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Notices similar to nutrition labels are coming to broadband service. Similar to how food labels describe the contents of a package, the broadband labels would disclose data allowances and broadband speeds, as well as pricing information. New notices for broadband internet services are rolling out modeled on the nutrition labels for food. "The broadband nutrition label cuts through this confusion by clearly disclosing the cost and terms of service in a simple, consumer-friendly format," Stager said. The FCC considered a requirement for the broadband labels in 2016, the final year of the Obama administration.
Persons: Joe Biden, Joshua Stager, Stager, Obama, Trump, Biden, NCTA Organizations: Federal Communications, FCC, Consumer Reports, Consumer, New America Foundation, New, Technology Institute, & Television Association, Cable, Comcast, NBC Locations: Washington
Leading gains on the benchmark S&P 500 was a 18.4% surge in hard-disk maker Seagate Technology's shares (STX.O) followed by a 13.5% jump in digital workflow company ServiceNow Inc (NOW.N). The S&P 500 hit a three-month low last week as fears over uncertainty around Fed policy tightening hit richly valued growth stocks. read moreThe S&P 500 index fell in the previous session amid volatile trading, flirting with a correction for its third straight session. Analysts expected earnings from S&P 500 companies to grow 24.4% year-over-year, according to Refinitiv, as of Wednesday. The S&P index recorded 16 new 52-week highs and three new lows, while the Nasdaq recorded 14 new highs and 84 new lows.
Persons: Brendan McDermid, William Ackman, David Bahnsen, Jerome Powell, Thomas Hayes, Bansari Mayur, Shounak Dasgupta, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Intel, Netflix, Dow, Nasdaq, Federal Reserve, Seagate, ServiceNow Inc, Netflix Inc, Microsoft, Bahnsen, Great, Capital, Dow Jones, Tesla Inc, Intel Corp, NYSE, Thomson Locations: New York City, U.S, Ukraine, Russia, New York, Bengaluru
A screen displays the Fed rate announcement as a specialist trader works at his post on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 26, 2022. read moreTech-heavy Nasdaq futures rose 0.4%. Fed Chair Jerome Powell warned inflation remains above its long-run goal and supply problems are bigger and more long-lasting than previously thought. read moreTraders priced in nearly five rate increases by December after the Fed announcement, after previously fully pricing for four. ET, Dow e-minis were up 43 points, or 0.13%, S&P 500 e-minis were up 14.25 points, or 0.33%, and Nasdaq 100 e-minis were up 62.5 points, or 0.44%.
Persons: Brendan McDermid, William Ackman, Jerome Powell, they've, Thomas Hayes, Bansari Mayur, Shounak Dasgupta Organizations: New York Stock Exchange, REUTERS, Intel, Netflix, Dow, Nasdaq, Federal Reserve, Netflix Inc, Microsoft, Fed, Great, Capital, Tesla Inc, chipmaker Intel Corp, Dow e, ServiceNow Inc, Thomson Locations: New York City, U.S, megacap, New York, Ukraine, The U.S, Europe, Moscow, Bengaluru
Tesla Is a Proven Automaker, an Unproven Tech Giant
  + stars: | 2022-01-27 | by ( Stephen Wilmot | )   time to read: 1 min
With help from China, Tesla has turned itself into an unusually profitable car maker. Whether that makes it a tech company worthy of a near-trillion-dollar valuation is less clear. As it has scaled up production in its Shanghai factory over the past two years, the electric-vehicle pioneer has accumulated enough profit to make up for all the losses in its previous history. Late Wednesday it reported a 14.7% operating margin for the fourth quarter in an industry where single-digit margins are considered normal.
Persons: Tesla Locations: China, Shanghai
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCryptos will face heavy downward pressure in the short term given upcoming regulatory rules: BC TechBC Technology Group's Dave Chapman explains the multiple factors that caused recent volatility in Bitcoin.
Persons: Dave Chapman Organizations: Tech, Technology Locations: Bitcoin
Engagement hit a record high at LinkedIn in the last quarter of 2021 amid the Great Reshuffle. LinkedIn ad revenues rose 37% on-year, contributing to a 21% jump in quarterly profits at its parent company Microsoft. LinkedIn's engagement hit a record high in the last quarter of 2021, Microsoft CEO Satya Nadella said in a conference call with analysts and investors on Tuesday. LinkedIn ad revenues rose 37% from a year ago, contributing to a 21% jump in profits at parent company Microsoft for the quarter ending December 31. Microsoft bought LinkedIn for $26.2 billion in 2016 and is the tech giant's largest acquisition to date — though its latest $70 billion deal to buy Activision Blizzard would top that.
Persons: Satya Nadella, Nadella Organizations: LinkedIn, Microsoft, Service, Tech, Activision Locations: China
A 3D printed Facebook's new rebrand logo Meta is placed on laptop keyboard in this illustration taken on November 2, 2021. The project immediately ran into fierce opposition from policymakers globally, who worried it could erode their control over the money system, enable crime, and harm users' privacy. read moreA much recent blow came when Facebook's financial technology executive David Marcus, who was overseeing its efforts to develop Diem, left the company to start working on something new. read moreMeta and Silvergate did not immediately respond to a Reuters' request for comment outside business hours. Register now for FREE unlimited access to RegisterReporting by Rachna Dhanrajani and Shivam Patel in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.
Persons: Dado Ruvic, Diem, David Marcus, Silvergate, Rachna Dhanrajani, Shivam Patel, Rashmi Organizations: REUTERS, Diem, Silvergate Capital Corp, Wall Street, Facebook Inc, Facebook, U.S, Thomson Locations: California, United States, Bengaluru
Passenger jets of Taiwan's China Airlines at Taipei Songshan Airport in Taipei, Taiwan, June 8, 2020.REUTERS/Ann WangTAIPEI, Jan 27 (Reuters) - Taiwan's China Airlines Ltd said on Thursday its board had approved the purchase of four more Boeing Co (BA.N) 777F freighters, adding to an earlier order for six of the same model as it steps up capacity to support the island's booming exports. China Airlines, Taiwan's largest carrier and the world's fifth largest air freight operator, also operates 18 747 freighters. Taiwan's exports rose 29.4% in 2021 to a record high. China Airlines also operates 10 passenger 777-300 jets in its long-haul fleet. Register now for FREE unlimited access to RegisterReporting by Ben Blanchard; Additional reporting by Jamie Freed in Sydney; Editing by Lincoln Feast.
Persons: Ann Wang TAIPEI, Ben Blanchard, Jamie Freed, Lincoln Organizations: China Airlines, Taipei Songshan, REUTERS, Taiwan's China Airlines, Boeing Co, Register Tech, Boeing, Thomson Locations: Taipei, Taipei Songshan Airport, Taiwan, Sydney
LIVE MARKETS Fed tightening cycle: bend it like the Footsie
  + stars: | 2022-01-27 | by ( )   time to read: +7 min
Summary European shares fall 0.6%, off lowsFed likely to hike rates in MarchU.S. futures in the redJan 27 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.comFED TIGHTENING CYCLE: BEND IT LIKE THE FOOTSIE (0959 GMT)Many pundits expected London's FTSE 100 to do quite well when the Fed decided to embarked in this new tightening cycle. Not only is the Footsie one of the only European benchmarks to trade in the black this morning, it's also outperforming the other blue chip benchmarks this year. The Fed's hawkish stance sent the European tech sector just a whisker from bear market territory early this morning. In Asia shares tumbled to their lowest in nearly 15 months and European equities look set to follow with futures down 1.4-2.1%.
Persons: it's, Julien Ponthus, Brent Thill, Jefferies, Danilo Masoni, Powell, William Ackman, Tesla, Rowe Price, Dr Martens, UniCredit, SEB, Polymetal, Sujata Rao, Dow Jones, Ian Williams, Jerome Powell Organizations: Fed, Nasdaq, Microsoft, TECH, Deutsche Bank, SAP, JPMorgan, U.S . Federal, Treasury, Netflix, Reuters, bps, Dow, McDonalds, Mastercard, JetBlue, Apple, Visa, IG Group, Diageo, Sabadell, Peel, Federal Reserve, U.S, Thomson Locations: U.S, Zealand, South Africa, Southwest, St, James's, STMicro, Asia
BERLIN, Jan 27 (Reuters) - German prosecutors arrested and charged a Russian citizen with spying for Russia, alleging he had passed information on aerospace technology, in particular the Ariane space launch vehicle, to Russian intelligence. The arrest casts a spotlight on Russian intelligence activity in Germany even as Berlin faces pressure from Western allies to take a more robust stance in support of Ukraine as Russian forces mass on its borders. "The agency's interests particularly targeted the various development stages of the European space launcher Ariane and the accused's research into tools," prosecutors said in a statement. Germany is a major centre for Russian intelligence operations. ($1 = 0.8929 euros)Register now for FREE unlimited access to RegisterReporting by Thomas Escritt, editing by Kirsti Knolle and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.
Persons: Jan, Thomas Escritt, Kirsti Knolle, Kim Coghill Organizations: Bavarian, Russia's Foreign Intelligence Service, SVR, Thomson Locations: Russian, Russia, Germany, Berlin, Ukraine, Chechen
Digital fitness firm Peloton is struggling to offload inventory, and its share price is tanking. Some have suggested that tech giant Apple, with its own digital fitness business, should buy it. We asked three experts what the pros and cons of buying Peloton would be for Apple. So far, the market is speculating that its top prospective suitor could be Apple, given that it has its own digital fitness initiative in Apple Fitness. Now Apple already has a brand, but is Apple Fitness the same level of brand as Peloton?
Persons: It's, treadmills, Brian Lichtor, Lichtor, Larry Perkins, Perkins, they've, Isaac Marcushamer, Marcushamer Organizations: Apple, McKinsey, Roundhill Investments, SierraConstellation Partners, DGIM, Google, Facebook
McDonald's on Thursday reported quarterly earnings and revenue that missed analysts' expectations as higher costs weighed on its profits. The company's same-store sales climbed 12.3% from a year ago and 10.8% on a two-year basis. In McDonald's home market, same-store sales rose 7.5%, topping StreetAccount estimates of 6.9%. However, China reported same-store sales declines as the country faced Covid-19 resurgences in the quarter. The company's international operated markets segment, which includes the United Kingdom, Australia and France, saw same-store sales growth of 16.8%, narrowly topping estimates of 16.5%.
Persons: McDonald's Organizations: McDonald's Corp, Refinitiv, Tech Labs, IBM, U.S . Locations: Louisville , Kentucky, U.S, Japan, Latin America, China, United Kingdom, Australia, France
SoftBank shares tumble 9% as tech stocks sell-off continues
  + stars: | 2022-01-27 | by ( Sam Shead | )   time to read: +2 min
Masayoshi Son, chairman and chief executive officer of SoftBank Group at the SoftBank World 2018 event in Tokyo, Japan. SoftBank's share price fell 9% Thursday as investors cashed out of their positions in Asian technology stocks. The collapse coincided with a disappointing day of trading for SoftBank's biggest investment, Alibaba, which saw its share price slide by more than 7% on the Hong Kong stock market. Elsewhere, Tokyo-headquartered Sony saw its share price drop as much as 8% despite having more predictable revenue and income streams than SoftBank. Many of the world's best-known tech stocks saw their market cap's sky rocket in 2021 but the trend hasn't continued into 2020, with tens of billions of dollars being knocked off some company's valuations.
Persons: Son, It's, — CNBC's Elliot Smith, Holly Ellyatt Organizations: SoftBank Group, Tokyo Stock Exchange, Hong, Nvidia, Sony, Nikkei, Hang Seng, Federal Reserve Locations: Tokyo, Japan, Hong Kong, Asia, Pacific, South Korea, U.S
If your resume is you on paper, the cover letter is your chance to make your qualifications come to life. For example, what's personable in a marketing letter might be unprofessional in a consulting letter. Insider spoke to recruiters and executives about the secrets of cover letter writing for technology, law, consulting, and marketing. Cover letters are nobody's favorite, especially if you prefer writing code, but Vick emphasized that cover letters are still expected for tech jobs across the board. Also, as more cover letters are scanned through digital resources, she urged candidates to follow up and send language from their cover letters through email or LinkedIn.
Persons: what's, Technology Thomas Vick, Robert Half, Vick, Billie Moliere, Robert Half's, Moliere, Lauren Kelly, she's, Kelly, intuitiveness, Heather Kristan, Altman Solon, Kristan Organizations: Bureau of Labor Statistics, Technology, Law, Dell, Pepsi, Deloitte
WeTransfer had planned to raise 125 million euros ($140 million) in its debut. At the upper range, WeTransfer would have scored a valuation of 716 million euros — over $800 million in dollar terms. While not the biggest tech IPO in Europe lately, WeTransfer's public offering would have been among the first major debuts in the region in 2022. It could be a sign of things to come for Europe's tech sector, which attracted a record $121 billion in venture capital funding last year, according to data from Atomico. Europe's tech sector sank about 1.6% in Thursday's trading session as investors reacted to the news.
Persons: Gordon Willoughby, WeTransfer, That's Organizations: Euronext, Investors, Federal Reserve, Bank of England, Nasdaq Locations: Euronext Amsterdam, Amsterdam, Europe, London
LIVE MARKETS Russia/Ukraine: scanning Europe for stress
  + stars: | 2022-01-27 | by ( )   time to read: +11 min
On that note, Both Citi and Jefferies just released in-depth reviews of how the European stock markets are exposed to the geopolitical crisis. Euro zone money markets currently price more than 20 basis points of ECB rate hikes by December 2022. With that in mind, stock pickers are increasingly looking for data on rate sensitivity across the space; and a timely Jefferies note on European banks has some interesting findings. "Secondly, French banks have significant exposure to France, where lending is mostly at fixed rate, limiting the rate sensitivity". USyieldcurveFinally, political pressure on the Fed is currently to bring inflation down, not to rescue equity markets.
Persons: We've, Julien Ponthus, Jefferies, Bankinter, Danilo Masoni, Joost van Leenders, , Stefano Rebaudo, it's, Brent Thill, Powell, William Ackman, Tesla, Rowe Price, Dr Martens, UniCredit, SEB, Polymetal, Sujata Rao, Dow Jones, Ian Williams, Jerome Powell Organizations: West, Citi, Jefferies, Renault, Pfizer, ECB, Banca, Credit Agricole, Societe Generale, BNP, Federal Reserve, Kempen Capital Management, Fed, Nasdaq, Microsoft, TECH, Deutsche Bank, SAP, JPMorgan, U.S . Federal, Treasury, Netflix, Reuters, bps, Dow, McDonalds, Mastercard, JetBlue, Apple, Visa, IG Group, Diageo, Sabadell, Peel, U.S, Thomson Locations: U.S, RUSSIA, UKRAINE, Russia, Ukraine, russia, France, Zealand, South Africa, Southwest, St, James's, STMicro, Asia
The number of self-driving cars on California roads surged in 2021, with Alphabet-owned Waymo tripling the size of its fleet. The collisions — with bikers, scooter riders, and other motorists — reveal the imperfect state of self-driving cars. The scooterist reported "soreness and bruising" and the San Francisco Police Department was called, according to the report. Waymo self-driving autonomous car REUTERS/Peter DaSilvaIt's not unusual to see two or three self-driving cars lined up alongside each other at traffic lights. In October, reports surfaced of a dead-end neighborhood street that, for reasons unclear, attracted a non-stop procession of self-driving cars.
Persons: GM's Cruise, Waymo, Alphabet's, Cruise, Tesla, Peter DaSilva It's, , Aaron Peskin, fumed, Peskin, Julia Friedlander, Robert Galbraith Peskin Organizations: Cyclists, Alphabet's, California Department of Motor Vehicles, Cruise, San Francisco Police Department, Tech, Apple, Google, GM, DMV, National, Traffic Safety Administration, REUTERS, California DMV, California Public Utilities Commission, Reuters, San Francisco Municipal Transportation Agency's, Autonomous Vehicles, San Francisco REUTERS Locations: California, San Francisco, Phoenix , Arizona, Francisco, Hill, San Francisco's Potrero Hill, Silicon Valley, Waymo
She helped companies find talent via the hashtag before starting her firm, Black Tech Pipeline. Black Tech Pipeline will launch a service that anonymizes candidates to reduce bias, Chandler says. In 2020, she established Black Tech Pipeline as a job board, recruiting service, and newsletter for connecting companies and Black technologists. Companies including IT management software Jamf, educational technology startup Multiverse, and Dick's Sporting Goods are currently featured on Black Tech Pipeline's job board. Now, Black Tech Pipeline has plans to further anonymize candidates, according to Chandler.
Persons: Chandler, Pariss, Katie Moussouris, Moussouris Organizations: Black Tech Pipeline, Twitter, Employers, Companies, Black Tech, inclusivity, IT, Dick's Sporting Goods, Howard Development, Consulting, Principle Studios, Luta, swatch
Venture Capital Becomes a Tech Battleground Between China, U.S.
  + stars: | 2022-01-26 | by ( Greg Ip | )   time to read: 1 min
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Organizations: Wall Street
The new Xbox One controller (R), next to the previous controller during a press event unveiling Microsoft's new Xbox One in Redmond, Washington May 21, 2013. REUTERS/Nick Adams/File PhotoJan 26 (Reuters) - Microsoft (MSFT.O) will begin offering more information to customers about how it automatically renews Xbox online gaming subscriptions in Britain, the UK's competition watchdog said on Wednesday. The Competition and Markets Authority (CMA) said it had secured undertakings from the U.S. tech giant to inform customers upfront about auto-renewals for Xbox Live Gold and Game Pass subscriptions. Microsoft has also agreed to provide clear and timely information on price hikes, and help inactive Xbox customers end their subscriptions if required and claim a pro-rata refund, the CMA said. read moreRegister now for FREE unlimited access to RegisterReporting by Sachin Ravikumar in Bengaluru; Editing by Ramakrishnan M.Our Standards: The Thomson Reuters Trust Principles.
Persons: Nick Adams, Michael Grenfell, Sachin Ravikumar, Ramakrishnan M Organizations: Xbox, REUTERS, Microsoft, Markets Authority, CMA, Activision Blizzard Inc, Big Tech, Facebook, Google, Apple, Thomson Locations: Redmond , Washington, Britain, U.S, Bengaluru
The Nasdaq logo is displayed at the Nasdaq Market site in Times Square in New York City, U.S., December 3, 2021. Technology, healthcare and financial technology companies led the IPO rush during the quarter, that included the stellar debut of Rivian Automotive Inc (RIVN.O) on the exchange that valued the electric vehicle maker at over $100 billion. Tech-heavy Nasdaq in 2021 eclipsed rival New York Stock Exchange to host the new listings of 1,000 companies, representing $181 billion in capital raised. Its investment analytics products that help customers research across multiple asset classes to make investment decisions have become key growth drivers. The company's net revenue came in 12% higher at $885 million from $788 million a year ago.
Persons: Manya Saini, John McCrank, Shinjini Organizations: Nasdaq, REUTERS, Nasdaq Inc, Technology, Rivian Automotive Inc, Tech, New York Stock Exchange, GlobalFoundries, Thomson Locations: New York City, U.S, Refinitiv, Bengaluru, New York
FILE PHOTO: British entrepreneur Mike Lynch arrives at Westminster Magistrates Court in London, Britain, February 12, 2021. However, Patel also wanted to wait until after the verdict was given in the civil trial before making her decision. The judge, however, refused to move the deadline to March, instead ruling that Patel should decide by Christmas, a ruling which Lynch then challenged in the High Court. However, the High Court judge Jonathan Swift on Wednesday rejected his application, saying it was for the lower court judge to conclude if there were grounds to delay the extradition decision. The U.S. software giant said Lynch was complicit in a series of fraudulent transactions to drive revenue growth at Autonomy.
Persons: Mike Lynch, Toby Melville, Lynch, , Priti Patel, Patel, Jonathan Swift, Sushovan Hussain, Hussain Organizations: Court, REUTERS, Hewlett, Packard, London’s Westminster, British Home, Autonomy, HP Locations: Britain, United States, London, Westminster, Autonomy, London’s, U.S
Trump's Truth Social app is appealing influencers and asking them to come on board as VIPs. Some people contacted by Truth Social include those who have posted overtly anti-Trump content. Representatives for Truth Social and TMTG did not immediately respond to a request for comment from Insider. Trump's Truth Social app was initially touted as a way for the former president to "stand up to the tyranny of Big Tech." Truth Social was also given a 30-day timeframe and a warning to stop violating a license agreement, after claims that it had used source code from decentralized social network Mastodon.
Persons: Axios, Donald Trump's, Jeremy Jacobowitz, Gillie Houston, Jacobwitz, Houston, Jacobowitz, Trump, TMTG, Tom Porter, Mike Pence Organizations: Truth, Trump, Service, Trump Media, Technology, Big Tech, Twitter, Social
Brendan McDermid | ReutersBEIJING — Investors may have to think twice about whether to bet on Chinese tech start-ups as new regulations are imposed on mainland companies looking to go public in the U.S. Chinese companies looking to raise capital face greater uncertainty about their path to listing on public stock markets, and possibly lower valuations too, analysts said. We expect this uncertainty to dampen investor sentiment, potentially depress valuations for Chinese IPOs in the US and make it more difficult for Chinese companies to raise funds overseas. Meanwhile, the U.S. Securities and Exchange Commission in December asked Chinese companies to disclose more details about their regulatory risks and ties to government backers. "We expect this uncertainty to dampen investor sentiment, potentially depress valuations for Chinese IPOs in the US and make it more difficult for Chinese companies to raise funds overseas."
Persons: Brendan McDermid, Richard Chen, Alvarez, Chen, Ming Liao, Liao, Li Yang, SenseTime, Nick Turner, Steptoe, Johnson Organizations: Global Inc, New York Stock Exchange, Reuters, Reuters BEIJING —, U.S, Administration, Marsal's, Hong, Preqin Pro, U.S ., Prospect, CNBC, National Institution for Finance, Development, U.S . Securities, Exchange Commission Locations: New York City, U.S, Reuters BEIJING, Hong Kong, New York, China, Asia, Beijing, Greater China
U.S. House Speaker Nancy Pelosi (D-CA) gestures during her weekly news conference on Capitol Hill in Washington, U.S. January 13, 2022. Like other Congressional lawmakers, Pelosi is legally required to file disclosures of her stock trades. That was the latest push to ban stock trading by lawmakers after Pelosi in December defended their rights to trade. In a reversal, Pelosi last week signaled her willingness to potentially advance legislation that could ban stock trading by lawmakers. The Justice Department ended investigations of stock trades by at least three senators ahead of the 2020 market slump, caused by the coronavirus pandemic, without filing charges.
Persons: Nancy Pelosi, Jonathan Ernst Jan, Nancy, Pelosi, Paul Pelosi, Sahak Manuelian, Austin Scott, Noel Randewich, Ira Iosebashvili, Michelle Price, Kenneth Maxwell Our Organizations: Capitol, REUTERS, Pelosi, Twitter, GameStop,, Companies, Apple, Microsoft, Big Tech, Wedbush Securities, Micron Technology, Republican, Justice Department, Thomson Locations: Washington , U.S, U.S, Wall, Los Angeles
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