Stock market today: Tesla, IBM and Meta lead most of Wall Street higher
Read full article: Stock market today: Tesla, IBM and Meta lead most of Wall Street higherTesla, IBM and Meta Platforms helped lead most U.S. stocks higher following a rush of profit reports from some of the country’s most influential companies.
Cisco Systems joins Microsoft, IBM in Vatican pledge to ensure ethical use and development of AI
Read full article: Cisco Systems joins Microsoft, IBM in Vatican pledge to ensure ethical use and development of AITech giant Cisco Systems has joined Microsoft and IBM in signing onto a Vatican-sponsored pledge to ensure artificial intelligence is developed and used ethically.
Stock market today: Asian shares mostly fall despite solid signs of U.S. growth
Read full article: Stock market today: Asian shares mostly fall despite solid signs of U.S. growthAsian shares are mostly lower despite upbeat news on the U.S. economy, with Japan’s benchmark falling after the latest data showed inflation has been slowing faster than expected.
AI's future could be 'open-source' or closed. Tech giants are divided as they lobby regulators
Read full article: AI's future could be 'open-source' or closed. Tech giants are divided as they lobby regulatorsTech leaders have been vocal proponents of the need to regulate artificial intelligence, but they’re also lobbying hard to make sure the new rules work in their favor.
IBM, EU, Disney and others pull ads from Elon Musk's X as concerns about antisemitism fuel backlash
Read full article: IBM, EU, Disney and others pull ads from Elon Musk's X as concerns about antisemitism fuel backlashAdvertisers are fleeing social media platform X over concerns about their ads showing up next to pro-Nazi content, hate speech on the site in general or billionaire owner Elon Musk’s own posts endorsing an antisemitic conspiracy theory.
Autonomous Mayflower reaches American shores -- in Canada
Read full article: Autonomous Mayflower reaches American shores -- in CanadaA crewless robotic boat that had tried to retrace the 1620 sea voyage of the Mayflower has finally reached the shores of North America — this time in Canada instead of the Massachusetts coast where its namesake landed more than 400 years ago.
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Robotic ship sets off to retrace the Mayflower’s journey
Read full article: Robotic ship sets off to retrace the Mayflower’s journeyMore than four centuries after the Mayflower departed from England on a historic sea journey to America, another trailblazing vessel with the same name has set off to retrace the voyage.
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EXPLAINER: Will you need a 'vaccine passport' to travel?
Read full article: EXPLAINER: Will you need a 'vaccine passport' to travel?Airlines and others in the travel industry are throwing their support behind vaccine passports to boost pandemic-depressed travel, and authorities in Europe could embrace the idea quickly enough for the peak summer vacation season. (AP Photo/Rick Bowmer)Airlines and others in the travel industry are throwing their support behind so-called vaccine passports to boost pandemic-depressed travel, and authorities in Europe could embrace the idea quickly enough for the peak summer vacation season. Technology companies and travel-related trade groups are developing and testing various versions of the vaccine passports, also called health certificates or travel passes. Airlines are counting on vaccine passports to convince governments to drop some of those restrictions that discourage visitors. Airline and business groups are lobbying the White House to take the lead in setting standards for health passes.
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Mixed finish on Wall Street as worldwide rally takes a pause
Read full article: Mixed finish on Wall Street as worldwide rally takes a pauseWall Street is tapping the brakes on its record-setting rally this week, as markets worldwide take a pause on Friday. (Courtney Crow/New York Stock Exchange via AP)BEIJING – Wall Street tapped the brakes on its recent record-setting rally Friday with a mixed finish for the major stock indexes, though the S&P 500 still ended the week with its third weekly gain in four. So did the Russell 2000 index of smaller companies, which traders have been favoring amid expectations of stronger economic growth later this year. It also gave a forecast for revenue and profit in the current quarter that matched or topped Wall Street’s. A big question on Wall Street is how much more it can climb before criticism blares even louder that stock prices have grown too expensive relative to corporate profits.
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Oracle planning to relocate its headquarters to Texas
Read full article: Oracle planning to relocate its headquarters to TexasOracle will join several other tech companies that have already made Austin their home, including Google, Facebook, Dell, IBM and others. It’s the most recent move to the Lone Star State. Tesla CEO, Elon Musk recently announced his decision to move to Texas as well. Abbott issued a statement following Oracle’s announcement and said the relocation will be beneficial to the company and the state as a whole. The statement reads: “Oracle is a global technology giant with an already strong presence here in Texas, and we are proud to welcome its headquarters to Austin.
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Phishing ploy targets COVID-19 vaccine distribution effort
Read full article: Phishing ploy targets COVID-19 vaccine distribution effortOther targets were petrochemical companies, likely because they produce dry ice, which is used in the cold chain, Zaboeva said. The investment, in the works well before the pandemic, was accelerated to prepare for an eventual global rollout of coronavirus vaccines. Coronavirus vaccines will be one of the world’s most sought-after products as they are distributed, so theft may also be a danger. On Wednesday, Britain became the first to country to authorize a rigorously tested COVID-19 vaccine, the one developed by American drugmaker Pfizer and Germany's BioNTech. Unlike the Moderna and Pfizer COVID-19 vaccines, Johnson & Johnson's requires refrigeration but does not need to be frozen.
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Asian shares track Wall Street fall as virus aid hopes fade
Read full article: Asian shares track Wall Street fall as virus aid hopes fadeAsian shares fell moderately Tuesday, echoing Wall Street's decline as hopes faded Washington will come through with badly needed aid for the economy before the U.S. presidential election. On Wall Street, the S&P 500 dropped 1.6%, its worst day in more than three weeks. The S&P 500 fell 56.89 points to 3,426.92. The index has gained 7% so far this month, outpacing the 1.9% gain for the broader S&P 500. The benchmark S&P 500 has notched a gain in each of the past three weeks.
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IBM to spin off $19B business to focus on cloud computing
Read full article: IBM to spin off $19B business to focus on cloud computingARMONK, N.Y. – IBM says it is breaking off a $19 billion chunk of its business to focus on cloud computing. The 109-year-old tech company said Thursday it is spinning off its managed infrastructure services unit into a new public company, temporarily named NewCo. IBM CEO Arvind Krishna said the split will help IBM focus on its cloud platform and artificial intelligence, while the newly formed company will provide services to manage the infrastructure of businesses and other organizations. Once a household name for its personal computers, IBM shed its PC business in 2005 and has since become focused on supplying software services to big businesses, governments and other organizations. It has worked to strengthen its cloud computing business but has struggled to compete with top cloud rivals Amazon, Microsoft and Google.
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Asian stocks follow Wall Street higher on stimulus hopes
Read full article: Asian stocks follow Wall Street higher on stimulus hopesAsian stock markets followed Wall Street higher on Friday on hopes Washington will provide more aid to the struggling U.S. economy. (AP Photo/Eugene Hoshiko)TOKYO – Asian stock markets followed Wall Street higher on Friday on hopes Washington will provide more aid to the struggling U.S. economy. Wall Street gained Thursday after President Donald Trump suggested he might be reversing his decision to halt talks on economic aid. “The on-and-off nature of the fiscal stimulus discussion in the U.S. hardly inspires lasting confidence,” said Mizuho Bank in a report. Stock rose Wednesday in response to that.
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Microsoft joins Amazon, IBM in pausing face scans for police
Read full article: Microsoft joins Amazon, IBM in pausing face scans for policeMicrosoft has become the third big tech company this week to say it wont sell its facial recognition software to police, following similar moves by Amazon and IBM. Weve decided we will not sell facial recognition technology to police departments in the United States until we have a national law in place, grounded in human rights, that will govern this technology, Smith said. Smith said Thursday that Microsoft currently doesn't sell its face recognition software to any U.S. police departments. Microsoft, Amazon and IBM are calling on Congress to set national rules over how police use facial recognition something that's now being considered as part of a police reform package sparked by the protests following Floyd's death. "We need Congress to act, not just tech companies alone.
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Mobile shopping surged on Black Friday
Read full article: Mobile shopping surged on Black FridayInvesting in better apps and mobile shopping sites paid off for retailers this year, IBM said Saturday, and digital sales were up 21.5% from last year. IBM does not report total sales figures, but Adobe said Friday evening that Americans were on pace to spend more than $2.7 billion online Friday. Both companies said shoppers filled their virtual shopping carts on their smartphones and tablets more than laptop and desktop computers for the first time ever this year. "US consumers have turned into digital shopping ninjas," Adobe analyst Tamara Gaffney said. Samsung TVs, the iPad Air 2, Xbox, Lego Dimension sets, Star Wars Lego toys and Shopkin Dolls were among the most popular items on Black Friday, Adobe said.
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