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Monthly Archives: October 2018

Tesla buys new plot for its first China factory

Source: Shanghai Municipal People’s Government  Shanghai Mayor Ying Yong and Tesla Chairman and CEO Elon Musk pose in from of a plaque for the Tesla (Shanghai) Ltd. Electric Vehicle Development and Innovation Center.   Tesla successfully acquired an 864,885-square meter plot in Shanghai’s Lingang area for the electric car maker’s new …

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Cramer’s charts of the fear gauge suggest sell-off pain isn’t over yet

As strong as Tuesday’s rally was, it may not mark the end of the sell-off that ravaged stocks in last week’s trading, CNBC’s Jim Cramer said. Looking at the Cboe Volatility Index, also known as the market’s “fear gauge” or the VIX, Cramer and volatility expert Mark Sebastian determined that …

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After-hours buzz: Netflix, IBM and more

Akio Kon | Bloomberg | Getty Images Reed Hastings, chief executive officer of Netflix Inc., right, applauses during a news conference in Tokyo, Japan. Check out which companies are making headlines after the bell on Tuesday: Netflix surged as much as 15 percent after-hours following third-quarter earnings that blew Wall …

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Netflix is bragging about its movie stars and their Instagram followers

Netflix bragged about its movie and TV stars and their Instagram followers during the company’s third-quarter earnings report Tuesday. “When our service helps our talent develop huge fan bases (from small followings to over 10 million Instagram followers), we can attract the best talent in the world. This explosive growth …

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Saudis still negotiating Hyperloop deal despite tensions with Branson

Bandar Algaloud | Anadolu Agency | Getty Images Crown Prince of Saudi Arabia Mohammed bin Salman Al Saud (R) poses with Richard Branson (L), founder of Virgin Group Ltd. during his visit to Virgin Galactic company as part of his official visits in California, United States on April 2, 2018.  …

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Facebook hack affected 3 million in Europe, first big test for GDPR

ReutersTV | Reuters Facebook’s CEO Mark Zuckerberg answers questions about the improper use of millions of users’ data by a political consultancy, at the European Parliament in Brussels, Belgium, in this still image taken from Reuters TV May 22, 2018 Approximately 3 million Europeans were affected by a September Facebook …

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A Twitter bug sent notifications of random letters and digits

Chris Wattie | Reuters Twitter CEO Jack Dorsey testifies before the House Energy and Commerce Committee hearing on Twitter’s algorithms and content monitoring on Capitol Hill in Washington, September 5, 2018. Twitter briefly freaked out Tuesday and started sending notifications with only random strings of numbers and letters — and …

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Former Google self-driving car engineer says safety not the priority

Mark Kauzlarich | Bloomberg | Getty Images The Jaguar I-Pace with Waymo autonomous electric vehicle (EV) is unveiled during an event in New York, on Tuesday, March 27, 2018. A new report in The New Yorker details the events leading up to Waymo’s 2017 high-profile lawsuit alleging Uber stole its trade …

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Lyft hires JP Morgan to lead IPO at $15 billion valuation

Lane Turner | Boston Globe | Getty Images A driver with placards for both Lyft and Uber waits for a traffic light outside South Station in Boston after picking up a passenger. Lyft has hired J.P. Morgan Chase to lead its initial public offering, kicking off an IPO that’s scheduled …

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Google will stop bundling its apps on Android phones in response to EU fine

Sanjeev Verma | Hindustan Times | Getty Images A representative from Panasonic holds the Panasonic Eluga U smartphone, using the latest Android Kitkat operating system, during its launch in New Delhi, India. In response to the European Union’s $5 billion antitrust ruling in July, Google will stop bundling its apps …

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