A mobile phone open to the web site of credit bureau Equifax, with text on the website reading ‘Equifax Cybersecurity Incident’, providing steps for consumers to take following a security breach in 2017 that affected 143 million Americans. Smith Collection/Gado | Archive Photos | Getty Images I may have banked $125 Friday by taking less
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The Justice Department Friday cleared T-Mobile’s long-delayed $26.5 billion merger with Sprint, a deal that critics say will reduce competition for wireless service and lead to higher prices. To win approval, the companies agreed to sell assets to Dish intended to help the company, which now provides satellite TV service, launch a new wireless carrier.
Avatar Source: Walt Disney Studios If you were to ask someone to name one of the main characters from the movie “Avatar,” odds are they wouldn’t be able to. That’s the risk Disney has undertaken in continuing James Cameron’s vision of four more “Avatar” films. While “Avatar” made its way to the top of the
I sometimes think that if you could look in the safe behind Jeff Bezos’ desk, instead of the sports almanac from Back to the Future you’d find an Encyclopedia of Retail, written in maybe 1985. There would be Post-It notes on every page, and every one of those notes would have been turned into a
Zuora: “No. I want you to hold for now. It’s in the penalty box … because they missed the quarter so badly last time that I just think that you have to wait a full quarter to see if they can get it together. The subscription economy is good, but their business is not.” Lithia
Apple said Thursday that it will spend $1 billion to buy most of Intel’s business that makes modems for smartphones—the crucial chips that connect devices to cell networks and Wi-Fi. The deal gives the iPhone maker new power to customize and control the technology inside its mobile devices at a time when the industry is
Kids love YouTube. They love the pinging of the xylophones in the upbeat “Thank you song” on CoCoMelon, a channel with more than 53 million subscribers that plays animated nursery rhymes. They love watching other kids open and test toys, as they do on Ryan ToysReview (subscriber count: 20,749,585). And they love the Baby Shark
Filmmaker Laura Poitras’ Oscar-winning documentary Citizenfour centers on the pale, calm face of National Security Agency leaker Edward Snowden holed up in a plain Hong Kong hotel room. Her latest star is even more impassive—an aluminum tear gas grenade—but seen amid surreal pulsating color. Poitras’ 10-minute short Triple Chaser is named for that tear gas
Billionaire Jeffrey Epstein in Cambridge, MA in 2004. Epstein is connected with several prominent people including politicians, actors and academics. Rick Friedman | Corbis News | Getty Images Victoria’s Secret owner, L Brands, has hired outside counsel to review the company’s relationship with accused child sex trafficker Jeffrey Epstein, a company spokesperson said on Thursday.
The FTC took a shot at Mark Zuckerberg, actor Rutger Hauer died, and the comforts of in-game drudgery. Here’s the news you need to know, in two minutes or less. Want to receive this two-minute roundup as an email every weekday? Sign up here! Today’s Headlines The FTC wants more privacy, less Zuckerberg at Facebook
MARK ZUCKERBERG’S NAME doesn’t appear anywhere in the 50-page complaint brought against Facebook by the US government Wednesday as it settled charges the company deceived millions of Americans over how it used and shared their personal information. But make no mistake: The Federal Trade Commission is not happy with how Zuckerberg has been running his
In this May 2, 2019, file photo Beyond Meat CEO Ethan Brown, center, watches as his company’s stock begins to trade following its IPO at Nasdaq in New York. Mark Lennihan | AP Investor enthusiasm for Beyond Meat is rubbing off on the companies selling its vegan meat products. Beyond’s stock price is now eight
The titans of social media are trapped, and we’re all suffering for it. As free services, Facebook, Twitter, and YouTube monetize you by keeping you engaged, so they can show you more ads. The services are designed to exploit our brain chemistry, flashing us notifications and giving us one more hit of algorithm-recommended video. If
A pair of 1972 Nike running shoes became the most expensive sneakers ever sold at auction, fetching $475,500 at Sotheby’s. The sneakers were purchased by Canadian entrepreneur Miles Nadal, and were part of a collection of 100 of the rarest sneakers ever made that was being sold by Sotheby’s and sneaker marketplace Stadium Goods. While
When 17-year-old Emma Logan wants to make plans with her friends, she turns to Snapchat. “At this point it’s just the easiest way to contact everyone,” she wrote via text. “I use it if I’m trying to get them to respond.” All her friends have Snapchat, and they all check it more frequently than they
European stocks are set to open higher Tuesday morning, while the pound dipped amid worries that Britain’s new prime minister could lead the country into a no-deal exit from the European Union. The FTSE 100 is seen 25 points higher at 7,539, the CAC is expected to open up around 26 points at 5,593, while
Charging an electric car Mario Gutiérrez. | Moment | Getty Images The U.K. government has announced £80 million ($99.7 million) of investment to develop the “next generation of electric vehicles” and, potentially, hybrid aircraft. Authorities said Monday that the funding would, among other things, help to reduce carbon emissions from industries including transport, construction and
French company Idemia’s algorithms scan faces by the million. The company’s facial recognition software serves police in the US, Australia, and France. Idemia software checks the faces of some cruise ship passengers landing in the US against Customs and Border Protection records. In 2017, a top FBI official told Congress that a facial recognition system
Chris Hemsworth and director Taika Waititi of Marvel Studios’ ‘Thor: Love and Thunder’ at the San Diego Comic-Con International 2019 Marvel Studios Panel in Hall H on July 20, 2019 in San Diego, California. Alberto E. Rodriguez | Getty Images Entertainment | Getty Images A decade ago, moviegoers were introduced to Tony Stark. He was
Avengers Endgame Source: Marvel Studios. “Avengers: Endgame” is expected to become the highest-grossing film of all time in a matter of days, Kevin Feige, the head of Marvel Studios announced Saturday to a crowd of thousands in Hall H at San Diego Comic-Con. In just thirteen weeks in theaters, the Disney superhero flick will finally surpass
Farmer walks through his soy fields in Harvard, Illinois. Nova Safo | AFP | Getty Images In the past year, torrential rains have dumped water on U.S. farmlands, destroying acreage and delaying crops from getting planted on time. Now, farmers face another hurdle: a stifling heat wave that’s spreading across the United States and is
On the second evening of Prime Day, Amazon’s annual sales bonanza, Anne Marie Bressler received an email from Amazon that had nothing to do with the latest deals. The message, sent from an automated email address Tuesday, informed her that the Align nutritional supplements she ordered two weeks earlier were probably counterfeit. “If you still
Signage is displayed outside a JC Penney Co. store in Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images J.C. Penney on Friday afternoon said it hasn’t hired any advisors to prepare for an “in-court restructuring or bankruptcy.” The statement followed a report Thursday evening that the embattled department store chain had hired advisers to explore
A new app knows what your Instagram-loving friends did last summer. Called Who’s in Town, the iOS and Android app is ostensibly designed to show you, well … who’s in town. But it does much more than that. Users who download the app and grant it access to their Instagram account are presented with an
Republican and Democratic lawmakers alike are furious over reports that the Federal Trade Commission is prepared to settle with Facebook over widespread privacy violations for just $5 billion. But that doesn’t mean there’s currently an acceptable bipartisan solution floating around the marble halls of the Capitol. “The terrible message sent by this tap on the
2020 Chevrolet Corvette Stingray Source: General Motors General Motors is gunning for Ferrari with its newest redesign of the Chevrolet Corvette — the 2020 Stingray unveiled Thursday night. First introduced in 1954, the Chevy Corvette quickly stood out in a market dominated by the heavy metal that was rolling out of most Detroit factories in
It’s been a strange, conflicted week for antitrust in Washington, DC. In one set of congressional hearings, tech leaders, facing possible far-reaching regulation, fended off accusations that they are strangling competition. In another, Facebook’s David Marcus explained why the social media giant should be given a green light to expand ambitiously into global finance with
Today’s AI systems make weighty decisions regarding loans, medical diagnoses, parole, and more. They’re also opaque systems, which makes them susceptible to bias. In the absence of transparency, we will never know why a 41-year-old white male and an 18-year-old black woman who commit similar crimes are assessed as “low risk” versus “high risk” by
Everyone from President Trump to Representative Maxine Waters (D-California) says Libra, Facebook’s planned cryptocurrency, should be heavily regulated. But nobody seems to know how—including Facebook. That much was clear in the often muddled questions of legislators who hauled in Facebook executive David Marcus to testify this week, as well as in Marcus’ frequent deflections. The
CNBC’s Jim Cramer said Wednesday that a number of bank stocks are worth buying, despite signs that the economy is weakening and the Federal Reserve won’t be raising interest rates this year. The banking cohort that have reported earnings thus far — Citigroup, JPMorgan Chase, Wells Fargo and Goldman Sachs — combined made $29.5 billion, which the