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Facebook reveals Libra cryptocurrency, with lofty goals

3 hours ago DieselGasoil Comments Off on Facebook reveals Libra cryptocurrency, with lofty goals
SAN FRANCISCO/NEW YORK (Reuters) – Facebook Inc revealed plans on Tuesday to launch a cryptocurrency called Libra, the latest development in its effort to expand beyond social networking and move into e-commerce and global payments. FILE PHOTO: A Facebook panel is seen during the Cannes Lions International Festival of Creativity, in Cannes, France, June 20, Read More

Insurance costs rocket for U.S. IPOs as twitchy investors take to courts

15 hours ago DieselGasoil Comments Off on Insurance costs rocket for U.S. IPOs as twitchy investors take to courts
(Reuters) – Companies going public in the United States face insurance costs that have increased as much as 200% in the last three years to cover their executives against lawsuits alleging they misled investors. FILE PHOTO: Lyft President John Zimmer and CEO Logan Green applaud as Lyft lists on the Nasdaq at an IPO event Read More

Exclusive: Mexico blamed Walmart’s size, access to rivals’ data in blocking app deal

3 days ago DieselGasoil Comments Off on Exclusive: Mexico blamed Walmart’s size, access to rivals’ data in blocking app deal
MEXICO CITY (Reuters) – Mexican officials blocked Walmart Inc’s deal to buy delivery app Cornershop because Walmart could not guarantee a level playing field for rival retailers, whose customers use the app to order groceries and other goods, according to an official document and an interview with the top competition regulator this week. FILE PHOTO: Read More

Wall Street ends down; Broadcom warning hits chip stocks

4 days ago DieselGasoil Comments Off on Wall Street ends down; Broadcom warning hits chip stocks
NEW YORK (Reuters) – U.S. stocks ended lower on Friday as investors were cautious going into next week’s Federal Reserve meeting, while a warning from Broadcom of a broad weakening in global demand weighed on chipmakers and added to U.S.-China trade worries. FILE PHOTO: Traders work on the floor at the New York Stock Exchange Read More

Exclusive: Mexico blamed Walmart’s size, access to rivals’ data in blocking app deal

4 days ago DieselGasoil Comments Off on Exclusive: Mexico blamed Walmart’s size, access to rivals’ data in blocking app deal
MEXICO CITY (Reuters) – Mexican officials blocked Walmart Inc’s deal to buy delivery app Cornershop because Walmart could not guarantee a level playing field for rival retailers, whose customers use the app to order groceries and other goods, according to an official document and an interview with the top competition regulator this week. FILE PHOTO: Read More

Wall Street drops as Broadcom warning hits chip stocks

4 days ago DieselGasoil Comments Off on Wall Street drops as Broadcom warning hits chip stocks
(Reuters) – U.S. stocks dropped on Friday, as shares of chipmakers sank on a warning from sector major Broadcom of a broad weakening in global demand and Chinese data pointed to the worst slowdown in industrial growth in 17 years. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in Read More

Wall Street drops as Broadcom warning pushes chip stocks lower

4 days ago DieselGasoil Comments Off on Wall Street drops as Broadcom warning pushes chip stocks lower
(Reuters) – U.S. stocks dropped on Friday, as shares of chipmakers sank on a warning from sector major Broadcom of a broad weakening in global demand and Chinese data pointed to the worst slowdown in industrial growth in 17 years. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in Read More

Awake at the wheel: Automakers tap VR to banish boredom in autonomous cars

4 days ago DieselGasoil Comments Off on Awake at the wheel: Automakers tap VR to banish boredom in autonomous cars
SHANGHAI (Reuters) – Audi, Nissan and other car makers are banking on talking cartoon characters and other virtual reality experiences to keep drivers and other occupants of future autonomous vehicles entertained, auto industry executives said. A screen shows Audi China President Thomas Owsianski as he introduces Audi connect, an open app ecosystem, at the CES Read More

Uber enlists “Qute” to take on India’s choked, polluted roads

4 days ago DieselGasoil Comments Off on Uber enlists “Qute” to take on India’s choked, polluted roads
A Bajaj Auto Qute stands on display at an event by Uber to launch its XS service in Bengaluru, India June 13, 2019. REUTERS/Vibhuti Sharma BENGALURU (Reuters) – Uber Technologies Inc (UBER.N) has launched a new ride-hailing service in India’s tech capital Bengaluru that will use miniature gas-powered cars called “Qute” to win over commuters Read More