|Day's Range||162.97 - 162.97|
Today's tech headlines include Facebook's Libra, Pixel 4 leaks and Tesla chief Elon Musk in hot water over tweets.
E3 2019 is in the books. And while the convention brought plenty of new video game announcements and updates to salivate over for the next few months, it also left plenty of questions — particularly when it comes to cloud gaming. Yahoo Finance's Tech Editor Dan Howley joined 'The Final Round' to discuss.
Have you found yourself using Google's lyrics results more than visitingindividual lyrics sites? You're not alone -- and Genius thinks underhandedtactics are involved
Apple CEO Tim Cook took the stage at the 2019 Stanford University commencement ceremony to deliver an address that hammered the tech industry over privacy practices and a failure to account for leaks and hacks.
Needham analyst Laura Martin wrote Monday that Facebook Inc. appears to be in a worse position than Big Tech peers Alphabet Inc. and Apple Inc. given that the Federal Trade Commission and not the Department of Justice has jurisdiction to investigate the company's practices. Martin points to several aspects of the FTC's mission statement that indicate to her that the agency has a wider scope for its investigations. The FTC's mission statement conveys a focus on "preventing anti-competitive, deceptive, and unfair business practices through law enforcement, advocacy, and education without unduly burdening legitimate business activity" and mentions that the agency is "the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy." To Martin, this mission means that the company "can look into almost anything it wants to in any industry it wants to" and can "pivot and look at a different potential infraction" if it doesn't find anything in one area. The FTC also has public hearings, which could bring negative attention to Facebook, while peers Alphabet and Apple are now under the eye of the DOJ, which runs a closed investigative process. Martin has a hold rating on shares, which are up 38% so far this year, as the S&P 500 has risen 12%.
The Federal Reserve is widely expected to strike a dovish chord when it meets this week, clearing the way for a July rate cut — the first in more than a decade — that almost 40% of economists in a WSJ poll are expecting. While a hawkish Fed no longer looms over this aging bull market, Nouriel Roubini, now says the world “has an even bigger problem on its hands.”
What was supposed to be a roundtable discussion functioned more like a public drubbing of YouTube. A decade ago, fretful parents worried about video games and slasher films—but today, YouTube incites greater fear. Alicia Blum-Ross, YouTube’s policy chief for kids and family, tried to convince the room that her company was getting quality content to kids.
Huawei Technologies Co. is preparing for a drop in international smartphone shipments of 40 million to 60 million as the Trump administration’s blacklisting hammers one of the Chinese tech giant’s most important businesses. China’s largest technology company is crunching internal estimates and exploring options including pulling the latest model of its marquee overseas label, the Honor 20, people familiar with the matter say. The device begins selling in parts of Europe June 21 including France and the U.K., but executives are monitoring the launch and may cut off shipments if it sells poorly as expected, they said, asking not to be identified discussing internal matters.
Stanley Chen will become managing director of Greater China sales, the company said Monday, taking up a post Scott Beaumont vacated after he was appointed Google’s Asia-Pacific president in March. The incoming executive, who will be based in Shanghai, had been general manager of its Taiwan business for eight years. Google takes in about 15% of its annual revenue from the Asia Pacific even though it pulled its search engine from the world’s No. 2 economy around 2010, citing censorship.
Google has appointed Stanley Chen, who previously ran the US tech group’s Taiwan operations, to head its China business — plugging a key gap in the top layer of its Asian management. Google’s management ...
The fear in Silicon Valley is that antitrust investigations of big tech will blunt momentum of an industry that powers the U.S. economy. But history tells us another story.
Facebook, Inc. (NASDAQ:FB) started out as a simple website for Harvard students to connect with their schoolmates. It then became the coolest place for college kids to hangout. By December 2006, Facebook (NASDAQ:FB) was already open to everybody and it boasted 12 million users. Over the last decade, Facebook (NASDAQ:FB) has transitioned from being a […]
The U.S. continues to be the world's top military spender by far, at $619 billion in 2018. China is a distant second at $250 billion but it's moving fast.
As federal regulators sharpen their focus on big tech, expect to see and hear more from Rep. Ro Khanna, a Silicon Valley congressman who is shaping legislation with a Republican counterpart that is tantamount to an internet Bill of Rights.
If federal regulators are serious about prosecuting Big Tech icons for antitrust practices, they’ll probably have to redefine what constitutes a monopoly in the industry.
Investors might want to think twice before dismissing potential antitrust probes of Big Tech as a temporary concern.
With patience and skill, Blackstone Group CEO Stephen Schwarzman helped build an alternative-investment powerhouse that soon will be available to a much larger universe of investors.