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Service providers risk billions of dollars in penalties if they bring it back online
TikTok has been banned in the US until it is sold to a non- Chinese company. Companies will not face fines if TikTok is allowed to continue. Companies would likely have a strong due process defence given US President Donald Trump’s promises not to enforce the ban, reports said. If TikTok users supported the ban,…
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Microsoft will stop providing support for Windows 10 Office Apps in October
Microsoft has said it will be providing extended security updates to users of its Windows 10 operating system after its support ends on October 14. Businesses can purchase up to three years of extensions at a price of $30 per year for PC security updates. Consumers will be able to pay $30 for a year’s…
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travel delays and power outages persist as a winter storm ends in the South
Winter storm warnings were lifted in several states across the US on Saturday. Icy conditions and snowfall from winter storms are continuing to impact Southern states in the US, with flight cancellations and power outages. “Especially if the ice remains on trees into [Saturday],” Stellman said. “Because we are expecting winds…it could cause a power…
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TikTok is Unclear in the US and we need a Billionaire to save it
Ex-Los Angeles Dodgers owner Frank McCourt has said he’s received $20 billion in “informal commitments” from investors to purchase TikTok. McCourt has offered the app’s brand, user base, and existing content for $20 billion. He said he does not “need or want” the algorithm running TikTok’s For You page. McCourt added that people don’t know…
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The GeneralMotors cuts funding to its cruise program
General Motors CEO Mary Barra has said that self-driving car startup Cruise will be “reorganised and refocus” as part of the company’s effort to improve its autonomous driving systems. Barra added that the company will partner with Cruise on improving driver-assist systems. Barra said the move will help her make decisions on Cruise’s future, adding…
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The grocery megamerger is stopped by two courts
A US court has halted the $24.6-billion Kroger-Albers merger, calling it a “one-off” deal that would’ve led to “significant” market concentration. The judge said that Kroger and Albertsons didn’t do enough to win approval for the deal. The judge also said that the companies’ proposal to sell hundreds of their stores to C&S Wholesale Grocers…
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There are people fighting over the auction of Alex Jones’ stuff
A high-Sensitive Judge has denied Infowars’ claims that the sale of its business, X.com, was rigged and that The Onion teamed up with Sandy Hook victims’ families to bid for it. X.com’s lawyers argued that the website owns all X accounts so that those cannot be sold as assets belonging to Jones, Infowars or its…
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Taylor Swift’s tour made more than $2 billion in ticket sales
The Taylor Swift Eras Tour has become the first tour in history to make $1 billion in a year. The tour, which began in November 2018, made $1 billion last December, according to Pollstar. This week, Taylor’s production company confirmed that the tour’s total ticket sales for the first time, telling the New York Times…
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The speaker line-up at today’s dealbook summit is what to expect
Boeing CEO Dennis Muilenburg has said that he will step down from his position by the end of 2021. He will also be replaced by Jeff Leiden, who took over as Boeing’s CFO in August last year. “I’ve worked for Boeing for 30 years, so I know what this is like,” Muilenburg said.
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The chip is a full steam ahead according to the company
Silicon Valley-based chipmaker Qualcomm’s Chairman Patrick Moorhead said there is a debate as old as semiconductors, “Is it a design issue?” He added, “People are going to look for any type of smoke that can get in…the way of [Nvidia’s] dramatic growth.” Earlier this week, reports of overheating in Qualcomm’s H 100 chips emerged. However,…
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Boeing posted a $6 billion loss as striking workers voted on a new contract
Boeing’s union workers, who have been on strike since August 28, want to reinstate their pension plan. “When we lost our pensions, I cried,” said Kat Kinckiner, a union steward at the Renton plant where Boeing assembles the 737. The union wanted a 40% raise but Boeing has offered a 35% hike, an increase from…
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The internet company agreed to a deal for the next- generation of nuclear power plants
Amazon has partnered with US-based Kairos Power and NuScale Power to test the viability of their small modular nuclear Reactors (SMRs). “This agreement will allow us to explore the viability of developing SMRs for new power generation applications like datacenters,” Amazon said. The SMRs can generate 1,000 megawatts of electricity, enough to power up to…
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The robotaxis is ready to be rolled out
Tesla CEO Elon Musk in a recent interview said that the company is looking to enter the robo-taxi business. However, he did not specify the size of the company’s self-driving car division. Musk also said that Tesla was planning to build its own fleet of fully autonomous vehicles, adding, “You don’t have any hard-coded software…
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The developers of AlphaFold were given a chemistry prize for predictingProtein structures
Google DeepMind’s Senior VP and Director of Business Development, Amit Goel, said it was “appropriate” for Google DeepMind’s work to be nominated for the Nobel Prize in computer science. “It is appropriate that our work to be nominated for the prize for computer science,” Goel said. This comes after Google DeepMind named Goel for the…
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This is not the first time that Epic has sued, but it is the second time
Epic Systems CEO Tim Sweeney has said the company’s app store Auto Blocker is not anti-malicious compliance and it’s designed to prevent competition. “It’s not about reasonable measures to protect users…It’s about obstruction of competition,” Sweeney added. Earlier, Google and Samsung had announced that Samsung’s App Store would require users to download a 21-step process…
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The communities are trying to reduce food waste
Shuggie’s chefs share some simple ways to use leftovers in the fridge. It will take a lot of restaurants to do this work, and a lot of customers to do it, to make a difference in the food waste problem. Reducing food waste and greenhouse gasses is a huge climate solution if that shift happens.
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Oasis fans were enraged by the ticket bot leaving
The US Department of Justice has criticised ticketing platforms for using dynamic pricing to “unfairly” drive up ticket prices. The DOJ called the practice a “serious and widespread problem” and said that it “has the potential to result in serious harm to consumers”. It added that if the practice is not stopped, it will have…
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Ford said that hybrid cars are the future
Ford’s CFO John Lawler said that electric three-row SUV, hybrid technologies and multiple propulsion technologies are the best solution for customers. “The market is changing globally, with the Chinese at over capacity, and so it’s all going to come down to being nimble, having a low cost and multiple low-cost platforms,” he added. Ford’s new…
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X is involved in an antitrust lawsuit against advertisers
A group of advertisers has been accused of holding an “illegal boycott” against the World Federation of Advertisers (WFA) by holding billions of dollars in advertising revenue against it. The lawsuit stated that dozens of brands colluded to hide billions of dollars in advertising revenue from WFA. A separate post from Elon Musk encouraged companies…
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A consumer agency says that Amazon should recall unsafe products sold by independent sellers
Amazon has said it plans to appeal the US Consumer Product Safety Commission’s (CPSC) decision, which called Amazon a “distributor” and requires it to recall dangerous products. “We plan to present our case in court,” it added. The CPSC said Amazon must notify all affected customers of any dangerous products, provide them with public notice…
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The gig workers were victorious in the Prop 22 battle
Uber, Lyft and DoorDash have challenged the California Supreme Court ruling that said their drivers are workers instead of contractors. The ruling upheld a law that prohibited the app-based companies from forcing drivers to have minimum wages or health care. However, it noted that Uber, Lyft and DoorDash didn’t have to comply with the law…
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Bob Newhart gave us a glimpse into the ordinary
American comedian Bob Newhart, who is best known for his starring role in the sitcom ‘Newhart’, recently celebrated 30 years of his comedy career. In a video, Newhart can be seen performing some of his earliest stand-up routines. “Standing here is a long way from…accounting department at the Glidden company,” he said.
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Is there a future for the economy?
A 50-acre ranch located in the George Washington and Jefferson National Forests has been named ‘Ranch’. The property is owned by a local businessman who claims that it is designed to house up to 100 people and is made of Particles, Shocks and Exploding Nuggets. The property includes two dormitories, a bunker and underground living…
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There is a threat to the AT&T phone records
AT&T has revealed that hackers accessed “nearly all” its customer’s data, including phone and text records, on third-party cloud service Snowflake. It said that Snowflake has been linked to several recent data thefts, including those of Ticketmaster, Santander bank and LendingTree’s QuoteWizard. AT&T is the latest company to be hit by Snowflake attack, which has…