US President Joe Biden speaks about the situation in Afghanistan from the East Room of the White House in Washington, DC, July 8, 2021. Saul Loeb | AFP | Getty Images The White House on Friday will announce a new executive order aimed at cracking down on competitive practices in Big Tech, CNBC’s Ylan Mui
Technology
In this article MSFT Satya Nadella, chief executive officer of Microsoft Corp. Grant Hindsley | Bloomberg | Getty Images Microsoft will give out $1,500 bonuses to many of its employees after more than a year of impact from the coronavirus. The gesture is part of an effort at technology companies to keep employees happy during
Brex co-founders Pedro Franceschi and Henrique Dubugras. Brex If it seems as if you’ve seen Tiger Global’s name on a venture deal every day of late, there’s a reason for it — the firm averaged 1.3 deals a day in the second quarter. According to a new report from research firm CB Insights, Tiger increased
In this article AAPL Google announced last week 60% of its workforce will work around three days a week in the office, 20% in new office locations, and 20% from home. David Paul Morris | Bloomberg | Bloomberg | Getty Images State attorneys general are again going after Google with an antitrust lawsuit against, this
In this article DIDI GUANGZHOU, China — Didi’s main app has been removed from Tencent’s WeChat messaging service and Ant Group’s Alipay, in another blow to the Chinese ride-hailing company. WeChat, which boasts over 1 billion users, and Alipay, which has over 900 million, are so-called super-apps. That means users can open and use other
Aerial view of The Pentagon in Langley, Virginia. Getty Images The Department of Defense announced Tuesday it’s calling off the $10 billion cloud contract that was the subject of a legal battle involving Amazon and Microsoft. The JEDI, or Joint Enterprise Defense Infrastructure, deal has become one of the most tangled contracts for the Department
Shares in ride-hailing giant Didi Chuxing crashed as much as 25% in pre-market trading on Tuesday, less than a week after the Chinese app listed on the New York Stock Exchange. The company’s share price fell to $12.06 at 4:46 a.m. Tuesday in pre-market trading, down from $15.53 at the last market close. The fall
Amazon.com founder and CEO Jeff Bezos. Getty Images Ann Hiatt remembers Jeff Bezos didn’t like to sit down for long. As the Amazon CEO’s executive assistant from 2002 to 2005, Hiatt was charged with keeping track of Bezos’ whereabouts. At that time, the fast-growing internet retailer had moved into an Art Deco-style building that was
In this article DSY-ZA Still from Disney’s latest Pixar film “Luca.” Disney While most Americans are breathing a sigh of relief as they return to normal activities outside the home in the wake of the Covid-19 pandemic, the streaming video industry may not be quite as excited for a return to reality. Comcast‘s NBCUniversal, ViacomCBS,
In this article UBER LYFT A ride share driver picks up passengers at O’Hare Airport on April 10, 2019 in Chicago, Illinois. Scott Olson / Getty Images After a dramatic decline in traveling this past year, people are moving again. Yet, despite offering cash incentives, rideshare giants Uber and Lyft are still struggling to bring drivers
In this article AVGO A sign is posted in front of a Broadcom office on June 03, 2021 in San Jose, California. Justin Sullivan | Getty Images The Federal Trade Commission accused computer chip supplier Broadcom of illegally monopolizing the market for semiconductor components, the agency announced Friday. Broadcom shares were down about 2% on
Bitcoin mine on the edge of the Tibetan Plateau near Sichuan, China. The mine is strategically placed next to a hydraulic power generator. Getty Images It just became a whole lot easier and much more profitable to mine for bitcoin. The world has known for months that more than half the world’s bitcoin miners would
In this article PCG California’s largest utility company, Pacific Gas & Electric, has a massive wildfire problem. Five of the ten most destructive fires in California since 2015 have been linked to PG&E equipment, including the 2018 Camp Fire that took out the town of Paradise and killed 85 people. Since then, PG&E has been
In this article AMZN Andy Jassy, CEO of Amazon Web Services. Patrick T. Fallon | Bloomberg | Getty Images Amazon said in a filing on Friday that it will grant Andy Jassy 61,000 shares of stock on Monday, when he replaces Jeff Bezos as the online retailer’s second CEO. The shares will vest over a
Visitors looking at a China-made Tesla Model Y electric vehicle at the Auto Shanghai 2021 show in Shanghai, China, on April 27, 2021. Qilai Shen | Bloomberg | Getty Images Tesla delivered 201,250 vehicles in the second quarter of 2021, the company reported. The quarter’s deliveries fell short of expectations. Analysts were expecting Tesla to
In this article TSLA A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York. Lucas Jackson | Reuters A 2021 Tesla Model S Plaid caught fire on Tuesday night in Haverford, Pennsylvania, while the owner was at the wheel, according to Charles McGarvey, Chief Fire Officer for the