The Ant Group logo and the Alibaba Group logo are displayed at the company’s headquarters in Hangzhou, China. Qilai Shen | Bloomberg | Getty Images Ant Group will raise $34.5 billion in its dual initial public offering (IPO) after setting the price for its shares on Monday, making it the biggest listing of all time.
Technology
Josephine Flood | CNBC There’s a quiet consensus emerging in the hallways and boardrooms of American media companies. They expect about 25 million U.S. households to cancel their pay-TV subscriptions over the next five years. This is on top of the 25 million homes that have already cut the cord since 2012. At least three
Grocery store workers and others stage a protest rally outside the Whole Foods Market, in the South End of Boston, to demand personal protective equipment, added benefits if needed and hazard pay, during the coronavirus pandemic on Apr. 7, 2020. Pat Greenhouse | Boston Globe | Getty Images Amazon warehouse workers have a long history
Foundem creators Shivaun and Adam Raff stand outside of the European Court of Justice for Google’s appeal hearing in its competition case in 2020. Shivaun Raff When Shivaun Raff began speaking with European regulators about her complaints of Google’s exclusionary conduct over a decade ago, she seemed to stand more or less alone. “Where is
A Tesla Model S (L) and Model X are displayed at a shopping mall in Hong Kong on March 10, 2019. Vivek Prakash | AFP | Getty Images Tesla is recalling 48,442 of its Model S and Model X electric vehicles, which were made in the U.S. and sold to customers in China, over potentially
Customers at the Apple Store in George Street look at the new iPhone 12 on sale on October 23, 2020 in Sydney, Australia. James D. Morgan | Getty Images Your new iPhone 12 doesn’t come with a wall plug in the box. Yes, that’s annoying. And yes, that means you’ll need to drop $19 on
Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., listens during a panel discussion at the Bloomberg Global Business Forum in New York, U.S., on Wednesday, Sept. 26, 2018. Mark Kauzlarich | Bloomberg | Getty Images Uber and Lyft must comply with a preliminary injunction requiring them to stop classifying drivers as independent contractors pending
Pedestrians wearing protective masks walk past a Microsoft Technology Center in New York, on Wednesday, July 22, 2020. Jeenah Moon | Bloomberg via Getty Images Lawyers who prosecuted Microsoft over alleged antitrust violations in the late 1990s saw some familiar tactics in the Justice Department’s complaint against Google filed Tuesday. But it’s far from a
GUANGZHOU, China — Ant Group has cleared the final regulatory hurdle for its massive initial public offering (IPO) with the pricing of its shares slated to be released within the next week. On Wednesday, the China Securities Regulatory Commission gave the green light for Ant Group’s dual Shanghai and Hong Kong listing to go ahead.
Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China, January 7, 2019. Aly Song | Reuters Elon Musk’s electric car and renewable energy company, Tesla, reports third-quarter results after the bell on Wednesday. Here’s what Wall Street analysts are expecting, per an average of analyst estimates compiled by Refinitiv: Earnings
Amazon on Wednesday launched one-hour grocery pick-up at all Whole Foods locations nationwide. Amazon Amazon is making it faster for Prime members to place Whole Foods orders online and pick them up at the store, in the latest sign of growing demand for curbside pickup services. Amazon is launching free, one-hour grocery pickup for Prime
Ted Sarandos attends the Ted Sarandos panel during Netflix ‘See What’s Next’ event at Villa Miani on April 18, 2018 in Rome, Italy. Ernesto S. Ruscio | Getty Images It wasn’t Netflix‘s finest quarter, but if you’re a long-term Netflix believer, you’ve got reason to smile. The streaming video giant reported 300,000 fewer global net
A man watching Netflix on an Apple iPad Pro, taken on March 6, 2020. Future Publishing | Getty Images LONDON — Netflix shares should be avoided if there’s a coronavirus vaccine or if lockdowns lift, according to media analyst Alex DeGroote, who owns DeGroote Consulting. Speaking to CNBC’s “Street Signs Europe” on Tuesday ahead of
Wired senior staff writer Cade Metz and Arvind Krishna, then senior vice president and director at IBM Research, speak onstage at the Wired Business Conference in New York on June 16, 2016. Brian Ach | Wired | Getty Images Shares of IBM fell slightly in extended trading on Monday after the company released third-quarter earnings
The Ant Group Co. logo and the Alibaba Group Holding Ltd. logo are displayed behind a reception desk at the company’s headquarters in Hangzhou, China, on Monday, Sept. 28, 2020. Qilai Shen | Bloomberg | Getty Images GUANGZHOU, China — Ant Group has won approval from the Chinese securities regulator for the Hong Kong leg
The Apple iPhone 12 Pro Max is unveiled during a virtual product launch. Daniel Acker | Bloomberg | Getty Images The price Americans will pay for an iPhone 12 depends on what cell service they plan to use it with. The three U.S. carriers are actively competing for subscribers by discounting the new iPhone, which