Technology
Trump-linked SPAC Digital World Acquisition postpones earnings report after seeking to delay merger
The social media app will be developed by Trump Media and Technology Group (TMTG). Rafael Henrique | LightRocket | Getty Images Digital World Acquisition Group, the special purpose acquisition company that plans to merge with Trump Media and Technology Group and take it public, is asking for an extension to file its earnings report, according […]
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Amazon workers walk out over pay, safety concerns at major California air hub
An Amazon-branded Boeing 767 freighter, nicknamed Amazon One, flies over Lake Washington during the Seattle Seafair Air Show on Aug. 5, 2016 in Seattle. Getty Images Amazon workers at the company’s largest air hub in California walked off the job earlier this week to demand higher pay and safety improvements. The work stoppage on Monday […]
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Democratic lawmaker accuses Google of failing to police deceptive ads
U.S. Senator Richard Blumenthal (D-CT) speaks to reporters during a break from a Senate Armed Services and Foreign Relations joint briefing on the U.S. policy on Afghanistan, on Capitol Hill in Washington, February 2, 2022. Al Drago | Reuters Google has failed to take down scam ads that violate its policies, according to Sen. Richard […]
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Amazon is raising seller fees for the holidays to manage through surging inflation
Amazon.com Inc. packages sit in front of a FedEx Corp. delivery truck in New York. Christopher Lee | Bloomberg | Getty Images In its latest effort to contend with soaring inflation, Amazon is planning to raise fulfillment fees during the holiday season, passing off some of its increased costs to the millions of merchants who […]
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3 takeaways from the Investing Club’s ‘Morning Meeting’ on Tuesday
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments: We want growth without inflation WMT, HD earnings beats boost retailers Quick mentions: CTRA, DIS, WFC 1. We want growth without inflation Stocks were mixed Tuesday, with tech names keeping […]
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Amazon accuses FTC of harassing Bezos and Jassy in Prime investigation
Lina Khan, nominee for Commissioner of the Federal Trade Commission (FTC), speaks during a Senate Committee on Commerce, Science, and Transportation confirmation hearing on Capitol Hill in Washington, DC, April 21, 2021. Saul Loeb | Pool | Reuters Amazon accused the Federal Trade Commission of harassing executive chairman Jeff Bezos and CEO Andy Jassy by […]
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Apple reportedly lays off 100 contract recruiters after committing to hiring on a ‘deliberate basis’
Apple CEO Tim Cook walks during Apple’s annual Worldwide Developers Conference in San Jose, California, June 6, 2022. Peter Dasilva | Reuters Apple has laid off about 100 contract-based recruiters in the past week in an effort to slow hiring and spending, according to Bloomberg. The recruiters, who are responsible for hiring new employees at […]
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China’s $370 billion tech giant Tencent could post its first revenue decline on record
People walk past a Tencent sign at the company headquarters in Shenzhen, Guangdong province, China August 7, 2020. David Kirton | Reuters Tencent could post its first year-on-year revenue decline on record when it reports second-quarter earnings on Wednesday, according to analysts, as a Covid-induced slowdown in the Chinese economy and continued challenges in the […]
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Citi downgrades Zoom to sell as growing Teams competition could push the stock down 20%
Growing competition from Microsoft Teams, coupled with a tough macroenvironment, could lead to even more pain for Zoom Video shareholders, according to Citi. Analyst Tyler Radke downgraded Zoom to sell/high risk from neutral/high risk. He also trimmed his price target ahead of its earnings report next week . “Zoom’s post-COVID growth trajectory has always been […]
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Chinese food delivery giant Meituan tanks 9% after Tencent reportedly plans to divest $24 billion stake
Meituan is one of China’s largest food delivery companies. Delivery drivers can be seen zipping around Chinese cities. Tencent first backed rival Dianping in 2014 which merged with Meituan to form the current company. Jade Gao | AFP | Getty Images Shares of Chinese food delivery giant Meituan plunged 9% on Tuesday after Reuters reported […]
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