A logo of Ant Group is seen at the company’s headquarters on October 9, 2020 in Hangzhou, Zhejiang Province of China. Ding Junhao | Visual China Group | Getty Images SHANGHAI, China — Ant Group’s world record-setting initial public offering (IPO) in Shanghai and Hong Kong has been suspended. The Shanghai and Hong Kong stock
Technology
Co-founder and CEO of Netflix Reed Hastings attends a red carpet for the Netflix launch at Palazzo Del Ghiaccio on October 22, 2015 in Milan, Italy. Jacopo Raule | Getty Images Tech executives, rich from an 11-year bull market that’s disproportionately benefited their industry, were among the top political donors in the 2020 cycle. The
SINGAPORE — For Hong Kong’s financial technology ecosystem to grow further, the city needs more measures in the areas of funding, talent and regulation, according to a top official from the Chinese city. Compared to other technologies, fintech is the equivalent of a new industrial revolution and it can be potentially used as a lever
The logos of Amazon, Apple, Facebook and Google in a combination photo. Reuters Tech companies had more to report Thursday night than the billions in profits they generated last quarter. They also painted a dire picture of the world as we head into the winter months with Covid-19 cases spiking across the U.S. and Europe,
Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, October 23, 2019. Erin Scott | Reuters Four years ago, Facebook CEO Mark Zuckerberg called it “a pretty crazy idea” that fake news on Facebook could have influenced the election that handed Donald Trump the presidency. Today, the idea
CEO Of Netflix, Reed Hastings, attends the red carpet during the Netflix presentation party at the Invernadero del Palacio de Cristal de la Arganzuela on April 4, 2019 in Madrid, Spain. Juan Naharro Gimenez | Getty Images Netflix announced Thursday it will raise prices for U.S. customers. Don’t be surprised if you’re reading the same
A man shows AirPods Pro at an Apple store on East Nanjing Road on October 30, 2019 in Shanghai, China. Apple’s new AirPods Pro with active noise cancellation are on sale on October 30 in China. Wang Gang | VCG | Getty Images Apple said on Friday that it’s replacing AirPods Pro headphones that have
Thomas Kurian, CEO of Alphabet’s Google Cloud, speaks at the Google Cloud Next conference in San Francisco on April 9, 2019. Michael Short | Bloomberg | Getty Images Google Cloud CEO Thomas Kurian told employees Friday that it received confirmation from the U.S. Customs and Border Patrol that its technology won’t be used for immigration
Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018. Anushree Fadnavis | Reuters Shares of Twitter, Facebook, Apple and Amazon remained down in premarket trading Friday after the companies released quarterly reports that failed to wow Wall Street. Here’s what’s
Apple CEO Tim Cook reveals the new iPhone 12. Source Apple reported earnings on Thursday and investors did not like the results. Apple stock dropped as much 5% in extended trading even though the company beat Wall Street expectations for both profit and revenue. The drop was likely because iPhone revenue came in at $26.4
Pinterest led by Chairman, Co-Founder, President and CEO Ben Silbermann and Co-Founder, Chief Design and Creative Officer, Evan Sharp ring the opening bell celebrating the IPO of Pinterest at the New York Stock Exchange in New York, April 18, 2019. Brendan McDermid | Reuters Shares of Pinterest surged more than 31% in premarket trading Thursday,
A South Korean flag, left, and Samsung Electronics flag fly outside the company’s headquarters in Seoul, South Korea, on July 5, 2019. Jean Chung | Bloomberg | Getty Images SINGAPORE — Samsung Electronics on Thursday said it expects a decline in profit in the three months that will end on Dec. 31 due to weak
Apple’s launch promotional material of the New iPhone12 Pro seen displayed on a mobile phone screen with an Apple logo in the background. Pavlo Gonchar | LightRocket | Getty Images LONDON — Apple has quietly increased its efforts to develop its own search technology for iPhones, according to a report by The Financial Times (FT),
President Donald Trump holds a campaign rally at HoverTech International in Allentown, Pennsylvania, October 26, 2020. Saul Loeb | AFP | Getty Images Though Election Day is a week away, President Donald Trump’s campaign appears to have a victory ad ready to go on Facebook. A video in the ad shows the president’s face superimposed
Getty Images Amazon said Tuesday it’s hiring 100,000 seasonal employees to assist with increased demand over the holiday season. The employees will help pick, pack and ship customer orders across Amazon’s network of warehouses in the U.S. and Canada. Amazon will hire the most workers in California, Texas, Maryland, Georgia and New Jersey. Amazon hired
Tesla CEO Elon Musk gestures as he arrives to visit the construction site of the future US electric car giant Tesla, on September 03, 2020 in Gruenheide near Berlin. Odd Andersen | AFP | Getty Images Tesla paid CEO Elon Musk $3 million personally for 90 days worth of an important type of business insurance