Tag: Tech

Ford, Rivian Dump Plans to Jointly Develop a Ford Electric Vehicle

November 20, 2021
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Ford Motor Co. and Rivian Automotive Inc. have dropped plans to jointly develop an electric vehicle, Ford confirmed on Friday. “We respect Rivian and have had extensive exploratory discussions with them,” a spokesperson told Reuters. “However, both sides have agreed not to pursue any kind of joint vehicle development or platform sharing.” Ford owns about…

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Bi-partisan Tech Bill to Protect US Interests Stalls in the House

November 20, 2021
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A comprehensive bill to boost American science and technology⁠ to compete with China’s growing economic power and global influence, particularly regarding semiconductors capacity, has been stalled in the House of Representatives, after being passed by the Senate in June. As a result, proponents are looking for alternatives to turn it into legislation. The U.S. Innovation…

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Tesla App Coming Back Online After Server Outage, Musk Says

November 20, 2021
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Tesla Inc. chief Elon Musk said on Friday that the company’s mobile application was coming back online after an app server outage earlier prevented many owners from connecting to their cars. Musk was responding to a Tesla owner’s tweet, who said that he was experiencing a “500 server error” to connect his Model 3 through…

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Nasdaq Ends Atop 16,000 Mark for the First Time on Tech Strength

November 20, 2021
Business & EconomyBusinesses in COVID-19CompaniesEconomieseconomyGold & CommoditiesInvestmentLocal NewsMarket WatchMarketsMedia & Big TechNASDAQNew YorkNY NewsRegional-Local NewsstocksTechUSUS NewsUSA
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The Nasdaq Composite Index closed above 16,000 points for the first time on Friday, in its second-straight record finish powered by technology stocks, while pandemic jitters sent the Dow to its fourth losing session in the last five. Both the Nasdaq and S&P 500 index scored a winning week, up 1.2 percent and 0.3 percent…

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Google Signs 5-year Deal to Pay for News From AFP

November 20, 2021
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OAKLAND, Calif.—Alphabet Inc.’s Google will begin paying Agence France-Presse (AFP) for its news content as part of broad five-year partnership announced Wednesday that marks one of the biggest licensing deals struck by a tech giant under a new French law. News organizations, which have been losing ad revenue to online aggregators such as Google and…

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S&P and Twitter Team on Stock Index Based on Tweet Sentiment

November 19, 2021
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S&P Dow Jones Indices has teamed with Twitter on a new endeavor that will monitor tweets to score how social media denizens feel about publicly traded companies. What Happened The new S&P 500 Twitter Sentiment Index Series consists of two indices: The S&P 500 Twitter Sentiment Index, which measures the performance of 200 S&P 500…

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State Attorneys General Probing Instagram’s Effects on Kids

November 19, 2021
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A group of state attorneys general are investigating the photo-sharing platform Instagram and its effects on children and young adults, saying its parent company Facebook—now called Meta Platforms—ignored internal research about the physical and mental health dangers it posed to young people. The investigation is led by a bipartisan coalition of attorneys general from California,…

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India Rocked by Pegasus Spyware Accusations Against Government

November 19, 2021
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India’s Supreme Court decision to investigate the allegations of “unlawful” and “unauthorized” surveillance of its citizens using Israeli spyware has Prime Minister Narendra Modi’s government under fire. According to the court order, it’s alleged that the Pegasus spyware—created by Israeli technology firm NSO Group—was used to hack hundreds of phones in India, including those owned…

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Facebook Comes Under Scanner for False Climate Ads

November 19, 2021
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Facebook rebranded Meta Platforms Inc. advertisers promoted false and misleading claims about climate change on the platform in recent weeks, just as the COP26 conference was getting underway, Reuters reports. The conservative media network Newsmax ran an ad on Facebook that called the man-made global warming a “hoax.” The ad, which had multiple versions, garnered…

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Nasdaq Futures at Record High as Economic Concerns Drive Tech Demand

November 19, 2021
Business & EconomyBusinesses in COVID-19Companiesconcernscongressdemandeconomiceconomic policiesEconomieseconomyEuropefuturesGold & CommoditiesinflationInternationalInvestmentLocal NewsMarket WatchMarketsMedia & Big TechNASDAQNew YorkNY NewsPoliticsRegional-Local NewsTechUSUS NewsWorld
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Nasdaq index futures hit a record high on Friday as investors sought economically stable sectors after a small delay in voting on President Joe Biden’s $1.75 trillion spending bill, while rising COVID-19 cases in Europe also dented sentiment. S&P and Dow futures fell tracking losses in banks, airlines, and other economically sensitive sectors. Uncertainty over…

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