• Facebook sees risks to innovation, freedom of expression ahead of EU rules
    Reuters Videos

    Facebook sees risks to innovation, freedom of expression ahead of EU rules

    Facebook's Chief Executive Mark Zuckerberg says that coming regulations from European Union - designed to rein in American and Chinese tech giants - are going to stifle innovation and freedom of expression. Zuckerberg made the comments before a meeting with the EU's antitrust and industry chiefs in Brussels on Monday (February 17). The regulators are set to announce proposals on Wednesday (February 19) aimed at exploiting the bloc's trove of industrial data--challenging the dominance of Facebook, Google and Amazon. They will also propose rules to govern the use of artificial intelligence. Facebook says the EU's possible plans to hold internet companies responsible for hate speech and other illegal speech published on their platforms ignores the free nature of the internet. Zuckerberg's Brussels visit follows the heads of Microsoft and Alphabet in January.

  • Amazon CEO Jeff Bezos pledges $10 billion to fight climate change
    Yahoo Finance

    Amazon CEO Jeff Bezos pledges $10 billion to fight climate change

    Jeff Bezos, the world’s richest person, is committing $10 billion to fight climate change through the creation of the “Bezos Earth Fund.”

  • Samsung's foldable Galaxy Z Flip feels like the start of a revolution
    Yahoo Finance

    Samsung's foldable Galaxy Z Flip feels like the start of a revolution

    Samsung's Galaxy Z Flip is the first foldable phone that gets the design right.

  • Financial Times

    Apple’s coronavirus sales warning hits Asia stocks

    Apple’s sales warning rippled across Asian markets from Japan to South Korea in the latest sign of the mounting corporate and financial cost of the coronavirus outbreak. Tokyo’s Topix index dropped 1.2 per cent on Tuesday, on track for seventh straight decline, while Seoul’s Kospi index shed 1.4 per cent. In Hong Kong, the Hang Seng index was down 1.3 per cent. Futures trading pointed to more modest declines for Europe and Wall Street. Investors shifted into US sovereign debt, considered a shelter during economic uncertainty, sending the 10-year Treasury yield down 3.1 basis points to 1.55 per cent. The 30-year yield fell more than 4 bps to 1.997 per cent, slipping below 2 per cent for the first time in two weeks.

  • Financial Times

    Remote working is on trial in both China and Silicon Valley

    In China, coronavirus is forcing office workers to stay at home and adopt a range of online remote-working tools for the first time. The two trends — separate, yet simultaneous — are creating a boom for providers of technology that facilitate office-free collaboration, from messaging app Slack and videoconferencing provider Zoom in the US, to their newly bolstered rivals in China, including Alibaba’s Dingtalk and Bytedance’s Lark. “Remote working is getting towards a tipping point,” said Patrick McKenzie, a software engineer and marketer who has been a remote worker in Japan for 10 years, including the past three at San Francisco-based Stripe.

  • Amazon's Bezos pledges $10 billion to climate change fight
    Reuters

    Amazon's Bezos pledges $10 billion to climate change fight

    Amazon Chief Executive Officer Jeff Bezos will commit $10 billion to fund scientists, activists, nonprofits and other groups fighting to protect the environment and counter the effects of climate change, he said on Monday. Cutting emissions will be challenging for Amazon. Bezos, the world's richest man, is among a growing list of billionaires to dedicate substantial funds to battling the impact of global warming.

  • Reuters

    Samsung offers phone delivery service for test use to ride out coronavirus impact

    Samsung Electronics has launched smartphone delivery services for customers to test its new products, as the spread of the coronavirus has prompted the tech giant to cancel promotional events and brace for weak store sales. Apple Inc warned on Monday it was unlikely to meet a sales target set just three weeks ago, while Xiaomi Corp had to livestream its smartphone launch event last week because of nationwide restrictions on travel and large gatherings. Samsung, which unveiled a new foldable smartphone and a trio of its flagship Galaxy S20 models last week, is also curtailing brick-and-mortar marketing.

  • Global Markets: Stocks fall after Apple warns on coronavirus impact
    Reuters

    Global Markets: Stocks fall after Apple warns on coronavirus impact

    Asian shares fell and Wall Street retreated from record highs on Tuesday after Apple Inc said it will not meet its revenue guidance for the March quarter as the coronavirus outbreak slowed production and weakened demand in China. The warning from the most valuable company in the United States sobered investor optimism that economic stimulus by Beijing and other countries would protect the global economy from the effects of the epidemic. Shanghai shares dipped 0.2%, having gained in nine of the past 10 sessions largely on hopes for policy support by Beijing.

  • Apple warns sales to fall short of target due to coronavirus impact
    Reuters

    Apple warns sales to fall short of target due to coronavirus impact

    The rapidly spreading virus has killed nearly 1,900 in China and stricken some 72,000 people, confining millions to their homes, disrupting supply chains and delaying reopening of factories after the extended Lunar New Year holiday break. Manufacturing facilities in China that produce Apple's iPhone and other electronics have begun to reopen, but they are ramping up more slowly than expected, Apple said. China accounted for 15% of Apple's revenue, or $13.6 billion, last quarter, and supplied 18% of revenue in the year-ago quarter.

  • Stocks fall after Apple warns on coronavirus impact
    Reuters

    Stocks fall after Apple warns on coronavirus impact

    Asian shares fell and Wall Street retreated from record highs on Tuesday after Apple Inc said it will not meet its revenue guidance for the March quarter as the coronavirus outbreak slowed production and weakened demand in China. The warning from the most valuable company in the United States sobered investor optimism that economic stimulus by Beijing and other countries would protect the global economy from the effects of the epidemic. Shanghai shares dipped 0.2%, having gained in nine of the past 10 sessions largely on hopes for policy support by Beijing.

  • Tech Daily: Zuckerberg in Europe, EU Industrial Data, YouTube Dumps App Store, More
    Zacks

    Tech Daily: Zuckerberg in Europe, EU Industrial Data, YouTube Dumps App Store, More

    Top stories covered here include Zuckerberg in Europe, EU stand on industrial data, Google talks with publishers and YouTube dumping the App Store.

  • Is IBM (IBM) Stock Undervalued Right Now?
    Zacks

    Is IBM (IBM) Stock Undervalued Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Why Rockwell Automation (ROK) is a Top Dividend Stock for Your Portfolio
    Zacks

    Why Rockwell Automation (ROK) is a Top Dividend Stock for Your Portfolio

    Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Rockwell Automation (ROK) have what it takes? Let's find out.

  • Sony Breaks PS5 Pricing Tradition for Xbox Series X Launch
    Zacks

    Sony Breaks PS5 Pricing Tradition for Xbox Series X Launch

    The impending launch of Xbox Series X by arch rival Microsoft forces Sony Corporation (SNE) to adopt a waiting game in its price-setting decision to avert being too overpriced.

  • EU industry chief tells Facebook to adapt to EU, not other way round
    Reuters

    EU industry chief tells Facebook to adapt to EU, not other way round

    EU industry commissioner Thierry Breton said on Monday it was for Facebook to adapt to Europe's standards, not the other way round, as he criticised the U.S. social media giant's proposed internet rules as insufficient. The blunt comments came after a short meeting with Facebook CEO Mark Zuckerberg and two days before Breton is due to present the first of a raft of rules to rein in U.S. tech giants and state-aided Chinese companies. "It's not for us to adapt to this company, it's for this company to adapt to us," Breton, a former CEO at French telecoms provider Orange and French technology company Atos, told reporters after the meeting.

  • Alibaba's DingTalk gets bad grades from China's stuck-at-home students
    Reuters

    Alibaba's DingTalk gets bad grades from China's stuck-at-home students

    Alibaba Group's communication app DingTalk has begged China's school students to stop venting anger on the software after they gave it poor grades when made to use it to attend online classes. Millions of Chinese are stuck at home because of the coronavirus outbreak, which has killed 1,770 so far in mainland China. Authorities shut schools until at least the end of February to try to stop the spread of the virus and many school students were hoping for an extended holiday.

  • Financial Times

    Coronavirus forces Apple to warn over iPhone sales

    Apple has warned that disruption in China from the coronavirus will cause its revenues to fall short in the current quarter, marking the second time in little over a year that weakness in China has forced the world’s most valuable technology company to issue a financial alert. The US consumer tech company said that it had assumed that work would return to normal in China after the new year holiday that ended on February 10. Instead, it said it was “experiencing a slower return to normal conditions than we had anticipated”, leading it to warn that it will not meet the revenue guidance issued at the end of last month.

  • China seeks help of national tech giants to track coronavirus with QR codes
    Reuters

    China seeks help of national tech giants to track coronavirus with QR codes

    China's government is enlisting the help of Alibaba Group Holding Ltd and Tencent Holdings Ltd to expand colour-based systems for tracking individuals affected with the coronavirus nationwide. On Wednesday, Alipay, the payment app operated by Alibaba's financial division Ant Financial, released a feature in collaboration with the government that assigns a coloured QR code representing the health of residents in Hangzhou. Users in the city fill out an online form reporting their ID number, whether they have travelled outside Hangzhou recently, and any symptoms they might have that suggest an illness, such as fever or a heavy cough.

  • Financial Times

    Bezos pledges $10bn as Amazon faces climate critics

    Amazon founder Jeff Bezos has announced a $10bn fund to help fight climate change, at a time when his company is facing intense internal and external criticism over its own environmental impact. Mr Bezos’s announcement, made via an Instagram post, follows pressure from Amazon employees for the group to take stronger action on climate change. In January, hundreds of Amazon staff signed a letter attacking the company’s progress on reducing its carbon footprint, as well as its record on working conditions.

  • Financial Times

    EU rejects Facebook’s proposals for online regulation

    of how online content should be regulated, warning that the social media company will have to assume more responsibility for illegal material on its platforms. Mark Zuckerberg toured Brussels on Monday, meeting EU officials and journalists and publishing a white paper called “Charting the Way Forward: Online Content Regulation”. The 13-page document suggested that there should be global, rather than national, policies on what is permissible and that internet companies should not face any liability for content on their platforms or free speech would be limited.

  • Financial Times

    Facebook/tax: citizen of everywhere

    Like any conscientious 16-year-old, Facebook is working hard on its high school assignments. The $610bn social network has already tackled the question: “how to stop jerks posting bad stuff without wrecking the First Amendment”. More intriguingly, Facebook is embracing proposals with big financial consequences in response to the teaser: “what tax should tech bros pay?” Cynics will wonder whether chief executive Mark Zuckerberg supports a grand plan from the OECD because he knows it will never happen.

  • Fast-food companies in China step up ‘contactless’ pickup, delivery as coronavirus rages
    Reuters

    Fast-food companies in China step up ‘contactless’ pickup, delivery as coronavirus rages

    NEW YORK/BEIJING (Reuters) - With the coronavirus outbreak in China continuing to spread, McDonald's Corp , Starbucks Corp and other fast-food companies are ramping up "contactless" pickup and delivery services to keep their workers and customers safe, the companies said. McDonald's has implemented contactless pickup and delivery of Big Macs, fries and other menu items across the China as the outbreak has unfolded.