Month: October 2024
European Central Bank policymakers split on the need for jumbo rate cuts as growth concerns take over
A cyclist drives along a road under a railway bridge near the headquarters of the European Central Bank (ECB) in Frankfurt am Main, western Germany, on July 18, 2024, ahead of an ECB press conference on the Eurozone’s monetary policy. Kirill Kudryavtsev | Afp | Getty Images Policymakers at the European Central Bank are split […]
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Inside the fall of 23andMe
Once worth $6 billion, 23andMe has lost 98% of its value and is on the verge of being delisted from the Nasdaq after all of its independent board members resigned in September. So what happened? Founded in 2006, 23andMe set out to revolutionize the once very exclusive genetic testing business with a direct-to-consumer model. Thanks […]
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Stocks making the biggest moves premarket: Boeing, McDonald’s, Enphase Energy, Coca-Cola and more
Check out the companies making headlines before the bell. McDonald’s — Shares fell more than 6% after the U.S. Centers for Disease Control and Prevention said an E. coli outbreak linked to the fast food company’s Quarter Pounder burgers has resulted in the hospitalization of 10 people and one death. Starbucks — The coffee chain […]
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Here’s why China has been testing its autonomous car technology in the U.S. for years
Chinese companies are aggressively developing autonomous vehicles. In August, China announced that it had issued 16,000 test licenses for driverless cars and opened up about 20,000 miles of roads nationwide for autonomous vehicle testing. But Chinese autonomous vehicle companies have also quietly been testing their technology on U.S. streets. Baidu, Didi, WeRide, Pony.ai and AutoX […]
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How trolls, lawsuits and layoffs led to a ‘trust and safety winter’ for misinformation ahead of election
Nina Jankowicz, a disinformation expert and vice president at the Centre for Information Resilience, gestures during an interview with AFP in Washington, DC, on March 23, 2023. Bastien Inzaurralde | AFP | Getty Images Nina Jankowicz’s dream job has turned into a nightmare. For the past 10 years, she’s been a disinformation researcher, studying and […]
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Big Tech is driving a nuclear power revival, energy guru Dan Yergin says
In this aerial view, the shuttered Three Mile Island nuclear power plant stands in the middle of the Susquehanna River near Middletown, Pennsylvania, on Oct. 10, 2024. Chip Somodevilla | Getty Images Nuclear power may be making a comeback in the U.S. after years of setbacks — and big tech is the driving force. As […]
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UK’s ruling Labour Party rejects accusations of U.S. election interference
British Prime Minister Sir Keir Starmer speaks with leaders from across the UK during the International Investment Summit on October 13, 2024 in London, England. Wpa Pool | Getty Images News | Getty Images The U.K.’s ruling Labour Party has rejected accusations by former U.S. president Donald Trump’s campaign team that the British party’s members […]
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New Boeing CEO sets sights on ‘leaner’ future as quarterly loss tops $6 billion
Workers picket outside the Boeing Co. manufacturing facility during a strike in Renton, Washington, US, on Thursday, Oct. 3, 2024. David Ryder | Bloomberg | Getty Images Boeing‘s new CEO Kelly Ortberg said the company needs to become leaner and improve quality, a vision he laid out for the troubled plane manufacturer ahead of his […]
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Chinese smartphone companies tout AI features ahead of Apple Intelligence launch
Key Points Honor, a spinoff from Huawei that focuses on higher-end devices, revealed Wednesday the latest version of its Android-based Magic operating system would focus on AI as an assistant. Telecommunications giant Huawei on Tuesday launched an upgrade to its HarmonyOS system that uses in-house AI to allow users to translate text, take notes and […]
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Stripe’s $1.1 billion deal for crypto firm Bridge marks much-needed win for VCs
The Stripe logo on a smartphone with U.S. dollar banknotes in the background. Budrul Chukrut | SOPA Images | LightRocket via Getty Images In March 2022, venture capitalist Chris Ahn was pushing to get into a hot crypto startup that was trying to make it easy for businesses to transact using digital currencies. The company […]
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