A panel of U.S. Senators questioned officials from Apple Inc (AAPL.O) and Alphabet Inc’s (GOOGL.O) Google on Wednesday about the dominance of their mobile app stores and whether the companies abuse their power at the expense of smaller competitors. Amy Klobuchar, the top Senate Democrat on antitrust issues, said Apple and Google can use their power to “exclude or suppress apps that compete with their own products” and “charge excessive fees that affect competition.” App makers like music… Source link

Handlebars tight in snaking rows of colour, thousands of abandoned bicycles line an open field outside the city of Shenyang, relics of a shared bike mania that has overwhelmed China’s cities. The turquoise, blue and yellow bicycles, arranged in long lines, some piled on top of each other, bear the logos of the companies that dominate China’s bike-sharing sector — Hellobike, Didi and Meituan. Low cost-shared bikes, which users can unlock using apps and park virtually anywhere, burst onto… Source link

Google’s AI leadership came under fire in December when star ethics researcher Timnit Gebru was abruptly fired while working on a paper about the dangers of large language models. Now, new reporting from Bloomberg suggests the turmoil began long before her termination — and includes allegations of bias and sexual harassment. Shortly after Gebru arrived at Google in 2018, she informed her boss that a colleague had been accused of sexual harassment at another organization. Katherine… Source link

undefined U.S. regulators are doing American investors a disservice by not authorizing cryptocurrency ETFs. There are over one dozen ETFs currently on hold in the review stage at the U.S. Securities and Exchange Commission. Meanwhile, Canadian regulators began allowing investors to buy crypto ETFs in February. “The Canadian regulators are one step ahead — there’s no doubt about it. It’s surprising to me that the SEC has also been so slow. I assume with [SEC chief Gary] Gensler now taking the… Source link

Who has student loan debt for Biden to cancel? Surprisingly, millions of boomers It’s not just Americans in their 20s, 30s and 40s who are looking for relief from student loan debt. An estimated 8.4 million people in their pre-retirement years are burdened with school debt, too — from their own time in college decades earlier or from loans taken out for children or grandchildren. Student loan debt held by borrowers in their 50s and 60s is growing rapidly and threatening retirement security,… Source link

Wednesday, April 21, 2021 This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Apple’s iPad Pros are every bit as powerful as the MacBook Air. That could be a problem. Apple (AAPL) has positioned the iPad Pro as a computer replacement since its 2015 launch when CEO Tim Cook said the iPads would make notebooks or desktops unnecessary for “many,… Source link

The publisher of one of the world’s most popular news sites is suing Google and its parent company, Alphabet, alleging that the internet giant manipulates search results as punishment and abuses its dominance over the online advertising market. The lawsuit filed against Google and Alphabet GOOGL GOOG in New York by Associated Newspapers and Mail Media on Tuesday marks the start of a high-profile digital media… Source link

Yahoo Answers had a good 16-year run. The Internet is a wonderful tool, isn’t it? Back in the day, you couldn’t just search something on the world wide web. Instead, you had to do all of your research at the actual library referencing actual books and actual encyclopedias. Gosh, I remember some of my assignments coming with a “three-book reference minimum.” We had to cite our sources using the title, author, publish date, etc. In other words, you couldn’t fake doing the research. In many ways,… Source link

The New York Times An Early Promise Broken: Inside Biden’s Reversal on Refugees WASHINGTON — Secretary of State Antony Blinken was in the Oval Office, pleading with President Joe Biden. In the meeting, on March 3, Blinken implored the president to end Trump-era restrictions on immigration and to allow tens of thousands of desperate refugees fleeing war, poverty and natural disasters into the United States, according to several people familiar with the exchange. But Biden, already under… Source link

TipRanks Goldman Sachs: These 2 Stocks Are Poised to Double (or More) The new week kicked off on a negative note, as all 3 major indexes pulled back from record highs. After applauding recent strong economic data, the worsening global coronavirus situation appeared to have soured investor sentiment. But according to Goldman Sachs chief US equity strategist David Kostin, investors shouldn’t get too worked up. The overall trend remains upward, and Kostin points out that volatility – the… Source link