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KEY POINTS GameStop missed on the top and bottom lines of its quarterly results, but e-commerce sales jumped 175% last quarter and accounted for more than a third of its sales in the period. The brick-and-mortar video game retailer named former Amazon and Google executive Jenna Owens as its new chief operating officer. GameStop also …

GameStop shares fall 33% on lack of transformation detail, possible share sale قراءة المزيد »

Check out the companies making headlines in midday trading.  Microsoft — Shares of the tech giant jumped about 1.5% as the company reportedly looks to buy Discord, according to Bloomberg. The chat app popular with video gamers is reportedly for sale for around $10 billion, according to people cited in Bloomberg’s article. Boeing — The industrial giant saw …

Stocks making the biggest moves midday: Peloton, AstraZeneca, Boeing & more قراءة المزيد »

KEY POINTS Deliveroo’s IPO will value the company between £7.6 billion and £8.8 billion, which is higher than previous reports had suggested. The biggest individual winner will be Deliveroo CEO Will Shu. Overall, however, Amazon stands to gain the most from the IPO (CNBC)/LONDON — Deliveroo is planning to raise £1 billion ($1.38 billion) in …

Amazon stands to win big on Deliveroo’s IPO قراءة المزيد »

(Reuters) – A federal jury in Texas said Apple Inc must pay about $308.5 million to Personalized Media Communications LLC (PMC) for infringing a patent associated with digital rights management. The jurors late on Friday directed Apple to pay a running royalty to PMC, which is generally based on the amount of sales of a …

U.S. jury tells Apple to pay $308.5 million for patent infringement قراءة المزيد »

WASHINGTON (Reuters) – The U.S. Commodity Futures Trading Commission (CFTC) said on Friday digital asset exchange Coinbase Inc paid $6.5 million to settle charges it reported misleading transaction data that potentially inflated the apparent trading volume on its professional GDAX platform. The regulator also fined the company for so-called “wash trades” in Litecoin and bitcoin …

Coinbase pays $6.5 million to settle U.S. false reporting charges قراءة المزيد »

MILAN (Reuters) – Small Italian car filter supplier Ecofiltri took out a state-backed loan last year, just like thousands of other businesses fighting to keep afloat during the pandemic. But instead of burning through the cash to pay overdue rent and bills, Ecofiltri is investing the money on a technological revamp of its business. Already …

Pandemic leaves digital laggard Italy scrambling to catch up قراءة المزيد »

KEY POINTS Sources said Friday that the Chinese military has banned Tesla cars from entering its complexes, citing security concerns over cameras installed on the vehicles. “There’s a very strong incentive for us to be very confidential with any information,” Musk said. It comes as top Chinese and U.S. diplomats hold a contentious meeting in …

Musk says Tesla would be shut down if its cars spied in China, elsewhere قراءة المزيد »

KEY POINTS Asia-Pacific markets traded mixed Tuesday, after starting the week by struggling for gains in what some analysts have described as a fragile environment. Investors this week will watch as the U.S. House of Representatives plans to pass a $1.9 trillion coronavirus relief bill to get fresh aid to Americans starting this month. (CNBC)/SINGAPORE …

Asia-Pacific markets mixed as shares in South Korea, China struggled for gains قراءة المزيد »

KEY POINTS France Digitale, which has around 2,000 members, filed a seven-page complaint, with the Commission Nationale de l’Informatique et des Libertés on Tuesday. It argues that Apple may be collecting user data for ad tracking services without explicitly asking permission, and it is calling on the CNIL to investigate. Specifically, it thinks that Apple …

Apple accused of breaching European privacy law by French start-up group قراءة المزيد »

KEY POINTS Microsoft has closed its $7.5 billion acquisition of ZeniMax, the parent company of Bethesda. Microsoft confirmed that some new Bethesda games would be exclusive to Xbox consoles and PCs. The firm has often been seen as lagging behind Sony when it comes to major first-party releases. (CNBC)- Microsoft says it has closed its blockbuster …

Microsoft closes $7.5 billion Bethesda acquisition, aiming to take on Sony with exclusive games قراءة المزيد »

(Reuters) – The S&P 500 and the Dow climbed on Monday, led by stocks poised to benefit the most from an economic rebound as the U.S. Senate passed the $1.9 trillion COVID-19 relief aid, while heavyweight tech-related stocks swung between gains and losses. President Joe Biden said he hoped for a quick passage of the …

S&P 500, Dow advance as stimulus bill gets Senate nod قراءة المزيد »

KEY POINTS SpaceX wants to begin connecting moving vehicles – from cars and trucks to jets and ships – to its Starlink satellite internet network. Starlink is the company’s capital-intensive project to build an interconnected internet network with thousands of satellites, designed to deliver high-speed internet to consumers anywhere on the planet. “This application takes the next …

SpaceX wants to connect its Starlink satellite internet network to moving vehicles قراءة المزيد »