Technology
JPMorgan hires scientist Charles Lim to help protect financial system from quantum-supremacy threat
Dr. Charles Lim, Global Head of Quantum Communications and Cryptography, JP Morgan Chase Courtesy: JP Morgan Chase JPMorgan Chase has hired a Singapore-based quantum-computing expert to be the bank’s global head for quantum communications and cryptography, according to a memo obtained by CNBC. Charles Lim, an assistant professor at the National University of Singapore, will […]
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Meta shares fall following disappointing earnings
Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, October 23, 2019. Erin Scott | Reuters Shares of Meta are down nearly 7% on Thursday, a day after the company released second-quarter earnings that missed on the top and bottom lines. Meta’s revenue fell almost 1% from a […]
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Here’s what to expect ahead of Apple earnings after April’s supply-constraint warning
We remain cautiously optimistic heading into Apple’s fiscal third-quarter earnings, which will be released after the closing bell Thursday. Source
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Samsung aims for foldable phone sales to overtake those of its now-dead but very popular Note devices
Samsung Electronics Co. said it is aiming for sales of its foldable phones to surpass its now-discontinued Note series of smarpthones as it looks to boost profitabiltiy for its mobile division. SeongJoon Cho | Bloomberg | Getty Images Samsung is hoping to take its foldable phones mainstream, saying Thursday that it’s aiming for sales of […]
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Having a woman in the boardroom or C-suite drives even wider diversity, study finds
shironosov | Getty Images If you want to take a good guess at a company’s gender diversity record, you might want to first look at who its CEO or board chair is, according to the findings of a new study. Having a female CEO at the helm of a company or chairing its board tends […]
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Comcast fails to add broadband subscribers for first time ever as economy slows
NBCUniversal kicks off it’s new Peacock streaming service. Todd Williamson | Peacock | NBCUniversal | Getty Images Comcast reported second-quarter revenue and earnings that topped analyst estimates, but the cable provider didn’t add broadband customers in a quarter for the first time ever. Comcast’s high-speed internet customers in the quarter were flat, trailing the 84,000 average […]
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Self-driving start-up Pony.ai plans to mass produce robotrucks in China
Self-driving tech start-up Pony.ai announced Thursday it plans to mass produce autonomous driving trucks with equipment manufacturing giant Sany Heavy Industry. Pony.ai BEIJING — Self-driving tech start-up Pony.ai announced Thursday it plans to mass produce autonomous driving trucks in China with equipment manufacturing giant Sany Heavy Industry. Annual production is set to reach about 10,000 […]
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Facebook lawsuit delivers on FTC chair Lina Khan’s progressive agenda
FTC Commissioner nominee Lina M. Khan testifies during a Senate Committee on Commerce, Science, and Transportation confirmation hearing on Capitol Hill in Washington, DC, April 21, 2021. Graeme Jennings | AFP | Getty Images Federal Trade Commission Chair Lina Khan’s lofty vision of bringing challenging cases to expand the bounds of antitrust enforcement is no […]
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Mark Zuckerberg says economic downturn is here, so Meta must do more with less
Meta Platforms CEO Mark Zuckerberg speaks at Georgetown University in Washington on Oct. 17, 2019. Andrew Caballero-Reynolds | AFP | Getty Images Meta Platforms CEO Mark Zuckerberg said on the company’s second-quarter earnings call Wednesday that the economy seems to be in a downturn that will hurt digital advertising, so the Facebook parent company must […]
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Qualcomm sales rise 37% despite ‘challenging macroeconomic environment’
Qualcomm president and CEO Cristiano Amon speaks about Qualcomm’s technology for automakers at a news conference during CES 2022 in Las Vegas, Nevada, January 4, 2022. Steve Marcus | Reuters Qualcomm reported third-quarter earnings after the bell on Wednesday, slightly beating Wall Street expectations, but guidance for the current quarter was short of consensus expectations. […]
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