Tag: Media & Big Tech

Google Announces Pixel 6 Phone With New Chip, Subscription Service

October 21, 2021
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Alphabet Inc.’s Google on Tuesday announced the newest iteration of its smartphone—Pixel 6 and Pixel 6 Pro—which will be powered by the company’s first chip called Tensor. The tech giant also launched Pixel Pass, a subscription service starting at $45 per month for U.S. customers that will include the Pixel 6 and access to the…

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Swiss Court Rejects Google Appeal Over Cloud Contract

October 20, 2021
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ZURICH—A Swiss court has dismissed Google’s bid to block the award of a government cloud computing contract worth up to 110 million Swiss francs ($119 million) to rival bidders. “In an interim decision, the Federal Administrative Court rejects Google’s request to grant suspensive effect to its appeal. The Federal Office for Buildings and Logistics may…

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Futures Flat on Worries Over Supply Chain Disruptions; Netflix Falls

October 20, 2021
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U.S. stock index futures were flat on Wednesday as investors weighed the impact of supply chain constraints and inflation on corporate earnings, while Netflix shares remained sluggish after its quarterly report. Netflix’s global sensation “Squid Game” helped lure more customers than expected, the world’s largest streaming service said as it predicted a packed lineup would…

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Shares Gain on Earnings Optimism

October 20, 2021
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LONDON/TOKYO—Shares from Asia to Europe gained on Wednesday on rising optimism about the global economy and corporate earnings, while government bond yields rose and the yen fell to its lowest in four years against the dollar. The regional Euro STOXX 600 traded up 0.1 percent after opening in negative territory, amid a somewhat mixed picture…

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Wall Street Ends Higher as Investors Bet on Positive Earnings Season

October 20, 2021
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U.S. stock indexes closed higher on Tuesday with the biggest boosts from the technology and healthcare sectors as investors appeared to bet on solid quarterly reports even as some worried that it was too early to celebrate. In its fifth straight session of gains, the benchmark S&P 500 index finished just 0.4 percent below its…

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Facebook to Pay up to $14.25 Million to Settle Employment Discrimination Claims

October 20, 2021
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WASHINGTON—Facebook has agreed to pay up to $14.25 million to settle civil claims by the federal government that the social media company discriminated against American workers and violated federal recruitment rules, officials said on Tuesday. The two related settlements were announced by the Justice Department and Labor Department and confirmed by Facebook. The Justice Department…

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Senators Introduce Bill Aimed at Controlling Big Tech and Restoring Competition

October 19, 2021
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A dozen Republican and Democratic senators on Oct. 18 introduced a bill aimed at stopping Big Tech from limiting consumer choice and restoring competition online. Sen. John Kennedy (R-La.) joined Sens. Amy Klobuchar (D-Minn.) and Chuck Grassley (R-Iowa) in introducing the bill, known as the American Innovation and Choice Online Act. It is cosponsored by Sens. Dick Durbin (D-Ill.),…

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Wall Street Rises as Earnings Whip Up Risk Appetite

October 19, 2021
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U.S. stock indexes rose on Tuesday as upbeat results from Johnson & Johnson and Travelers fired up risk appetite, after big banks kicked off the third-quarter reporting period on a positive note last week. The benchmark S&P 500 index is now less than 1 percent away from a record high hit in early September, with…

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Futures Rise as Upbeat Earnings Boost Risk Appetite

October 19, 2021
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U.S. stock index futures rose on Tuesday as an upbeat profit forecast from Johnson & Johnson added to the positive momentum in corporate earnings generated by big banks last week. Johnson & Johnson’s shares rose 1.7 percent after it raised its 2021 adjusted profit forecast, even as it stuck to its outlook of $2.5 billion…

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European Stocks Inch Up as Tech, Mining Shares Offset Losses in Ericsson

October 19, 2021
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Europe’s main stock index edged higher on Tuesday as gains in mining and technology shares helped offset losses in Sweden’s Ericsson, which reported a hit from global supply chain problems. The pan-European STOXX 600 rose 0.2 percent, with miners, utilities, and technology stocks leading morning gains. Technology shares were also behind a rise in main…

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