Wednesday July 17, 2019 8:31:47 AM PDT - I frankly don't make much of a living, but I make a hell of a life. - Jack Gartside




Wed, 17 Jul 2019 11:22:14 -0400

Starting with Netflix, FANG reports to test Wall St rally's mettle

(This version of July 16th story has been refiled to fix typographical error in first paragraph)

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Wed, 17 Jul 2019 10:57:05 -0400

Facebook faces more scrutiny from Congress over Libra cryptocurrency plan

Facebook Inc faces more questioning by U.S. lawmakers on Wednesday over its planned cryptocurrency, after a bruising first bout when senators from both parties condemned the project, saying the company had not shown it could be trusted.

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Wed, 17 Jul 2019 10:55:04 -0400

IMF says regulators must address possible risks from Facebook's Libra

Facebook Inc's planned cryptocurrency Libra could help boost financial inclusion, but also raises concerns about consumer protection, data privacy, and potential "backdoor dollarization," the IMF's chief economist said on Wednesday.

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Wed, 17 Jul 2019 10:44:35 -0400

G7 finance chiefs pour cold water on Facebook's digital coin plans

Group of Seven finance chiefs cast a cloud over prospects for Facebook's Libra digital coin on Wednesday, insisting tough regulatory problems would have to be worked out first.

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Wed, 17 Jul 2019 10:43:07 -0400

Poland proposes tightening 5G security standards

Poland has proposed tightening its cyber security standards and could ban certain products or suppliers from key parts of a future 5G network, the country's digital ministry said in a document published on Wednesday.

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Wed, 17 Jul 2019 10:26:50 -0400

Amazon under EU antitrust fire over use of merchant data

Amazon became the target of an antitrust investigation by the European Union on Wednesday over its use of merchants' data, underlining regulators' increasing focus on how tech companies exploit customer information.

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Wed, 17 Jul 2019 10:18:21 -0400

Huawei says Italy's new 5G powers discriminate against it

Chinese telecoms equipment group Huawei Technologies criticised the Italian government's newly beefed-up powers to intervene in the development of fifth-generation (5G) telecom services, saying they discriminated against the company.

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Wed, 17 Jul 2019 10:10:21 -0400

Making sense of chaos? Algos scour social media for clues to crypto moves

After months of relative calm in cryptocurrency markets, bitcoin exploded back into life in April with its sharpest price jump in over a year - but few people could convincingly explain why.

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Wed, 17 Jul 2019 09:19:04 -0400

German finance minister: Libra cryptocurrency must wait for regulatory clarity

Facebook cannot go ahead with its plans to launch its digital coin Libra until all regulatory issues are dealt with, German Finance Minister Olaf Scholz said on Wednesday as he met with counterparts from G7 countries.

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Wed, 17 Jul 2019 09:10:50 -0400

EU antitrust regulators to investigate Amazon over merchant data

EU antitrust regulators will investigate Amazon, the world's largest online retailer, to see if its use of other merchants' data breaches EU antitrust rules, the European Commission said on Wednesday.

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Wed, 17 Jul 2019 09:10:50 -0400

Amazon says it will cooperate with EU antitrust regulator probe

U.S. online retailer Amazon said on Wednesday that it would cooperate fully with EU antitrust regulators investigating its use of merchants' data.

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Wed, 17 Jul 2019 09:05:59 -0400

Spotify launches an in-app Disney Hub to lure more fans

Spotify Technology SA said on Wednesday it will devote a prominent spot in its music streaming app to Walt Disney Co's extensive music library with songs like "Let It Go" and "A Whole New World."

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Wed, 17 Jul 2019 08:20:01 -0400

ZTE says Italy's new powers to intervene in 5G will delay deployment

Chinese telecom equipment firm ZTE Corp warned on Wednesday that the Italian government's newly strengthened power to intervene in the development of fifth-generation telecoms networks may further delay 5G mobile services in the country.

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Wed, 17 Jul 2019 07:13:21 -0400

'Wizard' cybersecurity expert charged with record hack of Bulgarian tax agency

A 20-year-old Bulgarian cybersecurity worker has been arrested on suspicion of involvement in a hacking attack that stole millions of taxpayers' personal and financial data, officials said on Wednesday.

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Wed, 17 Jul 2019 06:51:30 -0400

Amazon appeases German watchdog, but EU opens new probe

Amazon has reached a deal with Germany's anti-trust authority to overhaul its terms of service for third-party merchants, acting to appease regulators as the European Union announced its own investigation of the e-commerce giant.

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Wed, 17 Jul 2019 06:13:28 -0400

Conditions not in place for Facebook's Libra to go ahead: France

Facebook's Libra digital coin project cannot go ahead in the form it has been presented so far, French Finance Minister Bruno Le Maire said on Wednesday.

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Wed, 17 Jul 2019 05:37:00 -0400

Bills targeting China's Huawei introduced in Congress

Members of the U.S. Senate and House of Representatives introduced bills on Tuesday to keep tight restrictions on Huawei Technologies Co Ltd, amid concern about President Donald Trump's easing of curbs on the Chinese firm.

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Wed, 17 Jul 2019 05:31:33 -0400

Ericsson warns on negative margin impact, shares fall 7%

Telecoms equipment maker Ericsson posted quarterly earnings in line with forecasts but said it expected costs related to winning new contracts for its network business to hit profit margins in the second half of the year.

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Wed, 17 Jul 2019 02:46:01 -0400

Toyota, China's CATL in partnership for new energy vehicle batteries

Toyota Motor Corp has agreed to partner with China's Contemporary Amperex Technology Co Ltd (CATL) to supply and develop batteries for new energy vehicles.

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Wed, 17 Jul 2019 02:34:30 -0400

Renault forms Chinese electric vehicles venture with Jiangling Motors

Renault has formed a joint venture partnership with Jiangling Motors Corporation Group (JMCG) to target the Chinese electric vehicles (EV) market, in a deal which will also see Renault take a 50% stake in the new venture.

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