Business News
NYC to go another year without new Uber and Lyft drivers
CBSNews - 13 Jun 2019 00:17
The city had originally banned ride-hail apps from signing new drivers last August as part of a plan to raise pay levels
Facebook's COO Sandberg goes silent over Zuckerberg privacy concerns
New York Post - 13 Jun 2019 04:06
MENLO PARK, Calif. -- Sheryl Sandberg isn't worried about the elephant in the room. Facebook's No. 2 exec made a show of meeting with journalists at the company's sprawling campus here on Wednesday -- but refused to answ...
U.S. denies Tesla, Uber 25% tariff relief on components, e-bikes
Reuters - 13 Jun 2019 19:16
The Trump administration is expanding its efforts to block the use of Chinese technology in advanced vehicles, denying additional requests by Tesla Inc for tariff relief on key components of its electric vehicles, and re...
DHL says it will invest $150 million to expand U.S. healthcare business
Reuters - 13 Jun 2019 16:28
Deutsche Post DHL Group on Thursday said it will spend $150 million this year to expand its U.S. healthcare distribution network capacity by roughly 40 percent.
Hong Kong leads Asian stocks lower, oil fragile at five-month lows
Reuters - 13 Jun 2019 10:04
Asian shares slumped on Thursday as the Hong Kong market was hit for the second straight session following a day of massive street protests, while oil prices flirted with five-month lows due to higher U.S. crude inventor...
India's Jet Airways plunges as bourse moves to limit speculative trading
Reuters - 13 Jun 2019 09:44
Shares of Jet Airways sunk over 23% to a record low on Thursday after India's largest stock exchange said the carrier would soon no longer be traded in the derivatives market, while day-trading in the stock would also be...
Big meat giant Tyson is launching a new part-beef, part-pea burger
Fast Company - 13 Jun 2019 09:00
The plan is to cater to carnivores who want to cut down their meat consumption without going cold Tofurkey–and it’s part of a larger push by the largest meat producer in the U.S. to offer meat alternatives. Tyson Foo...
Factbox: Safe havens emerge in China, South Asia as recession risks grow
Reuters - 13 Jun 2019 08:23
Fears of a global recession are on the rise as the U.S.-China trade war re-escalated in May, sending investors to the safety of U.S Treasuries, the Japanese yen and gold.
This overlooked Facebook business could be worth $5 billion a year, Deutsche Bank says
Market Watch - 13 Jun 2019 17:57
Facebook Watch has been conspicuously overlooked since it made its debut in 2017.
Market Snapshot: Stock futures point to higher start for Wall Street after back-to-back losses
Market Watch - 13 Jun 2019 15:02
Stock-index futures point Thursday to a modestly higher start for Wall Street after back-to-back losses for major indexes, though investors continue to focus on U.S.-China trade talks and are eyeing a sharp jump in oil f...
RH soars 23% on earnings beat as retailer's luxury strategy begins to pay off
CNBC - 13 Jun 2019 14:34
RH tops earnings and revenue estimates, attributing its performance to its strategy of transforming into a luxury lifestyle brand.
How Hong Kong protesters are evading China’s digital crackdown
Fast Company - 13 Jun 2019 12:45
They’re taking steps to avoid government censorship and stay anonymous. Tens of thousands of protesters have taken to the streets in Hong Kong in recent days to protest a proposed law that would make it easier to extra...
Valuations in China and Hong Kong look 'fairly decent': Investor
CNBC - 13 Jun 2019 09:13
Binay Chandgothia of Principal Global Investors says he would start looking to add exposure to stocks in Hong Kong and China as they sell off more. He says the markets could fall up to 10 percent further in the worst cas...
Goldman Sachs offering to pay for Marcus bank's customers' silence
New York Post - 13 Jun 2019 04:23
Goldman Sachs really, really, really doesn't want you to sue the company. The Wall Street investment bank quietly offered this week to pay all the fees for customers who bring legal claims against its new consumer bank -...
On a Greek Island that Welcomes Migrants, Fear, Frustration, and a sense of Abandonment Grow
The New Yorker - 13 Jun 2019 23:46
Nicolas Niarchos on the Greek island of Samos, which has welcomed migrants but is now dealing with overcrowding as the European community has failed to relocate refugees.
Dota Underlords is Valve's take on Auto Chess
Venture Beat - 13 Jun 2019 23:10
Dota Underlords is the official Valve version of Auto Chess. It's for PC and mobile and will be on Steam before heading to iOS and Android in open beta.
Amazon launches new secured credit card for those with bad or no credit
USA Today - 13 Jun 2019 22:10
The new Amazon secured credit card can be a good way to build credit history, but customers still need to be wary of some of its other features.
Final Fantasy VII Remake hands-on -- My reservations are gone
Venture Beat - 13 Jun 2019 22:03
Final Fantasy VII Remake has combat that isn't hack-and-slash or turn-based, and it's great.
Meet The Medium Who Helps Law Enforcement Solve The Unsolvable
Forbes - 13 Jun 2019 21:18
Medium, Fionna Johannson, uses her talents to aid law enforcement in solving cold cases.
Chime reports big user growth, but rival Varo questions numbers
American Banker - 13 Jun 2019 20:13
The CEO of the digital-only bank Chime says it has quadrupled its membership in a year. So why doesn't his counterpart at Varo believe him?
Intel hires Xbox chip architect John Sell and Apple's Manisha Pandya
Venture Beat - 13 Jun 2019 19:53
Intel has hired John Sell, the chief architect of next-generation console chips at Microsoft. Sell worked on the chips for the Xbox One, Xbox One X, and the upcoming Project Scarlet.
How Microsoft hopes to preserve privacy while gathering AR map data
Venture Beat - 13 Jun 2019 19:50
Researchers at Microsoft detail an attack vector for augmented reality map data, and a method that might help to preserve privacy in those same maps.