Day: August 18, 2022

How WhatsApp grew from near-failed app to Meta’s next monetization push
In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. Following the launch of the iPhone in 2009, Former Yahoo! employees Brian Acton and Jan Koum had the idea to create an app that would allow users to update statuses on their contact list, which […]
Read MoreSoon you’ll be able to edit and unsend iMessages on iPhone. Here’s how it works
iMessage in iOS 16 Todd Haselton | CNBC Apple’s new iOS 16 iPhone software, expected in September, will let you edit and unsend text messages for the first time. That means you’ll be able to go back and correct a typo or delete a message if you sent it to the wrong person. And the […]
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Judge says some of DOJ’s affidavit used to obtain Mar-a-Lago search warrant can be unsealed
An aerial view of former U.S. President Donald Trump’s Mar-a-Lago home after Trump said that FBI agents raided it, in Palm Beach, Florida, U.S. August 15, 2022. Marco Bello | Reuters A federal judge said that parts of the affidavit used to obtain a search warrant for former President Donald Trump’s resort home Mar-a-Lago must […]
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U.S. to provide 50,000 monkeypox vaccines for Pride and other events with high attendance by gay men
The U.S. will provide 50,000 monkeypox vaccine doses specifically for large events with high attendance by gay and bisexual men in an effort to better reach the community most at risk right now, health officials said Thursday. Dr. Rochelle Walensky, director of the Centers for Disease Control and Prevention, said communities hosting Pride and other […]
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Snap stops development of Pixy flying camera drone in latest blow to hardware efforts
Snap is pausing development of Pixy, its $230 flying camera drone that was first announced in April, according to a person familiar with the matter who was not authorized to speak on the record. The news was first reported by the Wall Street Journal, which said the decision was relayed to the company’s staff by […]
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Industry veterans take a shot at making fusion commercial with insanely powerful lasers
Inside what’s called the amplifier bay of the Texas Petawatt Laser, where the energy of a laser pulse is boosted. The green light are the pump lasers that amplify or boost the energy of the main laser. Photo courtesy Todd Ditmire As the effects of climate change become more obvious, the promise of nuclear fusion […]
Read MoreCisco shares on track for best day in almost two years after earnings beat
Chuck Robbins, Cisco CEO & Chairman, at the WEF in Davos, Switzerland on May 25th, 2022. Adam Galica | CNBC Cisco shares jumped about 6% on Thursday and headed for their best day in almost two years after the computer networking company reported better-than-expected quarterly results and offered rosy guidance for the coming year. Revenue declined […]
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Michigan governor’s race could cost $100 million as billionaire DeVos family spends millions to oust Gov. Gretchen Whitmer
The wealthy DeVos family is pouring millions of dollars into its long established political network to help Republican candidate Tudor Dixon overtake Michigan Democratic Gov. Gretchen Whitmer in what could be one of the most expensive races in the 2022 midterm elections. State records show that since the beginning of May, DeVos family members contributed […]
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Stocks making the biggest moves midday: Cisco, BJ’s Wholesale, Bed Bath & Beyond, Kohl’s and more
A customer walks through an aisle of a BJ’s Wholesale Club Inc. store in Falls Church, Virginia, U.S. Bloomberg | Bloomberg | Getty Images Check out the companies making the biggest moves midday: Cisco Systems — Shares of the networking equipment producer jumped 5.8%. The company reported earnings after the bell on Wednesday that beat […]
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This $3.8 billion hedge fund is shaking up the industry with its pay-for-performance model
(Click here to subscribe to the Delivering Alpha newsletter.) When Peter Kraus founded Aperture Investors, he deviated from the traditional active management model. Rather than raking in fixed fees, Kraus’ $3.8 billion firm operates on a fee structure linked to performance, charging 30 percent of alpha. That’s higher than the industry standard but since inception, about half […]
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