News

October 5, 2021 By Joyce Lee SEOUL (Reuters) – Samsung Electronics Co Ltd is likely to turn in its best quarterly profit in three years and a record revenue, on rising memory chip prices and brisk sales of its new foldable smartphones, analysts’ estimates show. Operating profit for the world’s biggest memory chip and smartphone […]

October 5, 2021 By Tom Hals (Reuters) – Bayer AG won its first trial over claims its Roundup weedkiller causes cancer after a California jury found that the herbicide was not a substantial cause of a child’s rare form of non-Hodgkin’s lymphoma, the company said on Tuesday. Destiny Clark alleged that her son Ezra developed […]

October 5, 2021 By Ann Saphir (Reuters) – U.S. President Joe Biden expressed “confidence” in Federal Reserve Chair Jerome Powell on Tuesday after an influential senator in his party’s progressive wing stepped up her critique of the central bank chief and raised questions about his leadership. Powell “poses a danger to our economy and that’s […]

October 5, 2021 (Reuters) – Canada’s Leylah Fernandez, who lost in the final of the U.S. Open, said on Tuesday she has since received advice from five-times Grand Slam champion Maria Sharapova and cannot wait to get back on court. A day after falling to British teenager Emma Raducanu in last month’s final, Fernandez attended […]

October 5, 2021 (Reuters) – Bitcoin rose 5.01% to $51,711.21 at 22:01 GMT on Tuesday, adding $2,469.07 to its previous close. Bitcoin, the world’s best-known cryptocurrency, is up 86.4% from the year’s low of $27,734 on Jan. 4. Ether, the coin linked to the ethereum blockchain network, rose 4.54% to $3,537.56 on Tuesday, adding $153.68 […]

October 5, 2021 By Tim Hepher Boston (Reuters) -The head of Dubai airline Emirates piled pressure on planemaker Boeing on Tuesday over delays to its 777X jetliner, warning that the uncertainty would cause significant disruption for one of the world’s biggest carriers. Emirates President Tim Clark said he wanted “another grown-up conversation” with the U.S. […]

October 5, 2021 By Jeff Mason WASHINGTON (Reuters) – The White House is asking business leaders to meet with President Joe Biden on Wednesday about the need to raise the U.S. debt ceiling, according to a person familiar with the plans. The proposed meeting is part of a broader White House strategy to pressure Republicans […]

Israeli shared multimodal mobility operator GoTo Global Mobility has acquired German shared electric scooter company emmy. The strategic deal will help GoTo Global, which offers customers access to shared cars, vans, mopeds, scooters and bikes, reach its goal of expanding to every major European city by 2025. GoTo Global would not share the financial terms […]

October 5, 2021 LOS ANGELES (Reuters) – Talks resumed on Tuesday between Hollywood producers and behind-the-scenes workers on film and television sets, a day after an overwhelming union vote in favor of authorizing a strike The International Alliance of Theatrical Stage Employees (IATSE,) which represents some 60,000 off-screen workers, said in a statement that negotiations […]

October 5, 2021 (Reuters) – Americans Bryson DeChambeau and Brooks Koepka will renew their fierce rivalry in Las Vegas next month, facing off in The Match, a 12-hole, head-to-head event at the Wynn Golf Course. The major winners set aside their long-standing feud to help the United States triumph over Europe at the Ryder Cup […]

October 5, 2021 (Reuters) – A boxing sketch in felt pen by the late Muhammad Ali sold for more than $425,000 at an auction in New York on Tuesday of his little-known art works, some of which went for many times over estimates. The sketch, called “Sting Like a Bee,” and drawn on paper in […]

October 5, 2021 WASHINGTON (Reuters) – The U.S. Trade Representative’s office said on Tuesday it is seeking public comments on plans to revive a targeted tariff exclusion process for imports from China, specifically whether to reinstate previously extended exclusions on 549 import product categories. USTR said it would accept public comments from Oct. 12 through […]

October 5, 2021 (Reuters) – Fashion rental company Rent the Runway on Monday made public its paperwork for a U.S. stock market flotation, joining a bunch of retailers looking to cash in on the record boom in capital markets since last year. In its filing with the U.S. Securities and Exchange Commission, the Brooklyn, New […]

October 5, 2021 By Subrat Patnaik, Eva Mathews and Sheila Dang (Reuters) – Facebook Inc blamed a “faulty configuration change https://tmsnrt.rs/3lcz40O” for a nearly six-hour outage on Monday that prevented the company’s 3.5 billion users from accessing its social media and messaging services such as WhatsApp, Instagram and Messenger. The company in a late Monday […]

October 5, 2021 By Jonathan Stempel NEW YORK (Reuters) – Lev Parnas, who helped Donald Trump’s former lawyer Rudy Giuliani collect damaging information about Joe Biden before the Democrat won the 2020 presidential election, pleaded not guilty on Tuesday to a narrowed indictment alleging campaign finance and other crimes. A week before his scheduled trial, […]

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for October 5, 2021. We warned you that a bunch of tech startups were going to go public in Q4. That’s coming true. But we also […]

Byteboard, a service designed to replace the on-site technical interview part of a company’s hiring process with a web-based alternative, will be spinning out of Google, TechCrunch learned and Google confirmed. The product was originally incubated as part of the company’s internal R&D lab known as Area 120, where it’s been led by General Manager […]

Leah Edwards Contributor Share on Twitter Leah Edwards is a passionate fan and connector in technology and impact, a lecturer at UC Berkeley and Stanford and a partner at Pegasus Tech Ventures, a Silicon Valley-based VC firm. During my career — spanning entrepreneurship, academia, arts management and venture capital — I’ve learned the importance of […]

October 5, 2021 (Reuters) – About 1,400 Kellogg Co cereal plant employees went on a strike on Tuesday, hoping to get the packaged foods maker to negotiate what a labor union called a “fair contract” for the workers. The Froot Loops and Corn Flakes cereal maker has been negotiating with union workers for a while […]

As investors look to diversify their holding amid exceptionally top-heavy traditional asset markets, more tech-enabled platforms are popping up to make the case for their alternative investment platform of choice. Masterworks, a startup that sells fractionalized shares of paintings and other works by famous artists, has achieved a unicorn valuation as it looks to corner […]