Tech Talk on Capitol Hill
Does Big Tech stifle competition? Answering that was the main purpose of Wednesday’s Congressional hearing, which hauled in the top executives from America’s biggest technology companies. Supposedly. But when the chiefs of Alphabet, Amazon, Apple and…
Everything that happened at the Big Tech anti-trust virtual hearing
Everything that happened at the Big Tech anti-trust virtual hearing There was yelling. There was butt-kissing. There was Jeff Bezos forgetting to take himself off mute. Another congressional hearing where members of congress get to blast tech CEOs with…
What if You Can’t Resell It?
(Bloomberg Opinion) — Would you still buy an electric car if you knew you wouldn’t be able to resell it in the future? That’s the latest hurdle potential buyers are contending with, and it’s bound to become a big driver of demand. The expenses of…
Quibi Must Fight Claims It Stole ‘Turnstyle’ Technology
(Bloomberg) — Quibi, the video-streaming service started by former Walt Disney studio head and DreamWorks co-founder Jeffrey Katzenberg, must defend a lawsuit claiming it stole its signature “turnstyle” technology from an Israeli company. A federal…
Samsung Beats Earnings Estimates on Recovery of Chips, Gadget Sales
(Bloomberg) — Samsung Electronics Co. reported earnings that beat estimates and said demand for memory chips is likely to recover in the second half of the year, driven by new smartphones and gaming consoles. Net income increased to 5.5 trillion…
U.S. lawmakers accuse Big Tech of crushing rivals to boost profits
By Nandita Bose and Diane Bartz WASHINGTON (Reuters) – Google and Facebook took the sharpest jabs for alleged abuse of their market power from Democrats and Republicans on Wednesday in a much-anticipated congressional hearing that put four of…
Jeff Bezos Grilled On Alexa Favoring Amazon’s Own Products
UPDATED, 1:44 PM PT: The CEOs of Google, Facebook, Apple and Amazon are testifying on Capitol Hill on Wednesday, in an unusual hearing that reflects the extent to which lawmakers have focused their scrutiny on tech platforms. Hollywood’s lobby in D.C. is…
J.C. Penney Hurtles Toward a Sale Process
J.C. Penney says it is here to stay. Its attorney told a Texas bankruptcy court at a hearing on Wednesday that the company is working toward a going concern sale to continue operating under the J.C. Penney banner, with its intellectual property…
Why Laura Lippman refuses to participate in performative internet mourning
Lesley Unruh The following is an exclusive excerpt from My Life as a Villainess, by Laura Lippman, out August 4. A Fine Bromance 1. Leonard Cohen died the night before the 2016 U.S. presidential election, but the news was not yet public when I got up…
Fresnillo, Alexco, First Majestic and Fortuna
For Immediate Release Chicago, IL – July 29, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks…