text

Huge India oil well fire put off after 5 months

A massive oil well fire that has raged for more than five months in northeast India has finally been extinguished, officials said Sunday. /AFP A massive oil well fire that has raged for more t

text

Spotify buying podcast hosting and ad company Megaphone for $235M

Spotify has come under fire of late over questions around musician compensation, but when it comes to podcasting, it has money to burn. This morning, the streaming service confirmed its acquisition o

text

U.S. firms got boost from China's resilient consumer market

China is bolstering American firms as demand drops in the United States and Europe due to another round of COVID-19 cases surge, the Wall Street Journal reported, citing Coca-Cola Co., General Mot

text

S&P 500, Dow hit record highs on vaccine optimism

The SP 500 and Dow hit record highs moments after the open on Monday, as news of the first successful late-stage COVID-19 vaccine trials stirred hopes of the economy emerging from a year of pandemic-

text

Twitter revenue rises 14%, but user growth fails to impress

Twitter continued to see its traffic rise in the third quarter, thanks to that trifecta of returning sports, the presidential campaign and the COVID-19 pandemic. But there wasn’t quite enough gr

text

US tech stocks surge as Apple, Amazon and Facebook update on progress

US tech stocks have enjoyed a strong rally on Wall St in advance of earnings reports from, arguably, the biggest names in the business.Just a day after share values endured a global shock over tighte

text

Ford will reveal its all-electric Transit van in November

Ford plans to reveal in November an all-electric version of its Ford Transit cargo van, the company said Wednesday as part of its broader third-quarter earnings report. The unveiling will showcase an

text

The DOJ is investigating Visa’s $5.3 billion bid for Plaid on antitrust grounds

It’s not just big tech that’s getting the antitrust treatment from the Department of Justice.Late Monday afternoon, the Department of Justice tipped its hand that it was investigating Visa

text

Daily Crunch: DOJ files antitrust suit against Google

Google faces a big antitrust suit, Amazon offers to pay customers for shopping data and we review the iPhone 12. This is your Daily Crunch for October 20, 2020.The big story: DOJ files antitrust suit

text

Snap shares explode after blowing past earnings expectations

Snap shares were up nearly 20% in after-hours trading after the company showcased a massive earnings beat, besting analyst expectations on both revenue and earnings per share for Q3. The company was a

text

Investors appear to shrug at antitrust lawsuit aimed at Google

Investors do not seem concerned that the Department of Justice filed an antitrust suit against Google earlier today.The suit, seen by some as a stunt near the election, is one of a multi-part push to

text

Nanoleaf adds large and small triangles to its revamped Shape product line

Nanoleaf launched the next generation of its light panels in July. Called Shape, this new product looks like the company’s original offering, but sports better connectors, a simpler mounting solution

text

Tesla delivers 139,300 vehicles in Q3, beating expectations

Tesla delivered 139,300 vehicles in the third quarter, slightly above Wall Street’s expectations and a notable improvement from last quarter as well as the same period a year ago.Tesla’s n

text

Palantir’s reference price values it at roughly $16 billion

Palantir is preparing for its public debut tomorrow morning on the NYSE after 17 years, and now we are getting some data on how the company’s shares are being valued by investors.NYSE announced that t

text

4 things to remember when adapting AI/ML learning models during a pandemic

The machine learning and AI-powered tools being deployed in response to COVID-19 arguably improve certain human activities and provide essential insights needed to make certain personal or professiona

text

Nike smashes revenue, profit estimates on China demand, online boom

Shoppers walk pass a Nike store in Beijing, September 20, 2020. /VCG Nike Inc's online sales of Air Maxes and other shoes in North America drove quarterly profit and revenue ahead of Wall Stre

text

Chamath launches SPAC, SPAC, and SPAC as he SPACs the World with SPACs

SPACs are going to rule the world, or at least, Chamath’s future portfolio.Chamath Palihapitiya, the founder of Social Capital, has already tripled down on SPACs, the so-called “blank check” vehicle