(Bloomberg) — It’s “better to ask for forgiveness than permission” when it comes to complying with the law, the billionaire founder of the Binance cryptocurrency exchange once told his team, according to the US government. Most Read from Bloomberg On Tuesday it was time for Changpeng “CZ” Zhao to ask for forgiveness, yet prosecutors weren’t […]
WASHINGTON (AP) — Twenty-three million families in the U.S. will have bigger internet bills starting in May. That’s because a federal broadband subsidy program they’re enrolled in is nearly out of money. Dozens of people joined Biden administration officials, advocates and U.S. Sen. Peter Welch, a Democrat from Vermont, at a Washington public library on […]
(Bloomberg) — Amazon.com Inc.’s “show-me” moment will arrive on Tuesday when its earnings become the latest litmus test on appetite for heavy artificial intelligence spending. Most Read from Bloomberg The message so far from investors: shares of firms that demonstrate progress in monetizing AI will be rewarded, while firms that don’t will see their stock […]
(Reuters) – Canadian energy company Enbridge has retained a joint venture partnership between Barnard Construction Company, Inc. and Civil and Building North America, Inc (CBNA). to construct the Great Lakes Tunnel in the Straits of Mackinac, the company said in a statement on Tuesday. The Great Lakes Tunnel will link Michigan’s peninsulas, providing a secure […]
(Bloomberg) — Intel Corp. shares are on pace to close out April down more than 30%, their worst month in over 20 years, as the chipmaker continues to struggle with executing a turnaround. Most Read from Bloomberg The stock was down 1.7% at mid-session on Tuesday, putting it on pace for its worst monthly drop […]
(Bloomberg) — PayPal Holdings Inc.’s payment volume climbed 14% in the first quarter on increased consumer spending globally, giving a boost to the firm’s shares in early trading. Most Read from Bloomberg Total payment volume was $403.9 billion in the first quarter, PayPal said in a statement Tuesday, topping analysts’ estimates of $392.9 million. For […]
(Bloomberg) — Perficient Inc. is considering a potential sale, people familiar with the matter said. Most Read from Bloomberg The US-listed technology consultant is working with advisers to explore strategic options and gauge buyer interest, according to the people. It’s likely to attract interest from both private equity firms and industry players, they said. Shares […]
(Bloomberg) — Amazon.com Inc.’s “show-me” moment will arrive on Tuesday when its earnings become the latest litmus test on appetite for heavy artificial intelligence spending. Most Read from Bloomberg The message so far from investors: shares of firms that demonstrate progress in monetizing AI will be rewarded, while firms that don’t will see their stock […]
Entrepreneurs Al Yang and Adar Arnon met at Harvard Business School and quickly realized that they had an interest in common: cybersecurity. “We’ve witnessed an evolving business climate that brought along with it an unprecedented need for improved security processes,” Arnon told TechCrunch. “Security’s importance has increased exponentially … [it’s] non-negotiable for technology buyers.” Yang […]
(Bloomberg) — A trio of US senators asked the federal government’s lead cybersecurity agency to explain its response to a February ransomware attack on an insurance company that paralyzed much of the country’s health-care system. Most Read from Bloomberg The group, led by Senator Elizabeth Warren, a Massachusetts Democrat, on Monday asked the US Cybersecurity […]
(Bloomberg) — TikTok reported that more than 500,000 merchants were selling to US users on its app at the end of 2023, more than double the number from three months earlier, as the video service stepped up its e-commerce effort. Most Read from Bloomberg Worldwide, TikTok’s e-commerce platform had more than 15 million sellers in […]
(Bloomberg) — Meta Platforms Inc.’s social media platforms Facebook and Instagram are under investigation from the European Union amid concerns they’re failing to cull targeted disinformation peddled by Russia that aims to sow discord on the continent. Most Read from Bloomberg The probe targets the so-called Doppelganger campaign — a pro-Kremlin operation, according to people […]
