A shareholder lawsuit filed Thursday claims that Alphabet’s board of directors, including Larry Page, Sergey Brin, and Eric Schmidt, covered up sexual harassment by numerous Google executives, including Andy Rubin, whose $90 million exit package was approved by the board after an internal investigation found sexual harassment claims against Rubin credible. At a press conference
Month: January 2019
On the latest episode of Recode Media with Peter Kafka, Recode’s Peter Kafka spoke with Harvard Law School professor Susan Crawford about her new book, Fiber: The Coming Tech Revolution—And Why America Might Miss It. On the podcast, Crawford explained why nationwide access to high-speed fiber internet — already standard in parts of Asia and
China’s inflation rose less than expected for the month of December, official data showed on Thursday. The country’s December producer inflation rose 0.9 percent on-year, lower than the 1.6 percent economists were expecting in a Reuters poll. China’s December consumer inflation (CPI) — a gauge of prices for goods and services — rose 1.9 percent
On the latest episode of Pivot, Recode’s Kara Swisher traded in Scott Galloway for a guest co-host: Crooked Media’s Jon Lovett, the co-host of Pod Save America and host of Lovett or Leave It. They talked about everything from Trump’s shutdown to Netflix’s Bird Box, and why the newly Democratic-controlled House of Representatives probably won’t
As tech giants figure out how to keep users from engaging with fake and misleading news online, a new Gallup poll suggests one potentially effective approach. In the survey, which was commissioned by journalism startup NewsGuard and its investor, the Knight Foundation, more than 60 percent of respondents said they were less likely to share
About 15 percent of their members also joined their flex program, a loyalty scheme that helps participants get priority bookings and better prices. A Roam spokesperson told CNBC they are not concerned about targeting demographics or the “proverbial late-twenties marketing freelancer.” “We don’t have any age limit or preference as it goes against what we
Say you were a villainized e-cigarette startup, with a $13 billion cash investment from the tobacco giant that owns Marlboro, and were blamed for kicking off a vaping epidemic among teens. You’d lay low, right? Maybe play nice with the FDA. Log off Instagram. Throw a few coins at a youth prevention campaign. Juul, however,
The promise of digital cryptocurrencies like bitcoin is that you don’t need to trust the people to whom you send or receive money, because the software makes it technically impossible for anyone to cheat the system. Instead of relying on humans and their flawed judgment, you rely on the laws of mathematics. But a recent
Facebook CEO Mark Zuckerberg shares a public New Year’s resolution every year. There was the year he vowed to learn Mandarin. The year he killed all of his own food. And then there was the year he toured America to milk cows and ride tractors. Last year, Zuckerberg’s New Year’s resolution was to fix Facebook.
At Wake Radiology in North Carolina, roughly 50 doctors scrutinize x-rays and other images for local medical providers. Within a few weeks, they should start to get help on some lung CT scans from machine-learning algorithms that highlight potentially cancerous tissue nodules. Although Wake is based in a region known as the Research Triangle, for
Patient investors might want to consider buying shares of Micron Technology as things slowly turn positive for the chipmaker, CNBC’s Jim Cramer said Monday as Micron’s stock pulled the semicondcutor cohort higher. Shares of Micron mounted a long-awaited recovery in Monday’s turbulent trading session after BMO Capital Markets analysts upgraded the stock to “buy” from
Disney CEO Bob Iger spilled the beans on a June grand opening for Star Wars: Galaxy’s Edge at Disneyland, letting the debut date slip for the much-anticipated new themed “land” during a wide-ranging Q&A interview with Barron’s (registration required). Ahead of the opening, Disney raised pass prices by as much as 25 percent. Along with
Apple announced a partnership with Samsung, one of its fiercest rivals, on Sunday morning. Soon, customers who owns select Samsung smart TVs will be able to access iTunes movie and TV content. AirPlay 2 support will let iPhone and iPad owners send content from their screens to the TVs, too. The announcement shows how much
Airport screeners are calling out sick in increasing numbers, while some workers are fretting about where their next paycheck will come from as a partial U.S. government shutdown enters its third week. The impact from thinner ranks at the country’s airports has had a minimal impact so far, according to the Transportation Security Administration, but
Federal Reserve Chair Jerome Powell just gave the stock market and the U.S. economy exactly what they needed to continue the steady growth they’ve seen in the last several years, CNBC’s Jim Cramer said Friday. In a group interview with former Fed leaders Ben Bernanke and Janet Yellen, Powell said Friday that he would be
This article, like most of the internet, is presented to you via black text on a white background. Depending on what time of day it is, and how long you have been staring at an obnoxiously bright screen, you might find the experience of reading it a bit … aggravating. Perhaps even exhausting. Don’t worry,
On the latest episode of Recode Media with Peter Kafka, Dotdash CEO Neil Vogel joined Peter in our studio to talk about a media turnaround story: His team took an aging internet property, the once-mighty About.com, and rebuilt it into a modern network of sites answering people’s questions about topics like health, food, and personal
It’s hard not to feel a little bad for startup founders caught in the crossfire of a venture capital firm’s implosion — as privileged as they are to have millions of dollars in backing. It’s not a rare occurrence these days: Young companies backed by Binary Capital had to scramble last year after a sexual
Bristol-Myers Squibb agreed to acquire Celgene in a record-sized $74 billion deal that will unite two drug makers battling for advantage in a crowded market for innovative cancer treatments. The cash-and-stock deal will be the largest pharma acquisition of all time; analysts say it could trigger a flood of biotech deals. In purchasing Celgene, Bristol
As the internet has evolved over its 35-year lifespan, control over its most important services has gradually shifted from open source protocols maintained by non-profit communities to proprietary services operated by large tech companies. As a result, billions of people got access to amazing, free technologies. But that shift also created serious problems. Millions of
Only a few months ago, Apple was crowned the first company to be valued at more than $1 trillion. Now, in the wake of a surprise profit warning, its entire future is being questioned. Both reactions are extreme. A victory lap wasn’t warranted last summer, nor is a eulogy now. The company is at an
Being at odds with a new office culture may not only be uncomfortable, but it could also be a deal breaker for many people. That’s according to a survey from Deloitte, which found that, along with good pay, a positive culture ranks as the most important workplace consideration for millennial and Gen Z employees. The
The 116th Congress gets sworn in today — a historic day for women in government. A whopping 102 women will take their seats in the House — that’s nearly a quarter of its voting members. Of those women, 35 (or 34.3 percent) are entering Congress for the first time. Exactly a quarter of the Senate
Apple on Wednesday warned investors that its revenue for the last three months of 2018 would not live up to previous estimates, or even come particularly close. The main culprit appears to be China, where the trade war and a broader economic slowdown contributed to plummeting iPhone sales. But CEO Tim Cook’s letter to investors
You can add the Federal Communications Commission to the list of government shutdown casualties: The agency will shutter most of its operations on Thursday. Its outage-reporting system will remain online, so you can still let the FCC know if your local 911 service goes down. But if you run into billing or privacy issues with
Apple slashed its revenue forecast on Wednesday amid trade tensions between the U.S. and China, but it’s not the first company to signal trade impacts. In a letter to investors, Apple CEO Tim Cook said the company saw lower-than-expected sales primarily in China. Cook told CNBC’s Josh Lipton that the trade dispute with the U.S.
As the government shutdown stretches into its second week with no end in sight, about 380,000 federal employees are bracing for the worst — deferring payments, filing unemployment claims and notifying landlords that they might not make rent. An additional 420,000 employees deemed essential are working without pay. On Monday, the American Federation of Government
Results of a private survey on China’s manufacturing activity for the month of December will be released at 9:45 a.m. SIN/HK on Wednesday, shedding more light on the state of the world’s second-largest economy amid a trade dispute with the U.S. The Caixin/Markit Manufacturing Purchasing Managers’ index (PMI), a private survey, is expected to show