LONDON—French regulators on Thursday fined Google and Facebook a total of more than 200 million euros ($226 million) for not making it as easy for people to opt out of online tracking as it is for them to accept it. The CNIL data privacy watchdog said its investigations found that while the U.S. online giants…
Wall Street Opens Mixed as Tech Stocks Weakens, Banks Rally
Wall Street’s main indexes opened mixed on Thursday, with banking and energy shares leading gains, while interest rate-sensitive growth names remained under pressure from the Federal Reserve’s hawkish signals. The Dow Jones Industrial Average rose 1.94 points, or 0.01 percent, at the open to 36,409.05. The S&P 500 opened lower by 7.19 points, or 0.15…
Amazon Collaborates With Lockheed Martin, Cisco
Lockheed Martin Corp, Amazon.com Inc, and Cisco Systems Inc partnered to integrate unique human-machine interface technologies into NASA’s Orion spacecraft. It would provide an opportunity to learn how future astronauts could benefit from far-field voice technology, AI, and tablet-based video collaboration. The Callisto technology demonstration will be integrated into NASA’s Orion spacecraft for the agency’s Artemis I uncrewed mission…
Amazon and Stellantis Partner to Deploy Smarter Cars, Cleaner Vans
Amazon.com Inc and Stellantis NV said Wednesday they will collaborate to develop cars and trucks with Amazon software in the dashboards, and deploy electric vans made by Stellantis on Amazon’s delivery network. The agreements expand Amazon’s efforts to get a bigger foothold in the transportation industry, and could help Stellantis close the gap with Tesla…
Indian Court Halts Amazon, Future Arbitration in Blow to US Giant
NEW DELHI—A Delhi court has halted arbitration proceedings between Indian conglomerate Future Group and its estranged U.S. partner Amazon.com in light of the national antitrust agency’s suspension of a 2019 deal between the two sides. The decision on Wednesday is a setback for U.S. e-commerce giant Amazon, which had successfully used the terms of its…
German Watchdog Puts Google Under Closer Antitrust Scrutiny
January 5, 2022
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LONDON—Germany’s antitrust watchdog paved the way Wednesday for extra scrutiny of Google by designating it a company of “paramount significance,” the first to get that label since regulators got more power to curb abusive practices by big digital companies. The Bundeskartellamt said its decision comes after rules were introduced last year that allow it “to…
Venmo, PayPal Must Report Goods and Services Payments of $600 or Above to IRS
Third-party payment apps must report goods and services payments of $600 or above to Internal Revenue Service (IRS) starting from Jan. 1. The new rule will affect all main payment apps including PayPal, Venmo, Cash App, Zelle, Google Pay, etc. The amended reporting threshold is part of the American Rescue Plan (pdf) which was passed…
Dr. Robert Malone, After Twitter Ban, Has ‘No Choice but to Carry On’
January 5, 2022
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Dr. Robert Malone, a virologist and immunologist who has worked on the development of mRNA vaccines, reacted to recent bans handed down by Twitter and LinkedIn. “I felt compelled by my own ethics, that I needed to speak about what I was observing,” Malone told EpochTV’s “American Thought Leaders” program on Wednesday in reference to…
Wall Street Opens Lower on Tech Drag; Fed Minutes Eyed
Wall Street’s main indexes opened lower on Wednesday ahead of minutes from the Federal Reserve’s December meeting, as a rise in U.S. Treasury yields hit technology-heavy growth stocks. The Dow Jones Industrial Average fell 77.05 points, or 0.21 percent, at the open to 36,722.60. The S&P 500 opened lower by 5.55 points, or 0.12 percent,…
World Shares Mixed After Tech-Led Sell-Off on Wall Street
TOKYO—World shares were mixed on Wednesday after heavy selling of technology shares cast a chill over the cheerful start to 2022 on Wall Street. France’s CAC 40 was up less than 0.1 percent at 7,324.16 in early trading, while Germany’s DAX added 0.2 percent to 16,185.77. Britain’s FTSE 100 rose 0.2 percent to 7,516.63. The…
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