The annual Fortune 500 list made headlines this month as a marker of progress in corporate diversity, since for the first time it included at least two Black women chief executives: TIAA (TRGIX) CEO Thasunda Brown Duckett and Walgreens Boots Alliance (WBA) CEO Rosalind Brewer. But headlines that trumpet the unique success of Black women executives may not deliver the message of progress they intend, says former Xerox (XRX) CEO Ursula Burns, who became the first Black woman CEO of a Fortune… Source link

In debuting Windows 11 on Thursday, Microsoft revealed not only a new operating system, but also its sharpest attack yet on the business practices of rivals Google and Apple. Why it matters: Microsoft still holds the lion’s share of the personal computer market. However, it is now trailing in the broader, three-way battle to power all the devices we use to access the internet. The big picture: Alongside a significant visual revamp, Windows 11 brings a number of business changes that take… Source link

Some sensible advice from Tim Draper, Brock Pierce, and other crypto leaders. It’s a great week for Bitcoin enthusiasts living in El Salvador. For the rest of us, the week has been “meh” at best. According to a tweet by Documenting Bitcoin, El Salvador’s President Nayib Bukele has promised to deliver $30 in Bitcoin to each registered El Salvador citizen, adding “The wallet app will work anywhere with a cell connection, and you won’t have to have a cell plan to use the app.”

Google will delay by nearly two years the phase out of Chrome web browser technology that tracks users for ad purposes, saying that it needs more time to develop a replacement system. The tech giant on Thursday moved its deadline to remove so-called third-party cookies to late 2023 rather than January 2022 as was initially planned. “We need to move at a responsible pace, allowing sufficient time for public discussion on the right solutions and for publishers and the advertising industry to… Source link

Stock futures rose Friday morning to add to gains from a record-setting session, with traders hoping that a bipartisan infrastructure deal would help further stoke economic activity. Contracts on the S&P 500 and Nasdaq gained after both indexes set record intraday and closing highs during the regular trading day on Thursday. Dow component Nike (NKE) jumped 12.5% in early trading after posting quarterly sales growth that rebounding across all major regions. Meanwhile, FedEx (FDX) shares sank… Source link

Nike’s stock is shaping up to be a slam dunk in investors’ portfolios for the foreseeable future after a blowout earnings report Thursday evening sent shares soaring, most analysts contend.  “[Nike] shares should rise another 50% from here,” said Jefferies analyst Randal Konik in a research note to clients. Konik rates Nike as his top pick with a $200 price target.  Added Konik, “Nike is one of the best brands on the planet, the global consumer is very strong, the company is furthering its… Source link

Enlarge / Google: “Just look at all these form factors!” There are 3 billion active Android devices in circulation now, and that means developers are eager to support Android. The vast majority of those devices are phones, so for app developers not particularly interested in the wider Android ecosystem, that means pump out a phone app and you’re done. A vibrant ecosystem of non-phone Android hardware is also out there, though—Wear OS,… Source link

If anyone can say they know the ins and outs of crypto, it’s the 29-year-old billionaire founder of crypto exchange FTX, Sam Bankman-Fried. Not only has he built up an impressive personal net worth by being ahead of the curve in crypto trends, he’s also built FTX into one of the fastest growing crypto platforms through first-of-their-kind partnerships.  First, there was the first-ever crypto deal with a major U.S. sports team by locking up the naming rights to the Miami Heat’s arena. Then,… Source link

MOUNTAIN VIEW, UNITED STATES: The logo of internet search engine company Google at the headquarters … [+] in Mountain View in Silicon Valley, south of San Francisco, 05 June 2005. AFP PHOTO/Nicholas KAMM (Photo credit should read NICHOLAS KAMM/AFP via Getty Images) AFP via Getty Images [Updated 06/25/2021] Google Update Alphabet’s stock (NASDAQ: GOOGL) has seen a rise of 45% since the end of 2020 but is now close to its near term potential. In comparison the S&P 500 rose by 13%… Source link

The UK Competition and Markets Authority (CMA) said Friday that its formal inquiry, which builds on a preliminary probe launched last May, could force Amazon (AMZN) and Google (GOOGL) to change the way they deal with fake reviews or result in court action. “Our worry is that millions of online shoppers could be misled by reading fake reviews and then spending their money based on those recommendations,” CMA chief executive Andrea Coscelli said in a statement. “Equally, it’s simply not fair if… Source link