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Apple union push faces setback as Atlanta organizers withdraw bid

Shoppers stroll past the Franklin Park Mall Apple Store during Black Friday. Black Friday Sales during the COVID-19 pandemic are a popular reason for shoppers to visit stores. SOPA Images – LightRocket | SOPA Images | LightRocket | Getty Images An union vote at AppleThe Cumberland Mall in Atlanta has been closed after the union […]

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Twitter director Egon Durban won’t leave board after shareholder vote

Musk was expected to be appointed to Twitter’s board of directors on Saturday. However, the billionaire informed Twitter that Musk wouldn’t actually be taking over the seat on the board. Andrew Burton | Getty Images News | Getty Images TwitterDirector Egon Durban will not resign from the board, even though the shareholder vote voted against […]

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Broadcom announces plans to buy VMware

Broadcom chief executive officer Hock Tan Getty Images| Bloomberg | Getty Images BroadcomPurchase VMwareThey announced on Thursday that they would be entering into a cash-and stock deal worth $61billion based on Broadcom’s closing price on May 25, 2022. It would mark one of the most significant technology deals of all times. MicrosoftPurchase of the pending […]

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Apple says it will raise pay for corporate and retail employees in tight labor market

Getty Images| Corbis Unreleased | Getty Images AppleOn Wednesday, the company announced that it would raise wages for retail and corporate workers in the coming year. This move is made during a historically tight labor marketThe U.S. and the employees who work there increased inflationCost of living. Apple follows suit Google, Amazon MicrosoftRecent changes were […]

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Twitter settles after feds claim it used 2FA info to target ads

Musk had been expected to join Twitter’s board, however, Musk informed Twitter on Saturday that the richest man in the world would not be joining the board. Andrew Burton | Getty Images News | Getty Images TwitterA $150 million settlement was reached with the Department of Justice & Federal Trade Commission regarding alleged misrepresentations of […]

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Nvidia (NVDA) earnings Q1 2023

Jensen Huang, CEO of Nvidia speaks at a conference held by The MGM in Las Vegas during CES 2018. Mandel Ngan | AFP | Getty Images NvidiaOn Wednesday, fiscal first quarter earnings were reported. Analyst expectations for earnings and sales beats, but extended trading saw the stock drop more than 10%. The chipmaker had issued […]

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Snap warning shocks digital media stocks; Facebook, Pinterest drop

Evan Spiegel, CEO and co-founder of Snap Inc. Adam Galica | CNBC Social media corporations have been already having a tough yr from the cutback in digital advert spending brought on by rising inflation, provide chain challenges and the battle in Ukraine. Forecasts for the second quarter referred to as for meager development at finest, […]

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Meta CEO Zuckerberg sued over Cambridge Analytica privacy scandal

District of Columbia Attorney General Karl Racine announced a civil suit against extremist groups, the Proud Boys, and Oath Keepers over the Jan. 6 attack at the U.S. Capitol. The attack occurred in Washington on December 14, 2021. Jonathan Ernst | Reuters District of Columbia Attorney General Karl Racine is representing the plaintiffs MetaMark Zuckerberg, […]

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Bitcoin (BTC) could fall to $8,000, a 70% drop: Guggenheim’s Minerd

Scott Minerd is Chairman Investments and Global Chief Investment officer, Guggenheim Partners. He spoke at the Milken Institute Global Conference, Beverly Hills, California on May 2, 2022. AFP – Getty Images| AFP | Getty Images BitcoinGuggenheim chief Investment Officer Scott Minerd said Monday that it could plunge further to $8,000 and then fall again from […]

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Nasdaq records first seven week losing streak since 2002

Trade updates can be seen on monitors located on the New York Stock Exchange’s trading floor in Manhattan.  Reuters| Reuters The tech industry hasn’t suffered a major selloff since 2001 after the burst of the dotcom boom. It NasdaqThe index fell 3.8% for the seventh week in a row, dropping by 3.8%. The tech-heavy index […]