Facebook Chief Technology Officer Mike Schroepfer just announced that he will stepping down from the role next year and transition to a part-time position as a “Senior Fellow” at the company. It’s one of the biggest leadership departures for Facebook in recent memory. He will be replaced in the role by long-time executive Andrew Bosworth […]
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YouTube confirms it’s testing a feature that lets users download videos on their browser
If you’ve never struggled to click the correct one of three different download buttons on one of those “YouTube to mp4” websites, well, haven’t you led an honorable internet life! But now, YouTube is testing a feature for Premium subscribers that might render those bootleg websites somewhat obsolete. From now through October 19, Premium users […]
Google ads to get more transparent by offering access to advertiser’s recent history
Google today announced a change to its online ads, which will now display new disclosures that allow web searchers to see not just who the advertiser is and why the ad was served to you, but also what other ads the advertiser has run with Google, starting with the most recent. The changes are a […]
Fed’s Powell says Wells Fargo asset cap to stay in place until problems fixed
September 22, 2021 By Pete Schroeder (Reuters) -Federal Reserve Chair Jerome Powell said on Wednesday that the Fed is closely monitoring efforts by Wells Fargo & Co to fix its “widespread and pervasive” problems, and that it would take appropriate actions if the bank failed to do so. In 2018, the Federal Reserve ordered Wells […]
U.S. trade office says GM Mexico labor case concluded, tariff threat lifted
September 22, 2021 WASHINGTON (Reuters) – A U.S. labor complaint under the U.S.-Mexico-Canada trade pact over a General Motors plant union vote in Mexico has been successfully concluded, lifting the threat that U.S. tariffs could be imposed on the factory’s pickup trucks, the U.S. Trade Representative’s office said on Wednesday. The United States opened the […]
R. Kelly hid crimes in ‘plain sight,’ prosecutor says near end of sex trafficking trial
September 22, 2021 By Tyler Clifford NEW YORK (Reuters) -R. Kelly dominated not only women and girls but also his employees over a quarter century of sexual abuse, a prosecutor said on Wednesday as the R&B superstar’s sex trafficking trial neared its conclusion. Assistant U.S. Attorney Elizabeth Geddes told jurors during her closing argument in […]
Senate Democrats step up scrutiny of blank-check firms
September 22, 2021 (Reuters) – U.S. Senator Elizabeth Warren and three other Senate Democrats on Wednesday sent letters to some of the most prolific SPAC dealmakers, voicing concerns over reports that SPAC insiders exploit regulatory loopholes at the expense of retail investors. Special purpose acquisition companies, or SPACs, are shell companies that raise funds through […]
U.S. to give $336 million in aid to Venezuelans -State Department
September 22, 2021 WASHINGTON (Reuters) – The United States is giving $247 million in humanitarian aid and $89 million in economic and development aid to Venezuelans, State Department spokesman Ned Price said in a statement on Wednesday. “This assistance supports more than 7 million of the most vulnerable Venezuelans with critical needs inside Venezuela, the nearly 5.7 million Venezuelans […]
Developing nations’ plea to world’s wealthy at U.N.: stop vaccine hoarding
September 22, 2021 By Daphne Psaledakis UNITED NATIONS (Reuters) – Leaders from developing nations warned the U.N. General Assembly this week that COVID-19 vaccine hoarding by wealthy countries left the door open for the emergence of new coronavirus variants even as infections already increase in many places. The Philippines warned of a “man-made drought” of […]
Sudan’s military strikes out at civilian politicians after coup attempt
September 22, 2021 CAIRO (Reuters) -Sudanese military leaders said on Wednesday the civilian politicians they share power with had opened the door to a coup attempt by neglecting public welfare while they were consumed by internal squabbles. A body known as the Sovereign Council has ruled Sudan under a fragile power-sharing deal between the military […]
Peloton’s CEO John Foley on the changing face of connected fitness
“Unprecedented” only begins to scratch the surface of this past year-and-a-half. Entire industries have been made and broken as the global population struggled to adapt to the largest pandemic in a century. Connected fitness falls firmly in the category that made it. It’s fair to say that 2020 and 2021 have been transformative for home […]
Ackman’s Pershing Square fund surges as Universal soars in stock debut
September 22, 2021 By Svea Herbst-Bayliss BOSTON (Reuters) – Hedge fund manager William Ackman’s 10% bet on Universal Music Group helped nearly double returns at his own portfolio to 15.3% this week after shares in the world’s biggest music label surged in their first hours as a publicly traded company. Ackman, who runs hedge fund […]
Dear Sophie: What’s the difference between IEP and the latest proposed startup visa?
Sophie Alcorn Contributor Share on Twitter Sophie Alcorn is the founder of Alcorn Immigration Law in Silicon Valley and 2019 Global Law Experts Awards’ “Law Firm of the Year in California for Entrepreneur Immigration Services.” She connects people with the businesses and opportunities that expand their lives. More posts by this contributor Dear Sophie: Should […]
Nth Cycle wants to revolutionize metals processing for recyclers and mine operators
There’s a lot of value in waste; just ask metals processing company Nth Cycle, which has developed a technology to help mining and recycling companies recover every bit of critical minerals from their operations. The company calls its technology “electro-extraction,” and Nth Cycle’s founder and CEO Megan O’Connor likened it to a water filter in […]
Carbix spins emissions into gold — or at least useful minerals
Pollutants pouring from smokestacks around the world may be bad news for the atmosphere, but if you catch them before they get out there, you could reduce emissions and collect some valuable materials at the same time. That’s what Carbix aims to do with its carbon-sequestering reactor, which would extract minerals from emissions while staying […]
Soccer-Pele sings for Santos as recovery continues
September 22, 2021 SAO PAULO (Reuters) – Pele delighted fans of his former club Santos on Wednesday after his daughter posted a video of him singing the club’s anthem as the three-time World Cup winner continues his recovery from colon surgery. The former Santos, Brazil and New York Cosmos player has been in hospital since […]
Swimming-Ledecky to serve as volunteer swim coach at University of Florida
September 22, 2021 (Reuters) – Seven-time Olympic gold medallist Katie Ledecky has decided to serve as a volunteer swim coach at the University of Florida where she will also train for the 2024 Paris Olympics, the school said on Wednesday. The 24-year-old American will train with Florida head coach Anthony Nesty, who was an assistant […]
Soccer-Standing areas at Premier League grounds to be allowed from January
September 22, 2021 LONDON (Reuters) -Supporters will be allowed to stand in selected English Premier League and Championship grounds from next year as part of a pilot programme, UK’s Sports Grounds Safety Authority (SGSA) said on Wednesday. Safe standing is set to be trialled from Jan. 1 after the UK government instructed the SGSA to […]
Dollar choppy after Fed statement, Evergrande exhale lifts risk-sensitive currencies
September 22, 2021 (Updates with Fed policy statement) By Chuck Mikolajczak NEW YORK (Reuters) – The U.S. dollar was choppy on the heels of the latest policy announcement by the Federal Reserve on Wednesday, while risk-sensitive currencies such as the Australian dollar and Chinese yuan strengthened after China’s Evergrande said it would make a bond […]
Stocks hold gains, dollar strengthens after Fed flags taper soon
September 22, 2021 By Lewis Krauskopf and Tom Wilson NEW YORK/LONDON (Reuters) – A gauge of global stock markets trimmed gains in choppy trading on Wednesday and the U.S. dollar strengthened after the Federal Reserve cleared the way for the central bank to reduce its monthly bond purchases soon. Asset price moves were volatile following […]