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Lobbyists for Facebook and Google threw their weight against new U.S. legislation that seeks to aid struggling news publishers by allowing them to negotiate collectively against the tech companies over revenue sharing and other deals. U.S. lawmakers introduced the plan in Congress on Wednesday to address a perceived power imbalance between news outlets and the tech giants. Critics accuse the companies of using content to drive traffic and ad revenue to their platforms without fairly… Source link

Joe Biden didn’t campaign for president as a tax-cutter, but his first big legislative package is turning into a bigger tax cut than the landmark tax bill President Trump signed with great fanfare at the end of 2017. The $1.9 trillion American Rescue Plan includes at least four provisions that will lower Americans’ 2021 tax bills by an average of $3,360, according to the Tax Policy Center. The 2017 Trump tax cuts only cut the average household’s tax bill by $1,600 per year. There’s… Source link

Apple has just made a striking new privacy move ahead of the launch of iOS 14.5. Apple has just hit out at data-collecting rivals such as Google and Facebook with the launch of a … [+] new database of privacy labels on its website. SOPA Images/LightRocket via Getty Images Apple has just hit out at data-collecting rivals such as Google and Facebook with the launch of a new database of privacy labels on its website. Apple released privacy labels for its… Source link

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Natasha and Danny and Alex and Grace were all here to chat through the week’s biggest tech happenings. Like every week, we had to leave a lot of great stuff on the cutting-room floor. But, we did get to touch on a bunch of news that we feel really matters. Also we do wind up talking about a few Extra Crunch pieces, which is where our deeper… Source link

Costco (COST) may be about to put the burden on its members to pay for higher worker wages. The warehouse retailer could be “poised” to lift its membership fees within the next 18-months, Wells Fargo analysts said in a research note this week. Wells Fargo views any hike as an earnings catalyst, and lifted its rating on Costco shares to Overweight from Equal-weight ahead of that happening. “In addition to some sustainability of the COVID benefit, Costco is rapidly approaching its next… Source link

Bloomberg Bitcoin Hoard Fuels One of World’s Biggest Crypto Fortunes (Bloomberg) — It’s the latest corporate strategy for companies from Tesla Inc. to Square Inc.: shift a portion of cash reserves into cryptocurrencies as digital assets become more mainstream.Still, few have gone as far as MicroStrategy Inc. Eight months after its first investment, the software firm has a Bitcoin holding worth more than $5 billion.Shares of MicroStrategy have rocketed almost 600% since mid-July, boosting… Source link

(Bloomberg) — Pony Ma’s Tencent Holdings Ltd. has been put on notice. Asia’s largest conglomerate was censured by China’s antitrust watchdog on Friday as Beijing expands a crackdown that began with Jack Ma’s online empire. The token fine is just the beginning. China’s top financial regulators see Tencent as the next target for increased supervision after the clamp down on Jack Ma’s Ant Group Co., according to people with knowledge of their thinking. Like Ant, Tencent will probably… Source link

The Google Home can play audiobooks, which are perfect for listening to while you do chores. Chris Monroe/CNET … Source link

TipRanks 3 Monster Growth Stocks That Could Reach New Highs Every investor knows that you can’t look to a stock’s past performance as predictor of future gains. It’s become axiom, even, one of the stock phrases that we all learn about in Econ 101: ‘Past performance does not guarantee future returns’ is common formulation. But that simple phrase, while true, raises a tough question: How should an investor judge a stock? The truth is, past is prologue, not prophet, and investors can… Source link

Google will soon allow users to make changes to its Maps. The search giant has introduced a new road editing tool. With this new feature, Google Maps users will be able to report any wrong information or even add to the existing amount of data for the help other users. Maps users will be able to add missing roads and realign, rename or delete incorrect ones. According to an official blog from the company, this feature is rolling out over the coming months in… Source link