Getty Images Amazon on Thursday added two new entries to its vaunted “leadership principles,” a list of more than a dozen business philosophies meant to guide employee decisions and goals. Many of Amazon’s leadership principles have existed since the company’s earliest days, such as
The New York Stock Exchange welcomes executives and guests of Clear Secure, Inc. (NYSE: YOU), on June 30, 2021, in celebration of its Initial Public Offering. NYSE On a day with more tech IPOs than available bell-ringing slots at U.S. exchanges, investors reaped billions of dollars in gains. But the winners extended far beyond Silicon
Lina Khan, nominee for Commissioner of the Federal Trade Commission (FTC), speaks during a Senate Committee on Commerce, Science, and Transportation confirmation hearing on Capitol Hill in Washington, DC, April 21, 2021. Saul Loeb | Pool | Reuters Amazon is pressing for the recusal of FTC Chairwoman Lina Khan from ongoing antitrust probes of the
Zoom In IconArrows pointing outwards With Windows 11, Microsoft is introducing modern touches to the experience of using a PC. Most noticeably, a new design is meant to help users more quickly get what they’re looking for. The changes go beyond the surface, though. Microsoft is changing the rules of its app store to bring
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