DIRS.INFO The most relevant business & tech news

☆ Kaspersky: Biden administration bans Americans from using Russian-made cybersecurity software over national security concerns
▼ + stars: | 2024-06-20 | by ( Zachary Cohen | Sean Lyngaas | ) edition.cnn.com time to read: +4 min

CNN —The Biden administration is taking the unprecedented step of banning US companies and citizens from using software made by a major Russian cybersecurity firm because of national security concerns, Commerce Department Secretary Gina announced Thursday. Thursday’s announcement comes after CNN reported in April that the Biden administration was preparing to issue an order that would prevent US companies and citizens from using Kaspersky software. US government agencies are already banned from using Kaspersky Lab software, but action to prevent private companies from using the software is unprecedented. Founded in Moscow in 1997, Kaspersky Lab grew into one of the world’s most successful anti-virus software companies alongside American rivals like McAfee and Symantec. Some of the speculation and suspicion from US officials about the Russian company centers around Eugene Kaspersky, a charismatic computer expert who co-founded Kaspersky Lab in Moscow in 1997.

Persons: CNN —, Biden, Gina, Joe Biden, Donald Trump, ” Raimondo, “ We’re, Kaspersky, Raimondo, we’ve, Russian government’s, Eugene Kaspersky, ” Kaspersky Organizations: CNN, Commerce, Commerce Department, Kaspersky, McAfee, Symantec, Lab, —, Russian Ministry of Defense, West Locations: Russian, United States, Russia, Moscow, Israel, Eugene, Ukraine

☆ Kaspersky: Biden administration preparing to prevent Americans from using Russian-made software over national security concern
▼ + stars: | 2024-04-09 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +9 min

US government agencies are already banned from using Kaspersky Lab software but action to prevent private companies from using the software would be unprecedented. It’s the latest US government effort to use its vast regulatory powers to prevent Americans from using popular technology that US officials consider a national security risk. A Kaspersky Lab spokesperson did not respond to questions about a potential prohibition or about how big the company’s market share is in the US. Commerce Department officials have to carefully consider how practical any such regulation would be for the department to enforce and for users to comply with. But the expected move from the Biden administration would go a step further by using Commerce Department authorities to prevent private companies from using Kaspersky Lab software.

Persons: CNN —, Biden, Joe Biden, Donald Trump, Kaspersky, Trump, ”, ” Henry Young, Young, Eugene Kaspersky, ” Kaspersky, hasn’t, Harold Martin, ” CNN’s Zachary Cohen, Phil Mattingly, Evan Perez Organizations: CNN, Commerce Department, Kaspersky, Commerce, Trump, Emergency Economic, Street, Companies “, Business Software Alliance, Department, McAfee, Symantec, Lab, —, Russian Ministry of Defense, West, National Security Agency, Politico, NSA, Wall Street Locations: Russian, America, Commerce, Moscow, Russia, Israel, Eugene, Ukraine

☆ These innovative startups are helping to bring social shopping into the mainstream in the US
▼ + stars: | 2023-11-08 | by ( Marta Biino | Dan Whateley | ) www.businessinsider.com time to read: +2 min

The race to integrate shopping into social media in the US kicked into high gear this year. Big social platforms including YouTube, TikTok, and Pinterest are adding new commerce features at a fast clip. A slew of startups have also been rushing to introduce products and services that help brands, influencers, and — perhaps most importantly — consumers get used to the idea of buying on social media. Some companies, like Whatnot and Flip, are building separate apps for brands and creators to sell products through livestreams. Insider compiled a list of nine startups that are helping creators, brands, retailers, and consumers break into social shopping in the US.

Persons: Max Benator Organizations: YouTube, Ghost Agency Locations: Asia, China

☆ The Fed’s preferred inflation measure stayed high in July — and consumers are continuing to spend
▼ + stars: | 2023-08-31 | by ( Alicia Wallace | ) edition.cnn.com time to read: +6 min

Minneapolis CNN —US inflation may have remained elevated in July, but consumers just wanted to have some fun. It’s the strongest monthly spending gain since January; however, underlying data indicates this type of activity may be on borrowed time. The Personal Consumption Expenditures index showed that prices increased 0.2% on a monthly basis and 3.3% annually. Economists were expecting monthly increases of 0.2% for the headline and core indexes and 3.3% and 4.2%, respectively, for the annual numbers. Even when adjusted for inflation, spending surged in July, rising by 0.6% from the month before.

Persons: ” Eugenio Alemán, Raymond James, “, ” Gregory Daco, EY, Jerome Powell, ” Powell, Wells, Shannon Seery, Wells Fargo, ” Seery, ” Daco, Powell, Jackson, ” Organizations: Minneapolis CNN, New Commerce Department, Federal, Commerce Department, Amazon’s, PCE, CNN, “, of Labor Statistics Locations: Minneapolis, Jackson Hole , Wyoming

☆ Bernstein picks recession-beating global stocks for ‘value, growth and quality’
▼ + stars: | 2023-08-03 | by ( Lucy Handley | ) www.cnbc.com time to read: +2 min

Investment bank Bernstein picked a raft of Chinese and Indian stocks in sectors including tech, pharma and IT, naming them on a list of "opportunities for value, growth and quality." "We believe that it is time to increase risk exposure in China by adding more high volatility stocks," the analysts wrote. "GPT can accelerate development of its business and give the company the tailwinds to reshape its strategy," the analysts wrote. Indian stock picks Indian drug company Sun Pharma is also on Bernstein's list of outperform-rated stocks. In India … they have outperformed the market," the analysts wrote, and they also praised Sun's specialty drug portfolio in the U.S.

Persons: Bernstein, Rupal Agarwal, India … Organizations: pharma, " Pharma, Wuxi, Baidu, Sun Pharma, U.S, Infosys, Reliance Industries, New Locations: Asia, China, Wuxi, India, Bangalore, New Commerce

☆ Nvidia downplays possible U.S. chip export restrictions
▼ + stars: | 2023-06-28 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Nvidia CFO Colette Kress downplayed the effect of the potential export restrictions at a financial conference on Wednesday, saying that they would not have an "immediate financial impact" but that further restrictions could hurt the company's growth in the future. "We are aware of reports that the U.S. Department of Commerce is considering further controls that may restrict exports of A800 and our H800 products to China," Kress said, referring to the company's chips. And the impact on our future business and financial results is there," Kress continued. Nvidia is the leader in the parts needed to build advanced AI systems, and AI engineers covet the company's A100 and new H100 chips. But according to the Journal, new Commerce Department limits could restrict the export of even those chips.

Persons: Colette Kress, Kress Organizations: Street, Nvidia, U.S . Department of Commerce, U.S, Department Locations: U.S, China, Washington

☆ Read the leaked farewell memo Shopify's departing CTO sent staff, praising the founder-led company and its accomplishments
▼ + stars: | 2023-01-27 | by ( Madeline Stone | ) www.businessinsider.com time to read: +6 min

I'll be working with the team over the next few weeks to ensure a smooth and efficient transition. All of this is a tiny fraction of our truly incredible work, done by incredible humans. The best way to learn is to read the code, to pair program with Shopifolk inside and outside of your team. I didn't truly understand the impact Shopify has on merchants until I met some in person. I leave you in the capable hands of our leaders, and I know you'll continue to do incredible work.

☆ Creators say YouTube's new shopping features do 'next to nothing' to help them make money as they prepare for the holiday sales season
▼ + stars: | 2022-12-01 | by ( Tom Dotan | ) www.businessinsider.com time to read: +5 min

Creators say YouTube's new commerce products generate insignificant revenue for them. YouTube said some creators have made it work and sold out products featured in live shopping events. Creators haven't yet expressed panic about the slow start to YouTube's commerce efforts. But it may be too early for the live shopping trend to have evolved among American consumers like it has in China, he adds. In the coming months though, creators hope YouTube tweaks the commerce products to make them more compelling to viewers.

☆ Yahoo eyes retail stock trading in growth push - Axios
▼ + stars: | 2022-11-29 | by ( ) www.reuters.com time to read: +1 min

Nov 29 (Reuters) - Yahoo plans to add retail stock trading and enter new commerce and transaction businesses such as sports betting in a move to boost its revenue, news website Axios reported on Tuesday citing an unnamed company source. The owner of websites such as Yahoo Finance, Yahoo Sports and TechCrunch generates around $8 billion in revenue annually, the report said. Private equity firm Apollo Global Management, which owns Yahoo following a $5 billion buyout last year, did not immediately respond to a Reuters request for comment. The report comes a day after Yahoo said it will buy nearly 25% of Taboola.com Ltd (TBLA.O) and become its largest shareholder, allowing the online advertising company to exhibit paid content on the web portal's many sites. Reporting by Tiyashi Datta in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Search resuls for: "New Commerce"

9 mentions found