Alibaba Group signage is seen during the company’s 11.11 Singles’ Day global shopping festival at their headquarters in Hangzhou, Zhejiang province, China, November 11, 2020. Aly Song | Reuters BEIJING — Shares of Alibaba fell in both Hong Kong and extended-hours U.S. trading as reports surfaced that the Chinese government is conducting an anti-monopoly probe
Technology
The TransAmercia building at the end of an empty Columbus Street in San Francisco, California, U.S., on Monday, Dec. 7, 2020. David Paul Morris | Bloomberg | Getty Images If you believe what you read, San Francisco is dying. Over the last few months, there has been a steady stream of investors, executives and companies
Apple CEO Tim Cook (l) and Mark Zuckerberg, CEO and founder of Facebook. Getty Images (L) | Reuters (R) In October 2018, Apple CEO Tim Cook criticized the business practices of Big Tech rivals in an impassioned speech at a privacy conference in Brussels. “Every day, billions of dollars change hands, and countless decisions are
The Kingdom Tower, operated by Kingdom Holding, left, stands alongside the King Fahd highway, illuminated by the light trails of passing traffic, in Riyadh, Saudi Arabia, on Saturday, Jan. 9, 2016. Waseem Obaidi | Bloomberg | Getty Images Google will open a “cloud region” where it can provide its cloud services in Saudi Arabia via a
The shift to remote learning sparked a surge in business for Chegg in 2020, and CEO Dan Rosensweig doesn’t see that exponential growth easing up much in the new year. “When the pandemic is over, we don’t expect growth to significantly slow because this is not just the trend, this is what it’s going to
WILMINGTON, DELAWARE – DECEMBER 11: U.S. President-elect Joe Biden speaks during an event to announce new cabinet nominations at the Queen Theatre on December 11, 2020 in Wilmington, Delaware. President-elect Joe Biden is continuing to round out his domestic team with the announcement of his choices for cabinet secretaries of Veterans Affairs and Agriculture, and
In this photo illustration, a visual representation of the digital Cryptocurrency Ripple is displayed on January 30, 2018 in Paris, France. Chesnot | Getty Images The price of XRP plunged again Wednesday after the U.S. Securities and Exchange Commission filed a lawsuit alleging that Ripple, a blockchain company with ties to the cryptocurrency, conducted a
SpaceX owner and Tesla CEO Elon Musk (R) gestures as he arrives on the red carpet for the Axel Springer Awards ceremony, in Berlin, on December 1, 2020. Britta Pedersen | AFP | Getty Images On Tuesday, Tesla CEO Elon Musk tweeted that he considered selling his electric car company to Apple in recent years,
Facebook Chief Operating Officer Sheryl Sandberg speaks on stage during Facebook session at the Cannes Lions 2019 : Day Three on June 19, 2019 in Cannes, France. Richard Bord | Getty Images Google and Facebook pledged to help one another if they ever faced an investigation into their pact to work together in online advertising,
The Apple iPhone 12 Pro Max LiDAR camera is unveiled. Daniel Acker | Bloomberg | Getty Images Two companies that make lidar sensors saw their stocks soar on Monday after Reuters reported on hat Apple is aiming to start production of an Apple-branded car for consumers as soon as 2024. Velodyne stock rose nearly 23%
LONDON – Zoom is gearing up for what could end up being its busiest day ever: Christmas Day. Around the world, there are lockdowns in place that will make travelling to see friends and family on Christmas Day complicated, and for millions, illegal. Over 18 million people in the U.K. found out on Saturday that
Peter Endig | AFP | Getty Images Amazon has closed a warehouse in northern New Jersey until Dec. 26 after it saw an uptick in asymptomatic coronavirus cases. Employees at the Robbinsville Township, New Jersey, facility, known as PNE5, were informed Saturday that the site would temporarily close, according to a notice obtained by CNBC.
NEW YORK, NEW YORK – SEPTEMBER 20: Apple CEO Tim Cook greets customers at the grand reopening of Apple’s flagship Apple Fifth Avenue retail store on September 20, 2019 in New York City. Taylor Hill | WireImage | Getty Images Apple has temporarily closed all 53 of its retail stores in California after the number
U.S. President Donald Trump speaks to the press in the James Brady Press Briefing Room at the White House on November 20, 2020 in Washington, DC. Tasos Katopodis | Getty Images President Donald Trump suggested Saturday that China might have been behind a cyberattack affecting multiple U.S. government agencies and companies, despite Secretary of State
eclipse_images LONDON — The scale of a sophisticated cyberattack on the U.S. government that was unearthed this week is much bigger than many first anticipated. The Cybersecurity and Infrastructure Security Agency (CISA) said in a summary on Thursday that the threat “poses a grave risk to the federal government.” It added that “state, local, tribal,
Satya Nadella, chief executive officer of Microsoft Corp., speaks during the company’s annual shareholders meeting in Bellevue, Washington, on Nov. 29, 2017. David Ryder | Bloomberg | Getty Images Intel dropped as much as 6% on Friday afternoon following a Bloomberg report that Microsoft plans to design its own chips for its Surface PCs as