(Bloomberg) -- Shipments of Apple Inc.’s popular AirPods wireless earphones are expected to double to 60 million units in 2019, according to people familiar with the Cupertino-based company’s production plans. This has been driven in part by “much higher” than expected demand forRead more »
(Bloomberg) -- The founder of China food-delivery giant Meituan Dianping is having a very good year.As his business has grown, Chief Executive Officer Wang Xing’s net worth doubled this year through Thursday’s close to $6.7 billion, according to Bloomberg Billionaires Index. That figure is likely to
(Bloomberg) -- Oracle Corp. should increase the racial diversity of its board, a group of U.S. lawmakers said, putting a greater spotlight on the company’s hiring and management practices.“The fact that African Americans make up 13% and Asian Americans make up 5.6% of the U.S. population but 0% of Oracle
(Bloomberg) -- Uber Technologies Inc. faces a new legal attack on its refusal to treat drivers as employees that depicts the company as mistreating not just them but the public at large.A lawyer who’s been fighting the ride-hailing giant in court for six years wants a judge to now take into account the
(Bloomberg) -- U.S. prosecutors are worried that a former Twitter Inc. employee charged with helping Saudi Arabia spy on dissidents will be “whisked away” by the Royal Kingdom just like his co-defendant who had also worked for the platform.The concerns were heightened Thursday as a federal judge in San
(Bloomberg) -- Executives at SoftBank are looking for a way to reduce the size of a $3 billion offer for WeWork stock as part of its rescue package, as the office-sharing behemoth makes wide-ranging cuts to staff.The discussions at SoftBank center around shrinking a $3 billion tender offer for WeWork
(Bloomberg) -- Splunk gained as much as 7.6% after third-quarter revenue beat the highest analyst estimate.The data-software company reported adjusted earnings of 58 cents a share on revenue of $626.3 million. That compared with estimates of 54 cents and $603.7 million, according to data compiled by
Electric radiant cooktops are the happy medium of cooktop options. They cost a lot less than induction models, and because the surface is a slab of glass, these smoothtops are sleeker and much ea...
There’s a reason chefs love cooking on gas. Seeing a flame rise and fall with the turn of a knob gives you a sense of control over your meal. But it’s not just about warm feelings. “One of the bi...
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(Bloomberg) -- Long-anticipated layoffs at WeWork have begun, part of the struggling office-sharing company’s plan to cut costs after staggering losses.WeWork said Thursday that the reductions will affect 2,400 employees globally. They will receive severance and continued benefits and other forms of
When you shop through retailer links on our site, we may earn affiliate commissions. 100% of the fees we collect are used to support our nonprofit mission. Learn more. Is there someone on your sh...
(Bloomberg) -- Former U.S. President Barack Obama warned that technology is creating a more splintered world, fueling the disparities among wealthy and poorer nations, and people within countries.“The rise of extreme inequality both within nations and between nations that is being turbocharged by globalization
The next television you buy is likely to be a 4K smart TV, ready right out of the box to stream TV series and movies. Still, you might want to add a streaming device to your smart TV. These add-o...
Relief may be in sight for the millions of Americans on the hook every year for bills their health insurance won’t cover, if federal legislation to curb surprise medical bills becomes a reality. ...
(Bloomberg) -- A year before Elon Musk was ready to unveil Tesla’s first pickup model, the chief executive officer was setting a low bar for the amount of demand it will draw. Dig into the dynamics of the fiercely competitive and tough-to-crack U.S. truck market, and it’s easy to see why.Japanese automakers
(Bloomberg) -- Microsoft Corp. delayed the launch of its Surface Earbuds, missing the 2019 holiday shopping season. The software giant is the latest company to stumble in a race to catch up with Apple Inc.’s popular AirPods.The Surface Earbuds will come out in spring 2020, not this year as previously
(Bloomberg) -- Twitter Inc. said it will start letting all users hide replies to the tweets they send, an effort to improve the health of discussions and interactions on the service.The company has been testing the feature since summer in different markets, including the U.S. and Japan, but is now rolling
(Bloomberg) -- UBS lowered its view on a trio of semiconductor production equipment companies, forecasting “downside for the entire group” given trends with wafer fab equipment.The firm expects wafer fab equipment run-rates to peak in the near term and then contract for a few quarters. Companies related
(Bloomberg) -- Microsoft Corp. co-founder Bill Gates spoke out against protectionism in technological research around topics like artificial intelligence, arguing that open systems will inevitably win out over closed ones.In conversation with Bloomberg News editor-in-chief John Micklethwait at the New
(Bloomberg) -- Apple Inc. is overhauling how it tests software after a swarm of bugs marred the latest iPhone and iPad operating systems, according to people familiar with the shift.Software chief Craig Federighi and lieutenants including Stacey Lysik announced the changes at a recent internal “kickoff
(Bloomberg) -- Sony Corp. is in talks to acquire a stake in the Indian television network controlled by billionaire Mukesh Ambani, as the Japanese giant seeks to tap booming demand for content in the South Asian nation, according to people familiar with the matter.The Tokyo-based company is currently