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☆ Chevron boosted by OPEC production cuts, says ERShares' Eva Ados
▼ + stars: | 2023-04-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChevron boosted by OPEC production cuts, says ERShares' Eva AdosEva Ados, COO of ERShares, joins 'Power Lunch' to discuss the outlook for Chevron, General Electric and Macy's

☆ Hacker Stole My Phone, Credit Card, Identity. I Set Out to Find Them.
▼ + stars: | 2023-04-02 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +22 min

They left the Verizon store and went to a nearby Apple store, where they used my Chase credit card to spend $6,370. And two, because a physical credit card had been used to make the purchases, even though I was still in possession of my card. Typically, when your credit card is about to expire, as mine was, the bank sends you a new card a few weeks ahead of time. All told, the gang allegedly stole hundreds of identities and defrauded retailers and credit card companies of $1.3 million. Whoever hacked my identity, it makes sense that they started with my credit card.

☆ Factbox: Canada clears Rogers-Shaw deal but with conditions
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: +2 min

March 31 (Reuters) - Canada on Friday granted the final approval for Rogers Communications Inc's (RCIb.TO) C$20 billion ($15 billion) buyout of Shaw Communications Inc (SJRb.TO), clearing the deal that will create the country's No. 2 telecoms company. Minister of Innovation, Science and Industry Francois-Philippe Champagne agreed to the transfer of wireless licenses held by Shaw's Freedom Mobile unit to Quebecor Inc's (QBRb.TO) Videotron under some conditions. CONDITIONS ACCEPTED BY ROGERS* Will have to create 3,000 new jobs in Western Canada and maintain them for a minimum of 10 years after the closing date* Invest at least C$2.5 billion to enhance its 5G network in Western Canada, and C$3 billion in additional network service expansion projects* Expand access to low-cost broadband internet plans and launch a new low-cost mobile offering for low-income Canadians* Invest C$1 billion to expand broadband internet access, at speeds of at least 50/10 megabits per second, and 5G mobile service in areas where it is not currently available* Establish a western headquarters in Calgary and maintain it for a minimum of 10 years after the closing date* To report to Innovation, Science and Economic Department and to the public every year on specific progress it has made towards commitments in the agreement* Will have to offer wireless plans to Shaw Mobile customers at Shaw's current prices for 5 years after deal close* To pay C$100 million for every year in which any "material element" of any commitment is not metCONDITIONS ACCEPTED BY VIDEOTRON* Will need to offer plans that are comparable to those currently available in Quebec, and offer options at least 20% cheaper than that of major players* Cannot transfer Freedom Mobile licenses for 10 years* Will have to expand its 5G wireless network in Freedom Mobile's pre-existing operating territory within 2 years* Will increase data allotments of existing Freedom Mobile customers by 10% as a near-term bonus, while investing to bring down prices overall* Will expand mobile service into the Canadian province of Manitoba via the use of a signed Mobile Virtual Network Operator (MVNO) agreement and offer plans comparable to what it offers in Quebec* To pay C$25 million for every year in which any "material element" of any commitment is not metCompiled by Eva Mathews in Bengaluru; Edited by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

The deal was opposed by consumer advocates and politicians on worries it could lead to higher prices due to an overlap between Rogers and Shaw's wireless divisions. Rogers reaffirmed its conditions, including setting up a western headquarters in Calgary, creating 3,000 new jobs in Western Canada and investing C$6.5 billion to upgrade connectivity. If it breaches the commitments, Rogers (RCIb.TO) will have to pay a fine of as much as C$1 billion, Champagne said at a news conference in Ottawa. Champagne said if wireless prices do not go lower, he would seek further legislative and regulatory powers. Rosa Addario, a spokesperson for internet advocacy group OpenMedia, said the concessions sought by the government were unlikely to result in lower prices.

☆ Manchester United back in the black ahead of potential sale
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +2 min

March 30 (Reuters) - Manchester United (MANU.N) swung to a second-quarter net profit on the back of higher commercial revenue and lower wages, the club said on Thursday. Net profit came in at 6.3 million pounds ($7.78 million) in the three months to Dec. 31, against a 1.4 million pound loss a year earlier. United said ticket sales for the current 2022/23 season have surpassed the record set in 2016/17, hitting a cumulative 2.3 million tickets sold. Prices for adult season ticket renewals have been increased by about 5% for next season, the club said. Short-term borrowing at the end of last year jumped 95% to 206.2 million pounds, the club said.

☆ Apple to host annual developers' conference from June 5
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +1 min

March 29 (Reuters) - Apple Inc (AAPL.O) said on Wednesday it will host its annual developers' conference from June 5 to June 9, where the iPhone maker is expected to unveil its latest software updates. Analysts will also look for hints from Apple about the much-anticipated mixed-reality headset that can overlay digital objects on a view of the real world. For new devices, the company sometimes gives developers a heads-up so they can start working on apps. Prior to 2020, Apple hosted the Worldwide Developers Conference (WWDC) in San Jose, California, with thousands of developers and Apple employees in attendance. The company said it will host developers and students at Apple's headquarters in Cupertino, California on June 5 to watch the keynote and State of the Union videos along with the online attendees.

☆ Microsoft introduces AI-powered cybersecurity assistant
▼ + stars: | 2023-03-28 | by ( ) www.reuters.com time to read: +1 min

March 28 (Reuters) - Microsoft Corp (MSFT.O) on Tuesday launched a tool to help cybersecurity professionals identify breaches, threat signals and better analyze data, using OpenAI's latest GPT-4 generative artificial intelligence model. The tool, named 'Security Copilot', is a simple prompt box that will help security analysts with tasks like summarizing incidents, analyzing vulnerabilities and sharing information with co-workers on a pinboard. The assistant will use Microsoft's security-specific model, which the company described as "a growing set of security-specific skills" that is fed with more than 65 trillion signals every day. The launch comes amid a flurry of announcements from Microsoft to integrate the AI into its most popular offerings. Reporting by Eva Mathews in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

☆ Blackbaud rejects $71/shr offer from stakeholder Clearlake
▼ + stars: | 2023-03-27 | by ( ) www.reuters.com time to read: +1 min

March 27 (Reuters) - Blackbaud Inc (BLKB.O) on Monday rejected a buyout offer from its largest shareholder Clearlake Capital that valued the software firm at $3.78 billion. Clearlake made an offer of $71 per share in cash, a premium of nearly 23% to Blackbaud's Friday close. Blackbaud provides donor management software for non-profit organizations, foundations and corporations. The private equity firm has been snapping up software firms as remote and hybrid working trends fueled demand for cloud services. It bought management software provider Cornerstone OnDemand and Quest Software in 2021.

☆ The Trump rape case jurors will go to court in secret so Trump can't harass them
▼ + stars: | 2023-03-23 | by ( Ashley Collman | Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

A judge has ruled the jurors will be kept anonymous in the upcoming defamation trial against Donald Trump. Judge Kaplan said he'll keep them secret so Trump and his supporters can't harass them. E. Jean Carroll, who accuses Trump raped her in the 90s, is suing Trump for defamation and battery. But Kaplan wrote that Leish's arguments for keeping the jurors public were "unpersuasive" in convincing him that the public interest in the case outweighs the jurors' safety. E. Jean Carroll.

Video footage from a drone flying down a street in Antakya’s Old City, which is covered in rubble and surrounded by collapsed buildings. Called Saray Street by locals, this stretch was once lined with more than 70 shops, restaurants and other businesses. The destruction on Saray Street is a fraction of all that was lost in Old City. Video clip of Saray Street before the quakes, showing stores and patrons during the holiday season. Damaged or destroyed historic or cultural landmark Map showing the boundaries of Old City and labeling cultural landmarks that were damaged or destroyed.

☆ Microsoft launches image-creation tool on Bing powered by OpenAI's tech
▼ + stars: | 2023-03-21 | by ( ) www.reuters.com time to read: +1 min

March 21 (Reuters) - Microsoft Corp (MSFT.O) on Tuesday rolled out an image-creation feature for search engine Bing and browser Edge that will use the technology behind OpenAI's DALL-E to create pictures based on text prompts. The tool, named 'Bing Image Creator', will be available to users of the latest AI-powered version of Bing and Edge preview. Bing Image Creator will be integrated into Bing chat, rolling out initially in Creative mode starting Tuesday for users on desktop and mobile, Microsoft said in a blog post. At the center are Microsoft and Alphabet Inc's (GOOGL.O) Google, touting AI features for their most popular products from spreadsheet software Excel to Gmail. The software giant also launched new features - Visual Stories and Knowledge Cards 2.0 - for Bing users.

☆ Three-Stock Lunch: Amazon, AMD & Enphase Energy
▼ + stars: | 2023-03-20 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree-Stock Lunch: Amazon, AMD & Enphase EnergyEva Ados, chief investment strategist at ERShares, joins ‘Power Lunch’ to discuss her investing take on three stocks: Amazon, AMD, and Enphase Energy.

☆ 'I'm back:' Trump returns to YouTube and Facebook after two-year ban
▼ + stars: | 2023-03-17 | by ( ) www.reuters.com time to read: +3 min

The posts on his Facebook page and YouTube channel, which were titled "I'M BACK!," show a CNN video announcing Trump's election as president in the 2016 race against Hillary Clinton. Meta Platforms Inc (META.O) had reinstated Trump's Facebook and Instagram accounts earlier this year. His Twitter account was reinstated in November by the platform's new owner Elon Musk but Trump has yet to post on Twitter. Trump's campaign team did not immediately respond to a request for comment. YouTube banned Trump in 2021 for violating its policy of inciting violence after his supporters stormed the U.S. Capitol as Congress was certifying Joe Biden's victory in the 2020 presidential election.

☆ French minister to raise protection of minors with Pornhub's new owners
▼ + stars: | 2023-03-17 | by ( ) www.reuters.com time to read: +1 min

PARIS, March 17 (Reuters) - A French government minister will meet the new owners of the pornography website Pornhub to ensure minors are protected and that the site does not break any laws, he said on his Twitter account on Friday. Earlier this week, Canadian private equity firm Ethical Capital Partners said it had bought MindGeek, which has faced complaints over Pornhub's content. MindGeek said it would work with Ethical Capital Partners (ECP) on matters of trust and safety with regulators. "We have spoken with the partners at ECP. Reporting by Sudip Kar-Gupta and Eva Mathews; Editing by Barbara Lewis and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

☆ BuzzFeed transfers most of its cash out of crisis-hit SVB
▼ + stars: | 2023-03-16 | by ( ) www.reuters.com time to read: +1 min

March 16 (Reuters) - BuzzFeed Inc (BZFD.O) said on Thursday it had moved most of its cash from Silicon Valley Bank (SIVB.O) to other financial institutions, days after the digital media firm's stock slumped on news of its exposure to the troubled bank. Its shares have lost roughly 11% since the company said on Monday that most of its $56 million in cash and cash equivalents was held at the bank whose collapse sent shockwaves through the global financial system. The company's decision to move its money comes despite the U.S. Federal Deposit Insurance Corporation (FDIC) having guaranteed all depositors of SVB access to their money. BuzzFeed said it did not expect any disruption to its ongoing operations. Reporting by Eva Mathews in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

☆ Accounts to buy bonds from the government jumped fivefold as yields boomed
▼ + stars: | 2023-03-16 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +1 min

In 2022, savers created 3.6 million accounts at TreasuryDirect.gov, a website where investors can buy a range of savings bonds and Treasury securities from the U.S. government. That's up about fivefold from 2021, when investors opened 689,369 accounts on the site. I bondsFirst, savers turned toward Series I savings bonds, an inflation-protected and largely risk-free asset that's issued by the federal government. The rate on these bonds has two components: a fixed rate of interest and a rate that varies based on inflation. You can buy up to $5,000 in paper I bonds using your tax refund.

☆ Twitch CEO Emmett Shear to step down, president Clancy to take over
▼ + stars: | 2023-03-16 | by ( ) www.reuters.com time to read: +1 min

March 16 (Reuters) - Amazon.com Inc-owned (AMZN.O) Twitch's Chief Executive Officer Emmett Shear said on Thursday he will resign from the role after over 16 years at the live video streaming company. Twitch's president, Dan Clancy, who has been at the company since 2019 will take on the role of CEO effective immediately, Shear said in a blog post, adding that he will remain on as an advisor. "In October 2006 we started working on live video for the internet. More than 16 years later, I'm now a father and ready to move to my next phase of life," Shear tweeted. Shear co-founded live streaming platform Justin.tv which became Twitch in 2011 and quickly gained traction in the gaming community.

☆ Pornhub owner MindGeek sold to Canada's Ethical Capital
▼ + stars: | 2023-03-16 | by ( ) www.reuters.com time to read: +1 min

March 16 (Reuters) - Canadian private equity firm Ethical Capital Partners (ECP) on Thursday said it had acquired Pornhub owner MindGeek, which has been mired in controversy over recent years. The financial terms of the deal were not disclosed. Luxembourg-based MindGeek has been a centerpiece in the adult entertainment industry since the advent of video streaming, but concerns over the company's business model triggered the departure of its top management last year. Pornhub, MindGeek's flagship site, was also cut off by Visa and Mastercard's payment networks in 2020 following investigations that identified unlawful content on the platform. Reporting by Eva Mathews in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. FTC asks social media, video streaming firms info on misleading ads
▼ + stars: | 2023-03-16 | by ( ) www.reuters.com time to read: +1 min

March 16 (Reuters) - The U.S. Federal Trade Commission (FTC) on Thursday issued orders to eight social media and video streaming firms including Meta Platforms Inc (META.O), Twitter, TikTok and YouTube seeking information on how the platforms screen for misleading advertisements. The companies did not immediately respond to Reuters' requests for comment. "Social media has been a gold mine for scammers who tout sham products and other scams that have cost consumers enormously in recent years," said Samuel Levine, director of the FTC's consumer protection bureau. "This study will help the FTC ensure that social media and video streaming companies are doing everything they can to keep scammers and deceptive ads off their platforms." read moreReporting by Eva Mathews in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

☆ Virgin Orbit furloughs almost all employees, pauses ops for a week - CNBC
▼ + stars: | 2023-03-15 | by ( ) www.reuters.com time to read: 1 min

March 15 (Reuters) - Richard Branson's Virgin Orbit (VORB.O) is furloughing nearly all its employees and pausing operations for a week as it looks for funding, CNBC reported on Wednesday, citing people familiar with the matter. The satellite launch firm's executives briefed employees on the situation in an all-hands meeting earlier in the day and told them that the company aimed to provide an update on the furlough and funding situation by next week, according to the report. Virgin Orbit did not immediately respond to a Reuters request for comment. Shares of the company dropped 8.9% to 92 cents in extended trading. Reporting by Eva Mathews in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. threatens TikTok ban if Chinese owners don't sell stake - WSJ
▼ + stars: | 2023-03-15 | by ( ) www.reuters.com time to read: 1 min

March 15 (Reuters) - The Committee on Foreign Investment in the United States (CFIUS) is asking TikTok's Chinese owners to sell their stakes in the short-form video app or face a possible ban in the United States, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Reporting by Eva Mathews in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

☆ Branson's Virgin Orbit to pause ops, furlough nearly all employees - source
▼ + stars: | 2023-03-15 | by ( Joey Roulette | ) www.reuters.com time to read: +1 min

March 15 (Reuters) - Richard Branson's Virgin Orbit (VORB.O) on Wednesday said it was pausing all operations from March 16 and a source familiar with the matter told Reuters that the satellite launch company was also furloughing nearly all of its employees. Chief Executive Dan Hart told staff in a meeting that the furlough was intended to buy Virgin Orbit time to finalize a new investment plan to help pull the company out of its financial woes, according to the source, who attended the meeting. The duration of the furlough was unclear, but Hart said he would provide employees an update by the middle of next week on when they could return, the source said. In a statement to Reuters, the company confirmed the operational pause but it did not give details on the furloughs. Last month, Virgin Orbit said it was investigating the failure of its mission in January to deploy nine small satellites into lower Earth orbit (LEO) from the coastal town of Newquay in southwest England.

☆ NASA awards Firefly Aerospace $112 mln contract for far-side moon lander
▼ + stars: | 2023-03-14 | by ( ) www.reuters.com time to read: +1 min

March 14 (Reuters) - NASA on Tuesday said it had picked U.S. rocket builder Firefly Aerospace to put a lander on the moon's far side in 2026, under a nearly $112 million contract. "The commercial lander will deliver two agency payloads, as well as communication and data relay satellite for lunar orbit, which is an ESA (European Space Agency) collaboration with NASA," the U.S. space agency said. NASA handed a similar award of $73 million to spacecraft software firm Draper last year to deliver science and technology payloads to the far side of the moon in 2025. NASA awarded Cedar Park, Texas-based Firefly $93.3 million in 2021 to carry a suite of 10 science investigations and technology demonstrations to the moon in 2023. Reporting by Eva Mathews in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

☆ TikTok mulls splitting from ByteDance if proposal with U.S. fails - Bloomberg News
▼ + stars: | 2023-03-14 | by ( ) www.reuters.com time to read: 1 min

March 14 (Reuters) - Short video app TikTok's management is considering the possibility of separating from parent firm, China's ByteDance, to help address U.S. concerns about national security risks, Bloomberg News reported on Tuesday, citing people familiar with the matter. A divestiture, which could result in a sale or initial public offering, is considered a last resort, and to be pursued only if the company's existing proposal with U.S. national security officials does not get approved, Bloomberg reported. TikTok is undergoing a national security review by the Committee on Foreign Investment in the United States and it agreed last year to implement a number of measures to address U.S. officials' security concerns. Reporting by Eva Mathews in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

☆ French regulators lift ban on online marketplace Wish
▼ + stars: | 2023-03-14 | by ( ) www.reuters.com time to read: +1 min

March 14 (Reuters) - ContextLogic Inc (WISH.O) said on Tuesday that France had lifted the ban on its e-commerce marketplace, Wish, after it was delisted from search engines and app stores over concerns about product safety. France's General Directorate for Competition Policy, Consumer Affairs and Fraud Control (DGCCRF) banned the U.S.-based firm's listings in November 2021 on grounds that it had found a large proportion of products on the Wish site to be dangerous. "France is an important market to us, and we look forward to a continued partnership with DGCCRF in the future," Wish's compliance chief, Joanna Forster, said in a statement. The company said users will now be able to download the Wish app from Google's Play Store while it will be restored on Apple's App Store in the coming days. Reporting by Eva Mathews in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

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