Tag Archives: tech

Google antitrust case is opening salvo in war with Big Tech

After months of political grandstanding in Washington, the opening shot has finally been fired in the battle to restrain Big Tech. In a complaint against Google last week, backed by the Republican attorneys-general of 11 U.S. states, the Justice Department ended years of inaction on the part of antitrust authorities. The complaint received resounding support from the company’s opponents. It has landed at a time when there is rare bipartisan political support for action. And it reflects a… Source link

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Multi Billion Dollar Merger between Russian Tech Firm Yandex and Challenger Bank Tinkoff has been Scrapped

The recently proposed merger between Yandex, a major Russia-based tech firm, and banking challenger Tinkoff will not be finalized because the bank’s founder Oleg Tinkov has walked away from the deal. Tinkoff’s management confirmed that all negotiations between the two parties have now been “terminated, effective immediately.” Yandex and Tinkoff had previously reached an agreement “in principle” which would have led to the tech giant acquiring the challenger bank in a $5.5… Source link

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Yandex vs. Sberbank: Battle of the Russian Tech and Finance Giants Begins

Yandex and Sberbank’s fight to gain control of Russia’s finance and technology industries is being billed as the corporate showdown of the decade. “Sberbank versus Yandex: The battle of the super platforms has begun,” declared Russian business daily Vedomosti last week. Novaya Gazeta went further, dubbing it a “war of the ecosystems.” The clash — which has been brewing in the background for years — took center stage last week when… Source link

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Stocks Rise Amid Rally in Big Tech, Stimulus Talks: Markets Wrap

(Bloomberg) — U.S. stocks extended their July rally amid a surge in technology shares and on news the White House and Democrats are planning to meet Saturday to discuss the next virus-relief package. Chief of Staff Mark Meadows said the administration is willing to compromise while House Speaker Nancy Pelosi noted Republicans didn’t have the votes to extend the $600 per week unemployment benefit that’s propped up incomes and spending. The Nasdaq 100 outperformed on solid earnings from… Source link

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Tech Report: Google versus Capitol Hill

Listen to the content of this post: Data breaches grow Data breaches have grown in intensity and frequency in recent months as cybercriminals take advantage of coronavirus confusion. Large-scale data breaches increased 273% in the first quarter, compared to the same time last year, according to a new study from cloud computing company Iomart. More… Source link

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Protect your devices at an affordable rate with Yahoo Plus Tech

In The Know is committed to finding you the best products at the best prices. The product written about here is offered in affiliation with In The Know’s parent company, Verizon Media. We live in a time where our electronics and tech gadgets are seamless extensions of our bodies. Regardless of age, class or location, the use of personal electronics has become a part of our daily routines. From getting the day started with a cup of coffee and a morning read on your tablet to simply turning… Source link

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The Economy Is in Record Decline, but Not for the Tech Giants

A day after lawmakers grilled the chief executives of the biggest tech companies about their size and power, Amazon, Apple, Alphabet and Facebook reported surprisingly healthy quarterly financial results, defying one of the worst economic downturns on record. Even though the companies felt some sting from the spending slowdown, they demonstrated, as critics have argued, that they are operating on a different playing field from the rest of the economy. Amazon’s sales were up 40 percent from a… Source link

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Stock futures higher as investors await GDP report, jobless claims, tech earnings

Stock futures were slightly higher Wednesday evening as market participants continued to digest the Federal Reserve’s latest monetary policy statement, which was largely viewed as dovish. Investors looked ahead to the first report on US second-quarter GDP Thursday morning, along with more data on weekly jobless claims and a slew of Big Tech earnings. Market participants are bracing for what is likely to be by far the worst quarterly GDP print on record, with second-quarter GDP expected to… Source link

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Global prospects dim for China’s tech champions as great powers clash

SHANGHAI/BEIJING (Reuters) – Huawei Technologies’ founder Ren Zhengfei’s global ambitions are marked in bricks and mortar at a new company campus in southern China, where the buildings are replicas from European cities. Zhang Yiming, founder of ByteDance, the operator of short video app TikTok, has plastered his Beijing headquarters with posters including a cover of former Google CEO Eric Schmidt’s book “How Google Works”, and has long said he will build a global firm that can compete with… Source link

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