Posts filtered by tags: Bloomberg[x]


 

'Most Americans now know someone who has been infected with COVID-19'

“The U.S. has reached a landmark of sorts in its so far not very successful battle with the virus that causes Covid-19 — most Americans now know someone who has been infected,” writes Justin Fox at Bloomberg, about coronavirus social data from Navigator Research, shown above. From Navigator Research: Key takeaways: • Trump’s approval ratings on handling the pandemic remain deeply underwater. • For the first time since the pandemic began, a majority of Americans know someone who has been i...
Tags: Post, New York, Science, News, China, Bloomberg, US news, Public Health, Italy, Trump, Continental Europe, Justin Fox, Coronavirus, COVID-19, Covid19, Navigator Research


Tim Cook Hits Billionaire Status With Apple Nearing $2 Trillion

Apple CEO Tim Cook's personal net worth has recently crossed the $1 billion mark as the company nears a $2 trillion market value, reports Bloomberg. From the report: It was valued at about $350 billion when Jobs died. Cook, meantime, has joined one of the most elite clubs for CEOs who didn't actually found the companies they run: his net worth has eclipsed $1 billion, according to calculations by the Bloomberg Billionaires Index. Cook's net worth estimate is based on an analysis of regulatory fi...
Tags: Apple, Cook, Tech, Bloomberg, Tim Cook, Bloomberg Billionaires Index Cook


A California judge ruled that Uber and Lyft have to classify their drivers as employees, not contractors (UBER, LYFT)

Uber and Lyft will have to treat their California drivers as employees rather than independent contractors, a judge ruled Monday. The two companies were sued by the California attorney general to enforce a new labor law passed earlier this year by the state that requires gig workers to receive the same benefits and treatment as full-time employees. Uber and Lyft both plan to appeal Monday's ruling. The companies have argued that reclassifying drivers as employees could wreak havoc on their bus...
Tags: Lyft, California, Trends, Bloomberg, New York Times, Business Insider, San Francisco Superior Court, Uber Lyft, Uber and Lyft, Dara Khosrowshahi, Khosrowshahi, An Uber, Rideshare Drivers United, Mekela Edwards, Ethan Schulman, We Drive Progress


How old 14 of the world's richest people were when they first became billionaires

Not all billionaires join the three comma club at the same age. Bill Gates may be richer than Mark Zuckerberg, but the Facebook CEO became a billionaire when he was nearly a decade younger. Oprah Winfrey became a billionaire at age 49. Visit Business Insider's homepage for more stories. When Bill Gates became a billionaire in 1987 at 31, he was the youngest person to ever join the three comma club. In 2008, Mark Zuckerberg took that title when he reached billionaire status at 23.  But not all...
Tags: Google, Amazon, Facebook, Mark Zuckerberg, Spacex, Microsoft, Ebay, Disney, Dallas Mavericks, America, Trends, Tesla, Bloomberg, Paypal, Snapchat, Larry Page


What should we make of a "significant decline" in white-collar criminal enforcement during the Trump Administration?

The question in the title of this post is prompted by this new Bloomberg article, headlined "Trump Oversees All-Time Low in White Collar Crime Enforcement," which I find puzzling in many ways.  Here are excerpts: Donald Trump calls himself the “law and order” president, but when it comes to white collar crime, he has overseen a significant decline in enforcement.  The prosecution of securities fraud, antitrust violations and other such crimes has hit a record low as the pandemic slows the court...
Tags: Coffee, New York, Law, Obama, Barack Obama, Bloomberg, Donald Trump, Doj, Columbia Law School, Justice Department, Irs, Sally Yates, Trump, Carr, Matt Lloyd, Internal Revenue Service


Top NYC office landlord Vornado, which just inked a huge deal with Facebook, is deploying facial-recognition tech across its entire portfolio. Here's how it works and what happens with the data.

Vornado Realty Trust began installing facial recognition systems in buildings it owns in New York City five years ago.  The company, one of the city's largest commercial landlords with 19 million square feet across 35 buildings, recently expanded its use of the tech to 11 buildings and plans to roll it out across its entire portfolio. The coronavirus pandemic has prompted landlords to scramble to create seamless and touchless methods for tenants to pass through lobby security and dispatch elev...
Tags: Amazon, Facebook, New York, China, New York City, Americas, Trends, Bloomberg, Manhattan, Midtown, Signal, Silva, Amazon Facebook, Vornado, Vornado Realty Trust, Greenbaum


Apple CEO Tim Cook's Net Worth Exceeds $1 Billion as Apple's Stock Soars

Apple CEO Tim Cook's net worth has climbed to over $1 billion, according to calculations by Bloomberg's Billionaires Index. At a net worth of $1 billion, Cook doesn't rank on the chart of the world's 500 richest people, a list topped by Amazon CEO Jeff Bezos and former Microsoft CEO Bill Gates. According to Bloomberg, Cook's net worth was calculated using regulatory filings and market performance. When former Apple CEO Steve Jobs died in 2011, Apple was valued at approximately $350 billion, ...
Tags: Apple, Amazon, Cook, Microsoft, Steve Jobs, Bloomberg, Tim Cook, Jeff Bezos, Bloomberg Cook


The Station: Uber eats rides, the next micromobility trend, Levandowksi’s day in court

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hello and welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. A series of recent and upcoming vehicle reveals have provided yet another reminder of how automakers are doubling down on tech. This isn’t just about the shift away from knobs and buttons and to...
Tags: Google, Lyft, Uber, Europe, California, Washington, China, New York City, Los Angeles, Tech, Tesla, Bloomberg, Automotive, United States, Ford, Electric Vehicles


Facebook is reportedly expanding its banking ambitions with a new division that will run all of the tech giant's payment projects, including Facebook Pay (FB)

Facebook is kicking off a new internal group that will oversee all of the company's payment projects, including Facebook Pay. According to a Bloomberg report, the new program will be called Facebook Financial, or F2, and will be run by David Marcus, the cocreator of the firm's Libra cryptocurrency project. The new group is one of the company's latest efforts as part of its broader foray into commerce and finance. Visit Business Insider's homepage for more stories. Facebook is launching a new ...
Tags: Facebook, Mark Zuckerberg, India, Trends, Bloomberg, David Marcus, Brazil, Libra, Facebook s Messenger, Facebook WhatsApp Instagram, Facebook Marcus, Facebook Pay FB, Facebook Financial


ByteDance valuation under huge pressure as TikTok sale nears

As it reached an estimated valuation of $100 billion this year, TikTok’s parent company ByteDance solidified its status as the most valuable startup in private markets. Its success outside China has also become a source of envy and inspiration among its local peers. Now, the company’s price tag is under tremendous pressure as it’s set to shed its priced asset TikTok, several investors told TechCrunch. ByteDance last year generated 120 billion yuan ($17.2 billion) in revenue, said an invest...
Tags: Asia, China, India, Tech, Bloomberg, Tencent, Weibo, Reuters, Toutiao, Kuaishou, Zhang Yiming, Bytedance, Douyin, Tiktok, TechCrunch ByteDance, TikTok Douyin


Patently-O Bits and Bytes by Juvan Bonni

Recent Headlines in the IP World: Ian Lopez: Black IP Lawyers Who’ve Made It Look to Grow Ranks Beyond 1.7% (Source: Bloomberg Law) Sarah Perez: Triller Sues TikTok Over Patent Infringement (Source: Tech Crunch) David Phelan: Apple Watch Series 6: Patent Reveals 1 Game-Changing Hardware Upgrade (Source: Forbes) Alan Cote: Patent Watch: Yamaha Applies for Patent on Dedicated E-Bike Frame (Source: Bicycle Retailer) Source: FPO Commentary and Journal Articles: Robin Mitchell: How Can Pat...
Tags: Law, Bloomberg, Patent, Yamaha, Sarah Perez, Carl Shapiro, David Phelan, Ian Lopez, Mark A Lemley, Bits and Bytes, Juvan Bonni, Forbes Alan Cote, Robin Mitchell, Electropages Prof Jorge L Contreras


Some Cities are Combining Basic Incomes with Local Currenices

Bloomberg looks at some interesting local currency programs that have been implemented around the world. And in at least one case money "is literally being made from trees" — the wooden dollars being printed in a small city in the northwest U.S. and distributed to the needy in monthly stipends. "We preach localism and investing in our local community," says mayor Wayne Fournier, "and the idea with this scheme is that we'll stand together as a community and provide relief to individuals that ne...
Tags: England, California, Montana, Tech, Bloomberg, Arizona, Brazil, Rio De Janeiro, Hull, Marić, Tenino, Wayne Fournier, Mumbuca, Eduardo Diniz, Paulo School of Business Administration


Penguin Poop Seen From Space Leads To Discovery of New Colonies

Satellite-mapping technology "that detects stains on the ice from penguin droppings" has revealed there are more Emperor colonies than previously known in fast-warming Antarctica, reports Bloomberg: Eleven new colonies of the species were found, taking the census to 61 across the polar continent, according to a study by scientists at the British Antarctic Survey published Wednesday. The scientists used images from Europe's Copernicus Sentinel-2 mission to locate the flightless birds. "This is an...
Tags: Europe, Tech, Bloomberg, Antarctica, Bas, British Antarctic Survey, Phil Trathan, Peter Fretwell


Oil Giant Aramco Sticks With Dividend Even as Profit Crashes - Bloomberg

Oil Giant Aramco Sticks With Dividend Even as Profit Crashes - Bloomberg:Saudi Arabia’s state-controlled oil giant pressed ahead with a plan to pay $75 billion in dividends this year despite crashing profit and a surge in debt, as the kingdom battles a widening budget deficit.Saudi Aramco, which Apple Inc. recently dethroned as the world’s most valuable listed company, said net income in the three months ending in June was 24.6 billion riyals ($6.6 billion), down 73% from a year earlier, accordi...
Tags: Travel, Saudi Arabia, Bloomberg, Apple Inc, Aramco, Saudi Aramco, Rupert Neil Bumfrey, Amin Nasser


Now is the worst time to buy a new Apple Watch (AAPL)

  Apple is probably on the verge of releasing a new Apple Watch, which means it's best to hold off on buying a new one right now. Even if you're not interested in the next model, expected to be called the Apple Watch Series 6, Apple usually discounts older versions after launching its newest watch. The next model is expected to come with more sleep-tracking features, better water resistance, and the ability to measure blood oxygen levels.  Visit Business Insider's homepage for more stories an...
Tags: Apple, Trends, Bloomberg, Apple Watch, Apple Watch AAPL, TF International Securities, Ming Chi Kuo You


Trump Blew Up More Than Just TikTok and WeChat

An anonymous reader quotes a report from Bloomberg: U.S. President Donald Trump's decision to ban dealings with ByteDance, owner of video-sharing sensation TikTok, appears to codify what his administration has already been warning. A second edict targeting messaging app WeChat and its parent, Tencent, seems weirdly overdue. The executive orders issued by the White House go beyond stopping average Americans from becoming unwitting spies for the Communist Party through their postings and data. The...
Tags: Apple, Google, White House, China, Tech, Bloomberg, Beijing, Tencent, Donald Trump, Trump, Communist Party, Tiktok


NRA Hits Back with Federal Suit v. James; Anti-2A Groups Exploit Lawsuits

The NRA Headquarters building U.S.A. –-(AmmoLand.com)- Asserting that New York State Attorney General Letitia James’s lawsuit seeking to dissolve the National Rifle Association is “motivated and substantially caused by her hostility toward the NRA’s political advocacy,” the association has filed a countersuit in federal court and is asking for a jury trial. The lawsuit was filed by attorney William A. Brewer III of New York in U.S. District Court for the Northern District of New York in Alban...
Tags: New York, Guns, Congress, Washington, New York City, US, America, Bloomberg, Fox News, Seattle, Andrew Cuomo, District Of Columbia, Michael Bloomberg, Albany, James, Cuomo


Inside the rise of TikTok, the viral video-sharing app wildly popular with teens and loathed by the Trump administration

TikTok, the short-form video app, has become one of the most popular social platforms among Generation Z. It has , and 100 million users in the US alone. However, the future of TikTok's presence in the US is uncertain: The Trump administration is threatening to ban the app, citing national security risks over its ties to China through its parent company, ByteDance. Trump says he'll ban the app if an American company doesn't buy TikTok's US operations by mid-September. He escalated his attack ...
Tags: Facebook, Hong Kong, Microsoft, Australia, La, China, Singapore, India, Disney, US, Los Angeles, Trends, Linkedin, Bloomberg, Beijing, United States


President Trump is trying to ban WeChat, the wildly popular messaging app that people in China can't live without. Here's everything to know about the app.

President Trump has issued a new executive order targeting WeChat, the widely-used messaging app that drives daily life in China. The order, citing security concerns, would go into effect in 45 days. WeChat is the cornerstone of daily interactions and transactions in China, as it's used for everything from mobile payments to ride-hailing and playing games. But reports have also uncovered how the app has been used to censor and surveil people both inside and outside of China.  Visit Business In...
Tags: Apple, Facebook, Hong Kong, China, US, Toronto, Trends, Bloomberg, Bbc, United States, Tencent, Chinese communist party, Wall Street Journal, Trump, Tiananmen Square, United States Trump


Tencent and its hyper-popular messaging app WeChat have become Trump's latest target. Here's how the company became a $69 billion behemoth that has a stake in everything from 'Fortnite' to Hollywood blockbusters. (TCEHY)

An executive order issued Thursday night by President Donald Trump bars US companies and individuals from making any transaction with WeChat, a social media app owned by Chinese giant Tencent.  Tencent isn't a household name in the US, but it's one of the most valuable companies in the world and has a stake in everything from blockbuster films to gaming.  In fact, Tencent is the biggest video game company in the world. It owns US game studio Riot Game and has a substantial stake in Epic Games,...
Tags: Facebook, Asia, Hollywood, China, Softbank, US, Los Angeles, Trends, Bloomberg, Ben Thompson, Facebook Messenger, Tencent, WeChat, Nba, Berkshire Hathaway, National Basketball Association


Two Adidas Holders Raise Questions on New Board Chief, Diversity - Bloomberg

Two Adidas Holders Raise Questions on New Board Chief, Diversity   Bloomberg
Tags: Seo, Bloomberg


Morning Docket: 08.07.20

* President Trump's former attorney Michael Cohen apparently has a job offer to be a political consultant after he is released from jail. Seems like he landed on his feet after being disbarred. [SF Gate] * A federal court has dismissed a lawsuit aimed at tossing the new proxy voting system adopted by the House of Representative amid COVID-19 concerns. [USA Today] * Simon Property Group, one of the nation's largest shopping center landlords, has filed claims against the Gap for allegedly "tak...
Tags: New York, Law, Bloomberg, House, New York Times, Will Smith, Usa Today, Trump, Nra, Michael Cohen, National Rifle Association, Simon Property Group, Morning Docket, New York Attorney General, The gap, President Trump


Asian Refiners to Ask for Less Crude After Saudi Cut Underwhelms - Bloomberg

Asian Refiners to Ask for Less Crude After Saudi Cut Underwhelms - Bloomberg:Several Asian refiners struggling with weakening demand will ask Saudi Arabia for less crude next month after the kingdom cut official selling prices by a smaller amount than the processors had been hoping for.At least three buyers are planning to request less oil from Saudi Aramco for September, according to company officials with knowledge of their crude procurement. Three others expressed disappointment at the size o...
Tags: Travel, Saudi Arabia, China, India, Bloomberg, Sinopec, Saudi Aramco, Rupert Neil Bumfrey


Trump's vaguely-worded executive order targeting Tencent initially wiped $45 billion off its value

Tencent's stock fell as much as 10% after Trump issued a vaguely-worded executive order banning US individuals and companies from doing business with its chat app WeChat. A second order targeted TikTok owner ByteDance. It was initially clear whether the order targeted Tencent's entire business. Tencent has a big presence in gaming, with stakes in Epic Games, Activision/Blizzard, and Ubisoft. Tencent's stock recovered slightly after a White House official clarified the order only applied to WeC...
Tags: White House, US, Trends, Bloomberg, United States, Tencent, Ubisoft, Trump, Tencent Holdings Ltd, China Tencent, Ubisoft Tencent


Iraq Commits to Deep Oil Cuts as OPEC+ Ramps Up Pressure - Bloomberg

Iraq Commits to Deep Oil Cuts as OPEC+ Ramps Up Pressure - Bloomberg:Iraq made its strongest commitment yet to implement deep cuts in crude production after the country’s oil minister and his Saudi counterpart held a phone call Thursday.OPEC’s second-biggest producer -- and a long-time laggard in meeting oil-output quotas -- has faced mounting pressure to boost its compliance as the group’s patience wears thin. The country failed to meet its production-cut target in May and June, and removed jus...
Tags: Travel, Iraq, Opec, Bloomberg, Baghdad, Rupert Neil Bumfrey, Abdulaziz bin Salman, Saudi Energy, Ihsan Abdul Jabbar


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Friday. Sign up here to get this email in your inbox every morning. Trump issued two executive orders aimed at Chinese-owned apps, barring US companies from doing business with TikTok parent company ByteDance and messaging app WeChat. The order, which is set to go into effect in 45 days, claims TikTok "continues to threaten the national security, foreign policy, and economy of the United States." Mark Zuckerberg tells Facebook employees...
Tags: Apple, Google, Facebook, Mark Zuckerberg, UK, Microsoft, China, US, Trends, Bloomberg, United States, Ireland, Bill Gates, Jeff Bezos, Alexa, Pixel


Facebook CEO Mark Zuckerberg's net worth just ballooned above $100 billion for the first time ever

Facebook CEO Mark Zuckerberg's net worth just passed the $100 billion mark. Zuckerberg, Amazon CEO Jeff Bezos, and Microsoft cofounder Bill Gates are now the only three people in the world to be worth at least $100 billion, per Bloomberg. The executive's ballooned fortune comes as Facebook unveils its Instagram Reels, a TikTok-like feature in the app, and as Facebook has experienced a booming stock price during the pandemic. Visit Business Insider's homepage for more stories. Facebook CEO Mar...
Tags: Google, Amazon, Facebook, Mark Zuckerberg, Microsoft, Congress, Trends, Bloomberg, Bill Gates, Jeff Bezos, Donald Trump, Zuckerberg, Amazon Apple, Zuckerberg Amazon


Irvine-based Karma Automotive accused of stealing rival’s plans

By Gabrielle Coppola | Bloomberg Irvine-based Karma Automotive is being accused of stealing vehicle plans from a U.S. company with which it discussed a joint venture. Michigan-based VLF Automotive, a niche carmaker co-founded by former General Motors Co. executive Bob Lutz, filed suit against Karma in California Superior Court in June. VLF claims it shared its plans for a “luxury Humvee” with Karma last fall as part of a proposed partnership to produce the vehicle for the Chinese market, only to...
Tags: Business, China, Tesla, Bloomberg, Sport, Karma, Soccer, Michigan, Henrik Fisker, Automakers, Bob Lutz, Fisker, VLF, Boeing Co, General Motors Co, Aston Martin DB9


Hackers say ‘jackpotting’ flaws tricked popular ATMs into spitting out cash

In 2010, the late Barnaby Jack, a world-renowned security researcher, hacked an ATM live on stage at the Black Hat conference by tricking the cash dispenser into spitting out a stream of dollar bills. The technique was appropriately named “jackpotting.” A decade on from Jack’s blockbuster demo, security researchers are presenting two new vulnerabilities in Nautilus ATMs, albeit virtually, thanks to the coronavirus pandemic. Security researchers Brenda So and Trey Keown at New York-based secur...
Tags: Security, Europe, New York, Technology, Microsoft, Tech, Bloomberg, Banking, Vulnerability, United States, Hacking, Computing, Hacker, Financial Services, Jack, Science and Technology


#Saudi Chemical Maker Sabic Expects Recovery Following Loss - Bloomberg

Saudi Chemical Maker Sabic Expects Recovery Following Loss - Bloomberg:Saudi Basic Industries Corp., the chemical maker in which Saudi Arabia’s state oil giant holds a majority stake, sees a better second half after posting its biggest quarterly loss in at least a decade.The coronavirus pandemic has throttled global demand this year, with widespread lockdowns curbing consumption of plastics, cosmetics and other products made with petrochemicals. But there are signs of recovery already in the sec...
Tags: Travel, Saudi Arabia, Opec, Bloomberg, SABIC, Saudi Basic Industries Corp, Rupert Neil Bumfrey, Al Benyan, Yusef Al Benyan