Technology
British government had ‘constructive’ talks with Musk’s X over disinformation, minister says
As the riots raged in the U.K., Elon Musk began making incendiary comments about the situation, including the statement: “Civil war is inevitable.” Musk is the owner of X, the social media platform formerly known as X. Aytug Can Sencar | Anadolu | Getty Images LONDON — The U.K. government has had “constructive” talks with […]
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Samsung shares fall as workers’ strike at India plant continues after talks fall through
Workers stage a protest to demand higher wages and recognition of their union, at Samsung India’s plant in Sriperumbudur, near Chennai on September 11, 2024. R.satish Babu | Afp | Getty Images Shares of Samsung Electronics fell as much as 3% on Friday, as workers at its southern Indian plant continued to strike, disrupting production […]
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Meta offered ‘unacceptable’ response to concerns over illicit drug ads on Facebook and Instagram, congressman says
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during an interview on “The Circuit with Emily Chang” at Meta headquarters in Menlo Park, California, US, on Thursday, July 18, 2024. Jason Henry | Bloomberg | Getty Images A Republican congressman slammed Meta on Thursday over what the lawmaker called an inadequate response to concerns […]
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Adobe stock slips on soft fourth-quarter revenue guidance
Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor of the New York Stock Exchange on Feb. 20, 2024. Brendan Mcdermid | Reuters Adobe reported third-quarter results on Thursday that beat Wall Street expectations for sales and earnings, but the stock slid 10% in extended trading on fourth-quarter guidance that came […]
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Oracle bumps up fiscal 2026 revenue forecast, lifting stock 6%
Oracle Corp. CEO Safra Catz walks on the floor of the New York Stock Exchange as Oracle rang the opening bell in celebration of its 10th anniversary of listing on the exchange in New York on July 12, 2023. Spencer Platt | Getty Images Oracle shares rose about 6% in extended trading on Thursday after […]
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Intel getting help from Commerce Secretary Raimondo as part of effort to spur U.S. production
Secretary of Commerce Gina Raimondo listens as President Joe Biden participates virtually in a meeting on the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act at the White House on July 25, 2022. Anna Moneymaker | Getty Images News | Getty Images Intel has been badly beaten down of late, losing 60% of […]
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Amazon hikes wages for contract delivery drivers as union pressures grow
In an aerial view, Amazon delivery trucks sit parked at an Amazon distribution center on July 16, 2024 in Richmond, California. Justin Sullivan | Getty Images Amazon is bumping its average national pay for contracted delivery drivers to roughly $22 an hour, up from $20.50 an hour, the company said Thursday. The wage increase is […]
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Ripple’s XRP jumps as much as 9% as Grayscale introduces XRP trust that could pave way for an ETF
In this photo illustration of the ripple cryptocurrency ‘altcoin’ sits arranged for a photograph on April 25, 2018 in London, England. Jack Taylor | Getty Images News | Getty Images The price of Ripple’s XRP token jumped Thursday after Grayscale announced the launch of a new trust that gives accredited investors direct exposure to the […]
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How one climate startup aims to use AI to protect the power grid
As fires intensify in the western United States, utility companies are on the front lines, working to protect the power lines that serve millions of customers. And as the frequency of fires and severe storms increases, so does the amount of technology that utility companies use to keep things running. The U.S. has roughly 5.5 […]
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Microsoft to cut 650 jobs at its Xbox gaming unit — read the full memo from top exec Phil Spencer
Phil Spencer, executive vice president at Microsoft, speaks at the company’s Xbox One X reveal event ahead of the E3 Electronic Entertainment Expo in Los Angeles on June 11, 2017. Patrick T. Fallon | Bloomberg | Getty Images Microsoft on Thursday said it is cutting 650 roles at its Xbox gaming division, in the latest […]
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