Biden sees work needed to address problems created by big tech firms -White House
U.S. President Joe Biden believes steps are needed to safeguard privacy, bolster innovation and deal with other problems created by big technology platforms, the White House said on Tuesday, signaling his support for legislation concerning Big Tech.
Amazon sees Prime Day sales boost amid supply chain snags
Amazon.com Inc’s (AMZN.O) Prime Day saw strong online sales growth in the United States on Monday even as supply chain snafus and a robust spending appetite limited the level of discounts on popular products like electronics.
Nasdaq ends at record high as Big Tech companies roar back
The Nasdaq ended at a record high on Tuesday, lifted by Amazon, Microsoft and other top-shelf tech companies as investors shifted their focus to growth stocks.
SpaceX’s Starlink expects it can provide global coverage around September
Starlink, the satellite internet unit of Elon Musk’s SpaceX, expects to be able to provide continuous global coverage by around September but will then need to seek regulatory approvals, its president Gwynne Shotwel said on Tuesday.
Morrisons leaps after rejecting $7.6 bln private equity bid
Morrisons (MRW.L) shares surged as much as 35% on Monday on hopes that U.S. private equity firm Clayton, Dubilier & Rice (CD&R) might raise its proposed offer for the British supermarket group or flush out other bidders.
Amazon, Apple most valuable brands but China’s rising – Kantar survey
Amazon (AMZN.O) and Apple (AAPL.O) are the world’s most valuable brands but Chinese brands are rising up the leaders list and are more valuable than Europe’s top brands, according to a global ranking by Kantar’s BrandZ.
Italy, hosting G20, will call for tougher ‘gig economy’ rules
Italy will call for tougher rules governing ‘gig economy’ workers when it hosts labour ministers of the world’s biggest economies in the Group of 20 next week.
Ferrari, Amazon’s AWS enter agreement on data
Ferrari (RACE.MI) and Amazon Web Services (AWS) have entered an agreement to make Amazon’s (AMZN.O) cloud computing unit the luxury carmaker’s cloud storage, machine learning, and artificial intelligence provider, AWS said on Friday.
Nasdaq closes up on tech stocks strength, as hawkish Fed limits S&P
Conviction in the strength of the economic recovery pushed investors into U.S. technology stocks on Thursday, driving the Nasdaq higher, although a post-Fed hangover left a subdued S&P nursing a very minor loss.
GameStop lures Amazon talent with grand plans and no frills
GameStop Corp (GME.N) Chairman Ryan Cohen made a point of doing away with corporate excess such as a company plane and used the allure of rebuilding the videogame retailer to recruit Amazon.com Inc’s (AMZN.O) Australia chief Matt Furlong as chief executive, according to people familiar with the process.
