Technology
AT&T shares fall after company says overdue bills, higher spending are hurting cash flow
A man walks with an umbrella outside of AT&T corporate headquarters on March 13, 2020 in Dallas, Texas. Ronald Martinez | Getty Images AT&T shares fell Thursday after the company said its cash flow was hurt by customers’ late phone payments and unexpected expenses in establishing 5G infrastructure. The company said customers have been paying […]
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Chinese TikTok owner increased U.S. lobbying spending by 130% this quarter
Rafael Henrique | Sopa Images | Lightrocket | Getty Images TikTok’s Chinese parent ByteDance had its biggest lobbying quarter ever, spending more than $2.1 million in the second quarter to lobby the U.S. government, according to its disclosure filed Wednesday in a federal database. That represents a 130% increase from ByteDance’s spending the previous quarter […]
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Facebook goes old school with a new feed that favors friends and family
Facebook is launching a new feature on Thursday that lets users see posts in reverse chronological order rather than content that’s been ranked by an algorithm. Called “Feeds,” the tool is a dedicated tab in the Facebook app that shows all the latest posts from users’ friends. The main news feed will now be known […]
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Crypto startup Blockchain.com lays off 25% of staff as 3AC fallout spreads
Blockchain co-founder and CEO Peter Smith speaks during the Web Summit tech conference in Lisbon, Portugal on November 6, 2018. Pedro Fiúza | NurPhoto via Getty Images Crypto startup Blockchain.com says it is laying off 25% of its staff, citing harsh market conditions. The cuts translate to about 150 roles at the firm. The company […]
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Amazon’s first U.S. union faces an uphill battle after historic win at Staten Island warehouse
When more than 2,600 workers at a Staten Island, New York, warehouse called JFK8 voted to join Amazon’s first U.S. union in April, it was a historic moment. But it was only the first step in a long uphill climb toward a contract. A week after the union won the election at JFK8, Amazon filed […]
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Amazon to buy primary health care provider One Medical for roughly $3.9 billion
Andy Jassy, chief executive officer of Amazon.Com Inc., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon said Thursday it will acquire One Medical for $18 a share, in an all-cash deal valuing the primary health care provider at roughly $3.9 billion. […]
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Toyota plans to roll out hydrogen fuel-cell trucks for the Japanese market next year
A Toyota Mirai hydrogen fuel cell vehicle photographed in Berlin, Germany, in August 2021. The Japanese automotive giant started working on the development of fuel-cell vehicles back in 1992. Krisztian Bocsi | Bloomberg | Getty Images Automotive giant Toyota, along with three other partners, will work on the development of light-duty fuel cell electric trucks […]
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India’s IT giants pay CEOs millions as turnover climbs among software talent
There is a wild mismatch between the salaries of the CEOs of Indian Information Technology companies and lower and mid-level employees, the latter seen here going about their business at the headquarters of India’s best-known technology company, Infosys Technologies Ltd. in Bangalore in a stock photo. Bloomberg | Bloomberg | Getty Images The chief executive […]
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Microsoft eases up on hiring as economic concerns hit more of the tech industry
Satya Nadella, chief executive officer of Microsoft Corp., appears at a panel session at the World Economic Forum in Davos, Switzerland, on May 24, 2022. Hollie Adams | Bloomberg | Getty Images Microsoft said it will decelerate the pace of hiring new employees given current economic conditions, following similar announcements from its tech counterparts. “As […]
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Raimondo warns of ‘deep and immediate recession’ if U.S. were to be cut off from Taiwan chip manufacturing
Commerce Secretary Gina Raimondo warned on Wednesday that the country’s current dependence on foreign computer chip fabrication puts it at risk of a recession if it’s ever cut off. Her comments come as Congress nears key votes on a bill to fund U.S. semiconductor manufacturing, While many computer chips are designed in the U.S. by […]
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