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Updated: 30 min 13 sec ago

Musk to review all of Tesla's expenses in new cost cutting plan

Fri, 05/17/2019 - 05:31
Tesla Inc Chief Executive Officer Elon Musk told employees on Thursday that he, along with new finance head, will review all future expenses as part of an initiative to cut costs, according to an email seen by Reuters.

Amazon close to buying a stake in UK's Deliveroo: Sky News

Fri, 05/17/2019 - 05:10
Amazon.com Inc is in talks to invest hundreds of millions of pounds in UK food delivery app Deliveroo as part of a $575 million fundraising, Sky News reported on Thursday, citing sources.

Consumer bodies seek to force Alibaba portal to honor EU shoppers' rights

Fri, 05/17/2019 - 05:05
Consumer bodies from Belgium, France, Italy, the Netherlands, Portugal and Spain on Friday urged their national consumer protection agencies to act against Alibaba's online shopping portal for allegedly setting unfair terms for EU users.

Baidu forecasts quarterly revenue below estimates, shares fall

Fri, 05/17/2019 - 03:59
Chinese search engine operator Baidu Inc on Thursday reported lower-than-expected first-quarter earnings and forecast quarterly revenue below estimates, sending its shares down 8% in extended trading.

Pinterest forecasts 2019 revenue in line with estimates, shares fall

Fri, 05/17/2019 - 03:51
Pinterest Inc forecast full-year revenue mostly in line with analysts' estimates even after reporting a 54% jump in sales in its first quarterly earnings since going public, as the online scrapbook company added more users globally.

Nvidia revenue forecast beats estimates; shares rise

Fri, 05/17/2019 - 03:49
Nvidia Corp reported a better-than-expected quarterly profit and forecast second-quarter revenue above analysts' estimates, boosted by higher demand for its gaming chips, sending its shares up 6% in extended trading.

U.S. Commerce Department publishes Huawei export blacklist order

Fri, 05/17/2019 - 03:40
The U.S. Commerce Department on Thursday formally placed Huawei Technologies Co Ltd and 68 affiliates in more than two dozen countries on its so-called “Entity List” - a move that bans the telecom giant from buying parts and components from American companies without U.S. government approval.

Chip gear maker Applied Materials results beat estimates, shares rise

Fri, 05/17/2019 - 03:37
U.S. chip gear maker Applied Materials Inc's reported better-than-expected quarterly revenue and forecast third-quarter revenue and profit above estimates on Thursday, allaying investor concerns about slowing semiconductor demand.

Third fatal Tesla Autopilot crash renews questions about system

Fri, 05/17/2019 - 03:09
Tesla Inc's Autopilot system was engaged during a fatal March 1 crash of a 2018 Model 3 in Delray Beach, Florida, in at least the third fatal U.S. crash reported involving the driver-assistance system, the National Transportation Safety Board said on Thursday.

Huawei ban clouds U.S.-China trade talks, tech sector

Fri, 05/17/2019 - 01:49
A U.S. bid to block China's Huawei Technologies from buying vital American technology threw into question sales from some of the largest tech companies and drew a sharp rebuke on Thursday from Beijing, which warned it could hurt trade talks.

Retail chiefs dismiss AI job threat, promise more training

Fri, 05/17/2019 - 01:40
Executives from major global retailers played down the threat to employment in stores from artificial intelligence and automation on Thursday and pledged more training to help staff adopt more high-value tasks as machines take over their work.

Factbox: U.S. executives warn consumers will pay for Trump's tariffs

Fri, 05/17/2019 - 00:34
Some executives from U.S. companies that sell clothing, food and other products warn that costs related to the latest round of tariffs on goods from China will be passed along to consumers in the form of higher prices.

Europe must maintain own course after U.S. blacklisting of Huawei: Germany

Fri, 05/17/2019 - 00:32
German Chancellor Angela Merkel and the powerful BDI industry association distanced themselves on Thursday from the U.S. government's decision to put Chinese telecom equipment giant Huawei Technologies on a blacklist.

Canada's Trudeau pledges 'consequences' for disinformation on online platforms

Fri, 05/17/2019 - 00:29
Canadian Prime Minister Justin Trudeau on Thursday promised that efforts to regulate social media in Canada would include "meaningful financial consequences" for online platforms that fail to counter disinformation.

U.S. commerce secretary says Huawei order effective Friday: interview

Fri, 05/17/2019 - 00:08
U.S. Commerce Secretary Wilbur Ross said on Thursday that an order blacklisting Chinese telecoms giant Huawei Technologies Co Ltd will go into effect on Friday.

China warns U.S. move against Huawei could hurt trade talks

Fri, 05/17/2019 - 00:07
The Trump administration's decision to sanction and potentially cripple Chinese telecoms giant Huawei Technologies Co Ltd garnered a sharp rebuke on Thursday from Beijing, which warned that the move could damage trade talks.

Huawei to challenge U.S. export sanction which it says will harm America

Fri, 05/17/2019 - 00:07
Huawei Technologies said on Thursday it will challenge a decision by the U.S. Commerce Department to add the Chinese company to a export blacklist, warning the decision "will do significant economic harm to the American companies with which Huawei does business."

Microsoft, Sony partner on streaming games, chips and AI

Fri, 05/17/2019 - 00:02
Microsoft Corp and Sony Corp on Thursday said they struck a strategic partnership in which Sony would use Microsoft's cloud for streaming games and media and the two would work together to develop new image sensors.

Huawei to seek remedies after being blacklisted by United States

Thu, 05/16/2019 - 23:52
Huawei said on Thursday that it would seek ways to resolve the issue after the U.S. Commerce department blacklisted the Chinese telecoms equipment maker the previous day.

Facebook says removes 265 'fake accounts' linked to Israel

Thu, 05/16/2019 - 23:44
Facebook said on Thursday it had removed 265 Facebook and Instagram accounts, pages, groups and events linked to Israel due to what it called "inauthentic behavior" targeting users in Southeast Asia, Latin America and Africa.

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