Apple continued its slide on worries about softening demand. The tech giant tumbled 4.8 percent after Goldman Sachs equity analysts cut their price target, citing deteriorating demand, especially in China. China, the world’s largest consumer of oil, has also been weighing on commodities. The price of crude, now just above $53 a barrel, has fallen…
Payment card skimming that steals consumers’ personal information from e-commerce sites has become a booming industry over the past six months, with high-profile attacks against Ticketmaster, British Airways, Newegg, and Alex Jones’ InfoWars, to name just a few. In a sign of the times, security researcher Jérôme Segura found two competing groups going head to head…
WASHINGTON — As evidence piles up pointing to the Saudi crown prince’s responsibility in the brutal killing of the dissident journalist Jamal Khashoggi, President Trump has only hardened his refusal to concede any possibility that the prince had a hand in the crime. Mr. Trump, who had once condemned the Saudi leaders for perpetrating “the…
The long wait is apparently almost over. Amazon is said to be in talks to develop its second headquarters, HQ2, in the Long Island City section of Queens, New York, and the Crystal City area of Arlington, Virginia, The New York Times reported on Monday evening, citing people familiar with the plans. The decision follows…
Facebook's advertising platform is suffering from a major outage. The company's Ads Manager, its tool that lets users create advertisements on its social network, has crashed, leaving would-be advertisers unable to create new ad campaigns just days before Thanksgiving and crucial Black Friday sales. The outage is unusual in its duration; as of this writing,…
(Reuters) - Heavy rains were due to create new problems for residents of Northern California late on Tuesday, raising the risk of mudslides in an area where people left homeless by the state’s deadliest wildfire remain huddled in parking lot encampments. State and federal officials warned people to be alert to the risk of sudden…
SHANGHAI, China — Alibaba just made e-commerce history. With the company's massive Singles' Day celebration on 11/11 — November 11 — coming to a close, Alibaba reports that customers spent $30.8 billion online over the last 24 hours. That is a significant increase from the $25.3 billion in gross merchandise volume (GMV) Alibaba shoppers spent…
BEFORE HU JINZHOU began his climb into the foothills of fame, as a professional player of computer games in China’s multi-billion-dollar livestream industry, he was a schoolboy tearaway. He got into playground fights, tried to sell his textbooks to classmates and sneaked out after dark for some online gaming. Back then, Mr Hu’s reluctance to…
NEW YORK (Reuters) - U.S. companies are warning about rising wages eating into profit margins, increasing investor worries that next year’s expected drop in profit growth may be sharper than feared. FILE PHOTO - A sign for the Wall Street subway station is seen in the financial district in New York City, U.S., August 23,…
Amazon has finally, officially made a decision. The company on Tuesday announced it would split its second-headquarters project, which it calls HQ2, in two. The two locations — the Long Island City neighborhood of Queens, New York, and the newly formed National Landing area of Arlington, Virginia — will each get roughly half of the…
