A number of U.K.-based tech workers are choosing not to accept or pursue jobs at TikTok over fears that the company has an intense work culture with long and demanding hours. Six people in the industry told CNBC they either pulled out of interviews, turned down job offers, or left the company after learning that […] Read more
Apple released iOS 14.5, its big new software update for iPhones, on Monday. The update adds a lot of new features, such as updates to Siri, Podcasts, Apple News and support for the latest game console controllers. But the one that’s been grabbing headlines is Apple’s new privacy change, which gives users more transparency and control […] Read more
U.S. stock futures were flat in overnight trading on Monday as investors prepare for the next batch of corporate earnings. Dow futures rose 35 points. S&P 500 futures gained 0.04% and Nasdaq 100 futures were flat. The major averages fell on Monday, dragged down by overall weakness in the technology sector. The Dow Jones Industrial Average […] Read more
Keith Gill, the Reddit trading crowd’s favorite and the man who inspired the epic GameStop short squeeze,, just doubled down on his bet on the video game retailer, forgoing millions of dollars in quick profit to ramp up his stake. The investor, who goes by DeepF——Value on Reddit and Roaring Kitty on YouTube, exercised his 500 GameStop […] Read more
Turkey’s Monetary Policy Committee on Thursday chose to keep its key interest rate unchanged at 19%, in a move widely anticipated by markets. While unsurprising to investors watching the central bank, the dovish signal nonetheless risks more volatility for the country’s currency as it all but eviscerates the likelihood of higher rates in the future […] Read more
Twenty years ago, the United States government filed suit against Microsoft for abusing its market power. Today, Microsoft is empire building because the country’s regulatory focus is on its biggest rivals. Microsoft announced Monday it had acquired Nuance Communications for $16 billion ($19.7 billion including net debt). The deal gives Microsoft a company that specializes in voice transcription and related artificial intelligence […] Read more
The company behind the Nokia mobile brand refreshed its smartphone lineup on Thursday with a slew of new budget models, as it struggles to compete with established players like Samsung and Apple. Finnish start-up HMD Global has held the license to design and sell Nokia handsets since it bought the telecom group’s mobile phone division from Microsoft in 2016. The firm has […] Read more
The Ever Given, the massive container ship that became wedged in the Suez Canal and cut off traffic in the vital waterway for almost a week, has been refloated, authorities said Monday. The ship sailed north to the Great Bitter Lake, arriving there just before 1 p.m. ET, according to Leth Agencies, which is a […] Read more
The outlook for U.S.-China trade relations is likely to remain challenged after this week’s high-level diplomatic talks showed that President Joe Biden’s team does not plan to wholly abandon the Trump administration’s tough tone in discussions with Beijing. Though Washington and Beijing struck a ceasefire in their tit-for-tat trade feud with last year’s “phase one” agreement, […] Read more
Toys R Us has a new owner — again. The brand management company WHP Global announced Monday it has acquired a controlling interest in Tru Kids, the parent company of the Toys R Us, Babies R Us and Geoffrey the Giraffe brands. “We’re in the brand business, and Toys R Us is the single most […] Read more
