Technology
Elon Musk says he’ll vote Republican, bashes Democrats
Trump advisor Steve Bannon (L) watches as President Donald Trump greets Elon Musk, SpaceX and Tesla CEO, before a policy and strategy forum with executives in the State Dining Room of the White House February 3, 2017 in Washington, DC. Brendan Smialowski | AFP | Getty Images Elon Musk said twice this week that he […]
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Cisco stock plunges 17% as company forecasts surprising revenue decline
Cisco shares plunged by as much as 17% in extended trading on Wednesday after the networking company said it generated lower quarterly revenue than analysts predicted and called for an unexpected sales decline in the current period. Here’s how the company did: Earnings: 87 cents per share, adjusted, vs. 86 cents per share as expected […]
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Keeping Illinois nuclear plants open is saving some customers $237 a year on average
Byron, UNITED STATES: The Exelon Byron Nuclear Generating Stations running at full capacity 14 May, 2007, in Byron, Illinois. (Photo credit should read JEFF HAYNES/AFP via Getty Images) JEFF HAYNES | AFP | Getty Images Nuclear energy pays in times of energy price fluctuations. In September, Illinois lawmakers passed a watershed clean energy law which […]
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Amazon’s Twitch, Discord, 4chan face New York AG probe after Buffalo shooting
New York State Attorney General Letitia James in New York City, November 19, 2019. Lucas Jackson | Reuters New York Attorney General Letitia James will investigate social media companies including Amazon’s Twitch in connection to the apparently racially-motivated shooting at a Buffalo supermarket that left 10 dead and three injured. James’ office will also focus […]
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Jeremy Grantham says today’s bubble is worse than 2000, calling stocks to at least double the losses
Jeremy Grantham, a famed investor with a track record of identifying market bubbles, said the downturn today is worse than the tech bubble of 2000, calling stocks to at least double their losses. “The other day, we were down about 19.9% on the S & P 500 and about 27% on the Nasdaq. I would […]
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What comes after the easy money era ends for cash-burning tech companies in Silicon Valley
Male in a suit holding burning cash and bank card. isolated on grey background. FXQuadro | iStock | Getty Images It started with word spreading through Silicon Valley last fall into winter about the term sheets for start-up funding getting pulled. Now, a less frothy Silicon Valley is the assumption in beginning to understand the […]
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Former Disney CEO Bob Iger invests in $15 billion delivery start-up Gopuff
A bag of groceries with the logo of American on-demand delivery start-up Gopuff. Gopuff Delivery start-up Gopuff announced Wednesday that it’s bringing on former Disney CEO Bob Iger as an investor and advisor to the $15 billion company. “It’s been exciting to spend time with Gopuff leadership learning about the company, the founders, and their […]
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Amazon accused of discrimination against pregnant and disabled workers in New York
Staff make their way around the aisles collecting items before sending them to the on-site dispatch hall to be packaged inside one of Britain’s largest Amazon warehouses in Dunfermline, Fife. Jane Barlow | PA Images | Getty Images New York Gov. Kathy Hochul on Wednesday announced the Division of Human Rights has filed a complaint […]
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Amazon just announced a new $60 tablet
Amazon Fire 7 tablet Source: Amazon Amazon announced the latest version of its Fire 7 tablet on Wednesday. At $59.99, the tablet is slightly more expensive than its predecessor, but the company is promising longer battery life. Amazon’s Fire tablets have served as a cheaper alternative to Apple’s iPad, but it isn’t a huge business […]
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Facebook’s IPO 10 years later — new name, same CEO and a familiar problem
A decade ago, Facebook told the public markets that it was pouring money into smartphone apps because mobile usage was key to the company’s growth, even though it did “not currently directly generate any meaningful revenue” at the time. That was in the prospectus for its Nasdaq debut, which took place ten years ago Wednesday […]
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