The Federal Communications Commission (FCC) has approved an application by Seattle-based Amazon to launch more than 3,000 satellites into orbit, despite ongoing concerns about launching so-called...
Continue reading...July 2020
Facebook Reports Slower Q2 Advertising Growth While Google Reveals A Rare Revenue Decline.
The headwinds of Covid-19’s economic impact in the second quarter were strong enough to slow down even the ad-funded tech giants. In its second-quarter results released...
Continue reading...Slashing $600 Unemployment Benefits Would Be ‘Absolutely Devastating’ For U.S. Economy.
With Congress and the White House deadlocked over what to do with the now-expired $600-per-week federal unemployment insurance benefit, millions of Americans are set to lose...
Continue reading...Bank of America has deferred $7.7 billion of loans for commercial clients in response to the coronavirus pandemic.
Bank of America Corp. has deferred $7.7 billion of loans for commercial clients in response to the coronavirus pandemic. About 2% of clients’ commercial loans had...
Continue reading...Google’s $2.1 billion Fitbit deal faces full EU antitrust probe.
Google’s $2.1 billion bid for fitness tracker maker Fitbit will face a full-scale EU antitrust investigation next week, people familiar with the matter said today. Alphabet unit Google...
Continue reading...The Sims 4 hits 30 million players with massive pandemic bump.
Electronic Arts announced today during its latest earnings report that The Sims 4 has reached 30 million players. The Sims 4 launched back in 2014, but it has had...
Continue reading...Apple overtakes Saudi Aramco as world’s most valuable public company.
Apple’s stock hit a record high on Friday after reporting blockbuster quarterly results, helping the iPhone maker briefly overtake Saudi Aramco to become the world’s most valuable publicly...
Continue reading...Australia to force Google and Facebook to pay news publishers
A draft mandatory code announced by the Australian government would force Google and Facebook to pay news outlets for using their content. The new rules are...
Continue reading...Chinese Tesla rival Xpeng Motors in talks over $300 million in funding ahead of U.S. IPO, sources say
Xpeng Motors, one of Tesla’s rivals in China, is in talks to raise around $300 million in funding. Qatar’s sovereign wealth fund, the Qatar Investment Authority, is...
Continue reading...Apple confirms new iPhones won’t arrive in September
This isn’t the first iPhone delay in history. Apple has confirmed it’s planning to launch its new iPhones a little later this year. “Last year we...
Continue reading...