Stocks Slump on Economy Before Big Tech Earnings: Markets Wrap
(Bloomberg) — U.S. stocks slumped and Treasuries climbed after economic data added to concern over a slow and uneven recovery amid a resurgence of coronavirus cases around the globe. A third day of falling bond yields sent financial shares to their…
Mark Zuckerberg kicked off his testimony during the big tech antitrust hearing by suggesting Apple, Amazon, Google, and TikTok may be bigger threats than Facebook
Facebook CEO Mark Zuckerberg tech antitrust hearing YouTube/House Judiciary Facebook CEO Mark Zuckerberg pointed to the success of rivals like Apple, Google, and TikTok as evidence that there’s plenty of competition in the tech industry. Zuckerberg…
Congress grills top tech CEOs in combative antitrust hearing
The US’s top tech bosses were told they have “too much power”, are censoring political speech, spreading fake news and “killing” the engines of the American economy, at a combative congressional hearing on Wednesday. The historic hearing in Washington…
Bitcoin Scaling Tech Could Have Saved Companies and Users $500M in Fees: Report
A new study from Bitcoin startup Veriphi finds companies and users sending bitcoin transactions could have saved more than half a billion dollars in fees if all companies, including wallets and exchanges, had used the most up-to-date technology. Each…
Lawmakers erupt after Jim Jordan throws a temper tantrum during the big tech hearing
jim jordan antitrust hearing Rep. Jim Jordan at Wednesday’s hearing of the House Judiciary Subcommittee on Antitrust, Commercial, and Administrative Law. Graeme Jennings-Pool/Getty Images On Wednesday, the CEOs of some of the biggest US tech…
Tech leads stocks higher as CEOs testify and Fed keeps rates near zero
U.S. equity markets rallied after the Federal Reserve confirmed it will continue to support the U.S. economy in its recovery from the coronavirus. The Dow Jones Industrial Average gained over 162 points, or 0.62 percent, while the S&P 500 and the…
Virginia Tech CB Caleb Farley becomes first player to opt out of 2020 college football season
When Virginia Tech takes the field this fall (should the college football season still happen), the Hokies will be without one of their best players. Cornerback Caleb Farley, a projected first-round pick in the 2021 NFL Draft, has decided to opt out of…
Congress grills tech CEOs in wide-ranging hearing on monopoly, political bias, China and more
The chiefs of four of the biggest tech companies in the world — Amazon, Apple, Facebook and Google — faced lawmakers Wednesday for a hearing on digital competition that could have cataclysmic impact on an industry largely unhindered by…
Big Tech House Hearing Reveals Mark Zuckerberg Emails About Facebook’s Instagram Acquisition
Facebook’s $1 billion deal to buy Instagram in April 2012 became a focal point of the House Antitrust Subcommittee’s wide-ranging antitrust hearing Wednesday with four major tech company CEOs. The committee disclosed emails from Mark Zuckerberg revealing…
NY Rep. Jerry Nadler Blasts Facebook, Google For Stealing News & Destroying Journalism Jobs At Antitrust Hearing
Disappearing journalism jobs were among the many ills laid at the feet of top tech execs Wednesday as House Judiciary Committee Chairman Jerry Nadler (D-NY) at an antitrust hearing lamented the decline of local news and recalled a massive mess up by…