Samsung Electronics defies pandemic with profit rise
South Korean tech giant Samsung Electronics defied the coronavirus to report higher net profits in the second quarter Thursday, with strong demand for memory chips overcoming the pandemic’s impact on smartphone sales. Long known as the…
Renault Reports Record $8 Billion Loss
(Bloomberg) — Renault SA’s alliance with Nissan Motor Co. is showing increasing strain, with the Japanese partner mostly to blame for the French carmaker’s record 7.29 billion euro ($8.58 billion) first-half loss. Nissan alone accounted for 4.8…
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…
Microsoft Powers Azure Datacenter With Hydrogen Fuel Breakthrough
Microsoft Inc. (MSFT) has announced a development in hydrogen fuel cells by using them to power its Azure datacenter for 48 consecutive hours. Shares were up 1% on July 29 at $203.72. The tech giant says that it has developed a 250-kilowatt fuel cell…
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…
Test a Tesla or Buy a Bolt With Help From Your Electric Company
(Bloomberg) — Power companies are loaning out Teslas in Washington, electrifying bus fleets in Virginia and lobbying for electric vehicle tax credits on Capitol Hill. San Diego Gas & Electric Co. even went so far as to help train salespeople on…
FirstFT: Today’s top news
The chief executives of Amazon, Facebook, Apple and Alphabet faced accusations of behaving like “cyber barons” and unfairly squashing competition in an unprecedented and at times uncomfortable grilling from US lawmakers on Wednesday. Jeff Bezos, Mark…
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…
Lakers and Bucks remain on collision course
The NBA resumes play after a four-and-a-half-month hiatus on Thursday night as 22 teams pick up their pursuit of a championship inside the bubble at Disney World in Orlando, Florida. Here’s an idea of what to expect from 2020 2.0. What I’m most looking…
Huawei Tops Samsung for First Time in Smartphones, Canalys Says
(Bloomberg) — Huawei Technologies Co. overtook Samsung Electronics Co. in global smartphone shipments in the second quarter after Chinese consumer spending bounced back from a Covid-19 trough, according to Canalys. China’s largest tech company…