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Monthly Archives: September 2018

What Bezos spending $2 billion would feel like to the average American

Lindsey Wasson | Reuters Amazon founder and CEO Jeff Bezos speaks at the new Amazon Spheres opening event at Amazon’s Seattle headquarters in Seattle, Washington, U.S., January 29, 2018. Envision a world where attending Princeton University costs you about two quarters and staying in one of the most luxurious hotels …

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Microsoft acquires Lobe, A.I start-up

Lobe The Lobe team, along with Microsoft’s Umesh Madan, left; Gaz Iqbal, second from left; Kevin Scott, second from right; and Jaron Lanier, right. Microsoft on Thursday said it has acquired Lobe, a small San Francisco start-up that focuses on making it easy to train and deploy artificial intelligence models. Terms …

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Facebook looks ‘kinda cheap’ at this price and given its growth rate

Appaloosa Management’s David Tepper said Facebook’s stock looks inexpensive at its current price and that the fund has not reduced its holding. “It’s kinda cheap in this market for the growth rate. So we’re still holding on as big as we were,” Tepper told CNBC’s Scott Wapner on Thursday. “It’s …

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Republicans set date for Kavanaugh vote over objections from Democrats

Win McNamee | Getty Images News | Getty Images Supreme Court nominee Judge Brett Kavanaugh answers questions from Sen. Richard Durbin (D-IL) during the second day of his Supreme Court confirmation hearing on Capitol Hill September 5, 2018 in Washington, DC. Kavanaugh was nominated by President Donald Trump to fill …

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Florence expected to rank among the top 10 costliest hurricanes ever

Chip Somodevilla | Getty Images Waves crash around the Oceana Pier as the outer edges of Hurricane Florence being to affect the coast September 13, 2018 in Atlantic Beach, United States. Coastal cities in North Carolina, South Carolina and Virgnian are under evacuation orders as the Category 2 hurricane approaches …

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owning Washington Post helps ‘support American democracy’

Mandel Ngan | AFP | Getty Images Amazon CEO Jeff Bezos arrives for the premiere of ‘The Post’ on December 14, 2017. Amazon CEO Jeff Bezos offered some new insight into how he views his ownership of the Washington Post on Thursday, writing that his stewardship helps “support…American democracy.” The …

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Facebook will fact-check images and videos

Shu Zhang | Reuters Facebook founder and CEO Mark Zuckerberg meets Founder and Executive Chairman of Alibaba Group Jack Ma (not pictured), at the China Development Forum in Beijing, China, March 19, 2016.  Facebook will start fact-checking images and videos, the company said Thursday, expanding its review efforts to posts …

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Apple’s iPhone release strategy mimics movie industry, analyst says

David Paul Morris | Bloomberg | Getty Images An attendee demonstrates the Apple  iPhone XR smartphone during an event at the Steve Jobs Theater in Cupertino, California, on Wednesday, Sept. 12, 2018.  Apple’s decision to roll out its more expensive iPhones before its lower-priced model will pay big dividends for …

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New Apple watch could take bite out of Swiss market

Stephen Lam | Reuters Jeff Williams, Chief Operating Officer of Apple, speaks about the the new Apple Watch Series 4 at an Apple Inc product launch event at the Steve Jobs Theater in Cupertino, California, September 12, 2018. The Swiss watch industry faces an increased threat from a new Apple …

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Larry Page envisioned Hyperloop for bikes: Report

David Paul Morris | Bloomberg | Getty Images Larry Page, CEO of Google’s parent, Alphabet. Alphabet’s CEO Larry Page envisioned a Hyperloop-like system that would propel bicyclists with helium to shorten the commute from San Francisco to Google’s headquarters in Mountain View, according to a new report by Bloomberg Businessweek. …

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